About AMGCX
Alger Mid Cap Growth Fund Class C is a mutual fund focused on investing in equity securities of mid-sized U.S. companies that demonstrate strong growth potential. The fund primarily targets firms with market capitalizations similar to those found in the S&P MidCap 400 Index, seeking businesses that are positioned for above-average earnings growth. Its diversified portfolio encompasses multiple sectors, with a notable emphasis on technology, industrials, and financial services. As of recent data, top holdings include companies such as AppLovin Corporation, GFL Environmental, Blue Owl Capital, Vertiv Holdings, and Palantir Technologies, collectively representing a significant portion of the fund’s assets. The fund’s approach is active, leveraging fundamental research to identify investment opportunities among mid-cap growth stocks. Designed for investors seeking exposure to the dynamic mid-cap segment, Alger Mid Cap Growth Fund Class C plays a role in providing potential capital appreciation within a diversified portfolio, though it carries a higher expense ratio compared to peers and an above-average risk profile. Founded in 1997, the fund is part of the Alger family, known for its focus on growth equity strategies.
Fund Family Alger
Category Mid-Cap Growth
Performance Rating Average
Risk Rating Above Average
Stock Exchange Nasdaq
Ticker Symbol AMGCX
Share Class Class C
Index Russell MidCap Growth TR
AMGCX had a total return of -0.38% in the past year, including dividends. Since the fund's
inception, the average annual return has been 5.99%.
