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15 important things you should know about Alger ALSAX 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 ALSAX “stock” price, you can quickly find it out by visiting Finny and typing "ALSAX quote". If you’re looking for a quick scoop on ALSAX "stock" (price chart, key stats, buy or sell analysis and holdings), go to Finny and look for "ALSAX". You’ll get all this info in one place.

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

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

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

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

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

Fact Sheet

1. Describe Alger Funds: Alger Small Cap Growth Fund; Class A Shares (ALSAX).

The Fund seeks long-term capital appreciation by investing in a diversified, actively managed portfolio of equity securities, primarily of companies with total market capitalization of less than $1 billion. Income is considered in the choice of investments but is not investment objective.

2. What are ALSAX top holdings?

ALSAX has 69 stock holdings and 0 bond holdings.

The top 10 holdings represent 36.73% of total assets. Here are the top holdings:

Name Symbol % Assets
Quidel Corp QDEL 6.77%
Veeva Systems Inc Class A VEEV 5.01%
Insulet Corp PODD 4.34%
Bio-Techne Corp TECH 3.99%
DexCom Inc DXCM 3.28%
Shopify Inc A SHOP.TO 3.28%
Digital Realty Trust Inc DLR 3.15%
Avalara Inc AVLR 2.93%
Neogen Corp NEOG 2.04%
Everbridge Inc EVBG 1.94%

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

ALSAX has generated the following returns:

  • 1-month return is -2.78%;
  • 3-month return is 7.55%;
  • 1-year return is 32.86%;
  • 3-year return is 22.43%;
  • 5-year return is 17.45%;
  • 10-year return is 14.28%;
  • 15-year return is 10.85%.

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

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

ALSAX up and down years

5. What is ALSAX dividend yield?

ALSAX yield is 0%.

6. What is ALSAX minimum initial investment amount?

ALSAX minimum initial investment amount is $1.00K.

7. What is ALSAX expense ratio?

ALSAX expense ratio is 1.38%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

ALSAX expenses

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

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

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

  • 1-year ax cost ratio is 1.32%;
  • 3-year ax cost ratio is 1.41%.
ALSAX tax costs

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

  • 3-year beta is 1.09;
  • 5-year beta is 1.12;
  • 10-year beta is 1.15.
ALSAX Beta

11. What is ALSAX Sharpe ratio?

  • 3-year Sharpe ratio is 0.92;
  • 5-year Sharpe ratio is 0.72;
  • 10-year Sharpe ratio is 0.80.
ALSAX 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 ALSAX? What are ALSAX buy reasons?

The following are ALSAX strengths from our perspective:

  • <strong>ALSAX 3-year return</strong> is 22.43%, which is higher than the 3-year return of the benchmark index (Russell 2000 Growth TR USD), 9.39%.
  • <strong>ALSAX 5-year return</strong> is 17.45%, which is higher than the 5-year return of the benchmark index (Russell 2000 Growth TR USD), 9.7%.
  • <strong>ALSAX 10-year return</strong> is 14.28%, which is higher than the 10-year return of the benchmark index (Russell 2000 Growth TR USD), 12.86%.
  • <strong>ALSAX 15-year return</strong> is 10.85%, which is higher than the 15-year return of the benchmark index (Russell 2000 Growth TR USD), 8.92%.

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

The following are ALSAX weaknesses from our perspective:

  • <strong>ALSAX net assets</strong> are $125.20 million. This fund is not a popular choice with retail investors.
  • <strong>ALSAX expense ratio</strong> is 1.38%, 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 ALSAX review, we covered ALSAX 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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