Alger Focus Equity Fund Class I

Frequently Asked Questions About ALGRX

What does ALGRX invest in?

The primary objective of this fund is to achieve substantial growth in capital over the long term. To accomplish this, the fund's advisor typically allocates a significant portion of its assets to a concentrated number of individual companies. Furthermore, the portfolio may specialize its investments within a limited selection of business sectors or industries. While the portfolio generally comprises around 50 individual holdings, this figure is not rigid and can be surpassed periodically due to various strategic considerations. The fund managers also maintain the flexibility to frequently adjust the portfolio's security positions through active trading.

What is the expense ratio of ALGRX?

Alger Focus Equity Fund Class I (ALGRX) charges an expense ratio of 0.95%. This is the annual fee deducted from fund assets to cover management and operations.

How big is ALGRX?

Alger Focus Equity Fund Class I (ALGRX) manages $586.9M 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 ALGRX actively managed or an index fund?

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

When was ALGRX launched?

Alger Focus Equity Fund Class I (ALGRX) launched in November 1993 and is managed by the fund issuer.

How has ALGRX performed?

ALGRX'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.