Fund Evaluator:
Alger 35 Z (ATVPX)
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Best Performing in Large Growth Over the Last Year
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Fund Details
Alger 35 Z Overview
Alger 35 Z (ATVPX) is an actively managed U.S. Equity Large Growth fund. Alger launched the fund in 2018.
The investment seeks long-term capital appreciation. Under normal circumstances, the fund invests in a 35-stock portfolio of equity securities of companies of any market capitalization that the manager believes are undergoing Positive Dynamic Change. Equity securities include common or preferred stocks, or securities convertible into or exchangeable for equity securities, including warrants and rights. The fund may invest in companies whose securities are traded on domestic or foreign exchanges. It is non-diversified.
About Alger 35 Z (ATVPX)
There are 2 members of the management team with an average tenure of 5.53 years: George Ortega (2024), Daniel Chung (2018). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and Russell 3000 Growth TR USD index with a weighting of 100%. Alger 35 Z has 36 securities in its portfolio. The top 10 holdings constitute 59.6% of the fund’s assets. The fund meets the SEC requirement of being classified as a nondiversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Alger 35 Z is part of the Equity global asset class and is within the U.S. Equity fund group. Alger 35 Z has 10.9% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 80.3%. There is 10.9% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Alger 35 Z has 3.6% of the portfolio in cash.
Assets Under Management
The fund has $48 million in total assets, which is below the $2 billion average for the Large Growth category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
ATVPX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Alger 35 Z expense ratio is average compared to funds in the Large Growth category. Alger 35 Z has an expense ratio of 0.55%, which is 43% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Alger 35 Z has a portfolio turnover rate of 189%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 55% for the Large Growth category.
Recently, in the month of August 2026, Alger 35 Z returned 3.2%, which earned it a grade of C, as the Large Growth category had an average return of 3.3%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Alger 35 Z has a trailing yield of 0.00%, which is below the 0.06% category average. The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Alger 35 Z Grades
Year to date, the fund has returned 16.9%, 9.7 percentage points better than the category, which translates into a grade of A. The fund has returned 27.1% over the past year (grade of A), 38.4% over the past three years (grade of A) and 12.7% per year over the past five years (grade of A).
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ATVPX Trailing NAV Total Returns Data as of 8/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| ATVPX Return (NAV) | 3.2% | -1.6% | 27.1% | 38.4% | 12.7% | na |
| ATVPX Grade | C | C | A | A | A | na |
| +/- Category | -0.1% | -0.4% | 15.2% | 18.5% | 4.0% | na |
| Large Growth Avg | 3.3% | -1.2% | 12.0% | 20.0% | 8.6% | 15.7% |
| ATVPX Tax Cost Ratio | na | na | 6.0% | 2.1% | 2.8% | na |
ATVPX Annual NAV Total ReturnsData as of 8/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| ATVPX Return (NAV) | 16.9% | 33.2% | 51.3% | 31.4% | -36.4% | 9.9% | 67.9% | 30.6% | na | na | na |
| ATVPX Grade | A | A | A | F | D | F | A | D | na | na | na |
| +/- Category | 9.7% | 17.5% | 21.7% | -7.3% | -4.3% | -10.3% | 25.8% | -2.6% | na | na | na |
| Large Growth Avg | 7.2% | 15.7% | 29.6% | 38.7% | -32.1% | 20.2% | 42.1% | 33.2% | -0.7% | 29.8% | 2.7% |
| Risk Measures | |
| Standard Deviation: | 24.2% |
| Total Risk Index: | 1.99 - High |
| Category Risk Index: | 1.37 - High |
| Category Risk Grade: | F (98% Rank) |
| Beta: | 1.66 |
| R-Squared: | 78% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Growth |
| Bond Investment Style: | na |
| Yield: | 0.0% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $48 Mil |
| Fund Total Assets: | $ 48 Mil |
| Share Class Type: | Other |
| Portfolio Turnover: | 189% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 8.4 years | |||
| Average Tenure: 5.5 years | |||
| Managers (Year): Chung Daniel (2018), Ortega George (2024) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 36 |
| % in Top 10 Holdings: | 59.6% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 10.9% |
Portfolio Allocation |
|
| Domestic Stock: | 80.3% |
| Foreign Stock: | 10.9% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 5.3% |
| Cash: | 3.6% |
Purchase Information
| Fund Family: | Alger |
| Phone Number: | 800-992-3863 |
| Website: | www.alger.com |
| Status: | Open |
| Inception Date: | March 29, 2018 |
| Min. Initial Purchase: | $500,000 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.55% ( Rating : Avg ) |
| Category Average Expense Ratio (%): | 0.96% |
| Share Class: | Alger 35 Z |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
