New Alternatives Fund New Alternatives Fund
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Alternative Energy

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6/30/08


Name of StockPercent of TotalBrief Description
Abengoa SA 4.23% (Spain) Biomass (Ethanol Cellosic Project), Solar Projects, Aluminum Recycling
Acciona SA 4.01% (Spain) Construction; Wind, Small Hydro, & Solar Thermal
American Water Works Co. 3.00% Largest U.S. Water Utility
Ameron Inc. 0.20% Water Pipes and Towers for Wind Turbines
Applied Materials, Inc. 0.81% Semi Conductor Equipment Manufacturer with Solar Division
Badger Meter, Inc. 1.71% Water (Automatic Meter Reading Technology) Meters
Baldor Electric Co. 2.66% Energy Saving Electric Motors
Befesa Medio Ambiente SA-EUR 0.38% (Spain) Water Projects (Desalination), Metal Recycling
Brookfield Asset Management Inc. 3.85% (Canada)Hydroelectric, Wind Power and Real Estate Assets
Canadian Hydro Developers, Inc. 0.89% (Canada) Hydroelectric and Wind Energy
Commercial Metals Co. 0.64% Recycled Steel
Compagnie de Saint-Gobain 2.64% (France) Glass, Including Low-E Glass for Energy Efficiency
Companhia de Saneamento (ADR) 3.02% (Brazil) Water Utility
Denso Corp. 0.58% (Japan) Auto Parts Manufacturer with interest in Fuel Efficiency and Hybrid Cars
Eaga PLC ORD 0.07% (United Kingdom) Residential Energy conservation (Warm Homes Program)
EDF Energies Nouvelles SA 3.95% (France) International Wind Power Project Developer
EDP Renovaveis, SA Oveido 0.88% (Portugal) International Renewable Power Generation (Mostly Wind)
Electrificaciones Del Nort E ORD 0.48% (Spain) Wind & Solar Projects, Electric Transmission
FuelCell Energy, Inc. 0.06% Molten Carbonate & Solid Oxide Fuel Cells (Primarily Commercial)
Gamesa Corporation Technologica 4.98% (Spain) Wind Turbine Manufacturer
Gorman Rupp Co. 0.67% Industrial Water Pumps for Fresh Water & for Sewage Treatment
Hafslund ASA-A 1.00% (Norway) Hydropower, District Heating/Renewable Energy Ventures
Hansen Transmissions 0.32% (Belgium) Transmissions & Gearboxes for Wind Turbines
Hyflux Ltd. 0.37% (Singapore) Water Purification in China & S.E. Asia
Iberdrola Renovables SA 4.19% (Spain) International Renewable Energy Power Generation (Wind, Hydro & Solar)
Itron 0.50% Automated Metering for Electricity, Water and Natural Gas
Johnson Controls, Inc. 2.91% Batteries (Lithium-ion) for Hybrids: Building Controls, Auto Parts
Koninklijke Phillips Electronics N.V. 3.14% (Netherlands) Lighting (LED's, Compact Fluorescent) Electronics & Healthcare
Kyocera Corp. (ADR) 0.79% (Japan) Semiconductors & #3 Solar Cell Manufacturer
Matsushita 0.11% (Japan) (Panasonic) Consumer & Commercial Electronics (Battery for Hybrid Cars)
NGK Insulators Ltd. 0.10% (Japan) Large Battery used by Windpower Generators
Nordex AG, Rostock-EUR 2.46% (Germany) Wind Turbine Manufacturer
Northwest Natural Gas 2.34% Natural Gas Distribution - with Energy & Conservation Programs
Ocean Power Technologies, Inc. 0.05% (United Kingdom) Wave Energy Device
Orkla-Borregaard AS, Inc. 2.60% (Norway) Solar Silicon (Elkem Solar, REC Group) and other Diversified Holdings
Ormat Technologies, Inc. 3.32% Geothermal Energy
Owens Corning 1.92% Insulation
Pennon Group PLC 0.32% (United Kingdom) Water Utility
Q-Cells AG 3.43% (Germany) Second Largest Solar Cell Manufacturer
Renewable Energy Corp. AS 2.41% (Norway) Produces Silicon for Solar Cells
Renewable Energy Holdings PLC 0.06% (United Kingdom) Wind Projects and Ocean Energy Technology
Schneider Electric SA 3.65% (France) Electric Energy Efficient Technology in Buildings and Industry
Sharp Corp. Ltd. (ADR) 0.96% (Japan) Consumer Goods & Largest Solar Cell Manufacturer
Sims Group Ltd. 1.01% (Australia) Metal Recycling
Solar Millenium, AG 2.67% (Germany) Solar Thermal Projects
Solarworld AG 1.21% (Germany) Solar Energy
Solon, AG Fuer Solartechnick 0.47% (Germany) Solar Energy
South Jersey Industries 3.79% Natural Gas Distribution/Cogeneration and Landfill Gas Projects
Stantec, Inc. 0.44% (Canada) Engineering, Architecture, Environmental Consulting
Telvent GIT SA 0.65% (Spain) Information Technology (Including Solar Thermal Project)
TrustPower Ltd. 0.96% (New Zealand) Wind & Hydro in New Zealand
Vestas Wind Systems 5.09% (Denmark) Wind Turbine Manufacturer
Waterfurnace Renewable Energy 0.54% (Canada/US) Small Geothermal Installations (Homes & Business)
Whole Foods Market 0.80% Natural Foods

The larger part of our cash is held in Federal Treasury bills.  We also hold cash in the following banks and credit unions that specialize in community development investment - providing loans for low income housing and small businesses.

Socially Concerned Banks   Location
Alternatives Federal Credit Union   Ithaca, NY
Chittenden Bank   Vermont
Community Capital Bank   Brooklyn, NY
Self-Help Credit Union   North Carolina
South Shore Bank   Chicago, IL


The fund's holdings are subject to change.







 

This website should not be considered a solicitation to buy or an offer to sell shares of the Fund in any jurisdiction where it would be unlawful under the securities law of that jurisdiction.