Alger Capital Appreciation Instl I
- ALARX
- Price as of: Jan 14, 2021
-
$42.06
N/A N/A
- Primary Theme
- U.S. Large-Cap Growth Equity
- Fund Company
- Alger
- Share Class
ALARX - Snapshot
Vitals
- YTD Return -0.1%
- 3 Yr Annualized Return 23.1%
- 5 Yr Annualized Return 19.7%
- Net Assets $4.03 B
- Holdings in Top 10 52.3%
52 WEEK LOW AND HIGH
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
-
Primary Theme
U.S. Large-Cap Growth Equity
- Fund Type Open End Mutual Fund
- Investment Style Large Growth
ALARX - Profile
Distributions
- YTD Total Return -0.1%
- 3 Yr Annualized Total Return 23.1%
- 5 Yr Annualized Total Return 19.7%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.36%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annually
Fund Details
-
Legal NameAlger Capital Appreciation Institutional Fund
-
Fund Family NameAlger
-
Inception DateNov 08, 1993
-
Shares OutstandingN/A
-
Share ClassInst
-
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.
ALARX - Performance
Return Ranking - Trailing
Period | ALARX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -0.1% | -3.7% | 25.7% | 56.84% |
1 Yr | 41.3% | -9.0% | 145.0% | 27.56% |
3 Yr | 23.1%* | -6.6% | 51.8% | 30.66% |
5 Yr | 19.7%* | -6.8% | 39.6% | 31.29% |
10 Yr | 16.6%* | 6.9% | 23.9% | 25.28% |
* Annualized
Return Ranking - Calendar
Period | ALARX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2020 | 21.0% | -67.0% | 145.0% | 64.02% |
2019 | 20.5% | -28.8% | 76.0% | 68.98% |
2018 | -11.7% | -64.5% | 19.1% | 50.04% |
2017 | 22.8% | -68.7% | 64.3% | 32.03% |
2016 | -0.3% | -56.6% | 15.3% | 49.86% |
Total Return Ranking - Trailing
Period | ALARX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -0.1% | -3.4% | 25.7% | 56.84% |
1 Yr | 41.3% | -9.0% | 145.0% | 25.43% |
3 Yr | 23.1%* | -8.4% | 51.8% | 28.07% |
5 Yr | 19.7%* | -7.9% | 39.6% | 29.51% |
10 Yr | 16.6%* | 6.9% | 23.9% | 24.46% |
* Annualized
Total Return Ranking - Calendar
Period | ALARX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2020 | 21.0% | -67.0% | 145.0% | 64.02% |
2019 | 20.5% | -28.8% | 76.0% | 69.14% |
2018 | -0.8% | -64.5% | 29.5% | 16.60% |
2017 | 31.1% | -24.8% | 64.3% | 21.62% |
2016 | 0.5% | -56.6% | 17.1% | 66.32% |
NAV & Total Return History
ALARX - Holdings
Concentration Analysis
ALARX | Category Low | Category High | ALARX % Rank | |
---|---|---|---|---|
Net Assets | 4.03 B | 10.3 K | 256 B | 34.68% |
Number of Holdings | 76 | 1 | 2373 | 39.79% |
Net Assets in Top 10 | 1.91 B | 378 K | 89.8 B | 33.04% |
Weighting of Top 10 | 52.25% | 10.8% | 100.0% | 13.88% |
Top 10 Holdings
- Amazon.com Inc 9.89%
- Microsoft Corp 7.90%
- Apple Inc 6.37%
- Alibaba Group Holding Ltd ADR 4.99%
- Visa Inc Class A 4.46%
- Facebook Inc A 4.40%
- Salesforce.com Inc 3.85%
- Danaher Corp 3.63%
- Adobe Inc 3.40%
- Alphabet Inc Class C 3.36%
Asset Allocation
Weighting | Return Low | Return High | ALARX % Rank | |
---|---|---|---|---|
Stocks | 99.32% | 51.75% | 112.08% | 38.02% |
Cash | 0.68% | -12.08% | 48.25% | 57.76% |
Preferred Stocks | 0.00% | 0.00% | 1.88% | 92.43% |
Other | 0.00% | -5.20% | 20.00% | 91.83% |
Convertible Bonds | 0.00% | 0.00% | 7.90% | 91.17% |
Bonds | 0.00% | -0.73% | 20.94% | 91.49% |
Stock Sector Breakdown
Weighting | Return Low | Return High | ALARX % Rank | |
---|---|---|---|---|
Technology | 35.24% | 0.00% | 88.51% | 38.16% |
Consumer Cyclical | 23.02% | 0.00% | 41.42% | 6.53% |
Communication Services | 14.75% | 0.00% | 68.14% | 31.85% |
Financial Services | 10.25% | 0.00% | 39.75% | 45.66% |
Healthcare | 8.35% | 0.00% | 61.09% | 91.61% |
Industrials | 3.70% | 0.00% | 29.82% | 75.50% |
Basic Materials | 2.23% | 0.00% | 19.40% | 22.49% |
Real Estate | 1.61% | 0.00% | 22.68% | 49.67% |
Consumer Defense | 0.85% | 0.00% | 19.49% | 84.71% |
Utilities | 0.00% | 0.00% | 11.81% | 94.88% |
Energy | 0.00% | 0.00% | 7.96% | 95.10% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | ALARX % Rank | |
---|---|---|---|---|
US | 88.69% | 39.12% | 106.92% | 75.13% |
Non US | 10.63% | 0.00% | 41.45% | 16.78% |
ALARX - Expenses
Operational Fees
ALARX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.13% | 0.01% | 23.28% | 41.35% |
Management Fee | 0.74% | 0.00% | 1.50% | 75.93% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | 0.03% | 0.01% | 1.02% | 6.04% |
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% | 82.63% |
ALARX - Distributions
Dividend Yield Analysis
ALARX | Category Low | Category High | ALARX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 5.95% | 90.96% |
Dividend Distribution Analysis
ALARX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annually | Annually | Quarterly | Annually |
Net Income Ratio Analysis
ALARX | Category Low | Category High | ALARX % Rank | |
---|---|---|---|---|
Net Income Ratio | -0.36% | -56.00% | 1.99% | 72.51% |
Capital Gain Distribution Analysis
ALARX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Dividend Payout History
Date | Amount |
---|---|
Dec 14, 2016 | $0.195 |
Dec 18, 2013 | $0.009 |
Dec 18, 2012 | $0.170 |
Dec 22, 2009 | $0.032 |
Dec 20, 2005 | $0.004 |
ALARX - Fund Manager Analysis
Managers
Patrick Kelly
Start Date
Tenure
Tenure Rank
Sep 30, 2004
16.26
16.3%
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
5.59
5.6%
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 | 53.03 | 7.61 | 1.0 |