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Morningstar

Alger Mid Cap Growth B AMCGX

Morningstar Medalist Rating
Medalist Rating as of | See Alger Investment Hub
  • NAV / 1-Day Return 7.57  /  0.79 %
  • Total Assets 211.8 Mil
  • Adj. Expense Ratio
    1.950%
  • Expense Ratio 1.950%
  • Distribution Fee Level High
  • Share Class Type —
  • Category Mid-Cap Growth
  • Investment Style Mid Growth
  • Min. Initial Investment 1,000
  • Status Limited
  • TTM Yield —
  • Turnover 205%

USD | NAV as of Dec 05, 2023 | 1-Day Return as of Dec 05, 2023, 11:12 PM GMT+0

Morningstar’s Analysis AMCGX

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

People Pillar

The People Pillar is our evaluation of the AMCGX 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 AMCGX’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 B 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 most expensive quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings AMCGX

More AMCGX Holdings
  • Current Portfolio Date
  • Equity Holdings 56
  • Bond Holdings 0
  • Other Holdings 4
  • % Assets in Top 10 Holdings 28.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

GFL Environmental Inc

3.38
6,906,498
Industrials

Diamondback Energy Inc

3.32
6,764,539
Energy

FirstService Corp Ordinary Shares

3.27
6,675,774
Real Estate

West Pharmaceutical Services Inc

2.87
5,857,779
Healthcare

MSCI Inc

2.82
5,745,470
Financial Services

Constellation Software Inc

2.63
5,375,850
Technology

TransDigm Group Inc

2.47
5,046,976
Industrials

The Trade Desk Inc Class A

2.44
4,973,544
Technology

Verisk Analytics Inc

2.43
4,963,639
Industrials

Old Dominion Freight Line Inc Ordinary Shares

2.42
4,933,819
Industrials