Alger Growth Opportunities Fund Class A (AOFAX)

11.28
Net Asset Value
-0.62%
1 Day
+5.52%
Year-to-Date
Overall Morningstar Rating
Small growth
Style or Category
5.25
Sales Expenses
2.22%
Expense Ratio
Below Average
Morningstar Risk Rating™
Investment Objective The investment seeks long-term capital appreciation. The fund invests primarily in the stock of small, fast-growing companies that Fred Alger Management, Inc. believes offer innovative products, services or technologies to a rapidly-expanding marketplace. Although it may invest without limit in companies of any size, the fund focuses on companies that, at the time of purchase of the securities, have a total market capitalization not exceeding the highest market capitalization of companies included in the Russell 2500 Growth Index, as reported by the index as of the most recent quarter-end.

Performance

1 month-2.59% 3 years+16.80%
3 months-0.27% 5 years+14.76%
1 year+13.62% Since inception+8.40%
Data through --

Peer Comparisonvs. Small growth

 AOFAXCategory
Performance 5-yr return+14.76%+15.12%
Expense ratio2.22%1.38%
Risk 5 year sharpe ratio0.780.82
Net assets$23.9M$812.0M
Average market cap$2.1B$2.9B
Average P/E35.328.3
Portfolio turnover92%92%

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Fund Management and Purchase Info

Fund familyAlger
Fund manager & tenureAmy Zhang / 0 Years
Minimal initial investment$1,000.00
Minimum IRA investment$500.00

Holdings

U.S. stock94.93%
Cash4.27%
International stock0.40%
Fixed income0.40%
Other0.00%
Top 5 Sectors
Portfolio weighting
Industrial materials 16.26%
Healthcare 15.89%
Consumer service 10.44%
Business service 10.05%
Hardware 8.22%
Top 10 Holdings
Portfolio weighting
MDSO Medidata Solutions Inc3.97%
TECH Bio-Techne Corp3.43%
CGNX Cognex Corp3.41%
FEIC FEI Co3.32%
QDEL Quidel Corp3.29%
ABAX Abaxis Inc3.29%
PRLB Proto Labs Inc3.21%
PRO PROS Holdings Inc3.20%
TYL Tyler Technologies Inc3.11%
EGOV NIC Inc3.10%

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