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AASOX Alger Small Cap Growth I-2

  • Fund
  • AASOX
  • Price as of: Apr 22, 2019
  • $27.87
  • + $0.31
  • + 1.13%
  • Category
  • Small Cap Growth Equities

AASOX - Profile

Vitals

  • YTD Return 19.0%
  • 3 Yr Annualized Return 21.9%
  • 5 Yr Annualized Return 9.9%
  • Net Assets $219 M
  • Holdings in Top 10 29.9%

52 WEEK LOW AND HIGH

$27.87
$21.43
$32.11

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.01%

SALES FEES

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

BROKERAGE FEES

  • Turnover 25.58%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$500,000

IRA

N/A

Investment Themes

CATEGORY

Small Cap Growth Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Small Growth

Distributions

  • YTD Total Return 19.0%
  • 3 Yr Annualized Total Return 21.9%
  • 5 Yr Annualized Total Return 9.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.68%
DIVIDENDS
  • Dividend Yield N/A
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name Alger Small Cap Growth Portfolio
  • Fund Family Name Alger
  • Inception Date Sep 21, 1988
  • Shares Outstanding N/A
  • Share Class Inst
  • Currency USD
  • Domiciled Country United States
  • Manager Amy Y. Zhang

Fund Description

The Portfolio focuses on small, fast-growing companies that Fred Alger Management, Inc. believes offer innovative products, services or technologies to a rapidly expanding marketplace. Under normal circumstances, the Portfolio invests at least 80% of its net assets 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 2000 Growth Index or the MSCI USA Small Cap Index.

AASOX - Performance

Return Ranking - Trailing

Period AASOX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 19.0% -96.9% 28.5% 36.35% 2
1 Yr 16.6% -47.6% 49.1% 11.06% 1
3 Yr 21.9% * -44.5% 32.1% 2.57% 1
5 Yr 9.9% * -32.0% 17.5% 10.93% 1
10 Yr 15.8% * -11.8% 22.1% 2.27% 1

* Annualized


Return Ranking - Calendar

Period AASOX Return Category Return Low Category Return High Rank in Category (%) Quintile
2018 -3.0% -71.6% 28.9% 12.95% 1
2017 28.7% -73.6% 37.0% 5.08% 1
2016 -8.4% -57.2% 35.1% 86.22% 5
2015 -31.2% -70.7% 46.6% 94.43% 5
2014 -8.8% -41.2% 42.1% 62.19% 4

Total Return Ranking - Trailing

Period AASOX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 19.0% -100.0% 28.5% 36.46% 2
1 Yr 16.6% -37.0% 291.3% 9.05% 1
3 Yr 21.9% * -44.5% 166.8% 2.91% 1
5 Yr 9.9% * -29.7% 21.8% 13.40% 1
10 Yr 15.8% * -2.9% 65.1% 55.46% 3

* Annualized


Total Return Ranking - Calendar

Period AASOX Return Category Return Low Category Return High Rank in Category (%) Quintile
2018 -3.0% -71.6% 28.9% 13.34% 1
2017 28.7% -73.6% 37.0% 5.08% 1
2016 -8.4% -49.0% 66.8% 92.16% 5
2015 -31.2% -37.2% 6103.1% 97.72% 5
2014 -8.8% -23.4% 169.2% 92.06% 5

NAV & Total Return History

AASOX - Holdings

Filings data as of: Jan 31, 2019

Concentration Analysis

AASOX Category Low Category High AASOX % Rank Quintile
Net Assets 219 M 412 K 26.1 B 21.57% 4
Number of Holdings 75 1 2530 16.69% 4
Net Assets in Top 10 62.7 M -2.31 M 4.36 B 17.64% 3
Weighting of Top 10 29.9% 0.0% 100.1% 7.40% 1

Top 10 Holdings

  1. Neogen Corp 2.67%
  2. Medidata Solutions Inc 2.97%
  3. Quidel Corp 3.26%
  4. Abiomed Inc 3.72%
  5. Bio-Techne Corp 3.21%
  6. Veeva Systems Inc Class A 4.07%
  7. Take-Two Interactive Software Inc 2.67%
  8. Cantel Medical Corp 2.50%
  9. Vocera Communications Inc 2.41%
  10. Etsy Inc 2.43%

Asset Allocation

Weighting Category Low Category High AASOX % Rank Quintile
Stocks
97.79% 0.00% 113.20% 14.49% 3
Cash
1.69% -2.50% 100.00% 21.10% 4
Other
0.34% -12.59% 7.69% 5.51% 1
Preferred Stocks
0.18% 0.00% 10.15% 1.89% 1
Convertible Bonds
0.00% 0.00% 28.89% 1.26% 5
Bonds
0.00% -28.06% 83.15% 2.05% 5

Stock Sector Breakdown

Weighting Category Low Category High AASOX % Rank Quintile
Technology
44.73% 0.99% 80.95% 1.57% 1
Healthcare
32.74% 1.15% 62.91% 0.94% 1
Consumer Cyclical
10.36% 0.00% 35.58% 29.29% 5
Industrials
2.79% 1.05% 29.02% 37.95% 5
Consumer Defense
2.69% -1.21% 11.55% 23.94% 4
Basic Materials
1.70% 0.00% 18.58% 29.29% 5
Financial Services
1.42% -2.38% 29.04% 36.06% 5
Energy
1.37% 0.00% 11.50% 20.79% 4
Utilities
0.00% -0.44% 5.44% 13.07% 5
Real Estate
0.00% -0.36% 13.63% 27.72% 5
Communication Services
0.00% -0.97% 8.20% 18.43% 5

Stock Geographic Breakdown

Weighting Category Low Category High AASOX % Rank Quintile
US
94.83% 0.00% 100.00% 16.69% 3
Non US
2.96% 0.00% 96.31% 15.28% 3

AASOX - Expenses

Operational Fees

AASOX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.01% 0.06% 27.39% 26.61% 1
Management Fee 0.81% 0.05% 1.59% 4.72% 3
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee 0.03% 0.00% 0.40% 8.22% 1

Sales Fees

AASOX Fees (% of AUM) Category Low Category High AASOX 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

AASOX Fees (% of AUM) Category Low Category High AASOX Rank Quintile
Max Redemption Fee N/A 0.00% 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.

AASOX Fees (% of AUM) Category Low Category High AASOX Rank Quintile
Turnover 25.58% 3.00% 818.00% 21.89% 1

AASOX - Distributions

Dividend Yield Analysis

AASOX Category Low Category High AASOX % Rank Quintile
Dividend Yield N/A 0.00% 2.20% N/A N/A

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

AASOX Category Low Category High AASOX % Rank Quintile
Net Income Ratio -0.68% -3.91% 1.79% 18.11% 3

Capital Gain Distribution Analysis

AASOX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

AASOX - Managers

Amy Y. Zhang

Manager

Start Date

Feb 12, 2015

Tenure

4.13

Tenure Rank

14.0%

Amy Zhang, CFA is Senior Vice President and Portfolio Manager of the Alger Small Cap Focus and Alger Small Cap Growth strategies. She joined Alger in 2015 and has 24 years of investment experience. Prior to joining Alger, Amy worked at Brown Capital Management as a Managing Director and Senior Portfolio Manager of its Brown Capital Small Company Fund. Her previous experience includes working as a Portfolio Manager/Analyst at Epsilon Investment Management, Research Analyst at Templeton Worldwide, and Associate at Citicorp Securities. Amy earned her B.A. from Manhattanville College, where she graduated Summa Cum Laude. She earned her M.B.A. from Columbia Business School, where she was inducted into the Beta Gamma Sigma honor society and named to the Dean’s List. She is also a member of the Columbia Business School Ambassadors Program. Amy is a CFA charterholder and a member of the CFA Institute. She is a former President of the CFA Society Baltimore and is currently chair of their Advisory Board. She also serves as Board of Director, Vice President and Programs Chair for the CFA Society Stamford.


Daniel C. Chung

Manager

Start Date

Jan 11, 2016

Tenure

3.22

Tenure Rank

15.3%

Daniel C. Chung, CFA Chief Executive Officer, Chief Investment Officer, Portfolio Manager Dan Chung, CFA is Chief Executive Officer, Chief Investment Officer and Portfolio Manager of several Alger strategies. Dan joined Alger in 1994 and has 23 years of investment experience. He was named Chief Investment Officer in September 2001, President in 2003, and CEO in 2006. Dan graduated from Stanford University with B.A. and B.S. degrees, with Distinction and Phi Beta Kappa, in 1984. He earned his J.D. magna cum laude from Harvard Law School in 1987, where he was an editor of the Harvard Law Review. After law school, he served as law clerk for the Honorable Justice Anthony M. Kennedy, United States Supreme Court. He joined Simpson Thacher & Bartlett LLP in New York City in 1989 and earned an L.L.M. from New York University. Dan is a CFA charterholder and a member of the CFA Institute. Throughout his tenure at Alger, Dan has made numerous TV appearances on Bloomberg, CNBC, and Fox Business. Dan has also been featured and quoted frequently in Barron’s, Citywire, Forbes, Investment News, Pensions & Investments, USA Today, and the Wall Street Journal.


Tenure Analysis

Category Low

0.0

Category High

46.4

Category Average

7.41

Category Mode

4.3