Alger Mid Cap Growth Fund Class A (AMGAX)
| Fund Assets | 311.75M |
| Expense Ratio | 1.22% |
| 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 | 19.38 |
| YTD Return | 7.07% |
| 1-Year Return | 15.70% |
| 5-Year Return | 9.50% |
| 52-Week Low | 15.82 |
| 52-Week High | 19.82 |
| Beta (5Y) | 1.07 |
| Holdings | 70 |
| 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 15.70% in the past year, including dividends. Since the fund's inception, the average annual return has been 10.14%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
Top 10 Holdings
32.11% of assets| Name | Symbol | Weight |
|---|---|---|
| Vertiv Holdings Co | VRT | 4.10% |
| RBC Bearings Incorporated | RBC | 3.92% |
| Comfort Systems USA, Inc. | FIX | 3.76% |
| Howmet Aerospace Inc. | HWM | 3.47% |
| Cloudflare, Inc. | NET | 3.34% |
| GFL Environmental Inc. | GFL | 3.04% |
| TKO Group Holdings, Inc. | TKO | 2.74% |
| Monolithic Power Systems, Inc. | MPWR | 2.66% |
| Hilton Worldwide Holdings Inc. | HLT | 2.57% |
| O'Reilly Automotive, Inc. | ORLY | 2.50% |