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AFGPX Alger International Focus B

  • Fund
  • AFGPX
  • Price as of: Jun 24, 2019
  • $13.26 - $0.00 - 0.00%
  • Category
  • Foreign Large Cap Growth Equities

AFGPX - Profile

Vitals

  • YTD Return 17.1%
  • 3 Yr Annualized Return 3.4%
  • 5 Yr Annualized Return -1.2%
  • Net Assets $132 M
  • Holdings in Top 10 27.0%

52 WEEK LOW AND HIGH

$13.26
$10.90
$14.72

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 May 02, 2011

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 17.1%
  • 3 Yr Annualized Total Return 6.7%
  • 5 Yr Annualized Total Return 0.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.40%
DIVIDENDS
  • Dividend Yield 0.0%
  • 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 Gregory M. Jones

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 (%)
YTD 17.1% -10.5% 19.6% 50.00%
1 Yr -8.9% -23.0% 4.1% 68.50%
3 Yr 3.4%* -9.8% 16.1% 89.80%
5 Yr -1.2%* -14.3% 10.4% 83.94%
10 Yr 5.5%* -3.0% 9.9% 59.09%

* Annualized


Return Ranking - Calendar

Period AFGPX Return Category Return Low Category Return High Rank in Category (%)
2018 -23.8% -32.2% -6.8% 82.50%
2017 19.4% 3.1% 50.9% 94.00%
2016 -7.3% -12.2% 11.1% 85.71%
2015 0.2% -28.8% 8.1% 42.35%
2014 -4.2% -23.5% 4.9% 42.63%

Total Return Ranking - Trailing

Period AFGPX Return Category Return Low Category Return High Rank in Category (%)
YTD 17.1% -10.5% 19.6% 47.00%
1 Yr -6.2% -23.0% 6.2% 66.00%
3 Yr 6.7%* -9.8% 16.8% 67.35%
5 Yr 0.7%* -14.3% 12.0% 76.68%
10 Yr 6.5%* -3.0% 14.1% 63.64%

* Annualized


Total Return Ranking - Calendar

Period AFGPX Return Category Return Low Category Return High Rank in Category (%)
2018 -21.5% -32.2% -5.8% 79.50%
2017 25.8% 3.1% 53.4% 74.00%
2016 -6.2% -12.2% 13.4% 79.59%
2015 0.2% -28.8% 11.4% 59.18%
2014 -4.2% -12.5% 14.7% 51.05%

NAV & Total Return History

AFGPX - Holdings

Concentration Analysis

AFGPX Category Low Category High AFGPX % Rank
Net Assets 132 M 17.1 M 37.4 B 88.50%
Number of Holdings 47 34 1227 89.50%
Net Assets in Top 10 37.8 M 4.73 M 11.6 B 88.50%
Weighting of Top 10 27.00% 8.3% 65.5% 47.00%

Top 10 Holdings

  1. Eurofins Scientific SE 2.92%

  2. Tencent Holdings Ltd 2.91%

  3. AIA Group Ltd 2.82%

  4. Moncler SpA 2.82%

  5. Yandex NV Shs Class-A- 2.68%

  6. PJSC Lukoil ADR 2.67%

  7. Interpump Group SpA 2.58%

  8. Teleperformance SE 2.55%

  9. Recruit Holdings Co Ltd 2.54%

  10. Safran SA 2.51%


Asset Allocation

Weighting Return Low Return High AFGPX % Rank
Stocks
96.70% 55.44% 100.00% 53.50%
Cash
3.30% -2.73% 13.97% 39.50%
Preferred Stocks
0.00% 0.00% 2.92% 90.50%
Other
0.00% 0.00% 4.27% 91.50%
Convertible Bonds
0.00% 0.00% 0.00% 90.50%
Bonds
0.00% 0.00% 43.57% 91.00%

Stock Sector Breakdown

Weighting Return Low Return High AFGPX % Rank
Technology
24.78% 0.00% 31.17% 17.50%
Consumer Cyclical
20.02% 0.00% 26.83% 6.50%
Consumer Defense
13.39% 3.99% 33.51% 42.50%
Industrials
10.17% 1.81% 23.72% 82.50%
Financial Services
9.13% 0.00% 31.07% 83.50%
Healthcare
8.43% 0.00% 19.27% 75.00%
Energy
4.80% 0.00% 9.00% 18.00%
Basic Materials
2.85% 0.00% 14.27% 69.00%
Communication Services
2.08% 0.00% 9.71% 29.00%
Real Estate
1.05% 0.00% 5.12% 35.00%
Utilities
0.00% 0.00% 10.41% 93.50%

Stock Geographic Breakdown

Weighting Return Low Return High AFGPX % Rank
Non US
90.27% 10.87% 98.96% 46.00%
US
6.43% 0.76% 85.63% 52.00%

AFGPX - Expenses

Operational Fees

AFGPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.01% 0.01% 3.52% 15.00%
Management Fee 0.71% 0.00% 1.50% 27.50%
12b-1 Fee 1.00% 0.00% 1.00% 97.69%
Administrative Fee 0.03% 0.01% 0.35% 17.65%

Sales Fees

AFGPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load 5.00% 1.00% 5.00% 14.71%

Trading Fees

AFGPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 2.00% 1.00% 2.00% 59.46%

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 Return Low Category Return High Rank in Category (%)
Turnover 207.22% 5.00% 207.22% 99.50%

AFGPX - Distributions

Dividend Yield Analysis

AFGPX Category Low Category High AFGPX % Rank
Dividend Yield 0.03% 0.00% 1.75% 3.50%

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
Net Income Ratio -0.40% -1.21% 2.30% 90.50%

Capital Gain Distribution Analysis

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

AFGPX - Managers

Gregory M. Jones

Manager

Start Date

Tenure

Tenure Rank

Mar 28, 2018

1.18

1.2%

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.


Pragna D Shere

Manager

Start Date

Tenure

Tenure Rank

Mar 28, 2018

1.18

1.2%

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.


Tenure Analysis

Category Low

0.25

Category High

24.68

Category Average

7.18

Category Mode

6.25