ALTEX Performance — Firsthand Alternative Energy Fund
Data updated: 2026-08-27
ALTEX returned +60.88% year to date and +95.51% over one year to Jun 2026. Annualised returns are +18.21% over 3 years and +6.15% over 5 years. The fund beat its Thematic Equity category average: $100 invested three years ago grew to $165, against $161 for the category, and to $196 over one year, against $115. Volatility over the past three years was 35.84% a year. In the 12 months to Jun 2026 the fund took in a net $3.7M, and assets reached $16.70M.
ALTEX Growth of $100
What $100 invested in Firsthand Alternative Energy Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Thematic Equity category average over the same months.
| Period | ALTEX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $196 | $115 |
| 3 years (Jul 2023 – Jun 2026) | $165 | $161 |
| 5 years (Jul 2021 – Jun 2026) | $135 | $141 |
| Since data start (Jan 2020 – Jun 2026) | $254 | $212 |
ALTEX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +60.88% |
| 1 year | +95.51% |
| 3 years (annualised) | +18.21% |
| 5 years (annualised) | +6.15% |
ALTEX Annual Returns
Calendar-year total returns of Firsthand Alternative Energy Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +60.88% |
| 2025 | +21.78% |
| 2024 | −6.78% |
| 2023 | −2.30% |
| 2022 | −18.27% |
| 2021 | −5.10% |
| 2020 | +83.86% |
ALTEX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +16.8% | +4.5% | −5.2% | +33.3% | +3.8% | +0.6% | — | — | — | — | — | — |
| 2025 | +1.6% | −12.1% | −7.5% | +0.6% | +11.5% | +8.2% | +11.7% | +0.8% | +13.9% | +11.0% | −9.4% | −5.7% |
| 2024 | −13.8% | +6.8% | 0.0% | −3.8% | +17.8% | −5.5% | +2.8% | +0.7% | +2.0% | −8.4% | +3.3% | −5.4% |
| 2023 | +9.8% | −1.1% | +2.1% | −8.6% | +2.5% | +4.0% | +4.0% | −10.2% | −9.0% | −15.2% | +12.1% | +12.1% |
| 2022 | −14.5% | +8.9% | +5.4% | −18.2% | +2.5% | −9.3% | +23.5% | −2.3% | −11.2% | +0.8% | +11.3% | −8.7% |
| 2021 | +7.3% | −2.2% | −2.9% | −4.0% | −2.3% | +7.6% | −4.0% | +0.5% | −4.8% | +13.5% | −2.1% | −9.4% |
| 2020 | −0.1% | −0.5% | −21.6% | +16.2% | +10.2% | +2.7% | +17.1% | +14.1% | +5.2% | +3.5% | +13.4% | +8.7% |
ALTEX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 35.84%
- 3-year Sharpe ratio: 0.38 (vs 4.5% risk-free rate)
- Best month: +33.33% (Apr 2026)
- Worst month: −15.21% (Oct 2023)
ALTEX Fund Flows
Monthly money in and out of Firsthand Alternative Energy Fund, from SEC Form N-PORT.
- 12-month net flow: $3.7M
- 12-month gross sales (incl. reinvestments): $14.7M
- Sales ÷ redemptions: 1.34×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $2.6M | $1.1M | $1.5M |
| May 2026 | $3.3M | $3.8M | −$494K |
| Apr 2026 | $1.0M | $730K | $311K |
| Mar 2026 | $173K | $343K | −$170K |
| Feb 2026 | $2.0M | $1.9M | $71K |
| Jan 2026 | $552K | $256K | $296K |
| Dec 2025 | $1.4M | $383K | $978K |
| Nov 2025 | $275K | $341K | −$66K |
| Oct 2025 | $1.9M | $1.8M | $158K |
| Sep 2025 | $1.3M | $116K | $1.2M |
| Aug 2025 | $121K | $140K | −$20K |
| Jul 2025 | $87K | $68K | $19K |
ALTEX Assets Under Management
Net assets of Firsthand Alternative Energy Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $16.70M |
| 2026-03-31 | $10.92M |
| 2025-12-31 | $9.35M |
| 2025-09-30 | $10.17M |
| 2025-06-30 | $6.89M |
| 2025-03-31 | $7.23M |
| 2024-12-31 | $8.93M |
| 2024-09-30 | $10.45M |
| 2024-06-28 | $10.70M |
| 2024-03-28 | $10.15M |
| 2023-12-29 | $12.29M |
| 2023-09-29 | $12.01M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.