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Alger Capital Appreciation Institutional Fund (ALARX)

Mutual Fund · Currency in USD · Last updated Jan 28, 2023

The investment seeks long-term capital appreciation. The fund normally invests at least 85% of its net assets, plus any borrowings for investment purposes, in equity securities of companies of any market capitalization that the adviser believes demonstrate promising growth potential.

Fund Info

ISINUS0155704010
CUSIP015570401
IssuerAlger
Inception DateNov 8, 1993
CategoryLarge Cap Growth Equities
Expense Ratio1.12%
Minimum Investment$0
Asset ClassEquity

Asset Class Size

Large-Cap

Asset Class Style

Growth

Trading Data

Previous Close$27.47
Year Range$24.60 - $36.52
EMA (50)$26.15
EMA (200)$28.28

ALARXShare Price Chart


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ALARXPerformance

The chart shows the growth of $10,000 invested in Alger Capital Appreciation Institutional Fund in Jan 2010 and compares it to the S&P 500 index or another benchmark. It would be worth nearly $42,740 for a total return of roughly 327.40%. All prices are adjusted for splits and dividends.


-15.00%-10.00%-5.00%0.00%5.00%SeptemberOctoberNovemberDecember2023
-6.31%
-1.17%
ALARX (Alger Capital Appreciation Institutional Fund)
Benchmark (^GSPC)

ALARXCompare to other instruments

Search for stocks, ETFs, and funds to compare with ALARX

ALARXReturns in periods

Returns over 1 year are annualized

PeriodReturnBenchmark
YTD9.49%6.02%
1M10.19%6.30%
6M-4.75%-0.05%
1Y-17.71%-6.42%
5Y6.88%7.22%
10Y12.06%10.51%

ALARXMonthly Returns Heatmap


JanFebMarAprMayJunJulAugSepOctNovDec
2022-11.14%-3.17%1.64%-14.57%-3.44%-8.71%12.34%-4.26%-9.87%3.84%3.33%-7.85%
2021-1.05%1.94%0.21%6.42%-1.25%5.63%2.28%3.30%-5.78%7.50%-0.80%-0.63%
20203.36%-6.03%-8.68%14.60%6.76%4.70%7.78%9.94%-4.13%-3.10%9.85%3.00%
20199.04%3.62%2.26%5.02%-6.36%7.10%1.18%-1.45%-0.86%2.84%4.54%2.94%
20188.48%-2.22%-3.05%1.44%4.52%0.65%2.22%4.45%0.66%-9.75%1.88%-8.55%
20175.41%3.63%1.59%2.70%3.09%-0.87%3.28%2.42%-0.21%4.59%1.74%0.22%
2016-7.10%-1.99%6.39%-1.09%2.72%-1.73%5.15%-0.56%1.34%-2.58%0.08%0.53%
2015-1.49%6.58%0.11%-0.85%3.40%-1.07%2.52%-7.06%-3.34%8.12%1.16%-0.95%
2014-2.14%5.54%-2.33%-1.01%3.43%3.13%-0.74%4.59%-1.43%1.28%3.31%-0.36%
20135.07%0.55%3.35%0.41%2.99%-2.34%5.73%-0.96%4.66%4.68%3.23%3.44%
20126.84%5.98%3.04%-0.78%-6.87%3.10%1.32%3.24%2.35%-2.68%1.18%0.86%
20113.19%3.14%0.59%3.79%-2.00%-1.69%-0.41%-6.84%-9.33%11.96%-1.58%-0.14%
2010-7.08%3.75%5.95%0.11%-7.76%-6.31%6.31%-4.74%10.66%4.39%1.35%5.99%

ALARXSharpe 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 Capital Appreciation Institutional Fund Sharpe ratio is -0.53. 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.


-1.20-1.00-0.80-0.60-0.40-0.20SeptemberOctoberNovemberDecember2023
-0.53
-0.27
ALARX (Alger Capital Appreciation Institutional Fund)
Benchmark (^GSPC)

ALARXDividend History

Alger Capital Appreciation Institutional Fund granted a 3.56% dividend yield in the last twelve months. The annual payout for that period amounted to $0.98 per share.


PeriodTTM202220212020201920182017201620152014201320122011
Dividend$0.98$0.98$8.00$6.94$3.57$3.55$2.19$0.19$2.04$3.30$3.41$1.01$0.76

Dividend yield

3.56%3.90%20.12%20.67%15.03%19.91%12.18%1.42%14.96%25.74%30.24%12.11%10.74%

ALARXMonthly Dividends

The table displays the monthly dividend distributions for Alger Capital Appreciation Institutional Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDec
2022$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.98
2021$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$8.00
2020$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$6.94
2019$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$3.57
2018$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$3.55
2017$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$2.19
2016$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.19
2015$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$2.04
2014$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$3.30
2013$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$3.41
2012$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$1.01
2011$0.76

ALARXDrawdowns Chart

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


-50.00%-40.00%-30.00%-20.00%-10.00%0.00%FebruaryMarchAprilMayJuneJulyAugustSeptemberOctoberNovemberDecember2023
-40.66%
-15.14%
ALARX (Alger Capital Appreciation Institutional Fund)
Benchmark (^GSPC)

ALARXWorst Drawdowns

The table below shows the maximum drawdowns of the Alger Capital Appreciation Institutional Fund. 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 Capital Appreciation Institutional Fund is 46.86%, recorded on Dec 28, 2022. The portfolio has not recovered from it yet.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-46.86%Dec 16, 2021260Dec 28, 2022
-29.59%Feb 20, 202023Mar 23, 202052Jun 5, 202075
-22.19%Oct 2, 201858Dec 24, 201881Apr 23, 2019139
-21.43%May 2, 2011108Oct 3, 201198Feb 23, 2012206
-17.71%Jul 21, 2015143Feb 11, 2016239Jan 24, 2017382
-17.55%Apr 16, 201055Jul 2, 201087Nov 4, 2010142
-10.91%Apr 4, 201241Jun 1, 201266Sep 6, 2012107
-10.15%Sep 3, 202014Sep 23, 202046Nov 27, 202060
-9.87%Jan 29, 20189Feb 8, 201820Mar 9, 201829
-9.85%Sep 19, 201419Oct 15, 201424Nov 18, 201443

ALARXVolatility Chart

Current Alger Capital Appreciation Institutional Fund volatility is 20.29%. 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.


10.00%20.00%30.00%40.00%50.00%SeptemberOctoberNovemberDecember2023
20.29%
16.76%
ALARX (Alger Capital Appreciation Institutional Fund)
Benchmark (^GSPC)