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Morningstar

Firsthand Alternative Energy ALTEX

Morningstar Medalist Rating
Medalist Rating as of | See Firsthand Investment Hub
  • NAV / 1-Day Return 10.41  /  +1.76 %
  • Total Assets 10.4 Mil
  • Adj. Expense Ratio
    2.010%
  • Expense Ratio 2.010%
  • Distribution Fee Level High
  • Share Class Type No Load
  • Category Technology
  • Investment Style Mid Growth
  • Min. Initial Investment 2,000
  • Status Open
  • TTM Yield —
  • Turnover 22%

USD | NAV as of Jul 26, 2024 | 1-Day Return as of Jul 26, 2024, 10:08 PM GMT+0

Morningstar’s Analysis ALTEX

Will ALTEX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable ALTEX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the ALTEX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of ALTEX’s parent organization’s priorities and whether they’re in line with investors’ interests.

The combination of an Average People Pillar rating and a Below Average Process Pillar rating limit Firsthand Alternative Energy to a Morningstar Medalist Rating of Negative.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the highest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings ALTEX

More ALTEX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 64.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Quanta Services Inc

12.79 1.3 Mil
Industrials

First Solar Inc

8.31 844,000
Technology

ON Semiconductor Corp

7.24 735,500
Technology

Tesla Inc

6.92 703,160
Consumer Cyclical

Aspen Aerogels Inc

6.06 616,000
Industrials

Axcelis Technologies Inc

5.49 557,600
Technology

Itron Inc

5.07 514,874
Technology

Kratos Defense & Security Solutions Inc

4.52 459,500
Industrials

Vestas Wind Systems A/S

4.07 413,625
Industrials

Corning Inc

3.72 377,722
Technology