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AFGPX Alger International Focus B

  • Fund
  • AFGPX
  • Price as of: Apr 18, 2019
  • $13.01
  • + $0.01
  • + 0.08%
  • Category
  • Foreign Large Cap Growth Equities

AFGPX - Profile

Vitals

  • YTD Return 14.9%
  • 3 Yr Annualized Return 3.0%
  • 5 Yr Annualized Return 0.6%
  • Net Assets $135 M
  • Holdings in Top 10 27.4%

52 WEEK LOW AND HIGH

$13.01
$10.90
$15.30

Expenses

OPERATING RELATED FEES

  • Expense Ratio 2.01%

SALES FEES

  • Front Load N/A
  • Deferred Load 5.00%

BROKERAGE FEES

  • Turnover 207.22%

TRADING FEES

  • Max Redemption Fee 2.00%

Min Investment

Closed to new investors as of 2011-05-02

STANDARD (TAXABLE)

$1,000

IRA

$500

Investment Themes

CATEGORY

Foreign Large Cap Growth Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Foreign Large Growth

Distributions

  • YTD Total Return 14.9%
  • 3 Yr Annualized Total Return 2.1%
  • 5 Yr Annualized Total Return 0.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.40%
DIVIDENDS
  • Dividend Yield 0.8%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name Alger International Focus Fund
  • Fund Family Name Alger
  • Inception Date Nov 11, 1986
  • Shares Outstanding N/A
  • Share Class B
  • Currency USD
  • Domiciled Country United States
  • Manager Pragna D Shere

Fund Description

Under normal circumstances, the fund invests at least 80% of its net assets in equity securities, including common stocks, American Depositary Receipts and Global Depositary Receipts, of foreign companies. It generally invests in at least three foreign countries, and, at times, may invest a substantial portion of its assets in a single foreign country.

AFGPX - Performance

Return Ranking - Trailing

Period AFGPX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 14.9% -19.4% 27.9% 51.79% 3
1 Yr -11.6% -20.7% 41.0% 94.94% 5
3 Yr 3.0% * -19.1% 19.3% 86.83% 5
5 Yr 0.6% * -0.4% 13.2% 95.26% 5
10 Yr 7.6% * -1.7% 16.0% 78.01% 4

* Annualized


Return Ranking - Calendar

Period AFGPX Return Category Return Low Category Return High Rank in Category (%) Quintile
2018 -23.8% -32.2% 33.5% 80.32% 5
2017 19.4% -31.0% 50.9% 75.82% 4
2016 -7.3% -18.1% 18.7% 81.07% 5
2015 0.2% -28.8% 22.2% 40.08% 3
2014 -4.2% -30.7% 24.2% 44.54% 3

Total Return Ranking - Trailing

Period AFGPX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 14.9% -100.0% 27.9% 52.00% 3
1 Yr -15.9% -22.4% 41.0% 97.27% 5
3 Yr 2.1% * -100.0% 25.2% 90.12% 5
5 Yr 0.2% * -0.8% 13.2% 96.55% 5
10 Yr 7.6% * -1.7% 16.0% 77.49% 4

* Annualized


Total Return Ranking - Calendar

Period AFGPX Return Category Return Low Category Return High Rank in Category (%) Quintile
2018 -23.8% -32.2% 33.5% 80.65% 5
2017 19.4% -31.0% 50.9% 77.37% 4
2016 -7.3% -12.2% 20.7% 82.64% 5
2015 0.2% -7.9% 27.9% 61.09% 4
2014 -4.2% -19.9% 24.2% 55.26% 3

NAV & Total Return History

AFGPX - Holdings

Filings data as of: Jan 31, 2019

Concentration Analysis

AFGPX Category Low Category High AFGPX % Rank Quintile
Net Assets 135 M 374 K 35.6 B 26.64% 4
Number of Holdings 47 34 1227 22.39% 5
Net Assets in Top 10 36.1 M 546 K 9.72 B 26.64% 4
Weighting of Top 10 27.4% 8.3% 65.3% 15.06% 3

Top 10 Holdings

  1. Eurofins Scientific SE 3.22%
  2. Kerry Group PLC Class A 2.72%
  3. Takeda Pharmaceutical Co Ltd 2.68%
  4. PJSC Lukoil ADR 3.12%
  5. Tencent Holdings Ltd 3.33%
  6. Yandex NV Shs Class-A- 2.56%
  7. Titan Co Ltd 2.54%
  8. Teleperformance SE 2.43%
  9. Recruit Holdings Co Ltd 2.42%
  10. Credicorp Ltd 2.41%

Asset Allocation

Weighting Category Low Category High AFGPX % Rank Quintile
Stocks
97.89% 55.14% 101.56% 12.36% 2
Cash
2.11% -2.08% 13.73% 18.92% 3
Preferred Stocks
0.00% 0.00% 3.04% 5.02% 5
Other
0.00% -1.56% 7.27% 12.74% 5
Convertible Bonds
0.00% 0.00% 0.00% 0.39% 5
Bonds
0.00% 0.00% 43.89% 3.47% 5

Stock Sector Breakdown

Weighting Category Low Category High AFGPX % Rank Quintile
Consumer Cyclical
20.75% 0.00% 25.73% 2.70% 1
Technology
19.18% 0.00% 27.65% 12.36% 2
Consumer Defense
15.46% 3.14% 33.33% 7.72% 2
Healthcare
13.55% 0.00% 21.14% 10.04% 2
Financial Services
12.55% 0.00% 31.07% 24.71% 4
Industrials
9.61% 1.79% 23.60% 29.34% 5
Energy
5.33% 0.00% 11.17% 5.79% 1
Basic Materials
1.47% 0.00% 16.20% 28.96% 5
Utilities
0.00% 0.00% 10.18% 15.83% 5
Real Estate
0.00% 0.00% 6.96% 17.37% 5
Communication Services
0.00% 0.00% 9.84% 25.10% 5

Stock Geographic Breakdown

Weighting Category Low Category High AFGPX % Rank Quintile
Non US
88.66% 11.58% 100.55% 19.69% 3
US
9.23% 0.00% 86.60% 11.97% 2

AFGPX - Expenses

Operational Fees

AFGPX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 2.01% 0.01% 6.27% 15.89% 5
Management Fee 0.71% 0.00% 1.50% 10.81% 2
12b-1 Fee 1.00% 0.00% 1.00% 0.59% 5
Administrative Fee 0.03% 0.00% 0.35% 13.27% 1

Sales Fees

AFGPX Fees (% of AUM) Category Low Category High AFGPX Rank Quintile
Front Load N/A 0.00% 5.75% N/A N/A
Deferred Load 5.00% 1.00% 5.00% 1.92% 5

Trading Fees

AFGPX Fees (% of AUM) Category Low Category High AFGPX Rank Quintile
Max Redemption Fee 2.00% 1.00% 2.00% 1.16% 5

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

AFGPX Fees (% of AUM) Category Low Category High AFGPX Rank Quintile
Turnover 207.22% 4.00% 207.22% 0.39% 5

AFGPX - Distributions

Dividend Yield Analysis

AFGPX Category Low Category High AFGPX % Rank Quintile
Dividend Yield 0.8% 0.00% 0.95% 2.13% 1

Dividend Distribution Analysis

AFGPX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Quarterly Annually

Dividend Payout History


Net Income Ratio Analysis

AFGPX Category Low Category High AFGPX % Rank Quintile
Net Income Ratio -0.40% -1.43% 2.30% 53.49% 5

Capital Gain Distribution Analysis

AFGPX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Quarterly Annually

AFGPX - Managers

Pragna D Shere

Manager

Start Date

Mar 28, 2018

Tenure

1.01

Tenure Rank

21.0%

Pragna Shere, CFA is Senior Vice President, Portfolio Manager for the Alger International Growth and Global Growth strategy. She joined the Firm in April 2018. She has 28 years of investment experience, most recently as a portfolio manager and analyst at Redwood Investments, Inc. where she served as a member of the international investment team focusing on four international strategies. Prior to Redwood Investments, Pragna also held senior investment positions at Ashfield Capital, United Nations Joint Staff Pensions Fund, and Clay Finlay. Pragna holds a B.A. in Economics and Psychology from the State University of New York at Stony Brook.


Gregory M. Jones

Manager

Start Date

Mar 28, 2018

Tenure

1.01

Tenure Rank

21.0%

Gregory Jones, CFA is Senior Vice President and Portfolio Manager of the Alger Global Growth and the Alger International Growth strategies. He joined Alger in March 2018 and has 33 years of experience. Prior to joining Alger, Gregory worked at Redwood Investments where he was a portfolio manager responsible for non-U.S. equity strategies. Previously, he was Co-CIO and Portfolio Manager at Ashfield Capital Partners. In addition, Gregory founded Jadeite Capital in 2007, formed to manage APAC, emerging markets, and global long-short equity funds. Prior, Gregory was Managing Director and Senior Portfolio Manager at Clay Finlay, Inc. Gregory earned his B.A. from Duke University, and M.B.A. from The University of Chicago Graduate School of Business. In addition, Gregory is a CFA charterholder and a member of the CFA Institute. Greg also served on the board and management committees of Clay Finlay, Inc. and Ashfield Capital Partners.


Tenure Analysis

Category Low

0.0

Category High

24.5

Category Average

6.34

Category Mode

4.3