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Morningstar

Alger Capital Appreciation Ptfl I-2 ALVOX

Morningstar Analyst Rating
Analyst rating as of
  • NAV / 1-Day Return 60.67  /  1.74 %
  • Total Assets 380.2 Mil
  • 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 500,000
  • Status Open
  • TTM Yield 0.00
  • Turnover 90%

USD | NAV as of Feb 01, 2023 | 1-Day Return as of Feb 01, 2023, 11:11 PM GMT+00:00

Morningstar’s Analysis ALVOX

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

People Pillar

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

Still attractive at the right price.

Analyst

Summary

| by Andrew Redden

Alger Capital Appreciation’s seasoned team gives this strategy appeal at the right price, but excessive trading and a lower conviction in its approach warrant a downgrade of its Process rating. The Morningstar Analyst Ratings on its more-expensive share classes remain at or fall to Neutral from Bronze, while the two cheapest ones remain at Bronze.

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