Alger Concentrated Equity I (CNEIX)
| Fund Assets | 7.45M |
| Expense Ratio | 0.91% |
| Min. Investment | $1,000 |
| Turnover | 67.58% |
| Dividend (ttm) | 1.49 |
| Dividend Yield | 9.85% |
| Dividend Growth | n/a |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 17, 2025 |
| Previous Close | 15.18 |
| YTD Return | -3.67% |
| 1-Year Return | 18.34% |
| 5-Year Return | n/a |
| 52-Week Low | 9.30 |
| 52-Week High | 16.81 |
| Beta (5Y) | n/a |
| Holdings | 31 |
| Inception Date | n/a |
About CNEIX
Alger Concentrated Equity Fund Class I is an actively managed mutual fund focused on achieving long-term capital appreciation through investments in U.S. large-cap growth equities. Managed by Fred Alger Management, the fund primarily targets companies within the technology, biotechnology, and information technology sectors, leveraging fundamental analysis to select stocks that demonstrate strong growth potential. The portfolio is notably concentrated, holding around 31 positions with over 60% of assets in its top ten holdings, reflecting a high-conviction investment approach. As a non-diversified fund, it invests at least 80% of its assets in equity securities, emphasizing large-cap companies believed to offer significant value and growth prospects. The fund’s strategy aims to capitalize on innovative and rapidly evolving industries, thereby playing a significant role for investors seeking focused exposure to leading U.S. growth companies within their portfolios.
Performance
CNEIX had a total return of 18.34% in the past year, including dividends. Since the fund's inception, the average annual return has been 37.26%.
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 |