Alger Capital Appreciation Instl R
- ACARX
- Price as of: Mar 02, 2021
-
$36.14
N/A N/A
- Primary Theme
- U.S. Large-Cap Growth Equity
- Fund Company
- Alger
- Share Class
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
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
-
Primary Theme
U.S. Large-Cap Growth Equity
- Fund Type Open End Mutual Fund
- Investment Style Large Growth
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%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annually
Fund Details
-
Legal NameAlger Capital Appreciation Institutional Fund
-
Fund Family NameAlger
-
Inception DateJan 27, 2003
-
Shares OutstandingN/A
-
Share ClassRetirement
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerPatrick 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
- Amazon.com Inc 8.82%
- Microsoft Corp 7.57%
- Apple Inc 7.38%
- Visa Inc Class A 4.99%
- Alibaba Group Holding Ltd ADR 4.99%
- Adobe Inc 3.70%
- Alphabet Inc Class C 3.43%
- Facebook Inc A 3.30%
- Fidelity National Information Services Inc 3.29%
- 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 |
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 |