ALARX: Alger Capital Appreciation Institutional Fund - MutualFunds.com
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Alger Capital Appreciation Instl I

ALARX - Snapshot

Vitals

  • YTD Return 5.4%
  • 3 Yr Annualized Return 24.4%
  • 5 Yr Annualized Return 22.5%
  • Net Assets $4.01 B
  • Holdings in Top 10 46.3%

52 WEEK LOW AND HIGH

$43.65
$35.10
$48.45

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.13%

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

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$72.46

+0.95%

$272.95 B

0.24%

$0.17

7.28%

0.64%

$334.20

+0.81%

$161.68 B

0.53%

$1.77

6.52%

0.20%

$271.08

+0.84%

$157.88 B

0.47%

$1.26

7.00%

0.04%

$139.57

+0.83%

$157.88 B

-

$0.00

6.95%

0.17%

$17.93

+0.62%

$138.35 B

-

$0.00

6.98%

0.86%

ALARX - Profile

Distributions

  • YTD Total Return 5.4%
  • 3 Yr Annualized Total Return 24.4%
  • 5 Yr Annualized Total Return 22.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.36%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Alger Capital Appreciation Institutional Fund
  • Fund Family Name
    Alger
  • Inception Date
    Nov 08, 1993
  • 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.


ALARX - Performance

Return Ranking - Trailing

Period ALARX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.4% -89.4% 99.5% 71.49%
1 Yr 49.6% -9.0% 112.7% 52.82%
3 Yr 24.4%* 7.3% 55.9% 33.39%
5 Yr 22.5%* 10.8% 41.3% 30.85%
10 Yr 16.3%* 8.0% 23.1% 30.22%

* Annualized

Return Ranking - Calendar

Period ALARX Return Category Return Low Category Return High Rank in Category (%)
2020 21.0% -67.0% 145.0% 65.17%
2019 20.5% -28.8% 76.0% 70.26%
2018 -11.7% -57.9% 10.6% 51.20%
2017 22.8% -68.7% 64.3% 33.36%
2016 -0.3% -47.1% 15.3% 50.00%

Total Return Ranking - Trailing

Period ALARX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.4% -89.4% 99.5% 71.49%
1 Yr 49.6% -9.0% 112.7% 47.85%
3 Yr 24.4%* 6.0% 55.9% 30.86%
5 Yr 22.5%* 10.3% 41.3% 29.19%
10 Yr 16.3%* 8.0% 23.1% 29.26%

* Annualized

Total Return Ranking - Calendar

Period ALARX Return Category Return Low Category Return High Rank in Category (%)
2020 21.0% -67.0% 145.0% 65.17%
2019 20.5% -28.8% 76.0% 70.42%
2018 -0.8% -57.9% 16.5% 17.13%
2017 31.1% -24.8% 64.3% 22.46%
2016 0.5% -43.3% 17.1% 65.98%

NAV & Total Return History


ALARX - Holdings

Concentration Analysis

ALARX Category Low Category High ALARX % Rank
Net Assets 4.01 B 10.3 K 273 B 34.71%
Number of Holdings 92 1 2770 31.04%
Net Assets in Top 10 1.83 B 89.8 K 95 B 35.35%
Weighting of Top 10 46.31% 10.0% 100.0% 37.09%

Top 10 Holdings

  1. Microsoft Corp 8.55%
  2. Amazon.com Inc 8.15%
  3. Apple Inc 6.24%
  4. Alibaba Group Holding Ltd ADR 4.99%
  5. Visa Inc Class A 4.53%
  6. Alphabet Inc Class C 4.49%
  7. Adobe Inc 3.45%
  8. Fidelity National Information Services Inc 3.29%
  9. PayPal Holdings Inc 3.08%
  10. Facebook Inc A 3.04%

Asset Allocation

Weighting Return Low Return High ALARX % Rank
Stocks
100.03% 25.53% 139.38% 3.77%
Other
0.08% -2.00% 17.95% 18.17%
Preferred Stocks
0.00% 0.00% 3.56% 53.82%
Convertible Bonds
0.00% 0.00% 15.13% 50.49%
Bonds
0.00% -0.73% 8.57% 51.92%
Cash
-0.11% -39.37% 74.46% 97.12%

Stock Sector Breakdown

Weighting Return Low Return High ALARX % Rank
Technology
37.93% 0.00% 86.94% 23.16%
Consumer Cyclical
20.54% 0.00% 47.80% 13.17%
Communication Services
14.01% 0.00% 68.19% 46.63%
Financial Services
12.03% 0.00% 42.02% 34.14%
Healthcare
7.56% 0.00% 38.81% 91.29%
Industrials
4.41% 0.00% 36.15% 67.07%
Basic Materials
1.44% 0.00% 16.57% 45.19%
Consumer Defense
1.32% 0.00% 20.76% 84.10%
Real Estate
0.77% 0.00% 21.30% 59.80%
Utilities
0.00% 0.00% 10.98% 66.24%
Energy
0.00% 0.00% 30.68% 67.90%

Stock Geographic Breakdown

Weighting Return Low Return High ALARX % Rank
US
93.84% 10.47% 137.22% 51.78%
Non US
6.19% 0.00% 88.58% 37.77%

ALARX - Expenses

Operational Fees

ALARX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.13% 0.01% 46.74% 39.67%
Management Fee 0.73% 0.00% 1.50% 75.13%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.03% 0.01% 1.02% 4.67%

Sales Fees

ALARX 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

ALARX 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.

ALARX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 83.95% 0.00% 358.00% 83.04%

ALARX - Distributions

Dividend Yield Analysis

ALARX Category Low Category High ALARX % Rank
Dividend Yield 0.00% 0.00% 5.74% 51.20%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

ALARX Category Low Category High ALARX % Rank
Net Income Ratio -0.36% -56.00% 1.83% 68.27%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

ALARX - Fund Manager Analysis

Managers

Patrick Kelly


Start Date

Tenure

Tenure Rank

Sep 30, 2004

16.59

16.6%

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

0.21

0.2%

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.

Ankur Crawford


Start Date

Tenure

Tenure Rank

Mar 31, 2021

0.08

0.1%

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
0.01 53.36 7.72 1.33