Alger Mid Cap Growth Institutional Fund Class R (AGIRX)
| Fund Assets | 54.99M |
| Expense Ratio | 1.85% |
| Min. Investment | $0.00 |
| Turnover | 91.15% |
| Dividend (ttm) | n/a |
| Dividend Yield | n/a |
| Dividend Growth | n/a |
| Payout Frequency | n/a |
| Ex-Dividend Date | n/a |
| Previous Close | 20.81 |
| YTD Return | -1.49% |
| 1-Year Return | 6.23% |
| 5-Year Return | -1.78% |
| 52-Week Low | 14.86 |
| 52-Week High | 22.59 |
| Beta (5Y) | 1.01 |
| Holdings | 70 |
| Inception Date | Jan 27, 2003 |
About AGIRX
The Alger Mid Cap Growth Institutional Fund Class R is an actively managed mutual fund focused on U.S. mid-cap growth equities. Its primary goal is to invest in mid-sized companies that exhibit strong potential for above-average growth, as identified through in-depth fundamental research. The fund’s portfolio is diversified across various sectors, including technology, industrials, financial services, healthcare, and communication services, with significant allocations to technology and industrial firms. Notable holdings include companies such as AppLovin Corp, GFL Environmental, and Vertiv Holdings. The fund aims to capture growth opportunities among mid-cap firms, which are often positioned between smaller, high-growth companies and more established large-cap businesses. With a relatively high expense ratio and active management approach, the fund caters to institutional retirement-focused investors seeking exposure to dynamic mid-cap growth opportunities in the U.S. equity market. Established in 2003, the fund plays a niche role by targeting companies that can benefit from innovation and sectoral trends while maintaining a keen focus on growth characteristics.
Performance
AGIRX had a total return of 6.23% in the past year, including dividends. Since the fund's inception, the average annual return has been 14.67%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
Top 10 Holdings
29.40% of assets| Name | Symbol | Weight |
|---|---|---|
| Repligen Corporation | RGEN | 3.21% |
| FTAI Aviation Ltd. | FTAI | 3.11% |
| GFL Environmental Inc. | GFL | 3.04% |
| O'Reilly Automotive, Inc. | ORLY | 3.01% |
| CBRE Group, Inc. | CBRE | 2.98% |
| RBC Bearings Incorporated | RBC | 2.94% |
| Cloudflare, Inc. | NET | 2.93% |
| Natera, Inc. | NTRA | 2.89% |
| Howmet Aerospace Inc. | HWM | 2.66% |
| Ryan Specialty Holdings, Inc. | RYAN | 2.64% |