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Alger Mid Cap Growth Institutional I ALMRX

Medalist Rating as of | See Alger Investment Hub
  • NAV / 1-Day Return 22.02  /  −2.82 %
  • Total Assets 67.8 Mil
  • Adj. Expense Ratio
    1.240%
  • Expense Ratio 1.240%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category Mid-Cap Growth
  • Investment Style Mid Growth
  • Min. Initial Investment
  • Status Open
  • TTM Yield
  • Turnover 80%

USD | NAV as of Jul 18, 2024 | 1-Day Return as of Jul 18, 2024, 1:08 AM GMT+0

Morningstar’s Analysis ALMRX

Will ALMRX outperform in future?

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

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

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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 second-highest quintile among peers.

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Portfolio Holdings ALMRX

  • 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