Alger Mid Cap Growth Institutional Fund

Scorecard
2 / 5 Stars
Lipper
2 2 2 2 4
Zacks Investment Research
1 (Strong Buy)
Standard & Poor's
3 / 5 Stars
TheStreet.com
C (Hold)

#88 in Mid-Cap Growth

U.S. News evaluated 223 Mid-Cap Growth Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.

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Performance

The fund has returned 31.89 percent over the past year, 12.18 percent over the past three years, 25.06 percent over the past five years, and 7.27 percent over the past decade.

Trailing Returns Updated 02.28.2014
Year to date 4.7%
1 Year 31.9%
3 Years (Annualized) 12.2%
5 Years (Annualized) 25.1%
10 Years (Annualized) 7.3%

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Summary

The investment seeks long-term capital appreciation. 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. It can also invest in derivative instruments.

Fees

Fees are Low compared to funds in the same category.
Alger Mid Cap Growth Institutional Fund has an expense ratio of 1.29 percent.

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Risk

Risk is High compared to funds in the same category according to Morningstar.

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