Alger Weatherbie Specialized Growth Fund Class Y (ASYMX)

Overview

The fund primarily focuses on investing in equity securities, specifically targeting smallcap and midcap companies. These companies are defined by their market capitalization, which aligns with the ranges set by the Russell 2500 Growth Index and the Russell Midcap Growth Index. This investment strategy mandates that at least 80% of the fund's net assets, alongside any borrowed funds intended for investment purposes, are invested in these types of securities. The scope of investment includes both common or preferred stocks, and the fund is open to investing in companies not just within the U.S. but also those listed on foreign exchanges. This approach reflects a diversified investment methodology aimed at leveraging the growth potential of small and mid-sized companies.

Products and Services

• Equity Securities of Smallcap Companies

  Investments are targeted towards smallcap companies that align with the market capitalization range of those included in the Russell 2500 Growth Index as of the most recent quarter-end. These investments aim at capitalizing on the growth potential of smaller companies with possibly higher growth trajectories compared to larger corporations.

• Equity Securities of Midcap Companies

  Similarly, the fund invests in midcap companies, with market capitalization within the range defined by the Russell Midcap Growth Index as of the latest quarter-end. This focus on midcap companies is based on the potential for moderate to high growth, potentially offering a balanced risk-to-reward ratio for investors looking for growth opportunities while managing investment risk.

• Common and Preferred Stocks

  The fund's investment options include both common and preferred stocks listed on U.S. or foreign exchanges, providing a broad spectrum of equity investment opportunities. This allows for diversified portfolio construction that can mitigate risk while seeking growth across different sectors and geographies.