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AASOX Alger Small Cap Growth I-2

  • Fund
  • AASOX
  • Price as of: Jul 12, 2019
  • $31.15 + $0.05 + 0.16%
  • Category
  • Small Cap Growth Equities

AASOX - Profile

Vitals

  • YTD Return 32.9%
  • 3 Yr Annualized Return 15.5%
  • 5 Yr Annualized Return -0.1%
  • Net Assets $225 M
  • Holdings in Top 10 29.6%

52 WEEK LOW AND HIGH

$31.15
$21.43
$32.11

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.01%

SALES FEES

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

BROKERAGE FEES

  • Turnover 25.58%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$500,000

IRA

N/A

Investment Themes

CATEGORY

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

Distributions

  • YTD Total Return 32.9%
  • 3 Yr Annualized Total Return 15.5%
  • 5 Yr Annualized Total Return -0.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.68%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name Alger Small Cap Growth Portfolio
  • Fund Family Name Alger
  • Inception Date Sep 21, 1988
  • Shares Outstanding N/A
  • Share Class Inst
  • Currency USD
  • Domiciled Country United States
  • Manager Amy Y. Zhang

Fund Description

The Portfolio focuses on small, fast-growing companies that Fred Alger Management, Inc. believes offer innovative products, services or technologies to a rapidly expanding marketplace. Under normal circumstances, the Portfolio invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities. It may invest a significant portion of its assets in securities of companies conducting business within a single sector, including the information technology, healthcare, consumer discretionary, and industrials sectors.

AASOX - Performance

Return Ranking - Trailing

Period AASOX Return Category Return Low Category Return High Rank in Category (%)
YTD 32.9% -9.5% 35.4% 4.31%
1 Yr 6.9% -51.0% 14.5% 3.49%
3 Yr 15.5%* -45.1% 27.9% 7.07%
5 Yr -0.1%* -30.8% 18.0% 47.88%
10 Yr 3.9%* -11.7% 17.5% 77.50%

* Annualized


Return Ranking - Calendar

Period AASOX Return Category Return Low Category Return High Rank in Category (%)
2018 -3.0% -54.2% 21.5% 3.30%
2017 28.7% -73.6% 37.0% 6.26%
2016 -8.4% -49.0% 25.7% 96.36%
2015 -31.2% -70.7% 14.9% 97.20%
2014 -8.8% -41.2% 17.3% 58.78%

Total Return Ranking - Trailing

Period AASOX Return Category Return Low Category Return High Rank in Category (%)
YTD 32.9% -9.5% 35.4% 4.31%
1 Yr 6.9% -51.0% 18.6% 7.60%
3 Yr 15.5%* -15.3% 27.9% 23.34%
5 Yr -0.1%* -13.8% 20.8% 80.62%
10 Yr 3.9%* -4.8% 28.3% 91.56%

* Annualized


Total Return Ranking - Calendar

Period AASOX Return Category Return Low Category Return High Rank in Category (%)
2018 -3.0% -54.2% 22.2% 10.52%
2017 28.7% -6.8% 42.0% 10.02%
2016 -8.4% -15.1% 32.0% 99.36%
2015 -31.2% -35.5% 19.3% 99.78%
2014 -8.8% -36.4% 17.3% 83.11%

NAV & Total Return History

AASOX - Holdings

Concentration Analysis

AASOX Category Low Category High AASOX % Rank
Net Assets 225 M 7.34 M 26.8 B 70.84%
Number of Holdings 76 6 2534 78.44%
Net Assets in Top 10 67.1 M 1.08 M 5.19 B 61.19%
Weighting of Top 10 29.62% 5.3% 100.0% 14.37%

Top 10 Holdings

  1. Veeva Systems Inc Class A 4.46%

  2. Medidata Solutions Inc 3.43%

  3. Bio-Techne Corp 3.42%

  4. Quidel Corp 3.26%

  5. Etsy Inc 2.73%

  6. Abiomed Inc 2.67%

  7. Avalara Inc 2.63%

  8. Neogen Corp 2.41%

  9. Tyler Technologies Inc 2.32%

  10. Insulet Corp 2.29%


Asset Allocation

Weighting Return Low Return High AASOX % Rank
Stocks
97.75% 9.32% 112.56% 50.10%
Cash
1.73% -1.08% 18.36% 64.68%
Other
0.36% -11.60% 7.74% 9.86%
Preferred Stocks
0.16% 0.00% 7.84% 7.19%
Convertible Bonds
0.00% 0.00% 0.15% 92.61%
Bonds
0.00% -27.78% 72.03% 92.81%

Stock Sector Breakdown

Weighting Return Low Return High AASOX % Rank
Technology
44.63% 1.04% 80.95% 2.87%
Healthcare
30.45% 1.15% 57.67% 3.08%
Consumer Cyclical
11.82% 0.00% 41.23% 68.79%
Industrials
2.92% 0.00% 32.50% 97.74%
Consumer Defense
2.67% 0.00% 13.11% 77.41%
Basic Materials
1.89% 0.00% 19.48% 81.52%
Energy
1.87% 0.00% 10.57% 40.45%
Financial Services
1.51% -2.38% 29.51% 98.15%
Utilities
0.00% 0.00% 5.58% 94.87%
Real Estate
0.00% 0.00% 14.19% 98.97%
Communication Services
0.00% 0.00% 5.75% 96.92%

Stock Geographic Breakdown

Weighting Return Low Return High AASOX % Rank
US
94.67% 3.32% 100.00% 43.53%
Non US
3.08% 0.00% 96.31% 43.33%

AASOX - Expenses

Operational Fees

AASOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.01% 0.06% 4.84% 77.62%
Management Fee 0.81% 0.05% 1.59% 54.83%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.03% 0.00% 0.40% 9.39%

Sales Fees

AASOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 5.50% 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

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.

AASOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 25.58% 3.00% 818.00% 17.86%

AASOX - Distributions

Dividend Yield Analysis

AASOX Category Low Category High AASOX % Rank
Dividend Yield 0.00% 0.00% 0.02% 92.81%

Dividend Distribution Analysis

AASOX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Annually Annually

Dividend Payout History


Net Income Ratio Analysis

AASOX Category Low Category High AASOX % Rank
Net Income Ratio -0.68% -2.81% 1.79% 59.96%

Capital Gain Distribution Analysis

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

AASOX - Managers

Amy Y. Zhang

Manager

Start Date

Tenure

Tenure Rank

Feb 12, 2015

4.38

4.4%

Amy Zhang, CFA is Senior Vice President and Portfolio Manager of the Alger Small Cap Focus and Alger Small Cap Growth strategies. She joined Alger in 2015 and has 24 years of investment experience. Prior to joining Alger, Amy worked at Brown Capital Management as a Managing Director and Senior Portfolio Manager of its 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. 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. She is also a member of the Columbia Business School Ambassadors Program. Amy is a CFA charterholder and a member of the CFA Institute. She is a former President of the CFA Society Baltimore and is currently chair of their Advisory Board. She also serves as Board of Director, Vice President and Programs Chair for the CFA Society Stamford.


Daniel C. Chung

Manager

Start Date

Tenure

Tenure Rank

Jan 11, 2016

3.47

3.5%

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

1.33

Category High

8.66

Category Average

3.27

Category Mode

1.33