Alger Capital Appreciation Fund Class Z (ACAZX)

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The chart shows the growth of an initial investment of $10,000 in Alger Capital Appreciation Fund Class Z, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Alger Capital Appreciation Fund Class Z (ACAZX) has returned -14.55% so far this year and 27.56% over the past 12 months. Looking at the last ten years, ACAZX has achieved an annualized return of 18.05%, outperforming the S&P 500 Index benchmark, which averaged 12.16% per year.

Based on dividend-adjusted daily data since Dec 29, 2010, ACAZX's average daily return is +0.07%, while the average monthly return is +1.34%. At this rate, your investment would double in approximately 4.3 years.

Historically, 61% of months were positive and 39% were negative. The best month was May 2025 with a return of +15.4%, while the worst month was Apr 2022 at -14.5%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 5 months.

On a daily basis, ACAZX closed higher 55% of trading days. The best single day was Dec 15, 2021 with a return of +22.9%, while the worst single day was Dec 16, 2021 at -19.1%.

Alger Capital Appreciation Fund Class Z has an annualized alpha of 3.28%, beta of 1.15, and R² of 0.75 versus S&P 500 Index. Calculated based on daily prices since December 30, 2010.

• This fund captured 118.55% of S&P 500 Index gains but only 99.27% of its losses — a favorable profile for investors.
• This fund generated an annualized alpha of 3.28% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.
• With beta of 1.15 and R² of 0.75, this fund moves broadly in line with S&P 500 Index — much of its variation is explained by market exposure rather than independent behavior.

ACAZX has an expense ratio of 0.85%, placing it in the medium range.

ACAZX ranks 48 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.

The table below present risk-adjusted performance metrics for Alger Capital Appreciation Fund Class Z (ACAZX) and compare them to a chosen benchmark (S&P 500 Index).

Alger Capital Appreciation Fund Class Z provided a 10.33% dividend yield over the last twelve months, with an annual payout of $3.92 per share.

The table displays the monthly dividend distributions for Alger Capital Appreciation Fund Class Z. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the Alger Capital Appreciation Fund Class Z. 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 Class Z was 47.92%, occurring on Jan 5, 2023. Recovery took 374 trading sessions.

The current Alger Capital Appreciation Fund Class Z drawdown is 18.97%.

The chart below shows the rolling one-month volatility.