NEW ALTERNATIVES FUND
Name
As of 11/01/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
2.2%
1 yr return
15.9%
3 Yr Avg Return
-7.0%
5 Yr Avg Return
6.4%
Net Assets
$285 M
Holdings in Top 10
48.1%
52 WEEK LOW AND HIGH
$67.1
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.21%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 8.75%
Redemption Fee 2.00%
Min Investment
Standard (Taxable)
$3,500
IRA
$2,500
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 11/01/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
NAEFX - Profile
Distributions
- YTD Total Return 2.2%
- 3 Yr Annualized Total Return -7.0%
- 5 Yr Annualized Total Return 6.4%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.11%
- Dividend Yield 2.7%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameNEW ALTERNATIVES FUND
-
Fund Family NameNew Alternatives
-
Inception DateJan 02, 2015
-
Shares OutstandingN/A
-
Share ClassInvestor
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerDavid Schoenwald
Fund Description
The Fund seeks to achieve its investment objective by investing in equity securities. The equity securities in which the Fund invests consist primarily of common stocks. Other equity securities in which the Fund may invest include YieldCos, American Depository Receipts (“ADRs”), real estate investment trusts (“REITs”) and publicly-traded master limited partnerships (“MLPs”). The Fund makes investments in a wide range of industries and in companies of all sizes. The Fund invests in equity securities of both U.S. and foreign companies, and has no limitation on the percentage of assets invested in the U.S. or abroad.
Under normal market conditions, at least 25% of the Fund’s total assets will be invested in equity securities of companies in the alternative energy industry. “Alternative Energy” or “Renewable Energy” means the production, conservation, storage and transmission of energy to reduce pollution and harm to the environment, particularly when compared to conventional coal, oil or nuclear energy.
In selecting investments for the Fund, the investment advisor selects securities for purchase or sale by subjectively balancing factors such as the investment’s relationship to the Fund’s areas of interest and concentration in Alternative Energy, Renewable Energy and related areas, the perceived risk of the investment, and the current value of the security. The investment advisor also considers the perceived prospects for the company and its industry, with concern for economic, political and social conditions at the time. In addition, the investment advisor considers its expectations for the investment based on, among other things, the company’s technological and management strength. The investment advisor considers the advancement of the Renewable Energy industry has been so dramatic that it has created a myriad of investment opportunities, and the Fund intends to capitalize on them. The investment advisor may consider investments in new technologies intended to provide a clean and sustainable environment.
NAEFX - Performance
Return Ranking - Trailing
| Period | NAEFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 2.2% | -44.3% | 9.5% | 15.38% |
| 1 Yr | 15.9% | -51.1% | 24.7% | 50.32% |
| 3 Yr | -7.0%* | -6.4% | 28.0% | 4.05% |
| 5 Yr | 6.4%* | -4.2% | 18.3% | 5.60% |
| 10 Yr | N/A* | 1.0% | 13.7% | 4.76% |
* Annualized
Return Ranking - Calendar
| Period | NAEFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -6.6% | -50.5% | 18.8% | 94.59% |
| 2022 | -19.6% | -27.4% | 103.5% | 6.99% |
| 2021 | -9.5% | 3.5% | 66.4% | 15.00% |
| 2020 | 53.8% | -64.5% | 5.6% | 3.97% |
| 2019 | 29.7% | -9.3% | 49.7% | 69.81% |
Total Return Ranking - Trailing
| Period | NAEFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 2.2% | -44.3% | 9.5% | 13.46% |
| 1 Yr | 15.9% | -51.1% | 24.7% | 41.94% |
| 3 Yr | -7.0%* | -6.4% | 28.0% | 3.38% |
| 5 Yr | 6.4%* | -4.2% | 18.3% | 4.80% |
| 10 Yr | N/A* | 1.0% | 13.7% | 3.57% |
* Annualized
Total Return Ranking - Calendar
| Period | NAEFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -2.7% | -50.6% | 18.8% | 94.59% |
| 2022 | -16.1% | -27.4% | 103.5% | 6.99% |
| 2021 | -0.4% | 3.5% | 66.4% | 15.00% |
| 2020 | 70.0% | -64.5% | 5.6% | 2.38% |
| 2019 | 45.4% | -9.3% | 53.2% | 74.53% |
NAV & Total Return History
NAEFX - Holdings
Concentration Analysis
| NAEFX | Category Low | Category High | NAEFX % Rank | |
|---|---|---|---|---|
| Net Assets | 285 M | 2.31 M | 71.6 B | 26.88% |
| Number of Holdings | 47 | 31 | 9561 | 86.88% |
| Net Assets in Top 10 | 132 M | 452 K | 5.44 B | 25.00% |
| Weighting of Top 10 | 48.07% | 4.2% | 63.4% | 15.63% |
Top 10 Holdings
- Hannon Armstrong Sustainable Infrastructure Capital Inc 6.19%
- Brookfield Renewable Corp 5.67%
- Iberdrola SA 5.19%
- Clearway Energy Inc 4.94%
- Veolia Environnement SA 4.62%
- Infratil Ltd 4.46%
- Siemens AG 4.40%
- NextEra Energy Partners LP 4.37%
- EDP Renovaveis SA 4.25%
- Atlantica Sustainable Infrastructure PLC 3.99%
Asset Allocation
| Weighting | Return Low | Return High | NAEFX % Rank | |
|---|---|---|---|---|
| Stocks | 94.80% | 40.59% | 104.41% | 56.88% |
| Cash | 5.20% | -4.41% | 47.07% | 35.00% |
| Preferred Stocks | 0.00% | 0.00% | 1.04% | 91.88% |
| Other | 0.00% | -7.94% | 19.71% | 36.25% |
| Convertible Bonds | 0.00% | 0.00% | 7.55% | 91.88% |
| Bonds | 0.00% | 0.00% | 8.07% | 91.88% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | NAEFX % Rank | |
|---|---|---|---|---|
| Utilities | 72.27% | 0.00% | 70.33% | 1.25% |
| Industrials | 20.29% | 0.00% | 53.77% | 31.25% |
| Real Estate | 3.90% | 0.00% | 43.48% | 35.63% |
| Consumer Cyclical | 2.11% | 0.00% | 71.20% | 93.75% |
| Technology | 0.95% | 0.00% | 93.40% | 97.50% |
| Basic Materials | 0.48% | 0.00% | 26.39% | 85.00% |
| Healthcare | 0.00% | 0.00% | 28.38% | 97.50% |
| Financial Services | 0.00% | 0.00% | 75.07% | 97.50% |
| Energy | 0.00% | 0.00% | 36.56% | 96.25% |
| Communication Services | 0.00% | 0.00% | 23.15% | 98.13% |
| Consumer Defense | 0.00% | 0.00% | 52.28% | 98.75% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | NAEFX % Rank | |
|---|---|---|---|---|
| US | 53.69% | 6.76% | 79.19% | 88.13% |
| Non US | 41.11% | 12.39% | 83.06% | 10.63% |
NAEFX - Expenses
Operational Fees
| NAEFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.21% | 0.43% | 2.93% | 50.63% |
| Management Fee | 0.53% | 0.30% | 1.25% | 5.00% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 50.62% |
| Administrative Fee | N/A | 0.03% | 0.15% | N/A |
Sales Fees
| NAEFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
| NAEFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | 2.00% | 1.00% | 2.00% | 73.08% |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| NAEFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 8.75% | 7.00% | 145.00% | 3.70% |
NAEFX - Distributions
Dividend Yield Analysis
| NAEFX | Category Low | Category High | NAEFX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 2.72% | 0.00% | 14.18% | 95.00% |
Dividend Distribution Analysis
| NAEFX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annually | Annually | Annually |
Net Income Ratio Analysis
| NAEFX | Category Low | Category High | NAEFX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.11% | -1.92% | 6.98% | 37.58% |
Capital Gain Distribution Analysis
| NAEFX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 28, 2023 | $1.823 | OrdinaryDividend |
| Dec 28, 2023 | $0.214 | CapitalGainShortTerm |
| Dec 28, 2023 | $0.678 | CapitalGainLongTerm |
| Dec 29, 2022 | $3.072 | OrdinaryDividend |
| Dec 29, 2021 | $4.276 | OrdinaryDividend |
| Dec 31, 2020 | $4.714 | OrdinaryDividend |
| Dec 31, 2019 | $0.125 | OrdinaryDividend |
| Dec 31, 2019 | $0.075 | CapitalGainShortTerm |
| Dec 31, 2019 | $3.159 | CapitalGainLongTerm |
| Dec 31, 2018 | $0.163 | CapitalGainShortTerm |
| Dec 31, 2018 | $2.712 | CapitalGainLongTerm |
| Dec 31, 2018 | $0.213 | OrdinaryDividend |
| Dec 29, 2017 | $1.289 | CapitalGainLongTerm |
| Dec 29, 2017 | $0.917 | OrdinaryDividend |
| Dec 30, 2016 | $1.102 | CapitalGainLongTerm |
| Dec 30, 2016 | $0.557 | OrdinaryDividend |
| Dec 31, 2015 | $0.741 | OrdinaryDividend |
NAEFX - Fund Manager Analysis
Managers
David Schoenwald
Start Date
Tenure
Tenure Rank
Sep 03, 1982
39.77
39.8%
Schoenwald is a portfolio manager with Accrued Equities, his employer since 1982. David J. Schoenwald is the President and Treasurer of the Advisor. David J. Schoenwald has been a journalist and an attorney with Law Services (a poverty law agency), personally interested in social and environmental matters.
Murray Rosenblith
Start Date
Tenure
Tenure Rank
Dec 31, 2010
11.42
11.4%
Murray D. Rosenblith joined the staff of Accrued Equities, Inc., in 2008 after serving as an independent Director since 2003 and member of the Audit Committee from 2006 until 2008. Prior to working for Accrued Equities, Inc., Mr. Rosenblith was a journalist and publication business manager. He served as executive director of a public foundation for 24 years. His duties during this period included managing socially responsible investments for the foundation and related organizations.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 39.6 | 7.02 | 9.33 |