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Trending ETFs

Name

As of 03/27/2024

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

$16.49

$94 M

0.00%

1.35%

Vitals

YTD Return

10.4%

1 yr return

39.3%

3 Yr Avg Return

8.6%

5 Yr Avg Return

15.5%

Net Assets

$94 M

Holdings in Top 10

50.9%

52 WEEK LOW AND HIGH

$16.4
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.35%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 11.07%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$0

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/27/2024

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

$16.49

$94 M

0.00%

1.35%

AGIFX - Profile

Distributions

  • YTD Total Return 10.4%
  • 3 Yr Annualized Total Return 8.6%
  • 5 Yr Annualized Total Return 15.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.52%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Alger Responsible Investing Fund
  • Fund Family Name
    Alger Family of Funds
  • Inception Date
    Sep 24, 2008
  • Shares Outstanding
    N/A
  • Share Class
    I
  • 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.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 size with an environmental, social and governance (“ESG”) rating of average or above by a third-party ESG rating agency (an “ESG Rating Agency”) that also demonstrate, in the view of the Manager, promising growth potential. Equity securities include common or preferred stocks that are listed on U.S. or foreign exchanges. The Manager employs fundamental analysis to identify innovative and dynamic companies and uses an ESG Rating Agency’s ratings to consider how such stocks rank within an industry or sector based on a company’s conduct in offering products or services that promote positive environmental, social and/or governance policies, or have a positive impact in these areas, addressing concerns such as climate change, resource depletion, health and safety, employee relations and diversity, bribery and corruption, and fostering board diversity and structure. The Fund does not bar companies in any industries.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 information technology, consumer discretionary, and health care 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 invests in cash (and cash equivalents) when the Fund 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 Fund’s net assets.
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AGIFX - Performance

Return Ranking - Trailing

Period AGIFX Return Category Return Low Category Return High Rank in Category (%)
YTD 10.4% -9.6% 28.7% 72.33%
1 Yr 39.3% -11.6% 75.4% 69.41%
3 Yr 8.6%* -26.6% 33.9% 53.56%
5 Yr 15.5%* -14.4% 30.8% 44.36%
10 Yr 10.2%* -5.3% 19.1% 90.29%

* Annualized

Return Ranking - Calendar

Period AGIFX Return Category Return Low Category Return High Rank in Category (%)
2023 32.8% -74.1% 72.4% 49.57%
2022 -31.3% -85.9% 4.7% 33.48%
2021 14.2% -52.4% 60.5% 29.80%
2020 26.3% -34.3% 145.0% 50.00%
2019 24.5% -21.8% 49.4% 52.50%

Total Return Ranking - Trailing

Period AGIFX Return Category Return Low Category Return High Rank in Category (%)
YTD 10.4% -9.6% 28.7% 72.33%
1 Yr 39.3% -11.6% 75.4% 69.41%
3 Yr 8.6%* -26.6% 33.9% 53.56%
5 Yr 15.5%* -14.4% 30.8% 44.36%
10 Yr 10.2%* -5.3% 19.1% 90.29%

* Annualized

Total Return Ranking - Calendar

Period AGIFX Return Category Return Low Category Return High Rank in Category (%)
2023 36.7% -4.6% 72.4% 54.73%
2022 -30.8% -61.7% 5.6% 50.09%
2021 23.9% -39.8% 118.1% 34.22%
2020 35.7% 2.8% 149.2% 47.25%
2019 34.0% -5.2% 49.4% 42.31%

NAV & Total Return History


AGIFX - Holdings

Concentration Analysis

AGIFX Category Low Category High AGIFX % Rank
Net Assets 94 M 242 K 222 B 88.40%
Number of Holdings 68 1 3217 40.05%
Net Assets in Top 10 37.9 M 104 K 111 B 88.20%
Weighting of Top 10 50.86% 0.7% 205.0% 44.46%

Top 10 Holdings

  1. MICROSOFT CORP 0.00000000 13.59%
  2. APPLE INC 0.00000000 7.43%
  3. AMAZON.COM INC 0.00000000 6.33%
  4. NVIDIA CORP 0.00000000 5.67%
  5. VISA INC-CLASS A SHARES 0.00000000 4.75%
  6. ADOBE INC 0.00000000 3.87%
  7. ALPHABET INC-CL A 0.00000000 2.69%
  8. ALPHABET INC-CL C 0.00000000 2.34%
  9. HOME DEPOT INC 0.00000000 2.16%
  10. LAM RESEARCH CORP 0.00000000 2.03%

Asset Allocation

Weighting Return Low Return High AGIFX % Rank
Stocks
95.15% 0.00% 130.05% 93.76%
Cash
2.51% -1.50% 173.52% 25.72%
Other
2.34% -43.49% 59.52% 2.95%
Preferred Stocks
0.00% 0.00% 7.84% 21.59%
Convertible Bonds
0.00% 0.00% 1.94% 8.28%
Bonds
0.00% 0.00% 104.15% 12.14%

Stock Sector Breakdown

Weighting Return Low Return High AGIFX % Rank
Technology
41.85% 0.00% 65.70% 20.02%
Consumer Cyclical
18.55% 0.00% 62.57% 26.44%
Healthcare
9.52% 0.00% 39.76% 80.57%
Financial Services
9.42% 0.00% 43.06% 47.30%
Communication Services
7.63% 0.00% 66.40% 75.34%
Industrials
5.17% 0.00% 30.65% 62.84%
Consumer Defense
3.25% 0.00% 25.50% 55.41%
Real Estate
3.20% 0.00% 16.05% 14.95%
Basic Materials
0.83% 0.00% 18.91% 60.81%
Utilities
0.57% 0.00% 16.07% 19.34%
Energy
0.00% 0.00% 41.09% 55.74%

Stock Geographic Breakdown

Weighting Return Low Return High AGIFX % Rank
US
95.15% 0.00% 130.05% 81.11%
Non US
0.00% 0.00% 78.10% 37.02%

AGIFX - Expenses

Operational Fees

AGIFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.35% 0.01% 19.54% 24.26%
Management Fee 0.71% 0.00% 1.50% 70.19%
12b-1 Fee 0.25% 0.00% 1.00% 26.12%
Administrative Fee 0.03% 0.01% 1.02% 3.23%

Sales Fees

AGIFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 8.50% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

AGIFX 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.

AGIFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 11.07% 0.00% 316.74% 12.02%

AGIFX - Distributions

Dividend Yield Analysis

AGIFX Category Low Category High AGIFX % Rank
Dividend Yield 0.00% 0.00% 28.41% 16.55%

Dividend Distribution Analysis

AGIFX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annually SemiAnnual Annual

Net Income Ratio Analysis

AGIFX Category Low Category High AGIFX % Rank
Net Income Ratio -0.52% -6.13% 3.48% 65.14%

Capital Gain Distribution Analysis

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

Distributions History

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AGIFX - Fund Manager Analysis

Managers

Gregory Adams


Start Date

Tenure

Tenure Rank

Dec 30, 2016

5.42

5.4%

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
0.04 54.45 8.21 3.08