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
| ISIN | US0155702030 |
|---|---|
| CUSIP | 015570203 |
| Issuer | Alger |
| Inception Date | Nov 8, 1993 |
| Category | Mid Cap Growth Equities |
| Min. Investment | $0 |
| Asset Class | Equity |
Asset Class Size | Mid-Cap |
Asset Class Style | Growth |
Expense Ratio
The Alger MidCap Growth Institutional Fund has a high expense ratio of 1.44%, indicating higher-than-average management fees.
Share Price Chart
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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.
Returns By Period
Alger MidCap Growth Institutional Fund had a return of 4.50% year-to-date (YTD) and 16.28% in the last 12 months. Over the past 10 years, Alger MidCap Growth Institutional Fund had an annualized return of 9.57%, while the S&P 500 had an annualized return of 10.42%, indicating that Alger MidCap Growth Institutional Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 4.50% | 5.05% |
| 1 month | -6.29% | -4.27% |
| 6 months | 20.52% | 18.82% |
| 1 year | 16.28% | 21.22% |
| 5 years (annualized) | 8.86% | 11.38% |
| 10 years (annualized) | 9.57% | 10.42% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 1.09% | 8.51% | 1.98% | |||||||||
| 2023 | -5.27% | -6.60% | 10.70% | 6.81% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
Alger MidCap Growth Institutional Fund(ALMRX)
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
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.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|
| 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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $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 |
| 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 | $1.98 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
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 51.94%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -68.74% | Dec 27, 2007 | 229 | Nov 20, 2008 | 1235 | Oct 18, 2013 | 1464 |
| -64.01% | Dec 16, 2021 | 209 | Oct 14, 2022 | — | — | — |
| -48.95% | Sep 5, 2000 | 523 | Oct 7, 2002 | 738 | Sep 12, 2005 | 1261 |
| -33.97% | Feb 20, 2020 | 20 | Mar 18, 2020 | 53 | Jun 3, 2020 | 73 |
| -31.51% | Jul 21, 1998 | 57 | Oct 8, 1998 | 55 | Dec 28, 1998 | 112 |
Volatility
Volatility Chart
The current Alger MidCap Growth Institutional Fund volatility is 5.01%, 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.