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ADOZX Alger Dynamic Opportunities Z

  • Fund
  • ADOZX
  • Price as of: Jul 15, 2019
  • $15.36 + $0.03 + 0.20%
  • Category
  • Long-Short

ADOZX - Profile

Vitals

  • YTD Return 18.5%
  • 3 Yr Annualized Return 8.6%
  • 5 Yr Annualized Return 3.7%
  • Net Assets $116 M
  • Holdings in Top 10 23.5%

52 WEEK LOW AND HIGH

$15.36
$12.27
$15.61

Expenses

OPERATING RELATED FEES

  • Expense Ratio 2.33%

SALES FEES

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

BROKERAGE FEES

  • Turnover 181.92%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$500,000

IRA

N/A

Investment Themes

CATEGORY

Long-Short
  • Fund Type Open End Mutual Fund
  • Investment Style Long-Short Equity

Distributions

  • YTD Total Return 18.5%
  • 3 Yr Annualized Total Return 8.8%
  • 5 Yr Annualized Total Return 4.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -1.72%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name Alger Dynamic Opportunities Fund
  • Fund Family Name Alger
  • Inception Date Dec 29, 2010
  • Shares Outstanding N/A
  • Share Class Inst
  • Currency USD
  • Domiciled Country United States
  • Manager Daniel C. Chung

Fund Description

The fund invests in a portfolio of U.S. and foreign equity securities (common stocks, preferred stocks and convertible securities). It may invest a portion of its assets in securities issued by small capitalization companies. The fund may also invest a portion of its assets in equity securities not listed on an exchange. It can invest in foreign securities.

ADOZX - Performance

Return Ranking - Trailing

Period ADOZX Return Category Return Low Category Return High Rank in Category (%)
YTD 18.5% -14.5% 26.1% 7.73%
1 Yr 3.6% -30.5% 11.0% 6.08%
3 Yr 8.6%* -27.5% 13.3% 4.97%
5 Yr 3.7%* -25.4% 11.8% 13.10%
10 Yr N/A* -13.0% 10.5% N/A

* Annualized


Return Ranking - Calendar

Period ADOZX Return Category Return Low Category Return High Rank in Category (%)
2018 -3.9% -24.8% 12.7% 14.36%
2017 10.0% -46.3% 26.8% 28.73%
2016 -0.3% -20.0% 25.3% 71.19%
2015 -0.6% -22.2% 14.0% 26.70%
2014 -1.6% -24.3% 60.7% 60.69%

Total Return Ranking - Trailing

Period ADOZX Return Category Return Low Category Return High Rank in Category (%)
YTD 18.5% -14.5% 26.1% 7.73%
1 Yr 3.6% -30.5% 11.0% 12.15%
3 Yr 8.8%* -9.2% 13.3% 7.73%
5 Yr 4.3%* -9.0% 15.7% 22.02%
10 Yr N/A* -7.0% 12.8% N/A

* Annualized


Total Return Ranking - Calendar

Period ADOZX Return Category Return Low Category Return High Rank in Category (%)
2018 -3.9% -24.8% 12.7% 18.78%
2017 10.0% -12.7% 26.8% 49.17%
2016 0.0% -15.5% 25.3% 74.01%
2015 2.2% -14.2% 22.6% 16.48%
2014 -1.6% -15.0% 64.3% 82.07%

NAV & Total Return History

ADOZX - Holdings

Concentration Analysis

ADOZX Category Low Category High ADOZX % Rank
Net Assets 116 M 2.3 M 8.1 B 50.83%
Number of Holdings 244 3 2273 24.31%
Net Assets in Top 10 20.7 M -162 M 2.21 B 52.49%
Weighting of Top 10 23.49% 0.0% 98.8% 70.17%

Top 10 Holdings

  1. Waste Connections Inc 2.96%

  2. Firstservice 2.84%

  3. Alphabet Inc Class C 2.83%

  4. TransDigm Group Inc 2.81%

  5. Chegg Inc 2.49%

  6. Seritage Growth Properties Class A 2.35%

  7. Amazon.com Inc 2.01%

  8. Pinterest Inc 1.87%

  9. Portola Pharmaceuticals Inc 1.75%

  10. Wayfair Inc Class A 1.59%


Asset Allocation

Weighting Return Low Return High ADOZX % Rank
Cash
51.31% -16.33% 100.06% 19.34%
Stocks
48.33% -0.11% 122.42% 74.59%
Preferred Stocks
0.22% -0.64% 1.92% 4.97%
Other
0.15% -4.18% 46.57% 24.31%
Convertible Bonds
0.00% -0.01% 1.15% 20.44%
Bonds
0.00% -9.42% 92.61% 35.91%

Stock Sector Breakdown

Weighting Return Low Return High ADOZX % Rank
Healthcare
15.69% -2.86% 48.92% 11.80%
Technology
14.72% -4.90% 37.98% 27.53%
Industrials
10.69% -9.10% 21.99% 29.21%
Consumer Defense
4.65% -4.04% 18.29% 41.01%
Financial Services
2.22% 0.00% 69.83% 87.08%
Consumer Cyclical
1.82% -2.74% 27.34% 81.46%
Energy
0.88% -0.08% 18.75% 80.34%
Utilities
0.69% -3.64% 12.16% 63.48%
Basic Materials
-0.28% -2.92% 16.51% 95.51%
Communication Services
-0.80% -4.54% 12.55% 95.51%
Real Estate
-5.55% -8.92% 50.29% 97.19%

Stock Geographic Breakdown

Weighting Return Low Return High ADOZX % Rank
US
39.28% -0.11% 97.99% 72.38%
Non US
9.05% -0.93% 93.74% 23.20%

ADOZX - Expenses

Operational Fees

ADOZX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.33% 0.42% 4.90% 41.99%
Management Fee 1.20% 0.25% 2.25% 56.91%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.03% 0.01% 0.55% 3.91%

Sales Fees

ADOZX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

ADOZX 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.

ADOZX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 181.92% 0.00% 5067.00% 66.30%

ADOZX - Distributions

Dividend Yield Analysis

ADOZX Category Low Category High ADOZX % Rank
Dividend Yield 0.00% 0.00% 0.12% 46.41%

Dividend Distribution Analysis

ADOZX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Quarterly Annually

Dividend Payout History


Net Income Ratio Analysis

ADOZX Category Low Category High ADOZX % Rank
Net Income Ratio -1.72% -2.95% 1.42% 92.82%

Capital Gain Distribution Analysis

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

ADOZX - Managers

Daniel C. Chung

Manager

Start Date

Tenure

Tenure Rank

Nov 02, 2009

9.66

9.7%

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.


Gregory S. Adams

Manager

Start Date

Tenure

Tenure Rank

Nov 02, 2009

9.66

9.7%

Greg Adams, CFA is Senior Vice President, Portfolio Manager of the Alger Dynamic Opportunities strategy, the Alger Responsible Investing Fund, the Alger Growth and Income strategy, and Director of Quantitative & Risk Management. Greg joined Alger in 2006 and has 30 years of experience. Previously, he was Director of Quantitative Research at Lord Abbett & Co., and was responsible for portfolio construction simulation and quantitative stock selection. Over the course of his career, Greg was Managing Director and Portfolio Manager at Deutsche Asset Management and The Chase Manhattan Bank. At Deutsche, where he managed over $10 billion in assets, he was the lead Portfolio Manager for the U.S. Large Cap Core Funds, including Scudder’s flagship Growth & Income Fund. Greg began his tenure at Chase in 1987 as an equity analyst and was promoted to Co‐Manager of the Chase Vista Balanced Fund and the Chase Vista Growth & Income Fund, managing over $2 billion during his tenure. In 1994, Greg was named Manager of the Chase Vista Large Cap Equity Fund. Greg earned a B.A. in American History from the University of Pennsylvania’s School of Arts & Sciences and a B.S. in Economics and Finance from The Wharton School. Greg is a CFA charterholder and a member of the CFA Institute.


Daniel J. Brazeau

Manager

Start Date

Tenure

Tenure Rank

Mar 01, 2017

2.33

2.3%

Dan is a co-manager on the Weatherbie Long/Short Strategies. He is PM on the Weatherbie Hedged SMA strategies. Dan’s research responsibilities are in the consumer, media & advertising, energy and financials sectors. Dan joined Weatherbie Capital in May 2004 as a research analyst. Prior to joining the firm, he spent over three years as an equity analyst at Wellington Management Company, LLP, where he focused on the advertising, publishing and marketing services industries. He began his career at KENETECH Energy Systems, Inc., where he worked as a project finance analyst and manager for six years.  Dan received his MBA from the Wharton School, University of Pennsylvania. He had previously received his B.S. in business administration (with a concentration in finance) from Villanova University. Dan is a CFA charterholder and is a member of both the Boston Security Analysts Society (BSAS) and the CFA Institute.


H. George Dai

Manager

Start Date

Tenure

Tenure Rank

Mar 01, 2017

2.33

2.3%

George Dai, Ph.D. is Senior Managing Director and Co-Chief Investment Officer of Weatherbie Capital. George is a Portfolio Manager on the Alger SMid Cap Focus Fund, Alger Dynamic Opportunities Fund, and the Weatherbie Specialized Growth Strategy and the Weatherbie Long/Short Strategy. Additionally, George maintains research responsibilities in the diversified business services, healthcare, and technology areas. George joined Weatherbie Capital in March 2001 and has 18 years of investment experience. Prior to joining Weatherbie, he was an equity analyst with 1838 Investment Advisors. George received his MBA from the Wharton School, University of Pennsylvania, (Director’s List), and his Ph.D. in chemistry from Johns Hopkins University. Previously, he earned a B.S. from the University of Science and Technology of China and was a pharmaceutical research scientist at Procter & Gamble. George is a prized Bridge player, and he holds four U.S. patents.


Joshua D. Bennett

Manager

Start Date

Tenure

Tenure Rank

Mar 01, 2017

2.33

2.3%

Josh Bennett, CFA is Senior Managing Director and Director of Research at Weatherbie Capital. Josh is a Portfolio Manager on the Alger SMid Cap Focus Fund and the Alger Dynamic Opportunities Fund, and is a Portfolio Manager on the Weatherbie Specialized Growth Strategy and the Weatherbie Long/Short Strategy. Josh also has research responsibilities in the consumer, industrials, and diversified business services sectors. Josh joined Weatherbie Capital in July 2007 and has 16 years of investment experience. Prior to joining Weatherbie, Josh was an Equity Research Analyst at MFS Investment Management in Boston where he focused on the Aerospace/Defense and Transportation sectors. Josh also has previous experience with Fidelity Investments as a High Yield research associate. Josh received his MBA from the Tuck School of Business at Dartmouth (Edward Tuck Scholar with Distinction) and earned a B.A. in economics (Summa Cum Laude) from Wheaton College (IL). Josh is a CFA charterholder and is a member of both the CFA Society Boston and the CFA Institute. Josh is a Trustee and member of the Investment Committee at Lexington Christian Academy (Lexington, MA), and is also a member of the Investment Committee of Christian Camps & Conferences.


Tenure Analysis

Category Low

2.33

Category High

14.5

Category Average

7.03

Category Mode

2.33