Alger Focus Equity Fund Class I (ALGRX) Stock
The primary objective of this fund is to achieve substantial growth in capital over the long term. To accomplish this, the fund's advisor typically allocates a significant portion of its assets to a concentrated number of individual companies.
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About Alger Focus Equity Fund Class I
The primary objective of this fund is to achieve substantial growth in capital over the long term. To accomplish this, the fund's advisor typically allocates a significant portion of its assets to a concentrated number of individual companies. Furthermore, the portfolio may specialize its investments within a limited selection of business sectors or industries. While the portfolio generally comprises around 50 individual holdings, this figure is not rigid and can be surpassed periodically due to various strategic considerations. The fund managers also maintain the flexibility to frequently adjust the portfolio's security positions through active trading.
Alger Focus Equity Fund Class I is headquartered in US.
Alger Focus Equity Fund Class I (ALGRX) stock trades at $117.69 with a market capitalization of $595.41M. Over the past 52 weeks the stock has ranged between $89.09 and $121.94, and currently trades 3.5% below its 52-week high. It pays a dividend yielding 6.87%.
Official website: www.alger.com/pages/Products.aspx?productCode=2042