SPECX: Alger Spectra Fund - MutualFunds.com
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Alger Spectra A

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

$31.25
$20.88
$31.88

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


Compare SPECX to Popular U.S. Large-Cap Growth Equity Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$73.35

+0.06%

$258.77 B

0.23%

$0.17

8.60%

0.64%

$342.01

+0.12%

$153.76 B

0.51%

$1.74

9.01%

0.20%

$276.47

+0.03%

$147.32 B

0.46%

$1.26

9.13%

0.04%

$142.35

+0.04%

$147.32 B

-

$0.00

9.08%

0.17%

$17.91

+0.17%

$131.82 B

-

$0.00

6.86%

0.86%

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%
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.


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

  1. Microsoft Corp 8.25%
  2. Apple Inc 7.60%
  3. Amazon.com Inc 7.09%
  4. Alibaba Group Holding Ltd ADR 4.54%
  5. Alphabet Inc Class C 4.50%
  6. Visa Inc Class A 4.02%
  7. Facebook Inc A 3.72%
  8. Salesforce.com Inc 3.30%
  9. Adobe Inc 2.81%
  10. 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

Dividend Payout History

View More +

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