14 important things you should know about Alger AMGAX mutual fund

Updated: June 27, 2020
22

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

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

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

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

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

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

Fact Sheet

1. Describe Alger Funds: Alger Mid Cap Growth Fund; Class A Shares (AMGAX).

The Fund seeks to invest in midsize companies with promising growth potential by investing primarily in equity securities of firms having a market capitalization within range of companies in the S&P MidCap 400 Index.

2. What are AMGAX top holdings?

AMGAX has 105 stock holdings and 0 bond holdings.

The top 10 holdings represent 19.03% of total assets. Here are the top holdings:

Name Symbol % Assets
DexCom Inc DXCM 2.32%
Crown Castle International Corp CCI 2.07%
CoStar Group Inc CSGP 2.04%
Fiserv Inc FISV 2.01%
Avalara Inc AVLR 1.95%
Advanced Micro Devices Inc AMD 1.89%
TransDigm Group Inc TDG 1.87%
Global Payments Inc GPN 1.73%
Cintas Corp CTAS 1.58%
Fair Isaac Corp FICO 1.57%

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

AMGAX has generated the following returns:

  • 1-month return is 15.51%;
  • 3-month return is -3.11%;
  • 1-year return is 10.23%;
  • 3-year return is 12.76%;
  • 5-year return is 8.57%;
  • 10-year return is 11.06%;
  • 15-year return is 7.87%.

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

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

5. What is AMGAX dividend yield?

AMGAX yield is 0%.

6. What is AMGAX minimum initial investment amount?

AMGAX minimum initial investment amount is $1.00K.

7. What is AMGAX expense ratio?

AMGAX expense ratio is 1.3%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

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

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

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

  • 1-year ax cost ratio is 1.86%;
  • 3-year ax cost ratio is 1.17%.

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

  • 3-year beta is 1.05;
  • 5-year beta is 1.06;
  • 10-year beta is 1.12;
  • 15-year beta is 1.19.

11. What is AMGAX Sharpe ratio?

  • 3-year Sharpe ratio is 0.32;
  • 5-year Sharpe ratio is 0.26;
  • 10-year Sharpe ratio is 0.54;
  • 15-year Sharpe ratio is 0.34.

Analysis

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

AMGAX Finny Score is 22. Our quantitative analysis shows 2 reasons to buy AMGAX and 7 reasons to sell it, resulting in the Finny Score of 22.

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

The following are AMGAX strengths from our perspective:

  • AMGAX 3-year return is 12.76%, which is higher than the 3-year return of the benchmark index (Russell Mid Cap Growth TR USD), 12.36%.
  • AMGAX 5-year return is 8.57%, which is in line with the 5-year return of the benchmark index (Russell Mid Cap Growth TR USD), 9.35%.

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

The following are AMGAX weaknesses from our perspective:

  • AMGAX net assets are $143.20 million. This fund is not a popular choice with retail investors.
  • AMGAX 10-year return is 11.06%, which is lower than the 10-year return of the benchmark index (Russell Mid Cap Growth TR USD), 13.46%.
  • AMGAX 15-year return is 7.87%, which is lower than the 15-year return of the benchmark index (Russell Mid Cap Growth TR USD), 10.11%.
  • 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.
  • AMGAX expense ratio is 1.3%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
  • AMGAX 10-year Beta is 1.12, 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.
  • AMGAX 15-year Beta is 1.19, which is higher than the index (S&P 500 TR USD) 15-year beta, 1.00. The fund is perceived to be riskier than the comparable index based on the previous 15 years.
In the AMGAX review, we covered AMGAX 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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