Alger Mid Cap Focus Fund new (AFOIX)
Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of mid-cap companies. In addition, under normal market conditions, it invests at least 25% of its total assets in companies in the following group of industries: Health Care Equipment & Supplies, Health Care Technology, Biotechnology, Life Sciences Tools & Services, and/or Software, as defined by third party sources. The fund may have 25% or more of its total assets invested in any one of these industries. It is non-diversified.
Share Price Chart
Loading data...
Performance
The chart shows the growth of $10,000 invested in Alger Mid Cap Focus Fund new in Oct 2022 and compares it to the S&P 500 index or another benchmark. It would be worth nearly $12,276 for a total return of roughly 22.76%. All prices are adjusted for splits and dividends.
Compare to other instruments
Return
Alger Mid Cap Focus Fund new had a return of 4.66% year-to-date (YTD) and -26.56% in the last 12 months. Over the past 10 years, Alger Mid Cap Focus Fund new had an annualized return of 5.56%, while the S&P 500 had an annualized return of 9.74%, indicating that Alger Mid Cap Focus Fund new did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| 1 month | 0.83% | 3.51% |
| Year-To-Date | 4.66% | 7.03% |
| 6 months | 4.30% | 12.88% |
| 1 year | -26.56% | -10.71% |
| 5 years (annualized) | 5.56% | 9.74% |
| 10 years (annualized) | 5.56% | 9.74% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 5.26% | -1.39% | ||||||||||
| 2022 | -9.58% | 5.38% | 0.66% | -5.07% |
Dividend History
Alger Mid Cap Focus Fund new granted a 0.00% dividend yield in the last twelve months. The annual payout for that period amounted to $0.00 per share.
| Period | TTM | 2022 | 2021 | 2020 |
|---|---|---|---|---|
| Dividend | $0.00 | $0.00 | $2.06 | $0.26 |
Dividend yield | 0.00% | 0.00% | 11.14% | 1.38% |
Monthly Dividends
The table displays the monthly dividend distributions for Alger Mid Cap Focus Fund new. 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 | $0.00 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.06 |
| 2020 | $0.26 |
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 Mid Cap Focus Fund new. 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 Mid Cap Focus Fund new is 53.81%, recorded on Oct 14, 2022. The portfolio has not recovered from it yet.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -53.81% | Nov 9, 2021 | 235 | Oct 14, 2022 | — | — | — |
| -28.08% | Feb 20, 2020 | 18 | Mar 16, 2020 | 36 | May 6, 2020 | 54 |
| -23.14% | Feb 16, 2021 | 62 | May 13, 2021 | 118 | Oct 29, 2021 | 180 |
| -10.71% | Jul 29, 2019 | 47 | Oct 2, 2019 | 70 | Jan 13, 2020 | 117 |
| -9.63% | Oct 14, 2020 | 13 | Oct 30, 2020 | 4 | Nov 5, 2020 | 17 |
| -9.31% | Sep 3, 2020 | 3 | Sep 8, 2020 | 17 | Oct 1, 2020 | 20 |
| -7.95% | Jan 25, 2021 | 3 | Jan 27, 2021 | 5 | Feb 3, 2021 | 8 |
| -7.58% | Nov 9, 2020 | 2 | Nov 10, 2020 | 11 | Nov 25, 2020 | 13 |
| -6.65% | Aug 6, 2020 | 4 | Aug 11, 2020 | 15 | Sep 1, 2020 | 19 |
| -5.56% | Jun 2, 2020 | 8 | Jun 11, 2020 | 3 | Jun 16, 2020 | 11 |
Volatility Chart
Current Alger Mid Cap Focus Fund new volatility is 22.10%. 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.