ALTEX Statistics

Firsthand Alternative Energy Fund

Strategy and Statistics

The Fund invests in alternative energy and energy technology companies, both U.S. and international. Alternative energy includes solar, hydrogen, wind, geothermal, hydroelectric, tidal, biofuel, and biomass. Because there are no market capitalization restrictions on the Fund's investments, the Fund may purchase stocks of any capitalization.

As of March 31, 2024

Manager: Kevin Landis
Tenure: Since inception
Total net assets: $10 million
Number of companies: 38
Inception date: 10/29/07
Ticker symbol: ALTEX
CUSIP: 337941827
Sales load: None
Redemption fee: None
Gross expense ratio: 2.08%
Net expense ratio: 2.01%
2023 turnover: 22%

The Fund's total gross operating expenses are 2.08%. The Fund's total net operating expenses are 2.01%.Under the Investment Advisory Agreement, the Investment Adviser has agreed to reduce its fees and/or make expense reimbursements so that the Fund's total annual operating expenses (excluding independent trustees' compensation, brokerage and commission expenses, short sale expenses, litigation costs and any extraordinary and non-recurring expenses) are limited to 1.98% of the Fund's average daily net assets up to $200 million, 1.93% of such assets from $200 million to $500 million, 1.88% of such assets from $500 million to $1 billion, and 1.83% of such assets in excess of $1 billion. The Investment Adviser has also agreed to donate a portion of its management fees collected, amounting to 0.20% of the Fund's average daily net assets, to various non-profit organizations as elected by Fund shareholders. The current expense waiver is in effect until 4/30/25.