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Alger Weatherbie Specialized Growth Fund
ASIMX (Mutual Fund)
Alger Weatherbie Specialized Growth 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
16.0%
1 yr return
15.4%
3 Yr Avg Return
-7.2%
5 Yr Avg Return
5.5%
Net Assets
$477 M
Holdings in Top 10
47.1%
52 WEEK LOW AND HIGH
$14.5
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.31%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 61.53%
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
ASIMX - Profile
Distributions
- YTD Total Return 16.0%
- 3 Yr Annualized Total Return -7.2%
- 5 Yr Annualized Total Return 5.5%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -1.02%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameAlger Weatherbie Specialized Growth Fund
-
Fund Family NameAlger
-
Inception DateAug 05, 2007
-
Shares OutstandingN/A
-
Share ClassI
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerH. George Dai
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 is sub-advised by Weatherbie Capital, LLC (“Weatherbie”), an affiliate of the Manager (Weatherbie and the Manager, collectively referred to as the “Manager,” where applicable). Subject to the general supervision by the Fund’s Board of Trustees, the Manager oversees Weatherbie and evaluates its performance results. The Manager reviews portfolio performance, compliance with investment guidelines and federal securities laws, and changes in key personnel of Weatherbie. Weatherbie is primarily responsible for the day-to-day management of the Fund’s portfolio, including purchases and sales of individual securities.Under normal circumstances, the Fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of smallcap and midcap companies. Equity securities include common or preferred stocks that are listed on U.S. or foreign exchanges. Smallcap or midcap companies are companies that, at the time of purchase, have total market capitalization within the range of companies included in the Russell 2500 Growth Index or the Russell Midcap Growth Index, respectively, as reported by the indexes as of the most recent quarter-end. At December 31, 2023, the market capitalization of the companies in these indexes ranged from $19.7 million to $73.3 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 thresholds noted.As a focus fund, the Fund intends to invest a substantial portion of its assets in a smaller number of issuers, and may focus its holdings 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 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, industrials, and financials 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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ASIMX - Performance
Return Ranking - Trailing
| Period | ASIMX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 16.0% | -9.7% | 70.5% | 41.85% |
| 1 Yr | 15.4% | -10.7% | 65.6% | 43.89% |
| 3 Yr | -7.2%* | -15.7% | 60.0% | 94.18% |
| 5 Yr | 5.5%* | -4.4% | 45.4% | 82.97% |
| 10 Yr | 8.0%* | 1.3% | 24.7% | 67.10% |
* Annualized
Return Ranking - Calendar
| Period | ASIMX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 11.3% | -20.5% | 54.6% | 71.38% |
| 2022 | -38.1% | -82.1% | 32.2% | 84.80% |
| 2021 | -15.0% | -90.6% | 300.1% | 71.13% |
| 2020 | 49.8% | -63.0% | 127.9% | 15.26% |
| 2019 | 34.0% | -7.7% | 42.9% | 5.43% |
Total Return Ranking - Trailing
| Period | ASIMX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 16.0% | -9.7% | 70.5% | 41.85% |
| 1 Yr | 15.4% | -10.7% | 65.6% | 43.89% |
| 3 Yr | -7.2%* | -15.7% | 60.0% | 94.18% |
| 5 Yr | 5.5%* | -4.4% | 45.4% | 82.97% |
| 10 Yr | 8.0%* | 1.3% | 24.7% | 67.10% |
* Annualized
Total Return Ranking - Calendar
| Period | ASIMX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 11.3% | -19.0% | 136.8% | 82.34% |
| 2022 | -38.1% | -59.9% | 44.3% | 93.62% |
| 2021 | 5.6% | -22.7% | 411.9% | 69.25% |
| 2020 | 56.8% | 1.5% | 150.8% | 18.59% |
| 2019 | 39.2% | 5.5% | 55.3% | 8.25% |
NAV & Total Return History
ASIMX - Holdings
Concentration Analysis
| ASIMX | Category Low | Category High | ASIMX % Rank | |
|---|---|---|---|---|
| Net Assets | 477 M | 209 K | 34.3 B | 56.48% |
| Number of Holdings | 52 | 7 | 1227 | 87.41% |
| Net Assets in Top 10 | 239 M | 53.8 K | 3.02 B | 43.15% |
| Weighting of Top 10 | 47.15% | 7.5% | 100.0% | 6.86% |
Top 10 Holdings
- FirstService Corp 5.82%
- Casella Waste Systems Inc 5.56%
- Glaukos Corp 5.38%
- Vertex Inc 5.10%
- Natera Inc 5.04%
- StepStone Group Inc 4.98%
- Hamilton Lane Inc 4.83%
- SPS Commerce Inc 3.99%
- Progyny Inc 3.22%
- Tandem Diabetes Care Inc 3.21%
Asset Allocation
| Weighting | Return Low | Return High | ASIMX % Rank | |
|---|---|---|---|---|
| Stocks | 97.89% | 91.02% | 103.01% | 57.04% |
| Cash | 2.49% | 0.00% | 28.78% | 43.33% |
| Preferred Stocks | 0.00% | 0.00% | 4.59% | 71.11% |
| Other | 0.00% | -0.26% | 5.02% | 74.07% |
| Convertible Bonds | 0.00% | 0.00% | 1.57% | 67.78% |
| Bonds | 0.00% | 0.00% | 2.40% | 67.04% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | ASIMX % Rank | |
|---|---|---|---|---|
| Industrials | 25.53% | 0.00% | 36.64% | 5.00% |
| Technology | 21.05% | 2.91% | 75.51% | 74.63% |
| Healthcare | 14.86% | 0.00% | 47.90% | 84.44% |
| Financial Services | 13.90% | 0.00% | 42.95% | 15.74% |
| Consumer Defense | 6.57% | 0.00% | 13.56% | 13.15% |
| Energy | 6.36% | 0.00% | 55.49% | 10.37% |
| Real Estate | 5.91% | 0.00% | 15.31% | 16.30% |
| Consumer Cyclical | 5.47% | 0.00% | 24.04% | 95.93% |
| Communication Services | 0.34% | 0.00% | 15.31% | 81.67% |
| Utilities | 0.00% | 0.00% | 5.57% | 76.30% |
| Basic Materials | 0.00% | 0.00% | 9.24% | 94.26% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | ASIMX % Rank | |
|---|---|---|---|---|
| US | 97.89% | 17.30% | 103.01% | 51.48% |
| Non US | 0.00% | 0.00% | 77.12% | 73.70% |
ASIMX - Expenses
Operational Fees
| ASIMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.31% | 0.05% | 23.20% | 40.26% |
| Management Fee | 0.81% | 0.05% | 1.62% | 56.59% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 53.56% |
| Administrative Fee | 0.03% | 0.01% | 0.40% | 12.57% |
Sales Fees
| ASIMX 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
| ASIMX 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.
| ASIMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 61.53% | 3.00% | 264.00% | 55.39% |
ASIMX - Distributions
Dividend Yield Analysis
| ASIMX | Category Low | Category High | ASIMX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 6.91% | 72.22% |
Dividend Distribution Analysis
| ASIMX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Annual | Annual |
Net Income Ratio Analysis
| ASIMX | Category Low | Category High | ASIMX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -1.02% | -2.47% | 1.10% | 74.91% |
Capital Gain Distribution Analysis
| ASIMX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 15, 2021 | $4.336 | OrdinaryDividend |
| Dec 16, 2020 | $0.973 | CapitalGainLongTerm |
| Dec 18, 2019 | $0.561 | CapitalGainLongTerm |
| Dec 18, 2018 | $1.033 | CapitalGainLongTerm |
| Dec 14, 2016 | $1.226 | CapitalGainLongTerm |
| Dec 16, 2015 | $5.959 | CapitalGainLongTerm |
| Dec 18, 2014 | $0.195 | CapitalGainShortTerm |
| Dec 18, 2014 | $2.374 | CapitalGainLongTerm |
| Dec 18, 2013 | $0.455 | CapitalGainShortTerm |
| Dec 18, 2013 | $2.551 | CapitalGainLongTerm |
ASIMX - Fund Manager Analysis
Managers
H. George Dai
Start Date
Tenure
Tenure Rank
Mar 01, 2017
5.25
5.3%
George Dai, Ph.D. is Chief Investment Officer and Senior Portfolio Manager of Weatherbie Capital, LLC. George is a Portfolio Manager on the Weatherbie Specialized Growth Strategy, the Weatherbie Long/Short Strategy, the Alger Dynamic Opportunities Strategy and the Alger Weatherbie Enduring Growth Strategy. Additionally, he maintains research responsibilities in the diversified business services, healthcare, and technology areas. George joined Weatherbie Capital in March 2001 and has 22 years of investment experience. Prior to joining Weatherbie, he was an equity analyst with 1838 Investment Advisors. George received his M.B.A. from the Wharton School, University of Pennsylvania, (Director’s List), and his Ph.D. in chemistry from Johns Hopkins University. Previously, he earned a B.S. from the University of Science and Technology of China and was a pharmaceutical research scientist at Procter & Gamble. George is a prized Bridge player, and he holds four U.S. patents. George was issued the Certificate in ESG Investing by the CFA Institute.
Joshua Bennett
Start Date
Tenure
Tenure Rank
Mar 01, 2017
5.25
5.3%
Josh Bennett, CFA is Chief Operating Officer and Senior Portfolio Manager of Weatherbie Capital, LLC. Josh is a Portfolio Manager on the Weatherbie Specialized Growth Strategy, the Weatherbie Long/Short Strategy, the Alger Dynamic Opportunities Strategy and the Alger Weatherbie Enduring Growth Strategy. He also has research responsibilities in the consumer, industrials, technology and diversified business services areas. Josh joined Weatherbie Capital in July 2007 and has 21 years of investment experience. Prior to joining Weatherbie, he was an Equity Research Analyst at MFS Investment Management in Boston where he focused on the Aerospace/Defense and Transportation sectors. Josh also has previous experience with Fidelity Investments as a High Yield research associate. Josh received his M.B.A. from the Tuck School of Business at Dartmouth (Edward Tuck Scholar with Distinction) and he earned a B.A. in Economics (Summa Cum Laude) from Wheaton College (IL). Josh is a CFA charterholder and is a member of both the CFA Society Boston and the CFA Institute. Josh was issued the Certificate in ESG Investing by the CFA Society United Kingdom. He is a Trustee at Lexington Christian Academy (Lexington, MA) and a member of the Investment Committee of Christian Camps & Conferences.
Edward Minn
Start Date
Tenure
Tenure Rank
Jul 01, 2020
1.92
1.9%
Ed Minn, CFA is Senior Managing Director and Portfolio Manager on the Weatherbie Specialized Growth Strategy, the Alger Weatherbie Select 15 Strategy and the Weatherbie Growth Strategy. Ed is also Research Analyst on the Weatherbie Specialized Growth and Weatherbie Long/Short Strategies. His research responsibilities are in the consumer, media & communications, diversified business services, information services and technology areas. Ed joined Weatherbie Capital in December 2013 and has 15 years of investing experience. Prior to joining the firm, he spent five years as a research analyst at Vinik Asset Management, LP, where he focused on the technology sector. He began his investment career at Raymond James & Associates, Inc. where he worked as a research associate covering energy stocks. Ed received his M.B.A. from the University of Chicago Booth School of Business with High Honors. Ed also holds a B.S. in economics from Duke University, where he graduated Summa Cum Laude. Ed is a CFA charterholder and is a member of both the CFA Society Boston and the CFA Institute.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 30.44 | 9.17 | 5.25 |
