9 important things you should know about Alger SPECX mutual fund
Updated: December 03, 2021
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. What is SPECX dividend yield?
  5. What is SPECX minimum initial investment amount?
  6. Does SPECX have any sales loads or 12b-1 distribution expenses?
  7. What is SPECX Finny Score? SPECX buy or sell?
  8. What are the pros of investing in SPECX? What are SPECX buy reasons?
  9. 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 106 stock holdings and 0 bond holdings.

The top 10 holdings represent 50.72% of total assets. Here are the top holdings:

Name Symbol % Assets
Microsoft Corp MSFT 8.52%
Amazon.com Inc AMZN 7.78%
Apple Inc AAPL 7.74%
Facebook Inc A FB 4.44%
Visa Inc Class A V 4.42%
Alphabet Inc Class C GOOG 4.15%
Alibaba Group Holding Ltd ADR BABA 4.10%
Salesforce.com Inc CRM 3.45%
Adobe Inc ADBE 3.09%
T-Mobile US Inc TMUS 3.03%

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

SPECX has generated the following returns:

  • 1-month return is -1.83%;
  • 3-month return is 2.57%;
  • 1-year return is 2.57%;
  • 3-year return is 28.21%;
  • 5-year return is 23.27%;
  • 10-year return is 19.42%;
  • 15-year return is 14.38%.

4. What is SPECX dividend yield?

SPECX yield is 0%.

5. What is SPECX minimum initial investment amount?

SPECX minimum initial investment amount is $1.00K.

6. 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.

Analysis

7. 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.

8. What are the pros of investing in SPECX? What are SPECX buy reasons?

The following are SPECX strengths from our perspective:

  • SPECX 3-year return is 28.21%, which is in line with the 3-year return of the benchmark index (Russell 3000 Growth TR USD), 29.92%.
  • SPECX 5-year return is 23.27%, which is in line with the 5-year return of the benchmark index (Russell 3000 Growth TR USD), 24.03%.
  • SPECX 10-year return is 19.42%, which is in line with the 10-year return of the benchmark index (Russell 3000 Growth TR USD), 19.98%.
  • SPECX 15-year return is 14.38%, which is higher than the 15-year return of the benchmark index (Russell 3000 Growth TR USD), 13.27%.

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

The following are SPECX weaknesses from our perspective:

  • SPECX expense ratio is 1.15%, 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.