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
Expense Ratio
AFOIX has a high expense ratio of 0.95%, indicating higher-than-average management fees.
Share Price Chart
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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.
Returns By Period
Alger Mid Cap Focus Fund new had a return of 44.93% year-to-date (YTD) and 53.09% in the last 12 months.
AFOIX
44.93%
9.26%
28.99%
53.09%
14.07%
N/A
^GSPC (Benchmark)
27.68%
1.58%
13.90%
32.27%
14.27%
11.62%
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | 2.81% | 10.80% | 3.05% | -4.98% | 2.85% | -1.10% | -1.83% | 1.99% | 4.43% | 1.75% | 15.33% | 44.93% | |
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 74, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
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.
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.
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 18.45%.
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 5.02%, 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.