Alger Mid Cap Growth Institutional Fund Class I (ALMRX)
| Fund Assets | 55.18M |
| Expense Ratio | 1.25% |
| 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 | 26.35 |
| YTD Return | -7.25% |
| 1-Year Return | 18.96% |
| 5-Year Return | -16.19% |
| 52-Week Low | 19.56 |
| 52-Week High | 29.89 |
| Beta (5Y) | n/a |
| Holdings | 68 |
| Inception Date | Nov 8, 1993 |
About ALMRX
The Alger Mid Cap Growth Institutional Fund Class I is a mutual fund designed for investors seeking long-term capital appreciation by focusing on the growth potential of U.S. mid-cap companies. The fund invests at least 80% of its net assets in equity securities of firms with market capitalizations that fall within the range defined by major mid-cap indices, such as the Russell Midcap Growth Index and the S&P MidCap 400 Index. This approach targets businesses that demonstrate above-average growth characteristics, including rapid expansion in earnings, sales, and cash flow, as well as high valuation metrics typical of the growth style. The fund holds a diversified portfolio, with its top ten holdings comprising roughly a third of total assets and spanning sectors like technology, industrials, and financial services. Notable companies include AppLovin Corporation, GFL Environmental, and Blue Owl Capital. Established in 1993, the fund has a multi-decade track record and is actively managed, employing rigorous fundamental research to select holdings. Its market significance lies in providing institutional and individual investors with targeted exposure to the mid-cap growth segment—an area often associated with dynamic innovation and substantial growth potential within the broader U.S. equity market.
Performance
ALMRX had a total return of 18.96% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.04%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
Top 10 Holdings
28.71% of assets| Name | Symbol | Weight |
|---|---|---|
| FTAI Aviation Ltd. | FTAI | 3.47% |
| Repligen Corporation | RGEN | 3.03% |
| RBC Bearings Incorporated | RBC | 2.92% |
| CBRE Group, Inc. | CBRE | 2.92% |
| GFL Environmental Inc. | GFL | 2.83% |
| Howmet Aerospace Inc. | HWM | 2.81% |
| Natera, Inc. | NTRA | 2.73% |
| Cloudflare, Inc. | NET | 2.68% |
| TKO Group Holdings, Inc. | TKO | 2.67% |
| O'Reilly Automotive, Inc. | ORLY | 2.66% |