Alger Capital Appreciation Institutional Fund Class Z-2 (ACIZX)
| Fund Assets | 2.60B |
| Expense Ratio | 0.88% |
| Min. Investment | $500,000 |
| Turnover | 59.80% |
| Dividend (ttm) | 5.74 |
| Dividend Yield | 10.44% |
| Dividend Growth | 114.20% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 12, 2024 |
| Previous Close | 54.99 |
| YTD Return | 20.91% |
| 1-Year Return | 72.05% |
| 5-Year Return | 136.57% |
| 52-Week Low | 36.09 |
| 52-Week High | 55.63 |
| Beta (5Y) | n/a |
| Holdings | 71 |
| Inception Date | Oct 14, 2016 |
About ACIZX
Alger Capital Appreciation Institutional Fund is a mutual fund focused on achieving long-term capital appreciation through investments in a diversified portfolio of equity securities. Primarily emphasizing large-cap growth companies, the fund utilizes a fundamental, bottom-up research process to identify U.S. companies that demonstrate significant growth potential—either by creating products or services with rapidly increasing demand or by undergoing transformative changes in their business lifecycle. The fund generally invests across a range of sectors, with a notable tilt toward technology, consumer, and communication industries, giving it exposure to influential market leaders. Designed for institutional investors, the fund is managed with an actively managed approach, seeking to outperform large-cap growth benchmarks such as the Russell 1000 Growth Index. With a substantial asset base and a focus on dynamic, high-conviction stock selection, Alger Capital Appreciation Institutional Fund plays a significant role in the large-cap growth segment of the U.S. equity market, serving as a strategic option for those seeking exposure to leading innovative companies.
Performance
ACIZX had a total return of 72.05% in the past year, including dividends. Since the fund's inception, the average annual return has been 21.07%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
Top 10 Holdings
62.56% of assets| Name | Symbol | Weight |
|---|---|---|
| Microsoft Corporation | MSFT | 13.16% |
| NVIDIA Corporation | NVDA | 12.31% |
| Amazon.com, Inc. | AMZN | 8.14% |
| Meta Platforms, Inc. | META | 7.55% |
| Apple Inc. | AAPL | 5.31% |
| AppLovin Corporation | APP | 5.06% |
| Tesla, Inc. | TSLA | 2.99% |
| Broadcom Inc. | AVGO | 2.80% |
| Netflix, Inc. | NFLX | 2.62% |
| Taiwan Semiconductor Manufacturing Company Limited | TSM | 2.61% |
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 | $1.1207 | 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 |