Advertisement
Skip to Content
Morningstar

Alger Mid Cap Growth Institutional R AGIRX

Morningstar Analyst Rating
Quantitative rating as of | See Alger Investment Hub
  • NAV / 1-Day Return 13.81  /  1.07 %
  • Total Assets 60.7 Mil
  • Adj. Expense Ratio
    1.880%
  • Expense Ratio 1.750%
  • Distribution Fee Level High
  • Share Class Type Retirement, Medium
  • Category Mid-Cap Growth
  • Investment Style Mid Growth
  • Min. Initial Investment 0
  • Status Open
  • TTM Yield 0.00
  • Turnover 199%

USD | NAV as of Feb 08, 2023 | 1-Day Return as of Feb 08, 2023, 10:53 PM GMT+00:00

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.

Summary

|

A middling Parent Pillar and a subpar Process Pillar help limit Alger Mid Cap Growth Institutional R to a Morningstar Quantitative Rating of Neutral. Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the most expensive quintile among peers.

Unlock our full analysis with Morningstar Investor