Alger Weatherbie Specialized Growth C (ALMCX)
| Fund Assets | 351.66M |
| Expense Ratio | 2.03% |
| Min. Investment | $1,000 |
| Turnover | 46.68% |
| Dividend (ttm) | n/a |
| Dividend Yield | n/a |
| Dividend Growth | n/a |
| Payout Frequency | n/a |
| Ex-Dividend Date | n/a |
| Previous Close | 7.30 |
| YTD Return | -1.21% |
| 1-Year Return | 4.42% |
| 5-Year Return | -9.41% |
| 52-Week Low | 5.58 |
| 52-Week High | 7.95 |
| Beta (5Y) | n/a |
| Holdings | 51 |
| Inception Date | May 8, 2002 |
About ALMCX
Alger Weatherbie Specialized Growth Fund Class C is a mutual fund designed to achieve long-term capital appreciation by investing primarily in small and mid-sized U.S. companies with high growth potential. The fund targets businesses with market capitalizations generally between $500 million and $10 billion, focusing on those identified through rigorous fundamental research as innovators or leaders in their respective industries. Its diversified portfolio often holds around 50 individual stocks, with a significant allocation to the technology, healthcare, financial services, and industrials sectors. The fund is actively managed, aiming to capitalize on the growth trajectory of emerging and established companies that show robust fundamentals and attractive growth profiles. With a higher-than-average expense ratio, this share class is structured as a level-load product, typically appealing to investors seeking exposure to the small growth category with professional management. The fund's holdings are concentrated, with nearly half of assets often allocated to its top ten positions, reflecting a high-conviction investment approach. Overall, the Alger Weatherbie Specialized Growth Fund Class C plays a notable role in offering investors access to dynamic, high-growth segments of the U.S. equity market.
Performance
ALMCX had a total return of 4.42% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.73%.
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
43.38% of assets| Name | Symbol | Weight |
|---|---|---|
| FirstService Corporation | FSV | 5.58% |
| Natera, Inc. | NTRA | 5.39% |
| Casella Waste Systems, Inc. | CWST | 5.24% |
| SPS Commerce, Inc. | SPSC | 4.69% |
| ACADIA Pharmaceuticals Inc. | ACAD | 4.57% |
| Cash | n/a | 4.22% |
| SiteOne Landscape Supply, Inc. | SITE | 3.54% |
| Ollie's Bargain Outlet Holdings, Inc. | OLLI | 3.49% |
| StepStone Group Inc. | STEP | 3.35% |
| VSE Corporation | VSEC | 3.31% |