Alger Mid Cap Growth Fund Class C (AMGCX)
| Fund Assets | 311.75M |
| Expense Ratio | 2.04% |
| 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 | 11.03 |
| YTD Return | 6.63% |
| 1-Year Return | 14.80% |
| 5-Year Return | -3.42% |
| 52-Week Low | 9.02 |
| 52-Week High | 11.28 |
| Beta (5Y) | 1.02 |
| Holdings | 70 |
| Inception Date | Aug 1, 1997 |
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.
Performance
AMGCX had a total return of 14.80% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.21%.
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% |