# Alger Mid Cap Growth Institutional I (ALMRX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/almrx for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: — · Asset class: Equity - Strategy: Actively Managed · Inception: 1993-11-08 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. ## Key Facts | Metric | Value | |---|---| | Price | $29.16 | | Expense Ratio | 1.27% | | Assets Under Management | $104.8M | | NAV | $29.16 | | Holdings Count | — | | Distribution Yield (TTM) | — | | Annual Distribution (TTM) | — /share | | Distribution Frequency | Annual | | 52-Week Range | $25.09 – $31.70 | | Beta | 1.25 | ## Latest Distribution - Amount: $19.8525 /share - Ex-date: 2021-12-15 - Pay date: 2021-12-15 ## Frequently Asked Questions ### 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 $104.8M 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 actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (ALMRX's is 1.27%) in exchange for the discretion to over- or under-weight positions. ### 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. ### Does ALMRX pay a dividend? Alger Mid Cap Growth Institutional I (ALMRX) currently distributes little or no income. Trailing-twelve-month yield is —. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does ALMRX pay dividends? Alger Mid Cap Growth Institutional I pays dividends Annual. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is ALMRX's dividend yield? ALMRX's trailing-twelve-month yield is —, calculated from the sum of dividends over the past year divided by the current price. ### When is ALMRX's next ex-dividend date? The most recently announced ex-dividend date for ALMRX was 2021-12-15. The next ex-date typically follows Annual; once announced it appears at the top of the dividend history table on this page. ### How much will ALMRX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 1.27% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does ALMRX charge its expense ratio? The expense ratio is deducted in tiny daily slices from ALMRX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does ALMRX cost more than a fund like VOO? ALMRX is actively managed (current expense ratio 1.27%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether ALMRX's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to ALMRX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as ALMRX (1.27%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/almrx - Distribution history: https://www.dividenddata.com/funds/almrx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/almrx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/almrx/expenses - Peer comparison: https://www.dividenddata.com/funds/almrx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.