ALCFX: Alger Focus Equity C

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ALCFX Alger Focus Equity C


Profile

ALCFX - Profile

Vitals

  • YTD Return 27.8%
  • 3 Yr Annualized Return 18.4%
  • 5 Yr Annualized Return 14.6%
  • Net Assets $930 M
  • Holdings in Top 10 54.1%

52 WEEK LOW AND HIGH

$47.48
$29.22
$47.48

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.75%

SALES FEES

  • Front Load N/A
  • Deferred Load 1.00%

BROKERAGE FEES

  • Turnover 134.50%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000
  • IRA $500

Fund Classification


Distributions

  • YTD Total Return 27.8%
  • 3 Yr Annualized Total Return 22.2%
  • 5 Yr Annualized Total Return 16.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.77%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Alger Focus Equity Fund
  • Fund Family Name
    Alger
  • Inception Date
    Dec 31, 2012
  • Shares Outstanding
    N/A
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Patrick Kelly

Fund Description

The advisor intends to invest a substantial portion of its assets in a small number of issuers, and may focus its portfolio in fewer business sectors or industries. Generally, the fund will own approximately 50 holdings. Fund holdings may occasionally exceed this number for a variety of reasons. The fund may engage in active trading of portfolio securities.


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Categories

Performance

ALCFX - Performance

Return Ranking - Trailing

Period ALCFX Return Category Return Low Category Return High Rank in Category (%)
YTD 27.8% -91.6% 103.7% 13.32%
1 Yr 39.5% -92.0% 94.7% 8.46%
3 Yr 18.4%* -59.0% 38.8% 8.68%
5 Yr 14.6%* -41.4% 21.5% 5.56%
10 Yr N/A* -18.4% 18.1% 24.35%

* Annualized

Return Ranking - Calendar

Period ALCFX Return Category Return Low Category Return High Rank in Category (%)
2019 30.1% -67.9% 49.9% 15.45%
2018 -4.8% -65.5% 10.6% 15.79%
2017 27.5% -46.3% 52.2% 10.66%
2016 0.3% -43.3% 15.3% 44.83%
2015 4.9% -82.5% 11.4% 6.99%

Total Return Ranking - Trailing

Period ALCFX Return Category Return Low Category Return High Rank in Category (%)
YTD 27.8% -91.6% 103.7% 13.32%
1 Yr 39.5% -92.0% 94.7% 8.61%
3 Yr 22.2%* -57.9% 38.8% 7.26%
5 Yr 16.8%* -38.8% 26.0% 6.04%
10 Yr N/A* -16.6% 22.0% 37.76%

* Annualized

Total Return Ranking - Calendar

Period ALCFX Return Category Return Low Category Return High Rank in Category (%)
2019 30.1% -67.9% 49.9% 15.52%
2018 0.6% -65.5% 16.5% 12.60%
2017 32.8% -28.2% 52.2% 12.60%
2016 0.3% -43.3% 17.1% 66.42%
2015 4.9% -38.0% 17.3% 30.27%

NAV & Total Return History


Holdings

ALCFX - Holdings

Concentration Analysis

ALCFX Category Low Category High ALCFX % Rank
Net Assets 930 M 858 K 206 B 52.54%
Number of Holdings 52 1 2209 61.64%
Net Assets in Top 10 406 M 399 K 71.6 B 54.28%
Weighting of Top 10 54.11% 13.2% 100.0% 9.33%

Top 10 Holdings

  1. Amazon.com Inc 10.28%
  2. Microsoft Corp 9.29%
  3. Apple Inc 5.49%
  4. Alphabet Inc Class C 4.94%
  5. Visa Inc Class A 4.84%
  6. Alibaba Group Holding Ltd ADR 4.62%
  7. Facebook Inc A 4.35%
  8. Fidelity National Information Services Inc 3.84%
  9. Danaher Corp 3.66%
  10. UnitedHealth Group Inc 2.80%

Asset Allocation

Weighting Return Low Return High ALCFX % Rank
Stocks
99.76% 82.99% 103.32% 13.72%
Cash
0.23% -3.33% 17.02% 83.32%
Preferred Stocks
0.01% 0.00% 2.55% 9.78%
Other
0.00% -3.26% 5.14% 41.24%
Convertible Bonds
0.00% 0.00% 0.52% 31.61%
Bonds
0.00% -0.24% 13.73% 35.86%

Stock Sector Breakdown

Weighting Return Low Return High ALCFX % Rank
Technology
36.65% 10.36% 54.73% 18.65%
Consumer Cyclical
19.60% 0.00% 44.53% 12.13%
Financial Services
13.15% 0.00% 41.40% 28.43%
Healthcare
12.26% 0.00% 48.60% 82.87%
Communication Services
11.02% 0.00% 29.93% 65.28%
Industrials
3.20% 0.00% 24.88% 82.64%
Basic Materials
1.93% 0.00% 11.07% 32.68%
Real Estate
1.80% 0.00% 22.16% 49.13%
Consumer Defense
0.39% 0.00% 21.78% 88.17%
Utilities
0.00% 0.00% 6.86% 54.74%
Energy
0.00% 0.00% 8.11% 61.56%

Stock Geographic Breakdown

Weighting Return Low Return High ALCFX % Rank
US
91.92% 78.13% 100.25% 60.80%
Non US
7.84% 0.00% 18.14% 25.70%

Expenses

ALCFX - Expenses

Operational Fees

ALCFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.75% 0.01% 24.73% 17.83%
Management Fee 0.52% 0.00% 1.40% 22.94%
12b-1 Fee 1.00% 0.00% 1.00% 83.36%
Administrative Fee 0.03% 0.01% 1.02% 2.58%

Sales Fees

ALCFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 8.50% N/A
Deferred Load 1.00% 1.00% 5.50% 34.66%

Trading Fees

ALCFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% 19.12%

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.

ALCFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 134.50% 0.00% 464.00% 94.63%

Distributions

ALCFX - Distributions

Dividend Yield Analysis

ALCFX Category Low Category High ALCFX % Rank
Dividend Yield 0.00% 0.00% 19.68% 32.73%

Dividend Distribution Analysis

ALCFX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Quarterly Annually

Net Income Ratio Analysis

ALCFX Category Low Category High ALCFX % Rank
Net Income Ratio -0.77% -2.06% 2.43% 88.71%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

ALCFX - Fund Manager Analysis

Managers

Patrick Kelly


Start Date

Tenure

Tenure Rank

Dec 01, 2012

7.58

7.6%

Patrick Kelly, CFA is Executive Vice President, Portfolio Manager and Head of Alger Capital Appreciation and Spectra Strategies. He is Portfolio Manager of the Alger Capital Appreciation, Alger Capital Appreciation Focus, and Alger Spectra strategies. He joined Alger in 1999 and has 22 years of investment experience. Previously, Patrick was an investment banking analyst with SG Cowen. He began his career at Alger as a Research Associate and completed Alger’s in-house analyst training program. In early 2001, Patrick was promoted to Associate Analyst and Assistant Vice President, and in September of 2001 he was promoted to Senior Analyst, responsible for the Technology sector. Patrick was named portfolio manager of the Alger Capital Appreciation and Alger Spectra strategies in September 2004, and was named as head of the strategies in 2015. He graduated with honors from Georgetown University. Patrick is a CFA charterholder and a member of the CFA Institute.

Ankur Crawford


Start Date

Tenure

Tenure Rank

Jun 01, 2015

5.08

5.1%

Dr. Ankur Crawford is Executive Vice President and Portfolio Manager of the Alger Capital Appreciation, Alger Capital Appreciation Focus, Alger Spectra, and Alger 25 strategies. Dr. Crawford joined Alger in September 2004 and has 15 years of investment experience. She began her career at Alger as a Research Associate and completed Alger’s in-house analyst training program. Over the next several years, Dr. Crawford was promoted to Associate Analyst, Analyst, and then ultimately to Senior Analyst. Dr. Crawford also became a portfolio manager to the Alger Mid Cap Growth strategies in 2010. Additionally, she was Head of the Technology sector team from January 2013 – April 2016. In 2015, Ankur was named a portfolio manager of the Alger Capital Appreciation and Alger Spectra strategies. Prior to joining Alger, she earned a Ph.D. in Materials Science and Engineering from Stanford University. Dr. Crawford was an awardee of the prestigious Intel Corporation Ph.D. Fellowship Program and worked as an engineer with Intel. Previously, she was a summer analyst with Merrill Lynch. She graduated from the University of California, Berkeley, with a B.S. in Mechanical Engineering and a B.S. in Materials Science and Engineering.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 52.53 7.89 4.79