Alger Mid Cap Fund Quote
| AFOIX Fund | USD 17.27 0.17 0.99% |
PerformanceVery Weak
| Odds Of DistressLow
|
Alger Mid is trading at 17.27 as of the 27th of February 2025; that is 0.99 percent increase since the beginning of the trading day. The fund's open price was 17.1. Alger Mid has about a 21 % chance of experiencing some form of financial distress in the next two years of operation but has generated negative returns over the last 90 days. The performance scores are derived for the period starting the 29th of November 2024 and ending today, the 27th of February 2025. Click here to learn more.
Under normal circumstances, the fund invests at least 80 percent of its net assets, plus any borrowings for investment purposes, in equity securities of mid-cap companies. In addition, under normal market conditions, it invests at least 25 percent of its total assets in companies in the following group of industries Health Care Equipment Supplies, Health Care Technology, Biotechnology, Life Sciences Tools Services, andor Software, as defined by third party sources. More on Alger Mid Cap
Moving together with Alger Mutual Fund
Alger Mutual Fund Highlights
| Fund Concentration | Alger Funds, Large Funds, Mid-Cap Growth Funds, Mid-Cap Growth, Alger (View all Sectors) |
| Update Date | 31st of December 2024 |
| Expense Ratio Date | 6th of April 2023 |
| Fiscal Year End | October |
Alger Mid Cap [AFOIX] is traded in USA and was established 27th of February 2025. Alger Mid is listed under Alger category by Fama And French industry classification. The fund is listed under Mid-Cap Growth category and is part of Alger family. This fund presently has accumulated 344.63 M in assets under management (AUM) with no minimum investment requirementsAlger Mid Cap is currently producing year-to-date (YTD) return of 8.88%, while the total return for the last 3 years was 3.39%.
Check Alger Mid Probability Of Bankruptcy
Instrument Allocation
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Alger Mutual Fund. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Alger Mutual Fund, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Alger Mid Cap Mutual Fund, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top Alger Mid Cap Mutual Fund Constituents
| CGNX | Cognex | Stock | Information Technology | |
| QDEL | Quidel | Stock | Health Care | |
| USFD | US Foods Holding | Stock | Consumer Staples | |
| MASI | Masimo | Stock | Health Care | |
| PINS | Stock | Communication Services | ||
| GXO | GXO Logistics | Stock | Industrials | |
| DOCU | DocuSign | Stock | Information Technology | |
| BSY | Bentley Systems | Stock | Information Technology |
Alger Mid Cap Risk Profiles
| Mean Deviation | 1.3 | |||
| Standard Deviation | 1.71 | |||
| Variance | 2.94 | |||
| Risk Adjusted Performance | (0.02) |
Alger Mid Against Markets
Other Information on Investing in Alger Mutual Fund
Alger Mid financial ratios help investors to determine whether Alger Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Alger with respect to the benefits of owning Alger Mid security.
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