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Trending ETFs

Name

As of 03/15/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$17.29

$145 M

0.00%

1.00%

Vitals

YTD Return

4.6%

1 yr return

19.5%

3 Yr Avg Return

-11.4%

5 Yr Avg Return

4.6%

Net Assets

$145 M

Holdings in Top 10

29.4%

52 WEEK LOW AND HIGH

$17.3
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.00%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 34.38%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$500,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/15/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$17.29

$145 M

0.00%

1.00%

AASOX - Profile

Distributions

  • YTD Total Return 4.6%
  • 3 Yr Annualized Total Return -11.4%
  • 5 Yr Annualized Total Return 4.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.85%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Alger Small Cap Growth Portfolio
  • Fund Family Name
    Alger Family of Funds
  • Inception Date
    Sep 21, 2088
  • Shares Outstanding
    N/A
  • Share Class
    I2
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Amy Zhang

Fund Description

The Manager believes companies undergoing Positive Dynamic Change offer the best investment opportunities. Positive Dynamic Change refers to companies realizing High Unit Volume Growth or companies undergoing Positive Lifecycle Change. High Unit Volume Growth companies are traditional growth companies experiencing, for example, rapidly growing demand or market dominance. Positive Lifecycle Change companies are, for example, companies benefitting from new regulations, a new product innovation or new management.The Portfolio focuses on small, fast-growing companies that the Manager believes offer innovative products, services or technologies to a rapidly-expanding marketplace. The Portfolio normally 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 between (1) the higher of (a) $5 billion or (b) the company in either the Russell 2000 Growth Index or the MSCI USA Small Cap Index (each, an “Index” and together, the “Indexes”) with the highest capitalization, and (2) the company in either Index with the lowest capitalization, at any time during the most recent 12-month period as reported by either Index. Both Indexes are broad-based indexes of small capitalization stocks. At December 31, 2022, the market capitalization of the companies in the Indexes ranged from $6.1 million to $30.3 billion. Because of the Portfolio’s long-term approach to investing, it could have a significant portion of its assets invested in securities of issuers that have appreciated beyond the market capitalization thresholds noted. Equity securities include common or preferred stocks that are listed on U.S. exchanges.The Portfolio may sell a stock when it reaches a target price, it fails to perform as expected, or other opportunities appear more attractive.The Portfolio may invest a significant portion of its assets in securities of companies conducting business within a single sector, as defined by third party sources, including the consumer discretionary, information technology and health care sectors.The Portfolio can invest in foreign securities.The Portfolio invests in cash (and cash equivalents) when the Portfolio is unable to find enough attractive long-term investments to meet its investment objective, to meet redemptions and/or when the Manager believes it is advisable to do so during times of short-term market volatility. During these times, cash (and cash equivalents) will not exceed 15% of the Portfolio’s net assets.
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AASOX - Performance

Return Ranking - Trailing

Period AASOX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.6% -4.2% 16.9% 34.84%
1 Yr 19.5% -1.4% 54.7% 46.85%
3 Yr -11.4%* -23.2% 61.1% 91.77%
5 Yr 4.6%* -3.8% 45.1% 88.78%
10 Yr 1.0%* 0.5% 23.9% 99.50%

* Annualized

Return Ranking - Calendar

Period AASOX Return Category Return Low Category Return High Rank in Category (%)
2023 16.5% -20.5% 54.6% 35.95%
2022 -49.1% -82.1% 32.2% 98.05%
2021 -37.7% -90.6% 300.1% 97.50%
2020 56.1% -63.0% 127.9% 8.87%
2019 22.4% -7.7% 42.9% 47.62%

Total Return Ranking - Trailing

Period AASOX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.6% -4.2% 16.9% 34.84%
1 Yr 19.5% -1.4% 54.7% 46.85%
3 Yr -11.4%* -23.2% 61.1% 91.77%
5 Yr 4.6%* -3.8% 45.1% 88.78%
10 Yr 1.0%* 0.5% 23.9% 99.50%

* Annualized

Total Return Ranking - Calendar

Period AASOX Return Category Return Low Category Return High Rank in Category (%)
2023 16.5% -19.0% 136.8% 47.29%
2022 -38.0% -59.9% 44.3% 92.39%
2021 -6.1% -22.7% 411.9% 95.18%
2020 67.2% 1.5% 150.8% 7.95%
2019 29.3% 5.5% 55.3% 48.19%

NAV & Total Return History


AASOX - Holdings

Concentration Analysis

AASOX Category Low Category High AASOX % Rank
Net Assets 145 M 183 K 28.5 B 77.76%
Number of Holdings 107 7 1188 38.97%
Net Assets in Top 10 46.8 M 57.4 K 2.83 B 72.07%
Weighting of Top 10 29.44% 7.1% 100.1% 29.71%

Top 10 Holdings

  1. MAGNOLIA OIL GAS CORP - A 0.00000000 4.47%
  2. SPS COMMERCE INC 0.00000000 4.37%
  3. MANHATTAN ASSOCIATES INC 0.00000000 4.26%
  4. WINGSTOP INC 0.00000000 3.63%
  5. BIO-TECHNE CORP 0.00000000 2.67%
  6. SHAKE SHACK INC - CLASS A 0.00000000 2.26%
  7. HEICO CORP 0.00000000 2.12%
  8. BALCHEM CORP 0.00000000 1.99%
  9. NEOGEN CORP 0.00000000 1.84%
  10. LIVE NATIONAL ENTERTAINMENT INC 0.00000000 1.83%

Asset Allocation

Weighting Return Low Return High AASOX % Rank
Stocks
98.46% 77.88% 100.82% 37.59%
Cash
1.54% 0.00% 27.66% 61.38%
Preferred Stocks
0.00% 0.00% 4.08% 98.79%
Other
0.00% -0.22% 5.89% 95.17%
Convertible Bonds
0.00% 0.00% 1.57% 98.79%
Bonds
0.00% 0.00% 3.22% 98.79%

Stock Sector Breakdown

Weighting Return Low Return High AASOX % Rank
Healthcare
30.07% 0.00% 47.90% 9.66%
Technology
29.96% 2.91% 75.51% 20.86%
Consumer Cyclical
12.15% 0.00% 24.04% 52.24%
Industrials
7.77% 0.00% 36.64% 95.00%
Communication Services
5.11% 0.00% 15.31% 10.69%
Consumer Defense
4.58% 0.00% 13.56% 37.41%
Energy
4.10% 0.00% 55.49% 27.07%
Basic Materials
3.17% 0.00% 9.24% 33.97%
Financial Services
2.13% 0.00% 42.95% 93.97%
Real Estate
0.96% 0.00% 15.31% 64.48%
Utilities
0.00% 0.00% 5.57% 99.14%

Stock Geographic Breakdown

Weighting Return Low Return High AASOX % Rank
US
98.46% 30.27% 100.82% 33.97%
Non US
0.00% 0.00% 61.74% 99.14%

AASOX - Expenses

Operational Fees

AASOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.00% 0.05% 23.20% 72.88%
Management Fee 0.81% 0.05% 1.62% 56.30%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.03% 0.01% 0.40% 10.84%

Sales Fees

AASOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

AASOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

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 Return Low Category Return High Rank in Category (%)
Turnover 34.38% 3.00% 439.00% 26.93%

AASOX - Distributions

Dividend Yield Analysis

AASOX Category Low Category High AASOX % Rank
Dividend Yield 0.00% 0.00% 7.17% 99.14%

Dividend Distribution Analysis

AASOX Category Low Category High Category Mod
Dividend Distribution Frequency None Annual Quarterly Annual

Net Income Ratio Analysis

AASOX Category Low Category High AASOX % Rank
Net Income Ratio -0.85% -2.47% 1.10% 62.06%

Capital Gain Distribution Analysis

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

Distributions History

View More +

AASOX - Fund Manager Analysis

Managers

Amy Zhang


Start Date

Tenure

Tenure Rank

Feb 12, 2015

7.3

7.3%

Amy Zhang, CFA is Executive Vice President and Portfolio Manager of the Alger Small Cap Focus, Alger Mid Cap Focus, Alger Mid Cap 40 and Alger Small Cap Growth Strategies. She joined Alger in 2015 and has 26 years of investment experience. Additionally, Amy is a member of The Alger Partners Plan. During her tenure at Alger, she has been featured and quoted in a number of publications such as: The Wall Street Journal, Barron’s, The New York Times, Citywire, Investor’s Business Daily, Bloomberg, Business Insider, Investment News, MarketWatch, China Business Network, Xinhua, Forbes, CNBC, and CNN. Prior to joining Alger, Amy worked at Brown Capital Management as a Partner, Managing Director, and Senior Portfolio Manager of its Brown Capital Small Company Strategy, including the 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. She is a former President of the CFA Society Baltimore and is currently chair of their Advisory Board. She served as a member on the Board of Directors, as well as Vice President and Programs Chair for the CFA Society of Stamford. Amy is a board member of the Mulan Club. Amy is also a member of the Board of Trustees of Manhattanville College, where she founded the AYZ STEM scholarship. 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. Amy is a CFA charterholder and a member of the CFA Institute.

Daniel Chung


Start Date

Tenure

Tenure Rank

Jan 11, 2016

6.39

6.4%

Dan Chung, CFA is Chief Executive Officer, Chief Investment Officer and Portfolio Manager of several Alger strategies. Dan joined Alger in 1994 and has 27 years of investment experience. He was named Chief Investment Officer in September 2001, President in 2003, and CEO in 2006. Dan is also a member of The Alger Partners Plan. Throughout his tenure at Alger, he 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, and USA Today. Prior to joining Alger, Dan was an associate at Simpson Thacher & Bartlett LLP in New York City in 1989 while he earned an LL.M. from New York University. 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 graduating, he served as law clerk for the Honorable Justice Anthony M. Kennedy, United States Supreme Court. Dan graduated from Stanford University with B.A. and B.S. degrees, with Distinction and Phi Beta Kappa, in 1984. Dan is also a CFA charterholder and a member of the CFA Institute. Dan currently serves as a board trustee and former chairman of The Nature Conservancy in the State of New York and is a Global Campaign Committee Member of The Nature Conservancy. He is also actively involved with the Stanford in New York Internship Program, and frequently contributes to and supports various charitable organizations including the Harlem Education Activities Fund (HEAF) and Target Margin Theater.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 30.44 9.03 5.25