Alger Capital Appreciation Institutional Fund Class I (ALARX)
NASDAQ NASDAQ Primary Summary
ALARX Chart
Alger Capital Appreciation Institutional Fund Class I Dividends
| ALAR ALARX In 5 months Estimated | Annual | $5.74 Per Share |
| ALAR ALARX 6 months ago Paid | Annual | $5.74 Per Share |
| ALAR ALARX 14 Dec 2023 Paid | Other | $2.68 Per Share |
| ALAR ALARX 15 Dec 2022 Paid | Other | $0.98 Per Share |
| ALAR ALARX 15 Dec 2021 Paid | Annual | $8 Per Share |
| ALAR ALARX 16 Dec 2020 Paid | Other | $6.94 Per Share |
Alger Capital Appreciation Institutional Fund Class I Earnings
| ALAR ALARX In 5 months Estimated | Annual | $5.74 Per Share |
| ALAR ALARX 6 months ago Paid | Annual | $5.74 Per Share |
| ALAR ALARX 14 Dec 2023 Paid | Other | $2.68 Per Share |
| ALAR ALARX 15 Dec 2022 Paid | Other | $0.98 Per Share |
| ALAR ALARX 15 Dec 2021 Paid | Annual | $8 Per Share |
| ALAR ALARX 16 Dec 2020 Paid | Other | $6.94 Per Share |
Alger Capital Appreciation Institutional Fund Class I (ALARX) FAQ
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Alger Capital Appreciation Institutional Fund Class I Profile
| NASDAQ Exchange | US Country |
Overview
The company specializes in investment management with a strategic focus on dividend-paying equity securities. It targets growing companies with a substantial market presence, evidenced by a market capitalization equal to or greater than the companies included in the S&P 500 Index. This guideline ensures that the investments are made into well-established businesses capable of sustaining growth and profitability. The fund’s investment strategy is bifurcated, with a primary allocation of at least 65% of its total assets in equities that pay dividends, aiming to provide investors with a steady income stream alongside capital appreciation. To diversify their investment portfolio and mitigate risk, the fund may allocate up to 35% of its total assets in equities that do not pay dividends, money market instruments, and repurchase agreements. This blend of investment focuses not only on generating returns but also on capital preservation, making it a viable option for investors seeking a balanced investment strategy.
Products and Services
- Dividend-Paying Equity Securities Investment
Consisting of at least 65% of the fund’s total assets, this service focuses on investing in equity securities of companies that offer dividends. The primary objective is to generate a steady income stream for investors through dividends, a portion of a company's profit paid to shareholders. This service targets companies with a strong market position and financial health that can sustain continuous dividend payments.
- Equity Securities Without Dividends and Money Market Instruments
Up to 35% of the fund’s total assets may be invested in equity securities that do not pay dividends, alongside money market instruments and repurchase agreements. This aspect of the service is designed to balance the portfolio by investing in companies with potential for capital appreciation but that currently do not pay dividends, and in lower-risk money market instruments. This diversification strategy aims to mitigate risk and provide capital preservation, while still offering the potential for growth.
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