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Name

As of 11/20/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Alger Dynamic Opportunities Fund

SPEDX | Fund

$20.86

$250 M

0.00%

2.05%

Vitals

YTD Return

22.9%

1 yr return

29.4%

3 Yr Avg Return

1.4%

5 Yr Avg Return

11.1%

Net Assets

$250 M

Holdings in Top 10

34.9%

52 WEEK LOW AND HIGH

$20.7
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 2.05%

SALES FEES

Front Load 5.25%

Deferred Load N/A

TRADING FEES

Turnover 161.76%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000

IRA

$500

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 11/20/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Alger Dynamic Opportunities Fund

SPEDX | Fund

$20.86

$250 M

0.00%

2.05%

SPEDX - Profile

Distributions

  • YTD Total Return 22.9%
  • 3 Yr Annualized Total Return 1.4%
  • 5 Yr Annualized Total Return 11.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -1.77%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Alger Dynamic Opportunities Fund
  • Fund Family Name
    Alger Family of Funds
  • Inception Date
    Nov 02, 2009
  • Shares Outstanding
    4180382
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Gregory Adams

Fund Description

The Manager believes companies undergoing Positive Dynamic Change offer the best opportunities. Positive Dynamic Change refers to companies realizing High Unit Volume Growth or companies undergoing Positive Lifecycle Change. High Unit Volume Growth companies are traditional growth companies experiencing, for example, rapidly growing demand or market dominance. Positive Lifecycle Change companies are, for example, companies benefitting from new regulations, a new product innovation or new management.A portion of the Fund’s assets are sub-advised by Weatherbie Capital, LLC (“Weatherbie”), an affiliate of the Manager (Weatherbie and the Manager, collectively referred to as the “Manager,” where applicable).  Subject to the general supervision by the Fund’s Board of Trustees, the Manager oversees Weatherbie and evaluates its performance results. The Manager reviews portfolio performance, compliance with investment guidelines and federal securities laws, and changes in key personnel of Weatherbie. Weatherbie is primarily responsible for the day-to-day management of the portion of the Fund’s portfolio that it sub-advises, including purchases and sales of individual securities.The Fund invests in a portfolio of U.S. and foreign equity securities (common stocks, preferred stocks and convertible securities). In addition to purchasing securities (i.e., taking long positions), the Manager will identify securities that it believes will underperform on an absolute or relative basis and will sell these securities short on behalf of the Fund. The Fund will not, however, follow a market neutral strategy and generally will have a net long position. As a result, and as a result of the cash proceeds the Fund will receive from selling securities short, the Fund will generally maintain significant positions in cash and cash equivalents. The Fund may also seek to manage the volatility of either the portfolio, a particular exposure (e.g., sector or industry) of the portfolio or individual securities through short sales, or buying or selling put or call options primarily for hedging purposes. The Fund arranges with a broker to borrow the security being sold short, and replaces the security by buying it at the current market price when it closes out the short sale. If the price of the security sold short has increased since the time of the short sale, the Fund will incur a loss in addition to the costs associated with establishing, maintaining and closing out the short position. If the price of the security sold short has decreased since the time of the short sale, the Fund will experience a gain to the extent the difference in price is greater than these costs.The Fund has no specific guidelines or restrictions governing the concentration of the Fund’s portfolio in specific entities, sectors or market capitalizations. Accordingly, the Fund may invest a portion of its assets in securities issued by small capitalization companies. The Fund may also invest a portion of its assets in equity securities not listed on an exchange.The Fund may invest a significant portion of its assets in securities of companies conducting business within a single sector, as defined by third party sources, including the consumer discretionary, information technology, health care, and industrials sectors.The Fund may sell a stock when it reaches a target price, it fails to perform as expected, or other opportunities appear more attractive. As a result, the Fund may engage in active trading of portfolio securities.The Fund can leverage, that is, borrow money to purchase additional securities.The Fund can invest in foreign securities.
Read More

SPEDX - Performance

Return Ranking - Trailing

Period SPEDX Return Category Return Low Category Return High Rank in Category (%)
YTD 22.9% -11.2% 39.1% 10.20%
1 Yr 29.4% -9.8% 50.9% 8.16%
3 Yr 1.4%* -11.0% 27.4% 76.52%
5 Yr 11.1%* -2.8% 23.9% 14.29%
10 Yr 6.9%* -4.0% 10.2% 19.40%

* Annualized

Return Ranking - Calendar

Period SPEDX Return Category Return Low Category Return High Rank in Category (%)
2023 4.2% -17.3% 43.8% 56.38%
2022 -13.9% -54.0% 17.4% 69.40%
2021 -1.8% -40.0% 54.1% 81.25%
2020 40.2% -47.6% 88.4% 4.10%
2019 8.7% -20.3% 62.6% 53.04%

Total Return Ranking - Trailing

Period SPEDX Return Category Return Low Category Return High Rank in Category (%)
YTD 22.9% -11.2% 39.1% 10.20%
1 Yr 29.4% -9.8% 50.9% 8.16%
3 Yr 1.4%* -11.0% 27.4% 76.52%
5 Yr 11.1%* -2.8% 23.9% 14.29%
10 Yr 6.9%* -4.0% 10.2% 19.40%

* Annualized

Total Return Ranking - Calendar

Period SPEDX Return Category Return Low Category Return High Rank in Category (%)
2023 4.2% -14.5% 43.8% 79.19%
2022 -13.9% -54.0% 50.3% 81.34%
2021 3.9% -40.0% 61.6% 69.53%
2020 47.3% -29.9% 91.0% 5.74%
2019 12.8% -17.9% 79.4% 46.09%

NAV & Total Return History

SPEDX - Holdings

Concentration Analysis

SPEDX Category Low Category High SPEDX % Rank
Net Assets 250 M 1.08 M 6.67 B 32.21%
Number of Holdings 225 3 2209 28.19%
Net Assets in Top 10 73.7 M 656 K 2.41 B 38.93%
Weighting of Top 10 34.87% 2.1% 101.8% 73.15%

Top 10 Holdings

  1. Amazon.com Inc 5.64%
  2. Microsoft Corp 5.44%
  3. TransDigm Group Inc 3.88%
  4. NVIDIA Corp 3.67%
  5. Natera Inc 3.26%
  6. Glaukos Corp 2.86%
  7. Meta Platforms Inc 2.81%
  8. FirstService Corp 2.68%
  9. Vertiv Holdings Co 2.34%
  10. Cadence Design Systems Inc 2.30%

Asset Allocation

Weighting Return Low Return High SPEDX % Rank
Stocks 		66.29% 0.00% 100.92% 62.42%
Cash 		33.59% 0.00% 99.60% 30.20%
Other 		0.12% -48.19% 99.35% 30.87%
Preferred Stocks 		0.00% -1.01% 6.36% 95.30%
Convertible Bonds 		0.00% -0.02% 4.48% 95.04%
Bonds 		0.00% 0.00% 90.68% 97.32%

Stock Sector Breakdown

Weighting Return Low Return High SPEDX % Rank
Technology 		23.80% 0.00% 43.24% 23.33%
Healthcare 		22.42% 0.00% 100.00% 10.83%
Industrials 		17.25% 0.00% 31.93% 11.67%
Energy 		9.59% 0.00% 32.57% 15.83%
Consumer Cyclical 		9.53% 0.00% 88.83% 55.00%
Financial Services 		8.18% 0.00% 83.83% 79.17%
Consumer Defense 		3.55% 0.00% 19.75% 76.67%
Communication Services 		2.52% 0.00% 32.32% 86.67%
Real Estate 		2.09% 0.00% 10.93% 40.00%
Utilities 		0.54% 0.00% 21.71% 67.50%
Basic Materials 		0.53% 0.00% 28.58% 90.00%

Stock Geographic Breakdown

Weighting Return Low Return High SPEDX % Rank
US 		66.97% 0.00% 100.92% 51.01%
Non US 		-0.68% -2.95% 54.79% 99.33%

SPEDX - Expenses

Operational Fees

SPEDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.05% 0.42% 9.95% 54.36%
Management Fee 1.20% 0.00% 2.50% 44.97%
12b-1 Fee 0.25% 0.00% 1.00% 72.15%
Administrative Fee 0.03% 0.03% 1.54% 8.57%

Sales Fees

SPEDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.25% 2.50% 5.75% 77.27%
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

SPEDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% 39.29%

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.

SPEDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 161.76% 0.00% 446.00% 57.39%

SPEDX - Distributions

Dividend Yield Analysis

SPEDX Category Low Category High SPEDX % Rank
Dividend Yield 0.00% 0.00% 27.22% 99.32%

Dividend Distribution Analysis

SPEDX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual SemiAnnual Annual

Net Income Ratio Analysis

SPEDX Category Low Category High SPEDX % Rank
Net Income Ratio -1.77% -3.33% 2.16% 86.39%

Capital Gain Distribution Analysis

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

Distributions History

View More +

SPEDX - Fund Manager Analysis

Managers

Gregory Adams

Start Date

Tenure

Tenure Rank

Nov 02, 2009

12.58

12.6%

Greg Adams, CFA is Senior Vice President, Portfolio Manager of the Alger Dynamic Opportunities strategy, the Alger Responsible Investing Fund, the Alger Growth and Income strategy, and Director of Quantitative & Risk Management. Greg joined Alger in 2006 and has 32 years of experience. Previously, he was Director of Quantitative Research at Lord Abbett & Co., and was responsible for portfolio construction simulation and quantitative stock selection. Over the course of his career, Greg was Managing Director and Portfolio Manager at Deutsche Asset Management and The Chase Manhattan Bank. At Deutsche, where he managed over $10 billion in assets, he was the lead Portfolio Manager for the U.S. Large Cap Core Funds, including Scudder’s flagship Growth & Income Fund. Greg began his tenure at Chase in 1987 as an equity analyst and was promoted to Co‐Manager of the Chase Vista Balanced Fund and the Chase Vista Growth & Income Fund, managing over $2 billion during his tenure. In 1994, Greg was named Manager of the Chase Vista Large Cap Equity Fund. Greg earned a B.A. in American History from the University of Pennsylvania’s School of Arts & Sciences and a B.S. in Economics and Finance from The Wharton School. Greg is a CFA charterholder and a member of the CFA Institute.

Daniel Chung

Start Date

Tenure

Tenure Rank

Nov 02, 2009

12.58

12.6%

Dan Chung, CFA is Chief Executive Officer, Chief Investment Officer and Portfolio Manager of several Alger strategies. Dan joined Alger in 1994 and has 27 years of investment experience. He was named Chief Investment Officer in September 2001, President in 2003, and CEO in 2006. Dan is also a member of The Alger Partners Plan. Throughout his tenure at Alger, he 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, and USA Today. Prior to joining Alger, Dan was an associate at Simpson Thacher & Bartlett LLP in New York City in 1989 while he earned an LL.M. from New York University. 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 graduating, he served as law clerk for the Honorable Justice Anthony M. Kennedy, United States Supreme Court. Dan graduated from Stanford University with B.A. and B.S. degrees, with Distinction and Phi Beta Kappa, in 1984. Dan is also a CFA charterholder and a member of the CFA Institute. Dan currently serves as a board trustee and former chairman of The Nature Conservancy in the State of New York and is a Global Campaign Committee Member of The Nature Conservancy. He is also actively involved with the Stanford in New York Internship Program, and frequently contributes to and supports various charitable organizations including the Harlem Education Activities Fund (HEAF) and Target Margin Theater.

Joshua Bennett

Start Date

Tenure

Tenure Rank

Mar 01, 2017

5.25

5.3%

Josh Bennett, CFA is Chief Operating Officer and Senior Portfolio Manager of Weatherbie Capital, LLC. Josh is a Portfolio Manager on the Weatherbie Specialized Growth Strategy, the Weatherbie Long/Short Strategy, the Alger Dynamic Opportunities Strategy and the Alger Weatherbie Enduring Growth Strategy. He also has research responsibilities in the consumer, industrials, technology and diversified business services areas. Josh joined Weatherbie Capital in July 2007 and has 21 years of investment experience. Prior to joining Weatherbie, he 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 M.B.A. from the Tuck School of Business at Dartmouth (Edward Tuck Scholar with Distinction) and he 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 was issued the Certificate in ESG Investing by the CFA Society United Kingdom. He is a Trustee at Lexington Christian Academy (Lexington, MA) and a member of the Investment Committee of Christian Camps & Conferences.

Daniel Brazeau

Start Date

Tenure

Tenure Rank

Mar 01, 2017

5.25

5.3%

Dan Brazeau, CFA is Senior Managing Director at Weatherbie Capital, LLC and is a Portfolio Manager on the Alger Dynamic Opportunities Strategy and a Portfolio Manager on the Weatherbie Long/Short Strategy. Dan’s research responsibilities are in the consumer, media & advertising, energy, and financials areas. Dan joined Weatherbie Capital in May 2004 as a research analyst and has 21 years investment experience. Prior to joining the firm, he spent over three years as an equity analyst at Wellington Management Company, LLP, where he focused on the advertising, publishing and marketing services industries. He began his career at Kenetech Energy Systems, Inc., where he worked as a project finance analyst and manager for six years. Dan received his M.B.A. from the Wharton School, University of Pennsylvania and received his B.S. in business administration (with a concentration in finance) from Villanova University. Dan is a CFA charterholder and is a member of both the CFA Society Boston and the CFA Institute.

H. George Dai

Start Date

Tenure

Tenure Rank

Mar 01, 2017

5.25

5.3%

George Dai, Ph.D. is Chief Investment Officer and Senior Portfolio Manager of Weatherbie Capital, LLC. George is a Portfolio Manager on the Weatherbie Specialized Growth Strategy, the Weatherbie Long/Short Strategy, the Alger Dynamic Opportunities Strategy and the Alger Weatherbie Enduring Growth Strategy. Additionally, he maintains research responsibilities in the diversified business services, healthcare, and technology areas. George joined Weatherbie Capital in March 2001 and has 22 years of investment experience. Prior to joining Weatherbie, he was an equity analyst with 1838 Investment Advisors. George received his M.B.A. 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. George was issued the Certificate in ESG Investing by the CFA Institute.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 23.55 6.0 7.93

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