Alger Funds II Alger Dynamics Opportunities Fund Class A

Frequently Asked Questions About SPEDX

What does SPEDX invest in?

The fund invests in a portfolio of U.S. and foreign equity securities (common stocks, preferred stocks and convertible securities). In addition to purchasing securities (i.e., taking long positions), the Manager will identify securities that the advisor believes will underperform on an absolute or relative basis and will sell these securities short on behalf of the fund.

What is the expense ratio of SPEDX?

Alger Funds II Alger Dynamics Opportunities Fund Class A (SPEDX) charges an expense ratio of 2.00%. This is the annual fee deducted from fund assets to cover management and operations.

How big is SPEDX?

Alger Funds II Alger Dynamics Opportunities Fund Class A (SPEDX) manages $225.3M 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 SPEDX actively managed or an index fund?

SPEDX is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (SPEDX's is 2.00%) in exchange for the discretion to over- or under-weight positions.

When was SPEDX launched?

Alger Funds II Alger Dynamics Opportunities Fund Class A (SPEDX) launched in November 2009 and is managed by the fund issuer.

How has SPEDX performed?

SPEDX'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.