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Alger Weatherbie Specialized Growth Fund (ALMAX)

Mutual Fund · Currency in USD · Last updated Mar 24, 2023

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.

Share Price Chart

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The chart shows the growth of $10,000 invested in Alger Weatherbie Specialized Growth Fund in Oct 2022 and compares it to the S&P 500 index or another benchmark. It would be worth nearly $76,056 for a total return of roughly 660.56%. All prices are adjusted for splits and dividends.

ALMAX (Alger Weatherbie Specialized Growth Fund)
Benchmark (^GSPC)

S&P 500

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Alger Weatherbie Specialized Growth Fund had a return of -0.91% year-to-date (YTD) and -27.50% in the last 12 months. Over the past 10 years, Alger Weatherbie Specialized Growth Fund had an annualized return of 9.24%, which was very close to the S&P 500 benchmark's annualized return of 9.65%.

1 month-10.17%-3.20%
6 months-3.81%4.19%
1 year-27.50%-12.48%
5 years (annualized)5.91%8.83%
10 years (annualized)9.24%9.65%

Monthly Returns Heatmap


Sharpe Ratio Chart

The Sharpe ratio shows whether the portfolio's excess returns are due to smart investment decisions or a result of taking a higher risk. The higher a portfolio's Sharpe ratio, the better its risk-adjusted performance.

The current Alger Weatherbie Specialized Growth Fund Sharpe ratio is -0.86. A negative Sharpe ratio means that the risk-free rate is higher than the portfolio's return. This value does not convey any meaningful information.

The chart below displays rolling 12-month Sharpe Ratio.

ALMAX (Alger Weatherbie Specialized Growth Fund)
Benchmark (^GSPC)

Dividend History

Alger Weatherbie Specialized Growth Fund granted a 0.00% dividend yield in the last twelve months. The annual payout for that period amounted to $0.00 per share.


Dividend yield


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.


Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.

ALMAX (Alger Weatherbie Specialized Growth Fund)
Benchmark (^GSPC)

Worst Drawdowns

The table below shows the maximum drawdowns of the Alger Weatherbie Specialized Growth 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 Weatherbie Specialized Growth Fund is 59.89%, recorded on Nov 20, 2008. It took 613 trading sessions for the portfolio to recover.



To Bottom


To Recover



-59.89%Nov 7, 2007263Nov 20, 2008613Apr 29, 2011876
-49.05%Nov 2, 2021157Jun 16, 2022
-40.97%Feb 20, 202020Mar 18, 202066Jun 22, 202086
-31.46%Sep 17, 201869Dec 24, 201884Apr 26, 2019153
-29.55%May 2, 2011108Oct 3, 2011324Jan 17, 2013432
-27.98%Jun 24, 2015158Feb 8, 2016264Feb 27, 2017422
-18.58%Apr 6, 200489Aug 12, 200473Nov 24, 2004162
-18.23%Feb 16, 202162May 13, 202178Sep 2, 2021140
-15.62%May 9, 200667Aug 11, 200671Nov 21, 2006138
-15.01%Nov 22, 200274Mar 12, 200342May 12, 2003116

Volatility Chart

Current Alger Weatherbie Specialized Growth Fund volatility is 25.15%. 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.

ALMAX (Alger Weatherbie Specialized Growth Fund)
Benchmark (^GSPC)