Alger Focus Equity Fund (ALGRX)
The investment seeks long-term capital appreciation. The advisor intends to invest a substantial portion of its assets in a small number of issuers, and may focus its portfolio in fewer business sectors or industries. Generally, the fund will own approximately 50 holdings. Fund holdings may occasionally exceed this number for a variety of reasons. The fund may engage in active trading of portfolio securities.
Share Price Chart
Loading data...
Performance
The chart shows the growth of $10,000 invested in Alger Focus Equity Fund in Oct 2022 and compares it to the S&P 500 index or another benchmark. It would be worth nearly $72,993 for a total return of roughly 629.93%. All prices are adjusted for splits and dividends.
Compare to other instruments
Return
Alger Focus Equity Fund had a return of 9.35% year-to-date (YTD) and -19.42% in the last 12 months. Over the past 10 years, Alger Focus Equity Fund had an annualized return of 13.17%, outperforming the S&P 500 benchmark which had an annualized return of 9.86%.
| Period | Return | Benchmark |
|---|---|---|
| 1 month | -0.60% | -3.13% |
| Year-To-Date | 9.35% | 2.92% |
| 6 months | -0.79% | 2.02% |
| 1 year | -19.42% | -11.46% |
| 5 years (annualized) | 8.87% | 7.79% |
| 10 years (annualized) | 13.17% | 9.86% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 9.00% | -0.86% | ||||||||||
| 2022 | -9.97% | 3.76% | 3.13% | -7.69% |
Dividend History
Alger Focus Equity Fund granted a 0.06% dividend yield in the last twelve months. The annual payout for that period amounted to $0.02 per share.
| Period | TTM | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|
| Dividend | $0.02 | $0.02 | $7.96 | $3.39 | $0.83 | $1.62 | $1.23 |
Dividend yield | 0.06% | 0.06% | 13.99% | 7.15% | 2.54% | 6.69% | 5.12% |
Monthly Dividends
The table displays the monthly dividend distributions for Alger Focus Equity 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | $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 | $0.02 |
| 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 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.39 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.83 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.62 |
| 2017 | $1.23 |
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below shows the maximum drawdowns of the Alger Focus Equity 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 Focus Equity Fund is 62.22%, recorded on Nov 20, 2008. It took 1252 trading sessions for the portfolio to recover.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -62.22% | Mar 27, 2000 | 2171 | Nov 20, 2008 | 1252 | Nov 13, 2013 | 3423 |
| -43.57% | Dec 16, 2021 | 265 | Jan 5, 2023 | — | — | — |
| -29.39% | Feb 20, 2020 | 23 | Mar 23, 2020 | 48 | Jun 1, 2020 | 71 |
| -26.37% | Jul 2, 1998 | 71 | Oct 8, 1998 | 52 | Dec 21, 1998 | 123 |
| -22.26% | Sep 28, 2018 | 60 | Dec 24, 2018 | 81 | Apr 23, 2019 | 141 |
| -19.03% | Jul 21, 2015 | 140 | Feb 8, 2016 | 242 | Jan 24, 2017 | 382 |
| -13.47% | Oct 10, 1997 | 12 | Oct 27, 1997 | 85 | Feb 23, 1998 | 97 |
| -13.31% | Apr 13, 1999 | 31 | May 25, 1999 | 31 | Jul 7, 1999 | 62 |
| -12.6% | Jul 19, 1999 | 66 | Oct 18, 1999 | 17 | Nov 10, 1999 | 83 |
| -11.84% | Jun 23, 1997 | 4 | Jun 26, 1997 | 62 | Sep 22, 1997 | 66 |
Volatility Chart
Current Alger Focus Equity Fund volatility is 27.56%. 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.