14 important things you should know about Alger ALGCX mutual fund

Updated: June 27, 2020
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Before we start: if you’re looking for ALGCX “stock” price, you can quickly find it out by visiting Finny and typing "ALGCX quote". If you’re looking for a quick scoop on ALGCX "stock" (price chart, key stats, buy or sell analysis and holdings), go to Finny and look for "ALGCX". You’ll get all this info in one place.

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

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

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

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

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 ALGCX top holdings?

ALGCX 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 ALGCX performance? What are ALGCX historical returns?

ALGCX has generated the following returns:

  • 1-month return is 8.16%;
  • 3-month return is -9.40%;
  • 1-year return is 1.37%;
  • 3-year return is 0.94%;
  • 5-year return is -0.72%;
  • 10-year return is 3.97%;
  • 15-year return is 3.24%.

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

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

5. What is ALGCX dividend yield?

ALGCX yield is 4.21%.

6. What is ALGCX minimum initial investment amount?

ALGCX minimum initial investment amount is $1.00K.

7. What is ALGCX expense ratio?

ALGCX expense ratio is 2.09%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

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

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

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

  • 1-year ax cost ratio is 1.68%;
  • 3-year ax cost ratio is 1.6%.

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

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

11. What is ALGCX Sharpe ratio?

  • 3-year Sharpe ratio is -0.16;
  • 5-year Sharpe ratio is -0.18;
  • 10-year Sharpe ratio is 0.20;
  • 15-year Sharpe ratio is 0.14.

Analysis

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

ALGCX Finny Score is 38. Our quantitative analysis shows 3 reasons to buy ALGCX and 5 reasons to sell it, resulting in the Finny Score of 38.

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

The following are ALGCX strengths from our perspective:

  • ALGCX 3-year return is 0.94%, which is higher than the 3-year return of the benchmark index (MSCI ACWI Ex USA NR USD), -1.02%.
  • ALGCX 10-year return is 3.97%, which is higher than the 10-year return of the benchmark index (MSCI ACWI Ex USA NR USD), 3.44%.
  • ALGCX 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 ALGCX? What are ALGCX negatives?

The following are ALGCX weaknesses from our perspective:

  • ALGCX net assets are $3.70 million. This fund is not a popular choice with retail investors.
  • ALGCX 5-year return is -0.72%, which is lower than the 5-year return of the benchmark index (MSCI ACWI Ex USA NR USD), -0.32%.
  • ALGCX 15-year return is 3.24%, which is lower than the 15-year return of the benchmark index (MSCI ACWI Ex USA NR USD), 3.98%.
  • 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.
  • ALGCX expense ratio is 2.09%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
In the ALGCX review, we covered ALGCX 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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