Alger Growth Opportunities Fund Class I (AOFIX)

11.34
Net Asset Value
+0.09%
1 Day
-2.91%
Year-to-Date
Overall Morningstar Rating
Small growth
Style or Category
No Load
Sales Expenses
2.43%
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. It can also invest in derivative instruments.

Performance

1 month-2.99% 3 years+18.93%
3 months-2.91% 5 years+14.06%
1 year+2.41% Since inception+8.49%
Data through --

Peer Comparisonvs. Small growth

 AOFIXCategory
Performance 5-yr return+14.06%+19.88%
Expense ratio2.43%1.41%
Risk 5 year sharpe ratio0.970.98
Net assets$15.9M$806.8M
Average market cap$3.4B$2.8B
Average P/E27.025.4
Portfolio turnover93%93%

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Fund Management and Purchase Info

Fund familyAlger
Fund manager & tenureJill Greenwald / 6 Years
Minimal initial investment$0.00
Minimum IRA investment--

Holdings

U.S. stock95.82%
Cash2.07%
International stock1.96%
Fixed income0.15%
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
ALGN Align Technology Inc1.13%
MOH Molina Healthcare Inc1.10%
WLL Whiting Petroleum Corp1.09%
ROC Rockwood Holdings Inc1.09%
JAH Jarden Corp1.07%
SIX Six Flags Entertainment Corp1.06%
SIG Signet Jewelers Ltd1.05%
ASGN On Assignment Inc1.05%
SBNY Signature Bank1.03%
ROSE Rosetta Resources Inc1.03%

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