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Name

As of 04/21/2023

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Alger Weatherbie Enduring Growth Fund

ALECX | Fund

$7.34

$3.97 M

0.00%

1.85%

Vitals

YTD Return

4.1%

1 yr return

-5.7%

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$3.97 M

Holdings in Top 10

62.8%

52 WEEK LOW AND HIGH

$7.4
$6.34
$8.04

Expenses

OPERATING FEES

Expense Ratio 1.85%

SALES FEES

Front Load N/A

Deferred Load 1.00%

TRADING FEES

Turnover N/A

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000

IRA

$500

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 04/21/2023

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Alger Weatherbie Enduring Growth Fund

ALECX | Fund

$7.34

$3.97 M

0.00%

1.85%

ALECX - Profile

Distributions

  • YTD Total Return 4.1%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Alger Weatherbie Enduring Growth Fund
  • Fund Family Name
    Alger
  • Inception Date
    Dec 17, 2021
  • Shares Outstanding
    N/A
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Joshua Bennett

Fund Description

ALECX - Performance

Return Ranking - Trailing

Period ALECX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.1% -49.0% 26.9% 88.18%
1 Yr -5.7% -80.5% 2166.7% 79.69%
3 Yr N/A* -41.2% 180.5% N/A
5 Yr N/A* -29.6% 82.6% N/A
10 Yr -3.2%* -18.1% 15.5% N/A

* Annualized

Return Ranking - Calendar

Period ALECX Return Category Return Low Category Return High Rank in Category (%)
2023 -31.8% -85.6% 21888.9% 56.90%
2022 N/A -52.0% 800.0% N/A
2021 N/A -100.0% 195.3% N/A
2020 N/A -100.0% 9.5% N/A
2019 N/A -33.3% 36.8% 0.43%

Total Return Ranking - Trailing

Period ALECX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.1% -54.7% 26.9% 88.18%
1 Yr -5.7% -80.5% 2166.7% 79.80%
3 Yr N/A* -41.2% 180.5% N/A
5 Yr N/A* -28.4% 82.6% N/A
10 Yr -3.2%* -16.9% 15.6% N/A

* Annualized

Total Return Ranking - Calendar

Period ALECX Return Category Return Low Category Return High Rank in Category (%)
2023 -31.8% -85.6% 21888.9% 56.90%
2022 N/A -52.0% 800.0% N/A
2021 N/A -100.0% 195.3% N/A
2020 N/A -100.0% 9.5% N/A
2019 N/A -33.3% 36.8% 0.43%

NAV & Total Return History

ALECX - Holdings

Concentration Analysis

ALECX Category Low Category High ALECX % Rank
Net Assets 3.97 M 710 K 85.5 B 97.64%
Number of Holdings 26 20 3702 98.16%
Net Assets in Top 10 3.07 M 259 K 10.9 B 96.15%
Weighting of Top 10 62.78% 5.5% 92.1% 4.02%

Top 10 Holdings

  1. Bank Bradesco SA Pref Shs 8.38%
  2. Waste Connections Inc 8.12%
  3. FirstService Corp Ordinary Shares 7.84%
  4. Chegg Inc 7.73%
  5. Paylocity Holding Corp 7.63%
  6. Casella Waste Systems Inc Class A 6.92%
  7. Itau Unibanco Holding SA 6.81%
  8. Progyny Inc 6.57%
  9. Lojas Renner SA 5.25%
  10. Signature Bank 4.85%

Asset Allocation

Weighting Return Low Return High ALECX % Rank
Stocks 		95.16% 23.99% 100.52% 86.60%
Cash 		4.84% -0.52% 26.94% 11.89%
Preferred Stocks 		0.00% 0.00% 2.30% 49.25%
Other 		0.00% -2.66% 23.05% 51.93%
Convertible Bonds 		0.00% 0.00% 0.40% 44.56%
Bonds 		0.00% 0.00% 44.75% 46.40%

Stock Sector Breakdown

Weighting Return Low Return High ALECX % Rank
Industrials 		30.40% 0.00% 38.23% 2.51%
Technology 		18.66% 0.04% 62.17% 85.59%
Financial Services 		15.18% 0.00% 43.01% 10.55%
Healthcare 		11.13% 0.00% 43.77% 89.95%
Consumer Defense 		9.10% 0.00% 16.40% 2.18%
Real Estate 		8.24% 0.00% 19.28% 9.05%
Energy 		6.48% 0.00% 62.10% 7.04%
Consumer Cyclical 		0.80% 0.00% 57.41% 97.82%
Utilities 		0.00% 0.00% 12.94% 57.96%
Communication Services 		0.00% 0.00% 18.33% 92.29%
Basic Materials 		0.00% 0.00% 17.25% 85.09%

Stock Geographic Breakdown

Weighting Return Low Return High ALECX % Rank
US 		74.76% 23.38% 100.52% 96.48%
Non US 		20.40% 0.00% 35.22% 1.17%

ALECX - Expenses

Operational Fees

ALECX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.85% 0.02% 2.69% 7.80%
Management Fee 0.70% 0.00% 1.50% 45.53%
12b-1 Fee 1.00% 0.00% 1.00% 91.46%
Administrative Fee 0.28% 0.00% 0.40% 94.92%

Sales Fees

ALECX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load 1.00% 1.00% 5.00% 53.62%

Trading Fees

ALECX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 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.

ALECX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 417.06% N/A

ALECX - Distributions

Dividend Yield Analysis

ALECX Category Low Category High ALECX % Rank
Dividend Yield 0.00% 0.00% 2.54% 48.91%

Dividend Distribution Analysis

ALECX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Monthly Annually

Net Income Ratio Analysis

ALECX Category Low Category High ALECX % Rank
Net Income Ratio N/A -2.24% 2.75% N/A

Capital Gain Distribution Analysis

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

Distributions History

View More +

ALECX - Fund Manager Analysis

Managers

Joshua Bennett

Start Date

Tenure

Tenure Rank

Dec 17, 2021

0.45

0.5%

Josh Bennett, CFA is Chief Operating Officer and Senior Portfolio Manager of Weatherbie Capital, LLC. Josh is a Portfolio Manager on the Weatherbie Specialized Growth Strategy, the Weatherbie Long/Short Strategy, the Alger Dynamic Opportunities Strategy and the Alger Weatherbie Enduring Growth Strategy. He also has research responsibilities in the consumer, industrials, technology and diversified business services areas. Josh joined Weatherbie Capital in July 2007 and has 21 years of investment experience. Prior to joining Weatherbie, he 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 M.B.A. from the Tuck School of Business at Dartmouth (Edward Tuck Scholar with Distinction) and he 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 was issued the Certificate in ESG Investing by the CFA Society United Kingdom. He is a Trustee at Lexington Christian Academy (Lexington, MA) and a member of the Investment Committee of Christian Camps & Conferences.

H. George Dai

Start Date

Tenure

Tenure Rank

Dec 17, 2021

0.45

0.5%

Dr. Dai is the Chief Investment Officer of Weatherbie and a Senior Portfolio Manager. He joined Weatherbie in 2001.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 36.3 9.17 2.25

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