2 / 5 Stars
Zacks Investment Research
Standard & Poor's
U.S. News evaluated 222 Mid-Cap Growth Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
The fund has returned 25.51 percent over the past year, 11.72 percent over the past three years, 22.01 percent over the past five years, and 6.26 percent over the past decade.
|Trailing Returns||Updated 01.31.2014|
|Year to date||-1.7%|
|3 Years (Annualized)||11.7%|
|5 Years (Annualized)||22.0%|
|10 Years (Annualized)||6.3%|
The investment seeks long-term capital appreciation. The fund focuses on mid-size companies that the advisor believes demonstrate promising growth potential. Under normal circumstances, the fund invests at least 80% of its net assets in the 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. The fund can also invest in derivative instruments.
Fees are High compared to funds in the same category.
Alger Mid Cap Growth Portfolio Fund has an expense ratio of 1.03 percent.
Risk is High compared to funds in the same category according to Morningstar.