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AAIYX Alger Mid Cap Focus I

  • Fund
  • AAIYX
  • Price as of: Oct 25, 2017
  • $11.06
  • - $2.29
  • - 17.15%
  • Category
  • Large Cap Value Equities

AAIYX - Profile

Vitals

  • YTD Return -3.1%
  • 3 Yr Annualized Return 3.9%
  • 5 Yr Annualized Return 9.5%
  • Net Assets $9.48 M
  • Holdings in Top 10 28.9%

52 WEEK LOW AND HIGH

$11.06
$11.06
$13.41

Expenses

OPERATING RELATED FEES

  • Expense Ratio 2.59%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 111.74%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$0

IRA

N/A

Investment Themes

CATEGORY

Large Cap Value Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Mid-Cap Growth

Distributions

  • YTD Total Return -3.1%
  • 3 Yr Annualized Total Return 3.9%
  • 5 Yr Annualized Total Return 9.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.07%
DIVIDENDS
  • Dividend Yield N/A
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name Alger Mid Cap Focus Fund
  • Fund Family Name Alger
  • Inception Date Sep 24, 2008
  • Shares Outstanding N/A
  • Share Class Inst
  • Currency USD
  • Domiciled Country United States
  • Manager Alex Goldman

Fund Description

The fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of companies that, at the time of purchase of the securities, have total market capitalization within the range of companies included in the Russell Midcap Growth Index or the S&P MidCap 400 Index, as reported by the indexes as of the most recent quarter-end. Both indexes are broad indexes of medium-capitalization stocks. The advisor intends to invest a substantial portion of its assets in a small number of issuers, and may focus its portfolio in fewer business sectors or industries.

AAIYX - Performance

Return Ranking - Trailing

Period AAIYX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -3.1% -83.3% 34.9% 89.51% 5
1 Yr 13.1% -47.2% 35.5% 86.86% 5
3 Yr 3.9% * -15.3% 15.4% 93.34% 5
5 Yr 9.5% * -0.1% 16.3% 92.34% 5
10 Yr 4.9% * -0.5% 9.4% 64.69% 4

* Annualized


Return Ranking - Calendar

Period AAIYX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 -5.1% -40.1% 180.5% 87.88% 5
2015 -8.2% -47.3% 9.6% 32.73% 2
2014 -1.1% -46.4% 35.3% 71.68% 5
2013 23.0% -13.6% 45.0% 66.97% 4
2012 12.0% -22.7% 35.8% 54.39% 4

Total Return Ranking - Trailing

Period AAIYX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -3.1% -83.3% 34.9% 89.59% 5
1 Yr 13.1% -51.7% 110.4% 77.64% 4
3 Yr 3.9% * -11.2% 19.9% 91.32% 5
5 Yr 9.5% * -0.1% 16.3% 89.79% 5
10 Yr 4.9% * -0.1% 9.4% 63.12% 4

* Annualized


Total Return Ranking - Calendar

Period AAIYX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 -5.1% -23.8% 187.5% 93.10% 5
2015 -8.2% -26.0% 39.5% 81.96% 5
2014 -1.1% -14.3% 57.4% 95.89% 5
2013 23.0% 0.0% 289.2% 94.73% 5
2012 12.0% -21.5% 528.1% 90.71% 5

NAV & Total Return History

AAIYX - Holdings

Filings data as of: Jun 30, 2017

Concentration Analysis

AAIYX Category Low Category High AAIYX % Rank Quintile
Net Assets 9.48 M 273 K 95.9 B 37.20% 5
Number of Holdings 50 1 918 13.32% 4
Net Assets in Top 10 2.67 M 0 26.5 B 37.87% 5
Weighting of Top 10 28.9% 0.0% 100.1% 19.03% 3

Top 10 Holdings

  1. VCA Inc 3.41%
  2. Crown Castle International Corp 2.87%
  3. Medidata Solutions Inc 4.02%
  4. Newell Brands Inc 2.63%
  5. Allison Transmission Holdings Inc 2.58%
  6. MarketAxess Holdings Inc 3.04%
  7. Performance Food Group Co 2.70%
  8. Electronic Arts Inc 2.56%
  9. PVH Corp 2.66%
  10. Intercontinental Exchange Inc 2.41%

Asset Allocation

Weighting Category Low Category High AAIYX % Rank Quintile
Stocks
88.77% 0.00% 135.92% 26.93% 5
Cash
11.24% -35.92% 100.00% 2.76% 1
Preferred Stocks
0.00% 0.00% 33.29% 6.28% 5
Other
0.00% -2.38% 31.14% 9.23% 5
Convertible Bonds
0.00% 0.00% 74.22% 2.19% 5
Bonds
0.00% -0.40% 71.05% 5.52% 5

Stock Sector Breakdown

Weighting Category Low Category High AAIYX % Rank Quintile
Technology
21.34% 0.00% 29.75% 2.00% 1
Healthcare
15.96% 0.00% 29.91% 8.01% 2
Industrials
14.62% 0.00% 34.96% 3.43% 1
Consumer Cyclical
11.28% 0.00% 37.53% 7.05% 1
Financial Services
7.16% 0.00% 42.29% 33.17% 5
Basic Materials
6.34% 0.00% 19.17% 4.29% 1
Consumer Defense
5.33% 0.00% 33.41% 24.21% 4
Communication Services
2.87% 0.00% 13.84% 17.92% 3
Real Estate
2.01% -0.32% 21.79% 14.68% 3
Energy
1.85% 0.00% 19.94% 32.03% 5
Utilities
0.00% -0.19% 82.22% 26.98% 5

Stock Geographic Breakdown

Weighting Category Low Category High AAIYX % Rank Quintile
US
83.11% 0.00% 134.62% 28.07% 5
Non US
5.66% 0.00% 97.41% 17.13% 3

AAIYX - Expenses

Operational Fees

AAIYX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 2.59% 0.05% 21.67% 3.33% 5
Management Fee 0.75% 0.00% 1.20% 2.38% 5
12b-1 Fee 0.25% 0.00% 1.00% 2.17% 3
Administrative Fee 0.03% 0.00% 0.50% 5.87% 1

Sales Fees

AAIYX Fees (% of AUM) Category Low Category High AAIYX Rank Quintile
Front Load N/A 1.00% 5.75% N/A N/A
Deferred Load N/A 1.00% 5.50% N/A N/A

Trading Fees

AAIYX Fees (% of AUM) Category Low Category High AAIYX Rank Quintile
Max Redemption Fee N/A 0.50% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

AAIYX Fees (% of AUM) Category Low Category High AAIYX Rank Quintile
Turnover 111.74% 0.00% 229.00% 2.19% 5

AAIYX - Distributions

Dividend Yield Analysis

AAIYX Category Low Category High AAIYX % Rank Quintile
Dividend Yield N/A 0.00% 3.76% N/A N/A

Dividend Distribution Analysis

AAIYX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Monthly Annually

Net Income Ratio Analysis

AAIYX Category Low Category High AAIYX % Rank Quintile
Net Income Ratio -0.07% -2.34% 4.47% 26.07% 5

Capital Gain Distribution Analysis

AAIYX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

AAIYX - Managers

Alex Goldman

Manager

Start Date

Dec 30, 2015

Tenure

1.75

Tenure Rank

14.2%

Alex Goldman is Senior Vice President, Senior Analyst covering the industrials sector, and Portfolio Manager of the Alger Mid Cap Focus as well as Alger Mid Cap Growth strategies. He joined Alger in 2011 and has 18 years of investment experience, most recently as a research analyst at CastleRock Management. He has also served in various roles at Morgan Stanley in the Equity Financing Services, Risk Management Group, and Sell-Side Research Department. Alex earned his B.S. from Columbia University School of Engineering and Applied Science and his M.B.A. from Columbia University School of Business.


Tenure Analysis

Category Low

0.0

Category High

39.1

Category Average

7.16

Category Mode

2.8