ALCZX — Alger International Focus Fund, Class Z
Data updated: 2026-09-25
ALCZX — Alger International Focus Fund, Class Z. 0.86% expense ratio · since 2010. Holdings, fees, performance and SEC filings.
ALCZX Fund Overview
ALCZX — Alger International Focus Fund, Class Z is a US mutual fund managed by Alger Funds, categorised as Developed ex-US Large Cap Growth Information Technology Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Alger Funds
- Category: Developed ex-US Large Cap Growth Information Technology Equity
- Assets under management: $180.43M
- 1-year return: 16.3%
- Ticker: ALCZX
- SEC CIK: 0000003521
- SEC series ID: S000009159
- Share class ID: C000095957
ALCZX Investment Objective and Strategy
Alger International Focus Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Alger Funds.
Investment objective
Alger International Focus Fund seeks long-term capital appreciation.
Principal investment strategy
The Fund invests in companies that it believes are attractively valued, high quality growth companies. High quality growth companies are those companies that have definable strategic advantages/moat and competitive positioning that offer strong earnings visibility and sustainability. Moat refers to a business' ability to maintain competitive advantages over its competitors in order to protect its long-term profits and market share from competing firms. The Fund focuses on analyzing growth trajectories and identifying catalysts for future growth for companies that are in a positive earnings revision cycle. The Fund is an all-cap, all-country, opportunistic focus fund which generally holds less than 50 holdings. 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.
Foreign companies are companies (i) that are organized under the laws of a foreign country; (ii) whose securities are primarily listed in a foreign country; or (iii) that have a majority of their assets, or derive more than 50% of their revenue or profits from businesses, investments, or sales, outside the U.S. The Fund normally focuses its foreign investments in developed countries, but may also invest in emerging market securities. The Fund may invest in companies of any market capitalization, from large, well-established companies to small, emerging growth companies. Emerging market countries include all countries categorized as Emerging Markets or Frontier Markets by MSCI. The Fund generally invests in at least three foreign countries, and, at times, may invest a substantial portion of its assets in a single foreign country.
The Fund's benchmark is the Morgan Stanley Capital International (MSCI) All Country World Index (ACWI) ex USA, which is an unmanaged, market capitalization-weighted index designed to provide a broad measure of equity market performance throughout the world, including both developed and emerging markets, but excluding the United States. The Fund's portfolio manager(s) may sell a stock when it reaches a target price, it fails to perform as expected, or other opportunities appear more attractive. As a result, the Fund may engage in active trading of portfolio securities.
ALCZX Holdings
Top 10 holdings of Alger International Focus Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Taiwan Semiconductor Manufacturing Company Ltd. | 8.05% |
| Mizuho Financial Group, Inc. | 3.83% |
| Hsbc Holdings PLC | 3.56% |
| Hitachi Ltd. | 3.27% |
| Siemens Energy AG | 3.03% |
| National Bank of Greece SA | 2.99% |
| Coca-Cola Hbc AG | 2.94% |
| Credicorp Ltd. | 2.92% |
| Advantest Corp. | 2.92% |
| Finecobank Banca Fineco Spa | 2.90% |
ALCZX Portfolio Allocation
Asset-class allocation of Alger International Focus Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 98.6% |
| Cash & Equivalents | 2.0% |
ALCZX Performance
Total returns for ALCZX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 5.85% |
| 1 year | 16.25% |
| 3 years (annualised) | 10.05% |
| 5 years (annualised) | 5.88% |
ALCZX Risk Information
Risk metrics for ALCZX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 15.26%
ALCZX Costs and Fees
ALCZX costs about $86 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.86%
- Gross expense ratio: 0.94%
- Portfolio turnover: 92%
- Brokerage commissions: 24.34 bps of average net assets (SEC N-CEN)
ALCZX Cashflows
Over the 12 months to 2026-04, Alger International Focus Fund had net inflows of $12.85M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-04 | −$97.64K |
| 2026-03 | −$815.51K |
| 2026-02 | −$2.46M |
| 2026-01 | $43.58K |
| 2025-12 | $14.94M |
| 2025-11 | −$512.78K |
ALCZX Debt Constituents
No individual debt constituents are reported in Alger International Focus Fund's latest SEC N-PORT filing.
ALCZX Prospectus and SEC Filings
Official Alger International Focus Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2025-02-26
- Prospectus supplement (497) — filed 2026-03-05
- Prospectus supplement (497) — filed 2025-03-04
- Portfolio holdings (N-PORT) — filed 2026-09-25
- Portfolio holdings (N-PORT) — filed 2026-06-26
- Portfolio holdings (N-PORT) — filed 2026-03-27
- Annual census (N-CEN) — filed 2026-01-14
- Annual census (N-CEN) — filed 2025-01-13
Related Funds
Other Developed ex-US Large Cap Growth Information Technology Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.