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.
Share Price Chart
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Performance
The chart shows the growth of $10,000 invested in Alger Capital Appreciation Fund in Oct 2022 and compares it to the S&P 500 index or another benchmark. It would be worth nearly $68,012 for a total return of roughly 580.12%. All prices are adjusted for splits and dividends.
Compare to other instruments
Return
Alger Capital Appreciation Fund had a return of 13.55% year-to-date (YTD) and -19.58% in the last 12 months. Over the past 10 years, Alger Capital Appreciation Fund had an annualized return of 8.70%, while the S&P 500 had an annualized return of 10.16%, indicating that Alger Capital Appreciation Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| 1 month | 6.22% | 3.51% |
| Year-To-Date | 13.55% | 7.03% |
| 6 months | 10.76% | 12.88% |
| 1 year | -19.58% | -10.71% |
| 5 years (annualized) | 9.05% | 9.25% |
| 10 years (annualized) | 8.70% | 10.16% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 9.02% | -1.94% | ||||||||||
| 2022 | -9.88% | 3.95% | 3.32% | -7.96% |
Dividend History
Alger Capital Appreciation Fund granted a 3.89% dividend yield in the last twelve months. The annual payout for that period amounted to $0.84 per share.
| Period | TTM | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.84 | $0.84 | $7.41 | $5.15 | $2.20 | $2.54 | $1.67 | $0.00 | $0.00 | $0.00 | $0.00 | $0.12 |
Dividend yield | 3.89% | 4.42% | 24.65% | 20.26% | 12.27% | 18.85% | 12.27% | 0.00% | 0.00% | 0.00% | 0.00% | 1.39% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | $0.00 | $0.00 | ||||||||||
| 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 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.67 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2013 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2012 | $0.12 |
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below shows the maximum drawdowns of the Alger Capital Appreciation Fund. A maximum drawdown is an indicator of risk. It shows a reduction in portfolio value from its maximum due to a series of losing trades.
The maximum drawdown since January 2010 for the Alger Capital Appreciation Fund is 78.16%, recorded on Feb 13, 2003. It took 3698 trading sessions for the portfolio to recover.
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 |
| -66.42% | Dec 28, 1998 | 3 | Dec 30, 1998 | 2 | Jan 1, 1999 | 5 |
| -48.73% | Dec 16, 2021 | 260 | Dec 28, 2022 | — | — | — |
| -29.52% | Feb 20, 2020 | 23 | Mar 23, 2020 | 52 | Jun 5, 2020 | 75 |
| -22.29% | Oct 2, 2018 | 58 | Dec 24, 2018 | 81 | Apr 23, 2019 | 139 |
| -10.06% | Sep 3, 2020 | 14 | Sep 23, 2020 | 46 | Nov 27, 2020 | 60 |
Volatility Chart
Current Alger Capital Appreciation Fund volatility is 17.35%. The chart below shows the rolling 10-day volatility. Volatility is a statistical measure showing how big price swings are in either direction. The higher asset volatility, the riskier it is, because the price movements are less predictable.