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 above-average management fees.
Share Price Chart
Loading data...
Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
Performance Chart
Loading data...
Returns By Period
Alger MidCap Growth Institutional Fund (ALMRX) returned 2.10% year-to-date (YTD) and 13.14% over the past 12 months. Over the past 10 years, ALMRX returned 9.23% annually, underperforming the S&P 500 benchmark at 10.85%.
ALMRX
2.10%
9.30%
-4.65%
13.14%
11.24%
9.22%
9.23%
^GSPC (Benchmark)
0.51%
6.15%
-2.00%
12.92%
12.68%
14.19%
10.85%
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 5.93% | -6.38% | -9.01% | 3.51% | 9.30% | 2.10% | |||||||
| 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% | -1.49% | 6.17% |
| 2020 | 3.17% | -4.85% | -13.80% | 15.65% | 11.56% | 4.03% | 9.81% | 6.69% | 3.13% | -1.58% | 14.45% | 6.25% | 64.25% |
| 2019 | 12.51% | 5.84% | 0.97% | 3.38% | -3.97% | 7.11% | 3.30% | -1.81% | -5.10% | 0.52% | 4.03% | 0.85% | 29.79% |
| 2018 | 5.15% | -3.53% | 0.10% | -0.47% | 6.11% | 1.24% | 0.31% | 8.64% | 0.14% | -13.06% | -1.22% | -9.35% | -7.77% |
| 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% | -2.28% | 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 34, 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.
Loading data...
Dividends
Dividend History
Alger MidCap Growth Institutional Fund provided a 0.00% dividend yield over the last twelve months, with an annual payout of $0.00 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $0.00 | $0.00 | $0.00 | $0.00 | $19.85 | $5.33 | $2.57 | $1.98 |
Dividend yield | 0.00% | 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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||
| 2024 | $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 |
| 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. Drawdowns are calculated considering price movements and all distributions paid, if any.
Loading data...
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 1234 trading sessions.
The current Alger MidCap Growth Institutional Fund drawdown is 13.93%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -68.74% | Dec 27, 2007 | 228 | Nov 20, 2008 | 1234 | Oct 18, 2013 | 1462 |
| -48.95% | Sep 5, 2000 | 521 | Oct 7, 2002 | 737 | Sep 12, 2005 | 1258 |
| -45.04% | Nov 10, 2021 | 234 | Oct 14, 2022 | — | — | — |
| -39% | Jun 25, 1997 | 2 | Jun 26, 1997 | 457 | Mar 29, 1999 | 459 |
| -33.97% | Feb 20, 2020 | 20 | Mar 18, 2020 | 53 | Jun 3, 2020 | 73 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading data...