Alger Mid Cap Growth Portfolio Class I-2 (AMGOX)
| Fund Assets | 151.34M |
| Expense Ratio | 0.94% |
| Min. Investment | $500,000 |
| Turnover | 87.86% |
| Dividend (ttm) | n/a |
| Dividend Yield | n/a |
| Dividend Growth | n/a |
| Payout Frequency | n/a |
| Ex-Dividend Date | n/a |
| Previous Close | 23.42 |
| YTD Return | -2.35% |
| 1-Year Return | 12.69% |
| 5-Year Return | 3.55% |
| 52-Week Low | 20.01 |
| 52-Week High | 25.04 |
| Beta (5Y) | 1.09 |
| Holdings | 69 |
| 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 12.69% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.64%.
Top 10 Holdings
32.17% of assets| Name | Symbol | Weight |
|---|---|---|
| RBC Bearings Incorporated | RBC | 4.09% |
| Howmet Aerospace Inc. | HWM | 3.71% |
| TKO Group Holdings, Inc. | TKO | 3.68% |
| GFL Environmental Inc. | GFL | 3.33% |
| Vertiv Holdings Co | VRT | 3.11% |
| FTAI Aviation Ltd. | FTAI | 3.06% |
| Comfort Systems USA, Inc. | FIX | 2.94% |
| Hilton Worldwide Holdings Inc. | HLT | 2.88% |
| CBRE Group, Inc. | CBRE | 2.82% |
| Cloudflare, Inc. | NET | 2.58% |