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Alger Mid Cap Focus Fund new (AFOIX)

Mutual Fund · Currency in USD · Last updated Apr 1, 2023

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.

Share Price Chart

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The chart shows the growth of $10,000 invested in Alger Mid Cap Focus Fund new in Oct 2022 and compares it to the S&P 500 index or another benchmark. It would be worth nearly $12,276 for a total return of roughly 22.76%. All prices are adjusted for splits and dividends.

AFOIX (Alger Mid Cap Focus Fund new)
Benchmark (^GSPC)

S&P 500

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Alger Mid Cap Focus Fund new


Alger Mid Cap Focus Fund new had a return of 4.66% year-to-date (YTD) and -26.56% in the last 12 months. Over the past 10 years, Alger Mid Cap Focus Fund new had an annualized return of 5.56%, while the S&P 500 had an annualized return of 9.74%, indicating that Alger Mid Cap Focus Fund new did not perform as well as the benchmark.

1 month0.83%3.51%
6 months4.30%12.88%
1 year-26.56%-10.71%
5 years (annualized)5.56%9.74%
10 years (annualized)5.56%9.74%

Monthly Returns Heatmap


Sharpe Ratio Chart

The Sharpe ratio shows whether the portfolio's excess returns are due to smart investment decisions or a result of taking a higher risk. The higher a portfolio's Sharpe ratio, the better its risk-adjusted performance.

The current Alger Mid Cap Focus Fund new Sharpe ratio is -0.84. A negative Sharpe ratio means that the risk-free rate is higher than the portfolio's return. This value does not convey any meaningful information.

The chart below displays rolling 12-month Sharpe Ratio.

AFOIX (Alger Mid Cap Focus Fund new)
Benchmark (^GSPC)

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.


Dividend yield


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.


Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.

AFOIX (Alger Mid Cap Focus Fund new)
Benchmark (^GSPC)

Worst Drawdowns

The table below shows the maximum drawdowns of the Alger Mid Cap Focus Fund new. A maximum drawdown is an indicator of risk. It shows a reduction in portfolio value from its maximum due to a series of losing trades.

The maximum drawdown since January 2010 for the Alger Mid Cap Focus Fund new is 53.81%, recorded on Oct 14, 2022. The portfolio has not recovered from it yet.



To Bottom


To Recover



-53.81%Nov 9, 2021235Oct 14, 2022
-28.08%Feb 20, 202018Mar 16, 202036May 6, 202054
-23.14%Feb 16, 202162May 13, 2021118Oct 29, 2021180
-10.71%Jul 29, 201947Oct 2, 201970Jan 13, 2020117
-9.63%Oct 14, 202013Oct 30, 20204Nov 5, 202017
-9.31%Sep 3, 20203Sep 8, 202017Oct 1, 202020
-7.95%Jan 25, 20213Jan 27, 20215Feb 3, 20218
-7.58%Nov 9, 20202Nov 10, 202011Nov 25, 202013
-6.65%Aug 6, 20204Aug 11, 202015Sep 1, 202019
-5.56%Jun 2, 20208Jun 11, 20203Jun 16, 202011

Volatility Chart

Current Alger Mid Cap Focus Fund new volatility is 22.10%. The chart below shows the rolling 10-day volatility. Volatility is a statistical measure showing how big price swings are in either direction. The higher asset volatility, the riskier it is, because the price movements are less predictable.

AFOIX (Alger Mid Cap Focus Fund new)
Benchmark (^GSPC)