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Alger Large Cap Growth Portfolio
mutual fund
AAGOX
Payout Change
Suspended
Price as of:
$92.67
+0.91
+0.99%
primary theme
U.S. Large-Cap Growth Equity
share class
AAGOX (Mutual Fund)
Alger Large Cap Growth Portfolio
Payout Change
Suspended
Price as of:
$92.67
+0.91
+0.99%
primary theme
U.S. Large-Cap Growth Equity
share class
AAGOX (Mutual Fund)
Alger Large Cap Growth Portfolio
Payout Change
Suspended
Price as of:
$92.67
+0.91
+0.99%
primary theme
U.S. Large-Cap Growth Equity
share class
Name
As of 12/24/2024Price
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
Vitals
YTD Return
48.5%
1 yr return
48.3%
3 Yr Avg Return
6.3%
5 Yr Avg Return
17.6%
Net Assets
$375 M
Holdings in Top 10
49.2%
52 WEEK LOW AND HIGH
$91.8
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.87%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 69.92%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$500,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/24/2024Price
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
AAGOX - Profile
Distributions
- YTD Total Return 48.5%
- 3 Yr Annualized Total Return 6.3%
- 5 Yr Annualized Total Return 17.6%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.10%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameAlger Large Cap Growth Portfolio
-
Fund Family NameAlger Family of Funds
-
Inception DateJan 06, 2089
-
Shares OutstandingN/A
-
Share ClassI2
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerDaniel 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.The Portfolio focuses on growing companies that generally have broad product lines, markets, financial resources and depth of management. Under normal circumstances, the Portfolio invests at least 80% of its net assets in equity securities of companies that, at the time of purchase of the securities, have a market capitalization equal to or greater than the market capitalization of companies included in the Russell 1000 Growth Index, updated quarterly as reported by the index as of the most recent quarter-end. This index is designed to track the performance of large-capitalization growth stocks. At December 31, 2023, the market capitalization of the companies in this index ranged from $978 million to $2.99 trillion. Equity securities include common or preferred stocks that are listed on U.S. or foreign exchanges.The Portfolio 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 Portfolio may engage in active trading of portfolio securities.The Portfolio 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, consumer discretionary, and health care sectors.The Portfolio can invest in foreign securities.The Portfolio invests in cash (and cash equivalents) when the Portfolio 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 Portfolio’s net assets.
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AAGOX - Performance
Return Ranking - Trailing
| Period | AAGOX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 48.5% | -5.9% | 58.1% | 5.27% |
| 1 Yr | 48.3% | -3.8% | 58.7% | 4.91% |
| 3 Yr | 6.3%* | -24.7% | 27.3% | 67.97% |
| 5 Yr | 17.6%* | -14.9% | 31.1% | 23.27% |
| 10 Yr | 14.2%* | -5.6% | 22.1% | 41.48% |
* Annualized
Return Ranking - Calendar
| Period | AAGOX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 32.7% | -74.1% | 72.4% | 50.18% |
| 2022 | -42.0% | -85.9% | 4.7% | 87.12% |
| 2021 | -13.2% | -52.4% | 60.5% | 91.86% |
| 2020 | 45.2% | -34.3% | 145.0% | 13.00% |
| 2019 | 25.0% | -6.9% | 49.4% | 47.20% |
Total Return Ranking - Trailing
| Period | AAGOX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 48.5% | -5.9% | 58.1% | 5.27% |
| 1 Yr | 48.3% | -3.8% | 58.7% | 4.91% |
| 3 Yr | 6.3%* | -24.7% | 27.3% | 67.97% |
| 5 Yr | 17.6%* | -14.9% | 31.1% | 23.27% |
| 10 Yr | 14.2%* | -5.6% | 22.1% | 41.48% |
* Annualized
Total Return Ranking - Calendar
| Period | AAGOX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 32.7% | -4.6% | 72.4% | 68.25% |
| 2022 | -38.7% | -61.7% | 5.6% | 88.32% |
| 2021 | 11.8% | -39.8% | 118.1% | 86.25% |
| 2020 | 67.0% | 2.8% | 149.2% | 7.95% |
| 2019 | 27.4% | -5.2% | 49.4% | 89.81% |
NAV & Total Return History
AAGOX - Holdings
Concentration Analysis
| AAGOX | Category Low | Category High | AAGOX % Rank | |
|---|---|---|---|---|
| Net Assets | 375 M | 296 K | 317 B | 72.08% |
| Number of Holdings | 61 | 2 | 3061 | 49.09% |
| Net Assets in Top 10 | 168 M | 126 K | 150 B | 73.87% |
| Weighting of Top 10 | 49.23% | 0.7% | 205.0% | 66.33% |
Top 10 Holdings
- NVIDIA Corp 9.00%
- Microsoft Corp 8.68%
- Amazon.com Inc 6.73%
- Meta Platforms Inc 4.68%
- MercadoLibre Inc 4.23%
- Apple Inc 3.91%
- Vertiv Holdings Co 3.07%
- Uber Technologies Inc 3.05%
- Netflix Inc 2.98%
- Broadcom Inc 2.91%
Asset Allocation
| Weighting | Return Low | Return High | AAGOX % Rank | |
|---|---|---|---|---|
| Stocks | 98.56% | 0.00% | 123.52% | 62.16% |
| Cash | 1.55% | 0.00% | 173.52% | 33.39% |
| Preferred Stocks | 0.00% | 0.00% | 8.45% | 59.35% |
| Other | 0.00% | -36.56% | 42.58% | 61.34% |
| Convertible Bonds | 0.00% | 0.00% | 1.94% | 52.55% |
| Bonds | 0.00% | 0.00% | 102.71% | 53.72% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | AAGOX % Rank | |
|---|---|---|---|---|
| Technology | 41.80% | 0.00% | 65.70% | 20.64% |
| Consumer Cyclical | 19.03% | 0.00% | 62.57% | 22.45% |
| Healthcare | 15.85% | 0.00% | 39.76% | 20.45% |
| Industrials | 7.46% | 0.00% | 30.65% | 33.18% |
| Communication Services | 6.45% | 0.00% | 66.40% | 83.36% |
| Financial Services | 6.29% | 0.00% | 43.06% | 77.55% |
| Real Estate | 1.10% | 0.00% | 16.05% | 50.36% |
| Energy | 1.08% | 0.00% | 41.09% | 36.09% |
| Consumer Defense | 0.94% | 0.00% | 25.50% | 82.45% |
| Utilities | 0.00% | 0.00% | 16.07% | 66.91% |
| Basic Materials | 0.00% | 0.00% | 18.91% | 87.55% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | AAGOX % Rank | |
|---|---|---|---|---|
| US | 98.56% | 0.00% | 123.52% | 49.82% |
| Non US | 0.00% | 0.00% | 75.46% | 67.24% |
AAGOX - Expenses
Operational Fees
| AAGOX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.87% | 0.01% | 28.71% | 57.19% |
| Management Fee | 0.71% | 0.00% | 1.50% | 73.58% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | 0.03% | 0.01% | 1.02% | 6.10% |
Sales Fees
| AAGOX 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
| AAGOX 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.
| AAGOX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 69.92% | 0.00% | 316.74% | 78.52% |
AAGOX - Distributions
Dividend Yield Analysis
| AAGOX | Category Low | Category High | AAGOX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 27.58% | 73.57% |
Dividend Distribution Analysis
| AAGOX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annually | SemiAnnual | SemiAnnual |
Net Income Ratio Analysis
| AAGOX | Category Low | Category High | AAGOX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.10% | -6.13% | 3.48% | 33.21% |
Capital Gain Distribution Analysis
| AAGOX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 15, 2022 | $0.239 | CapitalGainShortTerm |
| Dec 15, 2022 | $2.543 | CapitalGainLongTerm |
| Dec 15, 2021 | $23.302 | OrdinaryDividend |
| Dec 16, 2020 | $13.778 | OrdinaryDividend |
| Dec 18, 2019 | $1.207 | CapitalGainLongTerm |
| Dec 18, 2018 | $1.973 | CapitalGainShortTerm |
| Dec 18, 2018 | $9.693 | CapitalGainLongTerm |
| Dec 15, 2017 | $6.044 | CapitalGainLongTerm |
| Dec 14, 2016 | $0.193 | CapitalGainLongTerm |
| Dec 16, 2015 | $2.751 | CapitalGainShortTerm |
| Dec 16, 2015 | $3.864 | CapitalGainLongTerm |
| Dec 18, 2014 | $6.999 | CapitalGainShortTerm |
| Dec 18, 2014 | $3.893 | CapitalGainLongTerm |
| Dec 18, 2014 | $0.108 | OrdinaryDividend |
| Dec 18, 2013 | $0.445 | OrdinaryDividend |
| Dec 18, 2012 | $0.273 | OrdinaryDividend |
| May 08, 2012 | $0.280 | OrdinaryDividend |
| May 11, 2011 | $0.438 | OrdinaryDividend |
| May 12, 2010 | $0.289 | OrdinaryDividend |
| May 14, 2008 | $0.090 | OrdinaryDividend |
| May 16, 2007 | $0.154 | OrdinaryDividend |
| May 17, 2006 | $0.048 | OrdinaryDividend |
| May 17, 2005 | $0.083 | OrdinaryDividend |
| May 30, 2002 | $0.012 | OrdinaryDividend |
| May 29, 2001 | $0.102 | OrdinaryDividend |
| May 29, 2001 | $5.531 | CapitalGainLongTerm |
| May 25, 2000 | $3.806 | CapitalGainShortTerm |
| May 25, 2000 | $4.650 | CapitalGainLongTerm |
| May 06, 1999 | $0.079 | OrdinaryDividend |
| May 06, 1999 | $1.230 | CapitalGainShortTerm |
| May 06, 1999 | $4.164 | CapitalGainLongTerm |
AAGOX - Fund Manager Analysis
Managers
Daniel Chung
Start Date
Tenure
Tenure Rank
Sep 30, 2001
20.68
20.7%
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.
Sanjiv Talwar
Start Date
Tenure
Tenure Rank
Jul 01, 2021
0.92
0.9%
Dr. Sanjiv Talwar is Senior Vice President, Senior Analyst, Portfolio Manager of the Alger Health Sciences and Large Cap Growth strategies and the Head of Healthcare. He joined Alger in 2021 with 15 years of investment experience and more than 12 years of experience in scientific and medical research. Before joining Alger, Sanjiv was a Portfolio Manager, Senior Analyst and Director of Equity Research for Oppenheimer Funds, a life sciences fund from 2012 to 2021 at Invesco, where he also served as a Senior Healthcare Analyst on a global fund. Prior to that, Sanjiv was an Associate Principal at McKinsey & Company from 2006 to 2012, where he led consulting teams focused on healthcare, serving industry and private equity globally.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.04 | 54.45 | 8.25 | 3.08 |
