Fact sheet: Alger Dynamic Opportunities

Fund information
Fund name
Alger Dynamic Opportunities A Acc
Fund manager company
FundRock Management Company S.
Fund type
Offshore Fund
Fund managers
  • Patrick Kellysince 13/07/1994
  • Dan C. Chungsince 30/04/1994
  • Gregory S. Adamssince 14/05/2006
Fund objective
Hedged equity strategy seeking long term capital appreciation, downside protection, and lower volatility by primarily investing in long and short positions in equity securities of U.S. companies.
Benchmark
No data available.
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
-3.6%
1 Year rank in sector
421/471
Sector
FO Equity - International
Yield
-
Fund size
£39m (£39m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
98
Top in this sector
Fund name1 Year
Heptagon Kprnk GblAlCpEq41.2%
Schroder ISF Gbl Rec34.3%
Dodge & Cox Gbl Stk31.1%
Morg Stnly Global Discovery28.8%
Vanguard Gbl Small-Cap Idx28.8%
...more in FO Equity - International

Performance snapshot

Holdings snapshot

  • International100%
  • Information Technology30.1%
    Consumer Goods24.5%
    Others17.7%
    Health Care13.3%
    Financials8.7%
  • International Equities100%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund3.4%-0.8%0.4%-3.6%--
Sector2.2%-0.7%4%4%15.1%51.4%
Rank within sector181 / 500247 / 496349 / 486421 / 471--
Quartile2nd2nd3rd4th
Calendar performance
 YTD - 20162015201420132012
Fund-2.5%1.5%---
Sector4.8%0.7%6%21.3%12.7%
Rank within sector425 / 475213 / 427---
Quartile4th2nd
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
-
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
-
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
-
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
-
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
-
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
-
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
-
Price movement
52 week high10.38
52 week low9.27
Current bid price10.02
Current offer price10.66
Current mid price-
Region
1International100%
Industry sector
1Information Technology30.11%
2Consumer Goods24.54%
3Others17.7%
4Health Care13.25%
5Financials8.65%
6Industrials4.23%
7Energy1.52%
Asset type
1International Equities100%
Individual holdings
1ALPHABET INC3.57%
2APPLE INC2.86%
3AMAZON.COM INC2.7%
4VISA INC - CLASS A SHARES2.63%
5BIOTEQUE CORP2.51%
Management
Fund manager group
RBS
Fund manager company
FundRock Management Company S.
Fund type
Offshore Fund
Fund objective
Hedged equity strategy seeking long term capital appreciation, downside protection, and lower volatility by primarily investing in long and short positions in equity securities of U.S. companies.
Benchmark
No data available.
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Patrick Kelly13/07/1994Patrick Kelly is Senior Vice President and Manager of Alger's capital appreciation portfolio. Patrick began his career as an investment banking analyst with SG Cowen in 1997 and joined Alger in 1999 as a Research Associate beginning with the in-house training and Chartered Financial Analyst program. In early 2001, Patrick was promoted to Associate Analyst and Assistant Vice President, and in September of 2001 he was promoted to Senior Analyst. As a Senior Analyst, he is responsible for the Internet. Patrick was named Portfolio Manager of Alger's capital appreciation portfolios in September 2004. Patrick graduated with honors from Georgetown University in 1997.
Dan C. Chung30/04/1994Daniel C. Chung is Chief Executive Officer, Chief Investment Officer and Portfolio Manager of several Alger strategies. Dan joined Alger in 1994 and has 22 years of investment experience. He was named Chief Investment Officer in September 2001, President in 2003, and CEO in 2006. Dan graduated from Stanford University with B.A. and B.S. degrees, with Distinction and Phi Beta Kappa, in 1984. He earned his J.D. magna cum laude from Harvard Law School in 1987, where he was an editor of the Harvard Law Review. After law school, he served as law clerk for the Honorable Justice Anthony M. Kennedy, United States Supreme Court. He joined Simpson Thacher & Bartlett LLP in New York City in 1989 and earned an L.L.M. from New York University. Dan is a CFA charterholder and a member of the CFA Institute. Throughout his tenure at Alger, Dan has made numerous TV appearances on Bloomberg, CNBC, and Fox Business.
Gregory S. Adams14/05/2006Gregory Adams is Senior Vice President, Portfolio Manager of the Alger International Opportunities Fund and Director of Quantitative Strategy and Risk Management. Greg has 22 years of industry experience and joined Alger in May 2006. Previously he was Director of Quantitative Research at Lord Abbett & Co., and was responsible for portfolio construction simulation and quantitative stock selection. Over the course of his career, Greg was Managing Director and Portfolio Manager at Deutsche Asset Management and The Chase Manhattan Bank. At Deutsche, he was lead Portfolio Manager for the U.S. Large Cap Core Funds, including Scudder's flagship Growth & Income Fund. Greg began his tenure at Chase in 1987 as an equity analyst and was promoted to Co-Manager of the Chase Vista Balanced Fund and the Chase Vista Growth & Income Fund. In 1994, Greg was named Manager of the Chase Vista Large Cap Equity Fund. Greg earned a B.A. in American history from the University of Pennsylvania's School of Arts & Sciences. He graduated from The Wharton School with a B.S. in Economics and Finance. Greg is a CFA charterholder.
Compliance
Transparent for Austrian Tax, Reporting Fund Status, UCITS V Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Germany, Denmark, Spain, Finland, France, United Kingdom, Italy, Luxembourg, Netherlands, Offshore, Portugal, Singapore, Sweden
Alger Dynamic Opportunities A Acc
Initial charge6%
Annual charge1.75%
Min single investment£100
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price10.02
Offer price10.66
Mid price-
CurrencyUSD
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKP5Q
Alger Dynamic Opportunities A EUR
Initial charge6%
Annual charge1.75%
Min single investment£100
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.36
CurrencyEUR
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMK7K
Alger Dynamic Opportunities I-3
Initial charge-
Annual charge0.85%
Min single investment£100,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.27
CurrencyUSD
Price updated02/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKP5P
Alger Dynamic Opportunities I-3 EUR
Initial charge-
Annual charge0.85%
Min single investment£100,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.6
CurrencyEUR
Price updated02/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeMK7P
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