ACAYX: Alger Capital Appreciation Institutional Fund - MutualFunds.com
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Alger Capital Appreciation Instl Y

ACAYX - Snapshot

Vitals

  • YTD Return -1.0%
  • 3 Yr Annualized Return 21.5%
  • 5 Yr Annualized Return 22.5%
  • Net Assets $3.95 B
  • Holdings in Top 10 47.7%

52 WEEK LOW AND HIGH

$41.57
$27.36
$49.31

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.82%

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) $500,000
  • IRA N/A

Fund Classification

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

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

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Vanguard Growth Index Fund

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$248.24

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Vanguard Growth Index Fund

Fund

$127.90

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-

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Fidelity® Contrafund® Fund

Fund

$16.31

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$130.98 B

-

$0.00

-2.68%

0.86%

ACAYX - Profile

Distributions

  • YTD Total Return -1.0%
  • 3 Yr Annualized Total Return 21.5%
  • 5 Yr Annualized Total Return 22.5%
  • 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
    Feb 28, 2017
  • 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.

ACAYX - Performance

Return Ranking - Trailing

Period ACAYX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.0% -8.8% 34.1% 47.15%
1 Yr 47.3% -9.0% 137.8% 28.49%
3 Yr 21.5%* 1.4% 48.1% 27.42%
5 Yr 22.5%* 1.7% 46.2% 25.56%
10 Yr 16.2%* 1.5% 24.4% 24.12%

* Annualized

Return Ranking - Calendar

Period ACAYX Return Category Return Low Category Return High Rank in Category (%)
2020 21.8% -67.0% 145.0% 60.75%
2019 21.1% -28.8% 76.0% 66.59%
2018 -11.2% -64.5% 19.1% 46.03%
2017 N/A -68.7% 64.3% N/A
2016 N/A -56.6% 15.3% N/A

Total Return Ranking - Trailing

Period ACAYX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.0% -8.8% 34.1% 47.15%
1 Yr 47.3% -9.0% 137.8% 26.81%
3 Yr 21.5%* 0.1% 48.1% 25.67%
5 Yr 22.5%* 0.5% 46.2% 24.32%
10 Yr 16.2%* 0.9% 24.4% 23.08%

* Annualized

Total Return Ranking - Calendar

Period ACAYX Return Category Return Low Category Return High Rank in Category (%)
2020 21.8% -67.0% 145.0% 60.75%
2019 21.1% -28.8% 76.0% 66.75%
2018 -11.2% -64.5% 29.5% 65.25%
2017 N/A -24.8% 64.3% N/A
2016 N/A -56.6% 17.1% N/A

NAV & Total Return History

ACAYX - Holdings

Concentration Analysis

ACAYX Category Low Category High ACAYX % Rank
Net Assets 3.95 B 10.3 K 257 B 33.90%
Number of Holdings 89 1 2573 30.53%
Net Assets in Top 10 1.92 B 221 K 96.2 B 33.36%
Weighting of Top 10 47.69% 11.1% 100.0% 29.86%

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 ACAYX % Rank
Stocks 		98.85% 48.90% 135.93% 53.37%
Cash 		1.07% -35.93% 48.10% 45.17%
Other 		0.08% -2.45% 21.26% 16.86%
Preferred Stocks 		0.00% 0.00% 6.63% 56.39%
Convertible Bonds 		0.00% 0.00% 15.24% 53.05%
Bonds 		0.00% -0.75% 24.39% 55.66%

Stock Sector Breakdown

Weighting Return Low Return High ACAYX % Rank
Technology 		38.87% 0.00% 87.30% 20.95%
Consumer Cyclical 		20.76% 0.00% 38.89% 12.85%
Communication Services 		12.92% 0.00% 68.19% 53.49%
Financial Services 		10.83% 0.00% 41.22% 40.71%
Healthcare 		7.84% 0.00% 61.09% 91.38%
Industrials 		5.26% 0.00% 30.46% 50.07%
Basic Materials 		1.55% 0.00% 15.44% 41.68%
Consumer Defense 		1.18% 0.00% 19.07% 81.05%
Real Estate 		0.80% 0.00% 22.68% 62.11%
Utilities 		0.00% 0.00% 10.98% 68.20%
Energy 		0.00% 0.00% 9.24% 69.17%

Stock Geographic Breakdown

Weighting Return Low Return High ACAYX % Rank
US 		91.29% 11.18% 133.53% 64.19%
Non US 		7.56% 0.00% 82.96% 30.01%

ACAYX - Expenses

Operational Fees

ACAYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.82% 0.01% 23.28% 66.39%
Management Fee 0.74% 0.00% 1.50% 75.98%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.03% 0.01% 1.02% 6.55%

Sales Fees

ACAYX 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

ACAYX 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.

ACAYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 83.95% 0.00% 358.00% 82.97%

ACAYX - Distributions

Dividend Yield Analysis

ACAYX Category Low Category High ACAYX % Rank
Dividend Yield 0.00% 0.00% 1.76% 54.04%

Dividend Distribution Analysis

ACAYX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Monthly Annually

Net Income Ratio Analysis

ACAYX Category Low Category High ACAYX % Rank
Net Income Ratio -0.01% -56.00% 1.99% 47.22%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

ACAYX - Fund Manager Analysis

Managers

Patrick Kelly

Start Date

Tenure

Tenure Rank

Sep 30, 2004

16.42

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.

Daniel Chung

Start Date

Tenure

Tenure Rank

Feb 11, 2021

0.05

0.1%

Dan Chung, CFA is Chief Executive Officer, Chief Investment Officer and Portfolio Manager of several Alger strategies. Dan joined Alger in 1994 and has 25 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 Category High Category Average Category Mode
0.01 53.19 7.73 1.16

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