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Alger Small Cap Growth Institutional Fund
mutual fund
ALSRX
Payout Change
Suspended
Price as of:
$17.56
+0.14
+0.8%
primary theme
U.S. Small-Cap Growth Equity
share class
ALSRX (Mutual Fund)
Alger Small Cap Growth Institutional Fund
Payout Change
Suspended
Price as of:
$17.56
+0.14
+0.8%
primary theme
U.S. Small-Cap Growth Equity
share class
ALSRX (Mutual Fund)
Alger Small Cap Growth Institutional Fund
Payout Change
Suspended
Price as of:
$17.56
+0.14
+0.8%
primary theme
U.S. Small-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
10.0%
1 yr return
8.9%
3 Yr Avg Return
-7.9%
5 Yr Avg Return
4.0%
Net Assets
$98.4 M
Holdings in Top 10
32.1%
52 WEEK LOW AND HIGH
$17.4
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.38%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 41.10%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
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
ALSRX - Profile
Distributions
- YTD Total Return 10.0%
- 3 Yr Annualized Total Return -7.9%
- 5 Yr Annualized Total Return 4.0%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -1.04%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameAlger Small Cap Growth Institutional Fund
-
Fund Family NameAlger Family of Funds
-
Inception DateNov 08, 2093
-
Shares OutstandingN/A
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerAmy Zhang
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 Fund focuses on small, fast-growing companies that the Manager believes offer innovative products, services or technologies to a rapidly-expanding marketplace. The Fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of companies that, at the time of purchase of the securities, have a total market capitalization rangeof the Russell 2000 Growth Index. The Russell 2000 Growth Index is a broad-based index of small capitalization stocks. At December 31, 2023, the market capitalization of the companies in the Russell 2000 Growth Index ranged from $19.7 million to $15.8 billion. Because of the Fund’s long-term approach to investing, it could have a significant portion of its assets invested in securities of issuers that have appreciated beyond the market capitalization threshold noted. Equity securities include common or preferred stocks that are listed on U.S. exchanges.The Fund 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, health care, and consumer discretionary sectors.The Fund may sell a stock when it reaches a target price, it fails to perform as expected, or other opportunities appear more attractive.The Fund can invest in foreign securities.The Fund invests in cash (and cash equivalents) when the Fund 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 Fund’s net assets.
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ALSRX - Performance
Return Ranking - Trailing
| Period | ALSRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 10.0% | -9.7% | 70.5% | 83.70% |
| 1 Yr | 8.9% | -10.7% | 65.6% | 82.41% |
| 3 Yr | -7.9%* | -15.7% | 60.0% | 97.56% |
| 5 Yr | 4.0%* | -4.4% | 45.4% | 93.93% |
| 10 Yr | 2.7%* | 1.3% | 24.7% | 99.48% |
* Annualized
Return Ranking - Calendar
| Period | ALSRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 14.8% | -20.5% | 54.6% | 46.28% |
| 2022 | -38.2% | -82.1% | 32.2% | 85.18% |
| 2021 | -23.4% | -90.6% | 300.1% | 90.00% |
| 2020 | 56.4% | -63.0% | 127.9% | 7.83% |
| 2019 | 8.0% | -7.7% | 42.9% | 95.17% |
Total Return Ranking - Trailing
| Period | ALSRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 10.0% | -9.7% | 70.5% | 83.70% |
| 1 Yr | 8.9% | -10.7% | 65.6% | 82.41% |
| 3 Yr | -7.9%* | -15.7% | 60.0% | 97.56% |
| 5 Yr | 4.0%* | -4.4% | 45.4% | 93.93% |
| 10 Yr | 2.7%* | 1.3% | 24.7% | 99.48% |
* Annualized
Total Return Ranking - Calendar
| Period | ALSRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 14.8% | -19.0% | 136.8% | 59.85% |
| 2022 | -38.2% | -59.9% | 44.3% | 94.18% |
| 2021 | -4.9% | -22.7% | 411.9% | 94.15% |
| 2020 | 64.9% | 1.5% | 150.8% | 9.20% |
| 2019 | 29.8% | 5.5% | 55.3% | 45.27% |
NAV & Total Return History
ALSRX - Holdings
Concentration Analysis
| ALSRX | Category Low | Category High | ALSRX % Rank | |
|---|---|---|---|---|
| Net Assets | 98.4 M | 209 K | 34.3 B | 87.22% |
| Number of Holdings | 102 | 7 | 1227 | 45.74% |
| Net Assets in Top 10 | 32.2 M | 53.8 K | 3.02 B | 85.19% |
| Weighting of Top 10 | 32.14% | 7.5% | 100.0% | 20.96% |
Top 10 Holdings
- Wingstop Inc 5.12%
- CHIME FINANCIAL INC /PFD/ 4.07%
- SPS Commerce Inc 3.64%
- Manhattan Associates Inc 3.15%
- Bio-Techne Corp 2.96%
- Dreyfus Treasury Obligations Cash Management Fund 2.95%
- Vertex Inc 2.77%
- Q2 Holdings Inc 2.66%
- Gates Industrial Corp PLC 2.57%
- Shake Shack Inc 2.25%
Asset Allocation
| Weighting | Return Low | Return High | ALSRX % Rank | |
|---|---|---|---|---|
| Stocks | 93.25% | 91.02% | 103.01% | 97.22% |
| Preferred Stocks | 4.07% | 0.00% | 4.59% | 1.30% |
| Cash | 2.95% | 0.00% | 28.78% | 33.89% |
| Other | 0.00% | -0.26% | 5.02% | 64.81% |
| Convertible Bonds | 0.00% | 0.00% | 1.57% | 55.56% |
| Bonds | 0.00% | 0.00% | 2.40% | 55.00% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | ALSRX % Rank | |
|---|---|---|---|---|
| Technology | 30.91% | 2.91% | 75.51% | 16.30% |
| Healthcare | 29.70% | 0.00% | 47.90% | 8.89% |
| Consumer Cyclical | 12.56% | 0.00% | 24.04% | 46.30% |
| Industrials | 7.40% | 0.00% | 36.64% | 95.74% |
| Communication Services | 4.69% | 0.00% | 15.31% | 11.85% |
| Consumer Defense | 4.69% | 0.00% | 13.56% | 34.07% |
| Energy | 4.33% | 0.00% | 55.49% | 21.30% |
| Financial Services | 2.49% | 0.00% | 42.95% | 92.22% |
| Basic Materials | 2.11% | 0.00% | 9.24% | 56.67% |
| Real Estate | 1.12% | 0.00% | 15.31% | 63.15% |
| Utilities | 0.00% | 0.00% | 5.57% | 67.22% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | ALSRX % Rank | |
|---|---|---|---|---|
| US | 92.46% | 17.30% | 103.01% | 92.78% |
| Non US | 0.79% | 0.00% | 77.12% | 22.78% |
ALSRX - Expenses
Operational Fees
| ALSRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.38% | 0.05% | 23.20% | 32.65% |
| Management Fee | 0.81% | 0.05% | 1.62% | 55.29% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | 0.03% | 0.01% | 0.40% | 10.99% |
Sales Fees
| ALSRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| ALSRX 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.
| ALSRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 41.10% | 3.00% | 264.00% | 38.69% |
ALSRX - Distributions
Dividend Yield Analysis
| ALSRX | Category Low | Category High | ALSRX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 6.91% | 61.48% |
Dividend Distribution Analysis
| ALSRX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Annual | Annual |
Net Income Ratio Analysis
| ALSRX | Category Low | Category High | ALSRX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -1.04% | -2.47% | 1.10% | 76.97% |
Capital Gain Distribution Analysis
| ALSRX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 12, 2024 | $0.171 | CapitalGainShortTerm |
| Dec 15, 2021 | $5.364 | CapitalGainLongTerm |
| Dec 16, 2020 | $1.550 | CapitalGainLongTerm |
| Dec 18, 2019 | $0.027 | OrdinaryDividend |
| Dec 18, 2019 | $3.774 | CapitalGainLongTerm |
| Dec 18, 2018 | $1.302 | CapitalGainShortTerm |
| Dec 18, 2018 | $0.681 | CapitalGainLongTerm |
| Dec 18, 2014 | $5.257 | CapitalGainLongTerm |
| Dec 18, 2012 | $3.230 | CapitalGainLongTerm |
| Dec 20, 2011 | $1.133 | CapitalGainLongTerm |
| Jun 27, 2000 | $1.110 | CapitalGainShortTerm |
| Jun 27, 2000 | $0.368 | CapitalGainLongTerm |
| Jun 29, 1999 | $0.801 | CapitalGainShortTerm |
| Jun 29, 1999 | $1.276 | CapitalGainLongTerm |
ALSRX - Fund Manager Analysis
Managers
Amy Zhang
Start Date
Tenure
Tenure Rank
Feb 12, 2015
7.3
7.3%
Amy Zhang, CFA is Executive Vice President and Portfolio Manager of the Alger Small Cap Focus, Alger Mid Cap Focus, Alger Mid Cap 40 and Alger Small Cap Growth Strategies. She joined Alger in 2015 and has 26 years of investment experience. Additionally, Amy is a member of The Alger Partners Plan. During her tenure at Alger, she has been featured and quoted in a number of publications such as: The Wall Street Journal, Barron’s, The New York Times, Citywire, Investor’s Business Daily, Bloomberg, Business Insider, Investment News, MarketWatch, China Business Network, Xinhua, Forbes, CNBC, and CNN. Prior to joining Alger, Amy worked at Brown Capital Management as a Partner, Managing Director, and Senior Portfolio Manager of its Brown Capital Small Company Strategy, including the Brown Capital Small Company Fund. Her previous experience includes working as a Portfolio Manager/Analyst at Epsilon Investment Management, Research Analyst at Templeton Worldwide, and Associate at Citicorp Securities. She is a former President of the CFA Society Baltimore and is currently chair of their Advisory Board. She served as a member on the Board of Directors, as well as Vice President and Programs Chair for the CFA Society of Stamford. Amy is a board member of the Mulan Club. Amy is also a member of the Board of Trustees of Manhattanville College, where she founded the AYZ STEM scholarship. Amy earned her B.A. from Manhattanville College, where she graduated summa cum laude. She earned her M.B.A. from Columbia Business School, where she was inducted into the Beta Gamma Sigma honor society and named to the Dean’s List. Amy is a CFA charterholder and a member of the CFA Institute.
Daniel Chung
Start Date
Tenure
Tenure Rank
Jan 11, 2016
6.39
6.4%
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.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 30.44 | 9.17 | 5.25 |
