ALTEX Top 10 Holdings

Firsthand Alternative Energy Fund

Top 10 Holdings

As of December 31, 2016

Holding % of Portfolio
Power Integrations, Inc. 7.7%
Itron, Inc. 6.9%
Cree, Inc. 5.2%
TerraForm Power, Inc. 5.0%
Tesla Motors, Inc. 4.9%
Honeywell International, Inc. 4.7%
First Solar, Inc. 4.4%
Exar Corp. 4.2%
Vestas Wind Systems A/S 3.9%
3M Co. 3.5%
Total: 50.4%

Portfolio assets such as cash, treasuries, options, and warrants are not presented in the top 10 list.

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.