Name
As of 12/11/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
57.6%
1 yr return
59.8%
3 Yr Avg Return
14.0%
5 Yr Avg Return
21.4%
Net Assets
$1.4 B
Holdings in Top 10
58.8%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.63%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 107.82%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$500,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/11/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
ALZFX - Profile
Distributions
- YTD Total Return 57.6%
- 3 Yr Annualized Total Return 14.0%
- 5 Yr Annualized Total Return 21.4%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.13%
- Dividend Yield 0.1%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameAlger Focus Equity Fund
-
Fund Family NameAlger Family of Funds
-
Inception DateDec 31, 2012
-
Shares OutstandingN/A
-
Share ClassZ
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerPatrick Kelly
Fund Description
ALZFX - Performance
Return Ranking - Trailing
Period | ALZFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 57.6% | -8.5% | 59.0% | 0.27% |
1 Yr | 59.8% | -6.7% | 90.0% | 1.91% |
3 Yr | 14.0%* | -20.9% | 24.6% | 3.16% |
5 Yr | 21.4%* | -12.3% | 31.8% | 3.61% |
10 Yr | 17.9%* | -4.1% | 22.6% | 3.56% |
* Annualized
Return Ranking - Calendar
Period | ALZFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 44.5% | -74.1% | 72.4% | 13.87% |
2022 | -35.8% | -85.9% | 4.7% | 60.06% |
2021 | 5.5% | -52.4% | 60.5% | 60.34% |
2020 | 37.6% | -34.3% | 145.0% | 20.56% |
2019 | 31.3% | -6.9% | 49.4% | 15.70% |
Total Return Ranking - Trailing
Period | ALZFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 57.6% | -8.5% | 59.0% | 0.27% |
1 Yr | 59.8% | -6.7% | 90.0% | 1.91% |
3 Yr | 14.0%* | -20.9% | 24.6% | 3.16% |
5 Yr | 21.4%* | -12.3% | 31.8% | 3.61% |
10 Yr | 17.9%* | -4.1% | 22.6% | 3.56% |
* Annualized
Total Return Ranking - Calendar
Period | ALZFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 44.6% | -4.6% | 72.4% | 19.80% |
2022 | -35.8% | -61.7% | 5.6% | 79.89% |
2021 | 20.0% | -39.8% | 118.1% | 61.27% |
2020 | 46.1% | 2.8% | 149.2% | 20.27% |
2019 | 34.3% | -5.2% | 49.4% | 39.45% |
NAV & Total Return History
ALZFX - Holdings
Concentration Analysis
ALZFX | Category Low | Category High | ALZFX % Rank | |
---|---|---|---|---|
Net Assets | 1.4 B | 296 K | 287 B | 51.68% |
Number of Holdings | 51 | 2 | 3061 | 62.98% |
Net Assets in Top 10 | 936 M | 126 K | 150 B | 48.46% |
Weighting of Top 10 | 58.84% | 0.7% | 205.0% | 25.93% |
Top 10 Holdings
- Microsoft Corp 12.77%
- NVIDIA Corp 12.44%
- Amazon.com Inc 6.41%
- Apple Inc 6.00%
- Meta Platforms Inc 5.86%
- Dreyfus Treasury Obligations Cash Management Fund 4.05%
- Alphabet Inc 3.20%
- AppLovin Corp 3.00%
- Broadcom Inc 2.79%
- HEICO Corp 2.32%
Asset Allocation
Weighting | Return Low | Return High | ALZFX % Rank | |
---|---|---|---|---|
Stocks | 96.13% | 0.00% | 123.52% | 90.56% |
Cash | 4.05% | 0.00% | 173.52% | 8.26% |
Preferred Stocks | 0.00% | 0.00% | 8.45% | 52.72% |
Other | 0.00% | -36.56% | 42.58% | 57.53% |
Convertible Bonds | 0.00% | 0.00% | 1.94% | 45.45% |
Bonds | 0.00% | 0.00% | 102.71% | 46.73% |
Stock Sector Breakdown
Weighting | Return Low | Return High | ALZFX % Rank | |
---|---|---|---|---|
Technology | 43.05% | 0.00% | 65.70% | 13.91% |
Consumer Cyclical | 20.79% | 0.00% | 62.57% | 15.00% |
Financial Services | 9.53% | 0.00% | 43.06% | 46.73% |
Communication Services | 8.98% | 0.00% | 66.40% | 67.55% |
Healthcare | 8.78% | 0.00% | 39.76% | 84.55% |
Industrials | 7.55% | 0.00% | 30.65% | 32.09% |
Energy | 0.87% | 0.00% | 41.09% | 45.00% |
Basic Materials | 0.44% | 0.00% | 18.91% | 69.82% |
Utilities | 0.00% | 0.00% | 16.07% | 61.64% |
Real Estate | 0.00% | 0.00% | 16.05% | 82.00% |
Consumer Defense | 0.00% | 0.00% | 25.50% | 92.64% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | ALZFX % Rank | |
---|---|---|---|---|
US | 96.13% | 0.00% | 123.52% | 76.13% |
Non US | 0.00% | 0.00% | 75.46% | 61.80% |
ALZFX - Expenses
Operational Fees
ALZFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.63% | 0.01% | 28.71% | 79.96% |
Management Fee | 0.52% | 0.00% | 1.50% | 35.28% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | 0.03% | 0.01% | 1.02% | 5.23% |
Sales Fees
ALZFX 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
ALZFX 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.
ALZFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 107.82% | 0.00% | 316.74% | 90.13% |
ALZFX - Distributions
Dividend Yield Analysis
ALZFX | Category Low | Category High | ALZFX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.08% | 0.00% | 27.58% | 39.60% |
Dividend Distribution Analysis
ALZFX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annually | Annual | Annual |
Net Income Ratio Analysis
ALZFX | Category Low | Category High | ALZFX % Rank | |
---|---|---|---|---|
Net Income Ratio | -0.13% | -6.13% | 3.48% | 34.97% |
Capital Gain Distribution Analysis
ALZFX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 14, 2023 | $0.066 | OrdinaryDividend |
Dec 15, 2022 | $0.036 | OrdinaryDividend |
Dec 15, 2021 | $7.964 | OrdinaryDividend |
Dec 16, 2020 | $3.407 | OrdinaryDividend |
Dec 18, 2019 | $0.128 | OrdinaryDividend |
Dec 18, 2019 | $0.114 | CapitalGainShortTerm |
Dec 18, 2019 | $0.645 | CapitalGainLongTerm |
Dec 18, 2018 | $0.168 | CapitalGainShortTerm |
Dec 18, 2018 | $1.455 | CapitalGainLongTerm |
Dec 18, 2018 | $0.078 | OrdinaryDividend |
Dec 15, 2017 | $0.245 | CapitalGainShortTerm |
Dec 15, 2017 | $0.981 | CapitalGainLongTerm |
ALZFX - Fund Manager Analysis
Managers
Patrick Kelly
Start Date
Tenure
Tenure Rank
Dec 01, 2012
9.5
9.5%
Patrick Kelly, CFA is Executive Vice President, Portfolio Manager and Head of Alger Capital Appreciation and Spectra Strategies, which include Alger Focus Equity. He joined Alger in 1999 and has 24 years of investment experience. 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 then ultimately Senior Analyst, responsible for the Technology sector. Patrick was named Portfolio Manager of the Alger Capital Appreciation and Alger Spectra Strategies in 2004, and was named Head of Alger Capital Appreciation and Alger Spectra Strategies in 2015. Additionally, Patrick is a member of The Alger Partners Plan. During his tenure at Alger, he has been featured and quoted in a number of publications such as: Barron’s, Investor’s Business Daily, Citywire, Bloomberg, and Fortune. Prior to joining Alger, Patrick was an investment banking analyst with SG Cowen. He earned his B.S from Georgetown University where he graduated with honors. Patrick is a CFA charterholder and a member of the CFA Institute.
Ankur Crawford
Start Date
Tenure
Tenure Rank
Mar 31, 2021
1.17
1.2%
Dr. Ankur Crawford is Executive Vice President and Portfolio Manager of the Alger Capital Appreciation, Alger Focus Equity, and Alger Spectra strategies. She joined Alger in September 2004 and has 17 years of investment experience. Ankur began her career at Alger as a Research Associate and successfully completed Alger’s in-house analyst training program. Over the next several years, Ankur was promoted to Associate Analyst, Analyst, and, ultimately, Senior Analyst. She was named portfolio manager of the Alger Mid Cap Growth strategies in 2010 and promoted to Head of the Technology sector team in January 2013 (until April 2016). In 2015, Ankur was added as a portfolio manager of the Alger Capital Appreciation, Alger Focus Equity and Alger Spectra strategies. Ankur is a member of The Alger Partners Plan. During her tenure at Alger, she has been featured and quoted in InvestmentNews, Investor’s Business Daily and Fortune. In 2020, Ankur was recognized as a “Top Women in Asset Management” honoree by Money Management Executive. Ankur was elected to the board of The Knowledge House, a Bronx-based charity with the mission of teaching underprivileged communities a skill set in technology that enables them to enter the “gig” economy. Ankur earned a B.S. in both Mechanical Engineering and Materials Science and Engineering from the University of California, Berkeley and also received an M.S. and a Ph.D. in Materials Science and Engineering from Stanford University. Ankur was awarded a fellowship from the prestigious Intel PhD Fellowship Program and worked as an engineer with Intel. She was also awarded a fellowship from the National Academy of Sciences, Engineering and Medicine. In addition, Ankur holds several U.S. patents.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.04 | 54.45 | 8.25 | 3.08 |