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Morningstar

Alger Focus Equity I ALGRX

Morningstar Medalist Rating
Medalist Rating as of | See Alger Investment Hub
  • NAV / 1-Day Return 45.78  /  0.99 %
  • Total Assets 1.2 Bil
  • Adj. Expense Ratio
    0.910%
  • Expense Ratio 0.910%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category Large Growth
  • Investment Style Large Growth
  • Min. Initial Investment 0
  • Status Open
  • TTM Yield 0.05%
  • Turnover 126%

USD | NAV as of Jun 08, 2023 | 1-Day Return as of Jun 08, 2023, 9:55 PM GMT+0

Morningstar’s Analysis ALGRX

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

People Pillar

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

A middling Parent Pillar and a subpar Process Pillar help limit Alger Focus Equity I to a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The strategy charges fees in line with its similarly distributed peers, priced within the middle quintile.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings ALGRX

More ALGRX Holdings
  • Current Portfolio Date
  • Equity Holdings 50
  • Bond Holdings 0
  • Other Holdings 1
  • % Assets in Top 10 Holdings 48.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
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Microsoft Corp

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138,936,383
Technology

Apple Inc

6.77
77,762,058
Technology

NVIDIA Corp

5.57
63,898,489
Technology

Amazon.com Inc

5.21
59,849,325
Consumer Cyclical

Visa Inc Class A

3.92
45,042,399
Financial Services

TransDigm Group Inc

3.40
38,981,837
Industrials

MercadoLibre Inc

3.19
36,635,478
Consumer Cyclical

Alphabet Inc Class C

3.11
35,702,056
Communication Services

Intuit Inc

2.99
34,370,818
Technology

Cash

2.88
33,092,797
Cash and Equivalents