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ALARX Alger Capital Appreciation Instl I

  • Fund
  • ALARX
  • Price as of: Dec 06, 2016
  • $26.41
  • + $0.05
  • + 0.19%
  • Category
  • Large Cap Growth Equities

ALARX - Profile

Vitals

  • YTD Return -0.3%
  • 3 Yr Annualized Return 8.6%
  • 5 Yr Annualized Return 13.4%
  • Net Assets $3.55 B
  • Holdings in Top 10 41.9%

52 WEEK LOW AND HIGH

$26.41
$22.80
$28.66

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.12%

SALES FEES

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

BROKERAGE FEES

  • Turnover 136.03%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$0

IRA

N/A

Investment Themes

CATEGORY

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

Distributions

  • YTD Total Return -0.3%
  • 3 Yr Annualized Total Return 8.6%
  • 5 Yr Annualized Total Return 13.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.07%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name Alger Capital Appreciation Institutional Fund
  • Fund Family Name Alger
  • Inception Date Nov 08, 1993
  • Shares Outstanding N/A
  • Share Class Inst
  • Currency USD
  • Domiciled Country United States
  • Manager Patrick Kelly

Fund Description

The fund normally invests at least 85% of its net assets, plus any borrowings for investment purposes, in equity securities of companies of any market capitalization that the adviser believes demonstrate promising growth potential. It can invest in foreign securities.

ALARX - Performance

Return Ranking - Trailing

Period ALARX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -0.3% -97.0% 130.0% 69.17% 4
1 Yr -0.1% -52.0% 75.7% 52.78% 3
3 Yr 8.6% * -15.1% 30.2% 12.39% 1
5 Yr 13.4% * 3.7% 17.1% 23.47% 2
10 Yr 9.6% * -0.3% 11.5% 1.65% 1

* Annualized


Return Ranking - Calendar

Period ALARX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -1.3% -52.0% 11.4% 30.38% 2
2014 0.9% -40.3% 19.3% 45.54% 3
2013 19.2% -11.8% 56.4% 76.25% 4
2012 13.0% -21.6% 29.1% 56.18% 3
2011 -4.7% -36.6% 14.5% 60.88% 4

Total Return Ranking - Trailing

Period ALARX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -0.3% -97.0% 135.1% 71.34% 4
1 Yr -0.1% -71.3% 2606.2% 53.70% 3
3 Yr 8.6% * -21.9% 43.7% 17.36% 1
5 Yr 13.4% * 2.5% 17.1% 36.83% 2
10 Yr 9.6% * -0.6% 11.5% 9.57% 1

* Annualized


Total Return Ranking - Calendar

Period ALARX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 6.8% -38.0% 19.0% 23.76% 2
2014 16.7% -17.3% 28.8% 16.39% 1
2013 56.8% -2.9% 382.6% 24.07% 2
2012 36.0% -13.0% 615.0% 17.53% 1
2011 -2.2% -100.0% 67.8% 44.15% 3

NAV & Total Return History

ALARX - Holdings

Filings data as of: Aug 31, 2016

Concentration Analysis

ALARX Category Low Category High ALARX % Rank Quintile
Net Assets 3.55 B 373 K 143 B 6.17% 2
Number of Holdings 114 1 2209 6.88% 2
Net Assets in Top 10 1.55 B 0 36 B 4.43% 1
Weighting of Top 10 41.9% 0.0% 150.9% 7.71% 2

Top 10 Holdings

  1. Apple Inc 4.91%
  2. Facebook Inc A 4.85%
  3. Alphabet Inc C 7.55%
  4. Allergan PLC 2.92%
  5. Visa Inc Class A 3.37%
  6. Amazon.com Inc 5.20%
  7. Honeywell International Inc 3.89%
  8. Microsoft Corp 4.67%
  9. UnitedHealth Group Inc 2.19%
  10. Broadcom Ltd 2.37%

Asset Allocation

Weighting Category Low Category High ALARX % Rank Quintile
Stocks
96.52% 0.00% 110.73% 13.43% 4
Cash
2.91% -10.73% 100.00% 9.64% 2
Other
0.57% -1.57% 24.55% 5.46% 2
Convertible Bonds
0.00% 0.00% 3.55% 0.84% 5
Preferred Stocks
0.00% 0.00% 5.54% 2.70% 5
Bonds
0.00% -0.14% 76.74% 3.60% 5

Stock Sector Breakdown

Weighting Category Low Category High ALARX % Rank Quintile
Technology
34.06% -1.29% 53.81% 3.53% 1
Healthcare
19.19% -1.03% 91.28% 5.59% 1
Consumer Cyclical
13.06% -2.22% 49.24% 21.59% 4
Consumer Defense
9.11% -1.43% 27.63% 9.90% 2
Industrials
8.68% -0.37% 25.68% 18.70% 4
Financial Services
5.12% -2.38% 33.61% 25.96% 5
Communication Services
3.73% 0.00% 12.93% 9.25% 3
Energy
1.79% -1.24% 16.17% 16.26% 3
Basic Materials
1.20% -1.18% 12.25% 16.58% 4
Real Estate
0.58% -0.04% 11.06% 13.05% 3
Utilities
0.00% -0.64% 12.13% 8.61% 5

Stock Geographic Breakdown

Weighting Category Low Category High ALARX % Rank Quintile
US
93.85% 0.00% 110.73% 12.72% 3
Non US
2.67% 0.00% 89.90% 17.48% 3

ALARX - Expenses

Operational Fees

ALARX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.12% 0.00% 24.91% 11.90% 3
Management Fee 0.74% 0.00% 1.50% 2.06% 4
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee 0.03% 0.00% 1.00% 4.00% 1

Sales Fees

ALARX Fees (% of AUM) Category Low Category High ALARX Rank Quintile
Front Load N/A 1.50% 8.50% N/A N/A
Deferred Load N/A 1.00% 5.50% N/A N/A

Trading Fees

ALARX Fees (% of AUM) Category Low Category High ALARX Rank Quintile
Max Redemption Fee N/A 0.05% 5.00% 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.

ALARX Fees (% of AUM) Category Low Category High ALARX Rank Quintile
Turnover 136.03% 0.00% 601.00% 2.44% 5

ALARX - Distributions

Dividend Yield Analysis

ALARX Category Low Category High ALARX % Rank Quintile
Dividend Yield 0.0% 0.00% 2.85% 73.29% 5

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

ALARX Category Low Category High ALARX % Rank Quintile
Net Income Ratio -0.07% -7.69% 3.70% 10.74% 3

Capital Gain Distribution Analysis

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

ALARX - Managers

Patrick Kelly

Manager

Start Date

Sep 30, 2004

Tenure

12.09

Tenure Rank

3.7%

Patrick Kelly is Executive Vice President, Portfolio Manager and Head of Alger Capital Appreciation and Spectra Strategies. He is Portfolio Manager of the Alger Capital Appreciation, Alger Capital Appreciation Focus, Alger Spectra, and Alger Dynamic strategies. He joined Alger in 1999 and has 18 years of investment experience. Previously, Patrick was an investment banking analyst with SG Cowen. He began his career at Alger as a Research Associate and completed Alger’s in-house analyst training program. In early 2001, Patrick was promoted to Associate Analyst and Assistant Vice President, and in September of 2001 he was promoted to Senior Analyst, responsible for the Technology sector. Patrick was named portfolio manager of the Alger Capital Appreciation and Alger Spectra strategies in September 2004, and was named as head of the strategies in 2015. He graduated with honors from Georgetown University. Patrick is a CFA charterholder and a member of the CFA Institute. "


Ankur Crawford

Manager

Start Date

Jun 01, 2015

Tenure

1.42

Tenure Rank

14.0%

Ankur Crawford, Ph.D. is Senior Vice President, Senior Analyst, and Portfolio Manager of the Alger Capital Appreciation, Alger Spectra, and Alger Mid Cap Growth strategies. Ankur joined Alger in September 2004 and has 11 years of investment experience. She began her career at Alger as a Research Associate and completed Alger’s in-house analyst training program. Over the next several years, Ankur was promoted to Associate Analyst, Analyst, and then ultimately to Senior Analyst. Ankur also became a portfolio manager to the Alger Mid Cap Growth strategies in 2010. In 2015, Ankur was named a portfolio manager of the Alger Capital Appreciation and Alger Spectra strategies. Prior to joining Alger, she earned a Ph.D. in Materials Science and Engineering from Stanford University. Ankur was an awardee of the prestigious Intel Corporation Ph.D. Fellowship Program and worked as an engineer with Intel. Previously, she was a summer analyst with Merrill Lynch. She graduated from the University of California, Berkeley, with a B.S. in Mechanical Engineering and a B.S. in Materials Science and Engineering.


Tenure Analysis

Category Low

0.0

Category High

48.9

Category Average

7.16

Category Mode

4.8