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Alger Growth Opportunities Fund Class A (AOFAX)

11.72
Net Asset Value
-0.76%
1 Day
+9.64%
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+2.00% 3 years+17.40%
3 months+4.92% 5 years+15.21%
1 year+17.83% Since inception+8.61%
Data through --

Peer Comparisonvs. Small growth

 AOFAXCategory
Performance 5-yr return+15.21%+17.65%
Expense ratio2.22%1.37%
Risk 5 year sharpe ratio1.001.05
Net assets$34.9M$835.3M
Average market cap$1.9B$2.9B
Average P/E37.828.2
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. stock91.82%
Cash5.84%
International stock2.08%
Fixed income0.27%
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 Inc3.46%
ABAX Abaxis Inc3.24%
ACIW ACI Worldwide Inc3.15%
PRLB Proto Labs Inc3.10%
DTSI DTS Inc3.08%
DWRE Demandware Inc3.05%
TECH Bio-Techne Corp2.99%
NEOG Neogen Corp2.98%
BCPC Balchem Corp2.88%
CMN Cantel Medical Corp2.88%