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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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Alger Weatherbie Specialized Growth 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 Weatherbie Specialized Growth Fund (ALMAX) returned -11.39% year-to-date (YTD) and 0.08% over the past 12 months. Over the past 10 years, ALMAX returned -3.73% annually, underperforming the S&P 500 benchmark at 10.45%.
ALMAX
-11.39%
7.06%
-14.83%
0.08%
-3.62%
-3.73%
^GSPC (Benchmark)
-3.77%
3.72%
-5.60%
8.55%
14.11%
10.45%
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% | 5.31% | -11.39% | |||||||
| 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% | -20.15% | -15.55% |
| 2020 | 6.13% | -5.17% | -19.06% | 19.61% | 12.52% | 4.88% | 5.33% | 3.59% | -1.53% | 0.81% | 15.01% | 4.43% | 49.57% |
| 2019 | 16.22% | 9.93% | 2.09% | 2.27% | -3.00% | 4.42% | 4.45% | -3.72% | -6.81% | 0.23% | 10.08% | -4.23% | 33.78% |
| 2018 | 4.25% | -2.64% | 1.31% | -0.16% | 9.25% | 2.82% | -1.08% | 12.20% | -0.85% | -14.12% | -0.99% | -19.07% | -12.67% |
| 2017 | 5.38% | 2.41% | -0.56% | 2.08% | 5.93% | 3.41% | 3.47% | -0.49% | 4.03% | 1.66% | 1.40% | -8.05% | 21.83% |
| 2016 | -10.31% | -0.31% | 5.87% | 1.29% | 3.13% | -0.28% | 5.23% | 0.63% | 1.80% | -6.17% | 6.30% | -12.91% | -7.69% |
| 2015 | -2.00% | 7.40% | 1.29% | -2.54% | 3.69% | 0.44% | 0.76% | -8.16% | -5.89% | 4.57% | 1.73% | -37.27% | -37.12% |
| 2014 | -0.59% | 5.85% | -2.94% | -4.70% | 1.86% | 4.41% | -4.22% | 4.79% | -5.08% | 4.49% | 0.52% | -12.62% | -9.49% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of ALMAX is 20, meaning it’s performing worse than 80% 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.
Dividends
Dividend History
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.
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 60.81%, occurring on Oct 27, 2023. The portfolio has not yet recovered.
The current Alger Weatherbie Specialized Growth Fund drawdown is 51.35%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -60.81% | Nov 2, 2021 | 500 | Oct 27, 2023 | — | — | — |
| -60.51% | Nov 7, 2007 | 262 | Nov 20, 2008 | 1082 | Mar 14, 2013 | 1344 |
| -59.4% | Nov 29, 2013 | 551 | Feb 8, 2016 | 1228 | Dec 22, 2020 | 1779 |
| -18.58% | Apr 6, 2004 | 89 | Aug 12, 2004 | 73 | Nov 24, 2004 | 162 |
| -18.23% | Feb 16, 2021 | 62 | May 13, 2021 | 78 | Sep 2, 2021 | 140 |
Volatility
Volatility Chart
The current Alger Weatherbie Specialized Growth Fund volatility is 7.44%, 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.