Alger Small Cap Growth Fund (ALSCX)
The investment seeks long-term capital appreciation. The fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of companies that, at the time of purchase of the securities, have total market capitalization between (1) the higher of (a) $5 billion or (b) the company in either the Russell 2000 Growth Index or the MSCI USA Small Cap Index with the highest capitalization, and (2) the company in either index with the lowest capitalization, at any time during the most recent 12-month period as reported by either index.
Share Price Chart
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Performance
The chart shows the growth of $10,000 invested in Alger Small Cap Growth Fund in Oct 2022 and compares it to the S&P 500 index or another benchmark. It would be worth nearly $135,695 for a total return of roughly 1,256.95%. All prices are adjusted for splits and dividends.
Compare to other instruments
Return
Alger Small Cap Growth Fund had a return of 1.62% year-to-date (YTD) and -21.59% in the last 12 months. Over the past 10 years, Alger Small Cap Growth Fund had an annualized return of 7.04%, while the S&P 500 had an annualized return of 9.71%, indicating that Alger Small Cap Growth Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| 1 month | -7.25% | -5.31% |
| Year-To-Date | 1.62% | 2.01% |
| 6 months | -7.40% | 0.39% |
| 1 year | -21.59% | -10.12% |
| 5 years (annualized) | 3.96% | 7.32% |
| 10 years (annualized) | 7.04% | 9.71% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 9.93% | -3.61% | ||||||||||
| 2022 | -10.05% | 8.79% | 0.84% | -7.51% |
Dividend History
Alger Small Cap Growth 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 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|
| Dividend | $0.00 | $0.00 | $2.68 | $0.07 | $0.54 | $0.94 |
Dividend yield | 0.00% | 0.00% | 30.22% | 0.78% | 9.63% | 21.58% |
Monthly Dividends
The table displays the monthly dividend distributions for Alger Small Cap Growth 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | $2.68 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.07 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.54 |
| 2018 | $0.94 |
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below shows the maximum drawdowns of the Alger Small Cap Growth 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 Small Cap Growth Fund is 83.59%, recorded on Oct 9, 2002. It took 3941 trading sessions for the portfolio to recover.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -83.59% | Sep 5, 1995 | 1821 | Oct 9, 2002 | 3941 | Jun 13, 2018 | 5762 |
| -76.26% | Feb 18, 1992 | 101 | Jul 7, 1992 | 304 | Sep 6, 1993 | 405 |
| -75.62% | Jul 5, 1990 | 74 | Oct 16, 1990 | 89 | Feb 18, 1991 | 163 |
| -71.87% | Feb 22, 1994 | 89 | Jun 24, 1994 | 171 | Feb 20, 1995 | 260 |
| -69.98% | Jan 2, 1990 | 21 | Jan 30, 1990 | 53 | Apr 13, 1990 | 74 |
| -69.03% | Apr 1, 1991 | 63 | Jun 26, 1991 | 48 | Sep 2, 1991 | 111 |
| -68.42% | Sep 5, 1989 | 45 | Nov 6, 1989 | 40 | Jan 1, 1990 | 85 |
| -68.22% | Apr 17, 1995 | 3 | Apr 19, 1995 | 28 | May 29, 1995 | 31 |
| -67.95% | Sep 7, 1993 | 2 | Sep 8, 1993 | 77 | Dec 24, 1993 | 79 |
| -67.95% | Sep 3, 1991 | 6 | Sep 10, 1991 | 57 | Nov 28, 1991 | 63 |
Volatility Chart
Current Alger Small Cap Growth Fund volatility is 28.15%. 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.