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Morningstar

Alger Mid Cap Growth A AMGAX

Morningstar Medalist Rating
Medalist Rating as of | See Alger Investment Hub
  • NAV / 1-Day Return 13.42  /  −0.67 %
  • Total Assets 230.2 Mil
  • Adj. Expense Ratio
    1.270%
  • Expense Ratio 1.270%
  • Distribution Fee Level Above Average
  • Share Class Type Front Load
  • Category Mid-Cap Growth
  • Investment Style Mid Growth
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield —
  • Turnover 78%

USD | NAV as of Apr 18, 2024 | 1-Day Return as of Apr 18, 2024, 10:16 PM GMT+0

Morningstar’s Analysis AMGAX

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

  • People Pillar

    The People Pillar is our evaluation of the AMGAX 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 AMGAX’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 A 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 second-highest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings AMGAX

More AMGAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 27.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

FirstService Corp Ordinary Shares

3.04 6.8 Mil
Real Estate

Vertiv Holdings Co Class A

2.90 6.4 Mil
Industrials

Constellation Software Inc

2.85 6.3 Mil
Technology

Heico Corp

2.83 6.3 Mil
Industrials

GFL Environmental Inc

2.82 6.3 Mil
Industrials

Repligen Corp

2.61 5.8 Mil
Healthcare

Diamondback Energy Inc

2.55 5.7 Mil
Energy

Natera Inc

2.55 5.7 Mil
Healthcare

Marvell Technology Inc

2.52 5.6 Mil
Technology

Cadence Design Systems Inc

2.45 5.4 Mil
Technology