PortfoliosLab logo

Alger SmallCap Growth Institutional Fund (ALSRX)

Mutual Fund · Currency in USD · Last updated Mar 21, 2023

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. Both indexes are broad-based indexes of small capitalization stocks.

Share Price Chart


Loading data...

Performance

The chart shows the growth of $10,000 invested in Alger SmallCap Growth Institutional Fund in Oct 2022 and compares it to the S&P 500 index or another benchmark. It would be worth nearly $24,217 for a total return of roughly 142.17%. All prices are adjusted for splits and dividends.


-5.00%0.00%5.00%10.00%NovemberDecember2023FebruaryMarch
0.21%
7.43%
ALSRX (Alger SmallCap Growth Institutional Fund)
Benchmark (^GSPC)

S&P 500

Compare to other instruments

Search for stocks, ETFs, and funds to compare with ALSRX

Return

Alger SmallCap Growth Institutional Fund had a return of 2.14% year-to-date (YTD) and -25.87% in the last 12 months. Over the past 10 years, Alger SmallCap Growth Institutional Fund had an annualized return of 0.72%, while the S&P 500 had an annualized return of 9.59%, indicating that Alger SmallCap Growth Institutional Fund did not perform as well as the benchmark.


PeriodReturnBenchmark
1 month-6.28%-3.13%
Year-To-Date2.14%2.92%
6 months-5.54%2.02%
1 year-25.87%-11.46%
5 years (annualized)3.10%7.79%
10 years (annualized)0.72%9.59%

Monthly Returns Heatmap


JanFebMarAprMayJunJulAugSepOctNovDec
20238.98%-2.62%
2022-9.90%8.40%0.46%-7.51%

Sharpe Ratio Chart

The Sharpe ratio shows whether the portfolio's excess returns are due to smart investment decisions or a result of taking a higher risk. The higher a portfolio's Sharpe ratio, the better its risk-adjusted performance.

The current Alger SmallCap Growth Institutional Fund Sharpe ratio is -0.74. A negative Sharpe ratio means that the risk-free rate is higher than the portfolio's return. This value does not convey any meaningful information.

The chart below displays rolling 12-month Sharpe Ratio.


-1.20-1.00-0.80-0.60-0.40-0.20NovemberDecember2023FebruaryMarch
-0.74
-0.45
ALSRX (Alger SmallCap Growth Institutional Fund)
Benchmark (^GSPC)

Dividend History

Alger SmallCap 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.


PeriodTTM20222021202020192018201720162015201420132012
Dividend$0.00$0.00$5.36$1.55$3.80$1.98$0.00$0.00$0.00$5.26$0.00$3.23

Dividend yield

0.00%0.00%23.64%6.53%26.40%17.89%0.00%0.00%0.00%39.25%0.00%26.90%

Monthly Dividends

The table displays the monthly dividend distributions for Alger SmallCap Growth Institutional Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDec
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$5.36
2020$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$1.55
2019$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$3.80
2018$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$1.98
2017$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
2016$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
2015$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
2014$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$5.26
2013$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
2012$3.23

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.


-50.00%-40.00%-30.00%-20.00%-10.00%NovemberDecember2023FebruaryMarch
-48.75%
-17.62%
ALSRX (Alger SmallCap Growth Institutional Fund)
Benchmark (^GSPC)

Worst Drawdowns

The table below shows the maximum drawdowns of the Alger SmallCap Growth Institutional 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 SmallCap Growth Institutional Fund is 73.40%, recorded on Oct 9, 2002. It took 2701 trading sessions for the portfolio to recover.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-73.4%Mar 13, 2000647Oct 9, 20022701Jul 5, 20133348
-56.83%Nov 29, 2013553Feb 11, 20161010Feb 19, 20201563
-51.04%Feb 16, 2021472Dec 28, 2022
-35.55%Jul 2, 199869Oct 8, 199864Jan 11, 1999133
-31.57%Feb 20, 202018Mar 16, 202038May 8, 202056
-20.37%Jan 23, 199765Apr 25, 1997103Sep 22, 1997168
-17.51%Oct 14, 199762Jan 12, 199843Mar 16, 1998105
-11.77%Jul 19, 199917Aug 10, 199961Nov 4, 199978
-10.17%May 13, 199932Jun 28, 19991Jun 29, 199933
-9.43%Oct 14, 202014Nov 2, 202015Nov 23, 202029

Volatility Chart

Current Alger SmallCap Growth Institutional Fund volatility is 27.53%. 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.


10.00%20.00%30.00%40.00%50.00%NovemberDecember2023FebruaryMarch
27.53%
20.82%
ALSRX (Alger SmallCap Growth Institutional Fund)
Benchmark (^GSPC)