14 important things you should know about Alger ALGAX mutual fund

Updated: June 27, 2020
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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 29.20% of total assets. Here are the top holdings:

Name Symbol % Assets
Alibaba Group Holding Ltd ADR BABA 3.49%
PJSC Lukoil ADR LKOD 3.17%
Kerry Group PLC Class A KYGA.L 3.07%
NXP Semiconductors NV NXPI 2.95%
Samsung Electronics Co Ltd 005930.KS 2.88%
Hoya Corp 7741 2.81%
Partners Group Holding AG PGHN 2.81%
Eurofins Scientific SE ERF.PA 2.72%
New Oriental Education & Technology Group Inc ADR EDU 2.66%
Yandex NV Shs Class-A- YNDX 2.64%

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

ALGAX has generated the following returns:

  • 1-month return is 8.29%;
  • 3-month return is -9.24%;
  • 1-year return is 2.19%;
  • 3-year return is 1.79%;
  • 5-year return is 0.08%;
  • 10-year return is 4.81%;
  • 15-year return is 4.04%.

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.

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.

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%.

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

  • 3-year beta is 0.95;
  • 5-year beta is 0.90;
  • 10-year beta is 0.82.

11. What is ALGAX Sharpe ratio?

  • 3-year Sharpe ratio is -0.10;
  • 5-year Sharpe ratio is -0.12;
  • 10-year Sharpe ratio is 0.26.

Analysis

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

ALGAX Finny Score is 63. Our quantitative analysis shows 5 reasons to buy ALGAX and 3 reasons to sell it, resulting in the Finny Score of 63.

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

The following are ALGAX strengths from our perspective:

  • ALGAX 3-year return is 1.79%, which is higher than the 3-year return of the benchmark index (MSCI ACWI Ex USA NR USD), -1.02%.
  • ALGAX 5-year return is 0.08%, which is higher than the 5-year return of the benchmark index (MSCI ACWI Ex USA NR USD), -0.32%.
  • ALGAX 10-year return is 4.81%, which is higher than the 10-year return of the benchmark index (MSCI ACWI Ex USA NR USD), 3.44%.
  • ALGAX 15-year return is 4.04%, which is higher than the 15-year return of the benchmark index (MSCI ACWI Ex USA NR USD), 3.98%.
  • ALGAX 10-year Beta is 0.82, which is inversely correlated with the index (MSCI ACWI Ex USA NR USD). The could be good if you're trying to hedge your portfolio.

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

The following are ALGAX weaknesses from our perspective:

  • ALGAX net assets are $106.50 million. This fund is not a popular choice with retail investors.
  • 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.
  • ALGAX expense ratio is 1.29%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
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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