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 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% |