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Company Overview
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Strategy
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Alternative Energy

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12/31/09


Name of StockPercent of TotalBrief Description
Abengoa SA 5.20% (Spain) Biomass (Ethanol Cellosic Project), Solar Projects, Aluminum Recycling
Acciona SA 4.65% (Spain) Construction; Wind, Small Hydro, & Solar Thermal
American Water Works Co. 4.99% Largest U.S. Water Utility
Aqua America, Inc. 4.68% Water Utility
Atmos Energy 4.45% Natural Gas Distribution Utility
Badger Meter, Inc. 0.43% Water (Automatic Meter Reading Technology) Meters
Befesa Medio Ambiente SA-EUR 0.23% (Spain) Water Projects (Desalination), Metal Recycling
Brookfield Asset Management Inc. 1.98% (Canada) Hydroelectric, Wind Power and Real Estate Assets
Companhia de Saneamento (ADR) 4.53% (Brazil) Water Utility
Eaga PLC ORD 0.23% (United Kingdom) Residential Energy conservation (Warm Homes Program)
EDF Energies Nouvelles SA 4.60% (France) International Wind Power Project Developer, Ocean Energy
EDP Renovaveis, SA Oveido 4.91% (Spain) International Renewable Power Generation (Mostly Wind), Ocean Energy
Elecnor SA 0.58% (Spain) Wind & Solar Projects, Electric Transmission
Gamesa Corporation Technologica 4.52% (Spain) Wind Turbine Manufacturer
Hafslund ASA-A 1.07% (Norway) Hydropower, District Heating/Renewable Energy Ventures
Hyflux Ltd. 0.54% (Singapore) Water Purification in China & S.E. Asia
Iberdrola Renovables SA 4.66% (Spain) International Renewable Energy Power Generation (Wind, Hydro & Solar, Ocean Energy)
ITC Holdings 1.86% Electric Transmission Utility - Proposed "Green Power Express" for Wind Power Projects
Itron 0.60% Automated Metering for Electricity, Water and Natural Gas
Koninklijke Phillips Electronics N.V. 2.62% (Netherlands) Lighting (LED's, Compact Fluorescent) Electronics & Healthcare
Kyocera Corp. (ADR) 0.79% (Japan) Semiconductors & #3 Solar Cell Manufacturer
MEMC Electronics 0.61% Silicon for Solar Cells & Semiconductors & SunEdison U.S. Solar Project Developer
NGK Insulators Ltd. 0.39% (Japan) Large Battery used by Windpower Generators
Nordex AG, Rostock-EUR 0.13% (Germany) Wind Turbine Manufacturer
Northwest Natural Gas 4.41% Natural Gas Distribution - with Energy & Conservation Programs
Ormat Technologies, Inc. 4.05% Geothermal Energy
Owens Corning 3.20% Insulation for Energy Efficiency in Buildings
Panasonic Corporation Ltd. 2.56% (Japan) Consumer & Commercial Electronics (Battery for Hybrid Cars)
Quanta Services, Inc. 0.74% Electric Power Transmission & Distribution Construction Services
Schneider Electric SA 5.22% (France) Electric Energy Efficient Technology in Buildings and Industry
Sims Metal Management 0.69% (Australia) Metal Recycling
Solar Millenium, AG 4.52% (Germany) International Solar Thermal Projects
Solarworld, AG 0.59% (Germany) Solar Energy
South Jersey Industries 4.76% Natural Gas Distribution/Cogeneration and Landfill Gas Projects
Stantec, Inc. 0.77% (Canada) Engineering, Architecture, Environmental Consulting
Telvent GIT SA 1.39% (Spain) Information Technology (Including Solar Thermal Project)
TrustPower Ltd. 0.94% (New Zealand) Wind & Hydro in New Zealand
Vestas Wind Systems 4.68% (Denmark) Wind Turbine Manufacturer
Waterfurnace Renewable Energy 0.66% (Canada/US) Small Geothermal Installations (Homes & Business)

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.