Alger Weatherbie Specialized Growth Fund Class I (ASIMX)
| Fund Assets | 360.34M |
| Expense Ratio | 1.28% |
| Min. Investment | $500,000 |
| 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 | 13.60 |
| YTD Return | -4.25% |
| 1-Year Return | 5.28% |
| 5-Year Return | 2.81% |
| 52-Week Low | 10.83 |
| 52-Week High | 15.39 |
| Beta (5Y) | 1.16 |
| Holdings | 52 |
| Inception Date | Aug 6, 2007 |
About ASIMX
Alger Weatherbie Specialized Growth Fund Class I is an actively managed mutual fund focused on achieving long-term capital appreciation by investing primarily in equities of small-cap and mid-cap companies with strong growth potential. The fund typically allocates at least 80% of its net assets to these types of firms, targeting businesses with market capitalizations between $500 million and $10 billion. The strategy emphasizes sectors and industries poised for rapid earnings and sales growth, commonly concentrating in areas such as financial services, healthcare, technology, real estate, and consumer defensive industries. The portfolio tends to be relatively concentrated, often holding about 50 positions, with the top 10 holdings representing a significant portion of total assets. Its performance benchmark is generally aligned with small growth indices, and it is categorized within the small-growth segment by major fund analysts. With a history dating back to 2007, the fund plays a role in providing exposure to dynamic, fast-growing segments of the U.S. equity market, appealing to institutional investors seeking diversified participation in innovative and expanding companies.
Performance
ASIMX had a total return of 5.28% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.85%.
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
44.40% of assets| Name | Symbol | Weight |
|---|---|---|
| FirstService Corporation | FSV | 6.13% |
| Casella Waste Systems, Inc. | CWST | 5.78% |
| Natera, Inc. | NTRA | 5.68% |
| SPS Commerce, Inc. | SPSC | 5.23% |
| StepStone Group Inc. | STEP | 3.99% |
| Hamilton Lane Incorporated | HLNE | 3.90% |
| Ollie's Bargain Outlet Holdings, Inc. | OLLI | 3.60% |
| SiteOne Landscape Supply, Inc. | SITE | 3.43% |
| ACADIA Pharmaceuticals Inc. | ACAD | 3.35% |
| VSE Corporation | VSEC | 3.32% |