14 important things you should know about Alger ALBCX mutual fund

Updated: June 27, 2020
22

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

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

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

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

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

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 ALBCX top holdings?

ALBCX 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 ALBCX performance? What are ALBCX historical returns?

ALBCX has generated the following returns:

  • 1-month return is 5.20%;
  • 3-month return is -12.82%;
  • 1-year return is 2.72%;
  • 3-year return is 6.75%;
  • 5-year return is 7.05%;
  • 10-year return is 9.71%;
  • 15-year return is 7.22%.

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

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

5. What is ALBCX dividend yield?

ALBCX yield is 0.76%.

6. What is ALBCX minimum initial investment amount?

ALBCX minimum initial investment amount is $1.00K.

7. What is ALBCX expense ratio?

ALBCX expense ratio is 1.82%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

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

ALBCX 12b-1 distribution fee is 1. ALBCX front-end sales load is 0. ALBCX back-end sales load is 1.

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

  • 1-year ax cost ratio is 1.2%;
  • 3-year ax cost ratio is 1.07%.

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

  • 3-year beta is 0.93;
  • 5-year beta is 0.93;
  • 10-year beta is 0.85;
  • 15-year beta is 0.79.

11. What is ALBCX Sharpe ratio?

  • 3-year Sharpe ratio is 0.16;
  • 5-year Sharpe ratio is 0.34;
  • 10-year Sharpe ratio is 0.69;
  • 15-year Sharpe ratio is 0.47.

Analysis

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

ALBCX Finny Score is 22. Our quantitative analysis shows 2 reasons to buy ALBCX and 7 reasons to sell it, resulting in the Finny Score of 22.

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

The following are ALBCX strengths from our perspective:

  • ALBCX 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.
  • ALBCX 15-year Beta is 0.79, 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 ALBCX? What are ALBCX negatives?

The following are ALBCX weaknesses from our perspective:

  • ALBCX net assets are $16.00 million. This fund is not a popular choice with retail investors.
  • ALBCX 3-year return is 6.75%, which is lower than the 3-year return of the benchmark index (S&P 500 TR USD), 9.1%.
  • ALBCX 5-year return is 7.05%, which is lower than the 5-year return of the benchmark index (S&P 500 TR USD), 9.05%.
  • ALBCX 10-year return is 9.71%, which is lower than the 10-year return of the benchmark index (S&P 500 TR USD), 12.06%.
  • ALBCX 15-year return is 7.22%, which is lower than the 15-year return of the benchmark index (S&P 500 TR USD), 8.54%.
  • Warning: this fund has a 12b1 and deferred sales fee. The maximum 12b1 fee is 1%, while the maximum deferred sales load is 1%. A 12b-1 fee is an annual marketing or distribution fee on a mutual fund. Deferred sales load is a back-end sales charge and is imposed when an investor redeems shares.
  • ALBCX expense ratio is 1.82%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
In the ALBCX review, we covered ALBCX 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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