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
US0155658497
015565849
Dec 31, 1996
$1,000
Large-Cap
Growth
Expense Ratio
ACAAX has a high expense ratio of 1.15%, indicating higher-than-average management fees.
Share Price Chart
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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 53.69% year-to-date (YTD) and 54.11% in the last 12 months. Over the past 10 years, Alger Capital Appreciation Fund had an annualized return of 6.47%, while the S&P 500 had an annualized return of 11.11%, indicating that Alger Capital Appreciation Fund did not perform as well as the benchmark.
ACAAX
53.69%
3.51%
20.84%
54.11%
7.66%
6.47%
^GSPC (Benchmark)
25.25%
0.08%
9.66%
25.65%
13.17%
11.11%
Monthly Returns
The table below presents the monthly returns of ACAAX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 5.03% | 8.48% | 2.47% | -4.44% | 8.19% | 6.72% | -3.56% | 3.25% | 4.69% | 1.09% | 10.18% | 53.69% | |
| 2023 | 9.02% | -1.94% | 6.22% | 1.21% | 5.51% | 6.70% | 3.06% | -0.99% | -5.99% | -1.02% | 12.07% | -3.18% | 33.28% |
| 2022 | -11.12% | -3.16% | 1.52% | -14.48% | -3.46% | -8.68% | 12.32% | -4.27% | -9.88% | 3.95% | 3.32% | -11.65% | -39.42% |
| 2021 | -1.09% | 1.93% | 0.18% | 6.40% | -1.24% | 5.58% | 2.30% | 3.28% | -5.79% | 7.43% | -0.81% | -20.07% | -5.01% |
| 2020 | 3.34% | -6.03% | -8.64% | 14.73% | 6.75% | 4.68% | 7.77% | 9.93% | -4.08% | -3.04% | 9.75% | -11.07% | 22.31% |
| 2019 | 8.99% | 3.60% | 2.30% | 4.98% | -6.36% | 7.07% | 1.24% | -1.37% | -0.90% | 2.88% | 4.50% | -4.94% | 22.96% |
| 2018 | 8.39% | -2.32% | -3.03% | 1.46% | 4.55% | 0.71% | 2.14% | 4.49% | 0.69% | -9.84% | 1.91% | -17.97% | -11.15% |
| 2017 | 5.38% | 3.64% | 1.69% | 2.69% | 3.19% | -0.97% | 3.25% | 2.53% | -0.12% | 4.65% | 1.62% | -6.20% | 22.93% |
| 2016 | -7.14% | -2.08% | 6.44% | -1.18% | 2.75% | -1.72% | 5.03% | -0.44% | 1.38% | -2.66% | 0.15% | -0.30% | -0.50% |
| 2015 | -1.31% | 6.66% | 0.14% | -0.88% | 3.40% | -1.13% | 2.46% | -7.08% | -3.40% | 8.23% | 1.10% | -8.65% | -1.80% |
| 2014 | -2.05% | 5.40% | -2.35% | -1.13% | 3.44% | 3.19% | -0.81% | 4.65% | -1.55% | 1.36% | 3.37% | -14.14% | -2.19% |
| 2013 | 4.96% | 0.68% | 3.40% | 0.44% | 3.00% | -2.43% | 5.91% | -1.02% | 4.76% | 4.59% | 3.07% | -3.85% | 25.54% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 90, ACAAX is among the top 10% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
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 provided a 12.58% dividend yield over the last twelve months, with an annual payout of $4.35 per share.
| Period | TTM |
|---|---|
| Dividend | $4.35 |
Dividend yield | 12.58% |
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 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $4.35 | $4.35 |
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.
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 71.48%, occurring on Feb 13, 2003. Recovery took 2629 trading sessions.
The current Alger Capital Appreciation Fund drawdown is 5.09%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -71.48% | Mar 28, 2000 | 720 | Feb 13, 2003 | 2629 | Aug 1, 2013 | 3349 |
| -54.57% | Nov 22, 2021 | 282 | Jan 5, 2023 | — | — | — |
| -30.67% | Jul 21, 1998 | 58 | Oct 8, 1998 | 52 | Dec 21, 1998 | 110 |
| -30.29% | Oct 2, 2018 | 58 | Dec 24, 2018 | 283 | Feb 10, 2020 | 341 |
| -29.52% | Feb 20, 2020 | 23 | Mar 23, 2020 | 52 | Jun 5, 2020 | 75 |
Volatility
Volatility Chart
The current Alger Capital Appreciation Fund volatility is 6.42%, 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.