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
US0155704010
015570401
Nov 8, 1993
$0
Large-Cap
Growth
Expense Ratio
ALARX has a high expense ratio of 1.12%, indicating above-average management fees.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Alger Capital Appreciation Institutional Fund (ALARX) returned 3.78% year-to-date (YTD) and 27.71% over the past 12 months. Over the past 10 years, ALARX delivered an annualized return of 14.90%, outperforming the S&P 500 benchmark at 10.85%.
ALARX
3.78%
15.26%
3.81%
27.71%
24.68%
16.63%
14.90%
^GSPC (Benchmark)
0.51%
6.15%
-2.00%
12.92%
12.68%
14.19%
10.85%
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 3.55% | -5.23% | -10.41% | 2.41% | 15.26% | 3.78% | |||||||
| 2024 | 5.10% | 8.42% | 2.46% | -4.34% | 8.14% | 6.65% | -3.49% | 3.16% | 4.61% | 1.13% | 10.13% | 0.03% | 49.44% |
| 2023 | 9.05% | -1.97% | 6.23% | 1.23% | 5.48% | 6.64% | 3.05% | -0.99% | -6.01% | -1.00% | 12.11% | 3.78% | 42.82% |
| 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% | -36.88% |
| 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% | 18.38% |
| 2020 | 3.36% | -6.03% | -8.68% | 14.60% | 6.76% | 4.70% | 7.78% | 9.94% | -4.13% | -3.10% | 9.85% | 3.00% | 41.50% |
| 2019 | 9.04% | 3.62% | 2.26% | 5.02% | -6.36% | 7.10% | 1.18% | -1.45% | -0.86% | 2.84% | 4.54% | 2.94% | 33.13% |
| 2018 | 8.48% | -2.22% | -3.05% | 1.44% | 4.52% | 0.65% | 2.22% | 4.45% | 0.66% | -9.75% | 1.88% | -8.55% | -0.82% |
| 2017 | 5.41% | 3.63% | 1.59% | 2.70% | 3.09% | -0.87% | 3.28% | 2.42% | -0.21% | 4.59% | 1.74% | 0.22% | 31.11% |
| 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% | 0.46% |
| 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% | 6.36% |
| 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% | 13.62% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of ALARX is 69, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
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.
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Dividends
Dividend History
Alger Capital Appreciation Institutional Fund provided a 12.58% dividend yield over the last twelve months, with an annual payout of $5.74 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $5.74 | $5.74 | $2.68 | $0.98 | $8.00 | $6.94 | $3.57 | $3.55 | $2.19 | $0.20 | $2.04 | $3.30 |
Dividend yield | 12.58% | 13.06% | 8.09% | 3.90% | 19.41% | 16.61% | 10.34% | 12.39% | 6.75% | 0.74% | 7.71% | 12.31% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $5.74 | $5.74 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.68 | $2.68 |
| 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 | $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 | $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 | $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 | $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 | $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 | $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 | $0.20 | $0.20 |
| 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 | $2.04 |
| 2014 | $3.30 | $3.30 |
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 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 69.26%, occurring on Feb 13, 2003. Recovery took 2551 trading sessions.
The current Alger Capital Appreciation Institutional Fund drawdown is 4.36%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -69.26% | Mar 28, 2000 | 720 | Feb 13, 2003 | 2551 | Apr 11, 2013 | 3271 |
| -46.86% | Dec 16, 2021 | 260 | Dec 28, 2022 | 367 | Jun 14, 2024 | 627 |
| -29.59% | Feb 20, 2020 | 23 | Mar 23, 2020 | 52 | Jun 5, 2020 | 75 |
| -27.77% | Feb 18, 2025 | 36 | Apr 8, 2025 | — | — | — |
| -26.2% | Jul 6, 1998 | 1 | Jul 6, 1998 | 1 | Jul 7, 1998 | 2 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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