Fund Research for Alger Capital Appreciation B (ACAPX)

  • Fund Overview

    Fund Inception Date: Oct 29, 1993
    Category: Large Growth
    Overall Risk: Above Average
    Fund Family: Alger
    Return Since Inception: 9.76%
    YTD Return: 43.43%
    Yield (TTM): 0.00%
    Net Assets: 52.07 M
    Morningstar Rating:
    4 of 5

    The investment seeks long-term capital appreciation. The fund invests normally at least 85% of net assets plus any borrowings for investment purposes in the equity securities of companies of any market capitalization that demonstrate promising growth potential. It can leverage, that is, borrow money to buy additional securities.

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    Size
    Average Market Cap $21,050 M
    Market Capitalization Portfolio
    Giant 34.31%
    Large 33.80%
    Medium 27.95%
    Small 3.72%
    Micro 0.23%
    Morningstar Rating as of 10/31/2009
    YTD Returns as of 11/23/2009    		 Style Box Detail calculations do not include the fund's short positions (if any)

  • Fund Performance

    10 year Growth Chart
    Growth of $10,000 from 12/31/1998 to 10/31/2009
    Mouseover the chart to see values for each month.

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    Total Annualized Returns

    YTD 1 year 3 year 5 year 10 year Since Inception
    Fund 43.43% 62.48% 1.35% 7.82% -0.83% 9.76%
    +/- Category 10.83% 12.32% 5.26% 6.39% 0.63% —
    +/- S&P 500 TR 19.91% 13.68% 7.25% 7.14% -0.95% —

    Standardized Annual Returns

    YTD 1 year 3 year 5 year 10 year Since Inception
    Month (as of 10/31/2009) 28.25% 17.95% -0.55% 7.12% -0.83% 9.76%
    Quarter (as of 09/30/2009) 33.92% 2.37% 2.50% 8.55% 0.17% 10.10%
    Fund and Category YTD, 1yr, 3yr and 5yr Returns as of 11/23/2009
    Index YTD,1yr, 3ys and 5yr Returns as of 11/23/2009 10 yr and Since Inception Returns as of 10/31/2009
    Inception Date: 10/29/1993
    Ratings are based on risk-adjusted performance.
    View Total Returns

  • Fund Portfolio Profile

    Sector Breakdown

    Stocks
    Information 34.33%
    Service 40.97%
    Manufacturing 23.50%

    Asset Allocation

    Short Long Net Assets
    Cash — 1.20% 1.20%
    Stocks — 98.79% 98.79%
    Bonds — 0.00% 0.00%
    Other — 0.00% 0.00%
    Foreign Stocks
    (as a % of assets)    		 — 5.22% 5.22%
    Data as of 08/31/2009 Data as of 08/31/2009 View Fund Portfolio

    Top 10 Holdings

    Sector P/E Return as of 10/31/2009 Net Assets
    + APPLE INC (AAPL) Hardware 32.50 121.15% 3.90%
    = ABBOTT LABS (ABT) Healthcare 15.11 -2.59% 2.99%
    + MICROSOFT CORP (MSFT) Software 19.42 43.62% 2.97%
    + CHEVRON CORP NEW (CVX) Energy 12.85 6.37% 2.27%
    + WAL MART STORES INC (WMT) Consumer Services 15.85 -9.53% 2.21%
    - PHILIP MORRIS INTL INC (PM) Consumer Goods 15.92 13.79% 1.88%
    + KROGER CO (KR) Consumer Services 11.83 -11.55% 1.75%
    - BAXTER INTL INC (BAX) Healthcare 15.51 2.07% 1.63%
    + QUALCOMM INC (QCOM) Telecom 47.96 19.23% 1.62%
    + YAHOO INC (YHOO) Telecom 169.33 28.69% 1.60%
    + Increase - Decrease = No change * New since last portfolio
    Top 10 holdings account for the fund's short positions (if any). Net short positions appear shaded.
    P/E as of 11/24/2009
    All other data as of 07/31/2009
    View Fund Portfolio

  • Sales Information

    Sales Charge %

    Initial —
    Deferred 5.00%
    Taken from prospectus dated 08/17/2009
    Expense Ratio (based on net assets) 2.09%
    Taken from annual report dated 10/31/2008

  • Fund Management

    Patrick Kelly
    Start Date: 09/30/2004
    Kelly is senior vice president and portfolio manager with Fred Alger Management. Kelly has been employed by Fred Alger Management as a research associate from July 1999 to February 2001, as an assistant vice president and assistant analyst from February 2001 to September 2001, as a vice president and senior analyst from September 2001 to September 2004. Kelly began his career as an investment banking analyst at SG Co wen.