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AAMOX Alger SMid Cap Focus I-2

  • Fund
  • AAMOX
  • Price as of: Apr 22, 2019
  • $2.48
  • + $0.02
  • + 0.81%
  • Category
  • Mid Cap Growth Equities

AAMOX - Profile

Vitals

  • YTD Return 30.5%
  • 3 Yr Annualized Return 23.6%
  • 5 Yr Annualized Return 12.9%
  • Net Assets $1.37 M
  • Holdings in Top 10 45.2%

52 WEEK LOW AND HIGH

$2.48
$1.76
$2.97

Expenses

OPERATING RELATED FEES

  • Expense Ratio 3.33%

SALES FEES

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

BROKERAGE FEES

  • Turnover 55.80%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$500,000

IRA

N/A

Investment Themes

CATEGORY

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

Distributions

  • YTD Total Return 30.5%
  • 3 Yr Annualized Total Return 23.6%
  • 5 Yr Annualized Total Return 12.9%
  • Capital Gain Distribution Frequency None
  • Net Income Ratio -0.82%
DIVIDENDS
  • Dividend Yield N/A
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name Alger SMid Cap Focus Portfolio
  • Fund Family Name Alger
  • Inception Date Jan 02, 2008
  • Shares Outstanding N/A
  • Share Class Inst
  • Currency USD
  • Domiciled Country United States
  • Manager H. George Dai

Fund Description

Under normal circumstances, the portfolio invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of small-cap and mid-cap companies. Small-cap or mid-cap companies are companies that, at the time of purchase, have total market capitalization within the range of companies included in the Russell 2500 Growth Index or the Russell Midcap Growth Index.

AAMOX - Performance

Return Ranking - Trailing

Period AAMOX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 30.5% -98.2% 33.0% 0.75% 1
1 Yr 22.6% -44.0% 969.1% 3.29% 1
3 Yr 23.6% * -25.2% 102.5% 1.27% 1
5 Yr 12.9% * -29.3% 17.6% 3.79% 1
10 Yr 17.3% * -10.1% 21.3% 1.62% 1

* Annualized


Return Ranking - Calendar

Period AAMOX Return Category Return Low Category Return High Rank in Category (%) Quintile
2018 -16.3% -70.5% 879.9% 55.12% 3
2017 24.7% -39.3% 158.6% 8.35% 1
2016 -61.7% -61.7% 31.3% 97.24% 5
2015 -36.7% -82.5% 35.0% 95.42% 5
2014 -23.5% -29.3% 51.7% 97.97% 5

Total Return Ranking - Trailing

Period AAMOX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 30.5% -100.0% 33.0% 0.76% 1
1 Yr 22.6% -44.0% 969.1% 3.15% 1
3 Yr 23.6% * -21.0% 102.5% 1.27% 1
5 Yr 12.9% * -14.9% 44.7% 5.93% 1
10 Yr 17.3% * 0.4% 86.2% 55.61% 3

* Annualized


Total Return Ranking - Calendar

Period AAMOX Return Category Return Low Category Return High Rank in Category (%) Quintile
2018 -16.3% -98.2% 879.9% 55.38% 3
2017 24.7% -38.9% 158.6% 8.52% 1
2016 -61.7% -61.7% 62.9% 97.56% 5
2015 -36.7% -43.1% 561.9% 97.38% 5
2014 -23.5% -23.5% 334.3% 98.65% 5

NAV & Total Return History

AAMOX - Holdings

Filings data as of: Jan 31, 2019

Concentration Analysis

AAMOX Category Low Category High AAMOX % Rank Quintile
Net Assets 1.37 M 281 K 31.6 B 39.67% 5
Number of Holdings 52 3 2233 14.71% 5
Net Assets in Top 10 538 K 84.9 K 6.08 B 39.23% 5
Weighting of Top 10 45.2% 6.7% 100.0% 4.61% 1

Top 10 Holdings

  1. FirstService Corp 6.21%
  2. Stamps.com Inc 4.20%
  3. Insulet Corp 4.62%
  4. Paylocity Holding Corp 4.01%
  5. Wayfair Inc Class A 5.28%
  6. Chegg Inc 6.05%
  7. Everbridge Inc 4.01%
  8. The Trade Desk Inc A 3.75%
  9. Heico Corp 3.55%
  10. Canada Goose Holdings Inc 3.48%

Asset Allocation

Weighting Category Low Category High AAMOX % Rank Quintile
Stocks
96.35% 5.68% 128.37% 21.40% 4
Cash
1.89% -28.36% 90.76% 18.13% 3
Preferred Stocks
1.76% 0.00% 8.95% 0.45% 1
Other
0.00% -10.78% 79.22% 8.02% 5
Convertible Bonds
0.00% 0.00% 8.41% 0.89% 5
Bonds
0.00% 0.00% 60.37% 2.23% 5

Stock Sector Breakdown

Weighting Category Low Category High AAMOX % Rank Quintile
Technology
34.42% 0.00% 64.91% 3.27% 1
Healthcare
17.51% 0.00% 36.62% 7.73% 2
Industrials
12.70% 0.00% 38.72% 28.08% 4
Consumer Cyclical
11.30% 0.00% 47.93% 29.42% 5
Consumer Defense
8.36% 0.00% 22.39% 4.16% 1
Real Estate
6.21% 0.00% 41.91% 6.39% 1
Financial Services
4.78% 0.00% 42.38% 30.91% 5
Energy
0.96% 0.00% 14.34% 22.59% 4
Communication Services
0.11% 0.00% 18.08% 19.02% 3
Utilities
0.00% 0.00% 11.40% 11.14% 5
Basic Materials
0.00% 0.00% 15.41% 28.23% 5

Stock Geographic Breakdown

Weighting Category Low Category High AAMOX % Rank Quintile
US
86.66% 5.51% 123.87% 30.76% 5
Non US
9.69% 0.00% 41.39% 5.05% 1

AAMOX - Expenses

Operational Fees

AAMOX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 3.33% 0.07% 111.05% 2.83% 5
Management Fee 0.81% 0.06% 1.50% 3.12% 4
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee 0.03% 0.00% 25000.00% 8.08% 1

Sales Fees

AAMOX Fees (% of AUM) Category Low Category High AAMOX Rank Quintile
Front Load N/A 0.00% 5.75% N/A N/A
Deferred Load N/A 1.00% 5.50% N/A N/A

Trading Fees

AAMOX Fees (% of AUM) Category Low Category High AAMOX Rank Quintile
Max Redemption Fee N/A 0.05% 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.

AAMOX Fees (% of AUM) Category Low Category High AAMOX Rank Quintile
Turnover 55.80% 0.00% 495.00% 12.52% 3

AAMOX - Distributions

Dividend Yield Analysis

AAMOX Category Low Category High AAMOX % Rank Quintile
Dividend Yield N/A 0.00% 2.73% N/A N/A

Dividend Distribution Analysis

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

Net Income Ratio Analysis

AAMOX Category Low Category High AAMOX % Rank Quintile
Net Income Ratio -0.82% -2.55% 4.79% 22.95% 4

Capital Gain Distribution Analysis

AAMOX Category Low Category High Capital Mode
Capital Gain Distribution Frequency None Annually Semi-Annually Annually

AAMOX - Managers

H. George Dai

Manager

Start Date

Mar 01, 2017

Tenure

2.08

Tenure Rank

17.3%

George Dai, Ph.D. is Senior Managing Director and Co-Chief Investment Officer of Weatherbie Capital. George is a Portfolio Manager on the Alger SMid Cap Focus Fund, Alger Dynamic Opportunities Fund, and the Weatherbie Specialized Growth Strategy and the Weatherbie Long/Short Strategy. Additionally, George maintains research responsibilities in the diversified business services, healthcare, and technology areas. George joined Weatherbie Capital in March 2001 and has 18 years of investment experience. Prior to joining Weatherbie, he was an equity analyst with 1838 Investment Advisors. George received his MBA from the Wharton School, University of Pennsylvania, (Director’s List), and his Ph.D. in chemistry from Johns Hopkins University. Previously, he earned a B.S. from the University of Science and Technology of China and was a pharmaceutical research scientist at Procter & Gamble. George is a prized Bridge player, and he holds four U.S. patents.


Joshua D. Bennett

Manager

Start Date

Mar 01, 2017

Tenure

2.08

Tenure Rank

17.3%

Josh Bennett, CFA is Senior Managing Director and Director of Research at Weatherbie Capital. Josh is a Portfolio Manager on the Alger SMid Cap Focus Fund and the Alger Dynamic Opportunities Fund, and is a Portfolio Manager on the Weatherbie Specialized Growth Strategy and the Weatherbie Long/Short Strategy. Josh also has research responsibilities in the consumer, industrials, and diversified business services sectors. Josh joined Weatherbie Capital in July 2007 and has 16 years of investment experience. Prior to joining Weatherbie, Josh was an Equity Research Analyst at MFS Investment Management in Boston where he focused on the Aerospace/Defense and Transportation sectors. Josh also has previous experience with Fidelity Investments as a High Yield research associate. Josh received his MBA from the Tuck School of Business at Dartmouth (Edward Tuck Scholar with Distinction) and earned a B.A. in economics (Summa Cum Laude) from Wheaton College (IL). Josh is a CFA charterholder and is a member of both the CFA Society Boston and the CFA Institute. Josh is a Trustee and member of the Investment Committee at Lexington Christian Academy (Lexington, MA), and is also a member of the Investment Committee of Christian Camps & Conferences.


Matthew A. Weatherbie

Manager

Start Date

Mar 01, 2017

Tenure

2.08

Tenure Rank

17.3%

Matt Weatherbie, CFA founded Weatherbie Capital, LLC in November 1995 and is the Chief Executive Officer and Co-Chief Investment Officer of Weatherbie Capital. Matt is a Portfolio Manager on the Alger SMid Cap Focus Fund and the Weatherbie Specialized Growth Strategy. Prior to founding Weatherbie Capital, Matt was Managing Director and the Portfolio Manager of the Putnam Voyager Fund from October 1983 through April 1995 at Putnam Investments. Under his management, Voyager grew from $200 million to over $5 billion in assets. He was also founding Chief Investment Officer of Putnam’s Specialty Growth Equities Group, responsible for all of the firm’s aggressive growth investments, which totaled $13 billion at the time of his departure. Prior to his tenure at Putnam, Matt was a securities analyst and portfolio manager at MFS Investment Management in Boston. Matt graduated from the University of Toronto and received his MBA from Harvard Business School. He is a CFA charterholder and is a member of both the CFA Society (Boston) and the CFA Institute. Matt is a member and past chair of the investment committee of the Museum of Fine Arts, Boston.


Tenure Analysis

Category Low

0.0

Category High

33.1

Category Average

7.91

Category Mode

4.3