Alger Mid Cap Focus Fund Class I (AFOIX)
| Fund Assets | 326.77M |
| Expense Ratio | 1.11% |
| Min. Investment | $500,000 |
| Turnover | 261.15% |
| Dividend (ttm) | n/a |
| Dividend Yield | n/a |
| Dividend Growth | n/a |
| Payout Frequency | n/a |
| Ex-Dividend Date | n/a |
| Previous Close | 19.94 |
| YTD Return | -0.83% |
| 1-Year Return | 6.63% |
| 5-Year Return | -3.23% |
| 52-Week Low | 13.76 |
| 52-Week High | 21.69 |
| Beta (5Y) | 1.09 |
| Holdings | 52 |
| Inception Date | Jun 14, 2019 |
About AFOIX
Alger Mid Cap Focus Fund Class I is an actively managed mutual fund designed to pursue long-term capital appreciation by investing primarily in U.S. mid-cap growth companies. The fund typically allocates at least 80% of its net assets to the equity securities of mid-cap firms, targeting businesses that demonstrate strong growth prospects and innovative characteristics. Managed by Amy Zhang since its inception in 2019, the fund builds a concentrated portfolio of approximately 50 holdings, reflecting Alger’s conviction in select stocks identified through fundamental research. The fund’s portfolio spans a range of sectors, with notable exposures to technology, healthcare, industrials, and communication services. Key holdings have included companies like AppLovin, Natera, and Axon Enterprise, illustrating its focus on emerging leaders within their respective industries. The fund is classified in the mid-cap growth category and uses the S&P 500 Total Return Index as a benchmark for performance evaluation. With a relatively high turnover rate and a focus on growth-oriented equities, Alger Mid Cap Focus Fund Class I plays a significant role in offering investors access to the dynamic segment of U.S. mid-sized companies.
Performance
AFOIX had a total return of 6.63% in the past year, including dividends. Since the fund's inception, the average annual return has been 15.14%.
Top 10 Holdings
31.72% of assets| Name | Symbol | Weight |
|---|---|---|
| Comfort Systems USA, Inc. | FIX | 3.64% |
| Repligen Corporation | RGEN | 3.60% |
| FTAI Aviation Ltd. | FTAI | 3.36% |
| Natera, Inc. | NTRA | 3.32% |
| Amphenol Corporation | APH | 3.27% |
| Databricks Inc Series J Pfd | n/a | 3.06% |
| AppLovin Corporation | APP | 2.97% |
| Cash | n/a | 2.88% |
| Robinhood Markets, Inc. | HOOD | 2.88% |
| Cloudflare, Inc. | NET | 2.74% |