SPEGX: Alger Responsible Investing A

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SPEGX Alger Responsible Investing A


Profile

SPEGX - Profile

Vitals

  • YTD Return 16.4%
  • 3 Yr Annualized Return 8.0%
  • 5 Yr Annualized Return 6.9%
  • Net Assets $71.3 M
  • Holdings in Top 10 47.9%

52 WEEK LOW AND HIGH

$13.24
$8.71
$13.24

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.40%

SALES FEES

  • Front Load 5.25%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 14.64%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

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

Fund Classification


Distributions

  • YTD Total Return 16.4%
  • 3 Yr Annualized Total Return 8.0%
  • 5 Yr Annualized Total Return 6.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.12%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Alger Responsible Investing Fund
  • Fund Family Name
    Alger
  • Inception Date
    Dec 04, 2000
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Gregory Adams

Fund Description

The fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of companies of any size with an environmental, social and governance ("ESG") rating of BB or above by MSCI (or an equivalent rating by another ESG rating agency) that also demonstrate, in the view of the adviser, promising growth potential.


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Categories

Performance

SPEGX - Performance

Return Ranking - Trailing

Period SPEGX Return Category Return Low Category Return High Rank in Category (%)
YTD 16.4% -91.6% 68.5% 31.61%
1 Yr 16.9% -92.0% 61.7% 29.77%
3 Yr 8.0%* -59.0% 37.3% 46.34%
5 Yr 6.9%* -41.3% 20.6% 37.23%
10 Yr 9.2%* -18.2% 18.4% 40.74%

* Annualized

Return Ranking - Calendar

Period SPEGX Return Category Return Low Category Return High Rank in Category (%)
2019 24.4% -67.9% 49.9% 47.04%
2018 -8.0% -65.5% 10.6% 28.38%
2017 10.4% -46.3% 52.2% 85.36%
2016 -2.0% -43.3% 15.3% 61.31%
2015 1.1% -82.5% 11.4% 23.00%

Total Return Ranking - Trailing

Period SPEGX Return Category Return Low Category Return High Rank in Category (%)
YTD 16.4% -91.6% 68.5% 31.61%
1 Yr 16.9% -92.0% 61.7% 29.69%
3 Yr 8.0%* -57.9% 37.3% 68.71%
5 Yr 6.9%* -38.6% 26.0% 68.09%
10 Yr 9.2%* -16.3% 22.2% 75.31%

* Annualized

Total Return Ranking - Calendar

Period SPEGX Return Category Return Low Category Return High Rank in Category (%)
2019 24.4% -67.9% 49.9% 47.11%
2018 -8.0% -65.5% 16.5% 53.40%
2017 10.4% -28.2% 52.2% 93.92%
2016 -2.0% -43.3% 17.1% 78.12%
2015 1.1% -38.0% 17.3% 55.00%

NAV & Total Return History


Holdings

SPEGX - Holdings

Concentration Analysis

SPEGX Category Low Category High SPEGX % Rank
Net Assets 71.3 M 858 K 206 B 86.74%
Number of Holdings 68 1 2152 47.05%
Net Assets in Top 10 30 M 399 K 55.4 B 86.59%
Weighting of Top 10 47.91% 13.8% 100.0% 28.71%

Top 10 Holdings

Asset Allocation

Weighting Return Low Return High SPEGX % Rank
Stocks
97.28% 82.99% 100.32% 71.82%
Cash
2.72% -1.02% 17.02% 25.15%
Preferred Stocks
0.00% 0.00% 2.51% 75.98%
Other
0.00% -9.83% 5.14% 76.82%
Convertible Bonds
0.00% 0.00% 0.20% 73.18%
Bonds
0.00% -0.24% 2.77% 74.55%

Stock Sector Breakdown

Weighting Return Low Return High SPEGX % Rank
Technology
34.09% 10.36% 54.73% 26.06%
Consumer Cyclical
18.61% 0.00% 29.26% 16.29%
Financial Services
11.90% 0.00% 41.40% 41.89%
Healthcare
10.83% 0.00% 48.60% 90.15%
Communication Services
9.94% 0.00% 29.93% 75.61%
Industrials
4.72% 0.00% 24.88% 71.74%
Consumer Defense
4.34% 0.00% 21.78% 48.79%
Real Estate
3.45% 0.00% 22.16% 21.52%
Basic Materials
1.55% 0.00% 11.07% 45.68%
Utilities
0.56% 0.00% 6.86% 22.95%
Energy
0.00% 0.00% 7.42% 84.47%

Stock Geographic Breakdown

Weighting Return Low Return High SPEGX % Rank
US
95.53% 78.13% 100.26% 37.50%
Non US
1.75% 0.00% 17.42% 70.38%

Expenses

SPEGX - Expenses

Operational Fees

SPEGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.40% 0.01% 24.73% 30.25%
Management Fee 0.71% 0.00% 1.40% 71.20%
12b-1 Fee 0.25% 0.00% 1.00% 47.68%
Administrative Fee 0.03% 0.01% 1.02% 6.13%

Sales Fees

SPEGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.25% 2.50% 8.50% 76.84%
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

SPEGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% 52.21%

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.

SPEGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 14.64% 0.00% 464.00% 9.96%

Distributions

SPEGX - Distributions

Dividend Yield Analysis

SPEGX Category Low Category High SPEGX % Rank
Dividend Yield 0.00% 0.00% 20.39% 73.44%

Dividend Distribution Analysis

SPEGX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Semi-Monthly Annually

Net Income Ratio Analysis

SPEGX Category Low Category High SPEGX % Rank
Net Income Ratio -0.12% -2.06% 2.43% 60.85%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

SPEGX - Fund Manager Analysis

Managers

Gregory Adams


Start Date

Tenure

Tenure Rank

Dec 30, 2016

3.5

3.5%

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.

Tenure Analysis

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