Fund Evaluator:
New Alternatives Investor (NAEFX)
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Best Performing in Global Small/Mid Stock Over the Last Year
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Fund Details
New Alternatives Investor Overview
New Alternatives Investor (NAEFX) is an actively managed International Equity Global Small/Mid Stock fund. New Alternatives launched the fund in 2015.
The investment seeks long-term capital appreciation, with income as a secondary objective. 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.
About New Alternatives Investor (NAEFX)
There are 3 members of the management team with an average tenure of 20.95 years: David Schoenwald (1982), Murray Rosenblith (2010), Kathleen Angelo (2022). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: S&P 500 (TR) (1970) index with a weighting of 100%. New Alternatives Investor has 54 securities in its portfolio. The top 10 holdings constitute 53.7% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is considered to have an ESG focus with its investment selection and management.
New Alternatives Investor is part of the Equity global asset class and is within the International Equity fund group. New Alternatives Investor has 58.9% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 35.2%. There is 58.9% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). New Alternatives Investor has 5.9% of the portfolio in cash.
Assets Under Management
The fund has $18 million in total assets, which is below the $865 million average for the Global Small/Mid Stock category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
NAEFX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The New Alternatives Investor expense ratio is high compared to funds in the Global Small/Mid Stock category. New Alternatives Investor has an expense ratio of 1.35%, which is 8% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. New Alternatives Investor has a portfolio turnover rate of 4%, indicating that holds its assets around 0.2 years. By way of comparison, the average portfolio turnover is 56% for the Global Small/Mid Stock category.
Recently, in the month of June 2026, New Alternatives Investor returned -0.7%, which earned it a grade of D, as the Global Small/Mid Stock category had an average return of 1.2%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
New Alternatives Investor has a trailing yield of 0.79%, which is below the 1.34% category average. The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
New Alternatives Investor Grades
Year to date, the fund has returned 18.0%, 4.7 percentage points better than the category, which translates into a grade of A. The fund has returned 26.5% over the past year (grade of B), 10.6% over the past three years (grade of D) and 2.6% per year over the past five years (grade of C) and 10.2% per year over the past 10 years (grade of C).
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NAEFX Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| NAEFX Return (NAV) | -0.7% | 9.0% | 26.5% | 10.6% | 2.6% | 10.2% |
| NAEFX Grade | D | D | B | D | C | C |
| +/- Category | -1.9% | -4.3% | 6.7% | -1.0% | -0.8% | 1.2% |
| Global Small/Mid Stock Avg | 1.2% | 13.3% | 19.8% | 11.6% | 3.4% | 9.0% |
| NAEFX Tax Cost Ratio | na | na | 0.4% | 0.8% | 1.0% | 1.1% |
NAEFX Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| NAEFX Return (NAV) | 18.0% | 27.8% | -6.3% | -2.7% | -16.1% | -5.1% | 61.4% | 36.7% | -7.2% | 20.9% | 6.3% |
| NAEFX Grade | A | A | F | F | B | F | A | A | A | D | C |
| +/- Category | 4.7% | 13.6% | -9.2% | -19.2% | 6.3% | -21.2% | 33.8% | 9.1% | 6.8% | -5.1% | -1.5% |
| Global Small/Mid Stock Avg | 13.3% | 14.2% | 2.9% | 16.5% | -22.4% | 16.1% | 27.6% | 27.6% | -14.0% | 26.0% | 7.8% |
| Risk Measures | |
| Standard Deviation: | 19.1% |
| Total Risk Index: | 1.57 - High |
| Category Risk Index: | 1.14 - High |
| Category Risk Grade: | F (87% Rank) |
| Beta: | 0.97 |
| R-Squared: | 41% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Mid-Cap Blend |
| Bond Investment Style: | na |
| Yield: | 0.8% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $314 Mil |
| Fund Total Assets: | $ 18 Mil |
| Share Class Type: | Inv |
| Portfolio Turnover: | 4% |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 43.9 years | |||
| Average Tenure: 21.0 years | |||
| Managers (Year): Schoenwald David (1982), Rosenblith Murray (2010), Angelo Kathleen (2022) | |||
Portfolio Composition (as of 3/31/26)
| # of Holdings: | 54 |
| % in Top 10 Holdings: | 53.7% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 58.9% |
Portfolio Allocation |
|
| Domestic Stock: | 35.2% |
| Foreign Stock: | 58.9% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 5.9% |
Purchase Information
| Fund Family: | New Alternatives |
| Phone Number: | 800-423-8383 |
| Website: | www.newalternativesfund.com |
| Status: | Open |
| Inception Date: | January 2, 2015 |
| Min. Initial Purchase: | $3,500 |
| Min. Initial IRA Purchase: | $3,500 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 2.00% |
| 12b-1 Fee: | 0.25% |
Expenses and Fees | |
| Expense Ratio (%): | 1.35% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.26% |
| Share Class: | New Alternatives A |
| Min. Subsequent Purchase: | $ 250 |
| Min. Subsequent IRA Purchase: | $ 250 |
