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Alger Mid Cap Growth Fund (AMCGX)

Mutual Fund · Currency in USD · Last updated Apr 1, 2023

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.


400.00%500.00%600.00%700.00%800.00%NovemberDecember2023FebruaryMarch
503.42%
798.03%
AMCGX (Alger Mid Cap Growth Fund)
Benchmark (^GSPC)

S&P 500

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Alger Mid Cap Growth Fund

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.


PeriodReturnBenchmark
1 month2.89%3.51%
Year-To-Date9.36%7.03%
6 months9.52%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


JanFebMarAprMayJunJulAugSepOctNovDec
20237.82%-1.42%
2022-9.40%4.95%2.51%-6.19%

Sharpe Ratio Chart

The Sharpe ratio shows whether the portfolio's excess returns are due to smart investment decisions or a result of taking a higher risk. The higher a portfolio's Sharpe ratio, the better its risk-adjusted performance.

The current Alger Mid Cap Growth Fund Sharpe ratio is -0.60. A negative Sharpe ratio means that the risk-free rate is higher than the portfolio's return. This value does not convey any meaningful information.

The chart below displays rolling 12-month Sharpe Ratio.


-1.20-1.00-0.80-0.60-0.40-0.20NovemberDecember2023FebruaryMarch
-0.60
-0.46
AMCGX (Alger Mid Cap Growth Fund)
Benchmark (^GSPC)

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.


PeriodTTM20222021202020192018
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.


JanFebMarAprMayJunJulAugSepOctNovDec
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.


-60.00%-50.00%-40.00%-30.00%-20.00%-10.00%NovemberDecember2023FebruaryMarch
-59.56%
-14.33%
AMCGX (Alger Mid Cap Growth Fund)
Benchmark (^GSPC)

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, 2007266Nov 20, 20082176Jul 19, 20172442
-64.5%Nov 10, 2021234Oct 14, 2022
-50.92%Sep 5, 2000523Oct 7, 20021151May 4, 20071674
-33.91%Feb 20, 202020Mar 18, 202053Jun 3, 202073
-31.87%Jul 21, 199857Oct 8, 199856Dec 29, 1998113
-28.13%Sep 5, 201877Dec 24, 2018131Jul 3, 2019208
-21.81%Mar 24, 200016Apr 14, 200091Aug 24, 2000107
-20.47%Feb 16, 202162May 13, 202190Sep 21, 2021152
-18.78%Mar 8, 199476Jun 24, 1994141Jan 16, 1995217
-17.35%May 23, 199636Jul 15, 199698Dec 2, 1996134

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.


15.00%20.00%25.00%30.00%35.00%40.00%NovemberDecember2023FebruaryMarch
17.23%
15.42%
AMCGX (Alger Mid Cap Growth Fund)
Benchmark (^GSPC)