The Fund Grade · free · no account needed
What grade does AFOIX get?
Morningstar rates funds on what they returned. We grade them on where their money sits today: how much of the book overlaps with the converged buys of the top specialist stock pickers.
Fundprints Fund Grade · as of 2026-10-01
Alger Mid Cap Focus Fund Class I
#144 of 500 graded active funds · blend · mid segment peer group
The point · specialist footprint
AFOIX puts less of its book behind proven specialists than 72% of graded funds.
Bottom 20%
● Bottom 40%
Middle
Top 40%
Top 20%
That has mattered: over the past 2.7 years, funds with this little specialist backing trailed top-rung funds by about 3.8% per quarter and beat the S&P in only 22% of fund-quarters. If it also charges an active fee, the higher-graded alternatives deserve a look.
10,000+ funds tracked · the graded specialists among them drive every read
The grade scores this fund's specialist share, the slice that overlaps what the top 1% of proven funds are building. We ignore index ballast and names outside our edge on purpose: that slice is small, and it's what decides the outcome.
AFOIX vs the Honor Roll · share card ↗Conviction exposure
10.3%
of the book in specialist-converged names
Late-stage weight
30.2%
of the book in Crowded or Fading names
Active share
98.2%
how far it strays from the index
The best grades have beaten the worst by about +5% a year since we began grading. The gap held in 9 out of 10 months. Measured on filings as they were published, no hindsight.
Inside the book: top names by stage · as of 2026-10-20
We email you the day it crosses 50% crowded, and where you stand every month.
Graded monthly from point-in-time filings. A description of where the money sits, not a recommendation. Evidence, not advice.
The read · what to do with it
Alger Mid Cap Focus Fund earns a B grade and ranks 144 of 500, with specialists holding about 10% of the fund. The most striking detail is that five positions totaling over 12% of the fund are either fading or crowded, while early conviction names like MOD, RGEN, and GH represent the cleaner opportunity set here.
→ Watch RBC, HWM, APH, and ABVX closely, as specialists are actively leaving all four positions.
→ Note that higher graded funds exist within the Alger family, worth comparing before adding to this position.
Support leaving these positions
Same family, higher grade
Read from today's disclosed book. Evidence, not advice.