Alger Focus Equity Z

Frequently Asked Questions About ALZFX

What does ALZFX invest in?

The advisor intends to invest a substantial portion of its assets in a smaller number of issuers. Generally, the fund will own approximately 50 holdings. Fund holdings may occasionally differ from this number for a variety of reasons. The fund may engage in active trading of portfolio securities. The fund is non-diversified.

What is the expense ratio of ALZFX?

Alger Focus Equity Z (ALZFX) charges an expense ratio of 0.66%. This is the annual fee deducted from fund assets to cover management and operations.

How big is ALZFX?

Alger Focus Equity Z (ALZFX) manages $610.0M 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 ALZFX actively managed or an index fund?

ALZFX is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (ALZFX's is 0.66%) in exchange for the discretion to over- or under-weight positions.

When was ALZFX launched?

Alger Focus Equity Z (ALZFX) launched in December 2012 and is managed by the fund issuer.

How has ALZFX performed?

ALZFX'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.