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    Alger Capital Appreciation A (ACAAX)

    21.61 Down 0.09(0.41%) Feb 27

    Profile as of Jan 30, 2015Get Profile for:
    Alger Capital Appreciation A
    Alger Funds111 Fifth AvenueNew York, NY 10003
    Phone: 800-992-3863
    Fund Overview 
    Category:Large Growth
    Fund Family:Alger
    Net Assets:1.98B
    Year-to-Date Return:-1.32%
    Morningstar Rating:4 stars
    Fund Inception Date:Dec 31, 1996
    Morningstar Style Box 
    Large Growth
    [View Category Definition]
    View Top Large Growth Funds
    About the Morningstar Style Box
    Management Information 
    Patrick Kelly
    Lead Manager since Sep 30, 2004
    Patrick Kelly, CFA is Executive Vice President and Portfolio Manager of the Alger Capital Appreciation, Alger Capital Appreciation Focus, Alger Spectra and Dynamic strategies. He joined Alger in 1999 and has 16 years of investment experience. Previously, Patrick was an investment banking analyst with SG Cowen. He began his career at Alger as a Research Associate and completed Alger’s in-house analyst training program. In early 2001, Patrick was promoted to Associate Analyst and Assistant Vice President, and in September of 2001 he was promoted to Senior Analyst. As a Senior Analyst, he was responsible for the Technology sector. Patrick was named Manager of Alger’s Capital Appreciation strategy in September 2004. He graduated with honors from Georgetown University. Patrick is a CFA charterholder and a member of the CFA Institute. "
    Investment Information 
    Min Initial Investment:1,000
    Min Initial Investment, IRA:500
    Min Initial Investment, AIP:500
    Min Subsequent Investment:50
    Min Subsequent Investment, IRA:50
    Min Subsequent Investment, AIP:50
    ACAAX can be purchased from 133 brokerages.

    Fund Summary 
    The investment seeks long-term capital appreciation. The fund invests at least 85% of its net assets, plus any borrowings for investment purposes, in equity securities of companies of any market capitalization that Fred Alger Management, Inc. believes demonstrate promising growth potential. It can leverage, that is, borrow money to buy additional securities. The fund can also invest in derivative instruments.

    Fund Operations 
    Last Dividend : 0.00
    Last Cap Gain (Dec 17, 2014) : 0.00
    Annual Holdings Turnover (Feb 25, 2015) : 147.78%
    Average for Category:57.83%
    Fees & Expenses 
    ExpenseACAAXCategory Avg
    Annual Report Expense Ratio (net):1.24%1.20%
    Prospectus Net Expense Ratio:1.26%N/A
    Prospectus Gross Expense Ratio:1.26%N/A
    Max 12b1 Fee:0.25%N/A
    Max Front End Sales Load:5.25%5.44%
    Max Deferred Sales Load: N/A2.20%
    3 Yr Expense Projection*:904531
    5 Yr Expense Projection*:1,180839
    10 Yr Expense Projection*:1,9681,695
    * Per $10,000 invested