Alger Mid Cap Growth Fund Class Z (AMCZX)
| Fund Assets | 261.55M |
| Expense Ratio | 0.98% |
| Min. Investment | $500,000 |
| Turnover | 55.90% |
| Dividend (ttm) | n/a |
| Dividend Yield | n/a |
| Dividend Growth | n/a |
| Payout Frequency | n/a |
| Ex-Dividend Date | n/a |
| Previous Close | 17.97 |
| YTD Return | 8.02% |
| 1-Year Return | 20.98% |
| 5-Year Return | 10.80% |
| 52-Week Low | 12.90 |
| 52-Week High | 18.02 |
| Beta (5Y) | n/a |
| Holdings | 63 |
| Inception Date | May 28, 2015 |
About AMCZX
Alger Mid Cap Growth Fund Class Z is a mutual fund that primarily invests in growth-oriented equity securities of U.S. mid-cap companies. The fund targets firms with market capitalizations generally within the range of the S&P MidCap 400 Index, focusing on those that exhibit strong growth potential based on fundamental research. The fund's strategy emphasizes identifying dynamic companies across diverse sectors, with notable holdings in technology, industrials, financial services, and communication services. Major positions have included firms such as AppLovin Corp, GFL Environmental, Vertiv Holdings, and Palantir Technologies. Alger Mid Cap Growth Fund Class Z is structured to cater to institutional investors, reflected in its high minimum initial investment. The fund is actively managed, with a turnover rate that indicates regular portfolio adjustments in response to market conditions and company fundamentals. Its role in the financial market is to offer investors targeted exposure to the mid-cap growth segment, which is often positioned between the stability of large-cap stocks and the high-growth potential of small-caps. Through its investment approach, the fund seeks to capitalize on opportunities in the mid-cap space, contributing to portfolio diversification and potential capital appreciation.
Performance
AMCZX had a total return of 20.98% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.65%.
Top 10 Holdings
38.11% of assets| Name | Symbol | Weight |
|---|---|---|
| Dreyfus Treasury Obligations Cash Management | DTRXX | 7.53% |
| GFL Environmental Inc. | GFL | 5.54% |
| Palantir Technologies Inc. | PLTR | 4.60% |
| Constellation Software Inc/Canada | CSU | 4.17% |
| Talen Energy Corporation | TLN | 3.08% |
| Blue Owl Capital Inc. | OWL | 2.81% |
| CBRE Group, Inc. | CBRE | 2.67% |
| TKO Group Holdings, Inc. | TKO | 2.58% |
| Verisk Analytics, Inc. | VRSK | 2.57% |
| Cloudflare, Inc. | NET | 2.54% |