About ALCCX
Alger Capital Appreciation Fund Class C is a mutual fund focused on achieving long-term capital appreciation by investing primarily in growth-oriented equity securities. The fund targets companies of any market capitalization that exhibit innovative business models, accelerating demand, and increasing market share. It employs a fundamental research approach to identify promising growth stocks, often allocating significant weight to leaders in the technology, consumer cyclical, and communication services sectors. Notable holdings include major firms such as Microsoft, NVIDIA, Amazon.com, Meta Platforms, Apple, and Alphabet, reflecting its emphasis on large, influential growth companies. The fund typically invests at least 85% of its net assets in equities and maintains a high concentration in its top holdings, illustrating a conviction-driven investment style. With a relatively high portfolio turnover, the fund is actively managed to capitalize on evolving market opportunities, making it a prominent participant in the large growth mutual fund category.
Fund Family Alger
Category Large-Cap Growth
Performance Rating Above Average
Risk Rating Above Average
Stock Exchange Nasdaq
Ticker Symbol ALCCX
Share Class Class C
Index Russell 1000 Growth TR
ALCCX had a total return of 8.60% in the past year, including dividends. Since the fund's
inception, the average annual return has been 9.81%.
