Firsthand Alternative Energy Fund (ALTEX)
The fund normally invests at least 80% of its assets in alternative energy and alternative energy technology companies, both U.S. and international. It may purchase stocks of any capitalization, including, but not limited to, large-cap, mid-cap or small-cap stocks. The fund's international stock investments may include stocks of companies based in or doing substantial business in both developed markets and emerging markets. It may also from time to time, as part of its principal investment strategies, invest a substantial portion of its assets in cash or cash equivalents.
Fund Info
| ISIN | US3379418276 |
|---|---|
| CUSIP | 337941827 |
| Issuer | Firsthand Funds |
| Inception Date | Oct 28, 2007 |
| Category | Technology Equities |
| Min. Investment | $2,000 |
| Asset Class | Equity |
Asset Class Size | Mid-Cap |
Asset Class Style | Growth |
Expense Ratio
ALTEX has a high expense ratio of 1.98%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Firsthand Alternative Energy Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Firsthand Alternative Energy Fund had a return of -7.63% year-to-date (YTD) and -9.34% in the last 12 months. Over the past 10 years, Firsthand Alternative Energy Fund had an annualized return of 4.44%, while the S&P 500 had an annualized return of 10.41%, indicating that Firsthand Alternative Energy Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -7.63% | 6.17% |
| 1 month | 3.57% | -2.72% |
| 6 months | 11.11% | 17.29% |
| 1 year | -9.34% | 23.80% |
| 5 years (annualized) | 9.41% | 11.47% |
| 10 years (annualized) | 4.44% | 10.41% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -13.80% | 6.83% | 0.00% | -3.77% | ||||||||
| 2023 | -15.21% | 12.08% | 12.10% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of ALTEX is 2, indicating that it is in the bottom 2% of the market in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Firsthand Alternative Energy Fund(ALTEX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Firsthand Alternative Energy Fund (ALTEX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Firsthand Alternative Energy Fund granted a 3.71% dividend yield in the last twelve months. The annual payout for that period amounted to $0.36 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $0.36 | $0.36 | $0.00 | $0.00 | $0.00 | $0.70 | $0.00 | $0.02 |
Dividend yield | 3.71% | 3.43% | 0.00% | 0.00% | 0.00% | 9.12% | 0.05% | 0.25% |
Monthly Dividends
The table displays the monthly dividend distributions for Firsthand Alternative Energy Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||||
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.36 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.70 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2017 | $0.02 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Firsthand Alternative Energy Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Firsthand Alternative Energy Fund was 74.58%, occurring on Nov 16, 2012. Recovery took 1944 trading sessions.
The current Firsthand Alternative Energy Fund drawdown is 38.63%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -74.58% | Jan 4, 2008 | 1226 | Nov 16, 2012 | 1944 | Aug 10, 2020 | 3170 |
| -48.05% | Nov 15, 2021 | 492 | Oct 30, 2023 | — | — | — |
| -20.91% | Feb 16, 2021 | 61 | May 12, 2021 | 129 | Nov 12, 2021 | 190 |
| -9.27% | Oct 21, 2020 | 11 | Nov 4, 2020 | 12 | Nov 20, 2020 | 23 |
| -7.66% | Sep 3, 2020 | 3 | Sep 8, 2020 | 15 | Sep 29, 2020 | 18 |
Volatility
Volatility Chart
The current Firsthand Alternative Energy Fund volatility is 9.50%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.