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Alger Spectra Fund
SPECX (Mutual Fund)
Alger Spectra 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
53.6%
1 yr return
53.9%
3 Yr Avg Return
9.4%
5 Yr Avg Return
16.2%
Net Assets
$3.28 B
Holdings in Top 10
63.2%
52 WEEK LOW AND HIGH
$29.3
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.50%
SALES FEES
Front Load 5.25%
Deferred Load N/A
TRADING FEES
Turnover 108.48%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
$500
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
SPECX - Profile
Distributions
- YTD Total Return 53.6%
- 3 Yr Annualized Total Return 9.4%
- 5 Yr Annualized Total Return 16.2%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.98%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameAlger Spectra Fund
-
Fund Family NameAlger
-
Inception DateJul 28, 2069
-
Shares OutstandingN/A
-
Share ClassA
-
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.The Fund invests primarily in the equity securities of companies of any size that the Manager believes demonstrate promising growth potential. Equity securities include common or preferred stocks that are listed on U.S. or foreign exchanges.The Fund may sell securities short, which is the sale of a security the Fund does not own either to hedge a portfolio position or to seek to profit on the decline in value of the securities sold. The Fund arranges with a broker to borrow the security being sold short, and replaces the security by buying it at the current market price when it closes out the short sale. If the price of the security sold short has increased since the time of the short sale, the Fund will incur a loss in addition to the costs associated with establishing, maintaining and closing out the short position. If the price of the security sold short has decreased since the time of the short sale, the Fund will experience a gain to the extent the difference in price is greater than these costs. The Fund will not make a short sale if, after giving effect to such sale, the market value of all securities sold short exceeds 10% of the value of its net assets.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 can leverage, that is, borrow money to purchase additional securities.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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SPECX - Performance
Return Ranking - Trailing
| Period | SPECX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 53.6% | -5.9% | 58.1% | 3.73% |
| 1 Yr | 53.9% | -3.8% | 58.7% | 3.00% |
| 3 Yr | 9.4%* | -24.7% | 27.3% | 35.56% |
| 5 Yr | 16.2%* | -14.9% | 31.1% | 46.06% |
| 10 Yr | 14.4%* | -5.6% | 22.1% | 40.97% |
* Annualized
Return Ranking - Calendar
| Period | SPECX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 41.3% | -74.1% | 72.4% | 22.17% |
| 2022 | -40.9% | -85.9% | 4.7% | 83.23% |
| 2021 | -16.9% | -52.4% | 60.5% | 94.86% |
| 2020 | 31.4% | -34.3% | 145.0% | 32.78% |
| 2019 | 23.2% | -6.9% | 49.4% | 62.69% |
Total Return Ranking - Trailing
| Period | SPECX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 53.6% | -5.9% | 58.1% | 3.73% |
| 1 Yr | 53.9% | -3.8% | 58.7% | 3.00% |
| 3 Yr | 9.4%* | -24.7% | 27.3% | 35.56% |
| 5 Yr | 16.2%* | -14.9% | 31.1% | 46.06% |
| 10 Yr | 14.4%* | -5.6% | 22.1% | 40.97% |
* Annualized
Total Return Ranking - Calendar
| Period | SPECX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 41.3% | -4.6% | 72.4% | 33.49% |
| 2022 | -39.3% | -61.7% | 5.6% | 92.22% |
| 2021 | 11.7% | -39.8% | 118.1% | 86.53% |
| 2020 | 43.6% | 2.8% | 149.2% | 25.12% |
| 2019 | 32.1% | -5.2% | 49.4% | 59.12% |
NAV & Total Return History
SPECX - Holdings
Concentration Analysis
| SPECX | Category Low | Category High | SPECX % Rank | |
|---|---|---|---|---|
| Net Assets | 3.28 B | 296 K | 317 B | 36.54% |
| Number of Holdings | 126 | 2 | 3061 | 17.33% |
| Net Assets in Top 10 | 2.08 B | 126 K | 150 B | 34.85% |
| Weighting of Top 10 | 63.22% | 0.7% | 205.0% | 12.47% |
Top 10 Holdings
- Microsoft Corp 14.47%
- NVIDIA Corp 13.55%
- Amazon.com Inc 8.66%
- Apple Inc 6.89%
- Meta Platforms Inc 6.57%
- Alphabet Inc 3.45%
- HEICO Corp 2.87%
- Broadcom Inc 2.44%
- Visa Inc 2.19%
- Natera Inc 2.13%
Asset Allocation
| Weighting | Return Low | Return High | SPECX % Rank | |
|---|---|---|---|---|
| Stocks | 100.33% | 0.00% | 123.52% | 1.72% |
| Preferred Stocks | 0.20% | 0.00% | 8.45% | 12.79% |
| Cash | 0.04% | 0.00% | 173.52% | 87.48% |
| Other | 0.00% | -36.56% | 42.58% | 56.17% |
| Convertible Bonds | 0.00% | 0.00% | 1.94% | 45.09% |
| Bonds | 0.00% | 0.00% | 102.71% | 46.46% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | SPECX % Rank | |
|---|---|---|---|---|
| Technology | 38.08% | 0.00% | 65.70% | 39.00% |
| Consumer Cyclical | 19.42% | 0.00% | 62.57% | 21.36% |
| Healthcare | 14.44% | 0.00% | 39.76% | 32.27% |
| Communication Services | 6.58% | 0.00% | 66.40% | 82.91% |
| Financial Services | 6.57% | 0.00% | 43.06% | 75.64% |
| Industrials | 6.54% | 0.00% | 30.65% | 45.27% |
| Energy | 4.67% | 0.00% | 41.09% | 9.55% |
| Utilities | 1.40% | 0.00% | 16.07% | 12.18% |
| Real Estate | 1.13% | 0.00% | 16.05% | 50.00% |
| Consumer Defense | 0.67% | 0.00% | 25.50% | 84.36% |
| Basic Materials | 0.50% | 0.00% | 18.91% | 68.64% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | SPECX % Rank | |
|---|---|---|---|---|
| US | 99.95% | 0.00% | 123.52% | 6.44% |
| Non US | 0.38% | 0.00% | 75.46% | 29.85% |
SPECX - Expenses
Operational Fees
| SPECX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.50% | 0.01% | 28.71% | 18.40% |
| Management Fee | 0.85% | 0.00% | 1.50% | 90.13% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 40.21% |
| Administrative Fee | 0.03% | 0.01% | 1.02% | 5.52% |
Sales Fees
| SPECX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | 5.25% | 2.25% | 8.50% | 72.55% |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| SPECX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | 11.03% |
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.
| SPECX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 108.48% | 0.00% | 316.74% | 90.75% |
SPECX - Distributions
Dividend Yield Analysis
| SPECX | Category Low | Category High | SPECX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 27.58% | 69.21% |
Dividend Distribution Analysis
| SPECX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annually | SemiAnnual | SemiAnnual |
Net Income Ratio Analysis
| SPECX | Category Low | Category High | SPECX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.98% | -6.13% | 3.48% | 87.29% |
Capital Gain Distribution Analysis
| SPECX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 12, 2024 | $1.847 | CapitalGainLongTerm |
| Dec 15, 2022 | $0.392 | CapitalGainLongTerm |
| Dec 15, 2021 | $8.434 | CapitalGainLongTerm |
| Dec 16, 2020 | $2.710 | CapitalGainLongTerm |
| Dec 18, 2019 | $1.617 | CapitalGainLongTerm |
| Dec 18, 2018 | $2.202 | CapitalGainLongTerm |
| Dec 15, 2017 | $0.014 | CapitalGainShortTerm |
| Dec 15, 2017 | $1.249 | CapitalGainLongTerm |
| Dec 14, 2016 | $0.344 | CapitalGainLongTerm |
| Dec 16, 2015 | $1.499 | CapitalGainLongTerm |
| Dec 18, 2014 | $0.147 | CapitalGainShortTerm |
| Dec 18, 2014 | $2.233 | CapitalGainLongTerm |
| Dec 18, 2013 | $0.343 | CapitalGainShortTerm |
| Dec 18, 2013 | $0.660 | CapitalGainLongTerm |
| Dec 18, 2012 | $0.113 | CapitalGainShortTerm |
| Dec 18, 2012 | $0.208 | CapitalGainLongTerm |
| Dec 18, 2012 | $0.086 | OrdinaryDividend |
| Dec 20, 2011 | $0.065 | CapitalGainShortTerm |
| Dec 20, 2011 | $0.147 | CapitalGainLongTerm |
SPECX - Fund Manager Analysis
Managers
Patrick Kelly
Start Date
Tenure
Tenure Rank
Sep 01, 2004
17.76
17.8%
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
Jun 01, 2015
7.0
7.0%
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.
Daniel Chung
Start Date
Tenure
Tenure Rank
Feb 11, 2021
1.3
1.3%
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 |
|---|---|---|---|
| 0.04 | 54.45 | 8.25 | 3.08 |
