Alger Health Sciences Fund (AHSAX)
The fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of companies of any market capitalization that are engaged in the health sciences sector. It can invest in foreign securities.
Fund Info
| ISIN | US0155657655 |
|---|---|
| CUSIP | 015565765 |
| Issuer | Alger |
| Inception Date | Apr 30, 2002 |
| Category | Health & Biotech Equities |
| Min. Investment | $1,000 |
| Asset Class | Equity |
Asset Class Size | Mid-Cap |
Asset Class Style | Growth |
Expense Ratio
AHSAX has a high expense ratio of 1.05%, 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 Health Sciences Fund, 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 Health Sciences Fund had a return of 4.79% year-to-date (YTD) and 2.88% in the last 12 months. Over the past 10 years, Alger Health Sciences Fund had an annualized return of 6.87%, while the S&P 500 had an annualized return of 10.64%, indicating that Alger Health Sciences Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 4.79% | 7.50% |
| 1 month | -1.83% | -1.61% |
| 6 months | 15.70% | 17.65% |
| 1 year | 2.88% | 26.26% |
| 5 years (annualized) | 4.42% | 11.73% |
| 10 years (annualized) | 6.87% | 10.64% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 1.71% | 5.57% | 1.78% | -5.68% | ||||||||
| 2023 | -4.41% | 4.45% | 7.51% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of AHSAX is 10, indicating that it is in the bottom 10% of the market in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Alger Health Sciences Fund(AHSAX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Alger Health Sciences Fund (AHSAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Alger Health Sciences Fund 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 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.00 | $0.00 | $0.00 | $7.00 | $3.75 | $1.91 | $1.88 | $0.00 | $0.00 | $0.00 | $0.16 |
Dividend yield | 0.00% | 0.00% | 0.00% | 27.18% | 11.68% | 6.98% | 7.82% | 0.00% | 0.00% | 0.00% | 0.72% |
Monthly Dividends
The table displays the monthly dividend distributions for Alger Health Sciences Fund. 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 | $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 | $7.00 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.75 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.91 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.88 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2014 | $0.16 |
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 Health Sciences Fund. 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 Health Sciences Fund was 42.55%, occurring on Oct 27, 2023. The portfolio has not yet recovered.
The current Alger Health Sciences Fund drawdown is 31.61%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -42.55% | Dec 16, 2021 | 469 | Oct 27, 2023 | — | — | — |
| -38.59% | Jan 11, 2008 | 219 | Nov 20, 2008 | 557 | Feb 8, 2011 | 776 |
| -36.09% | Dec 10, 2014 | 292 | Feb 8, 2016 | 342 | Jun 19, 2017 | 634 |
| -26.35% | Feb 20, 2020 | 23 | Mar 23, 2020 | 34 | May 11, 2020 | 57 |
| -24.72% | Oct 1, 2018 | 59 | Dec 24, 2018 | 252 | Dec 24, 2019 | 311 |
Volatility
Volatility Chart
The current Alger Health Sciences Fund volatility is 4.13%, 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.