Alger Mid Cap Focus Y (ALOYX)
| Fund Assets | 360.22M |
| Expense Ratio | 0.74% |
| Min. Investment | $500,000 |
| 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 | 23.32 |
| YTD Return | 11.19% |
| 1-Year Return | 24.07% |
| 5-Year Return | 24.92% |
| 52-Week Low | 18.50 |
| 52-Week High | 24.29 |
| Beta (5Y) | n/a |
| Holdings | 54 |
| 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 24.07% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.47%.
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% |