Alger MidCap Growth Institutional Fund Class Z-2 (ALMZX)
NASDAQ · Mutual Fund
· Delayed Price · Currency is USD
22.64
+0.59 (2.68%)
At close: Apr 23, 2025
3.62% (1Y)
| Fund Assets | 119.52M |
| Expense Ratio | 1.00% |
| Min. Investment | $500,000 |
| Turnover | n/a |
| Dividend (ttm) | n/a |
| Dividend Yield | n/a |
| Dividend Growth | n/a |
| Payout Frequency | n/a |
| Ex-Dividend Date | n/a |
| Previous Close | 22.05 |
| YTD Return | -10.69% |
| 1-Year Return | 3.62% |
| 5-Year Return | 32.52% |
| 52-Week Low | n/a |
| 52-Week High | n/a |
| Beta (5Y) | n/a |
| Holdings | 67 |
| Inception Date | Oct 14, 2016 |
About ALMZX
ALMZX was founded on 2016-10-14. The Fund's investment strategy focuses on Mid-Cap with 1.04% total expense ratio. The minimum amount to invest in Alger Institutional Funds: Alger Mid Cap Growth Institutional Fund; Class Z-2 Shares is $500,000 on a standard taxable account. Alger Institutional Funds: Alger Mid Cap Growth Institutional Fund; Class Z-2 Shares seeks long-term capital appreciation. To achieve its objective, the fund will invest primarily in the equity securities of medium-capitalization companies.
Category Mid-Cap Growth
Performance Rating Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol ALMZX
Share Class Class Z-2
Index Russell MidCap Growth TR
Performance
ALMZX had a total return of 3.62% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.91%.
Top 10 Holdings
31.52% of assets| Name | Symbol | Weight |
|---|---|---|
| AppLovin Corporation | APP | 4.33% |
| GFL Environmental Inc. | GFL | 3.95% |
| Blue Owl Capital Inc. | OWL | 3.26% |
| Constellation Software Inc/Canada | CSU | 3.13% |
| Vertiv Holdings Co | VRT | 3.05% |
| Palantir Technologies Inc. | PLTR | 3.05% |
| Natera, Inc. | NTRA | 2.83% |
| Descartes Systems Group Inc/The | DSG | 2.73% |
| CBRE Group, Inc. | CBRE | 2.60% |
| Spotify Technology S.A. | SPOT | 2.59% |