New Alternatives Fund- Class A
NALFX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 150 Broadhollow Road Melville NY United States of America 11747
- IPO Date
- Sep 3, 1982
- CIK
- 0000355767
- Website
- newalternativesfund.com
- Similar Companies
- Business
- New Alternatives Fund-Class A (NALFX) is a socially responsible mutual fund that seeks long-term capital appreciation, with current income as a secondary objective, through investments in equity securities of companies benefiting the environment and reducing reliance on fossil fuels; its portfolio primarily comprises common stocks, along with YieldCos, American Depositary Receipts (ADRs), real estate investment trusts (REITs), and publicly traded master limited partnerships (MLPs), selected across a wide range of industries and company sizes with a focus on renewable energy sources such as solar, wind, hydro, biomass, fuel cells, energy conservation, recycling, clean water, and natural foods. The fund operates in the world small/mid stock category, targeting individual and institutional investors interested in environmental investments, with no geographic limitations on U.S. or foreign equity holdings and modest allocations to socially responsible federally insured banks; it was founded in September 1982 by David Schoenwald and is headquartered at 150 Broadhollow Rd., Suite PH 02, Melville, NY 11747. Portfolio management is led by David Schoenwald (since 1982), Murray Rosenblith (since 2010), and Kathleen Don Angelo (since late 2022), who joined the team following prior roles in accounting firms; the fund offers Class A shares (NALFX) with a front-end load up to 3.5% (tiered by investment size) and Investor Shares (NAEFX) with no load but a 2% redemption fee within 60 days, distributed principally by Foreside Funds Distributors, LLC and co-distributed by Accrued Equities, Inc. Recent developments include the addition of Kathleen Don Angelo to the investment management team in 2022, enhancing the portfolio oversight with her securities licenses and accounting background; the fund maintained its core strategy amid stable performance metrics, with total net assets at approximately $268 million and a gross expense ratio of 1.03% as of mid-2025, while continuing to emphasize renewable energy producers with regulated income streams and project pipelines.