Before we start: if you’re looking for ALAFX “stock” price, you can quickly find it out by visiting Finny and typing "ALAFX quote". If you’re looking for a quick scoop on ALAFX "stock" (price chart, key stats, buy or sell analysis and holdings), go to Finny and look for "ALAFX". You’ll get all this info in one place.
Are you looking to buy or sell ALAFX? Or perhaps you’re looking for ALAFX fact sheet, and learn about its alternatives? If so, you came to the right place.
In this ALAFX 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: ALAFX performance, returns, expense ratio, holdings and dividend yield;
- Analysis: ALAFX buy or sell; the pros and cons of investing in ALAFX mutual fund;
- Alternatives: other ETFs and mutual funds you should consider as alternatives to ALAFX.
And here is the list of questions we’ll answer:
- Describe Alger Institutional Funds: Alger Capital Appreciation Focus Fund; Class A Shares (ALAFX).
- What are ALAFX holdings?
- What is ALAFX performance? What are ALAFX historical returns?
- What is ALAFX dividend yield?
- What is ALAFX minimum initial investment amount?
- Does ALAFX have any sales loads or 12b-1 distribution expenses?
- What is ALAFX Finny Score? ALAFX buy or sell?
- What are the pros of investing in ALAFX? What are ALAFX buy reasons?
- What are the cons of investing in ALAFX? What are ALAFX sell reasons?
So let’s start. Scroll down to the question that interests you the most.
1. Describe Alger Institutional Funds: Alger Capital Appreciation Focus Fund; Class A Shares (ALAFX).
The Fund seeks long-term capital appreciation by investing in common stocks of companies which appear, on the basis of original research, to have unusual appreciation potential, due to high unit volume growth or major life cycle change.
2. What are ALAFX top holdings?
ALAFX has 47 stock holdings and 0 bond holdings.
The top 10 holdings represent 53.84% of total assets. Here are the top holdings:
|Visa Inc Class A||V||4.89%|
|Alibaba Group Holding Ltd ADR||BABA||4.47%|
|Facebook Inc A||FB||4.40%|
|T-Mobile US Inc||TMUS||3.83%|
|PayPal Holdings Inc||PYPL||3.58%|
3. What is ALAFX performance? What are ALAFX historical returns?
ALAFX has generated the following returns:
- 1-month return is 0.34%;
- 3-month return is 2.49%;
- 1-year return is 2.49%;
- 3-year return is 30.87%;
- 5-year return is 25.81%;
- 10-year return is 19.81%.
4. What is ALAFX dividend yield?
ALAFX yield is 0%.
5. What is ALAFX minimum initial investment amount?
ALAFX minimum initial investment amount is $1.00K.
6. Does ALAFX have any sales loads or 12b-1 distribution expenses?
ALAFX 12b-1 distribution fee is 0.25. ALAFX front-end sales load is 5.25. ALAFX back-end sales load is 0.
7. What is Finny Score? buy or sell?
Finny Score is 50. Our quantitative analysis shows 3 reasons to buy and 3 reasons to sell it, resulting in the Finny Score of 50.
8. What are the pros of investing in ALAFX? What are ALAFX buy reasons?
The following are ALAFX strengths from our perspective:
- ALAFX 3-year return is 30.87%, which is higher than the 3-year return of the benchmark index (Russell 1000 Growth TR USD), 30.84%.
- ALAFX 5-year return is 25.81%, which is higher than the 5-year return of the benchmark index (Russell 1000 Growth TR USD), 24.76%.
- ALAFX 10-year return is 19.81%, which is in line with the 10-year return of the benchmark index (Russell 1000 Growth TR USD), 20.33%.
9. What are the cons of investing in ALAFX? What are ALAFX negatives?
The following are ALAFX weaknesses from our perspective:
- ALAFX net assets are $118.40 million. This fund is not a popular choice with retail investors.
- ALAFX expense ratio is 0.95%, 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.