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Morningstar

Alger Global Focus I AFGIX

Morningstar Medalist Rating
Medalist Rating as of | See Alger Investment Hub
  • NAV / 1-Day Return 27.81  /  −0.71 %
  • Total Assets 20.1 Mil
  • Adj. Expense Ratio
    1.200%
  • Expense Ratio 1.200%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category Global Large-Stock Growth
  • Investment Style Large Growth
  • Min. Initial Investment —
  • Status Open
  • TTM Yield —
  • Turnover 37%

USD | NAV as of Apr 18, 2024 | 1-Day Return as of Apr 18, 2024, 10:16 PM GMT+0

Morningstar’s Analysis AFGIX

Will AFGIX 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 AFGIX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the AFGIX 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 AFGIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Weakness in Alger Global Focus I's Process and People Pillar ratings limits this strategy to a Morningstar Medalist Rating of Negative.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-costliest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings AFGIX

More AFGIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 46.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Microsoft Corp

6.92 1.4 Mil
Technology

Eli Lilly and Co

6.40 1.3 Mil
Healthcare

Amazon.com Inc

5.05 993,280
Consumer Cyclical

American Express Co

4.69 923,404
Financial Services

Intuit Inc

4.59 902,802
Technology

MSCI Inc

4.36 859,020
Financial Services

ASML Holding NV

3.93 772,537
Technology

NVIDIA Corp

3.83 753,706
Technology

Ferrari NV

3.69 726,432
Consumer Cyclical

Salesforce Inc

3.25 639,480
Technology