26.31 Up +0.16 +0.61%
DETAILS
Symbol Value ($)
Morningstar Rating
Previous Close 26.15
Category Small Growth
Net Assets 32.14 Mil
Yield 0.00%
Morningstar Risk Average
Morningstar Return Below Average
  • Last NAV update 8/29/2014 4:00 PM ET
INVESTMENT OBJECTIVE
NA
The investment seeks long-term capital appreciation. The fund invests at least 80% of its net assets in equity securities of companies that, at the time of purchase of the securities, have total market capitalization within the range of companies included in the Russell 2000 Growth Index or the S&P SmallCap 600 Index, as reported by the indexes as of the most recent quarter-end. Both indexes are broad indexes of small capitalization stocks. It can also invest in derivative instruments.
CUMULATIVE PERFORMANCE OF $10,000
  2010 2011 2012 2013 2014
Return 25.01% -3.39% 11.85% 33.53% -1.94%
Value ($) 12,501.16 12,077.84 13,508.56 18,037.40 17,687.81
  • Year to date performance as of 8/29/2014 12:00 AM ET
MANAGEMENT & PURCHASE INFO
Symbol Value ($)
Fund Family Alger
Fund Manager Jill Greenwald
Tenure (Years) 13
Fund Status Closed
Minimum Initial Purchase 0.00
Minimum IRA Investment NA
Front Load 0.00
Expense Ratio 1.73%
PERFORMANCE
Symbol Value ($)
1 Month 2.73%
3 Months 2.65%
1 Year 7.12%
3 Years* 15.49%
5 Years* 14.39%
  • * Annualized returns
  • Performance as of 8/29/2014 12:00 AM ET
PEER COMPARISON
  ASIRX Small Growth
5-Yr Return 14.39% 17.16%
Sharpe Ratio 0.95 0.63
Net Assets 32.14 Mil 283.20 Mil
Avg Market Cap 2.28 Bil 2.68 Bil
Avg P/E 23.29 25.14
Portfolio Turnover 77 81
HOLDINGS
Symbol Value ($)
Stocks 97.03%
Cash 2.79%
Fixed Income 0.00%
Other 0.18%
DATA PROVIDERS

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Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.

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[BRIEFING.COM] Equity indices closed out the month of August on a modestly higher note. The Russell 2000 (+0.6%) and Nasdaq Composite (+0.5%) finished ahead of the S&P 500 (+0.3%), which extended its August gain to 3.8%. Blue chips lagged with the Do ... More
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