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15 important things you should know about Alger ASCZX mutual fund

Updated: September 19, 2020
67
Bull Case
  • 3-year return above the benchmark
  • 5-year return above the benchmark
  • 10-year return above the benchmark
  • No sales load or distribution fees
Bear Case
  • Low net assets
  • High expense ratio

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

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

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

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

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

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 ASCZX top holdings?

ASCZX 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 ASCZX performance? What are ASCZX historical returns?

ASCZX has generated the following returns:

  • 1-month return is -5.22%;
  • 3-month return is 10.80%;
  • 1-year return is 30.06%;
  • 3-year return is 23.05%;
  • 5-year return is 18.23%;
  • 10-year return is 14.89%.

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

In the last 10 years, ASCZX had 8 up years and 2 down years. See Performances

5. What is ASCZX dividend yield?

ASCZX yield is 0%.

6. What is ASCZX minimum initial investment amount?

ASCZX minimum initial investment amount is N/A.

7. What is ASCZX expense ratio?

ASCZX expense ratio is 0.99%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses. See Expenses

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

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

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

  • 1-year ax cost ratio is 1.27%;
  • 3-year ax cost ratio is 1.37%.

See Taxes

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

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

See Risks

11. What is ASCZX Sharpe ratio?

  • 3-year Sharpe ratio is 0.94;
  • 5-year Sharpe ratio is 0.74;
  • 10-year Sharpe ratio is 0.81.

See Risks

Analysis

12. What is Finny Score? buy or sell?

Finny Score is 67. Our quantitative analysis shows 4 reasons to buy and 2 reasons to sell it, resulting in the Finny Score of 67.

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

The following are ASCZX strengths from our perspective:

  • <strong>ASCZX 3-year return</strong> is 23.05%, which is higher than the 3-year return of the benchmark index (Russell 2000 Growth TR USD), 9.39%.
  • <strong>ASCZX 5-year return</strong> is 18.23%, which is higher than the 5-year return of the benchmark index (Russell 2000 Growth TR USD), 10.03%.
  • <strong>ASCZX 10-year return</strong> is 14.89%, which is higher than the 10-year return of the benchmark index (Russell 2000 Growth TR USD), 12.89%.
  • Good news: this fund does not have 12b1, front-end or back-end sales fees.

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

The following are ASCZX weaknesses from our perspective:

  • <strong>ASCZX net assets</strong> are $26.30 million. This fund is not a popular choice with retail investors.
  • <strong>ASCZX expense ratio</strong> is 0.99%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
In the ASCZX review, we covered ASCZX 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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