Alger Spectra Fund Class C (ASPCX)
| Fund Assets | 3.65B |
| Expense Ratio | 2.25% |
| Min. Investment | $1,000 |
| Turnover | 49.26% |
| Dividend (ttm) | 1.85 |
| Dividend Yield | 7.43% |
| Dividend Growth | n/a |
| Payout Frequency | n/a |
| Ex-Dividend Date | Dec 12, 2024 |
| Previous Close | 24.56 |
| YTD Return | 11.83% |
| 1-Year Return | 26.45% |
| 5-Year Return | 74.80% |
| 52-Week Low | 17.37 |
| 52-Week High | 25.24 |
| Beta (5Y) | n/a |
| Holdings | 120 |
| Inception Date | Jul 28, 1969 |
About ASPCX
Alger Spectra Fund Class C is an open-end mutual fund that focuses on long-term capital appreciation through investments in equity securities of companies of any size with strong growth prospects. Actively managed by Fred Alger Management, LLC, the fund employs a flexible mandate, enabling allocations across small, mid, and large-cap stocks, and often concentrates holdings in sectors such as information technology, consumer discretionary, and healthcare to capitalize on dynamic growth trends. The fund typically maintains a diversified portfolio, holding over 130 securities, with a significant portion of assets in the top ten holdings, reflecting a conviction-driven approach. Alger Spectra Fund Class C benchmarks itself against the Russell 3000 Growth Index and the S&P 500 Index, underscoring its orientation toward leading U.S. growth equities. With a history dating back to 1968, the fund has established a notable presence in the large growth category, targeting companies undergoing positive dynamic change. Its strategy appeals to investors seeking exposure to innovative and expanding businesses within the equity markets.
Performance
ASPCX had a total return of 26.45% in the past year, including dividends. Since the fund's inception, the average annual return has been 13.38%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| EPGAX | Fidelity | Fidelity Advisor Equity Growth Fund - Class A | 0.92% |
| EQPGX | Fidelity | Fidelity Advisor Equity Growth Fund - Class I | 0.67% |
| EPGCX | Fidelity | Fidelity Advisor Equity Growth Fund - Class C | 1.67% |
| FMFMX | Fidelity | Fidelity Advisor Series Equity Growth Fund | 0.01% |
| FAEGX | Fidelity | Fidelity Advisor Equity Growth Fund - Class M | 1.17% |
Top 10 Holdings
63.70% of assets| Name | Symbol | Weight |
|---|---|---|
| Microsoft Corporation | MSFT | 13.67% |
| NVIDIA Corporation | NVDA | 11.97% |
| Amazon.com, Inc. | AMZN | 8.77% |
| Meta Platforms, Inc. | META | 7.57% |
| Apple Inc. | AAPL | 6.77% |
| AppLovin Corporation | APP | 4.14% |
| GFL Environmental Inc. | GFL | 3.18% |
| Tesla, Inc. | TSLA | 2.75% |
| Netflix, Inc. | NFLX | 2.60% |
| Broadcom Inc. | AVGO | 2.28% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 12, 2024 | $1.8466 | Dec 12, 2024 |
| Dec 15, 2022 | $0.3918 | Dec 15, 2022 |
| Dec 15, 2021 | $8.4343 | Dec 15, 2021 |
| Dec 18, 2019 | $1.6165 | Dec 18, 2019 |
| Dec 18, 2018 | $2.2019 | Dec 18, 2018 |
| Dec 15, 2017 | $1.2623 | Dec 15, 2017 |