Firsthand Alternative Energy Fund (ALTEX)

Fund Assets	13.13M
Expense Ratio	2.01%
Min. Investment	$2,000
Turnover	26.00%
Dividend (ttm)	n/a
Dividend Yield	n/a
Dividend Growth	n/a
Payout Frequency	Annual
Ex-Dividend Date	Dec 12, 2025

Previous Close	13.16
YTD Return	31.23%
1-Year Return	3.82%
5-Year Return	5.55%
52-Week Low	10.01
52-Week High	16.97
Beta (5Y)	1.61
Holdings	40
Inception Date	Oct 29, 2007

About ALTEX

The Firsthand Alternative Energy Fund is a sector-focused mutual fund that seeks long-term capital growth by investing primarily in alternative energy and energy technology companies. The fund maintains at least 80% of its assets in equities related to renewable energy sources such as solar, wind, hydrogen, geothermal, hydroelectric, tidal, biofuel, and biomass. Its portfolio includes a mix of U.S. and global companies across various market capitalizations, with notable holdings in both the technology and industrials sectors. The fund typically holds around 35 companies and exhibits a moderate turnover rate, indicating a mid-term investment horizon. Managed since inception by Kevin Landis, the fund is designed for investors interested in the long-term opportunities presented by the transition to cleaner energy. With a higher expense ratio and sector concentration, it is subject to greater volatility and risk than more diversified funds. Its role in the market is to provide targeted exposure to innovations and companies driving the development and adoption of alternative energy solutions, making it relevant for those looking to add a specialized environmental or technology tilt to a broader portfolio.

• Fund Family: Firsthand Funds
• Category: Miscellaneous Sector
• Performance Rating: Low
• Risk Rating: Above Average
• Stock Exchange: Nasdaq
• Ticker Symbol: ALTEX
• Index: S&P 500 TR

Performance

ALTEX had a total return of 3.82% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.28%.

Top 10 Holdings

72.36% of assets

Name	Symbol	Weight
Bloom Energy Corporation	BE	18.13%
Corning Incorporated	GLW	9.88%
Fidelity Inv MM Treasury I	FISXX	9.13%
Quanta Services, Inc.	PWR	9.06%
Oklo Inc.	OKLO	6.27%
ABB Ltd	ABBNY	4.56%
Axcelis Technologies, Inc.	ACLS	4.54%
Enphase Energy, Inc.	ENPH	3.83%
The Williams Companies, Inc.	WMB	3.56%
ON Semiconductor Corporation	ON	3.40%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 12, 2025	$1.50455	Dec 12, 2025
Dec 13, 2024	$0.14264	Dec 13, 2024
Dec 15, 2023	$0.355	Dec 15, 2023
Dec 14, 2018	$0.00254	Dec 14, 2018
Dec 15, 2017	$0.01678	Dec 15, 2017

Data Sources: Tiingo, Financial Modeling Prep, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Financial Modeling Prep. Several fund data points are also provided by Finnhub.

Last checked:

Oct 10, 2026

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