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15 important things you should know about Alger AMGAX mutual fund

Updated: September 27, 2020
43
Bull Case
  • 3-year return above the benchmark
  • 5-year return above the benchmark
  • 10-year return above the benchmark
Bear Case
  • Low net assets
  • 15-year return below the benchmark
  • High expense ratio
  • Sales load and/or distribution fees

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 18.88% of total assets. Here are the top holdings:

Name Symbol % Assets
DexCom Inc DXCM 3.40%
US Foods Holding Corp USFD 2.54%
Fiserv Inc FISV 2.44%
Veeva Systems Inc Class A VEEV 1.57%
Dollar General Corp DG 1.56%
Crown Castle International Corp CCI 1.51%
Global Payments Inc GPN 1.50%
Fair Isaac Corp FICO 1.46%
CrowdStrike Holdings Inc Class A CRWD 1.45%
Vail Resorts Inc MTN 1.45%

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

AMGAX has generated the following returns:

  • 1-month return is 1.46%;
  • 3-month return is 14.82%;
  • 1-year return is 34.77%;
  • 3-year return is 19.01%;
  • 5-year return is 14.98%;
  • 10-year return is 13.59%;
  • 15-year return is 8.67%.

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.

AMGAX up and 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.

AMGAX 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%.
AMGAX tax costs

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

  • 3-year beta is 1.12;
  • 5-year beta is 1.12;
  • 10-year beta is 1.16.
AMGAX Beta

11. What is AMGAX Sharpe ratio?

  • 3-year Sharpe ratio is 0.70;
  • 5-year Sharpe ratio is 0.56;
  • 10-year Sharpe ratio is 0.78.
AMGAX Sharpe ratio

Analysis

12. What is Finny Score? buy or sell?

Finny Score is 43. Our quantitative analysis shows 3 reasons to buy and 4 reasons to sell it, resulting in the Finny Score of 43.

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

The following are AMGAX strengths from our perspective:

  • <strong>AMGAX 3-year return</strong> is 19.01%, which is higher than the 3-year return of the benchmark index (Russell Mid Cap Growth TR USD), 15.31%.
  • <strong>AMGAX 5-year return</strong> is 14.98%, which is higher than the 5-year return of the benchmark index (Russell Mid Cap Growth TR USD), 13.71%.
  • <strong>AMGAX 10-year return</strong> is 13.59%, which is in line with the 10-year return of the benchmark index (Russell Mid Cap Growth TR USD), 14.44%.

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

The following are AMGAX weaknesses from our perspective:

  • <strong>AMGAX net assets</strong> are $143.20 million. This fund is not a popular choice with retail investors.
  • <strong>AMGAX 15-year return</strong> is 8.67%, which is lower than the 15-year return of the benchmark index (Russell Mid Cap Growth TR USD), 10.29%.
  • <strong>AMGAX expense ratio</strong> is 1.3%, 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 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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