Alger Capital Appreciation Instl Y (ACAYX)
| Fund Assets | 2.66B |
| Expense Ratio | 0.86% |
| Min. Investment | $500,000 |
| Turnover | 59.80% |
| Dividend (ttm) | 5.74 |
| Dividend Yield | 10.10% |
| Dividend Growth | 114.20% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 12, 2024 |
| Previous Close | 56.97 |
| YTD Return | 22.84% |
| 1-Year Return | 65.10% |
| 5-Year Return | 134.14% |
| 52-Week Low | 36.30 |
| 52-Week High | 57.42 |
| Beta (5Y) | n/a |
| Holdings | 71 |
| Inception Date | Feb 28, 2017 |
About ACAYX
Alger Capital Appreciation Institutional Fund Class Y is an actively managed mutual fund focused on achieving long-term capital appreciation by investing predominantly in growth-oriented equity securities. The fund's strategy centers on identifying companies—across all market capitalizations—that exhibit promising growth potential, utilizing the firm's fundamental research process. Typically, it allocates at least 85% of its net assets to these equities, offering diversified sector and industry exposure within the growth category. The portfolio typically includes around 70–74 holdings, with a notable concentration in large-cap U.S. stocks and a significant proportion of assets often allocated to leading technology and consumer services companies. The fund benchmarks its performance against major indices such as the Russell 1000 Growth Index and the S&P 500 Total Return Index, underscoring its commitment to capital growth over time. Managed by Fred Alger Management, LLC, this institutional share class is designed for investors seeking exposure to dynamic growth opportunities through a disciplined, research-driven equity selection approach, playing a significant role in the large growth segment of the mutual fund market.
Performance
ACAYX had a total return of 65.10% in the past year, including dividends. Since the fund's inception, the average annual return has been 20.28%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
Top 10 Holdings
62.93% of assets| Name | Symbol | Weight |
|---|---|---|
| NVIDIA Corporation | NVDA | 13.34% |
| Microsoft Corporation | MSFT | 13.17% |
| Amazon.com, Inc. | AMZN | 8.08% |
| Meta Platforms, Inc. | META | 7.98% |
| Apple Inc. | AAPL | 5.03% |
| AppLovin Corporation | APP | 4.23% |
| Taiwan Semiconductor Manufacturing Company Limited | TSM | 2.95% |
| Broadcom Inc. | AVGO | 2.80% |
| Talen Energy Corporation | TLN | 2.73% |
| Netflix, Inc. | NFLX | 2.63% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 12, 2024 | $5.7405 | Dec 12, 2024 |
| Dec 14, 2023 | $2.680 | Dec 14, 2023 |
| Dec 15, 2022 | $0.9783 | Dec 15, 2022 |
| Dec 15, 2021 | $7.9966 | Dec 15, 2021 |
| Dec 18, 2019 | $3.5672 | Dec 18, 2019 |
| Dec 18, 2018 | $3.5481 | Dec 18, 2018 |