Form N-CSR Cover
Form N-CSR Cover | 6 Months Ended |
Jun. 30, 2024 | |
Shareholder Report [Line Items] | |
Document Type | N-CSRS |
Amendment Flag | false |
Registrant Name | New Alternatives Fund |
Entity Central Index Key | 0000355767 |
Document Period End Date | Jun. 30, 2024 |
Shareholder Report
Shareholder Report | 6 Months Ended |
Jun. 30, 2024 USD ($) Holding | |
Shareholder Report [Line Items] | |
Document Type | N-CSRS |
Amendment Flag | false |
Registrant Name | New Alternatives Fund |
Entity Central Index Key | 0000355767 |
Document Period End Date | Jun. 30, 2024 |
C000146229 [Member] | |
Shareholder Report [Line Items] | |
Fund Name | New Alternatives Fund |
Class Name | Investor Shares |
Trading Symbol | NAEFX |
Annual or Semi-Annual Statement [Text Block] | This semi-annual shareholder report contains important information about the New Alternatives Fund (“Fund”) for the period of January 1, 2024, to June 30, 2024. |
Shareholder Report Annual or Semi-Annual | semi-annual shareholder report |
Additional Information [Text Block] | You can find additional information about the Fund at |
Material Fund Change Notice [Text Block] | This report describes changes to the Fund that occurred during the reporting period. |
Additional Information Phone Number | 800-423-8383631-423-7373 |
Additional Information Website | www.newalternativesfund.com |
Expenses [Text Block] | What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment) Fund (Class) Costs of $10,000 Investment Costs Paid as a Percentage of a $10,000 Investment New Alternatives Fund $ 1.29 % |
Expenses Paid, Amount | $ 65 |
Expense Ratio, Percent | 1.29% |
Factors Affecting Performance [Text Block] | How did the Fund perform last year? For the six-month period ending June 30, 2024, the Fund’s no load Investor Shares returned -4.04%. For the quarter ending June 30, 2024, the Fund’s Investor Shares gained 2.01% from the end of the previous quarter ending March 31, 2024. During the six-month period ending June 30, 2024, the Fund added positions in Ameresco, Inc., an energy management company; and GE Vernova, Inc., a wind turbine and energy transmission systems manufacturer. The Fund also sold off its holdings of Orron Energy AB, a Swedish renewable energy developer. What contributed to performance? An easing of supply chain backups in materials production, along with implementation of funding from the Inflation Reduction Act (IRA) helped generate positive returns on the manufacturing sectors of the Fund’s portfolio. The Energy Conservation and Energy Management and Transportation areas of our holdings all experienced broader positive returns. The Fund also reduced many of its holdings in the underperforming sectors during the period from January 1, 2024 to June 30, 2024. What detracted from performance? Despite our reduction of underperforming companies, the Renewable Energy Power Producers and Utilities continued to comprise the largest part of the Fund’s portfolio, just under 60%. For the most part, these companies experienced continuing drops in their share prices. Uncertainty on whether and when the Federal Reserve would lower interest rates depressed the values of many of these companies. Broader energy markets continued to also be affected by the ongoing war in Ukraine and the armed struggle between Israel and the Palestinian territories. |
Net Assets | $ 274,141,620 |
Holdings Count | Holding | 47 |
Advisory Fees Paid, Amount | $ 792,454 |
Investment Company Portfolio Turnover | 2% |
Additional Fund Statistics [Text Block] | Key Fund statistics Fund net assets $ % Total number of portfolio holdings $ % Portfolio turnover rate $ % Total advisory fees paid $ % |
Holdings [Text Block] | Graphical Representation of Holdings The tables below show the investment makeup of the Fund, representing percentage of the total net assets of the Fund. Top Ten Holdings Hannon Armstrong Sustainable Infrastructure Capital, Inc., REIT 6.2 % Brookfield Renewable Corp., Class A (Canada) 5.7 % Iberdrola SA (Spain) 5.2 % Clearway Energy, Inc., Class A 5.0 % Veolia Environnement SA (France) 4.6 % Infratil Ltd. (New Zealand) 4.5 % Siemens AG (Germany) 4.4 % NextEra Energy Partners LP 4.4 % EDP Renovaveis SA (Spain/Portugal) 4.3 % Atlantica Sustainable Infrastructure PLC (United Kingdom) 4.0 % Sector Allocation Geographical Allocation |
Largest Holdings [Text Block] | Top Ten Holdings Hannon Armstrong Sustainable Infrastructure Capital, Inc., REIT 6.2 % Brookfield Renewable Corp., Class A (Canada) 5.7 % Iberdrola SA (Spain) 5.2 % Clearway Energy, Inc., Class A 5.0 % Veolia Environnement SA (France) 4.6 % Infratil Ltd. (New Zealand) 4.5 % Siemens AG (Germany) 4.4 % NextEra Energy Partners LP 4.4 % EDP Renovaveis SA (Spain/Portugal) 4.3 % Atlantica Sustainable Infrastructure PLC (United Kingdom) 4.0 % |
C000013290 [Member] | |
Shareholder Report [Line Items] | |
Fund Name | New Alternatives Fund |
Class Name | Class A Shares |
Trading Symbol | NALFX |
Annual or Semi-Annual Statement [Text Block] | This semi-annual shareholder report contains important information about the New Alternatives Fund (“Fund”) for the period of January 1, 2024, to June 30, 2024. |
Shareholder Report Annual or Semi-Annual | semi-annual shareholder report |
Additional Information [Text Block] | You can find additional information about the Fund at |
Material Fund Change Notice [Text Block] | This report describes changes to the Fund that occurred during the reporting period. |
Additional Information Phone Number | 800-423-8383631-423-7373 |
Additional Information Website | www.newalternativesfund.com |
Expenses [Text Block] | What were the Fund costs for the last six months? (based on a hypothetical $10,000 investment) Fund (Class) Costs of $10,000 Investment Costs Paid as a Percentage of a $10,000 Investment New Alternatives Fund $ 1.04 % |
Expenses Paid, Amount | $ 53 |
Expense Ratio, Percent | 1.04% |
Factors Affecting Performance [Text Block] | How did the Fund perform last year? For the six-month period ending June 30, 2024, the Fund’s Class A Shares returned -3.93% with no load and -7.29% with the load. For the quarter ending June 30, 2024, the Fund’s Class A Shares gained 2.07% with no load and 2.00% with the load from the end of the previous quarter ending March 31, 2024. During the six-month period ending June 30, 2024, the Fund added positions in Ameresco, Inc., an energy management company; and GE Vernova, Inc., a wind turbine and energy transmission systems manufacturer. The Fund also sold off its holdings of Orron Energy AB, a Swedish renewable energy developer. What contributed to performance? An easing of supply chain backups in materials production, along with implementation of funding from the Inflation Reduction Act (IRA) helped generate positive returns on the manufacturing sectors of the Fund’s portfolio. The Energy Conservation and Energy Management and Transportation areas of our holdings all experienced broader positive returns. The Fund also reduced many of its holdings in the underperforming sectors during the period from January 1, 2024 to June 30, 2024. What detracted from performance? Despite our reduction of underperforming companies, the Renewable Energy Power Producers and Utilities continued to comprise the largest part of the Fund’s portfolio, just under 60%. For the most part, these companies experienced continuing drops in their share prices. Uncertainty on whether and when the Federal Reserve would lower interest rates depressed the values of many of these companies. Broader energy markets continued to also be affected by the ongoing war in Ukraine and the armed struggle between Israel and the Palestinian territories. |
Net Assets | $ 274,141,620 |
Holdings Count | Holding | 47 |
Advisory Fees Paid, Amount | $ 792,454 |
Investment Company Portfolio Turnover | 2% |
Additional Fund Statistics [Text Block] | Key Fund statistics Fund net assets $ % Total number of portfolio holdings $ % Portfolio turnover rate $ % Total advisory fees paid $ % |
Holdings [Text Block] | Graphical Representation of Holdings The tables below show the investment makeup of the Fund, representing percentage of the total net assets of the Fund. Top Ten Holdings Hannon Armstrong Sustainable Infrastructure Capital, Inc., REIT 6.2 % Brookfield Renewable Corp., Class A (Canada) 5.7 % Iberdrola SA (Spain) 5.2 % Clearway Energy, Inc., Class A 5.0 % Veolia Environnement SA (France) 4.6 % Infratil Ltd. (New Zealand) 4.5 % Siemens AG (Germany) 4.4 % NextEra Energy Partners LP 4.4 % EDP Renovaveis SA (Spain/Portugal) 4.3 % Atlantica Sustainable Infrastructure PLC (United Kingdom) 4.0 % Sector Allocation Geographical Allocation |
Largest Holdings [Text Block] | Top Ten Holdings Hannon Armstrong Sustainable Infrastructure Capital, Inc., REIT 6.2 % Brookfield Renewable Corp., Class A (Canada) 5.7 % Iberdrola SA (Spain) 5.2 % Clearway Energy, Inc., Class A 5.0 % Veolia Environnement SA (France) 4.6 % Infratil Ltd. (New Zealand) 4.5 % Siemens AG (Germany) 4.4 % NextEra Energy Partners LP 4.4 % EDP Renovaveis SA (Spain/Portugal) 4.3 % Atlantica Sustainable Infrastructure PLC (United Kingdom) 4.0 % |
Shareholder Report, Holdings (D
Shareholder Report, Holdings (Details) | Jun. 30, 2024 |
C000146229 [Member] | Siemens AG Germany [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 4.40% |
C000146229 [Member] | EDP Renovaveis SA Spain Portugal [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 4.30% |
C000146229 [Member] | NextEra Energy Partners LP [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 4.40% |
C000146229 [Member] | Clearway Energy Inc Class A [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 5% |
C000146229 [Member] | Veolia Environnement SA France [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 4.60% |
C000146229 [Member] | Brookfield Renewable Corp Class A Canada [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 5.70% |
C000146229 [Member] | Iberdrola SA Spain [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 5.20% |
C000146229 [Member] | Infratil Ltd New Zealand [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 4.50% |
C000146229 [Member] | Hannon Armstrong Sustainable Infrastructure Capital Inc REIT [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 6.20% |
C000146229 [Member] | Atlantica Sustainable Infrastructure PLC United Kingdom [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 4% |
C000146229 [Member] | Other [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 1% |
C000146229 [Member] | Water Systems [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 5.90% |
C000146229 [Member] | Wind Turbines [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 1.90% |
C000146229 [Member] | Recycling And Waste Management [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 0.30% |
C000146229 [Member] | Energy Storage [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 1% |
C000146229 [Member] | Renewable Energy Power Producers And Developers [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 38.10% |
C000146229 [Member] | Transportation Sector [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 2.50% |
C000146229 [Member] | Utilities Sector [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 19.80% |
C000146229 [Member] | Energy Conservation [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 9% |
C000146229 [Member] | Solar Photovoltaic [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 1.10% |
C000146229 [Member] | Sustainable Energy Financial Services [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 6.20% |
C000146229 [Member] | Energy Management [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 9.30% |
C000146229 [Member] | SWITZERLAND | |
Holdings [Line Items] | |
Percent of Net Asset Value | 1% |
C000146229 [Member] | IRELAND | |
Holdings [Line Items] | |
Percent of Net Asset Value | 3.30% |
C000146229 [Member] | UNITED STATES | |
Holdings [Line Items] | |
Percent of Net Asset Value | 25.70% |
C000146229 [Member] | DENMARK | |
Holdings [Line Items] | |
Percent of Net Asset Value | 3.20% |
C000146229 [Member] | SPAIN | |
Holdings [Line Items] | |
Percent of Net Asset Value | 13.20% |
C000146229 [Member] | FRANCE | |
Holdings [Line Items] | |
Percent of Net Asset Value | 4.60% |
C000146229 [Member] | NEW ZEALAND | |
Holdings [Line Items] | |
Percent of Net Asset Value | 5.10% |
C000146229 [Member] | GERMANY | |
Holdings [Line Items] | |
Percent of Net Asset Value | 4.40% |
C000146229 [Member] | JAPAN | |
Holdings [Line Items] | |
Percent of Net Asset Value | 1% |
C000146229 [Member] | CANADA | |
Holdings [Line Items] | |
Percent of Net Asset Value | 16.30% |
C000146229 [Member] | CHINA | |
Holdings [Line Items] | |
Percent of Net Asset Value | 2.20% |
C000146229 [Member] | ITALY | |
Holdings [Line Items] | |
Percent of Net Asset Value | 7.20% |
C000146229 [Member] | UNITED KINGDOM | |
Holdings [Line Items] | |
Percent of Net Asset Value | 4% |
C000146229 [Member] | NETHERLANDS | |
Holdings [Line Items] | |
Percent of Net Asset Value | 3% |
C000146229 [Member] | Certificates of Deposit [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 0.10% |
C000013290 [Member] | Siemens AG Germany [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 4.40% |
C000013290 [Member] | EDP Renovaveis SA Spain Portugal [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 4.30% |
C000013290 [Member] | NextEra Energy Partners LP [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 4.40% |
C000013290 [Member] | Clearway Energy Inc Class A [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 5% |
C000013290 [Member] | Veolia Environnement SA France [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 4.60% |
C000013290 [Member] | Brookfield Renewable Corp Class A Canada [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 5.70% |
C000013290 [Member] | Iberdrola SA Spain [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 5.20% |
C000013290 [Member] | Infratil Ltd New Zealand [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 4.50% |
C000013290 [Member] | Hannon Armstrong Sustainable Infrastructure Capital Inc REIT [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 6.20% |
C000013290 [Member] | Atlantica Sustainable Infrastructure PLC United Kingdom [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 4% |
C000013290 [Member] | Other [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 1% |
C000013290 [Member] | Water Systems [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 5.90% |
C000013290 [Member] | Wind Turbines [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 1.90% |
C000013290 [Member] | Recycling And Waste Management [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 0.30% |
C000013290 [Member] | Energy Storage [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 1% |
C000013290 [Member] | Renewable Energy Power Producers And Developers [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 38.10% |
C000013290 [Member] | Transportation Sector [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 2.50% |
C000013290 [Member] | Utilities Sector [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 19.80% |
C000013290 [Member] | Energy Conservation [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 9% |
C000013290 [Member] | Solar Photovoltaic [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 1.10% |
C000013290 [Member] | Sustainable Energy Financial Services [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 6.20% |
C000013290 [Member] | Energy Management [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 9.30% |
C000013290 [Member] | SWITZERLAND | |
Holdings [Line Items] | |
Percent of Net Asset Value | 1% |
C000013290 [Member] | IRELAND | |
Holdings [Line Items] | |
Percent of Net Asset Value | 3.30% |
C000013290 [Member] | UNITED STATES | |
Holdings [Line Items] | |
Percent of Net Asset Value | 25.70% |
C000013290 [Member] | DENMARK | |
Holdings [Line Items] | |
Percent of Net Asset Value | 3.20% |
C000013290 [Member] | SPAIN | |
Holdings [Line Items] | |
Percent of Net Asset Value | 13.20% |
C000013290 [Member] | FRANCE | |
Holdings [Line Items] | |
Percent of Net Asset Value | 4.60% |
C000013290 [Member] | NEW ZEALAND | |
Holdings [Line Items] | |
Percent of Net Asset Value | 5.10% |
C000013290 [Member] | GERMANY | |
Holdings [Line Items] | |
Percent of Net Asset Value | 4.40% |
C000013290 [Member] | JAPAN | |
Holdings [Line Items] | |
Percent of Net Asset Value | 1% |
C000013290 [Member] | CANADA | |
Holdings [Line Items] | |
Percent of Net Asset Value | 16.30% |
C000013290 [Member] | CHINA | |
Holdings [Line Items] | |
Percent of Net Asset Value | 2.20% |
C000013290 [Member] | ITALY | |
Holdings [Line Items] | |
Percent of Net Asset Value | 7.20% |
C000013290 [Member] | UNITED KINGDOM | |
Holdings [Line Items] | |
Percent of Net Asset Value | 4% |
C000013290 [Member] | NETHERLANDS | |
Holdings [Line Items] | |
Percent of Net Asset Value | 3% |
C000013290 [Member] | Certificates of Deposit [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 0.10% |