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
| ISIN | US0155657325 |
|---|---|
| CUSIP | 015565732 |
| Issuer | Alger |
| Inception Date | May 8, 2002 |
| Category | Small Cap Growth Equities |
| Min. Investment | $1,000 |
| Asset Class | Equity |
Asset Class Size | Small-Cap |
Asset Class Style | Growth |
Expense Ratio
The Alger Weatherbie Specialized Growth Fund has a high expense ratio of 1.20%, indicating higher-than-average management fees.
Share Price Chart
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Popular comparisons: ALMAX vs. ALTFX, ALMAX vs. SPY, ALMAX vs. FXAIX
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 had a return of -1.31% year-to-date (YTD) and 8.38% in the last 12 months. Over the past 10 years, Alger Weatherbie Specialized Growth Fund had an annualized return of 8.68%, while the S&P 500 had an annualized return of 10.55%, indicating that Alger Weatherbie Specialized Growth Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -1.31% | 6.33% |
| 1 month | -2.27% | -2.81% |
| 6 months | 20.30% | 21.13% |
| 1 year | 8.38% | 24.56% |
| 5 years (annualized) | 3.13% | 11.55% |
| 10 years (annualized) | 8.68% | 10.55% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -2.63% | 4.89% | 1.61% | |||||||||
| 2023 | -7.53% | -7.41% | 7.81% | 11.73% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
Alger Weatherbie Specialized Growth Fund(ALMAX)
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
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.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.00 | $0.00 | $0.00 | $4.34 | $0.97 | $0.56 | $1.03 | $0.00 | $1.23 | $5.96 |
Dividend yield | 0.00% | 0.00% | 0.00% | 24.48% | 4.64% | 4.00% | 9.86% | 0.00% | 12.44% | 55.85% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | $0.00 |
| 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 |
| 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 |
| 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 |
| 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 |
| 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 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 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 |
| 2015 | $5.96 |
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 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 40.32%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -59.89% | Nov 7, 2007 | 263 | Nov 20, 2008 | 613 | Apr 29, 2011 | 876 |
| -50.89% | Nov 2, 2021 | 500 | 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 |
| -29.55% | May 2, 2011 | 108 | Oct 3, 2011 | 324 | Jan 17, 2013 | 432 |
Volatility
Volatility Chart
The current Alger Weatherbie Specialized Growth Fund volatility is 6.59%, 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.