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Alger Growth Opportunities A (AOFAX) Fund Ranking and Research

Ranking, Research and Recommendation of Alger Growth Opportunities A (AOFAX) Fund

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Graph of Alger Growth Opportunities A Fund (AOFAX) ManagerFund Manager - Amy Y. Zhang

Fund Manager Information

Fund Manager Tenure: 5.0 years
Similar Funds: AOFCX  AOFIX 
Fund Family: Alger
Fund Category: Small Growth
Fund Performance: May 30, 2016
Fundmojo Fund Grade: C (Score: 0.56)     (What does this score mean?)

 

Graph of Alger Growth Opportunities A Fund (AOFAX) ProfileAlger Growth Opportunities A Fund (AOFAX) Profile

Fund Profile and Description

Alger Growth Opportunities A Fund seeks long-term capital appreciation. Alger Growth Opportunities A Fund invests primarily in equity securities of small, fast-growing companies that the manager believes offer innovative products, services or technologies to a rapidly-expanding marketplace. Although it may invest without limit in companies of any size, the fund focuses on companies that, at the time of purchase, have a total market capitalization not exceeding the highest market capitalization of companies included in the Russell 2500 Growth index. It can leverage, that is, borrow money to buy additional securities.

 

Alger Growth Opportunities A (AOFAX) Fund Strength What we like about Alger Growth Opportunities A (AOFAX) Fund

Data for Alger Growth Opportunities A Fund (AOFAX) as of May 30, 2016

  • Alger Growth Opportunities A Fund (AOFAX) management has been with Alger Growth Opportunities A Fund for 5.0 years
  • Alger Growth Opportunities A Fund (AOFAX) has good short-term performance (1-year return -6.48% vs -7.74% Small Growth category median performance)
  • Alger Growth Opportunities A Fund (AOFAX) ratio of up-years vs down years is greater than 2
  • Asset base in Alger Growth Opportunities A Fund (AOFAX) has been consistently increasing at a reasonable pace in the last 2 months. It shows investor confidence and market support
  • Alger Growth Opportunities A Fund (AOFAX) is less volatile than its peers as it has a 3-year Standard Deviation of 15.11, lower than category average of 15.82

Alger Growth Opportunities A Fund (AOFAX) Weakness What we are cautious about Alger Growth Opportunities A (AOFAX) Fund

Data for Alger Growth Opportunities A Fund (AOFAX) as of May 30, 2016

  • Alger Growth Opportunities A Fund (AOFAX) has a less-than-ideal mid-term performance (3-year return 6.02% vs 6.86% Small Growth category median performance)
  • Alger Growth Opportunities A Fund (AOFAX) has a less-than-ideal Long-term performance (5-year return 5.95% vs 7.01% Small Growth category median performance)
  • Alger Growth Opportunities A Fund (AOFAX) has a Morningstar rating of 3 and below
  • Alger Growth Opportunities A Fund (AOFAX) has an annual stock turnover rate of 162.44% that is higher than the Small Growth average of 63.11%. This could mean Alger Growth Opportunities A is more nimble, but also signal potential high tax impact and high trading fees
  • Alger Growth Opportunities A Fund (AOFAX) does not have a good risk adjusted return as its 3-year Alpha of -4.35 is worse than category average of -3.8, and its 3-year Sharpe ratio is 0.46
  • Alger Growth Opportunities A Fund (AOFAX) has a higher expense ratio of 1.60% than its Small Growth average of 1.31%
  • Alger Growth Opportunities A Fund (AOFAX) carries a 5.25% load
See Alger Growth Opportunities A Fund (AOFAX) performance details as of May 30, 2016

 

What do you think?

 

Compare Alger Growth Opportunities A Fund (AOFAX)Compare with other top Small Growth category mutual funds

Aadditional top Small Growth mutual funds for your consideration

FundYear to Date1 Year3 year5 year
Alger Growth Opportunities A-2.95-6.486.025.95
Thrivent Small Cap Stock A (AASMX)5.33-2.128.136.23Compare
Invesco Small Cap Growth A (GTSAX)2.31-6.349.449.20Compare
Brown Advisory Small-Cap Growth Inv (BIASX)1.441.9610.719.36Compare

See top fund managers for Small Growth Category Funds

 

Compare Alger Growth Opportunities A Fund (AOFAX)Compare with Small Growth category ETFs

Some Small Growth ETFs for your consideration

ETFYear to DateOne YearThree Year
First Trust Small Cap Gr AlphaDEX ETF (FYC)2.08%0.72%8.41%
iShares S&P Small-Cap 600 Growth (IJT)3.38%0.39%10.55%
SPDR S&P 600 Small Cap Growth ETF (SLYG)3.30%0.18%10.49%
Vanguard S&P Small-Cap 600 Growth ETF (VIOG)2.78%0.08%10.38%
Vanguard Small-Cap Growth ETF (VBK)000

 

Graph of Alger Growth Opportunities A Fund (AOFAX) Net Asset TrackingAlger Growth Opportunities A (AOFAX) Fund Net Asset

Track net asset change of Alger Growth Opportunities A fund (AOFAX)

DateNet Asset
05/2016$108.77M
03/2016$99.82M
02/2016$94.64M
More historic net asset information on Alger Growth Opportunities A Fund (AOFAX)

  

Graph of Alger Growth Opportunities A Fund (AOFAX) Portfolio TrackingAlger Growth Opportunities A (AOFAX) Fund Portfolio Allocation

Track portfolio allocation change of Alger Growth Opportunities A fund (AOFAX)

DateCashStockBondOther
03/20162.58%97.39%0%0.03%
01/20162.76%97.18%0%0.06%
12/20156.77%93.17%0%0.06%
Click here to see more historic asset allocation information on Alger Growth Opportunities A Fund (AOFAX)

 

graph of Alger Growth Opportunities A Fund (AOFAX) Top 10 Position TrackingTop 10 Holdings in Alger Growth Opportunities A (AOFAX) Fund

Discover what Alger Growth Opportunities A Fund (AOFAX) manager is buying

Mar 30, 2016
Neogen Corporation [5.17%]
Manhattan Associates, Inc. [4.44%]
Tyler Technologies, Inc. Common [4.41%]
Cantel Medical Corp. Common Sto [3.94%]
Balchem Corporation [3.76%]
Sun Hydraulics Corporation [3.61%]
Stamps.com Inc. [3.54%]
Bio-Techne Corp [3.52%]
ABAXIS, Inc. [3.19%]
FEI Company [3.06%]

Jan 30, 2016
Cantel Medical Corp. Common Sto [4.28%]
Manhattan Associates, Inc. [4.06%]
Tyler Technologies, Inc. Common [4.05%]
Neogen Corporation [3.81%]
Stamps.com Inc. [3.66%]
Balchem Corporation [3.45%]
SolarWinds Inc [3.35%]
Bio-Techne Corp [3.19%]
Medidata Solutions, Inc. [3.17%]
FEI Company [3.11%]

Dec 30, 2015
Blackbaud, Inc. [3.53%]
Cantel Medical Corp. Common Sto [3.47%]
Stamps.com Inc. [3.37%]
Medidata Solutions, Inc. [3.24%]
Manhattan Associates, Inc. [3.17%]
CVENT, INC. Common Stock [3.11%]
SolarWinds Inc [3.05%]
Neogen Corporation [3.03%]
Tyler Technologies, Inc. Common [3.02%]
Bio-Techne Corp [2.95%]
Click here for Stock Holding Change Map in Alger Growth Opportunities A Fund (AOFAX)

  

Latest News on Alger Growth Opportunities A (AOFAX) Fund

See what is happening with Alger Growth Opportunities A Fund (AOFAX)

 

Alger Growth Opportunities A Fund (AOFAX) Related ResourcesSee more information on Alger Growth Opportunities A (AOFAX) Fund

Popular pages on Alger Growth Opportunities A (AOFAX) Fund

  

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