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Morningstar

Alger Weatherbie Specialized Growth A ALMAX

Morningstar Medalist Rating
Medalist Rating as of | See Alger Investment Hub
  • NAV / 1-Day Return 11.71  /  −0.26 %
  • Total Assets 499.2 Mil
  • Adj. Expense Ratio
    1.320%
  • Expense Ratio 1.320%
  • Distribution Fee Level Above Average
  • Share Class Type Front Load
  • Category Small Growth
  • Investment Style Small Growth
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield —
  • Turnover 40%

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

Morningstar’s Analysis ALMAX

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

  • People Pillar

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

Weakness in Alger Weatherbie Specialized Growth A'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-highest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings ALMAX

More ALMAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 47.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

FirstService Corp Ordinary Shares

5.91 32.2 Mil
Real Estate

Progyny Inc

5.89 32.1 Mil
Healthcare

Casella Waste Systems Inc Class A

5.59 30.5 Mil
Industrials

SPS Commerce Inc

5.24 28.6 Mil
Technology

Vertex Inc Class A

4.44 24.2 Mil
Technology

Glaukos Corp

4.24 23.1 Mil
Healthcare

Transcat Inc

4.15 22.6 Mil
Industrials

SiteOne Landscape Supply Inc

4.08 22.2 Mil
Industrials

Hamilton Lane Inc Class A

4.08 22.2 Mil
Financial Services

StepStone Group Inc Ordinary Shares - Class A

4.07 22.2 Mil
Financial Services