Alger Mid Cap Growth Institutional Fund Class I (ALMRX)
| Fund Assets | 59.64M |
| Expense Ratio | 1.27% |
| 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 | 30.47 |
| YTD Return | 9.01% |
| 1-Year Return | 18.61% |
| 5-Year Return | -4.27% |
| 52-Week Low | 25.09 |
| 52-Week High | 31.41 |
| Beta (5Y) | 1.08 |
| Holdings | 70 |
| 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 18.61% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.51%.
Top 10 Holdings
32.06% of assets| Name | Symbol | Weight |
|---|---|---|
| Vertiv Holdings Co | VRT | 3.97% |
| RBC Bearings Incorporated | RBC | 3.90% |
| Comfort Systems USA, Inc. | FIX | 3.71% |
| Howmet Aerospace Inc. | HWM | 3.46% |
| Cloudflare, Inc. | NET | 3.31% |
| GFL Environmental Inc. | GFL | 3.14% |
| TKO Group Holdings, Inc. | TKO | 2.72% |
| Natera, Inc. | NTRA | 2.63% |
| Monolithic Power Systems, Inc. | MPWR | 2.61% |
| QXO, Inc. | QXO | 2.61% |