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.
Share Price Chart
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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.
Compare to other instruments
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.
| Period | Return | Benchmark |
|---|---|---|
| 1 month | -6.28% | -3.13% |
| Year-To-Date | 2.14% | 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
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 8.98% | -2.62% | ||||||||||
| 2022 | -9.90% | 8.40% | 0.46% | -7.51% |
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 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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.
| 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 | $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.
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, 2000 | 647 | Oct 9, 2002 | 2701 | Jul 5, 2013 | 3348 |
| -56.83% | Nov 29, 2013 | 553 | Feb 11, 2016 | 1010 | Feb 19, 2020 | 1563 |
| -51.04% | Feb 16, 2021 | 472 | Dec 28, 2022 | — | — | — |
| -35.55% | Jul 2, 1998 | 69 | Oct 8, 1998 | 64 | Jan 11, 1999 | 133 |
| -31.57% | Feb 20, 2020 | 18 | Mar 16, 2020 | 38 | May 8, 2020 | 56 |
| -20.37% | Jan 23, 1997 | 65 | Apr 25, 1997 | 103 | Sep 22, 1997 | 168 |
| -17.51% | Oct 14, 1997 | 62 | Jan 12, 1998 | 43 | Mar 16, 1998 | 105 |
| -11.77% | Jul 19, 1999 | 17 | Aug 10, 1999 | 61 | Nov 4, 1999 | 78 |
| -10.17% | May 13, 1999 | 32 | Jun 28, 1999 | 1 | Jun 29, 1999 | 33 |
| -9.43% | Oct 14, 2020 | 14 | Nov 2, 2020 | 15 | Nov 23, 2020 | 29 |
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.