A middling Parent Pillar and a subpar Process Pillar help limit Alger Mid Cap Growth Institutional I to a Morningstar Medalist 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 highest quintile among peers.
- NAV / 1-Day Return 18.28 / 1.56 %
- Total Assets 58.8 Mil
-
Adj. Expense Ratio
1.430%
- Expense Ratio 1.430%
- Distribution Fee Level High
- Share Class Type Institutional
- Category Mid-Cap Growth
- Investment Style Mid Growth
- Min. Initial Investment 0
- Status Open
- TTM Yield 0.00
- Turnover 199%
Morningstar’s Analysis ALMRX
Will ALMRX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
People Pillar
Parent Pillar
- Current Portfolio Date Feb 28, 2023
- Equity Holdings 65
- Bond Holdings 0
- Other Holdings 4
- % Assets in Top 10 Holdings 27.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector