Alger Small Cap Growth Institutional Fund Class I

Frequently Asked Questions About ALSRX

What does ALSRX invest in?

The fund's primary goal is to achieve significant long-term capital appreciation. It typically allocates a minimum of 80% of its net assets, along with any borrowed capital used for investments, to equity securities. These are issued by companies whose market capitalization, at the time of purchase, falls within a specific range. This range is defined by an upper limit, which is the greater value of either $5 billion or the largest company, by market cap, found in the Russell 2000 Growth Index or the MSCI USA Small Cap Index over the preceding 12 months. The lower limit is set by the smallest company, by market cap, identified in either of those indices during the same 12-month period. Both the Russell 2000 Growth Index and the MSCI USA Small Cap Index are widely recognized as comprehensive benchmarks for small-capitalization stocks.

What is the expense ratio of ALSRX?

Alger Small Cap Growth Institutional Fund Class I (ALSRX) charges an expense ratio of 1.39%. This is the annual fee deducted from fund assets to cover management and operations.

How big is ALSRX?

Alger Small Cap Growth Institutional Fund Class I (ALSRX) manages $190.8M 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 ALSRX actively managed or an index fund?

ALSRX is a passive index fund — it tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (ALSRX's is 1.39%) because there's no security selection cost.

When was ALSRX launched?

Alger Small Cap Growth Institutional Fund Class I (ALSRX) launched in November 1993 and is managed by the fund issuer.

How has ALSRX performed?

ALSRX'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.