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
ISIN | US0155651799 |
---|---|
CUSIP | 015565179 |
Issuer | Alger |
Inception Date | Jun 14, 2019 |
Category | Mid Cap Growth Equities |
Min. Investment | $0 |
Asset Class | Equity |
Asset Class Size | Mid-Cap |
Asset Class Style | Growth |
Expense Ratio
The Alger Mid Cap Focus Fund new has a high expense ratio of 0.95%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Alger Mid Cap Focus Fund new, 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 Mid Cap Focus Fund new had a return of 17.39% year-to-date (YTD) and 33.50% in the last 12 months.
Period | Return | Benchmark |
---|---|---|
Year-To-Date | 17.39% | 10.16% |
1 month | 5.59% | 3.47% |
6 months | 34.63% | 22.20% |
1 year | 33.50% | 30.45% |
5 years (annualized) | N/A | 13.16% |
10 years (annualized) | N/A | 10.89% |
Monthly Returns Heatmap
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | 2.81% | 10.80% | ||||||||||
2023 | -1.26% | -6.28% | -3.74% | 11.99% | 6.38% |
Risk-Adjusted Performance
Risk-Adjusted Performance Indicators
This table presents risk-adjusted performance metrics for Alger Mid Cap Focus Fund new (AFOIX) and compares them with a selected benchmark (^GSPC). These performance indicators assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index | |
---|---|---|---|---|---|
Alger Mid Cap Focus Fund new | 1.92 | ||||
S&P 500 | 2.79 |
Dividends
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 | 2023 | 2022 | 2021 | 2020 |
---|---|---|---|---|---|
Dividend | $0.00 | $0.00 | $0.00 | $2.06 | $0.26 |
Dividend yield | 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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | $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 |
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
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 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 33.94%.
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 current Alger Mid Cap Focus Fund new volatility is 5.45%, 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.