Alger Concentrated Equity C (CNECX)
| Fund Assets | 7.45M |
| Expense Ratio | 1.66% |
| Min. Investment | $1,000 |
| Turnover | 67.58% |
| Dividend (ttm) | 1.49 |
| Dividend Yield | 10.00% |
| Dividend Growth | n/a |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 17, 2025 |
| Previous Close | 14.95 |
| YTD Return | -4.04% |
| 1-Year Return | 17.13% |
| 5-Year Return | n/a |
| 52-Week Low | 9.22 |
| 52-Week High | 16.59 |
| Beta (5Y) | n/a |
| Holdings | 31 |
| Inception Date | n/a |
About CNECX
Alger Concentrated Equity Fund Class C is a mutual fund that focuses on investing at least 80% of its net assets in equity securities of large-cap companies with strong growth potential. The fund maintains a concentrated portfolio with typically no more than 30 holdings, emphasizing high-conviction investments in a smaller number of issuers. It targets sectors driven by innovation and technological advancement, with major holdings often including leading companies in the tech and consumer sectors. The fund aims for long-term capital appreciation by selecting companies it believes have promising growth trajectories. It employs a unique approach to portfolio transparency, providing a verified intraday indicative value rather than daily disclosure of holdings, which distinguishes it from traditional ETFs. This fund plays a role in offering investors concentrated exposure to growth-oriented large-cap equities while balancing the risks associated with a focused portfolio strategy.
Performance
CNECX had a total return of 17.13% in the past year, including dividends. Since the fund's inception, the average annual return has been 36.08%.
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 |