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ALARX Alger Capital Appreciation Instl I

  • Fund
  • ALARX
  • Price as of: Sep 18, 2018
  • $37.76
  • + $0.32
  • + 0.86%
  • Category
  • Large Cap Growth Equities

ALARX - Profile

Vitals

  • YTD Return 16.5%
  • 3 Yr Annualized Return 17.3%
  • 5 Yr Annualized Return 16.7%
  • Net Assets $3.92 B
  • Holdings in Top 10 48.5%

52 WEEK LOW AND HIGH

$37.76
$31.87
$38.10

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.14%

SALES FEES

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

BROKERAGE FEES

  • Turnover 66.72%

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 16.5%
  • 3 Yr Annualized Total Return 17.3%
  • 5 Yr Annualized Total Return 16.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.01%
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.

ALARX - Performance

Return Ranking - Trailing

Period ALARX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 16.5% -100.0% 595.4% 21.45% 2
1 Yr 24.6% -52.0% 75.7% 33.31% 2
3 Yr 17.3% * -15.1% 30.2% 28.44% 2
5 Yr 16.7% * -4.4% 19.9% 19.62% 1
10 Yr 12.5% * 2.9% 15.6% 15.90% 1

* Annualized


Return Ranking - Calendar

Period ALARX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 22.8% -52.0% 104.4% 19.74% 1
2016 -0.3% -56.6% 121.2% 42.39% 3
2015 -1.3% -41.2% 42.9% 35.19% 2
2014 0.9% -30.1% 45.5% 52.34% 3
2013 19.2% -13.0% 56.4% 73.33% 4

Total Return Ranking - Trailing

Period ALARX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 16.5% -100.0% 595.4% 21.32% 2
1 Yr 24.6% -71.3% 2606.2% 27.34% 2
3 Yr 17.3% * -21.9% 43.7% 24.40% 2
5 Yr 16.7% * -5.5% 19.9% 17.73% 1
10 Yr 12.5% * 2.3% 15.6% 15.82% 1

* Annualized


Total Return Ranking - Calendar

Period ALARX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 22.8% -43.6% 104.4% 19.77% 1
2016 -0.3% -56.6% 126.1% 50.92% 3
2015 6.8% -41.2% 382.6% 31.92% 2
2014 16.7% -10.0% 615.0% 22.06% 2
2013 56.8% -100.0% 357.8% 20.68% 2

NAV & Total Return History

ALARX - Holdings

Filings data as of: Jun 30, 2018

Concentration Analysis

ALARX Category Low Category High ALARX % Rank Quintile
Net Assets 3.92 B 373 K 194 B 6.56% 2
Number of Holdings 79 1 2024 9.19% 2
Net Assets in Top 10 1.81 B 0 57.1 B 5.14% 2
Weighting of Top 10 48.5% 0.0% 150.9% 5.53% 1

Top 10 Holdings

  1. Apple Inc 3.40%
  2. Facebook Inc A 4.99%
  3. Alphabet Inc Class C 4.57%
  4. Visa Inc Class A 4.88%
  5. Amazon.com Inc 9.56%
  6. Microsoft Corp 7.84%
  7. UnitedHealth Group Inc 4.34%
  8. Salesforce.com Inc 3.49%
  9. The Home Depot Inc 2.95%
  10. Broadcom Inc 2.43%

Asset Allocation

Weighting Category Low Category High ALARX % Rank Quintile
Stocks
95.80% 0.00% 105.74% 16.84% 4
Cash
3.95% -5.74% 100.00% 6.11% 1
Preferred Stocks
0.25% 0.00% 9.84% 3.02% 1
Other
0.00% -1.57% 24.55% 5.53% 5
Convertible Bonds
0.00% 0.00% 3.20% 1.16% 5
Bonds
0.00% 0.00% 75.51% 3.53% 5

Stock Sector Breakdown

Weighting Category Low Category High ALARX % Rank Quintile
Technology
34.57% -1.29% 54.80% 7.33% 2
Consumer Cyclical
18.82% -2.22% 33.11% 8.87% 2
Healthcare
13.17% -1.03% 98.34% 17.99% 4
Financial Services
12.88% -2.38% 39.25% 15.42% 3
Industrials
8.90% -0.37% 25.62% 18.32% 4
Basic Materials
4.13% -1.18% 17.02% 5.98% 1
Real Estate
1.06% -0.04% 11.06% 11.18% 2
Energy
0.89% -1.24% 16.18% 19.86% 4
Communication Services
0.77% 0.00% 13.03% 16.26% 4
Consumer Defense
0.58% -1.43% 20.13% 25.39% 5
Utilities
0.00% -0.18% 11.43% 9.96% 5

Stock Geographic Breakdown

Weighting Category Low Category High ALARX % Rank Quintile
US
92.80% 0.00% 100.95% 15.62% 3
Non US
3.00% -0.18% 92.05% 18.32% 3

ALARX - Expenses

Operational Fees

ALARX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.14% 0.00% 37.77% 12.16% 3
Management Fee 0.74% 0.00% 1.44% 2.19% 4
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee 0.03% 0.00% 1.01% 4.09% 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 66.72% 0.00% 610.00% 6.50% 4

ALARX - Distributions

Dividend Yield Analysis

ALARX Category Low Category High ALARX % Rank Quintile
Dividend Yield 0.0% 0.00% 2.83% 72.96% 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 0.01% -13.37% 3.70% 10.75% 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

13.93

Tenure Rank

2.9%

Patrick Kelly, CFA Executive Vice President, Portfolio Manager, Head of Alger Capital Appreciation and Spectra Strategies Patrick Kelly, CFA 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, and Alger Spectra strategies. He joined Alger in 1999 and has 20 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

3.25

Tenure Rank

11.1%

Dr. Ankur M. Crawford Senior Vice President, Portfolio Manager Dr. Ankur Crawford is Senior Vice President and Portfolio Manager of the Alger Capital Appreciation, Alger Capital Appreciation Focus, Alger Spectra, and Alger 25 strategies. Dr. Crawford joined Alger in September 2004 and has 13 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, Dr. Crawford was promoted to Associate Analyst, Analyst, and then ultimately to Senior Analyst. Dr. Crawford also became a portfolio manager to the Alger Mid Cap Growth strategies in 2010. Additionally, she was Head of the Technology sector team from January 2013 – April 2016. 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. Dr. Crawford 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

50.6

Category Average

7.66

Category Mode

3.6