About ACAZX
The Alger Capital Appreciation Fund Class Z is a mutual fund focused on achieving long-term capital appreciation by investing primarily in equity securities of companies across all market capitalizations that the fund's manager identifies as having significant growth potential. Employing a large growth investment style, the fund allocates at least 85% of its net assets to equities, with a strong emphasis on leading technology and consumer companies. Notable portfolio holdings include major firms such as Microsoft, NVIDIA, Amazon.com, Meta Platforms, Apple, and Alphabet, reflecting concentrated exposure to sectors like technology, communication services, and consumer cyclical industries. Managed to appeal to institutional investors, the fund is recognized for its active management approach and relatively high portfolio turnover. It plays a significant role in the market by offering investors access to a curated selection of high-growth U.S. equities, aiming to capture opportunities in sectors driving innovation and market expansion. The fund has received favorable ratings for performance over 3-, 5-, and 10-year periods among large growth peer funds, underscoring its reputation and impact within the actively managed mutual fund space.
Fund Family Alger
Category Large-Cap Growth
Performance Rating High
Risk Rating Above Average
Stock Exchange Nasdaq
Ticker Symbol ACAZX
Share Class Class Z
Index Russell 1000 Growth TR
ACAZX had a total return of 15.40% in the past year, including dividends. Since the fund's
inception, the average annual return has been 16.80%.
