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Alger Focus Equity Fund
ALZFX (Mutual Fund)
Alger Focus Equity 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
Vitals
YTD Return
58.0%
1 yr return
58.0%
3 Yr Avg Return
13.6%
5 Yr Avg Return
20.7%
Net Assets
$1.4 B
Holdings in Top 10
58.8%
52 WEEK LOW AND HIGH
$84.6
N/A
N/A
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 12/24/2024Price
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
ALZFX - Profile
Distributions
- YTD Total Return 58.0%
- 3 Yr Annualized Total Return 13.6%
- 5 Yr Annualized Total Return 20.7%
- 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
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.Under normal circumstances, the Fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of companies of any market capitalization that the Manager believes demonstrate promising growth potential. Equity securities include common or preferred stocks that are listed on U.S. or foreign exchanges.As a focus fund, the Fund intends to invest a substantial portion of its assets in a smaller number of issuers. Generally the Fund will own approximately 50 holdings. Fund holdings may occasionally differ from this number for a variety of reasons, including, among others, because of extreme market volatility, such as when the Fund has entered a temporary defensive position. Additionally, the Fund may temporarily exceed the stated number of holdings when it acquires a new holding and determines that it is in the best interests of shareholders to sell an existing holding over a period of time, instead of immediately selling the entire holding.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, consumer discretionary, health care,and communication services 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. As a result, the Fund may engage in active trading of portfolio securities.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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ALZFX - Performance
Return Ranking - Trailing
| Period | ALZFX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 58.0% | -5.9% | 58.1% | 0.18% |
| 1 Yr | 58.0% | -3.8% | 58.7% | 0.18% |
| 3 Yr | 13.6%* | -24.7% | 27.3% | 1.76% |
| 5 Yr | 20.7%* | -14.9% | 31.1% | 3.41% |
| 10 Yr | 17.5%* | -5.6% | 22.1% | 3.31% |
* 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 | 58.0% | -5.9% | 58.1% | 0.18% |
| 1 Yr | 58.0% | -3.8% | 58.7% | 0.18% |
| 3 Yr | 13.6%* | -24.7% | 27.3% | 1.76% |
| 5 Yr | 20.7%* | -14.9% | 31.1% | 3.41% |
| 10 Yr | 17.5%* | -5.6% | 22.1% | 3.31% |
* 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 | 317 B | 51.95% |
| Number of Holdings | 51 | 2 | 3061 | 62.52% |
| Net Assets in Top 10 | 936 M | 126 K | 150 B | 48.55% |
| Weighting of Top 10 | 58.84% | 0.7% | 205.0% | 26.66% |
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% | 90.65% |
| Cash | 4.05% | 0.00% | 173.52% | 8.35% |
| Preferred Stocks | 0.00% | 0.00% | 8.45% | 39.20% |
| Other | 0.00% | -36.56% | 42.58% | 43.65% |
| Convertible Bonds | 0.00% | 0.00% | 1.94% | 29.91% |
| Bonds | 0.00% | 0.00% | 102.71% | 31.85% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | ALZFX % Rank | |
|---|---|---|---|---|
| Technology | 43.05% | 0.00% | 65.70% | 14.00% |
| Consumer Cyclical | 20.79% | 0.00% | 62.57% | 15.09% |
| Financial Services | 9.53% | 0.00% | 43.06% | 46.82% |
| Communication Services | 8.98% | 0.00% | 66.40% | 67.45% |
| Healthcare | 8.78% | 0.00% | 39.76% | 84.64% |
| Industrials | 7.55% | 0.00% | 30.65% | 31.91% |
| Energy | 0.87% | 0.00% | 41.09% | 45.09% |
| Basic Materials | 0.44% | 0.00% | 18.91% | 69.82% |
| Utilities | 0.00% | 0.00% | 16.07% | 51.18% |
| Real Estate | 0.00% | 0.00% | 16.05% | 77.18% |
| Consumer Defense | 0.00% | 0.00% | 25.50% | 91.73% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | ALZFX % Rank | |
|---|---|---|---|---|
| US | 96.13% | 0.00% | 123.52% | 76.77% |
| Non US | 0.00% | 0.00% | 75.46% | 50.91% |
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% | 79.78% |
| Management Fee | 0.52% | 0.00% | 1.50% | 35.19% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | 0.03% | 0.01% | 1.02% | 4.94% |
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% | 90.24% |
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 | SemiAnnual | SemiAnnual |
Net Income Ratio Analysis
| ALZFX | Category Low | Category High | ALZFX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.13% | -6.13% | 3.48% | 34.79% |
Capital Gain Distribution Analysis
| ALZFX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-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 |
