ALMAX: Alger SMid Cap Focus A

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ALMAX Alger SMid Cap Focus A


Profile

ALMAX - Profile

Vitals

  • YTD Return 7.8%
  • 3 Yr Annualized Return 13.7%
  • 5 Yr Annualized Return -2.2%
  • Net Assets $594 M
  • Holdings in Top 10 44.9%

52 WEEK LOW AND HIGH

$15.12
$11.87
$15.16

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.31%

SALES FEES

  • Front Load 5.25%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 64.83%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000
  • IRA $500

Fund Classification


Distributions

  • YTD Total Return 7.8%
  • 3 Yr Annualized Total Return 13.7%
  • 5 Yr Annualized Total Return 9.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -1.08%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Alger Weatherbie Specialized Growth Fund Class A
  • Fund Family Name
    Alger
  • Inception Date
    May 08, 2002
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    H. George Dai

Fund Description

Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of small-cap and mid-cap companies. Equity securities include common or preferred stocks that are listed on U.S. or foreign exchanges. Small-cap or mid-cap companies are companies that, at the time of purchase, have total market capitalization within the range of companies included in the Russell 2500 Growth Index or the Russell Midcap Growth Index, respectively, as reported by the indexes as of the most recent quarter-end.


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Categories

Performance

ALMAX - Performance

Return Ranking - Trailing

Period ALMAX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.8% 0.0% 10.6% 3.36%
1 Yr 29.3% -51.5% 53.7% 36.36%
3 Yr 13.7%* -38.0% 45.0% 33.15%
5 Yr -2.2%* -28.3% 25.8% 86.61%
10 Yr 1.9%* -10.4% 20.0% 89.22%

* Annualized

Return Ranking - Calendar

Period ALMAX Return Category Return Low Category Return High Rank in Category (%)
2019 33.8% -50.2% 44.9% 16.03%
2018 -12.7% -51.7% 102.3% 39.25%
2017 21.8% -21.1% 36.0% 21.44%
2016 -7.7% -61.7% 40.3% 93.03%
2015 -37.1% -54.0% 12.2% 97.84%

Total Return Ranking - Trailing

Period ALMAX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.8% 0.0% 10.6% 3.36%
1 Yr 29.3% -51.5% 53.7% 33.68%
3 Yr 13.7%* -33.1% 45.0% 40.22%
5 Yr 9.5%* -20.9% 25.8% 41.42%
10 Yr 7.8%* -5.0% 20.0% 79.25%

* Annualized

Total Return Ranking - Calendar

Period ALMAX Return Category Return Low Category Return High Rank in Category (%)
2019 33.8% -50.2% 44.9% 16.03%
2018 -12.7% -51.7% 102.3% 58.06%
2017 21.8% -7.0% 39.4% 60.15%
2016 3.4% -61.7% 40.3% 56.35%
2015 -1.3% -54.0% 12.2% 49.14%

NAV & Total Return History


Holdings

ALMAX - Holdings

Concentration Analysis

ALMAX Category Low Category High ALMAX % Rank
Net Assets 594 M 740 K 34.6 B 57.72%
Number of Holdings 52 1 2554 83.72%
Net Assets in Top 10 243 M 183 K 5.97 B 49.83%
Weighting of Top 10 44.91% 5.5% 100.0% 11.07%

Top 10 Holdings

  1. Nevro Corp 5.67%
  2. Paylocity Holding Corp 5.64%
  3. Chegg Inc 5.17%
  4. FirstService Corp 5.14%
  5. Casella Waste Systems Inc Class A 4.85%
  6. Insulet Corp 4.30%
  7. Glaukos Corp 3.94%
  8. EPAM Systems Inc 3.57%
  9. Planet Fitness Inc A 3.37%
  10. The Trade Desk Inc A 3.27%

Asset Allocation

Weighting Return Low Return High ALMAX % Rank
Stocks
93.02% 89.33% 121.88% 96.48%
Cash
6.93% -27.03% 11.17% 3.02%
Preferred Stocks
0.05% 0.00% 1.89% 7.55%
Other
0.00% -11.06% 5.15% 90.60%
Convertible Bonds
0.00% 0.00% 0.07% 92.28%
Bonds
0.00% 0.00% 2.56% 92.11%

Stock Sector Breakdown

Weighting Return Low Return High ALMAX % Rank
Technology
30.92% 0.00% 56.36% 29.19%
Healthcare
28.97% 0.00% 38.81% 2.85%
Industrials
12.78% 0.00% 33.54% 83.22%
Consumer Cyclical
8.79% 2.74% 58.77% 92.45%
Consumer Defense
7.80% 0.00% 16.09% 6.21%
Real Estate
5.52% 0.00% 52.42% 28.19%
Financial Services
4.66% 0.00% 40.35% 83.05%
Energy
0.55% 0.00% 12.44% 55.03%
Communication Services
0.01% 0.00% 17.52% 82.05%
Utilities
0.00% 0.00% 6.40% 95.13%
Basic Materials
0.00% 0.00% 19.70% 98.32%

Stock Geographic Breakdown

Weighting Return Low Return High ALMAX % Rank
US
85.79% 80.04% 115.67% 89.77%
Non US
7.23% 0.00% 17.06% 17.79%

Expenses

ALMAX - Expenses

Operational Fees

ALMAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.31% 0.00% 27.43% 39.39%
Management Fee 0.81% 0.00% 1.50% 73.78%
12b-1 Fee 0.25% 0.00% 1.00% 60.96%
Administrative Fee 0.03% 0.01% 0.40% 9.42%

Sales Fees

ALMAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.25% 2.50% 5.75% 84.81%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

ALMAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 58.62%

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.

ALMAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 64.83% 1.24% 385.00% 65.53%

Distributions

ALMAX - Distributions

Dividend Yield Analysis

ALMAX Category Low Category High ALMAX % Rank
Dividend Yield 0.00% 0.00% 41.51% 92.45%

Dividend Distribution Analysis

ALMAX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Quarterly Annually

Net Income Ratio Analysis

ALMAX Category Low Category High ALMAX % Rank
Net Income Ratio -1.08% -2.55% 2.65% 88.95%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

ALMAX - Fund Manager Analysis

Managers

H. George Dai


Start Date

Tenure

Tenure Rank

Mar 01, 2017

2.84

2.8%

George Dai, Ph.D. is Senior Managing Director and Co-Chief Investment Officer of Weatherbie Capital. George is a Portfolio Manager on the Alger SMid Cap Focus Fund, Alger Dynamic Opportunities Fund, and the Weatherbie Specialized Growth Strategy and the Weatherbie Long/Short Strategy. Additionally, George maintains research responsibilities in the media & communications, health care, diversified business, information services, and technology areas. George joined Weatherbie Capital in March 2001 and has 21 years of investment experience. Prior to joining Weatherbie, he was an equity analyst with 1838 Investment Advisors. George received his MBA from the Wharton School, University of Pennsylvania, (Director’s List), and his Ph.D. in chemistry from Johns Hopkins University. Previously, he earned a B.S. from the University of Science and Technology of China and was a pharmaceutical research scientist at Procter & Gamble. George is a prized Bridge player, and he holds four U.S. patents.

Joshua Bennett


Start Date

Tenure

Tenure Rank

Mar 01, 2017

2.84

2.8%

Josh Bennett, CFA is Senior Managing Director and Director of Research at Weatherbie Capital. Josh is a Portfolio Manager on the Alger SMid Cap Focus Fund and the Alger Dynamic Opportunities Fund, and is a Portfolio Manager on the Weatherbie Specialized Growth Strategy and the Weatherbie Long/Short Strategy. Josh also has research responsibilities in the consumer, diversified business, information services, and technology areas. Josh joined Weatherbie Capital in July 2007 and has 19 years of investment experience. Prior to joining Weatherbie, Josh 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 MBA from the Tuck School of Business at Dartmouth (Edward Tuck Scholar with Distinction) and 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 is a Trustee at Lexington Christian Academy (Lexington, MA), and is also a member of the Investment Committee of Christian Camps & Conferences.

Matthew Weatherbie


Start Date

Tenure

Tenure Rank

Mar 01, 2017

2.84

2.8%

Matt Weatherbie, CFA founded Weatherbie Capital, LLC in November 1995 and is Chief Executive Officer and Co-Chief Investment Officer of Weatherbie Capital. Matt is a Portfolio Manager on the Alger SMid Cap Focus Fund and the Weatherbie Specialized Growth Strategy. Matt has 46 years of investing experience. Prior to founding Weatherbie Capital, Matt was Managing Director and the Portfolio Manager of the Putnam Voyager Fund from October 1983 through April 1995 at Putnam Investments. Under his management, Voyager grew from $200 million to over $5 billion in assets. He was also founding Chief Investment Officer of Putnam’s Specialty Growth Equities Group, responsible for all of the firm’s aggressive growth investments. Prior to his tenure at Putnam, Matt was a securities analyst and portfolio manager at MFS Investment Management in Boston. Matt graduated from the University of Toronto and received his M.B.A. from Harvard Business School. He is a CFA charterholder and is a member of both the CFA Society Boston and the CFA Institute. Matt is a member and past chair of the investment committee of the Museum of Fine Arts, Boston.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 33.02 8.06 2.84