Investment objective & strategy
As of April 30, 2025 · prospectusObjective. The investment objective of New Alternatives Fund (the ?Fund?) is long-term capital appreciation,
Strategy. The Fund seeks to achieve its investment objective by investing in equity securities. The equity securities in which the Fund invests consist primarily of common stocks. Other equity securities in which the Fund may invest include YieldCos, American Depository Receipts (?ADRs?), real estate investment trusts (?REITs?) and publicly-traded master limited partnerships (?MLPs?). The Fund makes investments in a wide range of industries and in companies of all sizes. The Fund invests in equity securities of both U.S. and foreign companies, and has no limitation on the percentage of assets invested in the U.S. or abroad. Under normal market conditions, at least 25% of the Fund?s total assets will be invested in equity securities of companies in the alternative energy industry. … The Fund seeks to achieve its investment objective by investing in equity securities. The equity securities in which the Fund invests consist primarily of common stocks. Other equity securities in which the Fund may invest include YieldCos, American Depository Receipts (?ADRs?), real estate investment trusts (?REITs?) and publicly-traded master limited partnerships (?MLPs?). The Fund makes investments in a wide range of industries and in companies of all sizes. The Fund invests in equity securities of both U.S. and foreign companies, and has no limitation on the percentage of assets invested in the U.S. or abroad. Under normal market conditions, at least 25% of the Fund?s total assets will be invested in equity securities of companies in the alternative energy industry. ?Alternative Energy? or ?Renewable Energy? means the production, conservation, storage and transmission of energy to reduce pollution and harm to the environment, particularly when compared to conventional coal, oil or nuclear energy. In selecting investments for the Fund, the investment advisor selects securities for purchase or sale by subjectively balancing factors such as the investment?s relationship to the Fund?s areas of interest and concentration in Alternative Energy, Renewable Energy and related areas, the perceived risk of the investment, and the current value of the security. The investment advisor also considers the perceived prospects for the company and its industry, with concern for economic, political and social conditions at the time. In addition, the investment advisor considers its expectations for the investment based on, among other things, the company?s technological and management strength. The investment advisor considers the advancement of the Renewable Energy industry has been so dramatic that it has created a myriad of investment opportunities, and the Fund intends to capitalize on them. The investment advisor may consider investments in new technologies intended to provide a clean and sustainable environment.
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| Acciona SA EUR1 | ACXIF | $17.09M | 5.87% |
| CLEARWAY ENERGY INC | — | $16.65M | 5.72% |
| HA SUSTAINABLE INFRASTRUCTURE CAPITAL INC | — | $16.54M | 5.68% |
| BBH SWEEP VEHICLE | — | $16.46M | 5.65% |
| Iberdrola, S.A. EUR0.75 | IBE SM | $16.03M | 5.51% |
| ENEL SPA EUR1 | ENEL IM | $15.31M | 5.26% |
| Veolia Environnement S.A. EUR5 | VIE FP | $15.23M | 5.23% |
| BROOKFIELD RENEW | — | $14.94M | 5.13% |
| TERNA - Rete Elettrica Nazionale S.p.A. ORD EUR0.22 | TERRF | $14.64M | 5.03% |
| EDP Renovaveis SA EUR5 | EDRVF | $13.40M | 4.60% |
Portfolio moves
Dec 31, 2025 → Mar 31, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| Guinness Atkinson Alternative Energy Fund · GAAEX | 18% | 1.10% |
| SmartETFs Sustainable Energy II ETF · SOLR | 18% | 0.79% |
| Shelton Sustainable Equity Fund · NEXTX, NEXIX | 17% | 1.01% |
Advisers
| Firm | Role |
|---|---|
| Accrued Equities, Inc. | Adviser |
Footnotes
- Expense ratio as of April 30, 2025, from the fund's prospectus.
- Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).
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