Alger Weatherbie Specialized Growth Fund Class A (ALMAX)
| Fund Assets | 288.56M |
| Expense Ratio | 1.26% |
| Min. Investment | $1,000 |
| Turnover | 68.65% |
| Dividend (ttm) | n/a |
| Dividend Yield | n/a |
| Dividend Growth | n/a |
| Payout Frequency | n/a |
| Ex-Dividend Date | n/a |
| Previous Close | 12.44 |
| YTD Return | -10.33% |
| 1-Year Return | 5.84% |
| 5-Year Return | -30.98% |
| 52-Week Low | 10.46 |
| 52-Week High | 14.97 |
| Beta (5Y) | n/a |
| Holdings | 51 |
| Inception Date | May 8, 2002 |
About ALMAX
The Alger Weatherbie Specialized Growth Fund Class A is a mutual fund focused on achieving long-term capital appreciation by investing primarily in small- and mid-cap U.S. companies. The fund typically maintains a concentrated portfolio of approximately 50 holdings, targeting companies with market capitalizations generally between $500 million and $10 billion. Its strategy emphasizes identifying high-growth businesses through in-depth fundamental research, often favoring firms in dynamic, emerging industries that are in early stages of development. This approach results in a portfolio that is top-heavy, with a significant percentage of assets concentrated in its leading positions, which may include sectors such as technology, healthcare, industrials, and financial services. The fund's investment process reflects an active management style aimed at capturing growth opportunities within the small-growth segment of the market. With an inception date in 2002, the fund has a long-standing presence and is managed with the intent to capitalize on the innovation and expansion potential of smaller public companies.
Performance
ALMAX had a total return of 5.84% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.07%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| VEXPX | Vanguard | Vanguard Explorer Fund Investor Class | 0.44% |
Top 10 Holdings
39.20% of assets| Name | Symbol | Weight |
|---|---|---|
| FirstService Corporation | FSV | 5.07% |
| Artivion, Inc. | AORT | 4.48% |
| Natera, Inc. | NTRA | 4.35% |
| StepStone Group Inc. | STEP | 4.31% |
| AAR Corp. | AIR | 4.21% |
| Semtech Corporation | SMTC | 3.63% |
| ACADIA Pharmaceuticals Inc. | ACAD | 3.53% |
| Casella Waste Systems, Inc. | CWST | 3.26% |
| Planet Fitness, Inc. | PLNT | 3.22% |
| Progyny, Inc. | PGNY | 3.14% |