Alger Capital Appreciation Fund (ACAAX)
The fund invests at least 85% of its net assets, plus any borrowings for investment purposes, in equity securities of companies of any market capitalization that the Manager believes demonstrate promising growth potential. It 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 communication services sectors.
Fund Info
| ISIN | US0155658497 |
|---|---|
| CUSIP | 015565849 |
| Issuer | Alger |
| Inception Date | Dec 31, 1996 |
| Category | Large Cap Growth Equities |
| Min. Investment | $1,000 |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Growth |
Expense Ratio
The Alger Capital Appreciation Fund has a high expense ratio of 1.15%, indicating higher-than-average management fees.
Share Price Chart
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Popular comparisons: ACAAX vs. VOO
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Alger Capital Appreciation Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Alger Capital Appreciation Fund had a return of 12.31% year-to-date (YTD) and 44.64% in the last 12 months. Over the past 10 years, Alger Capital Appreciation Fund had an annualized return of 11.04%, while the S&P 500 benchmark had an annualized return of 10.55%, indicating that Alger Capital Appreciation Fund performed slightly bigger than the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 12.31% | 6.33% |
| 1 month | -4.38% | -2.81% |
| 6 months | 31.29% | 21.13% |
| 1 year | 44.64% | 24.56% |
| 5 years (annualized) | 13.25% | 11.55% |
| 10 years (annualized) | 11.04% | 10.55% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 5.03% | 8.48% | 2.47% | |||||||||
| 2023 | -5.99% | -1.02% | 12.07% | 3.87% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
Alger Capital Appreciation Fund(ACAAX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Alger Capital Appreciation Fund (ACAAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Alger Capital Appreciation Fund granted a 6.40% dividend yield in the last twelve months. The annual payout for that period amounted to $1.82 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $1.82 | $1.82 | $0.84 | $7.41 | $5.15 | $2.20 | $2.54 | $1.67 |
Dividend yield | 6.40% | 7.19% | 4.42% | 23.67% | 15.64% | 8.17% | 11.59% | 6.76% |
Monthly Dividends
The table displays the monthly dividend distributions for Alger Capital Appreciation Fund. 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | |||||||||
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.82 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.84 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $7.41 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $5.15 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.20 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.54 |
| 2017 | $1.67 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Alger Capital Appreciation Fund. 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 Capital Appreciation Fund was 78.16%, occurring on Feb 13, 2003. Recovery took 3698 trading sessions.
The current Alger Capital Appreciation Fund drawdown is 16.03%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -78.16% | Jan 4, 1999 | 1039 | Feb 13, 2003 | 3698 | Oct 27, 2017 | 4737 |
| -75.42% | Jul 6, 1998 | 69 | Oct 8, 1998 | 56 | Dec 25, 1998 | 125 |
| -71.03% | Sep 2, 1997 | 82 | Dec 24, 1997 | 77 | Apr 10, 1998 | 159 |
| -67.8% | Apr 13, 1998 | 38 | Jun 3, 1998 | 22 | Jul 3, 1998 | 60 |
| -66.72% | Jul 7, 1997 | 1 | Jul 7, 1997 | 40 | Sep 1, 1997 | 41 |
Volatility
Volatility Chart
The current Alger Capital Appreciation Fund volatility is 6.43%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.