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15 important things you should know about Alger ACAAX mutual fund

Updated: Last Tuesday
67
Bull Case
  • 3-year return above the benchmark
  • 5-year return above the benchmark
  • 10-year return above the benchmark
  • 15-year return above the benchmark
Bear Case
  • High expense ratio
  • Sales load and/or distribution fees

Before we start: if you’re looking for ACAAX “stock” price, you can quickly find it out by visiting Finny and typing "ACAAX quote". If you’re looking for a quick scoop on ACAAX "stock" (price chart, key stats, buy or sell analysis and holdings), go to Finny and look for "ACAAX". You’ll get all this info in one place.

Are you looking to buy or sell ACAAX? Or perhaps you’re looking for ACAAX fact sheet, and learn about its alternatives? If so, you came to the right place.

In this ACAAX mutual fund review, we’ll address key questions our readers have been asking us about this fund, above and beyond what you can find in its prospectus, and on Morningstar or Yahoo Finance.

Here is what you’ll be able to find in this review:

  • Fact Sheet: ACAAX performance, returns, expense ratio, holdings and dividend yield;
  • Analysis: ACAAX buy or sell; the pros and cons of investing in ACAAX mutual fund;
  • Alternatives: other ETFs and mutual funds you should consider as alternatives to ACAAX.

And here is the list of questions we’ll answer:

  1. Describe Alger Funds: Alger Capital Appreciation Fund; Class A Shares (ACAAX).
  2. What are ACAAX holdings?
  3. What is ACAAX performance? What are ACAAX historical returns?
  4. How many up and down years did ACAAX have historically?
  5. What is ACAAX dividend yield?
  6. What is ACAAX minimum initial investment amount?
  7. What is ACAAX expense ratio?
  8. Does ACAAX have any sales loads or 12b-1 distribution expenses?
  9. What is ACAAX tax efficiency (tax-cost ratio)?
  10. What is ACAAX beta? How would you assess ACAAX risk?
  11. What is ACAAX Sharpe ratio?
  12. What is ACAAX Finny Score? ACAAX buy or sell?
  13. What are the pros of investing in ACAAX? What are ACAAX buy reasons?
  14. What are the cons of investing in ACAAX? What are ACAAX sell reasons?

So let’s start. Scroll down to the question that interests you the most.

Fact Sheet

1. Describe Alger Funds: Alger Capital Appreciation Fund; Class A Shares (ACAAX).

The Fund seeks long-term capital appreciation by investing in a diversified, actively managed portfolio of equity securities of companies of any size.

2. What are ACAAX top holdings?

ACAAX has 75 stock holdings and 0 bond holdings.

The top 10 holdings represent 53.10% of total assets. Here are the top holdings:

Name Symbol % Assets
Amazon.com Inc AMZN 9.96%
Microsoft Corp MSFT 9.84%
Apple Inc AAPL 5.64%
Alphabet Inc Class C GOOG 4.87%
Visa Inc Class A V 4.70%
Facebook Inc A FB 4.51%
Alibaba Group Holding Ltd ADR BABA 4.46%
Danaher Corp DHR 3.55%
Adobe Inc ADBE 2.83%
Salesforce.com Inc CRM 2.74%

3. What is ACAAX performance? What are ACAAX historical returns?

ACAAX has generated the following returns:

  • 1-month return is 3.39%;
  • 3-month return is 10.06%;
  • 1-year return is 41.58%;
  • 3-year return is 21.64%;
  • 5-year return is 17.89%;
  • 10-year return is 16.47%;
  • 15-year return is 13.62%.

4. How many up and down years did ACAAX have historically?

In the last 10 years, ACAAX had 8 up years and 2 down years.

ACAAX up and down years

5. What is ACAAX dividend yield?

ACAAX yield is 0%.

6. What is ACAAX minimum initial investment amount?

ACAAX minimum initial investment amount is $1.00K.

7. What is ACAAX expense ratio?

ACAAX expense ratio is 1.21%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

ACAAX expenses

8. Does ACAAX have any sales loads or 12b-1 distribution expenses?

ACAAX 12b-1 distribution fee is 0.25. ACAAX front-end sales load is 5.25. ACAAX back-end sales load is 0.

9. What is ACAAX tax efficiency (tax-cost ratio)?

  • 1-year ax cost ratio is 1.82%;
  • 3-year ax cost ratio is 1.94%.
ACAAX tax costs

10. What is ACAAX beta? How would you assess ACAAX risk?

  • 3-year beta is 1.00;
  • 5-year beta is 1.02;
  • 10-year beta is 1.04.
ACAAX Beta

11. What is ACAAX Sharpe ratio?

  • 3-year Sharpe ratio is 0.98;
  • 5-year Sharpe ratio is 0.85;
  • 10-year Sharpe ratio is 1.08.
ACAAX Sharpe ratio

Analysis

12. What is Finny Score? buy or sell?

Finny Score is 67. Our quantitative analysis shows 4 reasons to buy and 2 reasons to sell it, resulting in the Finny Score of 67.

13. What are the pros of investing in ACAAX? What are ACAAX buy reasons?

The following are ACAAX strengths from our perspective:

  • <strong>ACAAX 3-year return</strong> is 21.64%, which is in line with the 3-year return of the benchmark index (Russell 1000 Growth TR USD), 21.82%.
  • <strong>ACAAX 5-year return</strong> is 17.89%, which is in line with the 5-year return of the benchmark index (Russell 1000 Growth TR USD), 18.93%.
  • <strong>ACAAX 10-year return</strong> is 16.47%, which is in line with the 10-year return of the benchmark index (Russell 1000 Growth TR USD), 17.05%.
  • <strong>ACAAX 15-year return</strong> is 13.62%, which is higher than the 15-year return of the benchmark index (Russell 1000 Growth TR USD), 12.34%.

14. What are the cons of investing in ACAAX? What are ACAAX negatives?

The following are ACAAX weaknesses from our perspective:

  • <strong>ACAAX expense ratio</strong> is 1.21%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
  • Warning: this fund has a 12b1 and front-end sales fee. The maximum 12b1 fee is 0.25%, while the maximum front-end sales load is 5.25%. A 12b-1 fee is an annual marketing or distribution fee on a mutual fund. Front-end sales load, also known as sales charge, is a fee paid when mutual funds shares are purchased. Those fees are subtracted from your total investable assets.
In the ACAAX review, we covered ACAAX key stats (return, performance, yield, expense ratio, and holdings), buy and sell analysis, and alternative investments. If this review was helpful to you, feel free to check out other mutual fund and ETF reviews.
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