Alger Focus Equity Fund Class I
ALGRX
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ROIC.AI
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- Alger Focus Equity Fund Class I (ALGRX) is an actively managed open-end mutual fund that seeks long-term capital appreciation by investing at least 80% of its net assets in equity securities of growth companies undergoing positive dynamic change, with a focus on a concentrated portfolio of 30 to 60 high-conviction large-cap stocks, primarily in technology, communications, and consumer sectors; it emphasizes issuers with broad product lines, promising growth potential, and market capitalizations generally above $1 billion. The fund, classified in the large growth category, allocates approximately 86% to U.S. stocks, 12% to non-U.S. stocks, and maintains sector exposures including information technology, consumer discretionary, and health care, with top holdings often featuring leading AI and innovation-driven firms such as NVIDIA and other Magnificent Seven names. Managed by Patrick Kelly since December 2012 and Ankur Crawford since March 2021 under Fred Alger Management, LLC, a pioneer in growth-style investing founded in 1964 and headquartered at 100 Pearl Street in New York City, the fund has total net assets exceeding $4.5 billion as of late 2025 and is available to U.S. investors with a net expense ratio of 0.94%. Recent accolades include ranking #1 by The Wall Street Journal and top performance in 2024 with a 54.53% return, outperforming its benchmark and peer average. In the past 1-2 years, the fund has benefited from parent firm Fred Alger Management's strategic expansions, including the January 2024 acquisition of Redwood Investments, LLC for enhanced international growth equity expertise; launches of new offerings like the Alger Russell Innovation ETF (INVN), Alger AI ETF (ALAI), and Alger Concentrated Equity ETF (CNEQ) in 2024; introduction of the Alger International Small Cap Fund (AFAIX) sub-advised by Redwood; and surpassing $600 million in ETF assets under management by October 2025. These developments underscore Alger's ongoing commitment to innovation-themed strategies amid accelerating AI adoption, with no reported name changes or major reorganizations specific to ALGRX.