Alger Spectra Fund Class I (ASPIX)
| Fund Assets | 3.65B |
| Expense Ratio | 1.50% |
| Min. Investment | $500,000 |
| Turnover | 49.26% |
| Dividend (ttm) | 1.85 |
| Dividend Yield | 5.67% |
| Dividend Growth | n/a |
| Payout Frequency | n/a |
| Ex-Dividend Date | Dec 12, 2024 |
| Previous Close | 32.17 |
| YTD Return | 12.27% |
| 1-Year Return | 27.40% |
| 5-Year Return | 86.35% |
| 52-Week Low | 22.72 |
| 52-Week High | 32.77 |
| Beta (5Y) | n/a |
| Holdings | 120 |
| Inception Date | Sep 24, 2008 |
About ASPIX
Alger Spectra Fund Class I is a mutual fund focused on long-term capital appreciation through investments in equity securities of U.S. companies that demonstrate strong growth potential. Employing a large-growth investment style, this fund is managed by seasoned professionals who leverage fundamental research to identify firms experiencing dynamic positive changes within their business models or industries. Its diversified portfolio spans companies of any size, but it maintains a significant emphasis on large-cap businesses positioned to outpace the broader market in terms of earnings and revenue growth. The fund's holdings are notably concentrated in major technology, communication services, consumer cyclical, and healthcare firms, with leaders like Microsoft, NVIDIA, Amazon.com, Meta Platforms, and Apple comprising a substantial portion of its assets. Reflecting its active management approach, the fund exhibits a higher portfolio turnover rate and allocates a significant portion of its assets to its top holdings. As part of the large growth category, Alger Spectra Fund Class I plays a prominent role for institutional and individual investors seeking exposure to innovative and expanding sectors of the U.S. equity market. Its structure and strategy underscore its objective of capturing growth opportunities across diverse industries while managing the unique risks associated with this focus.
Performance
ASPIX had a total return of 27.40% in the past year, including dividends. Since the fund's inception, the average annual return has been 14.46%.
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 |