Alger Mid Cap Focus A (ALOAX)
| Fund Assets | 360.22M |
| Expense Ratio | 1.15% |
| Min. Investment | $1,000 |
| Turnover | 265.15% |
| Dividend (ttm) | n/a |
| Dividend Yield | n/a |
| Dividend Growth | n/a |
| Payout Frequency | n/a |
| Ex-Dividend Date | n/a |
| Previous Close | 22.73 |
| YTD Return | 10.97% |
| 1-Year Return | 23.56% |
| 5-Year Return | n/a |
| 52-Week Low | 18.09 |
| 52-Week High | 23.67 |
| Beta (5Y) | 1.03 |
| Holdings | 54 |
| Inception Date | Jul 29, 2021 |
About ALOAX
Alger Mid Cap Focus Fund Class A is a mutual fund designed to provide long-term capital appreciation by investing primarily in the equity securities of mid-cap companies. The fund typically allocates at least 80% of its net assets, along with any investment-related borrowings, to stocks of mid-cap firms, which are generally defined by their market capitalization falling within a specific mid-range band. Alger Mid Cap Focus Fund Class A maintains a diversified portfolio across various sectors, targeting companies that offer growth potential and are positioned within vital segments of the U.S. economy. This approach allows the fund to harness the growth opportunities characteristic of mid-sized firms while maintaining sector diversity and broad market exposure. The fund serves investors seeking a focused approach to mid-cap equities as part of a comprehensive portfolio, and it plays a significant role in capturing the dynamic potential of the mid-cap segment within the broader equity market.
Performance
ALOAX had a total return of 23.56% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.79%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
Top 10 Holdings
33.27% of assets| Name | Symbol | Weight |
|---|---|---|
| Vertiv Holdings Co | VRT | 4.52% |
| Comfort Systems USA, Inc. | FIX | 4.35% |
| Dreyfus Treasury Obligations Cash Management | DTRXX | 4.08% |
| RBC Bearings Incorporated | RBC | 3.17% |
| Cloudflare, Inc. | NET | 3.03% |
| Databricks, Inc. Series J | n/a | 2.94% |
| Monolithic Power Systems, Inc. | MPWR | 2.83% |
| Howmet Aerospace Inc. | HWM | 2.78% |
| Modine Manufacturing Company | MOD | 2.78% |
| Nebius Group N.V. | NBIS | 2.78% |