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Alger Mid Cap Focus I (AAIYX)

11.49 Up 0.01(0.09%) May 25

Profile as of Apr 29, 2016Get Profile for:
Alger Mid Cap Focus I
Alger Funds II360 Park Avenue SouthNew York NY 10010
Phone: 800-992-3362
Fund Overview 
Category:Mid-Cap Growth
Fund Family:Alger
Net Assets:8.34M
Year-to-Date Return:-3.74%
Morningstar Rating:3 stars
Fund Inception Date:Sep 24, 2008
Morningstar Style Box 
Mid-Cap Growth
[View Category Definition]
View Top Mid-Cap Growth Funds
About the Morningstar Style Box
Management Information 
Alex Goldman
Lead Manager since Dec 30, 2015
Alex Goldman is Senior Vice President, Senior Analyst covering the industrials sector and Co-Portfolio Manager of the Alger Mid Cap Growth strategies. He joined Alger in 2011 and has 15 years of investment experience, most recently as a research analyst at CastleRock Management. He has also served in various roles at Morgan Stanley in the Equity Financing Services, Risk Management Group and Sell-Side Research Department. Alex earned his M.B.A. from Columbia University School of Business and his B.S. from Columbia University School of Engineering and Applied Science. He is a CFA Level III candidate.
Investment Information 
Min Initial Investment:0
Min Initial Investment, IRA:N/A
Min Initial Investment, AIP:N/A
Min Subsequent Investment:N/A
Min Subsequent Investment, IRA:N/A
Min Subsequent Investment, AIP:N/A
AAIYX can be purchased from 44 brokerages.

Fund Summary 
The investment seeks long-term capital appreciation. The fund invests at least 80% of its net assets, plus any borrowings for investment purposes, 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 broad indexes of medium-capitalization stocks. The advisor intends to invest a substantial portion of its assets in a small number of issuers, and may focus its holdings in fewer business sectors or industries.

Fund Operations 
Last Dividend : 0.00
Last Cap Gain (Dec 15, 2015) : 0.00
Annual Holdings Turnover (May 23, 2016) : 106.86%
Average for Category:52.51%
Fees & Expenses 
ExpenseAAIYXCategory Avg
Annual Report Expense Ratio (net):1.43%1.27%
Prospectus Net Expense Ratio:1.20%N/A
Prospectus Gross Expense Ratio:2.50%N/A
Max 12b1 Fee:0.25%N/A
Max Front End Sales Load:N/A5.35%
Max Deferred Sales Load: N/A2.00%
3 Yr Expense Projection*:654508
5 Yr Expense Projection*:1,213820
10 Yr Expense Projection*:2,7381,697
* Per $10,000 invested