14 important things you should know about Alger ALBAX mutual fund

Updated: June 27, 2020
25

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 36.10% of total assets. Here are the top holdings:

Name Symbol % Assets
Microsoft Corp MSFT 9.30%
Apple Inc AAPL 5.77%
JPMorgan Chase & Co JPM 4.38%
The Home Depot Inc HD 2.83%
Honeywell International Inc HON 2.49%
CME Group Inc Class A CME 2.46%
Alphabet Inc A GOOGL 2.43%
Alphabet Inc Class C GOOG 2.36%
Johnson & Johnson JNJ 2.05%
Morgan Stanley MS 2.03%

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

ALBAX has generated the following returns:

  • 1-month return is 5.29%;
  • 3-month return is -12.66%;
  • 1-year return is 3.53%;
  • 3-year return is 7.57%;
  • 5-year return is 7.86%;
  • 10-year return is 10.54%;
  • 15-year return is 8.03%.

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.

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.

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 1.37%.

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

  • 3-year beta is 0.93;
  • 5-year beta is 0.93;
  • 10-year beta is 0.85.

11. What is ALBAX Sharpe ratio?

  • 3-year Sharpe ratio is 0.22;
  • 5-year Sharpe ratio is 0.40;
  • 10-year Sharpe ratio is 0.75.

Analysis

12. What is ALBAX Finny Score? ALBAX buy or sell?

ALBAX Finny Score is 25. Our quantitative analysis shows 2 reasons to buy ALBAX and 6 reasons to sell it, resulting in the Finny Score of 25.

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

The following are ALBAX strengths from our perspective:

  • ALBAX 15-year return is 8.03%, which is in line with the 15-year return of the benchmark index (S&P 500 TR USD), 8.54%.
  • ALBAX 10-year Beta is 0.85, which is inversely correlated with the index (S&P 500 TR USD). The could be good if you're trying to hedge your portfolio.

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

The following are ALBAX weaknesses from our perspective:

  • ALBAX net assets are $78.10 million. This fund is not a popular choice with retail investors.
  • ALBAX 3-year return is 7.57%, which is lower than the 3-year return of the benchmark index (S&P 500 TR USD), 9.1%.
  • ALBAX 5-year return is 7.86%, which is lower than the 5-year return of the benchmark index (S&P 500 TR USD), 9.05%.
  • ALBAX 10-year return is 10.54%, which is lower than the 10-year return of the benchmark index (S&P 500 TR USD), 12.06%.
  • 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.
  • ALBAX expense ratio is 1.06%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
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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