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Address And Details

100 Pearl Street, 27th Floor , New York, NY 10004
Fund Manager Daniel C. Chung
Manager Tenure 16 Years 3 Months

Strategy And Objective

Alger Health Sciences Fund seeks long-term capital appreciation. Fred Alger Management, LLC believes companies undergoing Positive Dynamic Change offer the best investment 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.Under normal circumstances, the Fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of companies of any market capitalization that are engaged in the health sciences sector. Equity securities include common or preferred stocks that are listed on U.S. or foreign exchanges. A company will be considered to be engaged in the health sciences sector if it derives at least 50% of its earnings or revenues from, or devotes at least 50% of its assets to, activities in any area of the health sciences sector, including health care services, pharmaceuticals, medical equipment and supplies and applied research and development. Such companies include, but are not limited to hospitals, clinical test laboratories, convalescent and mental health care facilities, home care providers, and companies that supply services to any of the foregoing companies involved in pharmaceuticals, biotechnology, biochemistry and diagnostics; and producers and manufacturers of medical, dental and optical supplies and equipment. The Funds portfolio manager(s) 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 also invest in privately placed securities, which are securities acquired in non-public offerings for which there is no readily available market. The Fund can invest in foreign securities.

Net Asset Value

as of 5:09 PM ET 01/21/2022

Performance

  • 1 Week
  • -6.51%
  • 1 Month
  • -16.31%
  • 3 Months
  • -41.09%
  • 1 Yr Return
  • -38.48%
  • 5 Yr Return
  • +10.97%

Equity Sector Breakdown

Health 66.06%
Services 12.94%
IndustrialCyclical 9.11%
Technology 4.59%
Finance 1.41%
RetailTrade 1.24%
ConsumerDurables n/a
Energy n/a
NonDurables n/a
Utilities n/a

Asset Allocation

Asset Type % Of Allocation
Stocks 99.60%
ForeignStocks 1.61%
Cash 0.00%
Bonds 0.00%
Preferred 0.00%
Convertible 0.00%
Other 0.00%
ForeignBonds 0.00%
ForeignHedged 0.00%
Total Net Assets 151.51 M

Risk Measures

Criteria 3 Years 5 Years 10 Years
Alpha 0.87 4.38 2.31
Beta 0.69 0.80 0.86
R Squared 0.42 0.45 0.42
Std Deviation 18.50 18.29 17.37
Sharpe Ratio 1.02 1.07 n/a

Purchase Information

as of 5:04 PM ET 01/20/2022
Minimum Initial $1000
Minimum Additional $50
Minimum Initial IRA $500

Performance

Timeframe Average Annual Current Performance Monthly As Of 12/31/2021 Average Annual Current Performance Quarterly As Of 12/31/2021 Avg Annual Current Performance Monthly As Of 12/31/2021 Avg Annual Current Performance Quarterly As Of 12/31/2021
1 Year
  • +2.50%
  • +2.50%
+2.50% +2.50%
3 Year
  • +17.89%
  • +17.89%
+17.89% +17.89%
10 Year
  • +15.80%
  • +15.80%
+15.80% +15.80%
Life Of Fund
  • +12.79%
  • +12.79%
+12.79% +12.79%

Top 10 Holdings

Symbol Company Name % Of Assets
INMD INMODE LTD 4.99%
AZTA BROOKS AUTOMATION INC 4.81%
CLDX CELLDEX THERAPEUTICS INC 3.98%
DXCM DEXCOM INC 3.92%
THC TENET HEALTHCARE CORP 3.33%
TECH BIO TECHNE CORPORATION 3.33%
ISRG INTUITIVE SURGICAL INC 3.18%
DHR DANAHER CORP 3.17%
INSP INSPIRE MEDICAL SYSTEMS INC 3.09%
CTLT CATALENT INC 3.04%

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