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Name

As of 09/28/2023

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 Weatherbie Specialized Growth Portfolio

AAMOX | Fund

$1.27

$1.26 M

0.00%

5.19%

Vitals

YTD Return

N/A

1 yr return

N/A

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$1.26 M

Holdings in Top 10

50.1%

52 WEEK LOW AND HIGH

$1.3
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 5.19%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 83.01%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$500,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 09/28/2023

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 Weatherbie Specialized Growth Portfolio

AAMOX | Fund

$1.27

$1.26 M

0.00%

5.19%

AAMOX - Profile

Distributions

  • YTD Total Return N/A
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency None
  • Net Income Ratio -0.89%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Alger Weatherbie Specialized Growth Portfolio
  • Fund Family Name
    Alger
  • Inception Date
    Jan 02, 2008
  • Shares Outstanding
    N/A
  • Share Class
    I2
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    H. George Dai

Fund Description

The Manager 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 Portfolio is 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 Portfolio’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 Portfolio, including purchases and sales of individual securities.Under normal circumstances, the Portfolio invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of smallcap and midcap companies. Equity securities include common or preferred stocks that are listed on U.S. or foreign exchanges. Smallcap or midcap companies are companies that, at the time of purchase, have total market capitalization within the range of companies included in the Russell 2500 Growth Index or the Russell Midcap Growth Index, respectively, as reported by the indexes as of the most recent quarter-end. At December 31, 2022, the market capitalization of the companies in these indexes ranged from $6.1 million to $52.8 billion. Because of the Portfolio’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.As a focus fund, the Portfolio intends to invest a substantial portion of its assets in a smaller number of issuers, and may focus its holdings in fewer business sectors or industries. Generally the Portfolio will own approximately 50 holdings. Portfolio holdings may occasionally exceed this number for a variety of reasons.The Portfolio may sell a stock when it reaches a target price, it fails to perform as expected, or other opportunities appear more attractive.The Portfolio 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 information technology, health care, consumer discretionary, industrials, and financials sectors.The Portfolio can invest in foreign securities, including emerging market securities.The Portfolio invests in cash (and cash equivalents) when the Portfolio is unable to find enough attractive long-term investments to meet its investment objective, to meet redemptions and/or when the Manager believes it is advisable to do so during times of short-term market volatility. During these times, cash (and cash equivalents) will not exceed 15% of the Portfolio’s net assets.
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AAMOX - Performance

Return Ranking - Trailing

Period AAMOX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A -45.3% 29.4% 89.96%
1 Yr N/A -52.8% 651.7% 92.29%
3 Yr N/A* -52.7% 37.0% 7.12%
5 Yr N/A* -49.1% 80.5% 21.63%
10 Yr N/A* -30.0% 12.5% 100.00%

* Annualized

Return Ranking - Calendar

Period AAMOX Return Category Return Low Category Return High Rank in Category (%)
2023 -39.2% -85.6% 350.1% 87.41%
2022 -24.0% -77.0% 238.3% 88.17%
2021 45.5% -44.1% 2474.5% 16.03%
2020 -0.5% -50.2% 44.0% 96.26%
2019 -16.3% -51.7% 102.3% 59.14%

Total Return Ranking - Trailing

Period AAMOX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A -45.3% 29.4% 89.96%
1 Yr N/A -49.6% 803.0% 92.29%
3 Yr N/A* -23.0% 91.4% 7.12%
5 Yr N/A* -8.2% 91.8% 21.63%
10 Yr N/A* -10.9% 36.2% 100.00%

* Annualized

Total Return Ranking - Calendar

Period AAMOX Return Category Return Low Category Return High Rank in Category (%)
2023 -37.7% -67.0% 440.7% 88.49%
2022 6.9% -23.5% 342.2% 1.85%
2021 58.8% 2.6% 2549.1% 6.11%
2020 38.3% 14.6% 44.8% 19.29%
2019 -3.2% -25.2% 124.7% 29.36%

NAV & Total Return History

AAMOX - Holdings

Concentration Analysis

AAMOX Category Low Category High AAMOX % Rank
Net Assets 1.26 M 127 K 117 B 99.82%
Number of Holdings 51 20 3702 81.71%
Net Assets in Top 10 616 K 360 K 10.9 B 99.82%
Weighting of Top 10 50.12% 5.5% 92.1% 10.66%

Top 10 Holdings

  1. SPS COMMERCE INC 0.00000000 5.94%
  2. PROGYNY INC 0.00000000 5.86%
  3. FIRSTSERVICE CORP 0.00000000 5.80%
  4. CASELLA WASTE SYSTEMS INC-A 0.00000000 5.49%
  5. GLAUKOS CORP 0.00000000 5.10%
  6. FLYWIRE CORP-VOTING 0.00000000 4.94%
  7. SITEONE LANDSCAPE SUPPLY INC 0.00000000 4.88%
  8. NOVANTA INC 0.00000000 4.54%
  9. PLANET FITNESS INC - CL A 0.00000000 3.95%
  10. MONTROSE ENVIRONMENTAL GROUP 0.00000000 3.64%

Asset Allocation

Weighting Return Low Return High AAMOX % Rank
Stocks 		95.64% 23.99% 100.52% 83.84%
Cash 		4.36% -0.52% 26.94% 18.12%
Preferred Stocks 		0.00% 0.00% 2.30% 56.48%
Other 		0.00% -2.66% 23.05% 65.54%
Convertible Bonds 		0.00% 0.00% 0.40% 49.56%
Bonds 		0.00% 0.00% 44.75% 52.75%

Stock Sector Breakdown

Weighting Return Low Return High AAMOX % Rank
Industrials 		25.42% 0.00% 38.23% 3.91%
Technology 		21.22% 0.04% 62.17% 82.77%
Healthcare 		15.07% 0.00% 43.77% 75.49%
Financial Services 		14.03% 0.00% 43.01% 12.97%
Energy 		6.44% 0.00% 62.10% 6.93%
Consumer Defense 		6.33% 0.00% 16.40% 5.68%
Real Estate 		5.66% 0.00% 19.28% 16.87%
Consumer Cyclical 		5.49% 0.00% 57.41% 95.38%
Communication Services 		0.33% 0.00% 18.33% 85.08%
Utilities 		0.00% 0.00% 12.94% 61.28%
Basic Materials 		0.00% 0.00% 17.25% 87.03%

Stock Geographic Breakdown

Weighting Return Low Return High AAMOX % Rank
US 		95.64% 23.38% 100.52% 73.71%
Non US 		0.00% 0.00% 35.22% 63.41%

AAMOX - Expenses

Operational Fees

AAMOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 5.19% 0.02% 19.28% 1.61%
Management Fee 0.81% 0.00% 1.50% 76.51%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.03% 0.00% 0.40% 10.00%

Sales Fees

AAMOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

AAMOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

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.

AAMOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 83.01% 0.00% 250.31% 85.35%

AAMOX - Distributions

Dividend Yield Analysis

AAMOX Category Low Category High AAMOX % Rank
Dividend Yield 0.00% 0.00% 3.81% 53.11%

Dividend Distribution Analysis

AAMOX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annually Quarterly Annually

Net Income Ratio Analysis

AAMOX Category Low Category High AAMOX % Rank
Net Income Ratio -0.89% -2.24% 2.75% 74.05%

Capital Gain Distribution Analysis

AAMOX Category Low Category High Capital Mode
Capital Gain Distribution Frequency None Annually Annually Annually

Distributions History

View More +

AAMOX - Fund Manager Analysis

Managers

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.

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.

Edward Minn

Start Date

Tenure

Tenure Rank

Jul 01, 2020

1.92

1.9%

Ed Minn, CFA is Senior Managing Director and Portfolio Manager on the Weatherbie Specialized Growth Strategy, the Alger Weatherbie Select 15 Strategy and the Weatherbie Growth Strategy. Ed is also Research Analyst on the Weatherbie Specialized Growth and Weatherbie Long/Short Strategies. His research responsibilities are in the consumer, media & communications, diversified business services, information services and technology areas. Ed joined Weatherbie Capital in December 2013 and has 15 years of investing experience. Prior to joining the firm, he spent five years as a research analyst at Vinik Asset Management, LP, where he focused on the technology sector. He began his investment career at Raymond James & Associates, Inc. where he worked as a research associate covering energy stocks. Ed received his M.B.A. from the University of Chicago Booth School of Business with High Honors. Ed also holds a B.S. in economics from Duke University, where he graduated Summa Cum Laude. Ed is a CFA charterholder and is a member of both the CFA Society Boston and the CFA Institute.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 36.3 9.27 2.25

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