Alger Mid Cap Focus Fund Class Z (AFOZX)
| Fund Assets | 360.22M |
| Expense Ratio | 0.82% |
| Min. Investment | $500,000 |
| Turnover | 265.15% |
| Dividend (ttm) | n/a |
| Dividend Yield | n/a |
| Dividend Growth | n/a |
| Payout Frequency | n/a |
| Ex-Dividend Date | n/a |
| Previous Close | 23.23 |
| YTD Return | 11.13% |
| 1-Year Return | 23.98% |
| 5-Year Return | 24.37% |
| 52-Week Low | 18.44 |
| 52-Week High | 24.20 |
| Beta (5Y) | n/a |
| Holdings | 54 |
| Inception Date | Jun 14, 2019 |
About AFOZX
The Alger Mid Cap Focus Fund is an actively managed U.S. equity mid-cap growth fund. It seeks long-term capital appreciation by investing primarily in mid-cap companies, focusing on growth opportunities. The fund typically holds a concentrated portfolio of around 50 positions, highlighting its emphasis on thorough research and selectivity. It covers a range of sectors, often including technology, industrials, and healthcare, which are integral to U.S. economic growth. By targeting mid-cap companies, the fund plays a significant role in the financial market by providing capital to businesses that are poised for substantial expansion and growth. This strategic approach allows the fund to contribute to the broader mid-cap segment, which is crucial for investors seeking growth potential beyond the large-cap market.
Performance
AFOZX had a total return of 23.98% in the past year, including dividends. Since the fund's inception, the average annual return has been 14.57%.
Top 10 Holdings
33.27% of assets| Name | Symbol | Weight |
|---|---|---|
| Vertiv Holdings Co | VRT | 4.52% |
| Comfort Systems USA, Inc. | FIX | 4.35% |
| Dreyfus Treasury Obligations Cash Management | DTRXX | 4.08% |
| RBC Bearings Incorporated | RBC | 3.17% |
| Cloudflare, Inc. | NET | 3.03% |
| Databricks, Inc. Series J | n/a | 2.94% |
| Monolithic Power Systems, Inc. | MPWR | 2.83% |
| Howmet Aerospace Inc. | HWM | 2.78% |
| Modine Manufacturing Company | MOD | 2.78% |
| Nebius Group N.V. | NBIS | 2.78% |