AAMOX — Alger SMid Cap Focus Portfolio
Data updated: 2023-11-28
AAMOX — Alger SMid Cap Focus Portfolio. Developed ex-US Mid Cap Growth Equity · $1.17M AUM · 1.09% expense ratio. Holdings, fees, performance and SEC filings.
AAMOX Fund Overview
AAMOX — Alger SMid Cap Focus Portfolio is a US mutual fund managed by Alger Portfolios, categorised as Developed ex-US Mid Cap Growth Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Alger Portfolios
- Category: Developed ex-US Mid Cap Growth Equity
- Assets under management: $1.17M
- 1-year return: 0.0%
- Ticker: AAMOX
- SEC CIK: 0000832566
- SEC series ID: S000019253
- Share class ID: C000053095
AAMOX Investment Objective and Strategy
Alger SMid Cap Focus Portfolio describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Alger Portfolios.
Investment objective
Alger SMid Cap Focus Portfolio seeks long-term capital appreciation.
Principal investment strategy
"Fred Alger Management, Inc. believes companies undergoing Positive Dynamic Change offer the best investment opportunities. Positive Dynamic Change refers to companies realizing High Unit Volume Growth or companies undergoing Positive Lifecycle Change. High Unit Volume Growth companies are traditional growth companies experiencing, for example, significantly growing demand or market dominance. Positive Lifecycle Change companies are, for example, companies benefitting from regulatory change, a new product introduction or management change. Weatherbie Capital, LLC (""Weatherbie""), an affiliate of Fred Alger Management, Inc., and the Portfolio's sub-adviser, invests in smaller cap U. S. growth companies that Weatherbie believes have enduring earnings, reasonable valuations and a distinct competitive advantage.
Weatherbie invests in Foundation growth stocks and Opportunity growth stocks. Foundation growth stocks are companies led by experienced management teams, with innovative business models and the potential for high sales and earnings growth. Opportunity growth stocks are companies whose earnings may be temporarily depressed, but change is underway that Weatherbie believes can reaccelerate earnings. Under normal circumstances, the Portfolio invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of smallcap and midcap companies. Equity securities include common or preferred stocks that are listed on U.S. or foreign exchanges. Smallcap or midcap companies are companies that, at the time of purchase, have total market capitalization within the range of companies included in the Russell 2500 Growth Index or the Russell Midcap Growth Index, respectively, as reported by the indexes as of the most recent quarter-end.
At December 31, 2017, the market capitalization of the companies in these indexes ranged from $22.5 million to $36.7 billion. As a focus fund, the Portfolio intends to invest a substantial portion of its assets in a smaller number of issuers, and may focus its holdings in fewer business sectors or industries. Generally the Portfolio will own approximately 50 holdings. Portfolio holdings may occasionally exceed this number for a variety of reasons. The Portfolio's portfolio manager(s) may sell a stock when it reaches a target price, it fails to perform as expected, or other opportunities appear more attractive. As a result of this disciplined investment process, the Portfolio may engage in active trading of portfolio securities. The Portfolio can leverage, that is, borrow money to buy additional securities.
By borrowing money, the Portfolio has the potential to increase its returns if the increase in the value of the securities purchased exceeds the cost of borrowing, including interest paid on the money borrowed. However, leverage also has the potential to magnify any decrease in the value of the purchased securities. The Portfolio may invest a significant portion of its assets in securities of companies conducting business within a single sector, including the information technology, healthcare, consumer discretionary, and industrials sectors. The Portfolio can invest in foreign securities."
AAMOX Performance
Total returns for AAMOX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 0.0% |
| 3 years (annualised) | -0.0% |
AAMOX Risk Information
Risk metrics for AAMOX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 0.2%
AAMOX Costs and Fees
AAMOX costs about $109 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.09%
- Gross expense ratio: 5.19%
- Portfolio turnover: 75%
- Brokerage commissions: 12.09 bps of average net assets (SEC N-CEN)
AAMOX Cashflows
Over the 12 months to 2023-09, Alger SMid Cap Focus Portfolio had net outflows of $1.22M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2023-09 | $10.40K |
| 2023-08 | $39.84K |
| 2023-07 | $542 |
| 2023-06 | −$13.94K |
| 2023-05 | −$288 |
| 2023-04 | −$17.29K |
AAMOX Debt Constituents
No individual debt constituents are reported in Alger SMid Cap Focus Portfolio's latest SEC N-PORT filing.
AAMOX Prospectus and SEC Filings
Official Alger SMid Cap Focus Portfolio filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2023-04-14
- Prospectus (485BPOS) — filed 2022-04-14
- Prospectus (485BPOS) — filed 2021-04-16
- Portfolio holdings (N-PORT) — filed 2023-11-28
- Portfolio holdings (N-PORT) — filed 2023-08-28
- Portfolio holdings (N-PORT) — filed 2023-05-26
- Annual census (N-CEN) — filed 2023-03-14
- Annual census (N-CEN) — filed 2022-03-10
Related Funds
Other Developed ex-US Mid Cap Growth Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.