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Morningstar

Alger Responsible Investing I AGIFX

Morningstar Analyst Rating
Quantitative rating as of
  • NAV / 1-Day Return 12.43  /  1.55 %
  • Total Assets 69.1 Mil
  • Adj. Expense Ratio
    1.350%
  • Expense Ratio 1.280%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category Large Growth
  • Investment Style Large Growth
  • Min. Initial Investment 0
  • Status Open
  • TTM Yield 0.00
  • Turnover 15%

USD | NAV as of Feb 01, 2023 | 1-Day Return as of Feb 01, 2023, 11:11 PM GMT+00:00

Morningstar’s Analysis AGIFX

Will AGIFX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable AGIFX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the AGIFX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of AGIFX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Summary

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The combination of an Average People Pillar rating and a Below Average Process Pillar rating limit Alger Responsible Investing I to a Morningstar Quantitative Rating of Negative. Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-costliest quintile among peers.

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