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.
Fund Family Alger
Category Mid-Cap Growth
Performance Rating Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol AGIRX
Share Class Class R
Index Russell MidCap Growth TR
AGIRX had a total return of 10.20% in the past year, including dividends. Since the fund's
inception, the average annual return has been 6.11%.
