Alger MidCap Growth Institutional Fund Class Z-2 (ALMZX)
| Fund Assets | 55.18M |
| Expense Ratio | 1.00% |
| Min. Investment | $500,000 |
| 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 | 27.59 |
| YTD Return | -6.79% |
| 1-Year Return | 19.75% |
| 5-Year Return | -13.71% |
| 52-Week Low | 20.43 |
| 52-Week High | 31.28 |
| Beta (5Y) | n/a |
| Holdings | 68 |
| Inception Date | Oct 14, 2016 |
About ALMZX
The Alger Mid Cap Growth Institutional Fund Class Z-2 is a mutual fund that focuses on growth equity securities in the United States, targeting mid-cap companies identified through fundamental research as demonstrating strong growth potential. This fund aims to provide capital appreciation by investing across diversified sectors, reflecting a strategy that seeks out innovative and rapidly expanding firms within the mid-cap segment. The fund employs rigorous research to select companies it deems likely to benefit from long-term economic and industry trends, contributing to its differentiation in the mid-cap growth category. Over multi-year periods, it has shown stronger returns compared to many peers, though it may trail broader category benchmarks. Its portfolio composition is dynamic, with exposures spanning technology, industrials, financial services, and other high-growth industries. Unlike income-focused funds, this fund does not pay dividends, emphasizing its growth-oriented mandate. The Alger Mid Cap Growth Institutional Fund Class Z-2 plays a significant role for investors seeking to participate in the expansion of mid-sized U.S. companies with compelling growth profiles.
Performance
ALMZX had a total return of 19.75% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.44%.
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% |