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 has a high expense ratio of 0.83%, 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 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 13.52% year-to-date (YTD) and 43.36% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 13.52% | 6.17% |
| 1 month | -2.56% | -2.72% |
| 6 months | 27.65% | 17.29% |
| 1 year | 43.36% | 23.80% |
| 5 years (annualized) | 13.82% | 11.47% |
| 10 years (annualized) | N/A | 10.41% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 5.12% | 8.45% | 2.51% | -4.33% | ||||||||
| 2023 | -0.93% | 12.13% | 3.83% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of ACAYX is 88, placing it in the top 12% of the market in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Alger Capital Appreciation Institutional Fund Class Y(ACAYX)
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
Alger Capital Appreciation Institutional Fund Class Y granted a 6.83% dividend yield in the last twelve months. The annual payout for that period amounted to $2.68 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $2.68 | $2.68 | $0.98 | $8.00 | $6.94 | $3.57 | $3.55 | $2.19 |
Dividend yield | 6.83% | 7.76% | 3.77% | 18.85% | 16.28% | 10.19% | 12.28% | 6.73% |
Monthly Dividends
The table displays the monthly dividend distributions for Alger Capital Appreciation Institutional Fund Class Y. 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 | $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 | $2.68 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.98 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $8.00 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $6.94 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.57 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.55 |
| 2017 | $2.19 |
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 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 46.37%, occurring on Dec 28, 2022. The portfolio has not yet recovered.
The current Alger Capital Appreciation Institutional Fund Class Y drawdown is 10.95%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -46.37% | Dec 16, 2021 | 260 | Dec 28, 2022 | — | — | — |
| -29.58% | Feb 20, 2020 | 23 | Mar 23, 2020 | 52 | Jun 5, 2020 | 75 |
| -22.12% | Oct 2, 2018 | 58 | Dec 24, 2018 | 81 | Apr 23, 2019 | 139 |
| -10.13% | Sep 3, 2020 | 14 | Sep 23, 2020 | 45 | Nov 25, 2020 | 59 |
| -9.87% | Jan 29, 2018 | 9 | Feb 8, 2018 | 20 | Mar 9, 2018 | 29 |
Volatility
Volatility Chart
The current Alger Capital Appreciation Institutional Fund Class Y volatility is 7.13%, 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.