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
| ISIN | US0155707328 |
|---|---|
| Issuer | Alger |
| Inception Date | Feb 28, 2017 |
| Category | Large Cap Growth Equities |
| Min. Investment | $500,000 |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Growth |
Expense Ratio
ACAYX features an expense ratio of 0.83%, falling within the medium range.
Share Price Chart
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Popular comparisons: ACAYX vs. FTQGX
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 48.32% year-to-date (YTD) and 44.35% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 48.32% | 25.48% |
| 1 month | 6.93% | 2.14% |
| 6 months | 22.35% | 12.76% |
| 1 year | 44.35% | 33.14% |
| 5 years (annualized) | 6.79% | 13.96% |
| 10 years (annualized) | N/A | 11.39% |
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% | 48.32% | ||
| 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 48, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
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. The portfolio has not yet recovered.
The current Alger Capital Appreciation Institutional Fund Class Y drawdown is 3.81%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -52.18% | Nov 22, 2021 | 277 | Dec 28, 2022 | — | — | — |
| -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 |
| -10.13% | Sep 3, 2020 | 14 | Sep 23, 2020 | 45 | Nov 25, 2020 | 59 |
Volatility
Volatility Chart
The current Alger Capital Appreciation Institutional Fund Class Y volatility is 5.72%, 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.