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Name

As of 04/18/2024

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

Alger 35 Fund

ATVPX | Fund

$13.09

$30.9 M

0.00%

$0.00

0.97%

Vitals

YTD Return

10.6%

1 yr return

33.7%

3 Yr Avg Return

-1.8%

5 Yr Avg Return

13.9%

Net Assets

$30.9 M

Holdings in Top 10

59.1%

52 WEEK LOW AND HIGH

$13.2
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.97%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 136.61%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$500,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 04/18/2024

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

Alger 35 Fund

ATVPX | Fund

$13.09

$30.9 M

0.00%

$0.00

0.97%

ATVPX - Profile

Distributions

  • YTD Total Return 10.6%
  • 3 Yr Annualized Total Return -1.8%
  • 5 Yr Annualized Total Return 13.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.07%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Alger 35 Fund
  • Fund Family Name
    Alger Family of Funds
  • Inception Date
    Mar 29, 2018
  • Shares Outstanding
    N/A
  • Share Class
    Z
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Daniel Chung

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 in a 35-stock portfolio of equity securities of companies of any market capitalization that the Manager believes are undergoing Positive Dynamic Change. Equity securities include common or preferred stocks, or securities convertible into or exchangeable for equity securities, including warrants and rights. The Fund may invest in companies whose securities are traded on domestic or foreign exchanges. The Fund focuses its investments in companies fostering and benefiting from technological improvements, advancements or developments. In the opinion of the Manager, these companies use technology extensively to improve their business processes, applications and opportunities or seek to grow through technological developments and innovations.The Fund intends to invest a substantial portion of its assets in a smaller number of issuers. Generally the Fund will own approximately 35 holdings. As a result, the Fund is a non-diversified investment company, which means the performance results of any one position may have a greater impact on the Fund’s performance. Fund holdings may occasionally differ from this number for a variety of reasons, including, among others, because of extreme market volatility, such as when the Fund has entered a temporary defensive position. Additionally, the Fund may temporarily exceed the stated number of holdings when it acquires a new holding and determines that it is in the best interests of shareholders to sell an existing holding over a period of time, instead of immediately selling the entire holding.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 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 and communication services sectors.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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ATVPX - Performance

Return Ranking - Trailing

Period ATVPX Return Category Return Low Category Return High Rank in Category (%)
YTD 10.6% -16.3% 19.3% 10.09%
1 Yr 33.7% -24.2% 56.3% 31.50%
3 Yr -1.8%* -31.3% 22.2% 92.00%
5 Yr 13.9%* -16.7% 28.7% 42.29%
10 Yr N/A* -5.9% 18.7% N/A

* Annualized

Return Ranking - Calendar

Period ATVPX Return Category Return Low Category Return High Rank in Category (%)
2023 31.4% -74.1% 72.4% 53.79%
2022 -36.4% -85.9% 4.7% 60.89%
2021 -19.2% -52.4% 60.5% 95.93%
2020 42.6% -34.3% 145.0% 14.12%
2019 30.3% -21.8% 49.4% 18.48%

Total Return Ranking - Trailing

Period ATVPX Return Category Return Low Category Return High Rank in Category (%)
YTD 10.6% -16.3% 19.3% 10.09%
1 Yr 33.7% -24.2% 56.3% 31.50%
3 Yr -1.8%* -31.3% 22.2% 92.00%
5 Yr 13.9%* -16.7% 28.7% 42.29%
10 Yr N/A* -5.9% 18.7% N/A

* Annualized

Total Return Ranking - Calendar

Period ATVPX Return Category Return Low Category Return High Rank in Category (%)
2023 31.4% -4.6% 72.4% 71.43%
2022 -36.4% -61.7% 5.6% 80.23%
2021 9.9% -39.8% 118.1% 88.94%
2020 67.9% 2.8% 149.2% 6.97%
2019 30.6% -5.2% 49.4% 70.55%

NAV & Total Return History

ATVPX - Holdings

Concentration Analysis

ATVPX Category Low Category High ATVPX % Rank
Net Assets 30.9 M 242 K 269 B 95.71%
Number of Holdings 34 1 3217 84.38%
Net Assets in Top 10 19.2 M 104 K 111 B 94.00%
Weighting of Top 10 59.10% 0.7% 205.0% 11.85%

Top 10 Holdings

  1. NVIDIA Corp 9.09%
  2. Microsoft Corp 9.05%
  3. Alphabet Inc 7.49%
  4. Amazon.com Inc 6.50%
  5. Advanced Micro Devices Inc 5.03%
  6. Diamondback Energy Inc 4.84%
  7. Netflix Inc 4.61%
  8. MercadoLibre Inc 4.41%
  9. Spotify Technology SA 4.06%
  10. Uber Technologies Inc 4.01%

Asset Allocation

Weighting Return Low Return High ATVPX % Rank
Stocks 		98.95% 0.00% 130.05% 46.37%
Cash 		1.05% -1.50% 173.52% 53.63%
Preferred Stocks 		0.00% 0.00% 7.84% 21.11%
Other 		0.00% -43.49% 50.04% 29.56%
Convertible Bonds 		0.00% 0.00% 1.94% 8.21%
Bonds 		0.00% 0.00% 104.15% 11.91%

Stock Sector Breakdown

Weighting Return Low Return High ATVPX % Rank
Technology 		39.55% 0.00% 65.70% 30.88%
Healthcare 		16.38% 0.00% 39.76% 19.46%
Consumer Cyclical 		9.76% 0.00% 62.57% 86.89%
Communication Services 		9.17% 0.00% 66.40% 63.54%
Financial Services 		7.25% 0.00% 43.06% 68.70%
Energy 		6.04% 0.00% 41.09% 6.85%
Industrials 		5.14% 0.00% 30.65% 63.37%
Real Estate 		4.63% 0.00% 16.05% 6.60%
Consumer Defense 		2.08% 0.00% 25.50% 70.73%
Utilities 		0.00% 0.00% 16.07% 32.74%
Basic Materials 		0.00% 0.00% 18.91% 74.03%

Stock Geographic Breakdown

Weighting Return Low Return High ATVPX % Rank
US 		98.95% 0.00% 130.05% 35.90%
Non US 		0.00% 0.00% 78.10% 35.73%

ATVPX - Expenses

Operational Fees

ATVPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.97% 0.01% 19.54% 48.86%
Management Fee 0.45% 0.00% 1.50% 18.32%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.03% 0.01% 1.02% 3.23%

Sales Fees

ATVPX 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

ATVPX 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.

ATVPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 136.61% 0.00% 316.74% 94.56%

ATVPX - Distributions

Dividend Yield Analysis

ATVPX Category Low Category High ATVPX % Rank
Dividend Yield 0.00% 0.00% 28.16% 45.69%

Dividend Distribution Analysis

ATVPX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual SemiAnnual Annual

Net Income Ratio Analysis

ATVPX Category Low Category High ATVPX % Rank
Net Income Ratio -0.07% -6.13% 3.48% 30.48%

Capital Gain Distribution Analysis

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

Distributions History

View More +

ATVPX - Fund Manager Analysis

Managers

Daniel Chung

Start Date

Tenure

Tenure Rank

Mar 29, 2018

4.18

4.2%

Dan Chung, CFA is Chief Executive Officer, Chief Investment Officer and Portfolio Manager of several Alger strategies. Dan joined Alger in 1994 and has 27 years of investment experience. He was named Chief Investment Officer in September 2001, President in 2003, and CEO in 2006. Dan is also a member of The Alger Partners Plan. Throughout his tenure at Alger, he has made numerous TV appearances on Bloomberg, CNBC, and Fox Business. Dan has also been featured and quoted frequently in Barron’s, Citywire, Forbes, Investment News, Pensions & Investments, and USA Today. Prior to joining Alger, Dan was an associate at Simpson Thacher & Bartlett LLP in New York City in 1989 while he earned an LL.M. from New York University. He earned his J.D. magna cum laude from Harvard Law School in 1987, where he was an editor of the Harvard Law Review. After graduating, he served as law clerk for the Honorable Justice Anthony M. Kennedy, United States Supreme Court. Dan graduated from Stanford University with B.A. and B.S. degrees, with Distinction and Phi Beta Kappa, in 1984. Dan is also a CFA charterholder and a member of the CFA Institute. Dan currently serves as a board trustee and former chairman of The Nature Conservancy in the State of New York and is a Global Campaign Committee Member of The Nature Conservancy. He is also actively involved with the Stanford in New York Internship Program, and frequently contributes to and supports various charitable organizations including the Harlem Education Activities Fund (HEAF) and Target Margin Theater.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 54.45 8.21 3.08

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