Alger Spectra Fund Class A
SPECX
NASDAQ37.45
USD
-0.59
- -
CIK
0000092751
ISIN
US0155661020
CUSIP
015566102
Return %
Stock
S&P500
1Y
18.70
19.01
3Y
99.73
65.48
5Y
15.44
72.20
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Daniel C. ChungBiography
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- New York NY 10010 Rockville MD United States of America 20852
- IPO Date
- Dec 21, 1995
- CIK
- 0000092751
- Website
- spectrumfunds.com
- Similar Companies
- Business
- Alger Spectra Fund Class A (SPECX) is an open-end mutual fund managed by Fred Alger Management, LLC, that seeks long-term capital appreciation by investing primarily in domestic and foreign equity securities of companies undergoing Positive Dynamic Change, with a focus on large-cap growth stocks. The fund employs a growth-style investment strategy, emphasizing U.S. stocks (approximately 89% of assets), non-U.S. stocks (around 10%), and minimal allocations to cash or other assets; it maintains a diversified portfolio of about 137 holdings, including top positions in technology and innovation-driven companies, across sectors such as information technology, consumer discretionary, and healthcare. SPECX offers Class A shares with a front-end sales load, daily pricing, and is available to retail and institutional investors through brokerages like Schwab, Fidelity, and Vanguard. Fred Alger Management, LLC, founded in 1964 and headquartered at 360 Park Avenue South in New York City, pioneers growth equity investment management, providing a suite of products including mutual funds like SPECX (launched July 28, 1969), ETFs, UCITS, institutional separate accounts, and collective investment trusts targeting large-cap, mid-cap, small-cap, international, and emerging markets. The firm operates globally with affiliate offices in Boston, Denver, and London, serving U.S. and non-U.S. institutional investors and financial advisors focused on disruptive growth opportunities. As of late 2025, Alger manages approximately $32.8 billion in assets, with its ETF suite surpassing $600 million in assets under management in October 2025. In recent developments, Alger acquired Redwood Investments, a Boston-based international growth equity specialist, in early 2024, enhancing its non-U.S. capabilities; Redwood now serves as sub-advisor for Alger's International Focus, Emerging Markets, and Global Focus funds. The firm expanded its international footprint with a London office build-out and sales presence in Singapore, aligning with its growth in global and emerging markets strategies. Additionally, Alger's ETFs achieved strong performance in 2025, with several outperforming the S&P 500 by over 21 percentage points year-to-date as of September 30, 2025, underscoring its focus on AI and technology-driven innovation.