About ACAAX
Alger Capital Appreciation Fund Class A is an actively managed mutual fund that seeks long-term capital appreciation by investing primarily in growth-oriented equity securities of companies across all market capitalizations. The fund dedicates at least 85% of its net assets, including any borrowings for investment purposes, to equities identified through rigorous fundamental research for their promising growth potential. While the portfolio is diversified, a significant portion is allocated to large-cap growth stocks, with substantial weights in technology, consumer cyclical, and communication services sectors. Its top holdings include industry leaders such as Microsoft, NVIDIA, Amazon.com, Meta Platforms, Apple, and Alphabet, reflecting a focus on innovative companies driving market trends. The fund’s investment approach is characterized by active stock selection and a relatively high portfolio turnover. Alger Capital Appreciation Fund Class A plays a notable role in the large growth mutual fund category, offering investors exposure to companies expected to benefit from long-term secular growth trends, and is designed for those seeking capital appreciation through equity market participation.
Fund Family Alger
Category Large-Cap Growth
Performance Rating Above Average
Risk Rating Above Average
Stock Exchange Nasdaq
Ticker Symbol ACAAX
Share Class Class A
Index Russell 1000 Growth TR
ACAAX had a total return of 16.72% in the past year, including dividends. Since the fund's
inception, the average annual return has been 12.22%.
