ALGER SPECTRA FUND
ALGER FUNDS II · 5 share classes
Fund classification
Classified from what the fund holds · as of 2026 Q2
ALGER SPECTRA FUND is an actively managed U.S. equity fund.
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
Fund profile
As filed in the prospectus · 2026 Q1
Alger Spectra Fund seeks long-term capital appreciation.
The fund invests in equity securities of companies of any size that the manager identifies as undergoing Positive Dynamic Change, either through high unit volume growth or positive lifecycle shifts such as new regulations, product innovation, or management changes. The fund may sell securities short, use leverage to purchase additional securities, and concentrate significantly in single sectors including information technology, consumer discretionary, and communication services. Because performance depends on the manager's selection of companies demonstrating promised growth that may not materialize, results will diverge from broad market returns. The fund may hold up to 15% in cash during periods of market volatility or when attractive investments are unavailable.
| Share class | Gross | Net |
|---|---|---|
| SPECX | 1.53% | — |
| ASPCX | 2.30% | — |
| ASPIX | 1.54% | — |
| ASPZX | 1.23% | 1.18% |
| ASPYX | 1.22% | 1.12% |
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Portfolio turnover 51.13% · as of 2026 Q1
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Stocks | 100.93% |
| Cash & short-term | 0.10% |
| Derivatives | 0.01% |
Look-through blends 3 underlying funds; -2.271% of NAV was not looked through and stays direct-classified.
Sector allocation
The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2
| Information Technology | 42.6% |
| International | 12.5% |
| Consumer Discretionary | 12.1% |
| Communication Services | 10.0% |
| 9 smaller | 22.8% |
Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).
Latest quarter
What changed since the fund's previous filing
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
| Share class | 1-year | 3-year | 5-year | Vol | Worst fall |
|---|---|---|---|---|---|
| +47.28% | +94.87% | +92.01% | 25.05% | -15.41% | |
| +46.10% | +92.13% | +91.23% | 25.03% | -15.54% | |
| +47.25% | +95.68% | +95.24% | 25.06% | -15.41% | |
| +47.82% | +97.34% | +96.91% | 25.06% | -15.36% | |
| +47.90% | +97.66% | +97.23% | 25.06% | -15.36% |
These classes hold the same portfolio, so the 6.00pp spread over 5 years is the cost difference between them — roughly 1.20pp a year — not a difference in what they own.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Reported price | Value | Shares |
|---|---|---|---|---|---|
| NVDA | NVIDIA CORPNVDA | 15.80% | $199.57 | $678.53M | 3.4M |
| MSFT | MICROSOFT CORPMSFT | 9.00% | $407.78 | $386.61M | 948.1K |
| AMZN | AMAZON.COM INCAMZN | 8.72% | $265.06 | $374.53M | 1.4M |
| AAPL | APPLE INCAAPL | 6.09% | $271.35 | $261.58M | 964.0K |
| META | META PLATFORMS INCMETA | 5.62% | $611.91 | $241.38M | 394.5K |
| GOOG | ALPHABET INCGOOG | 4.71% | $381.94 | $202.23M | 529.5K |
| AVGO | BROADCOM INCAVGO | 4.11% | $417.43 | $176.60M | 423.1K |
| — | NEBIUS GROUP NV | 4.06% | $138.23 | $174.38M | 1.3M |
| TSM | TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LTDTSM | 4.00% | $396.06 | $171.87M | 433.9K |
| TSLA | TESLA INCTSLA | 3.28% | $381.63 | $140.86M | 369.1K |
Reported price is the fund's own reported value divided by its own reported shares at 2026-04-30 — not a live quote, and not what the fund paid.
Top 10 positions are 65.41% of net assets, top 25 88.98%, across 125 issuers.
See more of this fund's book
More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.
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