- What does ALMRX invest in?
- 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.
- What is the expense ratio of ALMRX?
- Alger Mid Cap Growth Institutional I (ALMRX) charges an expense ratio of 1.27%. This is the annual fee deducted from fund assets to cover management and operations.
- How big is ALMRX?
- Alger Mid Cap Growth Institutional I (ALMRX) manages $107.7M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.
- Is ALMRX actively managed or an index fund?
- ALMRX is a passive index fund — it tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (ALMRX's is 1.27%) because there's no security selection cost.
- When was ALMRX launched?
- Alger Mid Cap Growth Institutional I (ALMRX) launched in November 1993 and is managed by the fund issuer.
- How has ALMRX performed?
- ALMRX's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.
