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.
Fund Info
| ISIN | US0155703020 |
|---|---|
| CUSIP | 015570302 |
| 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
The Alger Focus Equity Fund has a high expense ratio of 0.89%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Alger Focus Equity 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 Focus Equity Fund had a return of 10.40% year-to-date (YTD) and 37.86% in the last 12 months. Over the past 10 years, Alger Focus Equity Fund had an annualized return of 14.92%, outperforming the S&P 500 benchmark which had an annualized return of 10.42%.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 10.40% | 5.05% |
| 1 month | -6.30% | -4.27% |
| 6 months | 27.59% | 18.82% |
| 1 year | 37.86% | 21.22% |
| 5 years (annualized) | 14.81% | 11.38% |
| 10 years (annualized) | 14.92% | 10.42% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 5.24% | 8.32% | 2.27% | |||||||||
| 2023 | -6.07% | -1.38% | 12.21% | 4.00% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
Alger Focus Equity Fund(ALGRX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Alger Focus Equity Fund (ALGRX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Alger Focus Equity Fund granted a 0.09% dividend yield in the last twelve months. The annual payout for that period amounted to $0.05 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $0.05 | $0.05 | $0.02 | $7.96 | $3.39 | $0.83 | $1.62 | $1.23 |
Dividend yield | 0.09% | 0.10% | 0.06% | 13.98% | 6.25% | 2.08% | 5.38% | 3.91% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $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 | $0.05 |
| 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
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Alger Focus Equity 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 Focus Equity Fund was 62.22%, occurring on Nov 20, 2008. Recovery took 1252 trading sessions.
The current Alger Focus Equity Fund drawdown is 8.15%.
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 |
Volatility
Volatility Chart
The current Alger Focus Equity Fund volatility is 5.85%, 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.