Alger Weatherbie Specialized Growth Fund (ALMAX)
Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of smallcap and midcap companies. Equity securities include common or preferred stocks that are listed on U.S. or foreign exchanges. Smallcap or midcap companies are companies that, at the time of purchase, have total market capitalization within the range of companies included in the Russell 2500 Growth Index or the Russell Midcap Growth Index, respectively, as reported by the indexes as of the most recent quarter-end.
Fund Info
US0155657325
015565732
May 8, 2002
$1,000
Small-Cap
Growth
Expense Ratio
ALMAX has a high expense ratio of 1.20%, 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 Weatherbie Specialized Growth Fund (ALMAX) returned -8.07% year-to-date (YTD) and 2.41% over the past 12 months. Over the past 10 years, ALMAX returned 7.64% annually, underperforming the S&P 500 benchmark at 10.84%.
ALMAX
-8.07%
9.16%
-13.85%
2.41%
2.38%
1.74%
7.64%
^GSPC (Benchmark)
0.52%
6.32%
-1.44%
12.25%
12.45%
14.20%
10.84%
Monthly Returns
The table below presents the monthly returns of ALMAX, 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 | 4.11% | -11.57% | -7.75% | -0.93% | 9.25% | -8.07% | |||||||
| 2024 | -2.63% | 4.89% | 1.61% | -5.69% | 5.20% | 0.56% | 4.36% | 2.05% | -0.67% | -3.00% | 14.36% | -6.35% | 13.78% |
| 2023 | 10.86% | -2.72% | -4.40% | -0.88% | -0.54% | 7.54% | 2.42% | -3.67% | -7.53% | -7.41% | 7.81% | 11.73% | 11.22% |
| 2022 | -15.64% | -1.74% | 1.63% | -15.88% | -7.09% | -6.60% | 10.74% | -4.06% | -8.04% | 8.74% | 3.28% | -8.28% | -38.11% |
| 2021 | 2.48% | 2.33% | -3.64% | 5.80% | -2.01% | 3.82% | -0.09% | 5.22% | -2.17% | 6.35% | -11.10% | 0.05% | 5.83% |
| 2020 | 6.13% | -5.17% | -19.06% | 19.61% | 12.52% | 4.88% | 5.33% | 3.59% | -1.54% | 0.81% | 15.01% | 9.51% | 56.85% |
| 2019 | 16.22% | 9.93% | 2.09% | 2.27% | -3.00% | 4.42% | 4.45% | -3.72% | -6.81% | 0.23% | 10.07% | -0.37% | 39.17% |
| 2018 | 4.25% | -2.64% | 1.31% | -0.16% | 9.25% | 2.82% | -1.08% | 12.20% | -0.85% | -14.12% | -0.99% | -11.13% | -4.10% |
| 2017 | 5.38% | 2.41% | -0.56% | 2.08% | 5.93% | 3.41% | 3.47% | -0.49% | 4.03% | 1.66% | 1.40% | 4.28% | 38.15% |
| 2016 | -10.31% | -0.31% | 5.87% | 1.29% | 3.13% | -0.28% | 5.23% | 0.63% | 1.80% | -6.17% | 6.30% | -2.46% | 3.40% |
| 2015 | -2.00% | 7.40% | 1.29% | -2.54% | 3.69% | 0.44% | 0.76% | -8.16% | -5.88% | 4.57% | 1.73% | -1.57% | -1.34% |
| 2014 | -0.59% | 5.85% | -2.94% | -4.70% | 1.86% | 4.41% | -4.22% | 4.79% | -5.08% | 4.49% | 0.52% | 0.99% | 4.60% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of ALMAX is 13, meaning it’s performing worse than 87% of other mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Alger Weatherbie Specialized Growth Fund (ALMAX) 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 Weatherbie Specialized Growth Fund provided a 0.00% dividend yield over the last twelve months, with an annual payout of $0.00 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.00 | $0.00 | $0.00 | $0.00 | $4.34 | $0.97 | $0.56 | $1.03 | $1.54 | $1.23 | $5.96 | $2.57 |
Dividend yield | 0.00% | 0.00% | 0.00% | 0.00% | 24.48% | 4.64% | 4.00% | 9.86% | 12.79% | 12.45% | 55.85% | 15.14% |
Monthly Dividends
The table displays the monthly dividend distributions for Alger Weatherbie Specialized Growth 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 | $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 | $4.34 | $4.34 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.97 | $0.97 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.56 | $0.56 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.03 | $1.03 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.54 | $1.54 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.23 | $1.23 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $5.96 | $5.96 |
| 2014 | $2.57 | $2.57 |
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 Weatherbie Specialized Growth 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 Weatherbie Specialized Growth Fund was 59.89%, occurring on Nov 20, 2008. Recovery took 613 trading sessions.
The current Alger Weatherbie Specialized Growth Fund drawdown is 40.61%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -59.89% | Nov 7, 2007 | 262 | Nov 20, 2008 | 613 | Apr 29, 2011 | 875 |
| -53.89% | Dec 16, 2021 | 469 | Oct 27, 2023 | — | — | — |
| -40.97% | Feb 20, 2020 | 20 | Mar 18, 2020 | 66 | Jun 22, 2020 | 86 |
| -31.46% | Sep 17, 2018 | 69 | Dec 24, 2018 | 84 | Apr 26, 2019 | 153 |
| -29.54% | May 2, 2011 | 108 | Oct 3, 2011 | 323 | Jan 17, 2013 | 431 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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