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 September 30, 2024
Manager: | Kevin Landis |
Tenure: | Since inception |
Total net assets: | $10 million |
Number of companies: | 35 |
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.