Responsible Investing
SpecialtySpecialty
Alger Responsible Investing FundALGZX

as of 7/9/2025
Fund Snapshot

  • Share ClassZ
  • CUSIP015566698
  • Net Asset Value$20.45
  • Offering Price-
  • Daily Change (NAV)0.99%
  • Minimum Investment$500,000
  • Annual Fund Operating Expenses Total - without Waiver
    (as of 2/28/2025)
    0.99%
  • Annual Fund Operating Expenses Total - with Waiver0.96%
    (as of 2/28/2025)

Investment Strategy

Primarily invests in growth equity securities of U.S. companies identified through our fundamental research as demonstrating promising growth potential and rated as having positive environmental, social, or governance practices. Seeks long-term capital appreciation.



Highlights

Asset Class:
U.S. Large Cap Growth Equities

​Benchmark:
Russell 1000 Growth Index

Driver of Expected Return:
Stock selection

Management

Gregory Adams, CFA
Senior Vice President,
Portfolio Manager and Director of Quantitative & Risk Management

Morningstar

(as of 4/30/2025)

Performance

 
YTD
as of (7/9/2025)
Effective date (3/31/2025) 
 1 Year1y3 Years3y5 Years5y10 Years10ySince Inception
(10/14/2016)
ALGZX8.60%2.30%6.41%15.86%-14.57%
Russell 1000 Growth7.18%7.76%10.10%20.09%-17.30%
Distribution TypeRecord DateEx-Dividend/Payable DatePer Share Amounts
($)
Reinvest Price
($)
Long Term Gain12/11/202412/12/20240.804019.52
Long Term Gain12/13/202312/14/20230.396215.34
Short Term Gain12/13/202312/14/20230.041315.34
(Prospectus Dated February 28, 2025, unless otherwise amended)
Shareholder Fees (fees paid directly from your investment)
Maximum Sales Charge (load) Imposed on Purchases as a Percentage of Offering Price-
Maximum Deferred Sales Charge (load) as a Percentage of Purchase Price or Redemption Proceeds, Whichever is Lower-
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Management Fees0.71%
Distribution and/or Service (12b-1) Fees0.00%
Other Expenses0.28%
Total Annual Fund Operating Expenses Total - without Waiver0.99%
Total Annual Fund Operating Expenses Total - with Waiver0.96%

Composition

Characteristics

(as of 3/31/2025)
Alger Responsible Investing FundRussell 1000 Growth Index
Number of Equity Holdings60394
Active Share44.59%-
Average Market Cap$402.70 bil$95.11 bil
Median Market Cap$118.31 bil$19.44 bil
Weighted Average Market Cap$1329.67 bil$1399.03 bil
P/E Ratio24.45x26.00x
Price/Book Ratio9.57x11.43x
Sales Growth (Next 12 Months)11.04%11.04%
EPS Growth (3-5 YR) Forecasted10.13%10.13%
Characteristics are sourced from FactSet, an independent source, using all available data. Fred Alger Management, LLC, makes no representation that FactSet is complete, reliable, or accurate. With the exception of active share, the calculation excludes cash.

Holdings

(as of 5/31/2025)
Name
Alger Responsible Investing Fund
Russell 1000 Growth Index
Active
Weight
Microsoft Corporation13.98%11.39%2.59%
NVIDIA Corporation13.61%10.53%3.08%
Amazon.com, Inc.7.89%6.46%1.44%
Apple Inc.6.21%9.83%-3.62%
Visa Inc. Class A5.06%2.21%2.85%
AppLovin Corp. Class A3.23%0.36%2.87%
Netflix, Inc.3.07%1.81%1.26%
Alphabet Inc. Class A3.03%3.39%-0.37%
Adobe Inc.1.94%0.63%1.31%
Tesla, Inc.1.82%3.38%-1.56%
(as of 4/30/2025)
Name
Alger Responsible Investing Fund
Russell 1000 Growth Index
Active
Weight
NVIDIA Corporation12.49%9.23%3.26%
Visa Inc. Class A5.26%2.27%2.98%
Microsoft Corporation13.37%10.64%2.73%
AppLovin Corp. Class A2.43%0.27%2.16%
S&P Global, Inc.1.74%0.00%1.74%
Amazon.com, Inc.8.00%6.32%1.68%
MercadoLibre, Inc.1.65%0.00%1.65%
Flex Ltd1.45%0.00%1.45%
Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR1.44%0.00%1.44%
Lam Research Corporation1.75%0.35%1.40%
(as of 4/30/2025)
Name
Alger Responsible Investing Fund
Russell 1000 Growth Index
Active
Weight
Microsoft Corporation13.37%10.64%2.73%
NVIDIA Corporation12.49%9.23%3.26%
Amazon.com, Inc.8.00%6.32%1.68%
Apple Inc.7.55%11.31%-3.77%
Visa Inc. Class A5.26%2.27%2.98%
Netflix, Inc.3.16%1.85%1.31%
Alphabet Inc. Class A3.07%3.41%-0.34%
AppLovin Corp. Class A2.43%0.27%2.16%
Adobe Inc.1.98%0.62%1.36%
Alphabet Inc. Class C1.79%2.85%-1.06%
Lam Research Corporation1.75%0.35%1.40%
S&P Global, Inc.1.74%0.00%1.74%
MercadoLibre, Inc.1.65%0.00%1.65%
Tesla, Inc.1.62%2.99%-1.37%
Home Depot, Inc.1.62%1.09%0.53%
Vertex Pharmaceuticals Incorporated1.62%0.25%1.36%
Spotify Technology SA1.56%0.34%1.22%
Vertiv Holdings Co. Class A1.46%0.12%1.35%
Flex Ltd1.45%0.00%1.45%
Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR1.44%0.00%1.44%
Morgan Stanley1.28%0.03%1.26%
ASML Holding NV Sponsored ADR1.21%0.00%1.21%
Salesforce, Inc.1.16%0.80%0.36%
Procter & Gamble Company1.02%0.33%0.69%
Broadcom Inc.0.95%3.28%-2.33%
Pinterest, Inc. Class A0.91%0.06%0.85%
Equinix, Inc.0.90%0.02%0.88%
UnitedHealth Group Incorporated0.89%0.10%0.79%
Constellation Energy Corporation0.79%0.04%0.74%
Autodesk, Inc.0.78%0.23%0.56%
GE Vernova Inc.0.77%0.00%0.77%
Intuitive Surgical, Inc.0.73%0.69%0.03%
Prologis, Inc.0.71%0.00%0.71%
AbbVie, Inc.0.68%0.57%0.11%
Zoetis, Inc. Class A0.66%0.22%0.44%
Cintas Corporation0.65%0.26%0.39%
Air Products and Chemicals, Inc.0.65%0.00%0.65%
Veralto Corporation0.64%0.04%0.60%
Accenture Plc Class A0.63%0.00%0.63%
Eaton Corp. Plc0.61%0.00%0.61%
Intuit Inc.0.61%0.65%-0.05%
Ecolab Inc.0.58%0.21%0.37%
Xylem Inc.0.56%0.00%0.56%
Union Pacific Corporation0.55%0.24%0.31%
NextEra Energy, Inc.0.55%0.00%0.55%
Agilent Technologies, Inc.0.52%0.00%0.52%
Merck & Co., Inc.0.52%0.82%-0.30%
Oracle Corporation0.51%0.86%-0.35%
United Rentals, Inc.0.50%0.04%0.46%
Itron, Inc.0.49%0.00%0.49%
Tetra Tech, Inc.0.49%0.01%0.48%
Marvell Technology, Inc.0.48%0.02%0.47%
Starbucks Corporation0.44%0.27%0.17%
Trimble Inc.0.42%0.00%0.42%
First Solar, Inc.0.36%0.00%0.36%
Nextracker Inc. Class A0.31%0.00%0.31%
BioNTech SE Sponsored ADR0.19%0.00%0.19%

Exposures

GICS Sector Allocations (%)Active Weight
Information Technology
3.94%
Consumer Discretionary
-2.12%
Communication Services
-2.32%
Financials
0.74%
Industrials
2.07%
Health Care
-2.40%
Real Estate
1.02%
Utilities
1.22%
Materials
0.56%
Consumer Staples
-2.64%
Energy
-0.41%
01020304050
Alger Responsible Investing FundRussell 1000 Growth Index
(as of 5/31/2025)
Region (%)Active Weight
North America
-5.93%
Europe
2.57%
Latin America
1.47%
Asia/Pacific Ex Japan
1.53%
0102030405060708090
Alger Responsible Investing FundRussell 1000 Growth Index
(as of 5/31/2025)
Country (%)Active Weight
United States
-5.93%
Argentina
1.64%
Sweden
1.20%
Taiwan
1.53%
Netherlands
1.21%
Germany
0.16%
Brazil
-0.14%
Peru
-0.03%
0102030405060708090
Alger Responsible Investing FundRussell 1000 Growth Index
(as of 5/31/2025)
Market Capitalization (%)
> $50B
$15B - $50B
$7.5B - $15B
$1.5B - $7.5B
$750M - $1.5B
< $750M
0102030405060708090
Alger Responsible Investing FundRussell 1000 Growth Index
(as of 3/31/2025)
Alger Responsible Investing Fund
Equity Holdings99.92%
Cash0.05%

Attribution (Gross)

(for 1-Year Period ended x/x/xx)
(for 1-Year Period ended 3/31/2025)
Alger Responsible Investing FundRussell 1000 GrowthAttribution
Analysis
Average
Weight (%)
Contribution to
Return (%)
Average
Weight (%)
Contribution to
Return (%)
Total
Effect (%)
Financials7.181.436.440.980.54
Materials1.070.160.64-0.010.20
Communication Services9.301.3213.011.530.14
Utilities1.260.140.180.06-0.05
Energy0.000.000.450.14-0.11
Consumer Staples1.85-0.033.640.22-0.15
Real Estate1.66-0.150.590.04-0.22
Consumer Discretionary13.480.3314.640.99-0.63
Health Care8.96-0.498.16-0.04-0.74
Industrials6.67-0.334.740.09-0.78
Information Technology48.172.2047.523.77-1.03
(for 1-Year Period ended x/x/xx)
(for 1-Year Period ended x/x/xx)
(for the quarter ended 3/31/2025)
ContributorsDetractors
Visa Inc. Class ANVIDIA Corporation
Vertex Pharmaceuticals IncorporatedMicrosoft Corporation
Spotify Technology SAAmazon.com, Inc.
MercadoLibre, Inc.Apple Inc.
Amgen Inc.Vertiv Holdings Co. Class A

Risk Metrics

(as of 3/31/2025)
Alger Responsible Investing FundRussell 1000 Growth Index
Alpha (5 Year)-3.560.00
Beta (5 Year)1.001.00
R-Squared0.981.00
Sharpe Ratio0.690.87
Information Ratio-1.27-
Capture Ratio0.881.00