14 important things you should know about Alger SPEAX mutual fund

Updated: June 29, 2020
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Before we start: if you’re looking for SPEAX “stock” price, you can quickly find it out by visiting Finny and typing "SPEAX quote". If you’re looking for a quick scoop on SPEAX "stock" (price chart, key stats, buy or sell analysis and holdings), go to Finny and look for "SPEAX". You’ll get all this info in one place.

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

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

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

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

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

Fact Sheet

1. Describe Alger Funds II: Alger Mid Cap Focus Fund; Class A Shares (SPEAX).

2. What are SPEAX top holdings?

SPEAX has 0 stock holdings and 0 bond holdings.

The top 10 holdings represent 28.88% of total assets. Here are the top holdings:

Name Symbol % Assets
Medidata Solutions Inc MDSO 4.02%
VCA Inc WOOF 3.41%
MarketAxess Holdings Inc MKTX 3.04%
Crown Castle International Corp CCI 2.87%
Performance Food Group Co PFGC 2.70%
PVH Corp PVH 2.66%
Newell Brands Inc NWL 2.63%
Allison Transmission Holdings Inc ALSN 2.58%
Electronic Arts Inc EA 2.56%
Intercontinental Exchange Inc ICE 2.41%

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

SPEAX has generated the following returns:

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

In the last 10 years, SPEAX had 6 up years and 3 down years.

5. What is SPEAX dividend yield?

SPEAX yield is %.

6. What is SPEAX minimum initial investment amount?

SPEAX minimum initial investment amount is $1.00K.

7. What is SPEAX expense ratio?

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

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

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

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

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

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

11. What is SPEAX Sharpe ratio?

Analysis

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

SPEAX Finny Score is N/A. Our quantitative analysis shows 1 reason to buy SPEAX and 1 reason to sell. Finny Scores are not available if there are insufficient data points from the analysis.

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

The following are SPEAX strengths from our perspective:

  • Good news: this fund does not have 12b1, front-end or back-end sales fees.

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

The following are SPEAX weaknesses from our perspective:

  • SPEAX net assets are $0.00 million. This fund is not a popular choice with retail investors.
In the SPEAX review, we covered SPEAX 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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