ALGYX: Alger Focus Equity Fund - MutualFunds.com
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Alger Focus Equity Y

ALGYX - Snapshot

Vitals

  • YTD Return 11.1%
  • 3 Yr Annualized Return 24.8%
  • 5 Yr Annualized Return 24.4%
  • Net Assets $1.4 B
  • Holdings in Top 10 52.2%

52 WEEK LOW AND HIGH

$60.88
$45.80
$61.65

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.63%

SALES FEES

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

BROKERAGE FEES

  • Turnover 99.52%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $500,000
  • IRA N/A

Fund Classification


Compare ALGYX to Popular U.S. Large-Cap Growth Equity Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$73.42

+0.60%

$270.57 B

0.23%

$0.17

8.71%

0.64%

$345.34

+1.27%

$160.75 B

0.52%

$1.77

9.21%

0.20%

$279.05

+1.26%

$155.89 B

0.46%

$1.26

10.15%

0.04%

$141.82

-0.38%

$155.89 B

-

$0.00

8.67%

0.17%

$18.34

+0.66%

$137.66 B

-

$0.00

9.43%

0.86%

ALGYX - Profile

Distributions

  • YTD Total Return 11.1%
  • 3 Yr Annualized Total Return 24.8%
  • 5 Yr Annualized Total Return 24.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.16%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Alger Focus Equity Fund
  • Fund Family Name
    Alger
  • Inception Date
    Feb 28, 2017
  • 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.


ALGYX - Performance

Return Ranking - Trailing

Period ALGYX Return Category Return Low Category Return High Rank in Category (%)
YTD 11.1% -89.0% 107.0% 32.92%
1 Yr 42.6% -9.0% 133.4% 27.92%
3 Yr 24.8%* 4.6% 47.4% 12.09%
5 Yr 24.4%* 9.8% 39.5% 10.93%
10 Yr 17.2%* 9.2% 22.9% 17.58%

* Annualized

Return Ranking - Calendar

Period ALGYX Return Category Return Low Category Return High Rank in Category (%)
2020 37.6% -67.0% 145.0% 17.86%
2019 31.3% -28.8% 76.0% 14.87%
2018 -3.6% -57.9% 10.6% 14.01%
2017 N/A -68.7% 64.3% N/A
2016 N/A -47.1% 15.4% N/A

Total Return Ranking - Trailing

Period ALGYX Return Category Return Low Category Return High Rank in Category (%)
YTD 11.1% -89.1% 107.0% 32.23%
1 Yr 42.6% -9.0% 133.4% 24.71%
3 Yr 24.8%* 3.3% 47.4% 11.29%
5 Yr 24.4%* 9.3% 39.5% 10.51%
10 Yr 17.2%* 9.2% 22.9% 16.99%

* Annualized

Total Return Ranking - Calendar

Period ALGYX Return Category Return Low Category Return High Rank in Category (%)
2020 37.6% -67.0% 145.0% 17.86%
2019 31.3% -28.8% 76.0% 14.87%
2018 1.7% -57.9% 16.5% 9.60%
2017 N/A -24.8% 64.3% N/A
2016 N/A -43.3% 17.1% N/A

NAV & Total Return History


ALGYX - Holdings

Concentration Analysis

ALGYX Category Low Category High ALGYX % Rank
Net Assets 1.4 B 200 K 271 B 50.00%
Number of Holdings 52 1 2920 67.20%
Net Assets in Top 10 680 M -10.1 M 95 B 49.32%
Weighting of Top 10 52.16% 10.3% 100.0% 13.43%

Top 10 Holdings

  1. Microsoft Corp 9.47%
  2. Amazon.com Inc 7.80%
  3. Apple Inc 5.79%
  4. Applied Materials Inc 5.09%
  5. Alibaba Group Holding Ltd ADR 4.96%
  6. Alphabet Inc Class C 4.94%
  7. Visa Inc Class A 4.68%
  8. PayPal Holdings Inc 4.47%
  9. Adobe Inc 4.22%
  10. Fidelity National Information Services Inc 3.78%

Asset Allocation

Weighting Return Low Return High ALGYX % Rank
Stocks
98.95% 0.00% 137.73% 52.66%
Cash
1.04% -37.73% 53.10% 39.88%
Preferred Stocks
0.00% 0.00% 4.47% 93.15%
Other
0.00% -2.00% 18.05% 92.54%
Convertible Bonds
0.00% 0.00% 7.04% 92.85%
Bonds
0.00% -0.70% 99.91% 92.34%

Stock Sector Breakdown

Weighting Return Low Return High ALGYX % Rank
Technology
39.10% 0.00% 61.05% 12.64%
Consumer Cyclical
16.91% 0.00% 53.84% 37.55%
Financial Services
14.68% 0.00% 42.02% 17.06%
Communication Services
13.64% 0.00% 67.80% 54.76%
Healthcare
7.71% 0.00% 38.99% 89.49%
Industrials
5.37% 0.00% 46.15% 53.85%
Consumer Defense
1.75% 0.00% 17.52% 77.00%
Basic Materials
0.85% 0.00% 27.03% 62.30%
Utilities
0.00% 0.00% 10.87% 96.12%
Real Estate
0.00% 0.00% 21.30% 98.17%
Energy
0.00% 0.00% 11.09% 95.96%

Stock Geographic Breakdown

Weighting Return Low Return High ALGYX % Rank
US
95.14% 0.00% 136.06% 45.51%
Non US
3.81% 0.00% 88.57% 50.53%

ALGYX - Expenses

Operational Fees

ALGYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.63% 0.01% 46.74% 83.18%
Management Fee 0.52% 0.00% 1.50% 30.60%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.03% 0.01% 1.02% 7.69%

Sales Fees

ALGYX 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% 5.50% N/A

Trading Fees

ALGYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 5.00% 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.

ALGYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 99.52% 0.00% 414.00% 87.82%

ALGYX - Distributions

Dividend Yield Analysis

ALGYX Category Low Category High ALGYX % Rank
Dividend Yield 0.00% 0.00% 5.68% 94.28%

Dividend Distribution Analysis

ALGYX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Annually Annually

Net Income Ratio Analysis

ALGYX Category Low Category High ALGYX % Rank
Net Income Ratio 0.16% -56.00% 1.83% 31.03%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

ALGYX - Fund Manager Analysis

Managers

Patrick Kelly


Start Date

Tenure

Tenure Rank

Dec 01, 2012

8.5

8.5%

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

Mar 31, 2021

0.17

0.2%

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
0.02 53.45 7.57 1.41