Fund Evaluator:
Alger International Opportunities C (ALGCX)
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Best Performing in Foreign Large Growth Over the Last Year
| 27.0% | WCM Focused International Equity Inv (WLIVX) |
| 25.4% | Saturna International Z (SIFZX) |
| 25.1% | Saturna International (SSIFX) |
| 24.2% | American Funds EUPAC F-3 (FEUPX) |
| 23.2% | Fidelity Diversified International (FDIVX) |
Fund Details
Alger International Opportunities C Overview
Alger International Opportunities C (ALGCX) is an actively managed International Equity Foreign Large Growth fund. Alger launched the fund in 1997.
The investment seeks long-term capital appreciation. 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.
About Alger International Opportunities C (ALGCX)
There are 3 members of the management team with an average tenure of 2.50 years: Ezra Samet (2024), Don Smith (2024), Michael Mufson (2024). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: MSCI ACWI Ex USA GR USD index with a weighting of 100%. Alger International Opportunities C has 41 securities in its portfolio. The top 10 holdings constitute 42.9% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Alger International Opportunities C is part of the Equity global asset class and is within the International Equity fund group. Alger International Opportunities C has 88.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 9.7%. There is 88.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Alger International Opportunities C has 2.3% of the portfolio in cash.
Assets Under Management
The fund has $1 million in total assets, which is below the $1 billion average for the Foreign Large Growth category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
ALGCX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Alger International Opportunities C expense ratio is high compared to funds in the Foreign Large Growth category. Alger International Opportunities C has an expense ratio of 2.08%, which is 101% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Alger International Opportunities C has a portfolio turnover rate of 92%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 51% for the Foreign Large Growth category.
Recently, in the month of July 2026, Alger International Opportunities C returned -3.5%, which earned it a grade of D, as the Foreign Large Growth category had an average return of -2.7%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Alger International Opportunities C has a trailing yield of 0.60%, which is below the 0.95% category average. The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Alger International Opportunities C Grades
Year to date, the fund has returned 9.8%, 3.3 percentage points better than the category, which translates into a grade of B. The fund has returned 11.3% over the past year (grade of C), 11.0% over the past three years (grade of C) and 2.2% per year over the past five years (grade of D) and 7.3% per year over the past 10 years (grade of D).
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ALGCX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| ALGCX Return (NAV) | -3.5% | 4.2% | 11.3% | 11.0% | 2.2% | 7.3% |
| ALGCX Grade | D | B | C | C | D | D |
| +/- Category | -0.8% | 1.6% | -1.8% | 0.3% | -1.0% | -0.9% |
| Foreign Large Growth Avg | -2.7% | 2.6% | 13.1% | 10.7% | 3.2% | 8.2% |
| ALGCX Tax Cost Ratio | na | na | 3.2% | 1.6% | 1.4% | 1.2% |
ALGCX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| ALGCX Return (NAV) | 9.8% | 17.6% | 4.7% | 16.9% | -31.6% | 8.0% | 41.9% | 26.7% | -21.5% | 25.7% | -6.2% |
| ALGCX Grade | B | D | C | C | F | D | A | F | F | F | F |
| +/- Category | 3.3% | -2.4% | -0.6% | 0.3% | -6.4% | -0.1% | 16.4% | -2.6% | -7.9% | -6.4% | -4.6% |
| Foreign Large Growth Avg | 6.5% | 20.0% | 5.3% | 16.7% | -25.2% | 8.1% | 25.5% | 29.3% | -13.6% | 32.1% | -1.6% |
| Risk Measures | |
| Standard Deviation: | 14.7% |
| Total Risk Index: | 1.20 - Above Average |
| Category Risk Index: | 0.96 - Average |
| Category Risk Grade: | C (49% Rank) |
| Beta: | 0.92 |
| R-Squared: | 76% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Growth |
| Bond Investment Style: | na |
| Yield: | 0.6% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $180 Mil |
| Fund Total Assets: | $ 1 Mil |
| Share Class Type: | C |
| Portfolio Turnover: | 92% |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 2.5 years | |||
| Average Tenure: 2.5 years | |||
| Managers (Year): Samet Ezra (2024), Smith Don (2024), Mufson Michael (2024) | |||
Portfolio Composition (as of 5/31/26)
| # of Holdings: | 41 |
| % in Top 10 Holdings: | 42.9% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 88.0% |
Portfolio Allocation |
|
| Domestic Stock: | 9.7% |
| Foreign Stock: | 88.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 2.3% |
Purchase Information
| Fund Family: | Alger |
| Phone Number: | 800-992-3863 |
| Website: | www.alger.com |
| Status: | Open |
| Inception Date: | July 31, 1997 |
| Min. Initial Purchase: | $1,000 |
| Min. Initial IRA Purchase: | $ 500 |
| True No-Load: | No |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 1.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 1.00% |
Expenses and Fees | |
| Expense Ratio (%): | 2.08% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.03% |
| Share Class: | Alger International Opportunities B |
| Min. Subsequent Purchase: | $ 50 |
| Min. Subsequent IRA Purchase: | $ 50 |
