Alger Capital Appreciation Institutional Fund (ALARX)
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
| ISIN | US0155704010 |
|---|---|
| CUSIP | 015570401 |
| Issuer | Alger |
| Inception Date | Nov 8, 1993 |
| Category | Large Cap Growth Equities |
| Min. Investment | $0 |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Growth |
Expense Ratio
ALARX has a high expense ratio of 1.12%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Popular comparisons: ALARX vs. SEEGX, ALARX vs. HAGAX, ALARX vs. WSTCX, ALARX vs. MXMDX, ALARX vs. SHSAX, ALARX vs. FSTEX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Alger Capital Appreciation Institutional 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 Capital Appreciation Institutional Fund had a return of 47.37% year-to-date (YTD) and 45.79% in the last 12 months. Over the past 10 years, Alger Capital Appreciation Institutional Fund had an annualized return of 5.14%, while the S&P 500 had an annualized return of 11.39%, indicating that Alger Capital Appreciation Institutional Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 47.37% | 25.45% |
| 1 month | 7.27% | 2.91% |
| 6 months | 24.10% | 14.05% |
| 1 year | 45.79% | 35.64% |
| 5 years (annualized) | 6.20% | 14.13% |
| 10 years (annualized) | 5.14% | 11.39% |
Monthly Returns
The table below presents the monthly returns of ALARX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 5.10% | 8.42% | 2.46% | -4.34% | 8.14% | 6.65% | -3.49% | 3.16% | 4.62% | 1.13% | 47.37% | ||
| 2023 | 9.05% | -1.97% | 6.23% | 1.23% | 5.48% | 6.64% | 3.05% | -0.99% | -6.01% | -1.00% | 12.11% | -4.08% | 32.00% |
| 2022 | -11.14% | -3.17% | 1.64% | -14.57% | -3.44% | -8.71% | 12.34% | -4.26% | -9.87% | 3.84% | 3.33% | -11.12% | -39.12% |
| 2021 | -1.05% | 1.94% | 0.21% | 6.42% | -1.25% | 5.63% | 2.28% | 3.30% | -5.78% | 7.50% | -0.80% | -17.18% | -1.34% |
| 2020 | 3.36% | -6.03% | -8.68% | 14.60% | 6.76% | 4.70% | 7.78% | 9.94% | -4.13% | -3.10% | 9.85% | -11.90% | 21.04% |
| 2019 | 9.04% | 3.62% | 2.26% | 5.02% | -6.36% | 7.10% | 1.18% | -1.45% | -0.86% | 2.84% | 4.54% | -6.83% | 20.50% |
| 2018 | 8.48% | -2.22% | -3.05% | 1.44% | 4.52% | 0.65% | 2.22% | 4.45% | 0.66% | -9.75% | 1.88% | -18.54% | -11.66% |
| 2017 | 5.41% | 3.63% | 1.59% | 2.70% | 3.09% | -0.87% | 3.28% | 2.42% | -0.22% | 4.59% | 1.74% | -6.16% | 22.76% |
| 2016 | -7.10% | -1.99% | 6.39% | -1.09% | 2.72% | -1.73% | 5.15% | -0.56% | 1.34% | -2.58% | 0.08% | -0.19% | -0.26% |
| 2015 | -1.49% | 6.58% | 0.11% | -0.85% | 3.40% | -1.07% | 2.52% | -7.06% | -3.34% | 8.12% | 1.16% | -8.09% | -1.30% |
| 2014 | -2.14% | 5.54% | -2.33% | -1.01% | 3.43% | 3.13% | -0.74% | 4.59% | -1.43% | 1.28% | 3.31% | -11.48% | 0.94% |
| 2013 | 5.07% | 0.56% | 3.35% | 0.41% | 2.99% | -2.34% | 5.73% | -0.96% | 4.66% | 4.68% | 3.23% | -8.69% | 19.23% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of ALARX is 40, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Alger Capital Appreciation Institutional Fund (ALARX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Alger Capital Appreciation Institutional Fund provided a 0.00% dividend yield over the last twelve months, with an annual payout of $0.00 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 |
Dividend yield | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.03% |
Monthly 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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | |
| 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 | $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 | $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 | $0.00 | $0.00 |
| 2020 | $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 |
| 2019 | $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 |
| 2018 | $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 |
| 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 | $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 | $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 | $0.00 |
| 2014 | $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 |
| 2013 | $0.01 | $0.01 |
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.
Worst Drawdowns
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 69.38%, occurring on Feb 13, 2003. Recovery took 2629 trading sessions.
The current Alger Capital Appreciation Institutional Fund drawdown is 6.13%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -69.38% | Mar 28, 2000 | 720 | Feb 13, 2003 | 2629 | Aug 1, 2013 | 3349 |
| -52.69% | Nov 22, 2021 | 277 | Dec 28, 2022 | — | — | — |
| -30.69% | Oct 2, 2018 | 58 | Dec 24, 2018 | 364 | Jun 5, 2020 | 422 |
| -26.2% | Jul 6, 1998 | 1 | Jul 6, 1998 | 1 | Jul 7, 1998 | 2 |
| -24.95% | Jul 21, 1998 | 30 | Aug 31, 1998 | 60 | Nov 23, 1998 | 90 |
Volatility
Volatility Chart
The current Alger Capital Appreciation Institutional Fund volatility is 5.98%, 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.