NAEFX Holdings List

As of Feb 28, 2025

No.	Symbol	Name	% Weight	Shares
1	CWEN.A	Clearway Energy, Inc.	6.52%	600,000
2	ETR: SIE	Siemens Aktiengesellschaft	6.36%	67,500
3	BEPC	Brookfield Renewable Corporation	6.29%	550,000
4	HASI	HA Sustainable Infrastructure Capital, Inc.	6.20%	525,000
5	BME: IBE	Iberdrola, S.A.	5.34%	900,000
6	EPA: VIE	Veolia Environnement SA	5.23%	425,000
7	NZE: IFT	Infratil Limited	4.51%	1,800,000
8	BIT: TRN	Terna S.p.A.	4.40%	1,280,000
9	BME: ANA	Acciona, S.A.	4.26%	85,000
10	TSX: INE	Innergex Renewable Energy Inc.	4.22%	1,100,000
11	BIT: ENEL	Enel SpA	4.21%	1,400,000
12	BYDDY	BYD Company Limited	3.94%	100,000
13	n/a	Us Dollar	3.28%	7,991,104
14	ELI: EDPR	EDP Renováveis, S.A.	3.05%	836,000
15	AMS: LIGHT	Signify N.V.	2.84%	325,000
16	TT	Trane Technologies plc	2.54%	17,500
17	TSX: NPI	Northland Power Inc.	1.82%	325,000
18	CPH: ORSTED	Ørsted A/S	1.80%	100,000
19	XIFR	XPLR Infrastructure, LP	1.76%	475,000
20	JCI	Johnson Controls International plc	1.76%	50,000
21	TSX: H	Hydro One Limited	1.63%	125,000
22	OC	Owens Corning	1.58%	25,000
23	AWK	American Water Works Company, Inc.	1.40%	25,000
24	GEV	GE Vernova Inc.	1.38%	10,000
25	XYL	Xylem Inc.	1.34%	25,000
26	CARR	Carrier Global Corporation	1.33%	50,000
27	EPA: SU	Schneider Electric S.E.	1.26%	12,500
28	PCRHY	Panasonic Holdings Corporation	1.14%	225,000
29	ABJA.DE	ABB Ltd ADR	1.10%	50,000
30	TSX: BLX	Boralex Inc.	1.05%	125,000
31	CPH: VWS	Vestas Wind Systems A/S	0.87%	150,000
32	FSLR	First Solar, Inc.	0.84%	15,000
33	ELI: EDP	EDP, S.A.	0.79%	600,000
34	NZE: MNW	Manawa Energy Limited	0.74%	650,000
35	SMSMY	Sims Limited	0.47%	125,000
36	n/a	Nextracker Inc	0.45%	25,000
37	TSX: TA	TransAlta Corporation	0.42%	100,000
38	CSIQ	Canadian Solar Inc.	0.41%	100,000
39	ENPH	Enphase Energy, Inc.	0.35%	15,000
40	SMNNY	Shimano Inc.	0.28%	50,000
41	WCC	WESCO International, Inc.	0.19%	2,500
42	SFM	Sprouts Farmers Market, Inc.	0.15%	2,500
43	n/a	Amereco Inc	0.15%	30,000
44	FLNC	Fluence Energy, Inc.	0.12%	50,000
45	ARRY	Array Technologies, Inc.	0.11%	50,000
46	n/a	Alternatives Federal Credit Union	0.08%	200,000
47	n/a	Self Help Credit Union	0.04%	100,000
48	n/a	Euro	-0.00%	1,628
49	n/a	Danish Krone	-0.01%	103,316

As of Feb 28, 2025

Asset Allocation

Asset Class	% Weight
Stocks	96.60%
Cash	3.28%
Other	0.12%

Sector Breakdown

Sector	% Weight
Utilities	75.29%
Industrials	14.04%
Other	5.79%
Financials	4.26%
Information Technology	0.56%
Consumer Discretionary	0.06%

Country Breakdown

Sector	% Weight
United States	39.93%
Spain	16.66%
Canada	14.42%
Denmark	6.70%
Bermuda	5.16%
United Kingdom	3.94%
Italy	3.81%
New Zealand	3.52%
Netherlands	2.62%
Ireland	1.68%
Germany	1.47%
Other	0.09%