SPECX: Alger Spectra A

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SPECX Alger Spectra A


Profile

SPECX - Profile

Vitals

  • YTD Return 19.0%
  • 3 Yr Annualized Return 10.9%
  • 5 Yr Annualized Return 7.5%
  • Net Assets $6.66 B
  • Holdings in Top 10 48.6%

52 WEEK LOW AND HIGH

$26.71
$17.09
$26.71

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.31%

SALES FEES

  • Front Load 5.25%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 86.54%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

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

Fund Classification


Distributions

  • YTD Total Return 19.0%
  • 3 Yr Annualized Total Return 10.9%
  • 5 Yr Annualized Total Return 7.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.35%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Alger Spectra Fund
  • Fund Family Name
    Alger
  • Inception Date
    Jul 28, 1969
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Patrick 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.


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Categories

Performance

SPECX - Performance

Return Ranking - Trailing

Period SPECX Return Category Return Low Category Return High Rank in Category (%)
YTD 19.0% -91.6% 68.8% 20.44%
1 Yr 17.4% -91.9% 61.2% 28.91%
3 Yr 10.9%* -58.9% 38.1% 30.45%
5 Yr 7.5%* -41.3% 20.3% 32.98%
10 Yr 10.4%* -18.2% 18.3% 29.49%

* Annualized

Return Ranking - Calendar

Period SPECX Return Category Return Low Category Return High Rank in Category (%)
2019 23.2% -67.9% 49.9% 54.86%
2018 -11.4% -65.5% 10.6% 43.97%
2017 23.5% -46.3% 52.2% 25.49%
2016 -2.2% -43.3% 15.3% 62.14%
2015 -1.5% -82.5% 11.4% 37.10%

Total Return Ranking - Trailing

Period SPECX Return Category Return Low Category Return High Rank in Category (%)
YTD 19.0% -91.6% 68.8% 20.44%
1 Yr 17.4% -91.9% 61.2% 28.91%
3 Yr 10.9%* -57.8% 38.1% 50.88%
5 Yr 7.5%* -38.6% 26.2% 63.93%
10 Yr 10.4%* -16.3% 22.3% 67.90%

* Annualized

Total Return Ranking - Calendar

Period SPECX Return Category Return Low Category Return High Rank in Category (%)
2019 23.2% -67.9% 49.9% 54.94%
2018 -11.4% -65.5% 16.5% 64.40%
2017 23.5% -28.2% 52.2% 62.52%
2016 -2.2% -43.3% 17.1% 79.04%
2015 -1.5% -38.0% 17.3% 68.20%

NAV & Total Return History


Holdings

SPECX - Holdings

Concentration Analysis

SPECX Category Low Category High SPECX % Rank
Net Assets 6.66 B 858 K 206 B 19.02%
Number of Holdings 123 1 2152 21.21%
Net Assets in Top 10 2.91 B 399 K 55.4 B 19.55%
Weighting of Top 10 48.56% 13.8% 100.0% 22.42%

Top 10 Holdings

  1. Microsoft Corp 8.85%
  2. Amazon.com Inc 7.27%
  3. Apple Inc 5.84%
  4. Alphabet Inc Class C 4.91%
  5. Visa Inc Class A 4.81%
  6. Facebook Inc A 4.48%
  7. Alibaba Group Holding Ltd ADR 3.97%
  8. Salesforce.com Inc 3.01%
  9. Adobe Inc 2.86%
  10. UnitedHealth Group Inc 2.55%

Asset Allocation

Weighting Return Low Return High SPECX % Rank
Stocks
99.92% 82.99% 100.32% 8.94%
Preferred Stocks
0.19% 0.00% 2.51% 6.21%
Cash
0.12% -1.02% 17.02% 87.95%
Other
0.00% -9.83% 5.14% 42.73%
Convertible Bonds
0.00% 0.00% 0.20% 33.11%
Bonds
-0.24% -0.24% 2.77% 99.85%

Stock Sector Breakdown

Weighting Return Low Return High SPECX % Rank
Technology
33.34% 10.36% 54.73% 30.61%
Consumer Cyclical
19.09% 0.00% 29.26% 12.88%
Healthcare
13.98% 0.00% 48.60% 73.26%
Communication Services
12.65% 0.00% 29.93% 45.68%
Financial Services
10.55% 0.00% 41.40% 55.83%
Industrials
5.20% 0.00% 24.88% 64.92%
Basic Materials
2.30% 0.00% 11.07% 27.65%
Real Estate
2.06% 0.00% 22.16% 45.15%
Consumer Defense
0.82% 0.00% 21.78% 86.74%
Utilities
0.00% 0.00% 6.86% 55.98%
Energy
0.00% 0.00% 7.42% 65.38%

Stock Geographic Breakdown

Weighting Return Low Return High SPECX % Rank
US
91.86% 78.13% 100.26% 59.24%
Non US
8.06% 0.00% 17.42% 24.55%

Expenses

SPECX - Expenses

Operational Fees

SPECX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.31% 0.01% 24.73% 33.51%
Management Fee 0.77% 0.00% 1.40% 87.55%
12b-1 Fee 0.25% 0.00% 1.00% 32.51%
Administrative Fee 0.03% 0.01% 1.02% 3.54%

Sales Fees

SPECX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.25% 2.50% 8.50% 73.16%
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% 2.00% 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 86.54% 0.00% 464.00% 83.52%

Distributions

SPECX - Distributions

Dividend Yield Analysis

SPECX Category Low Category High SPECX % Rank
Dividend Yield 0.00% 0.00% 20.53% 34.90%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

SPECX Category Low Category High SPECX % Rank
Net Income Ratio -0.35% -2.06% 2.43% 74.67%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

SPECX - Fund Manager Analysis

Managers

Patrick Kelly


Start Date

Tenure

Tenure Rank

Sep 01, 2004

15.84

15.8%

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.

Ankur Crawford


Start Date

Tenure

Tenure Rank

Jun 01, 2015

5.08

5.1%

Dr. Ankur Crawford is Executive Vice President and Portfolio Manager of the Alger Capital Appreciation, Alger Capital Appreciation Focus, Alger Spectra, and Alger 25 strategies. Dr. Crawford joined Alger in September 2004 and has 15 years of investment experience. She began her career at Alger as a Research Associate and completed Alger’s in-house analyst training program. Over the next several years, Dr. Crawford was promoted to Associate Analyst, Analyst, and then ultimately to Senior Analyst. Dr. Crawford also became a portfolio manager to the Alger Mid Cap Growth strategies in 2010. Additionally, she was Head of the Technology sector team from January 2013 – April 2016. In 2015, Ankur was named a portfolio manager of the Alger Capital Appreciation and Alger Spectra strategies. Prior to joining Alger, she earned a Ph.D. in Materials Science and Engineering from Stanford University. Dr. Crawford was an awardee of the prestigious Intel Corporation Ph.D. Fellowship Program and worked as an engineer with Intel. Previously, she was a summer analyst with Merrill Lynch. She graduated from the University of California, Berkeley, with a B.S. in Mechanical Engineering and a B.S. in Materials Science and Engineering.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 52.53 8.32 1.17