Alger Concentrated Equity Y (CNEYX)
| Fund Assets | 7.45M |
| Expense Ratio | 0.67% |
| Min. Investment | $1,000 |
| Turnover | 67.58% |
| Dividend (ttm) | 1.49 |
| Dividend Yield | 9.79% |
| Dividend Growth | n/a |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 17, 2025 |
| Previous Close | 15.26 |
| YTD Return | -3.96% |
| 1-Year Return | 22.43% |
| 5-Year Return | n/a |
| 52-Week Low | 9.33 |
| 52-Week High | 16.88 |
| Beta (5Y) | n/a |
| Holdings | 31 |
| Inception Date | n/a |
About CNEYX
Alger Concentrated Equity Fund Class Y is a mutual fund focused on long-term capital appreciation by investing primarily in a concentrated portfolio of U.S. large-cap growth equities. The fund typically holds a relatively small number of stocks, generally no more than 30 positions, which allows it to focus its capital on high-conviction investments in companies with strong growth prospects. This concentrated approach distinguishes it from more broadly diversified equity funds. The fund targets sectors with significant innovation and market leadership, with notable allocations toward technology and consumer discretionary companies. Its holdings often include leading names in industries such as software, semiconductors, and internet commerce. Managed actively, the fund seeks to capitalize on trends shaping the U.S. economy while accepting the higher volatility and unique risks associated with a concentrated portfolio. By focusing on a select group of growth-oriented companies, Alger Concentrated Equity Fund Class Y serves investors seeking exposure to potential market leaders and innovators within the large-cap segment of the equity market.
Performance
CNEYX had a total return of 22.43% in the past year, including dividends. Since the fund's inception, the average annual return has been 37.59%.
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 |