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Morningstar

Alger Mid Cap Growth Institutional R AGIRX

Morningstar Medalist Rating
Medalist Rating as of | See Alger Investment Hub
  • NAV / 1-Day Return 16.62  /  +0.18 %
  • Total Assets 64.8 Mil
  • Adj. Expense Ratio
    1.910%
  • Expense Ratio 1.910%
  • Distribution Fee Level High
  • Share Class Type Retirement, Medium
  • Category Mid-Cap Growth
  • Investment Style Mid Growth
  • Min. Initial Investment —
  • Status Open
  • TTM Yield —
  • Turnover 80%

USD | NAV as of Jul 27, 2024 | 1-Day Return as of Jul 27, 2024, 1:20 AM GMT+0

Morningstar’s Analysis AGIRX

Will AGIRX outperform in 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 AGIRX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the AGIRX 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 AGIRX’s parent organization’s priorities and whether they’re in line with investors’ interests.

The combination of an Average People Pillar rating and a Below Average Process Pillar rating limit Alger Mid Cap Growth Institutional R to a Morningstar Medalist Rating of Negative.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the highest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings AGIRX

More AGIRX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 27.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Vertiv Holdings Co Class A

3.16 2.1 Mil
Industrials

Constellation Software Inc

2.88 1.9 Mil
Technology

Heico Corp

2.83 1.8 Mil
Industrials

Natera Inc

2.81 1.8 Mil
Healthcare

Diamondback Energy Inc

2.73 1.8 Mil
Energy

Domino's Pizza Inc

2.73 1.8 Mil
Consumer Cyclical

GFL Environmental Inc

2.66 1.7 Mil
Industrials

Marvell Technology Inc

2.60 1.7 Mil
Technology

Ferguson PLC

2.50 1.6 Mil
Industrials

West Pharmaceutical Services Inc

2.50 1.6 Mil
Healthcare