Alger Small Cap Growth Fund Class Y (ASCYX)
| Fund Assets | 193.26M |
| Expense Ratio | 0.86% |
| Min. Investment | $500,000 |
| Turnover | 37.93% |
| Dividend (ttm) | n/a |
| Dividend Yield | n/a |
| Dividend Growth | n/a |
| Payout Frequency | n/a |
| Ex-Dividend Date | n/a |
| Previous Close | 11.73 |
| YTD Return | -0.42% |
| 1-Year Return | 8.66% |
| 5-Year Return | n/a |
| 52-Week Low | 7.96 |
| 52-Week High | 13.02 |
| Beta (5Y) | n/a |
| Holdings | 108 |
| Inception Date | Dec 31, 2021 |
About ASCYX
Alger Small Cap Growth Fund Class Y is a diversified mutual fund focused on long-term capital appreciation by investing primarily in growth equity securities of U.S. small-cap companies. The fund targets firms identified through fundamental research as having promising growth potential, typically those with market capitalizations under $1 billion. It is actively managed, assembling a portfolio that spans sectors such as technology, healthcare, consumer discretionary, and industrials, with over 100 holdings. The fund employs a strategy designed to uncover innovative or rapidly expanding businesses that may be overlooked in larger-cap indexes. While income generation is considered in investment selection, the primary emphasis is on capital growth rather than dividend yield. With a relatively low expense ratio compared to peers and a high minimum investment requirement, the fund caters to institutional and high-net-worth investors. Alger Small Cap Growth Fund Class Y plays a specialized role in the market by providing targeted exposure to the dynamic and potentially high-growth segment of U.S. small-cap equities, aiming to capitalize on early-stage opportunities within the broader equity landscape.
Performance
ASCYX had a total return of 8.66% in the past year, including dividends. Since the fund's inception, the average annual return has been -2.75%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| VRTGX | Vanguard | Vanguard Russell 2000 Growth Index Fund Institutional Shares | 0.08% |
Top 10 Holdings
23.65% of assets| Name | Symbol | Weight |
|---|---|---|
| RBC Bearings Incorporated | RBC | 2.97% |
| Nebius Group N.V. | NBIS | 2.60% |
| Insmed Incorporated | INSM | 2.54% |
| Tutor Perini Corporation | TPC | 2.43% |
| InterDigital, Inc. | IDCC | 2.35% |
| Bombardier Inc | BBDB | 2.28% |
| Nuvalent, Inc. | NUVL | 2.19% |
| Gates Industrial Corporation plc | GTES | 2.11% |
| Natera, Inc. | NTRA | 2.11% |
| Fabrinet | FN | 2.07% |