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.
Share Price Chart
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Performance
The chart shows the growth of $10,000 invested in Alger Mid Cap Growth Fund in Oct 2022 and compares it to the S&P 500 index or another benchmark. It would be worth nearly $60,342 for a total return of roughly 503.42%. All prices are adjusted for splits and dividends.
Compare to other instruments
Return
Alger Mid Cap Growth Fund had a return of 9.36% year-to-date (YTD) and -17.95% in the last 12 months. Over the past 10 years, Alger Mid Cap Growth Fund had an annualized return of 4.71%, while the S&P 500 had an annualized return of 10.05%, indicating that Alger Mid Cap Growth Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| 1 month | 2.89% | 3.51% |
| Year-To-Date | 9.36% | 7.03% |
| 6 months | 9.52% | 12.88% |
| 1 year | -17.95% | -10.71% |
| 5 years (annualized) | -0.90% | 9.25% |
| 10 years (annualized) | 4.71% | 10.05% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 7.82% | -1.42% | ||||||||||
| 2022 | -9.40% | 4.95% | 2.51% | -6.19% |
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 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|
| Dividend | $0.00 | $0.00 | $6.60 | $2.15 | $1.20 | $0.71 |
Dividend yield | 0.00% | 0.00% | 65.63% | 14.96% | 13.66% | 10.50% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | $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 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 Mid Cap Growth 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 Mid Cap Growth Fund is 74.93%, recorded on Nov 20, 2008. It took 2176 trading sessions for the portfolio to recover.
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 |
| -28.13% | Sep 5, 2018 | 77 | Dec 24, 2018 | 131 | Jul 3, 2019 | 208 |
| -21.81% | Mar 24, 2000 | 16 | Apr 14, 2000 | 91 | Aug 24, 2000 | 107 |
| -20.47% | Feb 16, 2021 | 62 | May 13, 2021 | 90 | Sep 21, 2021 | 152 |
| -18.78% | Mar 8, 1994 | 76 | Jun 24, 1994 | 141 | Jan 16, 1995 | 217 |
| -17.35% | May 23, 1996 | 36 | Jul 15, 1996 | 98 | Dec 2, 1996 | 134 |
Volatility Chart
Current Alger Mid Cap Growth Fund volatility is 17.23%. 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.