Alger Spectra A
- SPECX
- Price as of: Apr 16, 2021
-
$31.25
N/A N/A
- Primary Theme
- U.S. Large-Cap Growth Equity
- Fund Company
- Alger
- Share Class
SPECX - Snapshot
Vitals
- YTD Return 5.6%
- 3 Yr Annualized Return 21.7%
- 5 Yr Annualized Return 20.3%
- Net Assets $7.73 B
- Holdings in Top 10 45.5%
52 WEEK LOW AND HIGH
Expenses
OPERATING RELATED FEES
- Expense Ratio 1.40%
SALES FEES
- Front Load 5.25%
- Deferred Load N/A
BROKERAGE FEES
- Turnover 71.81%
TRADING FEES
- Max Redemption Fee N/A
Min Investment
- Standard (Taxable) $1,000
- IRA $500
Fund Classification
-
Primary Theme
U.S. Large-Cap Growth Equity
- Fund Type Open End Mutual Fund
- Investment Style Large Growth
SPECX - Profile
Distributions
- YTD Total Return 5.6%
- 3 Yr Annualized Total Return 19.5%
- 5 Yr Annualized Total Return 19.0%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.66%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annually
Fund Details
-
Legal NameAlger Spectra Fund
-
Fund Family NameAlger
-
Inception DateJul 28, 1969
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerPatrick Kelly
Fund Description
The fund invests primarily in the equity securities of companies of any size that the manager believes demonstrate promising growth potential. Equity securities include common or preferred stocks that are listed on U.S. or foreign exchanges. It may invest a significant portion of its assets in securities of companies conducting business within a single sector, including the information technology, consumer discretionary, and health care sectors.
SPECX - Performance
Return Ranking - Trailing
| Period | SPECX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 5.6% | -89.1% | 112.0% | 87.20% |
| 1 Yr | 63.0% | -9.0% | 148.0% | 38.78% |
| 3 Yr | 21.7%* | 5.3% | 44.2% | 34.80% |
| 5 Yr | 20.3%* | 0.4% | 40.4% | 37.57% |
| 10 Yr | 15.8%* | 1.3% | 22.9% | 30.29% |
* Annualized
Return Ranking - Calendar
| Period | SPECX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2020 | 31.4% | -67.0% | 145.0% | 29.09% |
| 2019 | 23.2% | -28.8% | 76.0% | 57.28% |
| 2018 | -11.4% | -57.9% | 10.6% | 48.40% |
| 2017 | 23.5% | -68.7% | 64.3% | 28.11% |
| 2016 | -2.2% | -56.6% | 15.3% | 63.24% |
Total Return Ranking - Trailing
| Period | SPECX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 5.6% | -89.1% | 112.0% | 87.20% |
| 1 Yr | 54.5% | -9.0% | 148.0% | 74.20% |
| 3 Yr | 19.5%* | 4.0% | 44.2% | 53.80% |
| 5 Yr | 19.0%* | -0.7% | 40.4% | 51.79% |
| 10 Yr | 15.2%* | 0.7% | 22.9% | 41.24% |
* Annualized
Total Return Ranking - Calendar
| Period | SPECX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2020 | 31.4% | -67.0% | 145.0% | 29.09% |
| 2019 | 23.2% | -28.8% | 76.0% | 57.45% |
| 2018 | -11.4% | -57.9% | 16.5% | 66.81% |
| 2017 | 23.5% | -24.8% | 64.3% | 65.82% |
| 2016 | -2.2% | -56.6% | 17.1% | 79.56% |
NAV & Total Return History
SPECX - Holdings
Concentration Analysis
| SPECX | Category Low | Category High | SPECX % Rank | |
|---|---|---|---|---|
| Net Assets | 7.73 B | 25 | 259 B | 22.87% |
| Number of Holdings | 145 | 1 | 2674 | 16.69% |
| Net Assets in Top 10 | 3.57 B | 184 K | 96.2 B | 22.75% |
| Weighting of Top 10 | 45.54% | 10.8% | 100.0% | 40.64% |
Top 10 Holdings
- Microsoft Corp 8.25%
- Apple Inc 7.60%
- Amazon.com Inc 7.09%
- Alibaba Group Holding Ltd ADR 4.54%
- Alphabet Inc Class C 4.50%
- Visa Inc Class A 4.02%
- Facebook Inc A 3.72%
- Salesforce.com Inc 3.30%
- Adobe Inc 2.81%
- Qualcomm Inc 2.78%
Asset Allocation
| Weighting | Return Low | Return High | SPECX % Rank | |
|---|---|---|---|---|
| Stocks | 100.55% | 47.03% | 136.08% | 0.89% |
| Other | 0.15% | -2.00% | 21.08% | 10.55% |
| Cash | 0.06% | -36.08% | 47.74% | 87.43% |
| Preferred Stocks | 0.01% | 0.00% | 2.74% | 10.63% |
| Convertible Bonds | 0.00% | 0.00% | 15.13% | 15.49% |
| Bonds | -0.77% | -0.77% | 24.87% | 99.85% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | SPECX % Rank | |
|---|---|---|---|---|
| Technology | 37.87% | 0.00% | 86.66% | 25.60% |
| Consumer Cyclical | 21.82% | 0.00% | 47.80% | 7.63% |
| Communication Services | 14.52% | 0.00% | 68.19% | 44.16% |
| Healthcare | 9.81% | 0.00% | 61.09% | 84.51% |
| Financial Services | 7.70% | 0.00% | 41.22% | 72.46% |
| Industrials | 4.84% | 0.00% | 30.46% | 56.81% |
| Basic Materials | 1.76% | 0.00% | 16.57% | 33.46% |
| Real Estate | 1.15% | 0.00% | 21.30% | 50.22% |
| Consumer Defense | 0.54% | 0.00% | 18.03% | 89.00% |
| Utilities | 0.00% | 0.00% | 10.98% | 42.66% |
| Energy | 0.00% | 0.00% | 8.18% | 44.99% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | SPECX % Rank | |
|---|---|---|---|---|
| US | 93.71% | 10.87% | 133.85% | 50.97% |
| Non US | 6.84% | 0.00% | 86.88% | 33.68% |
SPECX - Expenses
Operational Fees
| SPECX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.40% | 0.01% | 46.74% | 25.92% |
| Management Fee | 0.75% | 0.00% | 1.50% | 78.27% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 30.85% |
| Administrative Fee | 0.03% | 0.01% | 1.02% | 3.69% |
Sales Fees
| SPECX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | 5.25% | 2.25% | 8.50% | 67.37% |
| Deferred Load | N/A | 1.00% | 5.50% | N/A |
Trading Fees
| SPECX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.50% | 5.00% | 11.03% |
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.
| SPECX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 71.81% | 0.00% | 358.00% | 76.75% |
SPECX - Distributions
Dividend Yield Analysis
| SPECX | Category Low | Category High | SPECX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 5.46% | 16.67% |
Dividend Distribution Analysis
| SPECX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annually | Annually | Annually | Annually |
Net Income Ratio Analysis
| SPECX | Category Low | Category High | SPECX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.66% | -56.00% | 1.83% | 83.03% |
Capital Gain Distribution Analysis
| SPECX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
SPECX - Fund Manager Analysis
Managers
Patrick Kelly
Start Date
Tenure
Tenure Rank
Sep 01, 2004
16.59
16.6%
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.
Daniel Chung
Start Date
Tenure
Tenure Rank
Feb 11, 2021
0.13
0.1%
Dan Chung, CFA is Chief Executive Officer, Chief Investment Officer and Portfolio Manager of several Alger strategies. Dan joined Alger in 1994 and has 25 years of investment experience. He was named Chief Investment Officer in September 2001, President in 2003, and CEO in 2006. Dan graduated from Stanford University with B.A. and B.S. degrees, with Distinction and Phi Beta Kappa, in 1984. He earned his J.D. magna cum laude from Harvard Law School in 1987, where he was an editor of the Harvard Law Review. After law school, he served as law clerk for the Honorable Justice Anthony M. Kennedy, United States Supreme Court. He joined Simpson Thacher & Bartlett LLP in New York City in 1989 and earned an L.L.M. from New York University. Dan is a CFA charterholder and a member of the CFA Institute. Throughout his tenure at Alger, Dan has made numerous TV appearances on Bloomberg, CNBC, and Fox Business. Dan has also been featured and quoted frequently in Barron’s, Citywire, Forbes, Investment News, Pensions & Investments, USA Today, and the Wall Street Journal.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.03 | 53.28 | 7.81 | 1.25 |