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Alger SmallCap Growth Institutional Fund (ALSRX)

Mutual Fund · Currency in USD · Last updated Dec 9, 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.

Summary

Fund Info

ISINUS0155701040
CUSIP015570104
IssuerAlger
Inception DateNov 8, 1993
CategorySmall Cap Growth Equities
Minimum Investment$0
Asset ClassEquity

Asset Class Size

Small-Cap

Asset Class Style

Growth

Expense Ratio

The Alger SmallCap Growth Institutional Fund has a high expense ratio of 1.24%, indicating higher-than-average management fees.


1.24%
0.00%2.15%

Share Price Chart


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Performance

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.


100.00%200.00%300.00%400.00%500.00%600.00%JulyAugustSeptemberOctoberNovemberDecember
152.81%
556.84%
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

Alger SmallCap Growth Institutional Fund

Return

Alger SmallCap Growth Institutional Fund had a return of 6.63% year-to-date (YTD) and 2.26% in the last 12 months. Over the past 10 years, Alger SmallCap Growth Institutional Fund had an annualized return of -0.34%, while the S&P 500 had an annualized return of 9.85%, indicating that Alger SmallCap Growth Institutional Fund did not perform as well as the benchmark.


PeriodReturnBenchmark
Year-To-Date6.63%19.92%
1 month8.48%5.06%
6 months-0.20%7.11%
1 year2.26%16.17%
5 years (annualized)4.42%11.84%
10 years (annualized)-0.34%9.85%

Monthly Returns Heatmap


JanFebMarAprMayJunJulAugSepOctNovDec
2023-1.16%5.66%3.92%-3.58%-6.45%-6.96%9.21%

Risk-Adjusted Performance

This table presents a comparison of risk-adjusted performance metrics for Alger SmallCap Growth Institutional Fund (ALSRX) and S&P 500 (^GSPC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.


Sharpe ratioSortino ratioOmega ratioCalmar ratioUlcer Index
ALSRX
Alger SmallCap Growth Institutional Fund
0.18
^GSPC
S&P 500
1.25

Sharpe Ratio

The current Alger SmallCap Growth Institutional Fund Sharpe ratio is 0.18. A Sharpe ratio between 0 and 1.0 is considered sub-optimal.


Rolling 12-month Sharpe Ratio-0.500.000.501.00JulyAugustSeptemberOctoberNovemberDecember
0.18
1.25
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%5.23%20.07%11.31%0.00%0.00%0.00%22.38%0.00%12.47%

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$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$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%0.00%JulyAugustSeptemberOctoberNovemberDecember
-46.50%
-4.01%
ALSRX (Alger SmallCap Growth Institutional Fund)
Benchmark (^GSPC)

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 73.40%, occurring on Oct 9, 2002. Recovery took 2701 trading sessions.


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
-53.01%Feb 16, 2021681Oct 27, 2023
-35.55%Jul 2, 199869Oct 8, 199864Jan 11, 1999133
-31.57%Feb 20, 202018Mar 16, 202038May 8, 202056

Volatility Chart

The current Alger SmallCap Growth Institutional Fund volatility is 5.37%, 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.


2.00%3.00%4.00%5.00%6.00%7.00%8.00%JulyAugustSeptemberOctoberNovemberDecember
5.37%
2.77%
ALSRX (Alger SmallCap Growth Institutional Fund)
Benchmark (^GSPC)