Alger Mid Cap Focus Y (ALOYX)
| Fund Assets | 294.69M |
| Expense Ratio | 0.78% |
| 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 | 20.47 |
| YTD Return | -2.63% |
| 1-Year Return | 28.21% |
| 5-Year Return | 10.25% |
| 52-Week Low | 15.96 |
| 52-Week High | 22.18 |
| Beta (5Y) | n/a |
| Holdings | 53 |
| 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 28.21% in the past year, including dividends. Since the fund's inception, the average annual return has been 0.97%.
Top 10 Holdings
37.66% of assets| Name | Symbol | Weight |
|---|---|---|
| Cash | n/a | 7.48% |
| FTAI Aviation Ltd. | FTAI | 4.98% |
| Comfort Systems USA, Inc. | FIX | 4.12% |
| Amphenol Corporation | APH | 3.24% |
| Carvana Co. | CVNA | 3.23% |
| Databricks Inc Series J Pfd | n/a | 3.16% |
| Natera, Inc. | NTRA | 3.12% |
| Repligen Corporation | RGEN | 3.05% |
| Vertiv Holdings Co | VRT | 2.71% |
| Biogen Inc. | BIIB | 2.59% |