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Alger 35 Fund
mutual fund
ATVPX
Payout Change
Pending
Price as of:
$18.53
+0.22
+1.2%
primary theme
U.S. Large-Cap Growth Equity
share class
ATVPX (Mutual Fund)
Alger 35 Fund
Payout Change
Pending
Price as of:
$18.53
+0.22
+1.2%
primary theme
U.S. Large-Cap Growth Equity
share class
ATVPX (Mutual Fund)
Alger 35 Fund
Payout Change
Pending
Price as of:
$18.53
+0.22
+1.2%
primary theme
U.S. Large-Cap Growth Equity
share class
Name
As of 12/04/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
56.5%
1 yr return
68.3%
3 Yr Avg Return
10.6%
5 Yr Avg Return
20.0%
Net Assets
$31.3 M
Holdings in Top 10
71.1%
52 WEEK LOW AND HIGH
$18.3
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.97%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 136.61%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$500,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/04/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
ATVPX - Profile
Distributions
- YTD Total Return 56.5%
- 3 Yr Annualized Total Return 10.6%
- 5 Yr Annualized Total Return 20.0%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.07%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameAlger 35 Fund
-
Fund Family NameAlger Family of Funds
-
Inception DateMar 29, 2018
-
Shares OutstandingN/A
-
Share ClassZ
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerDaniel Chung
Fund Description
The Manager believes companies undergoing Positive Dynamic Change offer the best opportunities. Positive Dynamic Change refers to companies realizing High Unit Volume Growth or companies undergoing Positive Lifecycle Change. High Unit Volume Growth companies are traditional growth companies experiencing, for example, rapidly growing demand or market dominance. Positive Lifecycle Change companies are, for example, companies benefitting from new regulations, a new product innovation or new management.Under normal circumstances, the Fund invests in a 35-stock portfolio of equity securities of companies of any market capitalization that the Manager believes are undergoing Positive Dynamic Change. Equity securities include common or preferred stocks, or securities convertible into or exchangeable for equity securities, including warrants and rights. The Fund may invest in companies whose securities are traded on domestic or foreign exchanges. The Fund focuses its investments in companies fostering and benefiting from technological improvements, advancements or developments. In the opinion of the Manager, these companies use technology extensively to improve their business processes, applications and opportunities or seek to grow through technological developments and innovations.The Fund intends to invest a substantial portion of its assets in a smaller number of issuers. Generally the Fund will own approximately 35 holdings. As a result, the Fund is a non-diversified investment company, which means the performance results of any one position may have a greater impact on the Fund’s performance. Fund holdings may occasionally differ from this number for a variety of reasons, including, among others, because of extreme market volatility, such as when the Fund has entered a temporary defensive position. Additionally, the Fund may temporarily exceed the stated number of holdings when it acquires a new holding and determines that it is in the best interests of shareholders to sell an existing holding over a period of time, instead of immediately selling the entire holding.The Fund may sell a stock when it reaches a target price, it fails to perform as expected, or other opportunities appear more attractive. As a result, the Fund may engage in active trading of portfolio securities.The Fund may invest a significant portion of its assets in securities of companies conducting business within a single sector, as defined by third party sources, including the information technology, health care, consumer discretionary and communication services sectors.The Fund invests in cash (and cash equivalents) when the Fund is unable to find enough attractive long-term investments to meet its investment objective, to meet redemptions and/or when the Manager believes it is advisable to do so during times of short-term market volatility. During these times, cash (and cash equivalents) will not exceed 15% of the Fund’s net assets.
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ATVPX - Performance
Return Ranking - Trailing
| Period | ATVPX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 56.5% | 2.4% | 55.8% | 0.55% |
| 1 Yr | 68.3% | 4.7% | 67.4% | 0.18% |
| 3 Yr | 10.6%* | -21.2% | 27.7% | 33.77% |
| 5 Yr | 20.0%* | -12.8% | 30.5% | 11.06% |
| 10 Yr | N/A* | -4.5% | 20.3% | N/A |
* Annualized
Return Ranking - Calendar
| Period | ATVPX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 31.4% | -74.1% | 72.4% | 53.47% |
| 2022 | -36.4% | -85.9% | 4.7% | 62.28% |
| 2021 | -19.2% | -52.4% | 60.5% | 96.45% |
| 2020 | 42.6% | -34.3% | 145.0% | 15.13% |
| 2019 | 30.3% | -6.9% | 49.4% | 18.86% |
Total Return Ranking - Trailing
| Period | ATVPX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 56.5% | 2.4% | 55.8% | 0.55% |
| 1 Yr | 68.3% | 4.7% | 67.4% | 0.18% |
| 3 Yr | 10.6%* | -21.2% | 27.7% | 33.77% |
| 5 Yr | 20.0%* | -12.8% | 30.5% | 11.06% |
| 10 Yr | N/A* | -4.5% | 20.3% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | ATVPX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 31.4% | -4.6% | 72.4% | 70.89% |
| 2022 | -36.4% | -61.7% | 5.6% | 80.91% |
| 2021 | 9.9% | -39.8% | 118.1% | 89.34% |
| 2020 | 67.9% | 2.8% | 149.2% | 7.37% |
| 2019 | 30.6% | -5.2% | 49.4% | 70.64% |
NAV & Total Return History
ATVPX - Holdings
Concentration Analysis
| ATVPX | Category Low | Category High | ATVPX % Rank | |
|---|---|---|---|---|
| Net Assets | 31.3 M | 296 K | 287 B | 95.65% |
| Number of Holdings | 33 | 2 | 3061 | 87.02% |
| Net Assets in Top 10 | 20.1 M | 126 K | 150 B | 95.01% |
| Weighting of Top 10 | 71.10% | 0.7% | 205.0% | 2.73% |
Top 10 Holdings
- Microsoft Corp 14.50%
- NVIDIA Corp 11.28%
- Amazon.com Inc 9.90%
- Apple Inc 8.12%
- Netflix Inc 5.58%
- Spotify Technology SA 5.23%
- Meta Platforms Inc 5.10%
- Natera Inc 4.05%
- ASML Holding NV 3.71%
- HEICO Corp 3.63%
Asset Allocation
| Weighting | Return Low | Return High | ATVPX % Rank | |
|---|---|---|---|---|
| Stocks | 104.75% | 0.00% | 123.52% | 0.73% |
| Cash | 0.40% | 0.00% | 173.52% | 71.23% |
| Preferred Stocks | 0.00% | 0.00% | 8.45% | 21.23% |
| Other | 0.00% | -36.56% | 50.35% | 30.94% |
| Convertible Bonds | 0.00% | 0.00% | 1.94% | 8.91% |
| Bonds | 0.00% | 0.00% | 102.71% | 11.25% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | ATVPX % Rank | |
|---|---|---|---|---|
| Technology | 39.55% | 0.00% | 65.70% | 31.36% |
| Healthcare | 16.38% | 0.00% | 39.76% | 18.36% |
| Consumer Cyclical | 9.76% | 0.00% | 62.57% | 86.55% |
| Communication Services | 9.17% | 0.00% | 66.40% | 64.00% |
| Financial Services | 7.25% | 0.00% | 43.06% | 69.00% |
| Energy | 6.04% | 0.00% | 41.09% | 7.18% |
| Industrials | 5.14% | 0.00% | 30.65% | 61.91% |
| Real Estate | 4.63% | 0.00% | 16.05% | 7.00% |
| Consumer Defense | 2.08% | 0.00% | 25.50% | 71.27% |
| Utilities | 0.00% | 0.00% | 16.07% | 34.36% |
| Basic Materials | 0.00% | 0.00% | 18.91% | 75.64% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | ATVPX % Rank | |
|---|---|---|---|---|
| US | 104.75% | 0.00% | 123.52% | 0.73% |
| Non US | 0.00% | 0.00% | 75.46% | 35.93% |
ATVPX - Expenses
Operational Fees
| ATVPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.97% | 0.01% | 28.71% | 47.72% |
| Management Fee | 0.45% | 0.00% | 1.50% | 19.65% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | 0.03% | 0.01% | 1.02% | 3.49% |
Sales Fees
| ATVPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.25% | 8.50% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| ATVPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| ATVPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 136.61% | 0.00% | 316.74% | 94.66% |
ATVPX - Distributions
Dividend Yield Analysis
| ATVPX | Category Low | Category High | ATVPX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 27.58% | 46.59% |
Dividend Distribution Analysis
| ATVPX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Annual | Annual |
Net Income Ratio Analysis
| ATVPX | Category Low | Category High | ATVPX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.07% | -6.13% | 3.48% | 30.80% |
Capital Gain Distribution Analysis
| ATVPX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 15, 2022 | $0.002 | OrdinaryDividend |
| Dec 15, 2021 | $5.097 | OrdinaryDividend |
| Dec 16, 2020 | $3.022 | OrdinaryDividend |
| Dec 18, 2019 | $0.021 | OrdinaryDividend |
| Dec 18, 2018 | $0.044 | OrdinaryDividend |
| Dec 18, 2018 | $0.071 | CapitalGainShortTerm |
ATVPX - Fund Manager Analysis
Managers
Daniel Chung
Start Date
Tenure
Tenure Rank
Mar 29, 2018
4.18
4.2%
Dan Chung, CFA is Chief Executive Officer, Chief Investment Officer and Portfolio Manager of several Alger strategies. Dan joined Alger in 1994 and has 27 years of investment experience. He was named Chief Investment Officer in September 2001, President in 2003, and CEO in 2006. Dan is also a member of The Alger Partners Plan. Throughout his tenure at Alger, he has made numerous TV appearances on Bloomberg, CNBC, and Fox Business. Dan has also been featured and quoted frequently in Barron’s, Citywire, Forbes, Investment News, Pensions & Investments, and USA Today. Prior to joining Alger, Dan was an associate at Simpson Thacher & Bartlett LLP in New York City in 1989 while he earned an LL.M. from New York University. He earned his J.D. magna cum laude from Harvard Law School in 1987, where he was an editor of the Harvard Law Review. After graduating, he served as law clerk for the Honorable Justice Anthony M. Kennedy, United States Supreme Court. Dan graduated from Stanford University with B.A. and B.S. degrees, with Distinction and Phi Beta Kappa, in 1984. Dan is also a CFA charterholder and a member of the CFA Institute. Dan currently serves as a board trustee and former chairman of The Nature Conservancy in the State of New York and is a Global Campaign Committee Member of The Nature Conservancy. He is also actively involved with the Stanford in New York Internship Program, and frequently contributes to and supports various charitable organizations including the Harlem Education Activities Fund (HEAF) and Target Margin Theater.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.04 | 54.45 | 8.25 | 3.08 |
