Alger Capital Appreciation Fund Class C (ALCCX)
Fund Assets | 2.06B |
Expense Ratio | 1.97% |
Min. Investment | $1,000 |
Turnover | 60.48% |
Dividend (ttm) | 4.35 |
Dividend Yield | 23.43% |
Dividend Growth | 139.19% |
Payout Frequency | Annual |
Ex-Dividend Date | Dec 12, 2024 |
Previous Close | 18.55 |
YTD Return | 11.88% |
1-Year Return | 28.71% |
5-Year Return | 102.96% |
52-Week Low | 13.02 |
52-Week High | 21.89 |
Beta (5Y) | n/a |
Holdings | 75 |
Inception Date | Aug 1, 1997 |
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.
Performance
ALCCX had a total return of 28.71% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.32%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
Symbol | Provider | Name | Expense Ratio |
---|---|---|---|
FLGEX | Fidelity | Fidelity Large Cap Growth Enhanced Index Fund | 0.39% |
FBCGX | Fidelity | Fidelity Blue Chip Growth K6 Fund | 0.46% |
FHOFX | Fidelity | Fidelity Series Large Cap Growth Index Fund | n/a |
FBGRX | Fidelity | Fidelity Blue Chip Growth Fund | 0.69% |
FBGKX | Fidelity | Fidelity Blue Chip Growth Fund - Class K | 0.59% |
Top 10 Holdings
62.52% of assetsName | Symbol | Weight |
---|---|---|
Microsoft Corporation | MSFT | 13.25% |
NVIDIA Corporation | NVDA | 11.48% |
Amazon.com, Inc. | AMZN | 8.56% |
Meta Platforms, Inc. | META | 7.31% |
Apple Inc. | AAPL | 6.43% |
AppLovin Corporation | APP | 4.13% |
Broadcom Inc. | AVGO | 3.10% |
Netflix, Inc. | NFLX | 2.92% |
Visa Inc. | V | 2.68% |
Tesla, Inc. | TSLA | 2.67% |
Dividend History
Ex-Dividend | Amount | Pay Date |
---|---|---|
Dec 12, 2024 | $4.3459 | Dec 12, 2024 |
Dec 14, 2023 | $1.8169 | Dec 14, 2023 |
Dec 15, 2022 | $0.8384 | Dec 15, 2022 |
Dec 18, 2019 | $2.2013 | Dec 18, 2019 |
Dec 18, 2018 | $2.5393 | Dec 18, 2018 |
Dec 18, 2013 | $1.5345 | Dec 18, 2013 |