Fund Strategy and Focus:

Global Energy Demand: The world's appetite for energy continues to grow with each passing day. Population expansion, industrialization, and the proliferation of technology all contribute to surging global energy demand. However, relying solely on traditional fossil fuels to meet this demand poses significant challenges. Fossil fuels not only have finite reserves, but their extraction and consumption also inflict environmental and health consequences. Recognizing these challenges, the Alternative Energy Fund positions itself as a strategic player in addressing the world's growing energy needs.

Environmental Costs of Fossil Fuels:Fossil fuels, such as coal, oil, and natural gas, have powered global economies for centuries. However, they come at a steep environmental cost. Their combustion releases greenhouse gases, contributing to climate change, air pollution, and health issues. Extracting fossil fuels can harm ecosystems, disrupt communities, and pose risks like oil spills. Furthermore, as these resources become scarcer, the expenses associated with their extraction and transportation rise significantly. In this context, the Alternative Energy Fund sees the imperative for transitioning to cleaner, more sustainable energy sources.

Investing in Alternative and Renewable Energy: The fund's core strategy revolves around identifying, investing in, and supporting companies at the forefront of the alternative and renewable energy sector. These companies are pioneers in harnessing the power of sources such as solar, wind, hydroelectric, tidal wave, geothermal, biomass, and biofuels. They represent the future of energy production and distribution. By allocating resources to these innovative enterprises, the Alternative Energy Fund is positioned to benefit from the transition to cleaner energy sources.

Technological Advancements: Beyond direct energy production, the fund recognizes the significance of cutting-edge technology in shaping a sustainable energy landscape. Investments are not limited to energy generation alone; they also extend to companies developing solutions for conserving energy and enhancing its efficiency. These technological advancements include smart grids, energy-efficient appliances, electric vehicle infrastructure, and more. By supporting these innovations, the fund contributes to the overall efficiency and sustainability of energy consumption.

Environmental Responsibility: The fund operates with a deep commitment to environmental responsibility. It aligns its investments with the principles of sustainability and strives to minimize its carbon footprint. By promoting clean energy solutions and efficient energy use, the Alternative Energy Fund aims to mitigate environmental degradation and foster a healthier planet for current and future generations.

In summary, the Alternative Energy Fund's strategy and focus are grounded in the understanding that the world is at a critical juncture concerning energy production and consumption. With a commitment to both financial returns and environmental stewardship, the fund positions itself to not only benefit from the ongoing global shift toward alternative energy but also to be a driving force behind a more sustainable and responsible energy landscape.

Avg. Annualized Total Return	Calendar YTD	1 Year	3 Years	5 Years	10 Years	Inception
Monthly through 08/31/2023	-1.54%	-1.37%	9.21%	14.61%	5.20%	-3.59%
Quarterly through 06/30/2023	8.19%	21.22%	21.55%	16.79%	7.39%	-3.09%

Performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance of the Funds may be lower or higher than the performance quoted. Total returns reflect a fee waiver in effect and in the absence of this waiver, the total returns would be lower.

ALTERNATIVE ENERGY FUND HOLDINGS	(as of 07/31/2023)
Eaton Corp PLC	5.22%
ON Semiconductor Corp	5.03%
Trane Technologies PLC	4.55%
Hubbell Inc	4.50%
Iberdrola SA	4.41%
Schneider Electric SE	4.37%
Legrand SA	4.33%
Infineon Technologies AG	4.33%
Aptiv PLC	3.82%
Samsung SDI Co Ltd	3.82%
First Solar Inc	3.82%
Nextera Energy Inc	3.88%
LG Chem Ltd	3.77%
Itron Inc	3.62%
Sensata Technologies Holding	3.44%
Vestas Wind Systems A/S	3.43%
Ormat Technologies Inc	3.41%
Gentherm Inc	3.12%
Nibe Industrier AB - B Shares	2.90%
Canadian Solar Inc	2.78%
Johnson Matthey PLC	2.76%
Orsted	2.76%
Ameresco Inc	2.28%
Xinyi Solar Holdings Ltd	2.07%
Enphase Energy Inc	1.58%
China Longyuan Power Group Corp Ltd - H Shares	1.51%
Solaredge Technologies Inc	1.47%
.Sunnova Energy International	1.43%
China Suntien Green Energy Corp Ltd - H Shares	1.27%
Installed Building Products	0.8%
TPI Composites Inc	0.21%