- ISIN
- US0155651799
- CUSIP
- 015565179
- Issuer
- Alger
- Inception Date
- Jun 14, 2019
- Category
- Mid Cap Growth Equities
- Min. Investment
- $0
- Distribution Policy
- Accumulating
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
AFOIX Performance Chart
Alger Mid Cap Focus Fund new (AFOIX) is up 10.0% since the beginning of the year. AFOIX is currently trading at $23 per share. Investors who bought $1,000 worth of AFOIX shares 5 years ago would now be looking at an investment worth $1,274.
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Returns By Period
Alger Mid Cap Focus Fund new (AFOIX) has returned 10.02% so far this year and 28.35% over the past 12 months.
Alger Mid Cap Focus Fund new
- 1D
- 1.08%
- 1M
- 8.85%
- YTD
- 10.02%
- 6M
- 9.38%
- 1Y
- 28.35%
- 3Y*
- 23.04%
- 5Y*
- 4.97%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.74%
- 1M
- 4.90%
- YTD
- 10.35%
- 6M
- 10.28%
- 1Y
- 26.52%
- 3Y*
- 20.83%
- 5Y*
- 12.30%
- 10Y*
- 13.66%
AFOIX Monthly Returns History
Based on dividend-adjusted daily data since Jun 17, 2019, AFOIX's average daily return is +0.07%, while the average monthly return is +1.30%. At this rate, an investment would double in approximately 4.5 years.
Historically, 59% of months were positive and 41% were negative. The best month was Nov 2020 with a return of +15.8%, while the worst month was Apr 2022 at -14.1%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 4 months.
On a daily basis, AFOIX closed higher 53% of trading days. The best single day was Apr 9, 2025 with a return of +8.4%, while the worst single day was Mar 16, 2020 at -10.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.15% | -0.63% | -7.17% | 8.26% | 8.85% | 1.08% | 10.02% | ||||||
| 2025 | 4.78% | -8.48% | -9.61% | 1.49% | 9.33% | 8.07% | 4.11% | 1.87% | 7.85% | 0.47% | -2.68% | -1.11% | 14.95% |
| 2024 | 2.81% | 10.80% | 3.05% | -4.98% | 2.12% | -0.39% | -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% | -2.90% | 10.14% |
Benchmark Metrics
Alger Mid Cap Focus Fund new has an annualized alpha of 0.72%, beta of 1.04, and R2 of 0.62 versus S&P 500 Index. Calculated based on daily prices since June 18, 2019.
- With beta of 1.04 and R2 of 0.62, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 0.72%
- Beta
- 1.04
- R²
- 0.62
- Upside Capture
- 96.54%
- Downside Capture
- 96.74%
Expense Ratio
AFOIX has a high expense ratio of 0.95%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
AFOIX ranks 24 for risk / return — below 24% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Alger Mid Cap Focus Fund new (AFOIX) and compare them to S&P 500 Index.
| AFOIX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.43 | 2.24 | -0.81 |
Sortino ratioReturn per unit of downside risk | 1.98 | 3.07 | -1.09 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.41 | -0.17 |
Calmar ratioReturn relative to maximum drawdown | 1.92 | 2.93 | -1.01 |
Martin ratioReturn relative to average drawdown | 5.95 | 13.52 | -7.57 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Alger Mid Cap Focus Fund new provided a 0.00% dividend yield over the last twelve months, with an annual payout of $0.00 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
| Dividend | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.06 | $0.26 |
Dividend yield | 0.00% | 0.00% | 0.00% | 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 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $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 | $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 | $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 | $2.06 |
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 48.75%, occurring on Oct 26, 2023. Recovery took 488 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2023 bear market2023 | -48.75%Oct 2023 | 1y 11mo | 1y 11mo | 3y 11moNov 2021 - Oct 2025 |
COVID crash2020 | -28.08%Mar 2020 | 25d | 1mo 21d | 2mo 16dFeb 2020 - May 2020 |
2021 bear market2021 | -23.14%May 2021 | 2mo 26d | 5mo 19d | 8mo 15dFeb 2021 - Oct 2021 |
2026 correction2026 | -16.46%Mar 2026 | 2mo 15d | 1mo 29d | 4mo 14dJan 2026 - May 2026 |
2025 correction2025 | -10.97%Nov 2025 | 1mo 4d | 2mo 1d | 3mo 5dOct 2025 - Jan 2026 |
Drawdown Indicators
| AFOIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.75% | -56.78% | +8.03% |
Max Drawdown (1Y)Largest decline over 1 year | -16.46% | -9.10% | -7.36% |
Max Drawdown (3Y)Largest decline over 3 years | -29.72% | -18.90% | -10.82% |
Max Drawdown (5Y)Largest decline over 5 years | -48.75% | -25.43% | -23.32% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.74% | +0.74% |
Average DrawdownAverage peak-to-trough decline | -20.12% | -10.72% | -9.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.31% | 1.97% | +3.34% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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