- ISIN
- US0155707732
- CUSIP
- 015570773
- Issuer
- Alger
- Inception Date
- Nov 8, 1993
- Category
- Large Cap Growth Equities
- Min. Investment
- $500,000
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
ALZFX Performance Chart
Alger Focus Equity Fund Class Z (ALZFX) is up 16.0% since the beginning of the year. ALZFX is currently trading at $125 per share. Investors who bought $1,000 worth of ALZFX shares 5 years ago would now be looking at an investment worth $2,447.
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Returns By Period
Alger Focus Equity Fund Class Z (ALZFX) has returned 16.01% so far this year and 45.85% over the past 12 months. Looking at the last ten years, ALZFX has achieved an annualized return of 22.62%, outperforming the S&P 500 Index benchmark, which averaged 13.71% per year.
Alger Focus Equity Fund Class Z
- 1D
- -1.98%
- 1M
- 3.21%
- YTD
- 16.01%
- 6M
- 13.82%
- 1Y
- 45.85%
- 3Y*
- 40.65%
- 5Y*
- 19.60%
- 10Y*
- 22.62%
Benchmark (S&P 500 Index)
- 1D
- -1.44%
- 1M
- -1.45%
- YTD
- 7.60%
- 6M
- 6.59%
- 1Y
- 22.24%
- 3Y*
- 19.20%
- 5Y*
- 11.54%
- 10Y*
- 13.71%
ALZFX Monthly Returns History
Based on dividend-adjusted daily data since Jan 2, 2013, ALZFX's average daily return is +0.08%, while the average monthly return is +1.66%. At this rate, an investment would double in approximately 3.5 years.
Historically, 63% of months were positive and 37% were negative. The best month was Apr 2026 with a return of +16.5%, while the worst month was Apr 2022 at -13.8%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 5 months.
On a daily basis, ALZFX closed higher 55% of trading days. The best single day was Dec 15, 2021 with a return of +14.1%, while the worst single day was Mar 16, 2020 at -12.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -1.43% | -3.62% | -4.55% | 16.52% | 10.52% | -0.65% | 16.01% | ||||||
| 2025 | 3.49% | -5.19% | -9.58% | 3.47% | 15.93% | 9.92% | 6.18% | 2.29% | 10.83% | 2.88% | -2.85% | -0.49% | 40.08% |
| 2024 | 5.26% | 8.35% | 2.30% | -3.89% | 8.33% | 6.28% | -3.20% | 3.40% | 5.40% | 1.45% | 10.66% | -0.43% | 52.22% |
| 2023 | 9.04% | -0.86% | 6.19% | 1.56% | 5.67% | 6.45% | 3.44% | -1.47% | -6.03% | -1.36% | 12.23% | 4.02% | 44.63% |
| 2022 | -10.48% | -3.10% | 1.14% | -13.83% | -2.90% | -8.65% | 12.33% | -4.18% | -9.94% | 3.77% | 3.17% | -7.69% | -35.75% |
| 2021 | -1.05% | 2.94% | 0.37% | 7.05% | -0.71% | 5.05% | 1.46% | 3.12% | -5.52% | 7.28% | -0.70% | 0.13% | 20.37% |
Benchmark Metrics
Alger Focus Equity Fund Class Z has an annualized alpha of 4.81%, beta of 1.16, and R2 of 0.80 versus S&P 500 Index. Calculated based on daily prices since January 02, 2013.
- This fund captured 126.00% of S&P 500 Index gains but only 97.11% of its losses - a favorable profile for investors.
- This fund generated an annualized alpha of 4.81% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Alpha
- 4.81%
- Beta
- 1.16
- R²
- 0.80
- Upside Capture
- 126.00%
- Downside Capture
- 97.11%
Expense Ratio
ALZFX has an expense ratio of 0.63%, placing it in the medium range.
Return for Risk
Risk / Return Rank
ALZFX ranks 51 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Alger Focus Equity Fund Class Z (ALZFX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ALZFX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.30 | ||
| Sortino ratioReturn per unit of downside risk | +0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.32 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.72 | 2.46 | +0.26 |
| Martin ratioReturn relative to average drawdown | 9.06 | 10.92 | -1.86 |
Dividends
Dividend History
Alger Focus Equity Fund Class Z provided a 6.49% dividend yield over the last twelve months, with an annual payout of $8.09 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $8.09 | $8.09 | $0.00 | $0.07 | $0.04 | $7.96 | $3.41 | $0.89 | $1.70 |
Dividend yield | 6.49% | 7.53% | 0.00% | 0.12% | 0.10% | 13.63% | 6.16% | 2.21% | 5.55% |
Monthly Dividends
The table displays the monthly dividend distributions for Alger Focus Equity Fund Class Z. 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $8.09 | $8.09 |
| 2024 | $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 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.07 | $0.07 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 | $0.04 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $7.96 | $7.96 |
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Alger Focus Equity Fund Class Z. 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 Focus Equity Fund Class Z was 43.22%, occurring on Jan 5, 2023. Recovery took 340 trading sessions.
The current Alger Focus Equity Fund Class Z drawdown is 1.98%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2023 bear market2023 | -43.22%Jan 2023 | 1y 20d | 1y 4mo | 2y 5moDec 2021 - May 2024 |
COVID crash2020 | -29.38%Mar 2020 | 1mo 2d | 2mo 10d | 3mo 12dFeb 2020 - Jun 2020 |
2025 selloff2025 | -26.93%Apr 2025 | 1mo 19d | 1mo 26d | 3mo 15dFeb 2025 - Jun 2025 |
Rate-hike selloffLate 2018 | -22.21%Dec 2018 | 2mo 27d | 4mo | 6mo 27dSep 2018 - Apr 2019 |
2016 correction2016 | -18.90%Feb 2016 | 6mo 22d | 11mo 21d | 1y 6moJul 2015 - Jan 2017 |
Drawdown Indicators
| ALZFX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.22% | -56.78% | +13.56% |
Max Drawdown (1Y)Largest decline over 1 year | -17.45% | -9.10% | -8.35% |
Max Drawdown (3Y)Largest decline over 3 years | -26.93% | -18.90% | -8.03% |
Max Drawdown (5Y)Largest decline over 5 years | -43.22% | -25.43% | -17.79% |
Max Drawdown (10Y)Largest decline over 10 years | -43.22% | -33.92% | -9.30% |
Current DrawdownCurrent decline from peak | -1.98% | -3.21% | +1.23% |
Average DrawdownAverage peak-to-trough decline | -7.52% | -10.71% | +3.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.22% | 2.04% | +3.18% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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