- ISIN
- US0155707997
- CUSIP
- 015570799
- Issuer
- Alger
- Inception Date
- Nov 8, 1993
- Category
- Large Cap Growth Equities
- Min. Investment
- $1,000
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
ALAFX Performance Chart
Alger Focus Equity A Fund (ALAFX) is up 18.2% since the beginning of the year. ALAFX is currently trading at $121 per share. Investors who bought $1,000 worth of ALAFX shares 5 years ago would now be looking at an investment worth $2,519.
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Returns By Period
Alger Focus Equity A Fund (ALAFX) has returned 18.18% so far this year and 49.66% over the past 12 months. Looking at the last ten years, ALAFX has achieved an annualized return of 22.10%, outperforming the S&P 500 Index benchmark, which averaged 13.88% per year.
Alger Focus Equity A Fund
- 1D
- 2.30%
- 1M
- 5.27%
- YTD
- 18.18%
- 6M
- 16.66%
- 1Y
- 49.66%
- 3Y*
- 40.88%
- 5Y*
- 20.29%
- 10Y*
- 22.10%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
ALAFX Monthly Returns History
Based on dividend-adjusted daily data since Jan 2, 2013, ALAFX's average daily return is +0.08%, while the average monthly return is +1.64%. At this rate, an investment would double in approximately 3.6 years.
Historically, 63% of months were positive and 37% were negative. The best month was Apr 2026 with a return of +16.5%, while the worst month was Apr 2022 at -13.9%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 5 months.
On a daily basis, ALAFX closed higher 55% of trading days. The best single day was Dec 15, 2021 with a return of +14.5%, while the worst single day was Dec 16, 2021 at -13.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -1.47% | -3.63% | -4.58% | 16.49% | 10.48% | 1.34% | 18.18% | ||||||
| 2025 | 3.48% | -5.22% | -9.60% | 3.44% | 15.91% | 9.90% | 6.15% | 2.27% | 10.81% | 2.85% | -2.88% | -0.51% | 39.65% |
| 2024 | 5.24% | 8.34% | 2.26% | -3.92% | 8.31% | 6.25% | -3.23% | 3.39% | 5.37% | 1.40% | 10.63% | -0.48% | 51.72% |
| 2023 | 8.99% | -0.86% | 6.14% | 1.54% | 5.65% | 6.40% | 3.42% | -1.51% | -6.05% | -1.37% | 12.20% | 3.99% | 44.15% |
| 2022 | -10.51% | -3.10% | 1.10% | -13.85% | -2.93% | -8.69% | 12.32% | -4.21% | -9.98% | 3.77% | 3.13% | -7.70% | -35.95% |
| 2021 | -1.08% | 2.92% | 0.33% | 7.02% | -0.73% | 5.01% | 1.43% | 3.10% | -5.52% | 7.23% | -0.72% | 0.12% | 20.00% |
Benchmark Metrics
Alger Focus Equity A Fund has an annualized alpha of 4.58%, beta of 1.16, and R2 of 0.80 versus S&P 500 Index. Calculated based on daily prices since January 02, 2013.
- This fund captured 124.93% of S&P 500 Index gains but only 97.13% of its losses - a favorable profile for investors.
- This fund generated an annualized alpha of 4.58% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Alpha
- 4.58%
- Beta
- 1.16
- R²
- 0.80
- Upside Capture
- 124.93%
- Downside Capture
- 97.13%
Expense Ratio
ALAFX has a high expense ratio of 0.95%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
ALAFX ranks 53 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Alger Focus Equity A Fund (ALAFX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ALAFX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.37 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.77 | 2.78 | -0.02 |
| Martin ratioReturn relative to average drawdown | 9.20 | 12.44 | -3.23 |
Dividends
Dividend History
Alger Focus Equity A Fund provided a 6.69% dividend yield over the last twelve months, with an annual payout of $8.09 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $8.09 | $8.09 | $0.00 | $0.05 | $0.02 | $7.96 | $3.39 | $0.78 | $1.62 |
Dividend yield | 6.69% | 7.91% | 0.00% | 0.10% | 0.06% | 14.09% | 6.28% | 1.98% | 5.41% |
Monthly Dividends
The table displays the monthly dividend distributions for Alger Focus Equity A 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 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $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 | $8.09 | $8.09 |
| 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 | $0.05 | $0.05 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 | $0.02 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $7.96 | $7.96 |
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 Focus Equity A 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 Focus Equity A Fund was 43.65%, occurring on Jan 5, 2023. Recovery took 341 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2023 bear market2023 | -43.65%Jan 2023 | 1y 20d | 1y 4mo | 2y 5moDec 2021 - May 2024 |
COVID crash2020 | -29.39%Mar 2020 | 1mo 2d | 2mo 10d | 3mo 12dFeb 2020 - Jun 2020 |
2025 selloff2025 | -26.96%Apr 2025 | 1mo 19d | 1mo 27d | 3mo 16dFeb 2025 - Jun 2025 |
Rate-hike selloffLate 2018 | -22.26%Dec 2018 | 2mo 27d | 4mo | 6mo 27dSep 2018 - Apr 2019 |
2016 correction2016 | -19.10%Feb 2016 | 6mo 22d | 11mo 21d | 1y 6moJul 2015 - Jan 2017 |
Drawdown Indicators
| ALAFX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.65% | -56.78% | +13.13% |
Max Drawdown (1Y)Largest decline over 1 year | -17.58% | -9.10% | -8.48% |
Max Drawdown (3Y)Largest decline over 3 years | -26.96% | -18.90% | -8.06% |
Max Drawdown (5Y)Largest decline over 5 years | -43.65% | -25.43% | -18.22% |
Max Drawdown (10Y)Largest decline over 10 years | -43.65% | -33.92% | -9.73% |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -7.67% | -10.71% | +3.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.27% | 2.03% | +3.24% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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