Alger International Opportunities Fund Class A (ALGAX)
| Fund Assets | 159.50M |
| Expense Ratio | 1.30% |
| Min. Investment | $1,000 |
| Turnover | 93.24% |
| Dividend (ttm) | 0.99 |
| Dividend Yield | 4.28% |
| Dividend Growth | n/a |
| Payout Frequency | n/a |
| Ex-Dividend Date | Dec 12, 2024 |
| Previous Close | 21.92 |
| YTD Return | 17.62% |
| 1-Year Return | 11.96% |
| 5-Year Return | 43.86% |
| 52-Week Low | 17.45 |
| 52-Week High | 22.30 |
| Beta (5Y) | n/a |
| Holdings | 42 |
| Inception Date | Jan 1, 1997 |
About ALGAX
Alger International Opportunities Fund Class A is a mutual fund focused on achieving long-term capital appreciation by investing primarily in equities of companies located outside the United States. The fund typically holds a concentrated portfolio of approximately 35 to 45 securities, emphasizing growth-oriented companies that are considered to be of high quality and attractively valued. This strategy provides exposure to a diversified range of sectors, including technology, consumer cyclicals, financial services, and healthcare, with notable holdings in firms such as Ferrari NV, ASML Holding NV, and Novo Nordisk A/S. The fund’s approach aims to capture opportunities in international markets, making it relevant for investors seeking diversification beyond U.S.-based equities. With a minimum initial investment and an above-average expense ratio within its peer group, the fund is designed for those focused on the potential of established and emerging leaders in global markets. Its turnover rate reflects an active management style, indicating regular portfolio adjustments in response to evolving market dynamics.
Performance
ALGAX had a total return of 11.96% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.88%.
Top 10 Holdings
33.83% of assets| Name | Symbol | Weight |
|---|---|---|
| Dreyfus Treasury Obligations Cash Management | DTRXX | 4.45% |
| Taiwan Semiconductor Manufacturing Company Limited | TSM | 4.03% |
| Nintendo Co Ltd | 7974 | 3.50% |
| ICICI Bank Limited | IBN | 3.45% |
| CTS Eventim AG & Co KGaA | EVD | 3.45% |
| Lonza Group AG | LONN | 3.23% |
| HEICO Corporation | HEI | 3.12% |
| CaixaBank SA | CABK | 2.92% |
| Minerals Technologies Inc. | MTX | 2.87% |
| AstraZeneca PLC | AZN | 2.82% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 12, 2024 | $0.9932 | Dec 12, 2024 |
| Dec 15, 2021 | $1.969 | Dec 15, 2021 |
| Dec 18, 2019 | $0.6897 | Dec 18, 2019 |
| Dec 18, 2018 | $0.4272 | Dec 18, 2018 |
| Dec 15, 2017 | $0.8805 | Dec 15, 2017 |
| Dec 14, 2016 | $0.2432 | Dec 14, 2016 |