The Alger Spectra Fund is managed by a seasoned team led by Patrick Kelly, CFA, who has served as lead portfolio manager since 2004 with over 17 years of tenure managing the fund. Kelly is joined by Ankur Crawford, Ph.D., who has been a portfolio manager since 2015 and has been recognized as a top woman in asset management for her analytical expertise and investment acumen. Daniel Chung serves as the third portfolio manager since 2021 and also holds the position of CEO of Fred Alger Management, bringing executive leadership perspective to the investment process. The management team operates within Fred Alger Management, LLC, a firm founded in October 1964 that has maintained its independence as a privately-owned investment advisory firm for over 60 years.

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The Alger Spectra Fund follows Fred Alger Management's core investment philosophy focused on companies undergoing 'Positive Dynamic Change.' This approach targets companies demonstrating either high unit volume growth or positive life cycle changes driven by catalysts such as new management, innovation, or market disruption. The investment process is built on independent, bottom-up fundamental research conducted by sector-specialist analysts. The firm utilizes proprietary analytical tools including the Alger Rating System and the Alger Psych Line to evaluate companies based on revenue growth, earnings power, market dominance, and balance sheet strength. ESG factors are integrated into the investment process, with at least 75% of assets undergoing ESG review. The fund maintains concentrated positions in its highest-conviction ideas, with top 10 holdings typically representing 66-68% of total assets. This concentrated approach reflects the management team's confidence in their research-driven stock selection process. The strategy emphasizes long-term growth potential while maintaining an active trading approach with portfolio turnover ranging from 51% to over 100%. The fund targets large-cap growth companies primarily in the U.S. market, with technology and consumer sectors representing significant allocations.

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