9 important things you should know about Alger SPEGX mutual fund
Updated: December 03, 2021
Bull case
3-year return above the benchmark
5-year return above the benchmark
Bear case
Low net assets
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. What is SPEGX dividend yield?
  5. What is SPEGX minimum initial investment amount?
  6. Does SPEGX have any sales loads or 12b-1 distribution expenses?
  7. What is SPEGX Finny Score? SPEGX buy or sell?
  8. What are the pros of investing in SPEGX? What are SPEGX buy reasons?
  9. 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 60 stock holdings and 0 bond holdings.

The top 10 holdings represent 49.95% of total assets. Here are the top holdings:

Name Symbol % Assets
Microsoft Corp MSFT 9.42%
Apple Inc AAPL 8.22%
Amazon.com Inc AMZN 7.64%
Salesforce.com Inc CRM 4.99%
Visa Inc Class A V 4.59%
Adobe Inc ADBE 4.29%
Facebook Inc A FB 3.09%
The Home Depot Inc HD 2.66%
PayPal Holdings Inc PYPL 2.56%
Alphabet Inc A GOOGL 2.49%

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

SPEGX has generated the following returns:

  • 1-month return is 1.15%;
  • 3-month return is 3.16%;
  • 1-year return is 3.16%;
  • 3-year return is 28.43%;
  • 5-year return is 22.56%;
  • 10-year return is 17.61%;
  • 15-year return is 10.87%.

4. What is SPEGX dividend yield?

SPEGX yield is 0%.

5. What is SPEGX minimum initial investment amount?

SPEGX minimum initial investment amount is $1.00K.

6. 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.

Analysis

7. What is Finny Score? buy or sell?

Finny Score is 29. Our quantitative analysis shows 2 reasons to buy and 5 reasons to sell it, resulting in the Finny Score of 29.

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

The following are SPEGX strengths from our perspective:

  • SPEGX 3-year return is 28.43%, which is in line with the 3-year return of the benchmark index (Russell 1000 Growth TR USD), 30.84%.
  • SPEGX 5-year return is 22.56%, which is in line with the 5-year return of the benchmark index (Russell 1000 Growth TR USD), 24.76%.

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

The following are SPEGX weaknesses from our perspective:

  • SPEGX net assets are $51.60 million. This fund is not a popular choice with retail investors.
  • SPEGX 10-year return is 17.61%, which is lower than the 10-year return of the benchmark index (Russell 1000 Growth TR USD), 20.33%.
  • SPEGX 15-year return is 10.87%, which is lower than the 15-year return of the benchmark index (Russell 1000 Growth TR USD), 13.53%.
  • SPEGX expense ratio is 1.34%, 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.