AMGAX: Alger Mid Cap Growth A

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AMGAX Alger Mid Cap Growth A


Profile

AMGAX - Profile

Vitals

  • YTD Return 18.4%
  • 3 Yr Annualized Return 11.1%
  • 5 Yr Annualized Return 8.2%
  • Net Assets $199 M
  • Holdings in Top 10 18.9%

52 WEEK LOW AND HIGH

$16.97
$10.52
$16.97

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.30%

SALES FEES

  • Front Load 5.25%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 182.97%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000
  • IRA $500

Fund Classification


Distributions

  • YTD Total Return 18.4%
  • 3 Yr Annualized Total Return 11.1%
  • 5 Yr Annualized Total Return 8.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.65%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Alger Mid Cap Growth Fund
  • Fund Family Name
    Alger
  • Inception Date
    Dec 31, 1996
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Teresa McRoberts

Fund Description

Under normal circumstances, the fund invests at least 80% of its net assets in equity securities of companies that, at the time of purchase of the securities, have total market capitalization within the range of companies included in the Russell Midcap Growth Index or the S&P MidCap 400 Index, as reported by the indexes as of the most recent quarter-end. Both indexes are designed to track the performance of medium-capitalization stocks.


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Categories

Performance

AMGAX - Performance

Return Ranking - Trailing

Period AMGAX Return Category Return Low Category Return High Rank in Category (%)
YTD 18.4% -30.2% 1820.7% 12.74%
1 Yr 8.7% -69.3% 1867.1% 34.35%
3 Yr 11.1%* -46.0% 177.8% 19.31%
5 Yr 8.2%* -33.4% 19.7% 15.89%
10 Yr 11.7%* -16.8% 19.1% 9.76%

* Annualized

Return Ranking - Calendar

Period AMGAX Return Category Return Low Category Return High Rank in Category (%)
2019 19.7% -50.2% 44.9% 73.45%
2018 -12.5% -51.7% 9.2% 36.42%
2017 28.7% -21.1% 36.0% 7.00%
2016 0.8% -61.7% 40.3% 52.92%
2015 -1.8% -54.0% 12.2% 22.47%

Total Return Ranking - Trailing

Period AMGAX Return Category Return Low Category Return High Rank in Category (%)
YTD 18.4% -30.2% 1820.7% 12.74%
1 Yr 8.7% -69.3% 1867.1% 34.35%
3 Yr 11.1%* -41.7% 177.8% 32.43%
5 Yr 8.2%* -26.5% 22.3% 36.64%
10 Yr 11.7%* -9.7% 19.2% 39.63%

* Annualized

Total Return Ranking - Calendar

Period AMGAX Return Category Return Low Category Return High Rank in Category (%)
2019 19.7% -50.2% 44.9% 73.45%
2018 -12.5% -51.7% 12.2% 56.60%
2017 28.7% -7.0% 39.4% 14.60%
2016 0.8% -61.7% 40.3% 80.99%
2015 -1.8% -54.0% 12.2% 53.71%

NAV & Total Return History


Holdings

AMGAX - Holdings

Concentration Analysis

AMGAX Category Low Category High AMGAX % Rank
Net Assets 199 M 797 K 32.2 B 75.79%
Number of Holdings 124 16 2547 13.51%
Net Assets in Top 10 32.7 M 207 K 5.98 B 80.00%
Weighting of Top 10 18.88% 7.0% 99.3% 81.58%

Top 10 Holdings

  1. DexCom Inc 3.40%
  2. US Foods Holding Corp 2.54%
  3. Fiserv Inc 2.44%
  4. Veeva Systems Inc Class A 1.57%
  5. Dollar General Corp 1.56%
  6. Crown Castle International Corp 1.51%
  7. Global Payments Inc 1.50%
  8. Fair Isaac Corp 1.46%
  9. Vail Resorts Inc 1.45%
  10. CrowdStrike Holdings Inc Class A 1.45%

Asset Allocation

Weighting Return Low Return High AMGAX % Rank
Stocks
97.27% 88.42% 120.03% 69.47%
Cash
1.33% -27.28% 14.04% 59.30%
Other
1.06% -13.50% 7.25% 3.16%
Preferred Stocks
0.35% 0.00% 1.67% 2.81%
Convertible Bonds
0.00% 0.00% 0.25% 8.25%
Bonds
0.00% 0.00% 4.49% 9.30%

Stock Sector Breakdown

Weighting Return Low Return High AMGAX % Rank
Technology
30.47% 0.00% 56.27% 52.81%
Healthcare
20.12% 0.00% 40.45% 40.00%
Consumer Cyclical
15.22% 0.24% 54.76% 22.63%
Industrials
12.49% 0.00% 35.59% 81.23%
Real Estate
6.90% 0.00% 20.39% 16.32%
Financial Services
5.93% 0.00% 38.56% 53.16%
Consumer Defense
4.25% 0.00% 16.95% 36.67%
Communication Services
3.52% 0.00% 26.42% 51.40%
Basic Materials
1.09% 0.00% 18.77% 54.39%
Utilities
0.00% 0.00% 6.70% 30.53%
Energy
0.00% 0.00% 34.63% 44.91%

Stock Geographic Breakdown

Weighting Return Low Return High AMGAX % Rank
US
91.35% 80.29% 110.43% 68.07%
Non US
5.92% 0.00% 16.25% 29.82%

Expenses

AMGAX - Expenses

Operational Fees

AMGAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.30% 0.05% 27.43% 37.27%
Management Fee 0.76% 0.00% 1.50% 61.51%
12b-1 Fee 0.25% 0.00% 1.00% 27.19%
Administrative Fee 0.03% 0.01% 0.40% 7.08%

Sales Fees

AMGAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.25% 2.50% 5.75% 79.41%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

AMGAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 5.17%

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

AMGAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 182.97% 1.93% 385.00% 98.41%

Distributions

AMGAX - Distributions

Dividend Yield Analysis

AMGAX Category Low Category High AMGAX % Rank
Dividend Yield 0.00% 0.00% 40.51% 8.25%

Dividend Distribution Analysis

AMGAX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Monthly Annually

Net Income Ratio Analysis

AMGAX Category Low Category High AMGAX % Rank
Net Income Ratio -0.65% -2.56% 1.52% 74.07%

Capital Gain Distribution Analysis

AMGAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

AMGAX - Fund Manager Analysis

Managers

Teresa McRoberts


Start Date

Tenure

Tenure Rank

Feb 12, 2015

5.38

5.4%

Teresa McRoberts is Senior Vice President, Senior Analyst, and Portfolio Manager. She first joined Alger in 1994. Before rejoining Alger in 2015, Teresa was the portfolio manager at Bienville Health Science Partners, a company she founded. Her previous experience includes health care portfolio manager roles at Galleon Group, Carlyle Blue Wave Partners, and Tribeca Global Management (Citigroup). Prior to that, she returned to Alger in 2001 as Senior Health Care Analyst and Portfolio Manager. Before returning to Alger, she was a portfolio manager and principal at Morgan Stanley. Her prior experience includes working as a health care analyst at Alger, and analyst and corporate finance roles at JP Morgan. Teresa earned her B.A. from Oberlin College and her M.B.A. from Columbia University.

Daniel Chung


Start Date

Tenure

Tenure Rank

Jan 23, 2018

2.44

2.4%

Dan Chung, CFA is Chief Executive Officer, Chief Investment Officer and Portfolio Manager of several Alger strategies. Dan joined Alger in 1994 and has 25 years of investment experience. He was named Chief Investment Officer in September 2001, President in 2003, and CEO in 2006. Dan graduated from Stanford University with B.A. and B.S. degrees, with Distinction and Phi Beta Kappa, in 1984. He earned his J.D. magna cum laude from Harvard Law School in 1987, where he was an editor of the Harvard Law Review. After law school, he served as law clerk for the Honorable Justice Anthony M. Kennedy, United States Supreme Court. He joined Simpson Thacher & Bartlett LLP in New York City in 1989 and earned an L.L.M. from New York University. Dan is a CFA charterholder and a member of the CFA Institute. Throughout his tenure at Alger, Dan has made numerous TV appearances on Bloomberg, CNBC, and Fox Business. Dan has also been featured and quoted frequently in Barron’s, Citywire, Forbes, Investment News, Pensions & Investments, USA Today, and the Wall Street Journal.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.06 33.52 8.25 0.33