14 important things you should know about Alger AMGCX mutual fund

Updated: June 27, 2020
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Before we start: if you’re looking for AMGCX “stock” price, you can quickly find it out by visiting Finny and typing "AMGCX quote". If you’re looking for a quick scoop on AMGCX "stock" (price chart, key stats, buy or sell analysis and holdings), go to Finny and look for "AMGCX". You’ll get all this info in one place.

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

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

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

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

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 AMGCX top holdings?

AMGCX 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 AMGCX performance? What are AMGCX historical returns?

AMGCX has generated the following returns:

  • 1-month return is 15.49%;
  • 3-month return is -3.31%;
  • 1-year return is 9.29%;
  • 3-year return is 11.83%;
  • 5-year return is 7.69%;
  • 10-year return is 10.14%;
  • 15-year return is 6.98%.

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

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

5. What is AMGCX dividend yield?

AMGCX yield is 0%.

6. What is AMGCX minimum initial investment amount?

AMGCX minimum initial investment amount is $1.00K.

7. What is AMGCX expense ratio?

AMGCX expense ratio is 2.11%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

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

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

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

  • 1-year ax cost ratio is 2.45%;
  • 3-year ax cost ratio is 1.51%.

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

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

11. What is AMGCX Sharpe ratio?

  • 3-year Sharpe ratio is 0.28;
  • 5-year Sharpe ratio is 0.21;
  • 10-year Sharpe ratio is 0.49;
  • 15-year Sharpe ratio is 0.30.

Analysis

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

AMGCX Finny Score is 13. Our quantitative analysis shows 1 reason to buy AMGCX and 7 reasons to sell it, resulting in the Finny Score of 13.

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

The following are AMGCX strengths from our perspective:

  • AMGCX 3-year return is 11.83%, which is in line with the 3-year return of the benchmark index (Russell Mid Cap Growth TR USD), 12.36%.

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

The following are AMGCX weaknesses from our perspective:

  • AMGCX net assets are $6.00 million. This fund is not a popular choice with retail investors.
  • AMGCX 5-year return is 7.69%, which is lower than the 5-year return of the benchmark index (Russell Mid Cap Growth TR USD), 9.35%.
  • AMGCX 10-year return is 10.14%, which is lower than the 10-year return of the benchmark index (Russell Mid Cap Growth TR USD), 13.46%.
  • AMGCX 15-year return is 6.98%, 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 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.
  • AMGCX expense ratio is 2.11%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
  • AMGCX 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.
In the AMGCX review, we covered AMGCX 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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