Alger Mid Cap Growth Fund (AMCGX)
Under normal circumstances, the fund invests at least 80% of its net assets in equity securities of companies that, at the time of purchase of the securities, have total market capitalization within the range of companies included in the Russell Midcap Growth Index or the S&P MidCap 400 Index, as reported by the indexes as of the most recent quarter-end. Both indexes are designed to track the performance of medium-capitalization stocks.
Fund Info
| ISIN | US0155658075 |
|---|---|
| Issuer | Alger |
| Inception Date | May 24, 1993 |
| Category | Mid Cap Growth Equities |
| Min. Investment | $1,000 |
| Asset Class | Equity |
Asset Class Size | Mid-Cap |
Asset Class Style | Growth |
Expense Ratio
The Alger Mid Cap Growth Fund has a high expense ratio of 1.93%, indicating higher-than-average management fees.
Share Price Chart
Loading data...
Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Popular comparisons: AMCGX vs. VOO
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Alger Mid Cap Growth 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 Mid Cap Growth Fund had a return of 6.74% year-to-date (YTD) and 18.92% in the last 12 months. Over the past 10 years, Alger Mid Cap Growth Fund had an annualized return of 4.63%, while the S&P 500 had an annualized return of 10.50%, indicating that Alger Mid Cap Growth Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 6.74% | 5.90% |
| 1 month | -2.06% | -1.28% |
| 6 months | 17.12% | 15.51% |
| 1 year | 18.92% | 21.68% |
| 5 years (annualized) | 0.95% | 11.74% |
| 10 years (annualized) | 4.63% | 10.50% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 1.12% | 8.40% | 2.05% | |||||||||
| 2023 | -5.22% | -6.47% | 10.75% | 6.52% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
Alger Mid Cap Growth Fund(AMCGX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Alger Mid Cap Growth Fund (AMCGX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Alger Mid Cap Growth 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 | 2018 |
|---|---|---|---|---|---|---|---|
| Dividend | $0.00 | $0.00 | $0.00 | $6.60 | $2.15 | $1.20 | $0.71 |
Dividend yield | 0.00% | 0.00% | 0.00% | 65.63% | 13.72% | 10.98% | 7.59% |
Monthly Dividends
The table displays the monthly dividend distributions for Alger Mid Cap Growth 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $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 |
| 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 | $6.60 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.15 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.20 |
| 2018 | $0.71 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Alger Mid Cap Growth 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 Mid Cap Growth Fund was 74.93%, occurring on Nov 20, 2008. Recovery took 2176 trading sessions.
The current Alger Mid Cap Growth Fund drawdown is 51.51%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -74.93% | Nov 1, 2007 | 266 | Nov 20, 2008 | 2176 | Jul 19, 2017 | 2442 |
| -64.5% | Nov 10, 2021 | 234 | Oct 14, 2022 | — | — | — |
| -50.92% | Sep 5, 2000 | 523 | Oct 7, 2002 | 1151 | May 4, 2007 | 1674 |
| -33.91% | Feb 20, 2020 | 20 | Mar 18, 2020 | 53 | Jun 3, 2020 | 73 |
| -31.87% | Jul 21, 1998 | 57 | Oct 8, 1998 | 56 | Dec 29, 1998 | 113 |
Volatility
Volatility Chart
The current Alger Mid Cap Growth Fund volatility is 5.09%, 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.