- Issuer
- Alger
- Inception Date
- Apr 4, 2024
- Category
- Technology Equities
- Min. Investment
- $500,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
AAICX Performance Chart
Alger AI Enablers & Adopters C (AAICX) is up 28.0% since the beginning of the year. AAICX is currently trading at $22 per share.
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Returns By Period
Alger AI Enablers & Adopters C (AAICX) has returned 28.00% so far this year and 62.16% over the past 12 months.
Alger AI Enablers & Adopters C
- 1D
- 2.46%
- 1M
- 7.22%
- YTD
- 28.00%
- 6M
- 26.36%
- 1Y
- 62.16%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
AAICX Monthly Returns History
Based on dividend-adjusted daily data since Apr 8, 2024, AAICX's average daily return is +0.17%, while the average monthly return is +3.50%. At this rate, an investment would double in approximately 1.7 years.
Historically, 67% of months were positive and 33% were negative. The best month was Apr 2026 with a return of +19.0%, while the worst month was Mar 2025 at -10.7%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 5 months.
On a daily basis, AAICX closed higher 57% of trading days. The best single day was Apr 9, 2025 with a return of +12.7%, while the worst single day was Jan 27, 2025 at -7.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -1.18% | -4.54% | -2.57% | 18.96% | 14.32% | 2.41% | 28.00% | ||||||
| 2025 | 4.49% | -6.44% | -10.69% | 3.46% | 16.97% | 10.77% | 7.08% | 2.35% | 11.35% | 2.55% | -4.39% | -0.34% | 39.54% |
| 2024 | -5.61% | 8.65% | 7.01% | -3.77% | 2.80% | 5.98% | 1.45% | 10.88% | 2.58% | 32.77% |
Benchmark Metrics
Alger AI Enablers & Adopters C has an annualized alpha of 18.56%, beta of 1.51, and R2 of 0.77 versus S&P 500 Index. Calculated based on daily prices since April 08, 2024.
- This fund captured 227.75% of S&P 500 Index gains but only 97.66% of its losses - a favorable profile for investors.
- This fund generated an annualized alpha of 18.56% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Beta of 1.51 means this fund moves significantly more than S&P 500 Index - expect amplified gains in rallies and amplified losses in downturns.
- Alpha
- 18.56%
- Beta
- 1.51
- R²
- 0.77
- Upside Capture
- 227.75%
- Downside Capture
- 97.66%
Expense Ratio
AAICX has a high expense ratio of 1.66%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
AAICX ranks 70 for risk / return — better than 70% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Alger AI Enablers & Adopters C (AAICX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AAICX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.52 | ||
| Sortino ratioReturn per unit of downside risk | +0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.37 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.41 | 2.78 | +0.62 |
| Martin ratioReturn relative to average drawdown | 10.12 | 12.44 | -2.32 |
Dividends
Dividend History
Alger AI Enablers & Adopters C provided a 5.03% dividend yield over the last twelve months, with an annual payout of $1.09 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $1.09 | $1.09 | $0.58 |
Dividend yield | 5.03% | 6.44% | 4.48% |
Monthly Dividends
The table displays the monthly dividend distributions for Alger AI Enablers & Adopters C. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.09 | $1.09 |
| 2024 | $0.58 | $0.58 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Alger AI Enablers & Adopters C. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Alger AI Enablers & Adopters C was 29.07%, occurring on Apr 4, 2025. Recovery took 43 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -29.07%Apr 2025 | 1mo 15d | 2mo 3d | 3mo 18dFeb 2025 - Jun 2025 |
2026 correction2026 | -17.87%Mar 2026 | 5mo 1d | 18d | 5mo 19dOct 2025 - Apr 2026 |
2024 correction2024 | -15.98%Aug 2024 | 25d | 1mo 21d | 2mo 16dJul 2024 - Sep 2024 |
2026 pullback2026 | -9.63%Jun 2026 | 7d | 8d | 15dJun 2026 - Jun 2026 |
2024 pullback2024 | -8.75%Apr 2024 | 4d | 25d | 29dApr 2024 - May 2024 |
Drawdown Indicators
| AAICX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.07% | -56.78% | +27.71% |
Max Drawdown (1Y)Largest decline over 1 year | -17.87% | -9.10% | -8.77% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -5.05% | -10.71% | +5.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.01% | 2.03% | +3.98% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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