About ALARX
Alger Capital Appreciation Institutional Fund Class I is a large-growth mutual fund designed to seek long-term capital appreciation through investments in equity securities. The fund primarily allocates at least 85% of its assets, along with any investment-related borrowings, to the stocks of companies across all market capitalizations that exhibit strong growth potential. Its portfolio is actively managed and diversified across sectors, with a notable emphasis on technology, consumer cyclical, and communication services industries. Major holdings often include prominent growth-oriented firms such as Microsoft, NVIDIA, Amazon, and Meta Platforms, reflecting its focus on leaders driving innovation and expansion within their fields. Founded in 1993, the fund serves institutional investors and has built a reputation for bold, research-driven stock selection, aiming to capitalize on long-term trends in dynamic sectors. With a substantial asset base and a higher-than-average portfolio turnover, it plays a significant role in the large-growth category, appealing to institutions seeking exposure to high-growth equities within the broader U.S. equity market.
Fund Family Alger
Category Large Growth
Performance Rating Above Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol ALARX
Share Class Class I
Index Russell 1000 Growth TR
ALARX had a total return of 23.81% in the past year, including dividends. Since the fund's
inception, the average annual return has been 12.01%.
