Alger Weatherbie Specialized Growth Fund Class A (ALMAX)

Overview

The company is primarily engaged in investing a significant portion of its assets in the equity securities of small-cap and mid-cap companies. With a strategy that involves allocating at least 80% of its net assets, in addition to any borrowings for investment purposes, it focuses on identifying opportunities within the small and mid-cap segments of the market. The selection criterion emphasizes companies that match the market capitalization range of those listed in the Russell 2500 Growth Index or the Russell Midcap Growth Index. This approach underscores the company's commitment to growth by investing in companies that have the potential for significant returns. By targeting these specific segments, the fund aims to offer its investors exposure to the growth potential of smaller companies while balancing the inherent risks associated with this market sector. Moreover, the inclusion of both U.S. and foreign exchanges in their investment scope broadens the diversity and the opportunity set available for capital appreciation.

Products and Services

Following are the primary investment vehicles and strategies utilized by the company:

• Equity Securities Investment:

  This forms the core of the company's investment strategy, focusing on the acquisition of common or preferred stocks across both U.S. and foreign exchanges. By channeling funds into companies that are positioned within the market capitalization range of either the Russell 2500 Growth Index or the Russell Midcap Growth Index, the company aims to leverage the growth potential inherent in small and mid-cap entities.

• Small-cap and Mid-cap Focus:

  In adherence to its strategic direction, the fund specifically targets small-cap and mid-cap companies for investment. This is based on the belief that such companies, by virtue of their size and growth stage, present unique opportunities for value appreciation. The indices used as benchmarks—namely the Russell 2500 Growth Index for small caps and the Russell Midcap Growth Index for mid-caps—serve as guides to identify suitable investment targets within the defined market capitalization range.