Alger Capital Appreciation Fund Class A (ACAAX)
| Fund Assets | 2.06B |
| Expense Ratio | 1.26% |
| Min. Investment | $1,000 |
| Turnover | 60.48% |
| Dividend (ttm) | 4.35 |
| Dividend Yield | 10.91% |
| Dividend Growth | 139.19% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 12, 2024 |
| Previous Close | 37.81 |
| YTD Return | 12.35% |
| 1-Year Return | 24.93% |
| 5-Year Return | 102.42% |
| 52-Week Low | 26.32 |
| 52-Week High | 39.64 |
| Beta (5Y) | n/a |
| Holdings | 75 |
| Inception Date | Jan 1, 1997 |
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.
Performance
ACAAX had a total return of 24.93% in the past year, including dividends. Since the fund's inception, the average annual return has been 11.52%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FLGEX | Fidelity | Fidelity Large Cap Growth Enhanced Index Fund | 0.39% |
| FBCGX | Fidelity | Fidelity Blue Chip Growth K6 Fund | 0.46% |
| FHOFX | Fidelity | Fidelity Series Large Cap Growth Index Fund | n/a |
| LGILX | Schwab | Schwab Select Large Cap Growth Fund | 0.75% |
| FBGRX | Fidelity | Fidelity Blue Chip Growth Fund | 0.69% |
Top 10 Holdings
62.52% of assets| Name | Symbol | Weight |
|---|---|---|
| Microsoft Corporation | MSFT | 13.25% |
| NVIDIA Corporation | NVDA | 11.48% |
| Amazon.com, Inc. | AMZN | 8.56% |
| Meta Platforms, Inc. | META | 7.31% |
| Apple Inc. | AAPL | 6.43% |
| AppLovin Corporation | APP | 4.13% |
| Broadcom Inc. | AVGO | 3.10% |
| Netflix, Inc. | NFLX | 2.92% |
| Visa Inc. | V | 2.68% |
| Tesla, Inc. | TSLA | 2.67% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 12, 2024 | $4.3459 | Dec 12, 2024 |
| Dec 14, 2023 | $1.8169 | Dec 14, 2023 |
| Dec 15, 2022 | $0.8384 | Dec 15, 2022 |
| Dec 18, 2019 | $2.2013 | Dec 18, 2019 |
| Dec 18, 2018 | $2.5393 | Dec 18, 2018 |
| Dec 15, 2017 | $1.668 | Dec 15, 2017 |