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15 important things you should know about Alger ALGAX mutual fund

Updated: September 27, 2020
57
Bull Case
  • 3-year return above the benchmark
  • 5-year return above the benchmark
  • 10-year return above the benchmark
  • 15-year return above the benchmark
Bear Case
  • Low net assets
  • High expense ratio
  • Sales load and/or distribution fees

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

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

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

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

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

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

Fact Sheet

1. Describe Alger Funds: Alger International Growth Fund; Class A Shares (ALGAX).

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 ALGAX top holdings?

ALGAX has 45 stock holdings and 0 bond holdings.

The top 10 holdings represent 28.44% of total assets. Here are the top holdings:

Name Symbol % Assets
Tencent Holdings Ltd 00700 3.51%
Eurofins Scientific SE ERF.PA 3.02%
Kerry Group PLC Class A KYGA.L 2.92%
Partners Group Holding AG PGHN 2.81%
London Stock Exchange Group PLC LSE.L 2.79%
Ferrari NV RACE.MI 2.73%
Kirkland Lake Gold Ltd KL.TO 2.73%
Grifols SA ADR GRFS.BC 2.66%
The a2 Milk Co Ltd A2M.NZ 2.64%
Teleperformance SE TEP.PA 2.63%

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

ALGAX has generated the following returns:

  • 1-month return is 0.43%;
  • 3-month return is 13.34%;
  • 1-year return is 28.24%;
  • 3-year return is 6.86%;
  • 5-year return is 7.26%;
  • 10-year return is 7.40%;
  • 15-year return is 5.00%.

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

In the last 10 years, ALGAX had 6 up years and 4 down years.

ALGAX up and down years

5. What is ALGAX dividend yield?

ALGAX yield is 4.32%.

6. What is ALGAX minimum initial investment amount?

ALGAX minimum initial investment amount is $1.00K.

7. What is ALGAX expense ratio?

ALGAX expense ratio is 1.29%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

ALGAX expenses

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

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

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

  • 1-year ax cost ratio is 1.7%;
  • 3-year ax cost ratio is 1.73%.
ALGAX tax costs

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

  • 3-year beta is 1.03;
  • 5-year beta is 0.97;
  • 10-year beta is 0.86.
ALGAX Beta

11. What is ALGAX Sharpe ratio?

  • 3-year Sharpe ratio is 0.30;
  • 5-year Sharpe ratio is 0.20;
  • 10-year Sharpe ratio is 0.52.
ALGAX Sharpe ratio

Analysis

12. What is Finny Score? buy or sell?

Finny Score is 57. Our quantitative analysis shows 4 reasons to buy and 3 reasons to sell it, resulting in the Finny Score of 57.

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

The following are ALGAX strengths from our perspective:

  • <strong>ALGAX 3-year return</strong> is 6.86%, which is higher than the 3-year return of the benchmark index (MSCI ACWI Ex USA NR USD), 1.1%.
  • <strong>ALGAX 5-year return</strong> is 7.26%, which is higher than the 5-year return of the benchmark index (MSCI ACWI Ex USA NR USD), 5.59%.
  • <strong>ALGAX 10-year return</strong> is 7.4%, which is higher than the 10-year return of the benchmark index (MSCI ACWI Ex USA NR USD), 4.21%.
  • <strong>ALGAX 15-year return</strong> is 5%, which is higher than the 15-year return of the benchmark index (MSCI ACWI Ex USA NR USD), 4.18%.

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

The following are ALGAX weaknesses from our perspective:

  • <strong>ALGAX net assets</strong> are $106.50 million. This fund is not a popular choice with retail investors.
  • <strong>ALGAX expense ratio</strong> is 1.29%, 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 ALGAX review, we covered ALGAX 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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