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15 important things you should know about Alger ALCCX mutual fund

Updated: Last Tuesday
43
Bull Case
  • 3-year return above the benchmark
  • 10-year return above the benchmark
  • 15-year return above the benchmark
Bear Case
  • Low net assets
  • 5-year return below the benchmark
  • High expense ratio
  • Sales load and/or distribution fees

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

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

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

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

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

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

Fact Sheet

1. Describe Alger Funds: Alger Capital Appreciation Fund; Class C Shares (ALCCX).

The Fund seeks long-term capital appreciation by investing in a diversified, actively managed portfolio of equity securities of companies of any size.

2. What are ALCCX top holdings?

ALCCX has 75 stock holdings and 0 bond holdings.

The top 10 holdings represent 53.10% of total assets. Here are the top holdings:

Name Symbol % Assets
Amazon.com Inc AMZN 9.96%
Microsoft Corp MSFT 9.84%
Apple Inc AAPL 5.64%
Alphabet Inc Class C GOOG 4.87%
Visa Inc Class A V 4.70%
Facebook Inc A FB 4.51%
Alibaba Group Holding Ltd ADR BABA 4.46%
Danaher Corp DHR 3.55%
Adobe Inc ADBE 2.83%
Salesforce.com Inc CRM 2.74%

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

ALCCX has generated the following returns:

  • 1-month return is 3.32%;
  • 3-month return is 9.88%;
  • 1-year return is 40.57%;
  • 3-year return is 20.75%;
  • 5-year return is 17.02%;
  • 10-year return is 15.59%;
  • 15-year return is 12.77%.

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

In the last 10 years, ALCCX had 7 up years and 3 down years.

ALCCX up and down years

5. What is ALCCX dividend yield?

ALCCX yield is 0%.

6. What is ALCCX minimum initial investment amount?

ALCCX minimum initial investment amount is $1.00K.

7. What is ALCCX expense ratio?

ALCCX expense ratio is 1.95%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

ALCCX expenses

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

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

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

  • 1-year ax cost ratio is 2.41%;
  • 3-year ax cost ratio is 2.48%.
ALCCX tax costs

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

  • 3-year beta is 1.00;
  • 5-year beta is 1.02;
  • 10-year beta is 1.04.
ALCCX Beta

11. What is ALCCX Sharpe ratio?

  • 3-year Sharpe ratio is 0.94;
  • 5-year Sharpe ratio is 0.80;
  • 10-year Sharpe ratio is 1.03.
ALCCX Sharpe ratio

Analysis

12. What is Finny Score? buy or sell?

Finny Score is 43. Our quantitative analysis shows 3 reasons to buy and 4 reasons to sell it, resulting in the Finny Score of 43.

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

The following are ALCCX strengths from our perspective:

  • <strong>ALCCX 3-year return</strong> is 20.75%, which is in line with the 3-year return of the benchmark index (Russell 1000 Growth TR USD), 21.82%.
  • <strong>ALCCX 10-year return</strong> is 15.59%, which is in line with the 10-year return of the benchmark index (Russell 1000 Growth TR USD), 17.05%.
  • <strong>ALCCX 15-year return</strong> is 12.77%, which is higher than the 15-year return of the benchmark index (Russell 1000 Growth TR USD), 12.34%.

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

The following are ALCCX weaknesses from our perspective:

  • <strong>ALCCX net assets</strong> are $216.50 million. This fund is not a popular choice with retail investors.
  • <strong>ALCCX 5-year return</strong> is 17.02%, which is lower than the 5-year return of the benchmark index (Russell 1000 Growth TR USD), 18.93%.
  • <strong>ALCCX expense ratio</strong> is 1.95%, 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 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.
In the ALCCX review, we covered ALCCX 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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