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Alger Mid Cap Growth Institutional Fund Class I: (MF: ALMRX)
(NASDAQ Mutual Funds) As of Aug 30, 2024 08:00 PM ET
$22.26 USD
+0.23 (1.04%)
Zacks MF Rank
5-Strong Sell of 5 5
Fund Description
The fund was incepted in November 1993 and is managed by Fred Alger Management, Inc. The fund seeks long-term capital appreciation. The fund focuses on mid-size companies with promising growth potential. Under normal circumstances, the fund invests primarily in the equity securities of medium-capitalization companies. A medium-capitalization company has a market capitalization within the range of companies in the Russell Midcap Growth Index or the S&P MidCap 400 Index. Dividends and capital gains, if any, are distributed annually.
Load Information
| Ticker | Max Load % |
Deferred Load % |
Red. Fee % |
12B-1 Fee % |
Mgmt Fee % |
Expense Ratio % |
|
|---|---|---|---|---|---|---|---|
| Alger MidCap Growth Instl I | ALMRX | NA | NA | 0.00 | 0.00 | 0.76 | 1.37 |
Return Data
| Ticker | Nav | Inception Date | % yield | 1 year return | 2 year return | 3 year return | |
|---|---|---|---|---|---|---|---|
| Alger MidCap Gr Instl Fund I | ALMRX | 22.26 | 11/8/1993 | 0.00 | 10.28 | -5.98 | 7.77 |
| Alger MidCap Gr Instl Fund R | AGIRX | 16.10 | 1/27/2003 | 0.00 | 9.67 | -6.43 | 7.25 |
Investment Information
| Ticker | Minimum Initial Investment ($) | Minimum Subsequent Investment ($) | Minimum Initial IRA ($) | Dividend Frequency | |
|---|---|---|---|---|---|
| Alger MidCap Growth Instl I | ALMRX | 0 | 0 | 0 | A |
Contact Information
| Family | Alger Funds |
| Address | 100 Pearl Street, 27th Floor New York, NY 10004 |
| Phone | 800 992-3863 |