Alger Mid Cap Growth Fund Class A (AMGAX)
| Fund Assets | 246.24M |
| Expense Ratio | 1.27% |
| Min. Investment | $1,000 |
| 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 | 16.53 |
| YTD Return | 8.78% |
| 1-Year Return | 20.12% |
| 5-Year Return | 43.79% |
| 52-Week Low | 12.41 |
| 52-Week High | 16.92 |
| Beta (5Y) | n/a |
| Holdings | 63 |
| Inception Date | Jan 1, 1997 |
About AMGAX
The Alger Mid Cap Growth Fund is a mutual fund focused on achieving long-term capital appreciation by investing primarily in equity securities of U.S. mid-cap companies. Leveraging fundamental research, the fund seeks businesses demonstrating strong growth potential, primarily within the market capitalization range represented by the S&P MidCap 400 Index. The portfolio emphasizes sectors such as technology, industrials, financial services, and communication services, reflecting a diverse approach that spans innovative and rapidly evolving industries. Managed by an experienced team, the fund is known for identifying high-quality companies poised for significant growth, including those benefitting from trends such as artificial intelligence, automation, and renewable energy. With a strategy designed to combine the dynamic growth characteristics typical of small-cap stocks and the stability of larger firms, the Alger Mid Cap Growth Fund plays a significant role in providing investors access to a unique segment of the equity market that balances growth opportunity with moderate volatility.
Performance
AMGAX had a total return of 20.12% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.97%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
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% |