14 important things you should know about Alger ALMCX mutual fund

Updated: June 27, 2020
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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 47.95% of total assets. Here are the top holdings:

Name Symbol % Assets
Nevro Corp NVRO 5.96%
FirstService Corp FSV.TO 5.79%
Chegg Inc CHGG 5.77%
Paylocity Holding Corp PCTY 5.76%
Casella Waste Systems Inc Class A CWST 5.08%
Insulet Corp PODD 5.08%
EPAM Systems Inc EPAM 4.32%
Planet Fitness Inc A PLNT 3.60%
Glaukos Corp GKOS 3.55%
US Physical Therapy Inc USPH 3.04%

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

ALMCX has generated the following returns:

  • 1-month return is 21.71%;
  • 3-month return is -5.40%;
  • 1-year return is 10.94%;
  • 3-year return is 19.45%;
  • 5-year return is 12.28%;
  • 10-year return is 12.16%;
  • 15-year return is 10.65%.

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.

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 2.08%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other 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 1.38%;
  • 3-year ax cost ratio is 3.52%.

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

  • 3-year beta is 1.25;
  • 5-year beta is 1.21;
  • 10-year beta is 1.19.

11. What is ALMCX Sharpe ratio?

  • 3-year Sharpe ratio is 0.48;
  • 5-year Sharpe ratio is 0.35;
  • 10-year Sharpe ratio is 0.53.

Analysis

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

ALMCX Finny Score is 40. Our quantitative analysis shows 4 reasons to buy ALMCX and 6 reasons to sell it, resulting in the Finny Score of 40.

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

The following are ALMCX strengths from our perspective:

  • ALMCX 3-year return is 19.45%, which is higher than the 3-year return of the benchmark index (Russell 2500 Growth TR USD), 9.62%.
  • ALMCX 5-year return is 12.28%, which is higher than the 5-year return of the benchmark index (Russell 2500 Growth TR USD), 7.8%.
  • ALMCX 10-year return is 12.16%, which is in line with the 10-year return of the benchmark index (Russell 2500 Growth TR USD), 12.84%.
  • ALMCX 15-year return is 10.65%, which is higher than the 15-year return of the benchmark index (Russell 2500 Growth TR USD), 9.88%.

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

The following are ALMCX weaknesses from our perspective:

  • ALMCX net assets are $49.20 million. This fund is not a popular choice with retail investors.
  • 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.
  • ALMCX expense ratio is 2.08%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
  • ALMCX 3-year Beta is 1.25, which is higher than the index (S&P 500 TR USD) 3-year beta, 1.00. The fund is perceived to be riskier than the comparable index based on the previous 3 years.
  • ALMCX 5-year Beta is 1.21, which is higher than the index (S&P 500 TR USD) 5-year beta, 1.00. The fund is perceived to be riskier than the comparable index based on the previous 5 years.
  • ALMCX 10-year Beta is 1.19, which is higher than the index (S&P 500 TR USD) 10-year beta, 1.00. The fund is perceived to be riskier than the comparable index based on the previous 10 years.
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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