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AHSAX Alger Health Sciences A

  • Fund
  • AHSAX
  • Price as of: Aug 20, 2018
  • $29.70
  • + $0.02
  • + 0.07%
  • Category
  • Health & Biotech Equities

AHSAX - Profile

Vitals

  • YTD Return 21.2%
  • 3 Yr Annualized Return 10.4%
  • 5 Yr Annualized Return 17.0%
  • Net Assets $194 M
  • Holdings in Top 10 39.9%

52 WEEK LOW AND HIGH

$29.70
$23.78
$30.44

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.38%

SALES FEES

  • Front Load 5.25%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 106.66%

TRADING FEES

  • Max Redemption Fee 2.00%

Min Investment

STANDARD (TAXABLE)

$1,000

IRA

$500

Investment Themes

CATEGORY

Health & Biotech Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Health

Distributions

  • YTD Total Return 21.2%
  • 3 Yr Annualized Total Return 8.5%
  • 5 Yr Annualized Total Return 15.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.86%
DIVIDENDS
  • Dividend Yield N/A
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name Alger Health Sciences Fund
  • Fund Family Name Alger
  • Inception Date May 01, 2002
  • Shares Outstanding N/A
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager Teresa McRoberts

Fund Description

The fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of companies of any market capitalization that are engaged in the health sciences sector. It can invest in foreign securities.

AHSAX - Performance

Return Ranking - Trailing

Period AHSAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 21.2% -89.5% 23.2% 5.36% 1
1 Yr 25.7% -14.8% 47.9% 4.50% 1
3 Yr 10.4% * -7.5% 17.2% 13.89% 1
5 Yr 17.0% * 7.4% 20.8% 7.48% 1
10 Yr 13.0% * 6.1% 18.5% 51.46% 3

* Annualized


Return Ranking - Calendar

Period AHSAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 33.1% -19.5% 43.9% 4.55% 1
2016 -3.3% -29.8% 14.5% 12.73% 1
2015 -13.1% -20.4% 33.7% 91.82% 5
2014 -2.4% -5.8% 48.1% 94.55% 5
2013 14.2% -3.1% 65.2% 90.83% 5

Total Return Ranking - Trailing

Period AHSAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 21.2% -89.5% 23.2% 5.41% 1
1 Yr 19.1% -18.3% 47.9% 20.00% 1
3 Yr 8.5% * -14.2% 17.1% 18.52% 1
5 Yr 15.8% * 6.7% 20.8% 17.76% 1
10 Yr 12.4% * 6.1% 18.5% 58.25% 3

* Annualized


Total Return Ranking - Calendar

Period AHSAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 33.1% -19.5% 43.9% 4.59% 1
2016 -3.3% -25.1% 39.1% 14.68% 1
2015 -13.1% -16.6% 100.0% 96.33% 5
2014 -2.4% -5.8% 79.8% 97.25% 5
2013 14.2% 0.0% 398.7% 97.22% 5

NAV & Total Return History

AHSAX - Holdings

Filings data as of: May 31, 2018

Concentration Analysis

AHSAX Category Low Category High AHSAX % Rank Quintile
Net Assets 194 M 17.2 M 47.9 B 31.25% 5
Number of Holdings 97 28 378 14.29% 3
Net Assets in Top 10 66.8 M 9.84 M 18.6 B 31.25% 5
Weighting of Top 10 39.9% 22.0% 72.8% 18.75% 3

Top 10 Holdings

  1. Bristol-Myers Squibb Company 3.05%
  2. UnitedHealth Group Inc 7.07%
  3. Abiomed Inc 5.70%
  4. Tolero Cdr/Rec 5.18%
  5. Vertex Pharmaceuticals Inc 3.77%
  6. Sarepta Therapeutics Inc 3.93%
  7. Illumina Inc 3.01%
  8. Intuitive Surgical Inc 2.61%
  9. Align Technology Inc 2.88%
  10. Biomarin Pharmaceutical Inc 2.70%

Asset Allocation

Weighting Category Low Category High AHSAX % Rank Quintile
Stocks
92.13% 91.77% 100.47% 34.82% 5
Other
5.18% -2.40% 5.18% 0.89% 1
Preferred Stocks
1.73% 0.00% 2.19% 3.57% 1
Cash
0.95% 0.00% 7.04% 24.11% 4
Convertible Bonds
0.00% 0.00% 0.26% 3.57% 5
Bonds
0.00% 0.00% 4.69% 3.57% 5

Stock Sector Breakdown

Weighting Category Low Category High AHSAX % Rank Quintile
Healthcare
88.41% 11.13% 99.44% 36.61% 5
Technology
0.88% 0.00% 66.03% 23.21% 4
Consumer Cyclical
0.07% 0.00% 8.32% 9.82% 2
Utilities
0.00% 0.00% 0.26% 1.79% 5
Real Estate
0.00% 0.00% 1.12% 2.68% 5
Industrials
0.00% 0.00% 8.36% 8.93% 5
Financial Services
0.00% 0.00% 6.65% 8.04% 5
Energy
0.00% 0.00% 0.08% 1.79% 5
Communication Services
0.00% 0.00% 0.00% 0.89% 5
Consumer Defense
0.00% 0.00% 1.31% 10.71% 5
Basic Materials
0.00% 0.00% 0.52% 2.68% 5

Stock Geographic Breakdown

Weighting Category Low Category High AHSAX % Rank Quintile
US
86.49% 65.77% 99.57% 21.43% 3
Non US
5.64% 0.00% 33.78% 25.00% 4

AHSAX - Expenses

Operational Fees

AHSAX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.38% 0.10% 4.31% 33.93% 3
Management Fee 0.55% 0.09% 1.25% 16.07% 1
12b-1 Fee 0.25% 0.00% 1.00% 8.86% 3
Administrative Fee 0.03% 0.01% 0.40% 18.46% 1

Sales Fees

AHSAX Fees (% of AUM) Category Low Category High AHSAX Rank Quintile
Front Load 5.25% 2.50% 5.75% 11.54% 2
Deferred Load N/A 1.00% 5.00% N/A N/A

Trading Fees

AHSAX Fees (% of AUM) Category Low Category High AHSAX Rank Quintile
Max Redemption Fee 2.00% 0.75% 2.00% 2.27% 5

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.

AHSAX Fees (% of AUM) Category Low Category High AHSAX Rank Quintile
Turnover 106.66% 0.00% 699.00% 5.36% 5

AHSAX - Distributions

Dividend Yield Analysis

AHSAX Category Low Category High AHSAX % Rank Quintile
Dividend Yield N/A 0.01% 0.94% N/A N/A

Dividend Distribution Analysis

AHSAX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Quarterly Annually

Dividend Payout History


Net Income Ratio Analysis

AHSAX Category Low Category High AHSAX % Rank Quintile
Net Income Ratio -0.86% -2.22% 1.46% 57.14% 4

Capital Gain Distribution Analysis

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

AHSAX - Managers

Teresa McRoberts

Manager

Start Date

Feb 12, 2015

Tenure

3.47

Tenure Rank

18.2%

Teresa McRoberts is Senior Vice President, Senior Analyst, and Portfolio Manager. She first joined Alger in 1994. Before rejoining Alger in 2015, Teresa was the portfolio manager at Bienville Health Science Partners, a company she founded. Her previous experience includes health care portfolio manager roles at Galleon Group, Carlyle Blue Wave Partners, and Tribeca Global Management (Citigroup). Prior to that, she returned to Alger in 2001 as Senior Health Care Analyst and Portfolio Manager. Before returning to Alger, she was a portfolio manager and principal at Morgan Stanley. Her prior experience includes working as a health care analyst at Alger, and analyst and corporate finance roles at JP Morgan. Teresa earned her B.A. from Oberlin College and her M.B.A. from Columbia University.


Daniel C. Chung

Manager

Start Date

Oct 01, 2005

Tenure

12.84

Tenure Rank

8.1%

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

20.9

Category Average

9.36

Category Mode

3.6