ALTEX Holdings by Industry, Market Cap, and Country

Firsthand Alternative Energy Fund

Holdings by Industry, Market Cap, and Country

As of March 31, 2017

Industry % of Portfolio
Renewable Energy 32.6%
Energy Efficiency 12.3%
Semiconductors 12.1%
Other Electronics 11.2%
Industrials 6.8%
Advanced Materials 6.4%
Engineering Service 3.5%
Automotive 3.1%
Electrical Equipment 3.1%
Waste & Environment Service 3.0%
Materials 2.8%
Other 1.3%
Cash & Cash Equivalents 1.8%
Cap Size % of Portfolio
Giant Cap (>$25B) 30.5%
Large Cap ($5-$25B) 12.2%
Mid Cap ($1-$5B) 31.2%
Small Cap (<$1B) 24.3%
Net Cash 1.8%
Country % of Portfolio
United States 77.0%
Spain 5.9%
Denmark 4.6%
Netherlands 3.5%
Japan 3.2%
China 3.1%
Cayman Islands 1.6%
Other 1.1%

The information provided should not be considered a recommendation to purchase or sell a particular security and there is no assurance that, as of the date of publication, the securities purchased remain in the Fund's portfolio or that securities sold have not been repurchased. Also, you should note that the securities discussed, even if they have been purchased by the Fund, do not represent the Fund's entire portfolio and, in the aggregate, may represent only a small percentage of the Fund's holdings. There can be no assurance that any Firsthand Fund will buy, sell, or hold any particular security after the date referred to in the discussion.

Private companies with valuations of zero have been omitted.

Note: Cash figure is net of receivables and payables.