Address And Details

360 Park Avenue South , New York, NY 10010
Fund Manager Amy Zhang
Manager Tenure 6 Years 7 Months

Strategy And Objective

Alger Small Cap Growth 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. The Fund focuses on small, fast-growing companies that Fred Alger Management, LLC believes offer innovative products, services or technologies to a rapidly-expanding marketplace. The Fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of companies that, at the time of purchase of the securities, have total market capitalization between (1) the higher of (a) $5 billion or (b) the company in either the Russell 2000 Growth Index or the MSCI USA Small Cap Index (each, an Index and together, the Indexes ) with the highest capitalization, and (2) the company in either Index with the lowest capitalization, at any time during the most recent 12-month period as reported by either Index. Both Indexes are broad-based indexes of small capitalization stocks. At December 31, 2019, the market capitalization of the companies in the Indexes ranged from $13 million to $27.34 billion. Because of the Fund s long-term approach to investing, it could have a significant portion of its assets invested in securities of issuers that have appreciated beyond the market capitalization thresholds noted. Equity securities include common or preferred stocks that are listed on U.S. or foreign exchanges. The Fund may invest a significant portion of its assets in securities of companies conducting business within a single sector, including the healthcare and information technology sectors. The Fund s 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. The Fund can invest in foreign securities, including emerging market securities.

Net Asset Value

as of 5:44 PM ET 09/20/2021

Performance

  • 1 Week
  • -0.44%
  • 1 Month
  • +3.85%
  • 3 Months
  • +1.40%
  • 1 Yr Return
  • +29.96%
  • 5 Yr Return
  • +143.80%

Equity Sector Breakdown

Technology 30.85%
Health 20.76%
Services 9.07%
RetailTrade 8.31%
NonDurables 5.04%
IndustrialCyclical 3.03%
Finance 2.89%
ConsumerDurables 1.82%
Energy n/a
Utilities n/a

Asset Allocation

Asset Type % Of Allocation
Stocks 95.91%
ForeignStocks 0.82%
Preferred 0.00%
Cash 0.00%
Bonds 0.00%
Convertible 0.00%
Other 0.00%
ForeignBonds 0.00%
ForeignHedged 0.00%
Total Net Assets 260.87 M

Risk Measures

Criteria 3 Years 5 Years 10 Years
Alpha 2.86 6.63 0.07
Beta 1.00 1.01 1.07
R Squared 0.63 0.58 0.62
Std Deviation 23.49 19.92 18.18
Sharpe Ratio 0.95 1.30 n/a

Purchase Information

as of 5:10 PM ET 09/17/2021
Minimum Initial $1000
Minimum Additional $50
Minimum Initial IRA $500

Performance

Timeframe Average Annual Current Performance Monthly As Of 08/31/2021 Average Annual Current Performance Quarterly As Of 06/30/2021 Avg Annual Current Performance Monthly As Of 08/31/2021 Avg Annual Current Performance Quarterly As Of 06/30/2021
1 Year
  • +29.29%
  • +42.34%
+29.29% +42.34%
3 Year
  • +20.40%
  • +25.73%
+20.40% +25.73%
10 Year
  • +16.83%
  • +14.98%
+16.83% +14.98%
Life Of Fund
  • +7.89%
  • +7.95%
+7.89% +7.95%

Top 10 Holdings

Symbol Company Name % Of Assets
NEOG NEOGEN CORP 3.16%
CDNA CAREDX INC 2.83%
NSTG NANOSTRING TECHNOLOGIES INC 2.75%
MGNI MAGNITE INC 2.51%
TECH BIO TECHNE CORPORATION 2.39%
ACIW ACI WORLDWIDE INC 2.31%
SHAK SHAKE SHACK INC 2.15%
VEEV VEEVA SYSTEMS INC 2.11%
PODD INSULET CORP 2.03%
HUBS HUBSPOT INC 1.99%

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