Alger MidCap Growth Institutional Fund (ALMRX)
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.
Fund Info
US0155702030
015570203
Nov 8, 1993
$0
Mid-Cap
Growth
Expense Ratio
ALMRX has a high expense ratio of 1.44%, indicating higher-than-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 MidCap Growth Institutional 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 MidCap Growth Institutional Fund had a return of 2.02% year-to-date (YTD) and 23.97% in the last 12 months. Over the past 10 years, Alger MidCap Growth Institutional Fund had an annualized return of 1.19%, while the S&P 500 had an annualized return of 11.44%, indicating that Alger MidCap Growth Institutional Fund did not perform as well as the benchmark.
ALMRX
2.02%
-4.18%
12.49%
23.97%
-4.79%
1.19%
^GSPC (Benchmark)
1.16%
-2.04%
6.47%
24.84%
12.36%
11.44%
Monthly Returns
The table below presents the monthly returns of ALMRX, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 1.09% | 8.51% | 1.98% | -5.39% | 1.40% | 0.51% | 0.82% | 1.18% | 3.64% | 0.74% | 11.88% | -6.62% | 20.02% |
| 2023 | 7.58% | -1.24% | 2.85% | 0.11% | 0.44% | 8.06% | 1.89% | -3.06% | -5.27% | -6.60% | 10.70% | 6.81% | 22.68% |
| 2022 | -15.27% | 1.11% | -0.60% | -14.79% | -2.60% | -8.66% | 12.52% | -2.49% | -9.42% | 4.83% | 2.57% | -6.20% | -35.28% |
| 2021 | 3.02% | 3.44% | -3.80% | 4.24% | -3.81% | 5.94% | -0.40% | 4.91% | -3.11% | 5.33% | -7.19% | -45.95% | -41.75% |
| 2020 | 3.17% | -4.85% | -13.80% | 15.65% | 11.56% | 4.03% | 9.81% | 6.69% | 3.13% | -1.58% | 14.45% | -5.59% | 45.95% |
| 2019 | 12.51% | 5.84% | 0.97% | 3.38% | -3.98% | 7.11% | 3.30% | -1.81% | -5.10% | 0.52% | 4.03% | -7.18% | 19.45% |
| 2018 | 5.15% | -3.53% | 0.10% | -0.47% | 6.11% | 1.24% | 0.31% | 8.64% | 0.14% | -13.06% | -1.22% | -15.92% | -14.46% |
| 2017 | 5.96% | 3.33% | 1.01% | 1.52% | 3.19% | 0.15% | 1.90% | 1.72% | 1.73% | 3.43% | 2.27% | 0.10% | 29.55% |
| 2016 | -10.08% | -0.50% | 6.66% | -0.66% | 2.13% | -0.60% | 4.33% | -0.18% | 1.12% | -4.55% | 2.92% | 1.89% | 1.43% |
| 2015 | -2.08% | 7.76% | 1.88% | -2.18% | 3.45% | -0.49% | 0.37% | -7.65% | -5.90% | 5.47% | 0.75% | -1.72% | -1.37% |
| 2014 | -1.79% | 6.64% | -2.63% | -2.27% | 2.86% | 4.43% | -2.26% | 5.13% | -3.30% | 0.77% | 1.49% | 0.53% | 9.38% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of ALMRX is 72, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Alger MidCap Growth Institutional Fund (ALMRX) 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 MidCap Growth Institutional 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 MidCap Growth Institutional Fund was 73.80%, occurring on Nov 20, 2008. Recovery took 1565 trading sessions.
The current Alger MidCap Growth Institutional Fund drawdown is 52.81%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -73.8% | Nov 1, 2007 | 266 | Nov 20, 2008 | 1565 | Feb 12, 2015 | 1831 |
| -69.84% | Nov 10, 2021 | 234 | Oct 14, 2022 | — | — | — |
| -58.01% | Jun 20, 1997 | 340 | Oct 8, 1998 | 346 | Feb 7, 2000 | 686 |
| -49.63% | Sep 5, 2000 | 521 | Oct 7, 2002 | 1143 | Apr 26, 2007 | 1664 |
| -37.13% | Sep 5, 2018 | 386 | Mar 18, 2020 | 75 | Jul 6, 2020 | 461 |
Volatility
Volatility Chart
The current Alger MidCap Growth Institutional Fund volatility is 6.92%, 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.