Alger Small Cap Growth Fund Class Y (ASCYX)
| Fund Assets | 197.53M |
| Expense Ratio | 0.86% |
| Min. Investment | $500,000 |
| Turnover | 49.68% |
| Dividend (ttm) | 0.05 |
| Dividend Yield | 0.41% |
| Dividend Growth | n/a |
| Payout Frequency | n/a |
| Ex-Dividend Date | n/a |
| Previous Close | 10.84 |
| YTD Return | -3.16% |
| 1-Year Return | 2.68% |
| 5-Year Return | n/a |
| 52-Week Low | 7.96 |
| 52-Week High | 12.11 |
| Beta (5Y) | n/a |
| Holdings | 103 |
| 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 2.68% in the past year, including dividends. Since the fund's inception, the average annual return has been -20.92%.
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
26.45% of assets| Name | Symbol | Weight |
|---|---|---|
| Q2 Holdings, Inc. | QTWO | 3.45% |
| Gates Industrial Corporation plc | GTES | 3.34% |
| RBC Bearings Incorporated | RBC | 2.87% |
| Shake Shack Inc. | SHAK | 2.71% |
| CSW Industrials Inc | CSWI | 2.63% |
| Vertex, Inc. | VERX | 2.57% |
| Guardant Health, Inc. | GH | 2.53% |
| Bio-Techne Corporation | TECH | 2.17% |
| Planet Fitness, Inc. | PLNT | 2.10% |
| Guidewire Software, Inc. | GWRE | 2.07% |