Alger Spectra Fund Quote
| ASPIX Fund | USD 28.45 0.55 1.97% |
PerformanceVery Weak
| Odds Of DistressLow
|
Alger Spectra is trading at 28.45 as of the 1st of March 2025; that is 1.97 percent increase since the beginning of the trading day. The fund's open price was 27.9. Alger Spectra has about a 21 % chance of experiencing some form of financial distress in the next two years of operation but has generated negative returns over the last 90 days. The performance scores are derived for the period starting the 30th of January 2025 and ending today, the 1st of March 2025. 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 | 31st of December 2024 |
Alger Spectra Fund [ASPIX] is traded in USA and was established 1st of March 2025. 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 presently has accumulated 6.64 B in assets under management (AUM) with no minimum investment requirementsAlger Spectra is currently producing year-to-date (YTD) return of 2.72%, while the total return for the last 3 years was 17.02%.
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 | |
| CMCSA | Comcast Corp | Stock | Communication Services | |
| GOOG | Alphabet Inc Class C | Stock | Communication Services | |
| 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 |
Alger Spectra Risk Profiles
| Mean Deviation | 1.34 | |||
| Standard Deviation | 1.83 | |||
| Variance | 3.35 | |||
| Risk Adjusted Performance | (0.03) |
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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