Alger Capital Appreciation Institutional Fund Class I

Frequently Asked Questions About ALARX

What does ALARX invest in?

This fund's primary objective is to generate long-term capital appreciation. It typically achieves this by investing a significant portion of its assets—specifically, at least 85% of its net assets and any funds borrowed for investment purposes—into equity securities. The fund targets companies across the entire market capitalization spectrum that its adviser identifies as exhibiting promising potential for growth.

What is the expense ratio of ALARX?

Alger Capital Appreciation Institutional Fund Class I (ALARX) charges an expense ratio of 1.25%. This is the annual fee deducted from fund assets to cover management and operations.

How big is ALARX?

Alger Capital Appreciation Institutional Fund Class I (ALARX) manages $6.39B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

Is ALARX actively managed or an index fund?

ALARX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was ALARX launched?

Alger Capital Appreciation Institutional Fund Class I (ALARX) launched in November 1993 and is managed by the fund issuer.

How has ALARX performed?

ALARX's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.