Alger Capital Appreciation Institutional Fund (ALARX)

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Alger Capital Appreciation Institutional Fund (ALARX) is up 17.1% since the beginning of the year. ALARX is currently trading at $63 per share. Investors who bought $1,000 worth of ALARX shares 5 years ago would now be looking at an investment worth $2,267.

Alger Capital Appreciation Institutional Fund (ALARX) has returned 17.11% so far this year and 44.34% over the past 12 months. Looking at the last ten years, ALARX has achieved an annualized return of 20.01%, outperforming the S&P 500 Index benchmark, which averaged 13.88% per year.

Based on dividend-adjusted daily data since Jan 3, 1994, ALARX's average daily return is +0.06%, while the average monthly return is +1.17%. At this rate, an investment would double in approximately 5.0 years.

Historically, 62% of months were positive and 38% were negative. The best month was Feb 2000 with a return of +17.0%, while the worst month was Jul 1996 at -33.9%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 6 months.

On a daily basis, ALARX closed higher 54% of trading days. The best single day was Dec 15, 2021 with a return of +20.0%, while the worst single day was Jul 3, 1996 at -27.2%.

Alger Capital Appreciation Institutional Fund has an annualized alpha of 3.40%, beta of 1.11, and R2 of 0.70 versus S&P 500 Index. Calculated based on daily prices since January 03, 1994.

• This fund captured 130.52% of S&P 500 Index gains and 113.43% of its losses - amplifying both gains and losses, but participating more in upside than downside.
• This fund generated an annualized alpha of 3.40% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
• With beta of 1.11 and R2 of 0.70, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.

ALARX has a high expense ratio of 1.12%, indicating above-average management fees.

ALARX ranks 42 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.

Alger Capital Appreciation Institutional Fund provided a 5.96% dividend yield over the last twelve months, with an annual payout of $3.78 per share.

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.

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.

The table below displays the maximum drawdowns of the Alger Capital Appreciation Institutional 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 Capital Appreciation Institutional Fund was 68.32%, occurring on Feb 13, 2003. Recovery took 2509 trading sessions.

The current Alger Capital Appreciation Institutional Fund drawdown is 0.14%.

The chart below shows the rolling one-month volatility.