Alger Mid Cap Growth Institutional Fund Class I (ALMRX)

Fund Assets	57.03M
Expense Ratio	1.287%
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	28.98
YTD Return	3.13%
1-Year Return	0.48%
5-Year Return	-15.06%
52-Week Low	25.09
52-Week High	31.70
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.

• Fund Family: Alger
• Category: Mid-Cap Growth
• Performance Rating: Average
• Risk Rating: Above Average
• Stock Exchange: Nasdaq
• Ticker Symbol: ALMRX
• Share Class: Class I
• Index: Russell MidCap Growth TR

Performance

ALMRX had a total return of 0.48% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.25%.

Equivalent Funds

These are funds that follow the same index from the other major fund companies.

Symbol	Provider	Name	Expense Ratio
VMGRX	Vanguard	Vanguard Mid-Cap Growth Fund Investor Shares	0.34%
FMDGX	Fidelity	Fidelity Mid Cap Growth Index Fund	0.05%

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
ALMZX	Class Z-2	1.01%
AGIRX	Class R	1.87%

Top 10 Holdings

27.88% of assets

Name	Symbol	Weight
Cloudflare, Inc.	NET	3.88%
GFL Environmental Inc.	GFL	3.14%
Snowflake Inc.	SNOW	2.89%
Comfort Systems USA, Inc.	FIX	2.87%
RBC Bearings Incorporated	RBC	2.82%
Viking Holdings Ltd	VIK	2.71%
Repligen Corporation	RGEN	2.47%
West Pharmaceutical Services, Inc.	WST	2.38%
Natera, Inc.	NTRA	2.38%
Spotify Technology S.A.	SPOT	2.34%

Data Sources: Tiingo, Financial Modeling Prep, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Financial Modeling Prep. Several fund data points are also provided by Finnhub.

Last checked:

Oct 16, 2026

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