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Alger MidCap Growth Institutional Fund (ALMRX)

Mutual Fund · Currency in USD · Last updated Apr 1, 2023

The investment seeks long-term capital appreciation. The fund invests at least 80% of its net assets in equity securities of companies that, at the time of purchase of the securities, have total market capitalization within the range of companies included in the Russell Midcap Growth Index or the S&P MidCap 400 Index, as reported by the indexes as of the most recent quarter-end. Both indexes are designed to track the performance of medium-capitalization stocks.

Share Price Chart


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Performance

The chart shows the growth of $10,000 invested in Alger MidCap Growth Institutional Fund in Oct 2022 and compares it to the S&P 500 index or another benchmark. It would be worth nearly $116,529 for a total return of roughly 1,065.29%. All prices are adjusted for splits and dividends.


400.00%500.00%600.00%700.00%800.00%900.00%1,000.00%1,100.00%NovemberDecember2023FebruaryMarch
1,065.29%
480.13%
ALMRX (Alger MidCap Growth Institutional Fund)
Benchmark (^GSPC)

S&P 500

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Return

Alger MidCap Growth Institutional Fund had a return of 9.28% year-to-date (YTD) and -18.13% in the last 12 months. Over the past 10 years, Alger MidCap Growth Institutional Fund had an annualized return of 9.99%, which was very close to the S&P 500 benchmark's annualized return of 10.05%.


PeriodReturnBenchmark
1 month2.85%3.51%
Year-To-Date9.28%7.03%
6 months9.41%12.88%
1 year-18.13%-10.71%
5 years (annualized)7.77%9.25%
10 years (annualized)9.99%10.05%

Monthly Returns Heatmap


JanFebMarAprMayJunJulAugSepOctNovDec
20237.58%-1.24%
2022-9.42%4.83%2.57%-6.20%

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 MidCap Growth Institutional Fund Sharpe ratio is -0.61. 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.


-1.00-0.80-0.60-0.40-0.20NovemberDecember2023FebruaryMarch
-0.61
-0.46
ALMRX (Alger MidCap Growth Institutional Fund)
Benchmark (^GSPC)

Dividend History

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


PeriodTTM20222021202020192018201720162015201420132012
Dividend$0.00$0.00$19.85$5.33$2.57$1.98$0.00$0.00$0.00$0.00$0.00$0.04

Dividend yield

0.00%0.00%77.91%22.22%17.55%17.62%0.00%0.00%0.00%0.00%0.00%0.60%

Monthly Dividends

The table displays the monthly dividend distributions for Alger MidCap Growth Institutional Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDec
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$19.85
2020$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$5.33
2019$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$2.57
2018$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$1.98
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$0.00
2015$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
2014$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
2013$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
2012$0.04

Drawdowns Chart

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


-60.00%-50.00%-40.00%-30.00%-20.00%-10.00%NovemberDecember2023FebruaryMarch
-59.04%
-14.33%
ALMRX (Alger MidCap Growth Institutional Fund)
Benchmark (^GSPC)

Worst Drawdowns

The table below shows the maximum drawdowns of the Alger MidCap Growth Institutional 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 MidCap Growth Institutional Fund is 68.74%, recorded on Nov 20, 2008. It took 1235 trading sessions for the portfolio to recover.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-68.74%Dec 27, 2007229Nov 20, 20081235Oct 18, 20131464
-64.01%Dec 16, 2021209Oct 14, 2022
-48.95%Sep 5, 2000523Oct 7, 2002738Sep 12, 20051261
-33.97%Feb 20, 202020Mar 18, 202053Jun 3, 202073
-31.51%Jul 21, 199857Oct 8, 199855Dec 28, 1998112
-28.13%Jun 23, 2015162Feb 11, 2016301Apr 25, 2017463
-27.99%Sep 5, 201877Dec 24, 2018131Jul 3, 2019208
-21.64%Mar 27, 200015Apr 14, 200062Jul 14, 200077
-20.3%Feb 16, 202162May 13, 202192Sep 23, 2021154
-19.12%Apr 20, 200638Jun 13, 2006159Jan 31, 2007197

Volatility Chart

Current Alger MidCap Growth Institutional Fund volatility is 17.12%. 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.


15.00%20.00%25.00%30.00%35.00%40.00%NovemberDecember2023FebruaryMarch
17.12%
15.42%
ALMRX (Alger MidCap Growth Institutional Fund)
Benchmark (^GSPC)