Alger Mid Cap Focus Y (ALOYX)
| Fund Assets | 251.92M |
| Expense Ratio | 0.78% |
| Min. Investment | $500,000 |
| 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 | 18.58 |
| YTD Return | 3.87% |
| 1-Year Return | 19.97% |
| 5-Year Return | n/a |
| 52-Week Low | 14.03 |
| 52-Week High | 19.92 |
| Beta (5Y) | n/a |
| Holdings | 51 |
| Inception Date | Feb 26, 2021 |
About ALOYX
Alger Mid Cap Focus Fund Class Y is an actively managed mutual fund that primarily targets long-term capital appreciation by investing in U.S. mid-cap growth stocks. Managed by Fred Alger Management, LLC, the fund specializes in identifying midsize companies across a wide array of industries that exhibit strong growth potential and innovative business strategies. With at least 80% of its assets typically allocated to mid-cap equities, the fund leverages a high-growth, long-term approach aimed at capturing the dynamism of companies that are generally past their initial rapid expansion but are still well positioned for continued outperformance. This focus on mid-cap firms allows the fund to participate in a segment of the market that combines the stability of established operations with the agility of emerging business opportunities. Alger Mid Cap Focus Fund Class Y plays a significant role for investors seeking exposure to growth-oriented, midsize U.S. companies within a diversified portfolio.
Performance
ALOYX had a total return of 19.97% in the past year, including dividends. Since the fund's inception, the average annual return has been -0.69%.
Top 10 Holdings
40.22% of assets| Name | 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% |