Alger Spectra Y (ASPYX)
| Fund Assets | 4.12B |
| Expense Ratio | 1.13% |
| Min. Investment | $500,000 |
| Turnover | 49.26% |
| Dividend (ttm) | 1.85 |
| Dividend Yield | 4.73% |
| Dividend Growth | n/a |
| Payout Frequency | n/a |
| Ex-Dividend Date | Dec 12, 2024 |
| Previous Close | 39.52 |
| YTD Return | 26.89% |
| 1-Year Return | 53.87% |
| 5-Year Return | 102.78% |
| 52-Week Low | 24.14 |
| 52-Week High | 39.52 |
| Beta (5Y) | n/a |
| Holdings | 124 |
| Inception Date | Dec 4, 2018 |
About ASPYX
Alger Spectra Fund Class Y is an actively managed mutual fund designed to seek long-term capital appreciation by investing primarily in equity securities of U.S. companies across all market capitalizations. The fund targets businesses identified through fundamental research as having strong growth potential, with a particular focus on firms undergoing positive dynamic change. As a large growth fund, it allocates a significant portion of its assets to industry leaders in technology, consumer cyclical, communication services, and healthcare sectors. Notable holdings include major companies such as Microsoft, NVIDIA, Amazon, Meta Platforms, and Apple, which collectively represent a substantial share of the portfolio. The fund typically holds over 100 securities, with a concentrated top-ten allocation, and emphasizes flexibility in company size selection to capture diverse growth opportunities. Alger Spectra Fund Class Y caters to institutional investors, offering exposure to innovative and rapidly expanding segments of the U.S. equity market, and plays a significant role in portfolios seeking broad growth exposure through active management and sector diversification.
Performance
ASPYX had a total return of 53.87% in the past year, including dividends. Since the fund's inception, the average annual return has been 18.23%.
Top 10 Holdings
64.33% of assets| Name | Symbol | Weight |
|---|---|---|
| NVIDIA Corporation | NVDA | 13.93% |
| Microsoft Corporation | MSFT | 13.91% |
| Amazon.com, Inc. | AMZN | 8.44% |
| Meta Platforms, Inc. | META | 8.22% |
| Apple Inc. | AAPL | 5.28% |
| AppLovin Corporation | APP | 4.21% |
| Tesla, Inc. | TSLA | 2.79% |
| GFL Environmental Inc. | GFL | 2.60% |
| Netflix, Inc. | NFLX | 2.49% |
| Broadcom Inc. | AVGO | 2.46% |
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 |