ACARX: Alger Capital Appreciation Institutional Fund - MutualFunds.com
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Alger Capital Appreciation Instl R

ACARX - Snapshot

Vitals

  • YTD Return 2.2%
  • 3 Yr Annualized Return 20.5%
  • 5 Yr Annualized Return 21.6%
  • Net Assets $3.95 B
  • Holdings in Top 10 47.7%

52 WEEK LOW AND HIGH

$36.14
$23.24
$41.63

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.58%

SALES FEES

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

BROKERAGE FEES

  • Turnover 83.95%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification


Compare ACARX to Popular U.S. Large-Cap Growth Equity Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$69.49

-1.22%

$256.68 B

0.24%

$0.17

2.89%

0.64%

$323.59

+3.01%

$148.88 B

0.55%

$1.74

1.49%

0.20%

$131.88

-1.39%

$144.79 B

-

$0.00

1.06%

0.17%

$259.73

+2.71%

$143.37 B

0.51%

$1.28

1.13%

0.04%

$16.68

-1.01%

$130.98 B

-

$0.00

-0.48%

0.86%

ACARX - Profile

Distributions

  • YTD Total Return 2.2%
  • 3 Yr Annualized Total Return 20.5%
  • 5 Yr Annualized Total Return 21.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.80%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Alger Capital Appreciation Institutional Fund
  • Fund Family Name
    Alger
  • Inception Date
    Jan 27, 2003
  • Shares Outstanding
    N/A
  • Share Class
    Retirement
  • 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.


ACARX - Performance

Return Ranking - Trailing

Period ACARX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.2% -3.1% 49.1% 47.98%
1 Yr 46.1% -9.0% 131.7% 32.89%
3 Yr 20.5%* -1.2% 45.9% 36.60%
5 Yr 21.6%* -2.1% 45.4% 38.40%
10 Yr 15.5%* 6.9% 23.9% 34.62%

* Annualized

Return Ranking - Calendar

Period ACARX Return Category Return Low Category Return High Rank in Category (%)
2020 17.2% -67.0% 145.0% 74.01%
2019 18.1% -28.8% 76.0% 81.61%
2018 -13.3% -64.5% 19.1% 61.21%
2017 21.4% -68.7% 64.3% 38.86%
2016 -0.8% -56.6% 15.3% 54.65%

Total Return Ranking - Trailing

Period ACARX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.2% -2.3% 49.1% 48.72%
1 Yr 46.1% -9.0% 131.7% 29.84%
3 Yr 20.5%* -3.1% 45.9% 33.33%
5 Yr 21.6%* -3.3% 45.4% 35.70%
10 Yr 15.5%* 6.9% 23.9% 33.77%

* Annualized

Total Return Ranking - Calendar

Period ACARX Return Category Return Low Category Return High Rank in Category (%)
2020 17.2% -67.0% 145.0% 74.01%
2019 18.1% -28.8% 76.0% 81.77%
2018 -13.3% -64.5% 29.5% 74.61%
2017 30.6% -24.8% 64.3% 24.13%
2016 0.0% -56.6% 17.1% 69.20%

NAV & Total Return History


ACARX - Holdings

Concentration Analysis

ACARX Category Low Category High ACARX % Rank
Net Assets 3.95 B 10.3 K 253 B 34.38%
Number of Holdings 89 1 2486 30.17%
Net Assets in Top 10 1.92 B 213 K 96.2 B 32.82%
Weighting of Top 10 47.69% 10.4% 100.0% 27.42%

Top 10 Holdings

  1. Amazon.com Inc 8.82%
  2. Microsoft Corp 7.57%
  3. Apple Inc 7.38%
  4. Visa Inc Class A 4.99%
  5. Alibaba Group Holding Ltd ADR 4.99%
  6. Adobe Inc 3.70%
  7. Alphabet Inc Class C 3.43%
  8. Facebook Inc A 3.30%
  9. Fidelity National Information Services Inc 3.29%
  10. T-Mobile US Inc 2.96%

Asset Allocation

Weighting Return Low Return High ACARX % Rank
Stocks
98.85% 51.91% 142.50% 44.79%
Cash
1.07% -42.50% 48.09% 49.23%
Other
0.08% -5.20% 21.26% 24.87%
Preferred Stocks
0.00% 0.00% 5.09% 17.95%
Convertible Bonds
0.00% 0.00% 15.24% 9.93%
Bonds
0.00% -0.67% 31.29% 15.10%

Stock Sector Breakdown

Weighting Return Low Return High ACARX % Rank
Technology
38.87% 0.00% 88.27% 28.18%
Consumer Cyclical
20.76% 0.00% 38.89% 8.90%
Communication Services
12.92% 0.00% 68.14% 49.01%
Financial Services
10.83% 0.00% 41.22% 50.55%
Healthcare
7.84% 0.00% 61.09% 89.11%
Industrials
5.26% 0.00% 30.46% 50.55%
Basic Materials
1.55% 0.00% 19.40% 40.10%
Consumer Defense
1.18% 0.00% 19.50% 82.41%
Real Estate
0.80% 0.00% 22.68% 47.68%
Utilities
0.00% 0.00% 10.98% 37.90%
Energy
0.00% 0.00% 14.46% 39.15%

Stock Geographic Breakdown

Weighting Return Low Return High ACARX % Rank
US
91.29% 11.18% 140.12% 66.08%
Non US
7.56% 0.00% 82.96% 27.15%

ACARX - Expenses

Operational Fees

ACARX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.58% 0.01% 23.28% 20.53%
Management Fee 0.74% 0.00% 1.50% 75.86%
12b-1 Fee 0.50% 0.00% 1.00% 64.31%
Administrative Fee 0.03% 0.01% 1.02% 2.42%

Sales Fees

ACARX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 8.50% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

ACARX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 5.00% N/A

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.

ACARX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 83.95% 0.00% 358.00% 82.78%

ACARX - Distributions

Dividend Yield Analysis

ACARX Category Low Category High ACARX % Rank
Dividend Yield 0.00% 0.00% 5.86% 11.28%

Dividend Distribution Analysis

ACARX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Quarterly Annually

Net Income Ratio Analysis

ACARX Category Low Category High ACARX % Rank
Net Income Ratio -0.80% -56.00% 1.99% 88.17%

Capital Gain Distribution Analysis

ACARX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

ACARX - Fund Manager Analysis

Managers

Patrick Kelly


Start Date

Tenure

Tenure Rank

Sep 30, 2004

16.35

16.4%

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 22 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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 53.12 7.71 1.08