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.
Share Price Chart
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Performance
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.
Compare to other instruments
Return
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%.
| Period | Return | Benchmark |
|---|---|---|
| 1 month | -10.17% | -3.20% |
| Year-To-Date | -0.91% | 2.84% |
| 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
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 10.86% | -2.72% | ||||||||||
| 2022 | -8.04% | 8.74% | 3.28% | -8.28% |
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 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.00 | $0.00 | $4.34 | $0.97 | $0.56 | $1.03 | $0.00 | $1.23 | $5.96 |
Dividend yield | 0.00% | 0.00% | 24.48% | 5.81% | 5.25% | 13.47% | 0.00% | 21.18% | 106.48% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | $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 Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
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.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -59.89% | Nov 7, 2007 | 263 | Nov 20, 2008 | 613 | Apr 29, 2011 | 876 |
| -49.05% | Nov 2, 2021 | 157 | Jun 16, 2022 | — | — | — |
| -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 |
| -27.98% | Jun 24, 2015 | 158 | Feb 8, 2016 | 264 | Feb 27, 2017 | 422 |
| -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 |
| -15.62% | May 9, 2006 | 67 | Aug 11, 2006 | 71 | Nov 21, 2006 | 138 |
| -15.01% | Nov 22, 2002 | 74 | Mar 12, 2003 | 42 | May 12, 2003 | 116 |
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.