Alger Small Cap Growth Y (ASCYX)
| Fund Assets | 210.38M |
| Expense Ratio | 0.85% |
| 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 | 14.11 |
| YTD Return | 16.96% |
| 1-Year Return | 31.70% |
| 5-Year Return | n/a |
| 52-Week Low | 10.52 |
| 52-Week High | 14.76 |
| Beta (5Y) | n/a |
| Holdings | 110 |
| 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 31.70% in the past year, including dividends. Since the fund's inception, the average annual return has been -11.95%.
Top 10 Holdings
26.93% of assets| Name | Symbol | Weight |
|---|---|---|
| RBC Bearings Incorporated | RBC | 4.43% |
| Tutor Perini Corporation | TPC | 3.47% |
| Nebius Group N.V. | NBIS | 2.93% |
| Fabrinet | FN | 2.71% |
| Bloom Energy Corporation | BE | 2.46% |
| Natera, Inc. | NTRA | 2.33% |
| CSW Industrials, Inc. | CSW | 2.28% |
| Forte Biosciences, Inc. | FBRX | 2.20% |
| FTAI Aviation Ltd. | FTAI | 2.07% |
| Nuvalent, Inc. | NUVL | 2.06% |