Alger Mid Cap Focus C (ALOCX)
| Fund Assets | 360.22M |
| Expense Ratio | 1.92% |
| 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 | 21.86 |
| YTD Return | 10.55% |
| 1-Year Return | 22.62% |
| 5-Year Return | n/a |
| 52-Week Low | 17.44 |
| 52-Week High | 22.77 |
| Beta (5Y) | 1.03 |
| Holdings | 54 |
| 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 22.62% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.98%.
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% |