Alger Concentrated Equity Z (CNEZX)
| Fund Assets | 7.45M |
| Expense Ratio | 0.55% |
| 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 | -3.65% |
| 1-Year Return | 18.66% |
| 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 CNEZX
Alger Concentrated Equity Fund Class Z is an actively managed mutual fund focused on U.S. large-cap growth equities. Its primary objective is long-term capital appreciation, achieved by investing at least 80% of net assets in equity securities of large-cap companies, which typically have market capitalizations ranging from $1.67 billion to $2.79 trillion. A notable feature of the fund is its concentrated portfolio strategy, generally holding no more than 30 securities at a time. This approach allows for high conviction in selected holdings and enables the fund to focus on companies with significant growth potential. The fund’s selective nature distinguishes it within the large growth category, emphasizing rigorous research and targeted investment. Alger Concentrated Equity Fund Class Z plays a significant role for investors seeking focused exposure to leading U.S. growth companies, and it is structured to capture performance in sectors poised for innovation and expansion.
Performance
CNEZX had a total return of 18.66% in the past year, including dividends. Since the fund's inception, the average annual return has been 37.57%.
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 |