For standard performance and important disclosures click for Alger Small Cap Focus, Small Cap Growth, and Mid Cap Focus strategies.
For Financial Professional Use Only. Not for Distribution to the Public.
The views expressed are the views of Fred Alger Management, LLC (“FAM”) and its affiliates as of June 2024. These views are subject to change at any time and may not represent the views of all portfolio management teams. These views should not be interpreted as a guarantee of the future performance of the markets, any security or any funds managed by FAM. These views are not meant to provide investment advice and should not be considered a recommendation to purchase or sell securities.
Risk Disclosures: Investing in the stock market involves risks, including the potential loss of principal. Growth stocks may be more volatile than other stocks as their prices tend to be higher in relation to their companies’ earnings and may be more sensitive to market, political, and economic developments. Local, regional or global events such as environmental or natural disasters, war, terrorism, pandemics, outbreaks of infectious diseases and similar public health threats, recessions, or other events could have a significant impact on investments. Investing in companies of small and medium capitalizations involves the risk that such issuers may have limited product lines or financial resources, lack management depth, or have limited liquidity.
P/E Ratios were calculated using a weighted harmonic average, excluding companies with negative earnings.
Alpha measures the difference between a portfolio’s actual returns and its expected performance, given its level of risk (as measured by beta); a positive alpha means that the portfolio has performed better than its beta would predict.
Beta measures a fund’s sensitivity to market movements in relationship to a particular index. A fund with a beta of 1.00 would be expected to have returns equal to such index.
R-Squared reflects the percentage of a portfolio’s movements that can be explained by movements in its benchmark.
Active Share is a measure of the percentage of stock holdings in a portfolio that differs from the benchmark index. The calculation is inclusive of cash.
The S&P 500 Index is an unmanaged index generally representative of the U.S. stock market.
The S&P 500 Value Index is an unmanaged index considered representative of large-cap value stocks.
The S&P 500 Growth Index is an unmanaged index considered representative of large-cap growth stocks.
The S&P SmallCap 600 Growth Index is an unmanaged index considered representative of small cap growth stocks.
The Russell 1000® Growth Index is an unmanaged index designed to measure the performance of the largest 1000 companies in the Russell 3000 Index with higher price-to-book ratios and higher forecasted growth values.
The Russell 1000 Value Index measures the performance of those Russell 1000 companies with lower price-to-book ratios and lower forecasted growth values.
The Russell 2000® Growth Index measures the performance of the small-cap growth segment of the U.S. equity universe. It includes those Russell 2000 companies with higher growth earning potential as defined by Russell's leading style methodology.
The Russell 2000 Growth Index is constructed to provide a comprehensive and unbiased barometer for the small-cap growth segment.
The Russell Midcap® Growth Index measures the performance of the mid-cap growth segment of the U.S. equity universe. It includes those Russell Midcap Index companies with higher growth earning potential as defined by Russell's leading style methodology.
The Russell Midcap Growth Index is constructed to provide a comprehensive and unbiased barometer of the mid-cap growth market.
The Russell Midcap® Value Index measures the performance of the midcap value segment of the US equity universe. It includes those Russell Midcap Index companies with relatively lower price-to-book ratios, lower I/B/E/S forecast medium term (2 year) growth and lower sales per share historical growth (5 years).
The Russell Midcap Value Index is constructed to provide a comprehensive and unbiased barometer of the mid-cap value market.
The Russell 2000® Value Index measures the performance of the small-cap value segment of the US equity universe. It includes those Russell 2000 companies with relatively lower price-to-book ratios, lower I/B/E/S forecast medium term (2 year) growth and lower sales per share historical growth (5 years). The Russell 2000 Value Index is constructed to provide a comprehensive and unbiased barometer for the small-cap value segment.
The indices presented are provided for illustrative purposes, reflect the reinvestment of dividends and do not assess fees and expenses that would have the effect of reducing returns. Investors cannot invest directly in any index. The index performance does not represent the returns of any portfolio advised by Fred Alger Management, LLC and actual client results might differ materially than the indices shown. Note that past performance is no guarantee of future results.
Frank Russell Company (“Russell”) is the source and owner of the trademarks, service marks and copyrights related to the Russell Indexes. Russell® is a trademark of Frank Russell Company. Neither Russell nor its licensors accept any liability for any errors or omissions in the Russell Indexes and / or Russell ratings or underlying data and no party may rely on any Russell Indexes and / or Russell ratings and / or underlying data contained in this communication. No further distribution of Russell Data is permitted without Russell’s express written consent. Russell does not promote, sponsor or endorse the content of this communication.
The S&P indexes are a product of S&P Dow Jones Indices LLC and/or its affiliates and has been licensed for use by Fred Alger Management, LLC and its affiliates. Copyright 2024 S&P Dow Jones Indices LLC, a subsidiary of S&P Global Inc. and/or its affiliates. All rights reserved. Redistribution or reproduction in whole or in part are prohibited without written permission of S&P Dow Jones Indices LLC. S&P® is a registered trademark of Standard & Poor’s Financial Services LLC and Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC. Neither S&P Dow Jones Indices LLC, Dow Jones Trademark Holdings LLC, their affiliates nor their third party licensors make any representation or warranty, express or implied, as to the ability of any index to accurately represent the asset class or market sector that it purports to represent and neither S&P Dow Jones Indices LLC, Dow Jones Trademark Holdings LLC, their affiliates nor their third party licensors shall have any liability for any errors, omissions, or interruptions of any index or the data included therein.
FactSet is an independent source, which Alger believes to be a reliable source. Fred Alger Management, LLC, however, makes no representation that it is complete or accurate.
The following positions represented the noted percentages of Alger's firm-wide assets as of March 31, 2024: Alphabet Inc. Class C, 2.50%, Alphabet Inc. Class A, 0.11%, Apple Inc., 3.55%, Meta platforms Inc Class A, 4.49%, Nvidia Corp., 6.96, Amazon Com Inc., 5.53%, Microsoft Corp, 9.82%, Tesla Inc., 0.47%, Vertiv Holdings Co, 1.07%, Johnson & Johnson, 0.03%, ChampionX Corp, 0.28, Synopsys Inc., 0.03%, Veeva Systems Inc Class A, 0.17%, Shockwave Medical Inc, 0.32%, Ansys Inc., 0.00%.
Fred Alger & Company, LLC / 100 Pearl Street, New York, NY 10004 /
www.alger.com / 212.806.8800
