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15 important things you should know about Alger AHSAX mutual fund

Updated: September 27, 2020
57
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
  • Low net assets
  • High expense ratio
  • Sales load and/or distribution fees

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

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

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

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

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

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

Fact Sheet

1. Describe Alger Funds: Alger Health Sciences Fund; Class A Shares (AHSAX).

The Fund seeks long-term capital appreciation. The Fund invests at least 80% of its net assets in equity securities of companies of any market cap that are engaged in the health sciences sector, including health care services, pharmaceuticals, medical equipment and supplies, and applied research and development.

2. What are AHSAX top holdings?

AHSAX has 93 stock holdings and 0 bond holdings.

The top 10 holdings represent 33.58% of total assets. Here are the top holdings:

Name Symbol % Assets
UnitedHealth Group Inc UNH 4.62%
Vertex Pharmaceuticals Inc VRTX 4.27%
DexCom Inc DXCM 4.10%
Eli Lilly and Co LLY 3.66%
Bristol-Myers Squibb Company BMY 3.19%
Gilead Sciences Inc GILD 2.99%
Danaher Corp DHR 2.90%
Thermo Fisher Scientific Inc TMO 2.64%
Sarepta Therapeutics Inc SRPT 2.61%
AbbVie Inc ABBV 2.60%

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

AHSAX has generated the following returns:

  • 1-month return is 3.59%;
  • 3-month return is 7.98%;
  • 1-year return is 31.67%;
  • 3-year return is 16.20%;
  • 5-year return is 13.39%;
  • 10-year return is 16.12%;
  • 15-year return is 11.94%.

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

In the last 10 years, AHSAX had 9 up years and 1 down year.

AHSAX up and down years

5. What is AHSAX dividend yield?

AHSAX yield is 0%.

6. What is AHSAX minimum initial investment amount?

AHSAX minimum initial investment amount is $1.00K.

7. What is AHSAX expense ratio?

AHSAX expense ratio is 1.15%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

AHSAX expenses

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

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

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

  • 1-year ax cost ratio is 1.57%;
  • 3-year ax cost ratio is 1.38%.
AHSAX tax costs

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

  • 3-year beta is 0.90;
  • 5-year beta is 1.01;
  • 10-year beta is 0.79.
AHSAX Beta

11. What is AHSAX Sharpe ratio?

  • 3-year Sharpe ratio is 0.73;
  • 5-year Sharpe ratio is 0.54;
  • 10-year Sharpe ratio is 0.94.
AHSAX Sharpe ratio

Analysis

12. What is Finny Score? buy or sell?

Finny Score is 57. Our quantitative analysis shows 4 reasons to buy and 3 reasons to sell it, resulting in the Finny Score of 57.

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

The following are AHSAX strengths from our perspective:

  • <strong>AHSAX 3-year return</strong> is 16.2%, which is higher than the 3-year return of the benchmark index (S&P 500 TR USD), 11.64%.
  • <strong>AHSAX 5-year return</strong> is 13.39%, which is higher than the 5-year return of the benchmark index (S&P 500 TR USD), 13.04%.
  • <strong>AHSAX 10-year return</strong> is 16.12%, which is higher than the 10-year return of the benchmark index (S&P 500 TR USD), 13.48%.
  • <strong>AHSAX 15-year return</strong> is 11.94%, which is higher than the 15-year return of the benchmark index (S&P 500 TR USD), 9.13%.

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

The following are AHSAX weaknesses from our perspective:

  • <strong>AHSAX net assets</strong> are $115.30 million. This fund is not a popular choice with retail investors.
  • <strong>AHSAX expense ratio</strong> is 1.15%, 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 AHSAX review, we covered AHSAX 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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