ALGRX: Alger Focus Equity I

Welcome to MutualFunds.com

Please help us personalize your experience and select the one that best describes you.

Your personalized experience is almost ready.

Join other Individual Investors receiving FREE personalized market updates and research. Join other Institutional Investors receiving FREE personalized market updates and research. Join other Financial Advisors receiving FREE personalized market updates and research.

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission

We hope you enjoy your experience

Channels

Fixed income news, reports, video and more.

Municipal bonds news, reports, video and more.

Practice management news, reports, video and more.

Portfolio management news, reports, video and more.

Retirement news, reports, video and more.

Learn from industry thought leaders and expert market participants.

Find the latest content and information here about the 2019 Charles Schwab Impact Conference.

Advisors

Receive email updates about fund flows, news, upcoming CE accredited webcasts from industry thought leaders and more.

Content focused on helping financial advisors build successful client relationships and grow their business.

Content geared towards helping financial advisors build better client portfolios.

Get insights on the industry trends and investment news from leading fund managers and experts.

ALGRX Alger Focus Equity I


Profile

ALGRX - Profile

Vitals

  • YTD Return 28.8%
  • 3 Yr Annualized Return 20.4%
  • 5 Yr Annualized Return 15.5%
  • Net Assets $1.02 B
  • Holdings in Top 10 51.5%

52 WEEK LOW AND HIGH

$50.97
$31.18
$51.43

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.96%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 134.50%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification

  • Primary Caregory Uncategorized
  • Fund Type Open End Mutual Fund
  • Investment Style Large Growth

Distributions

  • YTD Total Return 28.8%
  • 3 Yr Annualized Total Return 24.1%
  • 5 Yr Annualized Total Return 17.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.04%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Alger Focus Equity Fund
  • Fund Family Name
    Alger
  • Inception Date
    Nov 08, 1993
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • 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.


Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.


Categories

Performance

ALGRX - Performance

Return Ranking - Trailing

Period ALGRX Return Category Return Low Category Return High Rank in Category (%)
YTD 28.8% -91.6% 110.5% 12.23%
1 Yr 38.5% -92.0% 90.5% 7.09%
3 Yr 20.4%* -59.0% 38.0% 5.87%
5 Yr 15.5%* -41.4% 22.0% 2.89%
10 Yr 15.5%* -18.4% 18.1% 2.84%

* Annualized

Return Ranking - Calendar

Period ALGRX Return Category Return Low Category Return High Rank in Category (%)
2019 31.1% -67.9% 49.9% 13.46%
2018 -3.8% -65.5% 10.6% 12.09%
2017 28.7% -46.3% 52.2% 7.88%
2016 1.1% -43.3% 15.3% 38.46%
2015 5.9% -82.5% 11.4% 4.61%

Total Return Ranking - Trailing

Period ALGRX Return Category Return Low Category Return High Rank in Category (%)
YTD 28.8% -91.6% 110.5% 12.23%
1 Yr 38.5% -92.0% 90.5% 7.09%
3 Yr 24.1%* -57.9% 38.0% 5.37%
5 Yr 17.7%* -38.8% 26.5% 4.43%
10 Yr 16.6%* -16.6% 21.8% 6.77%

* Annualized

Total Return Ranking - Calendar

Period ALGRX Return Category Return Low Category Return High Rank in Category (%)
2019 31.1% -67.9% 49.9% 13.46%
2018 1.4% -65.5% 16.5% 10.53%
2017 33.8% -28.2% 52.2% 10.97%
2016 1.1% -43.3% 17.1% 60.15%
2015 5.9% -38.0% 17.3% 23.07%

NAV & Total Return History


Holdings

ALGRX - Holdings

Concentration Analysis

ALGRX Category Low Category High ALGRX % Rank
Net Assets 1.02 B 858 K 218 B 52.62%
Number of Holdings 52 1 2209 62.66%
Net Assets in Top 10 440 M 399 K 71.6 B 52.78%
Weighting of Top 10 51.45% 13.2% 100.0% 13.84%

Top 10 Holdings

  1. Amazon.com Inc 9.28%
  2. Microsoft Corp 8.99%
  3. Apple Inc 5.54%
  4. Visa Inc Class A 4.96%
  5. Facebook Inc A 4.92%
  6. Alphabet Inc Class C 4.23%
  7. Alibaba Group Holding Ltd ADR 4.10%
  8. Danaher Corp 3.38%
  9. PayPal Holdings Inc 3.14%
  10. Fidelity National Information Services Inc 2.91%

Asset Allocation

Weighting Return Low Return High ALGRX % Rank
Stocks
98.81% 83.54% 103.32% 50.34%
Cash
1.18% -3.33% 14.62% 47.30%
Preferred Stocks
0.01% 0.00% 2.55% 10.19%
Other
0.00% -2.48% 6.02% 94.68%
Convertible Bonds
0.00% 0.00% 0.52% 96.27%
Bonds
0.00% -0.22% 13.73% 96.05%

Stock Sector Breakdown

Weighting Return Low Return High ALGRX % Rank
Technology
34.86% 10.36% 54.73% 28.67%
Consumer Cyclical
19.51% 0.00% 44.53% 13.76%
Financial Services
13.79% 0.00% 41.40% 25.48%
Healthcare
11.77% 0.00% 45.35% 83.95%
Communication Services
10.64% 0.00% 34.83% 69.89%
Real Estate
3.26% 0.00% 22.16% 23.42%
Industrials
2.86% 0.00% 24.88% 83.80%
Basic Materials
2.67% 0.00% 11.07% 21.67%
Consumer Defense
0.65% 0.00% 21.78% 88.44%
Utilities
0.00% 0.00% 6.86% 96.73%
Energy
0.00% 0.00% 8.11% 98.17%

Stock Geographic Breakdown

Weighting Return Low Return High ALGRX % Rank
US
91.43% 78.13% 100.25% 62.36%
Non US
7.38% 0.00% 18.14% 29.43%

Expenses

ALGRX - Expenses

Operational Fees

ALGRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.96% 0.01% 24.73% 59.00%
Management Fee 0.52% 0.00% 1.40% 23.47%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.03% 0.01% 1.02% 7.49%

Sales Fees

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

Trading Fees

ALGRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 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.

ALGRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 134.50% 0.00% 464.00% 94.84%

Distributions

ALGRX - Distributions

Dividend Yield Analysis

ALGRX Category Low Category High ALGRX % Rank
Dividend Yield 0.00% 0.00% 19.54% 96.19%

Dividend Distribution Analysis

ALGRX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Semi-Annually Annually

Net Income Ratio Analysis

ALGRX Category Low Category High ALGRX % Rank
Net Income Ratio 0.04% -2.06% 2.43% 49.96%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

ALGRX - Fund Manager Analysis

Managers

Patrick Kelly


Start Date

Tenure

Tenure Rank

Dec 01, 2012

7.67

7.7%

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

5.17

5.2%

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
0.01 52.61 8.34 1.25