ALARX: Alger Capital Appreciation Instl I

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ALARX Alger Capital Appreciation Instl I

  • Fund
  • ALARX
  • Price as of: Oct 15, 2019
  • $35.07 + $0.44 + 1.27%

ALARX - Profile

Vitals

  • YTD Return 22.5%
  • 3 Yr Annualized Return 15.3%
  • 5 Yr Annualized Return 11.6%
  • Net Assets $3.33 B
  • Holdings in Top 10 49.5%

52 WEEK LOW AND HIGH

$35.07
$26.58
$36.06

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.15%

SALES FEES

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

BROKERAGE FEES

  • Turnover 64.77%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$0

IRA

N/A

Fund Classification

PRIMARY CATEGORY

  • Fund Type Open End Mutual Fund
  • Investment Style Large Growth

Distributions

  • YTD Total Return 22.5%
  • 3 Yr Annualized Total Return 15.3%
  • 5 Yr Annualized Total Return 11.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.16%
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 22.5% -34.6% 51.9% 52.21%
1 Yr 1.1% -69.2% 17.8% 38.44%
3 Yr 15.3%* -38.9% 21.8% 13.86%
5 Yr 11.6%* -31.2% 16.5% 16.38%
10 Yr 13.7%* -14.1% 16.7% 10.95%

* Annualized


Return Ranking - Calendar

Period ALARX Return Category Return Low Category Return High Rank in Category (%)
2018 -11.7% -65.5% 13.4% 45.39%
2017 22.8% -46.3% 37.5% 28.81%
2016 -0.3% -43.3% 13.0% 48.12%
2015 -1.3% -38.0% 11.4% 34.95%
2014 0.9% -52.4% 105.4% 50.57%

Total Return Ranking - Trailing

Period ALARX Return Category Return Low Category Return High Rank in Category (%)
YTD 22.5% -34.6% 51.9% 52.21%
1 Yr 1.1% -69.2% 23.3% 53.20%
3 Yr 15.3%* -38.9% 28.2% 29.99%
5 Yr 11.6%* -31.2% 17.8% 36.42%
10 Yr 13.7%* -14.1% 16.7% 18.69%

* Annualized


Total Return Ranking - Calendar

Period ALARX Return Category Return Low Category Return High Rank in Category (%)
2018 -0.8% -65.5% 16.5% 16.41%
2017 31.1% -28.2% 51.5% 20.32%
2016 0.5% -43.3% 15.6% 65.72%
2015 6.4% -38.0% 17.3% 19.45%
2014 13.6% -52.4% 120.7% 14.29%

NAV & Total Return History

ALARX - Holdings

Concentration Analysis

ALARX Category Low Category High ALARX % Rank
Net Assets 3.33 B 1.15 M 186 B 30.16%
Number of Holdings 71 7 2101 44.34%
Net Assets in Top 10 1.75 B 409 K 56.6 B 23.95%
Weighting of Top 10 49.53% 12.2% 100.0% 10.39%

Top 10 Holdings

  1. Microsoft Corp 9.82%

  2. Amazon.com Inc 8.86%

  3. Visa Inc Class A 5.39%

  4. Facebook Inc A 4.64%

  5. Salesforce.com Inc 4.11%

  6. Adobe Inc 4.10%

  7. Alphabet Inc Class C 3.90%

  8. Apple Inc 3.67%

  9. Danaher Corp 2.56%

  10. UnitedHealth Group Inc 2.49%


Asset Allocation

Weighting Return Low Return High ALARX % Rank
Stocks
97.94% 81.21% 102.01% 62.79%
Cash
1.88% -2.02% 17.64% 34.81%
Preferred Stocks
0.18% 0.00% 5.34% 9.38%
Other
0.00% -2.29% 3.74% 69.30%
Convertible Bonds
0.00% 0.00% 0.10% 66.74%
Bonds
0.00% 0.00% 3.50% 67.52%

Stock Sector Breakdown

Weighting Return Low Return High ALARX % Rank
Technology
35.68% 4.65% 61.68% 37.52%
Consumer Cyclical
18.65% 0.00% 34.54% 29.38%
Healthcare
16.04% 0.15% 38.98% 25.89%
Financial Services
14.41% 0.00% 34.35% 30.93%
Industrials
7.18% 0.00% 27.83% 70.62%
Basic Materials
2.88% 0.00% 11.38% 25.27%
Consumer Defense
1.24% 0.00% 18.48% 86.67%
Real Estate
1.14% 0.00% 10.67% 55.74%
Communication Services
0.68% 0.00% 13.96% 60.00%
Utilities
0.00% -0.50% 7.63% 76.12%
Energy
0.00% -0.01% 11.07% 86.28%

Stock Geographic Breakdown

Weighting Return Low Return High ALARX % Rank
US
94.18% 79.62% 100.44% 46.12%
Non US
3.76% -0.08% 17.37% 53.41%

ALARX - Expenses

Operational Fees

ALARX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.15% 0.00% 218.39% 44.79%
Management Fee 0.73% 0.00% 1.40% 72.30%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.03% 0.00% 1.02% 8.47%

Sales Fees

ALARX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 25.00% 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

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.

ALARX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 64.77% 0.00% 536.00% 74.10%

ALARX - Distributions

Dividend Yield Analysis

ALARX Category Low Category High ALARX % Rank
Dividend Yield 0.00% 0.00% 15.75% 78.22%

Dividend Distribution Analysis

ALARX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Semi-Annually Quarterly Quarterly

Dividend Payout History


Net Income Ratio Analysis

ALARX Category Low Category High ALARX % Rank
Net Income Ratio -0.16% -7.55% 1.83% 61.77%

Capital Gain Distribution Analysis

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

ALARX - Managers

Patrick Kelly

Manager

Start Date

Tenure

Tenure Rank

Sep 30, 2004

15.01

15.0%

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

Manager

Start Date

Tenure

Tenure Rank

Jun 01, 2015

4.33

4.3%

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

0.0

Category High

51.78

Category Average

8.14

Category Mode

0.42