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SPECX Alger Spectra A

  • Fund
  • SPECX
  • Price as of: May 23, 2017
  • $19.39
  • + $0.02
  • + 0.10%
  • Category
  • Large Cap Growth Equities

SPECX - Profile

Vitals

  • YTD Return 16.4%
  • 3 Yr Annualized Return 11.3%
  • 5 Yr Annualized Return 13.6%
  • Net Assets $5.35 B
  • Holdings in Top 10 43.2%

52 WEEK LOW AND HIGH

$19.39
$15.65
$19.39

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.31%

SALES FEES

  • Front Load 5.25%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 108.51%

TRADING FEES

  • Max Redemption Fee 2.00%

Min Investment

STANDARD (TAXABLE)

$1,000

IRA

$500

Investment Themes

CATEGORY

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

Distributions

  • YTD Total Return 16.4%
  • 3 Yr Annualized Total Return 9.4%
  • 5 Yr Annualized Total Return 12.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.05%
DIVIDENDS
  • Dividend Yield 0.1%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name Alger Spectra Fund
  • Fund Family Name Alger
  • Inception Date Jul 28, 1969
  • Shares Outstanding N/A
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager Patrick Kelly

Fund Description

The Alger Spectra Fund Class A (SPECX) is an actively managed fund designed to provide aggressive growth of capital. The fund invests in U.S. stocks of any market-cap size that management believes has the best opportunities for growth in the upcoming years. Stocks are picked using Alger’s Positive Dynamic Change requirement as well other screens for profitability and earnings growth.

Given its aggressive growth stance and multi-cap mandate, SPECX makes for a fine satellite position within a diversifed equity portfolio. The fund is managed by Fred Alger Management, Inc.

SPECX - Performance

Return Ranking - Trailing

Period SPECX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 16.4% -97.0% 27.5% 12.78% 1
1 Yr 19.5% -52.0% 75.7% 24.94% 2
3 Yr 11.3% * -15.1% 30.2% 21.57% 2
5 Yr 13.6% * 1.0% 18.3% 18.38% 1
10 Yr 10.4% * 0.0% 12.4% 1.81% 1

* Annualized


Return Ranking - Calendar

Period SPECX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 -2.2% -56.6% 121.2% 55.85% 4
2015 -1.5% -40.3% 11.4% 31.67% 2
2014 -1.3% -30.1% 42.9% 61.57% 4
2013 27.6% -11.8% 56.4% 48.32% 3
2012 15.4% -21.6% 29.1% 33.86% 2

Total Return Ranking - Trailing

Period SPECX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 16.4% -97.0% 27.5% 12.63% 1
1 Yr 13.2% -71.3% 2606.2% 65.39% 4
3 Yr 9.4% * -21.9% 43.7% 49.33% 3
5 Yr 12.4% * -0.2% 18.3% 40.15% 3
10 Yr 9.8% * -0.5% 12.4% 4.39% 1

* Annualized


Total Return Ranking - Calendar

Period SPECX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 -2.2% -56.6% 126.1% 59.35% 4
2015 7.8% -17.8% 28.8% 19.38% 1
2014 15.8% -10.0% 382.6% 23.66% 2
2013 54.2% -2.9% 615.0% 31.46% 2
2012 33.9% -100.0% 357.8% 20.28% 2

NAV & Total Return History

SPECX - Holdings

Filings data as of: Jan 31, 2017

Concentration Analysis

SPECX Category Low Category High SPECX % Rank Quintile
Net Assets 5.35 B 373 K 159 B 3.73% 1
Number of Holdings 124 1 2232 6.04% 2
Net Assets in Top 10 2.21 B 0 39.5 B 3.08% 1
Weighting of Top 10 43.2% 0.0% 150.9% 6.75% 1

Top 10 Holdings

  1. Apple Inc 5.20%
  2. Facebook Inc A 4.60%
  3. Alphabet Inc C 7.16%
  4. Visa Inc Class A 3.78%
  5. Amazon.com Inc 6.07%
  6. Microsoft Corp 5.53%
  7. Honeywell International Inc 3.39%
  8. Broadcom Ltd 2.29%
  9. Comcast Corp Class A 2.77%
  10. UnitedHealth Group Inc 2.38%

Asset Allocation

Weighting Category Low Category High SPECX % Rank Quintile
Stocks
97.65% 0.00% 110.07% 11.25% 3
Cash
1.65% -10.07% 100.00% 13.37% 3
Other
0.70% -1.57% 24.55% 3.92% 1
Preferred Stocks
0.00% 0.00% 7.68% 2.19% 2
Convertible Bonds
0.00% 0.00% 3.34% 0.71% 1
Bonds
0.00% -0.10% 77.26% 3.41% 2

Stock Sector Breakdown

Weighting Category Low Category High SPECX % Rank Quintile
Technology
35.85% -1.29% 52.31% 2.25% 1
Consumer Cyclical
15.36% -2.22% 42.19% 15.68% 3
Healthcare
13.98% -1.03% 96.31% 16.58% 4
Financial Services
8.58% -2.38% 34.92% 20.69% 4
Consumer Defense
6.83% -1.43% 23.86% 13.30% 3
Industrials
6.82% -0.37% 26.15% 20.44% 4
Communication Services
5.01% 0.00% 13.67% 4.18% 1
Basic Materials
2.24% -1.18% 13.41% 13.50% 3
Energy
2.10% -1.24% 16.19% 14.65% 3
Real Estate
0.87% -0.03% 12.80% 10.86% 2
Utilities
0.00% -1.48% 8.22% 7.78% 2

Stock Geographic Breakdown

Weighting Category Low Category High SPECX % Rank Quintile
US
93.85% 0.00% 110.07% 12.40% 3
Non US
3.80% 0.00% 90.52% 15.36% 3

SPECX - Expenses

Operational Fees

SPECX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.31% 0.00% 24.91% 10.74% 3
Management Fee 0.78% 0.00% 1.50% 1.93% 4
12b-1 Fee 0.25% 0.00% 1.00% 1.25% 2
Administrative Fee 0.03% 0.00% 1.00% 4.22% 1

Sales Fees

SPECX Fees (% of AUM) Category Low Category High SPECX Rank Quintile
Front Load 5.25% 1.50% 8.50% 1.97% 2
Deferred Load N/A 1.00% 5.50% N/A N/A

Trading Fees

SPECX Fees (% of AUM) Category Low Category High SPECX Rank Quintile
Max Redemption Fee 2.00% 0.05% 5.00% 1.31% 3

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.

SPECX Fees (% of AUM) Category Low Category High SPECX Rank Quintile
Turnover 108.51% 0.00% 601.00% 3.60% 5

SPECX - Distributions

Dividend Yield Analysis

SPECX Category Low Category High SPECX % Rank Quintile
Dividend Yield 0.1% 0.00% 2.85% 42.28% 3

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

SPECX Category Low Category High SPECX % Rank Quintile
Net Income Ratio -0.05% -7.69% 3.70% 11.19% 3

Capital Gain Distribution Analysis

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

SPECX - Managers

Patrick Kelly

Manager

Start Date

Sep 01, 2004

Tenure

12.67

Tenure Rank

2.9%

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

1.92

Tenure Rank

11.3%

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

49.4

Category Average

7.37

Category Mode

2.3