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15 important things you should know about Alger SPECX mutual fund

Updated: September 28, 2020
67
Bull Case
  • 3-year return above the benchmark
  • 5-year return above the benchmark
  • 10-year return above the benchmark
  • 15-year return above the benchmark
Bear Case
  • High expense ratio
  • Sales load and/or distribution fees

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

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

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

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

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

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

Fact Sheet

1. Describe Alger Funds II: Alger Spectra Fund; Class A Shares (SPECX).

The Fund seeks long-term capital appreciation. The Fund invests primarily in the equity securities of companies of any size that it believes demonstrate promising growth potential. The Fund's management believes companies undergoing Positive Dynamic Change offer the best investment opportunities.

2. What are SPECX top holdings?

SPECX has 107 stock holdings and 0 bond holdings.

The top 10 holdings represent 47.08% of total assets. Here are the top holdings:

Name Symbol % Assets
Microsoft Corp MSFT 8.19%
Apple Inc AAPL 5.71%
Amazon.com Inc AMZN 5.50%
Visa Inc Class A V 4.98%
Alphabet Inc Class C GOOG 4.75%
Facebook Inc A FB 4.36%
Salesforce.com Inc CRM 4.28%
Alibaba Group Holding Ltd ADR BABA 3.79%
Adobe Inc ADBE 3.17%
Danaher Corp DHR 2.35%

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

SPECX has generated the following returns:

  • 1-month return is -2.21%;
  • 3-month return is 10.68%;
  • 1-year return is 33.78%;
  • 3-year return is 20.37%;
  • 5-year return is 17.19%;
  • 10-year return is 16.60%;
  • 15-year return is 14.12%.

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

In the last 10 years, SPECX had 5 up years and 5 down years.

SPECX up and down years

5. What is SPECX dividend yield?

SPECX yield is 0%.

6. What is SPECX minimum initial investment amount?

SPECX minimum initial investment amount is $1.00K.

7. What is SPECX expense ratio?

SPECX expense ratio is 1.27%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

SPECX expenses

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

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

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

  • 1-year ax cost ratio is 1.62%;
  • 3-year ax cost ratio is 1.85%.
SPECX tax costs

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

  • 3-year beta is 1.05;
  • 5-year beta is 1.06;
  • 10-year beta is 1.07;
  • 15-year beta is 1.06.
SPECX Beta

11. What is SPECX Sharpe ratio?

  • 3-year Sharpe ratio is 1.08;
  • 5-year Sharpe ratio is 1.06;
  • 10-year Sharpe ratio is 1.16;
  • 15-year Sharpe ratio is 0.82.
SPECX Sharpe ratio

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 SPECX? What are SPECX buy reasons?

The following are SPECX strengths from our perspective:

  • <strong>SPECX 3-year return</strong> is 20.37%, which is higher than the 3-year return of the benchmark index (Russell 3000 Growth TR USD), 19.7%.
  • <strong>SPECX 5-year return</strong> is 17.19%, which is in line with the 5-year return of the benchmark index (Russell 3000 Growth TR USD), 17.76%.
  • <strong>SPECX 10-year return</strong> is 16.6%, which is in line with the 10-year return of the benchmark index (Russell 3000 Growth TR USD), 16.63%.
  • <strong>SPECX 15-year return</strong> is 14.12%, which is higher than the 15-year return of the benchmark index (Russell 3000 Growth TR USD), 11.65%.

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

The following are SPECX weaknesses from our perspective:

  • <strong>SPECX expense ratio</strong> is 1.27%, 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 SPECX review, we covered SPECX 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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