Alger Mid Cap Growth Portfolio Class I-2 (AMGOX)
| Fund Assets | 153.28M |
| Expense Ratio | 0.94% |
| Min. Investment | $500,000 |
| Turnover | 61.95% |
| Dividend (ttm) | n/a |
| Dividend Yield | n/a |
| Dividend Growth | n/a |
| Payout Frequency | n/a |
| Ex-Dividend Date | n/a |
| Previous Close | 23.05 |
| YTD Return | -1.55% |
| 1-Year Return | 6.45% |
| 5-Year Return | -0.45% |
| 52-Week Low | 16.32 |
| 52-Week High | 25.04 |
| Beta (5Y) | 1.08 |
| Holdings | 71 |
| Inception Date | n/a |
About AMGOX
Alger Mid Cap Growth Portfolio Class I-2 is a mutual fund designed to seek long-term capital appreciation by primarily investing in growth-oriented equity securities of U.S. mid-cap companies. The fund targets businesses with promising growth potential, as identified through in-depth fundamental research, focusing on firms generally within the middle 20% of the U.S. equity market by capitalization. The strategy emphasizes companies expected to achieve higher-than-average earnings, sales, and cash flow growth, often resulting in higher price-to-earnings ratios and lower dividend yields compared to broader benchmarks. This portfolio covers a diversified range of sectors, with top holdings spanning technology, industrials, and financials. It maintains a concentrated approach by investing in a curated selection of mid-cap stocks, aiming to capture the dynamic growth opportunities within this segment. The fund’s active management and growth orientation make it a significant option for investors seeking exposure to midsize companies expected to outpace their peers in terms of expansion and innovation.
Performance
AMGOX had a total return of 6.45% in the past year, including dividends. Since the fund's inception, the average annual return has been 16.59%.
Top 10 Holdings
29.06% of assets| Name | Symbol | Weight |
|---|---|---|
| Repligen Corporation | RGEN | 3.24% |
| FTAI Aviation Ltd. | FTAI | 3.05% |
| RBC Bearings Incorporated | RBC | 3.00% |
| O'Reilly Automotive, Inc. | ORLY | 2.99% |
| CBRE Group, Inc. | CBRE | 2.98% |
| GFL Environmental Inc. | GFL | 2.98% |
| Cloudflare, Inc. | NET | 2.89% |
| Howmet Aerospace Inc. | HWM | 2.71% |
| Ryan Specialty Holdings, Inc. | RYAN | 2.67% |
| TKO Group Holdings, Inc. | TKO | 2.53% |