Alger Capital Appreciation Institutional Fund Class Y (ACAYX)
The mutual fund primarily focuses on investing in equity securities of companies across various market capitalizations, with the aim of capturing promising growth potential.
Fund Info
US0155707328
Feb 28, 2017
$500,000
Large-Cap
Growth
Expense Ratio
ACAYX features an expense ratio of 0.83%, falling within the medium range.
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 Institutional Fund Class Y, 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 Institutional Fund Class Y had a return of 33.87% year-to-date (YTD) and 33.95% in the last 12 months.
ACAYX
33.87%
-7.85%
2.12%
33.95%
5.82%
N/A
^GSPC (Benchmark)
23.11%
-0.36%
7.02%
23.15%
12.80%
11.01%
Monthly Returns
The table below presents the monthly returns of ACAYX, 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 | 5.12% | 8.45% | 2.51% | -4.33% | 8.18% | 6.68% | -3.46% | 3.21% | 4.66% | 1.12% | 10.17% | 33.87% | |
| 2023 | 9.08% | -1.98% | 6.26% | 1.25% | 5.55% | 6.66% | 3.09% | -0.95% | -6.00% | -0.93% | 12.12% | -3.73% | 32.95% |
| 2022 | -11.10% | -3.13% | 1.67% | -14.54% | -3.37% | -8.71% | 12.39% | -4.23% | -9.82% | 3.83% | 3.37% | -10.94% | -38.76% |
| 2021 | -1.03% | 1.97% | 0.28% | 6.44% | -1.24% | 5.69% | 2.32% | 3.32% | -5.74% | 7.52% | -0.76% | -16.77% | -0.52% |
| 2020 | 3.40% | -6.02% | -8.64% | 14.64% | 6.79% | 4.71% | 7.83% | 9.97% | -4.09% | -3.07% | 9.86% | -11.61% | 21.83% |
| 2019 | 9.07% | 3.65% | 2.27% | 5.09% | -6.32% | 7.12% | 1.25% | -1.46% | -0.83% | 2.90% | 4.57% | -6.67% | 21.15% |
| 2018 | 8.55% | -2.21% | -3.01% | 1.46% | 4.56% | 0.68% | 2.29% | 4.48% | 0.68% | -9.72% | 1.93% | -18.44% | -11.19% |
| 2017 | 0.38% | 2.66% | 3.19% | -0.87% | 3.31% | 2.48% | -0.18% | 4.64% | 1.76% | -6.12% | 11.37% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of ACAYX is 61, indicating average performance compared to other mutual funds on our website. Here’s 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 Institutional Fund Class Y (ACAYX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
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 Institutional Fund Class Y. 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 Institutional Fund Class Y was 52.18%, occurring on Dec 28, 2022. Recovery took 486 trading sessions.
The current Alger Capital Appreciation Institutional Fund Class Y drawdown is 14.86%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -52.18% | Nov 22, 2021 | 277 | Dec 28, 2022 | 486 | Dec 4, 2024 | 763 |
| -30.57% | Oct 2, 2018 | 58 | Dec 24, 2018 | 289 | Feb 19, 2020 | 347 |
| -29.58% | Feb 20, 2020 | 23 | Mar 23, 2020 | 52 | Jun 5, 2020 | 75 |
| -16.26% | Dec 9, 2020 | 60 | Mar 8, 2021 | 96 | Jul 23, 2021 | 156 |
| -14.86% | Dec 9, 2024 | 8 | Dec 18, 2024 | — | — | — |
Volatility
Volatility Chart
The current Alger Capital Appreciation Institutional Fund Class Y volatility is 13.97%, 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.