Alger Dynamic Opportunities Fund Class C is a long-short equity mutual fund that seeks to achieve long-term capital appreciation by investing in both U.S. and international equity securities. Utilizing a dynamic approach, the fund takes positions in common and preferred stocks, and employs both long and short strategies to potentially benefit from rising and falling market conditions. Its investment style leans toward mid-cap growth companies, and it maintains a relatively high portfolio turnover, reflecting an active management philosophy. The fund is notable for its diversified sector exposure, with recent top holdings spanning industries such as technology, healthcare, consumer cyclicals, and industrials. Additionally, a substantial portion of the portfolio may be held in cash or equivalents, allowing for tactical flexibility. Alger Dynamic Opportunities Fund Class C aims to outperform conventional equity benchmarks while offering investors the ability to participate in equity market gains and hedge against downturns, positioning itself as a versatile component in a diversified portfolio. Its fee structure ranks on the higher end, which is an important consideration for investors evaluating cost efficiency relative to similar long-short equity offerings.
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