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.
Fund Info
US0155651799
015565179
Jun 14, 2019
$0
Mid-Cap
Growth
Expense Ratio
AFOIX has a high expense ratio of 0.95%, indicating above-average management fees.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Alger Mid Cap Focus Fund new (AFOIX) returned -8.38% year-to-date (YTD) and 5.16% over the past 12 months.
AFOIX
-8.38%
12.10%
-9.04%
5.16%
5.76%
N/A
^GSPC (Benchmark)
-3.77%
7.44%
-5.60%
8.37%
14.12%
10.46%
Monthly Returns
The table below presents the monthly returns of AFOIX, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 4.78% | -8.48% | -9.61% | 1.49% | 4.15% | -8.38% | |||||||
| 2024 | 2.81% | 10.80% | 3.05% | -4.98% | 2.85% | -1.10% | -1.83% | 1.99% | 4.43% | 1.75% | 15.33% | -5.42% | 31.68% |
| 2023 | 5.26% | -1.39% | 0.83% | -1.89% | -1.26% | 6.12% | 2.00% | -1.26% | -6.28% | -3.74% | 11.99% | 6.38% | 16.47% |
| 2022 | -10.91% | 0.36% | -1.51% | -14.10% | -7.78% | -9.29% | 8.45% | 0.24% | -9.58% | 5.38% | 0.66% | -5.07% | -37.37% |
| 2021 | 3.41% | 6.03% | -4.67% | 2.40% | -1.69% | 5.22% | -1.44% | 7.23% | -1.87% | 8.77% | -9.18% | -12.97% | -1.28% |
| 2020 | 3.39% | -3.66% | -6.42% | 15.49% | 15.12% | 2.89% | 9.27% | 2.64% | 2.85% | -0.53% | 15.76% | 7.32% | 81.78% |
| 2019 | 2.39% | 2.82% | -1.70% | -5.59% | -0.82% | 5.97% | 0.19% | 2.89% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of AFOIX is 35, 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 Mid Cap Focus Fund new (AFOIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Alger Mid Cap Focus Fund new. 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 Mid Cap Focus Fund new was 54.06%, occurring on Oct 26, 2023. The portfolio has not yet recovered.
The current Alger Mid Cap Focus Fund new drawdown is 32.11%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -54.06% | Nov 9, 2021 | 494 | Oct 26, 2023 | — | — | — |
| -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 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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