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15 important things you should know about Alger ALBAX mutual fund

Updated: September 27, 2020
14
Bull Case
  • 15-year return above the benchmark
Bear Case
  • Low net assets
  • 3-year return below the benchmark
  • 5-year return below the benchmark
  • 10-year return below the benchmark
  • High expense ratio
  • Sales load and/or distribution fees

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

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

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

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

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

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

Fact Sheet

1. Describe Alger Funds: Alger Growth & Income Fund; Class A Shares (ALBAX).

The Fund seeks current income and long-term capital appreciation by investing in common stocks and fixed income securities, with an emphasis on income-producing securities which appear to have some potential for capital appreciation.

2. What are ALBAX top holdings?

ALBAX has 78 stock holdings and 0 bond holdings.

The top 10 holdings represent 38.45% of total assets. Here are the top holdings:

Name Symbol % Assets
Microsoft Corp MSFT 10.83%
Apple Inc AAPL 6.35%
JPMorgan Chase & Co JPM 3.67%
The Home Depot Inc HD 3.16%
Alphabet Inc A GOOGL 2.65%
Alphabet Inc Class C GOOG 2.57%
Amazon.com Inc AMZN 2.39%
Johnson & Johnson JNJ 2.39%
UnitedHealth Group Inc UNH 2.31%
Verizon Communications Inc VZ 2.13%

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

ALBAX has generated the following returns:

  • 1-month return is -4.27%;
  • 3-month return is 4.44%;
  • 1-year return is 8.64%;
  • 3-year return is 9.73%;
  • 5-year return is 11.26%;
  • 10-year return is 11.48%;
  • 15-year return is 8.24%.

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

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

ALBAX up and down years

5. What is ALBAX dividend yield?

ALBAX yield is 1.46%.

6. What is ALBAX minimum initial investment amount?

ALBAX minimum initial investment amount is $1.00K.

7. What is ALBAX expense ratio?

ALBAX expense ratio is 1.06%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

ALBAX expenses

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

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

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

  • 1-year ax cost ratio is 1.48%;
  • 3-year ax cost ratio is 1.38%.
ALBAX tax costs

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

  • 3-year beta is 0.94;
  • 5-year beta is 0.94;
  • 10-year beta is 0.88.
ALBAX Beta

11. What is ALBAX Sharpe ratio?

  • 3-year Sharpe ratio is 0.52;
  • 5-year Sharpe ratio is 0.63;
  • 10-year Sharpe ratio is 0.94.
ALBAX Sharpe ratio

Analysis

12. What is Finny Score? buy or sell?

Finny Score is 14. Our quantitative analysis shows 1 reason to buy and 6 reasons to sell it, resulting in the Finny Score of 14.

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

The following are ALBAX strengths from our perspective:

  • <strong>ALBAX 15-year return</strong> is 8.24%, which is in line with the 15-year return of the benchmark index (S&P 500 TR USD), 9.13%.

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

The following are ALBAX weaknesses from our perspective:

  • <strong>ALBAX net assets</strong> are $78.10 million. This fund is not a popular choice with retail investors.
  • <strong>ALBAX 3-year return</strong> is 9.73%, which is lower than the 3-year return of the benchmark index (S&P 500 TR USD), 11.64%.
  • <strong>ALBAX 5-year return</strong> is 11.26%, which is lower than the 5-year return of the benchmark index (S&P 500 TR USD), 13.04%.
  • <strong>ALBAX 10-year return</strong> is 11.48%, which is lower than the 10-year return of the benchmark index (S&P 500 TR USD), 13.48%.
  • <strong>ALBAX expense ratio</strong> is 1.06%, 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 ALBAX review, we covered ALBAX 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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