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Alger MidCap Growth Institutional Fund (ALMRX)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Fund Info

ISINUS0155702030
CUSIP015570203
IssuerAlger
Inception DateNov 8, 1993
CategoryMid Cap Growth Equities
Min. Investment$0
Asset ClassEquity

Asset Class Size

Mid-Cap

Asset Class Style

Growth

Expense Ratio

ALMRX has a high expense ratio of 1.44%, indicating higher-than-average management fees.


Expense ratio chart for ALMRX: current value at 1.44% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%1.44%

Share Price Chart


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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Alger MidCap Growth Institutional Fund

Popular comparisons: ALMRX vs. FXAIX

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.


600.00%800.00%1,000.00%1,200.00%1,400.00%December2024FebruaryMarchAprilMay
1,352.41%
656.84%
ALMRX (Alger MidCap Growth Institutional Fund)
Benchmark (^GSPC)

S&P 500

Returns By Period

Alger MidCap Growth Institutional Fund had a return of 11.02% year-to-date (YTD) and 22.87% in the last 12 months. Over the past 10 years, Alger MidCap Growth Institutional Fund had an annualized return of 9.82%, while the S&P 500 had an annualized return of 10.70%, indicating that Alger MidCap Growth Institutional Fund did not perform as well as the benchmark.


PeriodReturnBenchmark
Year-To-Date11.02%11.21%
1 month3.36%4.01%
6 months19.02%16.58%
1 year22.87%26.14%
5 years (annualized)10.90%13.81%
10 years (annualized)9.82%10.70%

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.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20241.09%8.51%1.98%-5.39%11.02%
20237.58%-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%
20213.02%3.44%-3.80%4.24%-3.81%5.94%-0.40%4.91%-3.11%5.33%-7.19%-1.49%6.17%
20203.17%-4.85%-13.80%15.65%11.56%4.03%9.81%6.69%3.13%-1.58%14.45%6.25%64.25%
201912.51%5.85%0.97%3.38%-3.98%7.11%3.30%-1.81%-5.10%0.52%4.03%0.85%29.79%
20185.15%-3.53%0.10%-0.47%6.11%1.24%0.31%8.64%0.14%-13.06%-1.22%-9.35%-7.77%
20175.96%3.34%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%-7.64%-5.90%5.47%0.75%-1.72%-1.37%
2014-1.79%6.64%-2.63%-2.28%2.86%4.43%-2.26%5.13%-3.30%0.77%1.49%0.53%9.38%
20136.72%1.36%3.10%0.59%2.88%-1.54%6.49%-1.47%4.42%2.75%2.78%3.61%36.21%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of ALMRX is 43, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.


The Risk-Adjusted Performance Rank of ALMRX is 4343
ALMRX (Alger MidCap Growth Institutional Fund)
The Sharpe Ratio Rank of ALMRX is 5252Sharpe Ratio Rank
The Sortino Ratio Rank of ALMRX is 4747Sortino Ratio Rank
The Omega Ratio Rank of ALMRX is 4747Omega Ratio Rank
The Calmar Ratio Rank of ALMRX is 2222Calmar Ratio Rank
The Martin Ratio Rank of ALMRX is 4747Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

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.


ALMRX
Sharpe ratio
The chart of Sharpe ratio for ALMRX, currently valued at 1.62, compared to the broader market-1.000.001.002.003.004.001.62
Sortino ratio
The chart of Sortino ratio for ALMRX, currently valued at 2.24, compared to the broader market-2.000.002.004.006.008.0010.0012.002.24
Omega ratio
The chart of Omega ratio for ALMRX, currently valued at 1.28, compared to the broader market1.002.003.004.001.28
Calmar ratio
The chart of Calmar ratio for ALMRX, currently valued at 0.41, compared to the broader market0.005.0010.000.41
Martin ratio
The chart of Martin ratio for ALMRX, currently valued at 4.66, compared to the broader market0.0020.0040.0060.0080.004.66
^GSPC
Sharpe ratio
The chart of Sharpe ratio for ^GSPC, currently valued at 2.52, compared to the broader market-1.000.001.002.003.004.002.52
Sortino ratio
The chart of Sortino ratio for ^GSPC, currently valued at 3.56, compared to the broader market-2.000.002.004.006.008.0010.0012.003.56
Omega ratio
The chart of Omega ratio for ^GSPC, currently valued at 1.44, compared to the broader market1.002.003.004.001.44
Calmar ratio
The chart of Calmar ratio for ^GSPC, currently valued at 2.04, compared to the broader market0.005.0010.002.04
Martin ratio
The chart of Martin ratio for ^GSPC, currently valued at 9.59, compared to the broader market0.0020.0040.0060.0080.009.59

Sharpe Ratio

The current Alger MidCap Growth Institutional Fund Sharpe ratio is 1.62. This value is calculated based on the past 1 year of trading data and takes into account price changes and dividends.

Use the chart below to compare the Sharpe ratio of Alger MidCap Growth Institutional Fund with the selected benchmark, providing insights into the investment's historical performance in terms of risk-adjusted returns. Go to the Sharpe ratio tool for more fine-grained control over the calculation options.


Rolling 12-month Sharpe Ratio0.501.001.502.002.503.00December2024FebruaryMarchAprilMay
1.62
2.52
ALMRX (Alger MidCap Growth Institutional Fund)
Benchmark (^GSPC)

Dividends

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.


PeriodTTM202320222021202020192018
Dividend$0.00$0.00$0.00$19.85$5.33$2.57$1.98

Dividend yield

0.00%0.00%0.00%77.91%12.19%8.56%7.91%

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.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2024$0.00$0.00$0.00$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$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$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$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$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$2.57
2018$1.98$1.98

Drawdowns

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%0.00%December2024FebruaryMarchAprilMay
-48.94%
-0.31%
ALMRX (Alger MidCap Growth Institutional Fund)
Benchmark (^GSPC)

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 68.74%, occurring on Nov 20, 2008. Recovery took 1235 trading sessions.

The current Alger MidCap Growth Institutional Fund drawdown is 48.94%.


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

Volatility

Volatility Chart

The current Alger MidCap Growth Institutional Fund volatility is 3.83%, 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.


2.00%3.00%4.00%5.00%6.00%December2024FebruaryMarchAprilMay
3.83%
3.10%
ALMRX (Alger MidCap Growth Institutional Fund)
Benchmark (^GSPC)