Alger Mid Cap Focus C (ALOCX)
Fund Assets | 251.92M |
Expense Ratio | 1.97% |
Min. Investment | $1,000 |
Turnover | 94.67% |
Dividend (ttm) | n/a |
Dividend Yield | n/a |
Dividend Growth | n/a |
Payout Frequency | n/a |
Ex-Dividend Date | n/a |
Previous Close | 17.77 |
YTD Return | 1.97% |
1-Year Return | 17.08% |
5-Year Return | n/a |
52-Week Low | 13.34 |
52-Week High | 19.03 |
Beta (5Y) | n/a |
Holdings | 51 |
Inception Date | Jul 29, 2021 |
About ALOCX
Alger Mid Cap Focus Fund Class C is an actively managed mutual fund that targets long-term capital appreciation by investing primarily in equity securities of mid-cap companies. The fund typically allocates at least 80% of its net assets, plus any borrowings for investment purposes, to stocks of mid-sized U.S. firms, focusing on those with strong growth potential. This approach aims to capitalize on the dynamic performance often exhibited by mid-cap equities, which can offer a blend of growth and stability compared to their smaller or larger counterparts. The fund's investment strategy is centered on careful stock selection within the mid-cap growth segment, making it relevant for investors seeking exposure to companies poised for expansion in various sectors. Managed by Alger, the fund leverages in-depth research to identify businesses that demonstrate sustainable competitive advantages and robust earnings prospects. Since its launch, the Alger Mid Cap Focus Fund Class C has played a role in providing diversified access to growing U.S. companies, contributing to the broader landscape of mid-cap equity offerings in the mutual fund market.
Performance
ALOCX had a total return of 17.08% in the past year, including dividends. Since the fund's inception, the average annual return has been -1.74%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
Top 10 Holdings
40.22% of assetsName | Symbol | Weight |
---|---|---|
Palantir Technologies Inc. | PLTR | 6.14% |
GFL Environmental Inc. | GFL | 5.04% |
HEICO Corporation | HEI | 4.51% |
Dreyfus Treasury Obligations Cash Management | DTRXX | 4.30% |
Axon Enterprise, Inc. | AXON | 4.03% |
Constellation Software Inc/Canada | CSU | 3.72% |
AppLovin Corporation | APP | 3.65% |
Repligen Corporation | RGEN | 3.34% |
McKesson Corporation | MCK | 2.74% |
Talen Energy Corporation | TLN | 2.74% |