Alger SmallCap Growth Institutional Fund (ALSRX)
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.
Fund Info
| ISIN | US0155701040 |
|---|---|
| CUSIP | 015570104 |
| Issuer | Alger |
| Inception Date | Nov 8, 1993 |
| Category | Small Cap Growth Equities |
| Min. Investment | $0 |
| Asset Class | Equity |
Asset Class Size | Small-Cap |
Asset Class Style | Growth |
Expense Ratio
ALSRX has a high expense ratio of 1.24%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Alger SmallCap 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 SmallCap Growth Institutional Fund had a return of 9.19% year-to-date (YTD) and 27.46% in the last 12 months. Over the past 10 years, Alger SmallCap Growth Institutional Fund had an annualized return of -4.06%, while the S&P 500 had an annualized return of 11.71%, indicating that Alger SmallCap Growth Institutional Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 9.19% | 22.95% |
| 1 month | 2.99% | 4.39% |
| 6 months | 14.00% | 18.07% |
| 1 year | 27.46% | 37.09% |
| 5 years (annualized) | -3.93% | 14.48% |
| 10 years (annualized) | -4.06% | 11.71% |
Monthly Returns
The table below presents the monthly returns of ALSRX, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -2.73% | 9.44% | 0.82% | -8.85% | 2.66% | -0.74% | 2.86% | 1.69% | 3.10% | 9.19% | |||
| 2023 | 8.98% | -2.62% | -0.13% | -1.34% | -1.16% | 5.66% | 3.92% | -3.58% | -6.45% | -6.96% | 9.21% | 10.42% | 14.83% |
| 2022 | -12.96% | -1.06% | -1.94% | -13.36% | -5.60% | -8.17% | 10.42% | -2.71% | -9.90% | 8.40% | 0.46% | -7.51% | -38.17% |
| 2021 | 4.45% | 2.91% | -5.49% | 4.58% | -5.24% | 7.14% | -0.94% | 1.07% | -4.44% | 3.66% | -9.34% | -21.05% | -23.42% |
| 2020 | 3.38% | -4.44% | -9.25% | 18.08% | 12.22% | 5.24% | 7.69% | 3.10% | 0.61% | -2.57% | 12.81% | 1.93% | 56.44% |
| 2019 | 12.31% | 6.70% | -0.57% | 4.26% | -2.34% | 6.77% | 3.48% | -2.17% | -5.57% | -1.06% | 6.70% | -17.30% | 8.11% |
| 2018 | 4.84% | -3.25% | 1.90% | 1.48% | 7.53% | 2.10% | -0.51% | 13.31% | -0.99% | -13.48% | 0.49% | -22.53% | -13.43% |
| 2017 | 3.27% | 3.82% | 0.98% | 1.31% | 3.37% | 1.20% | 0.54% | 2.03% | 4.19% | 3.12% | 2.49% | -3.66% | 24.83% |
| 2016 | -12.01% | -1.73% | 5.34% | 1.01% | 3.23% | 0.83% | 5.24% | 1.83% | 2.12% | -6.61% | 8.43% | 0.93% | 7.13% |
| 2015 | -1.66% | 7.23% | 1.49% | -3.66% | 2.68% | 1.33% | 0.87% | -7.75% | -5.63% | 4.38% | 1.90% | -35.64% | -35.50% |
| 2014 | -1.14% | 5.12% | -3.74% | -6.90% | 2.05% | 5.55% | -6.60% | 5.00% | -5.67% | 5.16% | 0.36% | -16.82% | -18.55% |
| 2013 | 6.72% | 0.76% | 3.92% | -1.42% | 3.79% | 0.24% | 7.55% | -1.82% | 5.94% | 0.90% | 2.18% | -15.72% | 11.39% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of ALSRX is 8, indicating that it is in the bottom 8% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Alger SmallCap Growth Institutional Fund (ALSRX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
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.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|
| Dividend | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 |
Dividend yield | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.14% |
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $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 | $0.00 | $0.00 |
| 2020 | $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 |
| 2019 | $0.03 | $0.03 |
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the Alger SmallCap 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 SmallCap Growth Institutional Fund was 74.80%, occurring on Oct 9, 2002. The portfolio has not yet recovered.
The current Alger SmallCap Growth Institutional Fund drawdown is 53.68%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -74.8% | Mar 13, 2000 | 644 | Oct 9, 2002 | — | — | — |
| -35.55% | Jul 2, 1998 | 71 | Oct 8, 1998 | 67 | Jan 11, 1999 | 138 |
| -20.37% | Jan 23, 1997 | 67 | Apr 25, 1997 | 107 | Sep 23, 1997 | 174 |
| -17.51% | Oct 14, 1997 | 65 | Jan 12, 1998 | 45 | Mar 16, 1998 | 110 |
| -11.77% | Jul 19, 1999 | 17 | Aug 10, 1999 | 62 | Nov 4, 1999 | 79 |
Volatility
Volatility Chart
The current Alger SmallCap Growth Institutional Fund volatility is 4.16%, 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.