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15 important things you should know about Alger ALMCX mutual fund

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

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

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

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

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

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

Fact Sheet

1. Describe Alger Funds: Alger SMid Cap Growth Fund; Class C Shares (ALMCX).

The Fund seeks long-term capital appreciation by investing primarily in companies with market capitalizations between $500 million and $10 billion.

2. What are ALMCX top holdings?

ALMCX has 50 stock holdings and 0 bond holdings.

The top 10 holdings represent 44.59% of total assets. Here are the top holdings:

Name Symbol % Assets
Chegg Inc CHGG 6.03%
Nevro Corp NVRO 5.61%
EPAM Systems Inc EPAM 5.25%
FirstService Corp FSV.TO 5.10%
Paylocity Holding Corp PCTY 4.96%
Casella Waste Systems Inc Class A CWST 4.56%
Insulet Corp PODD 3.70%
Everbridge Inc EVBG 3.19%
The Trade Desk Inc A TTD 3.16%
Hamilton Lane Inc Class A HLNE 3.03%

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

ALMCX has generated the following returns:

  • 1-month return is 8.14%;
  • 3-month return is 10.41%;
  • 1-year return is 41.08%;
  • 3-year return is 21.94%;
  • 5-year return is 19.26%;
  • 10-year return is 14.03%;
  • 15-year return is 11.01%.

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

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

ALMCX up and down years

5. What is ALMCX dividend yield?

ALMCX yield is 0%.

6. What is ALMCX minimum initial investment amount?

ALMCX minimum initial investment amount is $1.00K.

7. What is ALMCX expense ratio?

ALMCX expense ratio is 2.05%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

ALMCX expenses

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

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

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

  • 1-year ax cost ratio is 1.37%;
  • 3-year ax cost ratio is 3.52%.
ALMCX tax costs

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

  • 3-year beta is 1.32;
  • 5-year beta is 1.29;
  • 10-year beta is 1.24.
ALMCX Beta

11. What is ALMCX Sharpe ratio?

  • 3-year Sharpe ratio is 0.75;
  • 5-year Sharpe ratio is 0.63;
  • 10-year Sharpe ratio is 0.75.
ALMCX 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 ALMCX? What are ALMCX buy reasons?

The following are ALMCX strengths from our perspective:

  • <strong>ALMCX 3-year return</strong> is 21.94%, which is higher than the 3-year return of the benchmark index (Russell 2500 Growth TR USD), 15.3%.
  • <strong>ALMCX 5-year return</strong> is 19.26%, which is higher than the 5-year return of the benchmark index (Russell 2500 Growth TR USD), 14.75%.
  • <strong>ALMCX 10-year return</strong> is 14.03%, which is in line with the 10-year return of the benchmark index (Russell 2500 Growth TR USD), 14.51%.
  • <strong>ALMCX 15-year return</strong> is 11.01%, which is in line with the 15-year return of the benchmark index (Russell 2500 Growth TR USD), 11.18%.

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

The following are ALMCX weaknesses from our perspective:

  • <strong>ALMCX net assets</strong> are $63.50 million. This fund is not a popular choice with retail investors.
  • <strong>ALMCX expense ratio</strong> is 2.05%, 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 ALMCX review, we covered ALMCX 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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