Alger Spectra Fund Quote
| SPECX Fund | USD 30.00 0.03 0.1% |
Performance14 of 100
| Odds Of DistressLess than 18
|
Alger Spectra is trading at 30.00 as of the 23rd of November 2024; that is 0.1% down since the beginning of the trading day. The fund's open price was 30.03. Alger Spectra has less than a 18 % chance of experiencing some financial distress in the next two years of operation and had a good performance during the last 90 days. Equity ratings for Alger Spectra Fund are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 24th of October 2024 and ending today, the 23rd of November 2024. Click here to learn more.
The fund invests primarily in the equity securities of companies of any size that the manager believes demonstrate promising growth potential. Equity securities include common or preferred stocks that are listed on U.S. or foreign exchanges. It may invest a significant portion of its assets in securities of companies conducting business within a single sector, including the information technology, consumer discretionary, and healthcare sectors.. More on Alger Spectra Fund
Moving together with Alger Mutual Fund
Alger Mutual Fund Highlights
| Fund Concentration | Alger Funds, Large Growth Funds, Large Growth, Alger (View all Sectors) |
| Update Date | 30th of September 2024 |
| Expense Ratio Date | 6th of April 2023 |
| Fiscal Year End | October |
Alger Spectra Fund [SPECX] is traded in USA and was established 23rd of November 2024. Alger Spectra is listed under Alger category by Fama And French industry classification. The fund is listed under Large Growth category and is part of Alger family. This fund at this time has accumulated 3.14 B in assets with no minimum investment requirementsAlger Spectra is currently producing year-to-date (YTD) return of 41.55%, while the total return for the last 3 years was 3.73%.
Check Alger Spectra Probability Of Bankruptcy
Instrument Allocation
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Alger Mutual Fund. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Alger Mutual Fund, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Alger Spectra Fund Mutual Fund, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top Alger Spectra Fund Mutual Fund Constituents
| AVGO | Broadcom | Stock | Information Technology | |
| AAPL | Apple Inc | Stock | Information Technology | |
| V | Visa Class A | Stock | Financials | |
| UPST | Upstart Holdings | Stock | Financials | |
| UNH | UnitedHealth Group Incorporated | Stock | Health Care | |
| TSLA | Tesla Inc | Stock | Consumer Discretionary | |
| TMUS | T Mobile | Stock | Communication Services | |
| QQQ | Invesco QQQ Trust | Etf | Large Growth |
Alger Spectra Risk Profiles
| Mean Deviation | 0.867 | |||
| Semi Deviation | 1.14 | |||
| Standard Deviation | 1.24 | |||
| Variance | 1.54 |
Alger Spectra Against Markets
Other Information on Investing in Alger Mutual Fund
Alger Spectra financial ratios help investors to determine whether Alger Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Alger with respect to the benefits of owning Alger Spectra security.
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