Mutual Funds - Profile

Alger Mid Cap Growth Institutional Fund

US > Mid-Cap > Growth

Rank

Universe Rank

Summary

The fund seeks long-term capital gain by investing in mid-size growth companies in the United States.

The investment process starts with identifying companies that are undergoing positive change in business fundamentals. The research team starts with a list of companies in the benchmark index. The research team is using fundamental analysis to uncover and evaluate companies experiencing high unit volume growth and positive changes in product cycle and market dynamics.

The fund looks for companies benefitting from new regulations, a new product innovation or new management.

More

Price

  • Last Close
  • $47.56
    -0.75
  • 52 Week HL
  • $51.29 - $35.97
  • Net Assets
  • $49.83 M
  • Expense Ratio

Portfolio

  • Holdings
  • -
  • Turnover Ratio
  • -

Sector Allocation
Mar 31, 2021

Top 10 Holdings
Mar 31, 2021

Company Holding
Crown Castle 2.26
Bio-Techne Corporation 1.87
Pinterest, Inc. 1.85
US Foods 1.79
Heico Corporation 1.74
Company Holding
Veeva Systems 1.70
Forte Biosciences 1.70
SolarEdge Technologies, 1.70
Lam Research 1.61
KLA Corporation 1.60
Total 17.82%

Manager

  • Name
  • Daniel C. Chung
  • Leadership
  • Single Manager
  • Tenure
  • 2003
  • Advisor

Documents

  • Prospectus
  • Annual Reports

Performance
15.5 % YTD

  • 3 Year
  • 99.48%
  • 5 Year
  • 145.83%
  • Best
  • 51.4%
    2009
  • Worst
  • -58.74%
    2008

Returns +
A

2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
ALMRX 9%35%34%-6%24%6%-1%0%0%0%0%
S&P 500 18%16%29%-6%19%10%-1%11%30%13%0%

Returns +
Q

2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011
Q1 2.5% -15.4% 20.3% 1.5% 10.6% -4.6% 7.5% 2% 11.5% 13.8% -
Q2 6.2% 34.2% 5.5% 9.6% 4.9% 0.8% 0.7% 5% 3.2% -4.9% -
Q3 6.1% 20.8% -4.5% 8.8% 5.4% 5.3% -12.8% -0.6% 8.2% 5% -
Q4 - 6.4% -3% -21.2% 5.5% 0.1% 4.5% 2.8% 9.4% 1.7% -

Returns +
M

J F M A M J J A S O N D
2021 3% 3.4% -3.8% 4.2% -3.8% 5.9% -0.4% 4.9% 1.6% - - -
2020 3.2% -4.9% -13.8% 15.7% 9.4% 6.1% 9.8% 6.7% 3.1% -1.6% 14.5% -5.6%

Annual Return

Index Comparison

Alpha

NAV