Alger Mid Cap Growth Fund Class B (AMCGX)
| Fund Assets | 278.63M |
| Expense Ratio | 1.99% |
| Min. Investment | $1,000 |
| Turnover | 88.64% |
| Dividend (ttm) | n/a |
| Dividend Yield | n/a |
| Dividend Growth | n/a |
| Payout Frequency | n/a |
| Ex-Dividend Date | n/a |
| Previous Close | 11.00 |
| YTD Return | -1.96% |
| 1-Year Return | 12.82% |
| 5-Year Return | -19.66% |
| 52-Week Low | 9.46 |
| 52-Week High | 11.79 |
| Beta (5Y) | n/a |
| Holdings | 69 |
| Inception Date | May 24, 1993 |
About AMCGX
Alger Mid Cap Growth Fund Class B is an actively managed mutual fund focused on investing in U.S. mid-cap growth equities. The fund seeks long-term capital appreciation by primarily selecting stocks of midsize companies exhibiting strong growth potential, typically within the market capitalization ranges defined by the Russell Midcap Growth Index or the S&P MidCap 400 Index. Its portfolio is diversified across sectors including technology, industrials, and financial services, with notable holdings such as AppLovin Corp, GFL Environmental, and Palantir Technologies. The fund is managed by Fred Alger Management, LLC and has been operating since 1993. It maintains a relatively high expense ratio and distribution fee, reflecting its share class structure and active management approach. With assets distributed broadly among approximately 64 to 68 holdings, the fund emphasizes companies poised for above-average earnings and revenue growth, playing a significant role for investors seeking exposure to dynamic mid-sized businesses in the U.S. equity landscape.
Performance
AMCGX had a total return of 12.82% in the past year, including dividends. Since the fund's inception, the average annual return has been 12.38%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
Top 10 Holdings
31.88% of assets| Name | Symbol | Weight |
|---|---|---|
| RBC Bearings Incorporated | RBC | 3.96% |
| TKO Group Holdings, Inc. | TKO | 3.63% |
| Howmet Aerospace Inc. | HWM | 3.59% |
| GFL Environmental Inc. | GFL | 3.28% |
| Vertiv Holdings Co | VRT | 3.19% |
| FTAI Aviation Ltd. | FTAI | 2.98% |
| Hilton Worldwide Holdings Inc. | HLT | 2.95% |
| Comfort Systems USA, Inc. | FIX | 2.92% |
| CBRE Group, Inc. | CBRE | 2.78% |
| Cloudflare, Inc. | NET | 2.60% |