Alger Small Cap Growth Fund Class Z (ASCZX)
| Fund Assets | 197.53M |
| Expense Ratio | 1.00% |
| Min. Investment | $500,000 |
| Turnover | 49.68% |
| Dividend (ttm) | 0.03 |
| Dividend Yield | 0.29% |
| Dividend Growth | n/a |
| Payout Frequency | n/a |
| Ex-Dividend Date | n/a |
| Previous Close | 10.89 |
| YTD Return | -1.63% |
| 1-Year Return | 4.71% |
| 5-Year Return | 26.82% |
| 52-Week Low | 7.94 |
| 52-Week High | 12.08 |
| Beta (5Y) | n/a |
| Holdings | 103 |
| Inception Date | Dec 29, 2010 |
About ASCZX
Alger Small Cap Growth Fund Class Z is an actively managed mutual fund that seeks long-term capital appreciation by investing primarily in the equity securities of U.S. small-cap companies. The fund targets firms with market capitalizations aligned with the Russell 2000 Growth Index at the time of investment, focusing on those exhibiting significant growth potential as identified through proprietary fundamental research. The portfolio is typically diversified across sectors, with recent holdings concentrated in technology, industrials, consumer cyclical, and healthcare companies. Notable investments include firms like Manhattan Associates, Heico Corp, and Wingstop Inc. The fund maintains at least 80% of its assets in small-cap growth equities and follows a disciplined approach, aiming to uncover innovative and rapidly expanding businesses. As an institutional share class, it offers a competitive expense ratio and is designed for investors seeking exposure to dynamic segments of the U.S. equities market, contributing to portfolio diversification and long-term capital growth objectives within the asset allocation framework.
Performance
ASCZX had a total return of 4.71% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.23%.
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% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 14, 2023 | $0.0336 | Dec 14, 2023 |
| Dec 16, 2020 | $0.0715 | Dec 16, 2020 |
| Dec 18, 2019 | $0.5402 | Dec 18, 2019 |
| Dec 18, 2018 | $0.9445 | Dec 18, 2018 |
| Dec 15, 2017 | $0.1008 | Dec 15, 2017 |
| Dec 18, 2013 | $1.1348 | Dec 18, 2013 |