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Morningstar

Firsthand Alternative Energy ALTEX

Morningstar Medalist Rating
Medalist Rating as of | See Firsthand Investment Hub
  • NAV / 1-Day Return 8.90  /  +1.14 %
  • Total Assets 9.3 Mil
  • Adj. Expense Ratio
    2.000%
  • Expense Ratio 2.000%
  • 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 Apr 24, 2024 | 1-Day Return as of Apr 24, 2024, 10:18 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 56.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Quanta Services Inc

8.77 1.1 Mil
Industrials

Fidelity Inv MM Treasury I

8.69 1.1 Mil
Cash and Equivalents

Tesla Inc

8.08 993,920
Consumer Cyclical

First Solar Inc

7.00 861,400
Technology

ON Semiconductor Corp

6.79 835,300
Technology

Axcelis Technologies Inc

5.27 648,450
Technology

Kratos Defense & Security Solutions Inc

4.95 608,700
Industrials

Aspen Aerogels Inc

4.49 552,300
Industrials

Corning Inc

4.08 501,207
Technology

Vestas Wind Systems A/S

3.87 475,875
Industrials