Finny logo
Finny logo
Dibs:
Dibs:
0

7-day free trial: Get unlimited comparisons, and stock, ETF and mutual fund analyses for just $14.95 a month, without ads. Start a free trial. Go ad free!

15 important things you should know about Alger SPEGX mutual fund

Updated: September 28, 2020
14
Bull Case
  • 3-year return above the benchmark
Bear Case
  • Low net assets
  • 5-year return below the benchmark
  • 10-year return below the benchmark
  • 15-year return below the benchmark
  • High expense ratio
  • Sales load and/or distribution fees

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

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

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

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

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

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

Fact Sheet

1. Describe Alger Funds II: Alger Responsible Investing Fund; Class A Shares (SPEGX).

The Portfolio seeks long-term capital appreciation. Invests in equity securities of companies of any size that are deemed to conduct their business in a socially responsible manner while demonstrating promising growth potential.

2. What are SPEGX top holdings?

SPEGX has 62 stock holdings and 0 bond holdings.

The top 10 holdings represent 47.92% of total assets. Here are the top holdings:

Name Symbol % Assets
Microsoft Corp MSFT 10.07%
Amazon.com Inc AMZN 8.96%
Apple Inc AAPL 5.92%
Visa Inc Class A V 4.61%
Salesforce.com Inc CRM 4.08%
Adobe Inc ADBE 3.68%
Facebook Inc A FB 2.80%
Alphabet Inc A GOOGL 2.67%
The Home Depot Inc HD 2.66%
Vertex Pharmaceuticals Inc VRTX 2.47%

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

SPEGX has generated the following returns:

  • 1-month return is -3.95%;
  • 3-month return is 8.89%;
  • 1-year return is 31.41%;
  • 3-year return is 18.56%;
  • 5-year return is 16.23%;
  • 10-year return is 13.39%;
  • 15-year return is 10.13%.

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

In the last 10 years, SPEGX had 8 up years and 2 down years.

SPEGX up and down years

5. What is SPEGX dividend yield?

SPEGX yield is 0%.

6. What is SPEGX minimum initial investment amount?

SPEGX minimum initial investment amount is $1.00K.

7. What is SPEGX expense ratio?

SPEGX expense ratio is 1.35%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

SPEGX expenses

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

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

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

  • 1-year ax cost ratio is 1.69%;
  • 3-year ax cost ratio is 2.14%.
SPEGX tax costs

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

  • 3-year beta is 1.01;
  • 5-year beta is 1.00;
  • 10-year beta is 0.99;
  • 15-year beta is 1.03.
SPEGX Beta

11. What is SPEGX Sharpe ratio?

  • 3-year Sharpe ratio is 0.92;
  • 5-year Sharpe ratio is 0.82;
  • 10-year Sharpe ratio is 0.96;
  • 15-year Sharpe ratio is 0.64.
SPEGX Sharpe ratio

Analysis

12. What is Finny Score? buy or sell?

Finny Score is 14. Our quantitative analysis shows 1 reason to buy and 6 reasons to sell it, resulting in the Finny Score of 14.

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

The following are SPEGX strengths from our perspective:

  • <strong>SPEGX 3-year return</strong> is 18.56%, which is in line with the 3-year return of the benchmark index (Russell 1000 Growth TR USD), 20.53%.

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

The following are SPEGX weaknesses from our perspective:

  • <strong>SPEGX net assets</strong> are $31.60 million. This fund is not a popular choice with retail investors.
  • <strong>SPEGX 5-year return</strong> is 16.23%, which is lower than the 5-year return of the benchmark index (Russell 1000 Growth TR USD), 18.39%.
  • <strong>SPEGX 10-year return</strong> is 13.39%, which is lower than the 10-year return of the benchmark index (Russell 1000 Growth TR USD), 16.95%.
  • <strong>SPEGX 15-year return</strong> is 10.13%, which is lower than the 15-year return of the benchmark index (Russell 1000 Growth TR USD), 11.85%.
  • <strong>SPEGX expense ratio</strong> is 1.35%, 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 SPEGX review, we covered SPEGX 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.
Follow Us