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.
Fund Family Alger
Category Large-Cap Growth
Performance Rating Average
Risk Rating High
Stock Exchange Nasdaq
Ticker Symbol ASPCX
Share Class Class C
Index Russell 3000 Growth TR
ASPCX had a total return of 5.24% in the past year, including dividends. Since the fund's
inception, the average annual return has been 13.67%.
