A talented manager’s unexpected departure from Alger Capital Appreciation is a loss, but the team and approach still impress. All share classes earn a Morningstar Analyst Rating of Bronze.
Alger Capital Appreciation Instl R ACARX
NAV / 1-Day Return
35.16
/
0.51
%
Total Assets
4.0 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
1.610%
Expense Ratio
1.610%
Fee Level
High
Longest Manager Tenure
16.41
years
Category
Large Growth
Investment Style
Large GrowthMin. Initial Investment
0
Status
Open
TTM Yield
0.00%
Turnover
84%
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Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will ACARX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable ACARX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the ACARX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of ACARX’s parent organization’s priorities and whether they’re in line with investors’ interests.
This strategy lost a key player but still stands strong.
