Morningstar

Alger Mid Cap Focus Fund Class Z AFOZX

Morningstar Medalist Rating
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Medalist Rating as of See Alger Investment Hub
  • NAV / 1-Day Return $22.29  /  +1.87 %
  • Fund Size $334.6M
  • Adjusted Expense Ratio 0.820%
  • Net Expense Ratio 0.820%
  • Fee Level: Distribution Average
  • Share Class Type Institutional
  • Morningstar Category Mid-Cap Growth
  • Equity Style Box (Funds) Mid Growth
  • Minimum Initial Investment $500,000
  • Investment Status Open
  • TTM Yield 0.00%
  • Turnover Ratio 265%
NAV and 1-Day Return as of

Morningstar’s Analysis AFOZX

Will AFOZX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable AFOZX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the AFOZX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of AFOZX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Built on shifting sand.

Analyst David Carey

David Carey

Analyst

Summary

Alger Mid Cap Focus’ continued personnel and portfolio changes are concerning. As such, both its People and Process ratings have dropped to Below Average from Average.

by David Carey
Rated on Published on

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Portfolio Holdings AFOZX

More AFOZX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 34.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Cash

8.36 29M
Cash and Equivalents

Twist Bioscience Corp

5.65 20M
Healthcare

Databricks

3.94 14M
—

Repligen Corp

3.76 13M
Healthcare

Natera Inc

3.73 13M
Healthcare

Cloudflare Inc

3.38 12M
Technology

Snowflake Inc Ordinary Shares

3.14 11M
Technology

Robinhood Markets Inc Class A

2.80 10M
Financial Services

Comfort Systems USA Inc

2.77 10M
Industrials

Guardant Health Inc

2.54 9M
Healthcare

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