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Name

As of 11/19/2024

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 Focus Equity Fund

ALGYX | Fund

$82.15

$1.4 B

0.09%

$0.07

0.64%

Vitals

YTD Return

51.1%

1 yr return

57.8%

3 Yr Avg Return

10.4%

5 Yr Avg Return

20.9%

Net Assets

$1.4 B

Holdings in Top 10

58.8%

52 WEEK LOW AND HIGH

$80.4
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.64%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 107.82%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$500,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 11/19/2024

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 Focus Equity Fund

ALGYX | Fund

$82.15

$1.4 B

0.09%

$0.07

0.64%

ALGYX - Profile

Distributions

  • YTD Total Return 51.1%
  • 3 Yr Annualized Total Return 10.4%
  • 5 Yr Annualized Total Return 20.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.10%
DIVIDENDS
  • Dividend Yield 0.1%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Alger Focus Equity Fund
  • Fund Family Name
    Alger Family of Funds
  • Inception Date
    Feb 28, 2017
  • Shares Outstanding
    N/A
  • Share Class
    Y
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Patrick Kelly

Fund Description

The Manager believes companies undergoing Positive Dynamic Change offer the best opportunities. Positive Dynamic Change refers to companies realizing High Unit Volume Growth or companies undergoing Positive Lifecycle Change. High Unit Volume Growth companies are traditional growth companies experiencing, for example, rapidly growing demand or market dominance. Positive Lifecycle Change companies are, for example, companies benefitting from new regulations, a new product innovation or new management.Under normal circumstances, the Fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of companies of any market capitalization that the Manager believes demonstrate promising growth potential. Equity securities include common or preferred stocks that are listed on U.S. or foreign exchanges.As a focus fund, the Fund intends to invest a substantial portion of its assets in a smaller number of issuers. Generally the Fund will own approximately 50 holdings. Fund holdings may occasionally differ from this number for a variety of reasons, including, among others, because of extreme market volatility, such as when the Fund has entered a temporary defensive position.  Additionally, the Fund may temporarily exceed the stated number of holdings when it acquires a new holding and determines that it is in the best interests of shareholders to sell an existing holding over a period of time, instead of immediately selling the entire holding.The Fund may invest a significant portion of its assets in securities of companies conducting business within a single sector, as defined by third party sources, including the information technology, consumer discretionary, health care,and communication services sectors.The Fund may sell a stock when it reaches a target price, it fails to perform as expected, or other opportunities appear more attractive. As a result, the Fund may engage in active trading of portfolio securities.The Fund can invest in foreign securities.The Fund invests in cash (and cash equivalents) when the Fund is unable to find enough attractive long-term investments to meet its investment objective, to meet redemptions and/or when the Manager believes it is advisable to do so during times of short-term market volatility. During these times, cash (and cash equivalents) will not exceed 15% of the Fund’s net assets.
Read More

ALGYX - Performance

Return Ranking - Trailing

Period ALGYX Return Category Return Low Category Return High Rank in Category (%)
YTD 51.1% -0.3% 50.1% 0.18%
1 Yr 57.8% 3.3% 68.8% 1.99%
3 Yr 10.4%* -25.9% 24.2% 6.27%
5 Yr 20.9%* -14.0% 29.6% 4.75%
10 Yr N/A* -4.9% 19.8% 16.11%

* Annualized

Return Ranking - Calendar

Period ALGYX Return Category Return Low Category Return High Rank in Category (%)
2023 44.5% -74.1% 72.4% 13.59%
2022 -35.8% -85.9% 4.7% 59.76%
2021 5.6% -52.4% 60.5% 60.13%
2020 37.6% -34.3% 145.0% 20.04%
2019 31.3% -6.9% 49.4% 15.59%

Total Return Ranking - Trailing

Period ALGYX Return Category Return Low Category Return High Rank in Category (%)
YTD 51.1% -0.3% 50.1% 0.18%
1 Yr 57.8% 3.3% 68.8% 1.99%
3 Yr 10.4%* -25.9% 24.2% 6.27%
5 Yr 20.9%* -14.0% 29.6% 4.75%
10 Yr N/A* -4.9% 19.8% 15.53%

* Annualized

Total Return Ranking - Calendar

Period ALGYX Return Category Return Low Category Return High Rank in Category (%)
2023 44.7% -4.6% 72.4% 19.29%
2022 -35.7% -61.7% 5.6% 79.74%
2021 20.0% -39.8% 118.1% 61.06%
2020 46.1% 2.8% 149.2% 20.13%
2019 34.3% -5.2% 49.4% 39.47%

NAV & Total Return History

ALGYX - Holdings

Concentration Analysis

ALGYX Category Low Category High ALGYX % Rank
Net Assets 1.4 B 296 K 287 B 51.76%
Number of Holdings 51 2 3061 63.87%
Net Assets in Top 10 936 M 126 K 151 B 48.83%
Weighting of Top 10 58.84% 0.7% 205.0% 26.92%

Top 10 Holdings

  1. Microsoft Corp 12.77%
  2. NVIDIA Corp 12.44%
  3. Amazon.com Inc 6.41%
  4. Apple Inc 6.00%
  5. Meta Platforms Inc 5.86%
  6. Dreyfus Treasury Obligations Cash Management Fund 4.05%
  7. Alphabet Inc 3.20%
  8. AppLovin Corp 3.00%
  9. Broadcom Inc 2.79%
  10. HEICO Corp 2.32%

Asset Allocation

Weighting Return Low Return High ALGYX % Rank
Stocks 		96.13% 0.00% 115.30% 90.54%
Cash 		4.05% 0.00% 173.52% 8.20%
Preferred Stocks 		0.00% 0.00% 10.69% 97.57%
Other 		0.00% -31.50% 50.35% 94.50%
Convertible Bonds 		0.00% 0.00% 1.94% 97.47%
Bonds 		0.00% 0.00% 102.71% 97.57%

Stock Sector Breakdown

Weighting Return Low Return High ALGYX % Rank
Technology 		43.05% 0.00% 65.70% 14.08%
Consumer Cyclical 		20.79% 0.00% 62.57% 15.07%
Financial Services 		9.53% 0.00% 43.06% 46.84%
Communication Services 		8.98% 0.00% 66.40% 67.96%
Healthcare 		8.78% 0.00% 39.76% 84.75%
Industrials 		7.55% 0.00% 30.65% 32.67%
Energy 		0.87% 0.00% 41.09% 45.04%
Basic Materials 		0.44% 0.00% 18.91% 69.86%
Utilities 		0.00% 0.00% 16.07% 98.56%
Real Estate 		0.00% 0.00% 16.05% 99.19%
Consumer Defense 		0.00% 0.00% 25.50% 99.82%

Stock Geographic Breakdown

Weighting Return Low Return High ALGYX % Rank
US 		96.13% 0.00% 115.30% 77.03%
Non US 		0.00% 0.00% 75.51% 97.93%

ALGYX - Expenses

Operational Fees

ALGYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.64% 0.01% 28.71% 79.75%
Management Fee 0.52% 0.00% 1.50% 36.21%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.03% 0.01% 1.02% 8.99%

Sales Fees

ALGYX 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% 5.00% N/A

Trading Fees

ALGYX 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.

ALGYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 107.82% 0.00% 316.74% 90.40%

ALGYX - Distributions

Dividend Yield Analysis

ALGYX Category Low Category High ALGYX % Rank
Dividend Yield 0.09% 0.00% 27.58% 39.50%

Dividend Distribution Analysis

ALGYX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annually Annual Annual

Net Income Ratio Analysis

ALGYX Category Low Category High ALGYX % Rank
Net Income Ratio -0.10% -6.13% 3.48% 33.79%

Capital Gain Distribution Analysis

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

Distributions History

View More +

ALGYX - Fund Manager Analysis

Managers

Patrick Kelly

Start Date

Tenure

Tenure Rank

Dec 01, 2012

9.5

9.5%

Patrick Kelly, CFA is Executive Vice President, Portfolio Manager and Head of Alger Capital Appreciation and Spectra Strategies, which include Alger Focus Equity. He joined Alger in 1999 and has 24 years of investment experience. 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 then ultimately Senior Analyst, responsible for the Technology sector. Patrick was named Portfolio Manager of the Alger Capital Appreciation and Alger Spectra Strategies in 2004, and was named Head of Alger Capital Appreciation and Alger Spectra Strategies in 2015. Additionally, Patrick is a member of The Alger Partners Plan. During his tenure at Alger, he has been featured and quoted in a number of publications such as: Barron’s, Investor’s Business Daily, Citywire, Bloomberg, and Fortune. Prior to joining Alger, Patrick was an investment banking analyst with SG Cowen. He earned his B.S from Georgetown University where he graduated with honors. Patrick is a CFA charterholder and a member of the CFA Institute.

Ankur Crawford

Start Date

Tenure

Tenure Rank

Mar 31, 2021

1.17

1.2%

Dr. Ankur Crawford is Executive Vice President and Portfolio Manager of the Alger Capital Appreciation, Alger Focus Equity, and Alger Spectra strategies. She joined Alger in September 2004 and has 17 years of investment experience. Ankur began her career at Alger as a Research Associate and successfully completed Alger’s in-house analyst training program. Over the next several years, Ankur was promoted to Associate Analyst, Analyst, and, ultimately, Senior Analyst. She was named portfolio manager of the Alger Mid Cap Growth strategies in 2010 and promoted to Head of the Technology sector team in January 2013 (until April 2016). In 2015, Ankur was added as a portfolio manager of the Alger Capital Appreciation, Alger Focus Equity and Alger Spectra strategies. Ankur is a member of The Alger Partners Plan. During her tenure at Alger, she has been featured and quoted in InvestmentNews, Investor’s Business Daily and Fortune. In 2020, Ankur was recognized as a “Top Women in Asset Management” honoree by Money Management Executive. Ankur was elected to the board of The Knowledge House, a Bronx-based charity with the mission of teaching underprivileged communities a skill set in technology that enables them to enter the “gig” economy. Ankur earned a B.S. in both Mechanical Engineering and Materials Science and Engineering from the University of California, Berkeley and also received an M.S. and a Ph.D. in Materials Science and Engineering from Stanford University. Ankur was awarded a fellowship from the prestigious Intel PhD Fellowship Program and worked as an engineer with Intel. She was also awarded a fellowship from the National Academy of Sciences, Engineering and Medicine. In addition, Ankur holds several U.S. patents.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 54.45 8.24 3.08

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