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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.
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Returns By Period
Alger Mid Cap Focus Fund new (AFOIX) has returned -11.39% so far this year and 17.51% over the past 12 months.
Alger Mid Cap Focus Fund new
- 1D
- -2.32%
- 1M
- -10.96%
- YTD
- -11.39%
- 6M
- -14.33%
- 1Y
- 17.51%
- 3Y*
- 14.28%
- 5Y*
- 0.61%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 2.91%
- 1M
- -5.09%
- YTD
- -4.63%
- 6M
- -2.39%
- 1Y
- 16.33%
- 3Y*
- 16.69%
- 5Y*
- 10.18%
- 10Y*
- 12.16%
Monthly Returns
Based on dividend-adjusted daily data since Jun 17, 2019, AFOIX's average daily return is +0.06%, while the average monthly return is +1.08%. At this rate, your investment would double in approximately 5.4 years.
Historically, 57% of months were positive and 43% 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% | -10.96% | -11.39% | |||||||||
| 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 0.33%, beta of 1.04, and R² of 0.62 versus S&P 500 Index. Calculated based on daily prices since June 18, 2019.
- This fund participated in 97.66% of S&P 500 Index downside but only 94.88% of its upside — more exposed to losses than it benefited from rallies.
- 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
- 0.33%
- Beta
- 1.04
- R²
- 0.62
- Upside Capture
- 94.88%
- Downside Capture
- 97.66%
Expense Ratio
AFOIX has a high expense ratio of 0.95%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
AFOIX ranks 26 for risk / return — below 26% 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 a chosen benchmark (S&P 500 Index).
| AFOIX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.68 | 0.90 | -0.22 |
Sortino ratioReturn per unit of downside risk | 1.06 | 1.39 | -0.33 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.21 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 0.89 | 1.40 | -0.51 |
Martin ratioReturn relative to average drawdown | 2.87 | 6.61 | -3.74 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Explore AFOIX risk-adjusted metrics in detail
Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.
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 | |||||||||
| 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.
The current Alger Mid Cap Focus Fund new drawdown is 16.46%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -48.75% | Nov 9, 2021 | 494 | Oct 26, 2023 | 488 | Oct 8, 2025 | 982 |
| -28.08% | Feb 20, 2020 | 18 | Mar 16, 2020 | 35 | May 6, 2020 | 53 |
| -23.14% | Feb 16, 2021 | 62 | May 13, 2021 | 118 | Oct 29, 2021 | 180 |
| -16.46% | Jan 14, 2026 | 52 | Mar 30, 2026 | — | — | — |
| -10.97% | Oct 10, 2025 | 25 | Nov 13, 2025 | 40 | Jan 13, 2026 | 65 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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