AOFAX: Alger Small Cap Focus Fund - MutualFunds.com

Welcome to MutualFunds.com

Please help us personalize your experience and select the one that best describes you.

Your personalized experience is almost ready.

Join other Individual Investors receiving FREE personalized market updates and research. Join other Institutional Investors receiving FREE personalized market updates and research. Join other Financial Advisors receiving FREE personalized market updates and research.

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission

We hope you enjoy your experience

Channels

Fixed income news, reports, video and more.

Municipal bonds news, reports, video and more.

Practice management news, reports, video and more.

Portfolio management news, reports, video and more.

Retirement news, reports, video and more.

Learn from industry thought leaders and expert market participants.

Deepen your understanding of Responsible Investing.

Enhance retirement outcomes with helpful tactics.

Alger Small Cap Focus A

AOFAX - Snapshot

Vitals

  • YTD Return 30.5%
  • 3 Yr Annualized Return 23.7%
  • 5 Yr Annualized Return 21.2%
  • Net Assets $5.87 B
  • Holdings in Top 10 30.7%

52 WEEK LOW AND HIGH

$27.84
$15.65
$28.82

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.19%

SALES FEES

  • Front Load 5.25%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 48.84%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

Closed to new investors as of Jul 31, 2019
  • Standard (Taxable) $1,000
  • IRA $500

Fund Classification


Compare AOFAX to Popular U.S. Small-Cap Growth Equity Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$61.44

-2.77%

$27.33 B

0.25%

$0.16

9.93%

0.19%

$218.65

-2.75%

$27.33 B

0.51%

$1.14

10.81%

0.07%

$110.92

-2.81%

$16.52 B

0.26%

$0.29

6.13%

0.45%

$31.89

-2.83%

$10.49 B

0.00%

$0.00

2.21%

0.80%

$62.11

-2.45%

$10.09 B

0.04%

$0.03

5.94%

1.01%

AOFAX - Profile

Distributions

  • YTD Total Return 30.5%
  • 3 Yr Annualized Total Return 21.5%
  • 5 Yr Annualized Total Return 19.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.95%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Alger Small Cap Focus Fund
  • Fund Family Name
    Alger
  • Inception Date
    Mar 03, 2008
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Amy Zhang

Fund Description

The fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of companies that, at the time of purchase of the securities, have total market capitalization between (1) the higher of (a) $5 billion or (b) the company in either the Russell 2000 Growth Index or the MSCI USA Small Cap Index with the highest capitalization, and (2) the company in either index with the lowest capitalization, at any time during the most recent 12-month period as reported by either index. Both indexes are broad-based indexes of small capitalization stocks.


AOFAX - Performance

Return Ranking - Trailing

Period AOFAX Return Category Return Low Category Return High Rank in Category (%)
YTD 30.5% -53.0% 266.3% 10.31%
1 Yr 34.2% -19.8% 88.8% 18.76%
3 Yr 23.7%* -10.9% 36.3% 8.32%
5 Yr 21.2%* -2.8% 28.8% 5.40%
10 Yr 16.0%* -3.4% 21.5% 11.67%

* Annualized

Return Ranking - Calendar

Period AOFAX Return Category Return Low Category Return High Rank in Category (%)
2019 21.2% -9.6% 42.9% 52.56%
2018 13.2% -76.3% 13.6% 0.51%
2017 27.6% -52.6% 37.0% 8.30%
2016 8.3% -49.0% 26.1% 42.60%
2015 1.6% -59.6% 8.6% 4.50%

Total Return Ranking - Trailing

Period AOFAX Return Category Return Low Category Return High Rank in Category (%)
YTD 30.5% -53.7% 266.3% 10.31%
1 Yr 27.1% -24.0% 88.8% 31.21%
3 Yr 21.5%* -12.0% 36.3% 11.11%
5 Yr 19.9%* -3.2% 28.8% 9.80%
10 Yr 15.4%* -3.7% 21.5% 14.29%

* Annualized

Total Return Ranking - Calendar

Period AOFAX Return Category Return Low Category Return High Rank in Category (%)
2019 21.2% -9.6% 42.9% 52.56%
2018 13.2% -54.2% 14.5% 0.51%
2017 27.6% -8.4% 42.0% 16.04%
2016 8.3% -16.4% 31.4% 59.20%
2015 1.6% -59.6% 19.3% 10.06%

NAV & Total Return History


AOFAX - Holdings

Concentration Analysis

AOFAX Category Low Category High AOFAX % Rank
Net Assets 5.87 B 25 27.3 B 6.57%
Number of Holdings 52 1 2014 87.77%
Net Assets in Top 10 1.75 B 298 K 3.26 B 4.23%
Weighting of Top 10 30.66% 6.1% 100.0% 17.40%

Top 10 Holdings

  1. Quidel Corp 5.18%
  2. Veeva Systems Inc Class A 3.50%
  3. Wingstop Inc 3.41%
  4. Chegg Inc 3.35%
  5. Everbridge Inc 2.76%
  6. Bio-Techne Corp 2.60%
  7. Abiomed Inc 2.58%
  8. Natera Inc 2.56%
  9. Avalara Inc 2.52%
  10. CareDx Inc 2.45%

Asset Allocation

Weighting Return Low Return High AOFAX % Rank
Stocks
99.25% 52.72% 100.90% 17.87%
Cash
0.75% -4.85% 23.40% 77.27%
Preferred Stocks
0.00% 0.00% 4.28% 50.16%
Other
0.00% -10.10% 24.04% 55.64%
Convertible Bonds
0.00% 0.00% 0.16% 44.98%
Bonds
0.00% 0.00% 3.66% 47.49%

Stock Sector Breakdown

Weighting Return Low Return High AOFAX % Rank
Healthcare
41.66% 0.00% 52.56% 1.72%
Technology
41.45% 8.25% 76.43% 2.66%
Industrials
6.34% 0.00% 33.63% 95.30%
Consumer Cyclical
4.93% 0.00% 33.53% 94.51%
Consumer Defense
3.38% 0.00% 16.96% 73.82%
Basic Materials
1.37% 0.00% 11.71% 57.05%
Financial Services
0.87% 0.00% 20.60% 97.34%
Utilities
0.00% 0.00% 4.53% 64.42%
Real Estate
0.00% 0.00% 15.27% 91.85%
Energy
0.00% 0.00% 48.50% 73.98%
Communication Services
0.00% 0.00% 18.20% 92.95%

Stock Geographic Breakdown

Weighting Return Low Return High AOFAX % Rank
US
97.80% 52.72% 99.99% 15.36%
Non US
1.45% 0.00% 26.06% 70.53%

AOFAX - Expenses

Operational Fees

AOFAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.19% 0.05% 36.03% 53.56%
Management Fee 0.75% 0.05% 1.50% 37.30%
12b-1 Fee 0.25% 0.00% 1.00% 43.50%
Administrative Fee 0.03% 0.01% 0.40% 2.85%

Sales Fees

AOFAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.25% 2.50% 5.75% 78.57%
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

AOFAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 24.37%

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.

AOFAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 48.84% 4.00% 442.00% 40.35%

AOFAX - Distributions

Dividend Yield Analysis

AOFAX Category Low Category High AOFAX % Rank
Dividend Yield 0.00% 0.00% 26.49% 48.67%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

AOFAX Category Low Category High AOFAX % Rank
Net Income Ratio -0.95% -3.17% 1.23% 80.10%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

AOFAX - Fund Manager Analysis

Managers

Amy Zhang


Start Date

Tenure

Tenure Rank

Feb 12, 2015

5.64

5.6%

Amy Zhang, CFA is Executive Vice President and Portfolio Manager of the Alger Small Cap Focus, Alger Mid Cap Focus and Alger Small Cap Growth strategies. She joined Alger in 2015 and has 24 years of investment experience. Additionally, Amy is a member of The Alger Partners Plan. During her tenure at Alger, she has been featured and quoted in a number of publications such as: The Wall Street Journal, Barron’s, The New York Times, Citywire, Investor’s Business Daily, Business Insider, Investment News, MarketWatch, China Business News, CNBC, and CNN. Prior to joining Alger, Amy worked at Brown Capital Management as a Partner, Managing Director, and Senior Portfolio Manager of its Brown Capital Small Company Fund. Her previous experience includes working as a Portfolio Manager/Analyst at Epsilon Investment Management, Research Analyst at Templeton Worldwide, and Associate at Citicorp Securities. She is a former President of the CFA Society Baltimore and is currently chair of their Advisory Board. She served as a member on the Board of Directors, as well as Vice President and Programs Chair for the CFA Society of Stamford. Amy is also a member of the Board of Trustees of Manhattanville College, where she founded the AYZ STEM scholarship. Amy earned her B.A. from Manhattanville College, where she graduated summa cum laude. She earned her M.B.A. from Columbia Business School, where she was inducted into the Beta Gamma Sigma honor society and named to the Dean’s List. Amy is a CFA charterholder and a member of the CFA Institute.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 29.18 8.19 3.59