5 / 5 Stars
Zacks Investment Research
Standard & Poor's
2 / 5 Stars
U.S. News evaluated 463 Large Growth Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
The fund has returned 29.68 percent over the past year, 17.46 percent over the past three years, 21.03 percent over the past five years, and 12.06 percent over the past decade.
|Trailing Returns||Updated 10.31.2013|
|Year to date||26.9%|
|3 Years (Annualized)||17.5%|
|5 Years (Annualized)||21.0%|
|10 Years (Annualized)||12.1%|
The investment seeks long-term capital appreciation. The fund invests primarily in the equity securities of companies of any size that Fred Alger Management, Inc. believes demonstrate promising growth potential. It can leverage, that is borrow money to purchase additional securities. The fund can also invest in derivative instruments. It may sell securities short, which is the sale of a security the fund does not own.
Fees are Average compared to funds in the same category.
Alger Spectra Fund has an expense ratio of 1.20 percent.
Risk is Above Average compared to funds in the same category according to Morningstar.