ACIZX: Alger Capital Appreciation Instl Z-2

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ACIZX Alger Capital Appreciation Instl Z-2


Profile

ACIZX - Profile

Vitals

  • YTD Return -13.5%
  • 3 Yr Annualized Return 1.0%
  • 5 Yr Annualized Return N/A
  • Net Assets $3.28 B
  • Holdings in Top 10 51.1%

52 WEEK LOW AND HIGH

$30.23
$27.32
$38.79

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.83%

SALES FEES

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

BROKERAGE FEES

  • Turnover 80.36%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $500,000
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return -13.5%
  • 3 Yr Annualized Total Return 7.3%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.10%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Alger Capital Appreciation Institutional Fund
  • Fund Family Name
    Alger
  • Inception Date
    Oct 14, 2016
  • 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.


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Categories

Performance

ACIZX - Performance

Return Ranking - Trailing

Period ACIZX Return Category Return Low Category Return High Rank in Category (%)
YTD -13.5% -79.9% 5.0% 16.89%
1 Yr -9.5% -80.4% 33.2% 42.48%
3 Yr 1.0%* -50.7% 20.8% 38.06%
5 Yr N/A* -39.5% 13.6% 10.93%
10 Yr N/A* -19.9% 14.9% 7.25%

* Annualized

Return Ranking - Calendar

Period ACIZX Return Category Return Low Category Return High Rank in Category (%)
2019 21.0% -67.9% 49.9% 64.29%
2018 -11.3% -65.5% 13.4% 41.42%
2017 23.2% -46.3% 52.2% 26.36%
2016 N/A -43.3% 15.3% N/A
2015 N/A -38.0% 11.4% N/A

Total Return Ranking - Trailing

Period ACIZX Return Category Return Low Category Return High Rank in Category (%)
YTD -13.5% -79.9% 5.0% 16.89%
1 Yr -9.5% -80.4% 33.2% 42.48%
3 Yr 7.3%* -50.7% 20.8% 20.34%
5 Yr N/A* -39.5% 14.7% 16.78%
10 Yr N/A* -19.9% 15.0% 16.16%

* Annualized

Total Return Ranking - Calendar

Period ACIZX Return Category Return Low Category Return High Rank in Category (%)
2019 21.0% -67.9% 49.9% 64.36%
2018 -0.5% -65.5% 16.5% 14.99%
2017 31.5% -28.2% 52.2% 18.41%
2016 N/A -43.3% 17.1% N/A
2015 N/A -38.0% 17.3% N/A

NAV & Total Return History


Holdings

ACIZX - Holdings

Concentration Analysis

ACIZX Category Low Category High ACIZX % Rank
Net Assets 3.28 B 974 K 188 B 30.37%
Number of Holdings 81 1 2058 35.22%
Net Assets in Top 10 1.8 B 433 K 63 B 24.18%
Weighting of Top 10 51.13% 11.6% 100.0% 10.75%

Top 10 Holdings

  1. Microsoft Corp 9.85%
  2. Amazon.com Inc 7.07%
  3. Visa Inc Class A 5.30%
  4. Apple Inc 4.92%
  5. Facebook Inc A 4.90%
  6. Alphabet Inc Class C 4.54%
  7. Alibaba Group Holding Ltd ADR 4.30%
  8. Salesforce.com Inc 4.07%
  9. Adobe Inc 3.59%
  10. Danaher Corp 2.60%

Asset Allocation

Weighting Return Low Return High ACIZX % Rank
Stocks
99.32% 83.84% 103.67% 32.01%
Cash
0.50% -3.81% 16.16% 68.06%
Preferred Stocks
0.18% 0.00% 3.86% 7.61%
Other
0.00% -1.23% 4.36% 89.70%
Convertible Bonds
0.00% 0.00% 0.01% 90.67%
Bonds
0.00% 0.00% 3.92% 91.34%

Stock Sector Breakdown

Weighting Return Low Return High ACIZX % Rank
Technology
33.35% 8.17% 54.73% 22.69%
Consumer Cyclical
16.21% 0.31% 52.42% 27.99%
Healthcare
15.17% 0.00% 51.84% 38.51%
Financial Services
13.07% 0.00% 38.34% 41.87%
Communication Services
11.76% 0.00% 32.90% 54.55%
Industrials
5.89% 0.00% 24.88% 76.79%
Basic Materials
1.94% 0.00% 10.75% 40.37%
Consumer Defense
1.34% 0.00% 19.92% 83.66%
Real Estate
1.01% 0.00% 12.72% 63.96%
Energy
0.25% 0.00% 6.79% 47.91%
Utilities
0.00% 0.00% 8.79% 93.43%

Stock Geographic Breakdown

Weighting Return Low Return High ACIZX % Rank
US
91.27% 78.13% 102.76% 64.33%
Non US
8.05% 0.00% 19.16% 24.70%

Expenses

ACIZX - Expenses

Operational Fees

ACIZX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.83% 0.01% 24.73% 71.54%
Management Fee 0.74% 0.00% 1.40% 74.27%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.03% 0.01% 1.02% 7.05%

Sales Fees

ACIZX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 8.50% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

ACIZX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% 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.

ACIZX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 80.36% 0.00% 807.00% 80.41%

Distributions

ACIZX - Distributions

Dividend Yield Analysis

ACIZX Category Low Category High ACIZX % Rank
Dividend Yield 0.00% 0.00% 28.54% 91.26%

Dividend Distribution Analysis

ACIZX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Annually Annually

Net Income Ratio Analysis

ACIZX Category Low Category High ACIZX % Rank
Net Income Ratio 0.10% -2.06% 2.43% 45.40%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

ACIZX - Fund Manager Analysis

Managers

Patrick Kelly


Start Date

Tenure

Tenure Rank

Sep 30, 2004

15.42

15.4%

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.

Ankur Crawford


Start Date

Tenure

Tenure Rank

Jun 01, 2015

4.75

4.8%

Dr. Ankur Crawford is Executive Vice President and Portfolio Manager of the Alger Capital Appreciation, Alger Capital Appreciation Focus, Alger Spectra, and Alger 25 strategies. Dr. Crawford joined Alger in September 2004 and has 15 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, Dr. Crawford was promoted to Associate Analyst, Analyst, and then ultimately to Senior Analyst. Dr. Crawford also became a portfolio manager to the Alger Mid Cap Growth strategies in 2010. Additionally, she was Head of the Technology sector team from January 2013 – April 2016. 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. Dr. Crawford 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 Category High Category Average Category Mode
0.08 52.19 8.09 0.83