Alger Concentrated Equity A (CNEAX)
| Fund Assets | 7.45M |
| Expense Ratio | 0.91% |
| Min. Investment | $1,000 |
| Turnover | 67.58% |
| Dividend (ttm) | 1.49 |
| Dividend Yield | 9.33% |
| Dividend Growth | n/a |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 17, 2025 |
| Previous Close | 15.18 |
| YTD Return | -3.71% |
| 1-Year Return | 17.73% |
| 5-Year Return | n/a |
| 52-Week Low | 9.86 |
| 52-Week High | 17.83 |
| Beta (5Y) | n/a |
| Holdings | 31 |
| Inception Date | n/a |
About CNEAX
The Alger Concentrated Equity Fund Class A is an actively managed mutual fund focused on achieving long-term capital appreciation through a concentrated portfolio of U.S. large-cap growth stocks. This fund typically invests in a select number of high-conviction holdings, with over 60% of its assets allocated to its top ten positions. The portfolio heavily features leading companies in technology, communication services, and consumer cyclical sectors, including prominent names such as NVIDIA, Amazon, Microsoft, and Meta Platforms. By maintaining a concentrated approach, the fund seeks to capitalize on the strong growth potential of innovative market leaders. With a minimum initial investment requirement and a front-load share class structure, Alger Concentrated Equity Fund Class A attracts investors aiming for targeted exposure to large-cap growth equities. The fund’s performance is measured against benchmarks like the Russell 1000 Growth Index, reflecting its goal of outperforming broader market averages within the growth segment. Its expense ratio is competitive for its category, and it is overseen by an experienced management team at Alger.
Performance
CNEAX had a total return of 17.73% in the past year, including dividends. Since the fund's inception, the average annual return has been 36.51%.
Top 10 Holdings
67.20% of assets| Name | Symbol | Weight |
|---|---|---|
| NVIDIA Corporation | NVDA | 15.56% |
| Microsoft Corporation | MSFT | 10.92% |
| Amazon.com, Inc. | AMZN | 7.39% |
| Broadcom Inc. | AVGO | 5.45% |
| Nebius Group N.V. | NBIS | 5.02% |
| Apple Inc. | AAPL | 4.93% |
| Taiwan Semiconductor Manufacturing Company Limited | TSM | 4.82% |
| Meta Platforms, Inc. | META | 4.71% |
| Alphabet Inc. | GOOG | 4.35% |
| AppLovin Corporation | APP | 4.04% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 17, 2025 | $1.4947 | Dec 17, 2025 |
| Dec 12, 2024 | $0.0455 | Dec 12, 2024 |