NALFX Holdings List

As of Mar 31, 2025

No.	Symbol	Name	% Weight	Shares
1	CWEN.A	Clearway Energy, Inc.	6.36%	550,000
2	BEPC	Brookfield Renewable Corporation	6.24%	550,000
3	HASI	HA Sustainable Infrastructure Capital, Inc.	6.24%	525,000
4	ETR: SIE	Siemens Aktiengesellschaft	6.10%	65,000
5	EPA: VIE	Veolia Environnement SA	5.94%	425,000
6	BME: IBE	Iberdrola, S.A.	5.91%	900,000
7	BIT: TRN	Terna S.p.A.	4.70%	1,280,000
8	BIT: ENEL	Enel SpA	4.61%	1,400,000
9	BME: ANA	Acciona, S.A.	4.52%	85,000
10	NZE: IFT	Infratil Limited	4.31%	1,800,000
11	BYDDY	BYD Company Limited	4.12%	100,000
12	TSX: INE	Innergex Renewable Energy Inc.	3.82%	1,000,000
13	n/a	Us Dollar	2.90%	7,136,066
14	AMS: LIGHT	Signify N.V.	2.87%	325,000
15	ELI: EDPR	EDP Renováveis, S.A.	2.83%	836,000
16	TT	Trane Technologies plc	2.40%	17,500
17	XIFR	XPLR Infrastructure, LP	1.93%	500,000
18	TSX: NPI	Northland Power Inc.	1.81%	325,000
19	CPH: ORSTED	Ørsted A/S	1.77%	100,000
20	TSX: H	Hydro One Limited	1.71%	125,000
21	JCI	Johnson Controls International plc	1.63%	50,000
22	AWK	American Water Works Company, Inc.	1.50%	25,000
23	OC	Owens Corning	1.45%	25,000
24	CARR	Carrier Global Corporation	1.29%	50,000
25	GEV	GE Vernova Inc.	1.24%	10,000
26	XYL	Xylem Inc.	1.21%	25,000
27	EPA: SU	Schneider Electric S.E.	1.17%	12,500
28	PCRHY	Panasonic Holdings Corporation	1.09%	225,000
29	ABBNY	ABB Ltd	1.06%	50,000
30	TSX: BLX	Boralex Inc.	1.02%	125,000
31	FSLR	First Solar, Inc.	0.90%	17,500
32	CPH: VWS	Vestas Wind Systems A/S	0.84%	150,000
33	ELI: EDP	EDP, S.A.	0.82%	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	0.43%	25,000
37	ENPH	Enphase Energy, Inc.	0.38%	15,000
38	CSIQ	Canadian Solar Inc.	0.35%	100,000
39	SFM	Sprouts Farmers Market, Inc.	0.31%	5,000
40	SMNNY	Shimano Inc.	0.29%	50,000
41	WCC	WESCO International, Inc.	0.16%	2,500
42	n/a	Amereco Inc	0.15%	30,000
43	MWA	Mueller Water Products, Inc.	0.10%	10,000
44	ARRY	Array Technologies, Inc.	0.10%	50,000
45	FLNC	Fluence Energy, Inc.	0.10%	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%	1,634
49	n/a	Danish Krone	-0.01%	103,758

As of Mar 31, 2025

Asset Allocation

Asset Class	% Weight
Stocks	96.99%
Cash	2.89%
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%