Alger Small Cap Growth Fund Class Y (ASCYX)

Overview

The described fund is a financial entity focused on investing primarily in equity securities or stocks of companies that are characterized as small-cap, as determined by their inclusion within the market capitalization range of the Russell 2000 Growth Index at the time of the investment. This index is well-regarded as a measure of small-cap company performance in the United States, highlighting those companies believed to have growth potential. By concentrating investments in companies that fit within this specific market cap range, the fund aims to capitalize on the growth prospects of smaller, potentially faster-moving companies.

Furthermore, while the fund showcases a diverse investment approach by considering a broad spectrum of sectors, it does signal the possibility of focusing a significant portion of its resources into companies operating within specific sectors, namely information technology, health care, and consumer discretionary. This strategic allocation suggests a higher risk tolerance to leverage the growth and innovation typically seen within these sectors. The strategy adheres to a disciplined investment process, with at least 80% of its net assets (plus any borrowings for investment purposes) being directly invested into the aforementioned equity securities of small-cap companies.

Products and Services

• Equity Securities Investment

  Focusing on small-capitalization companies, it invests in equity securities or stocks, aiming to benefit from the growth potential of these enterprises. By targeting companies within the market capitalization range of the Russell 2000 Growth Index, the fund seeks to identify and invest in those with appealing growth prospects, actively managing the portfolio to adapt to changing market conditions and opportunities within the small-cap universe.

• Sector-Specific Investment Focus

  Although it maintains a diversified portfolio, the fund may allocate a considerable portion of its investments to companies operating within specific sectors such as information technology, health care, and consumer discretionary. This focus is based on the belief that these sectors offer higher growth potential due to constant innovation and market demand dynamics. By leveraging in-depth research and sector analysis, the fund positions itself to take advantage of trends and developments that may lead to superior investment returns.