Alger Small Cap Focus Fund (AOFIX)
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 Small Cap Focus Fund in Oct 2022 and compares it to the S&P 500 index or another benchmark. It would be worth nearly $29,882 for a total return of roughly 198.82%. All prices are adjusted for splits and dividends.
Compare to other instruments
Return
Alger Small Cap Focus Fund had a return of 3.40% year-to-date (YTD) and -22.60% in the last 12 months. Over the past 10 years, Alger Small Cap Focus Fund had an annualized return of 8.17%, while the S&P 500 had an annualized return of 10.05%, indicating that Alger Small Cap Focus Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| 1 month | -0.59% | 3.51% |
| Year-To-Date | 3.40% | 7.03% |
| 6 months | 2.70% | 12.88% |
| 1 year | -22.60% | -10.71% |
| 5 years (annualized) | 2.33% | 9.25% |
| 10 years (annualized) | 8.17% | 10.05% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 7.35% | -3.11% | ||||||||||
| 2022 | -8.38% | 7.79% | -2.52% | -4.71% |
Dividend History
Alger Small Cap Focus 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 | $1.80 | $0.00 | $0.50 | $0.15 | $0.00 | $0.00 | $0.00 | $0.98 | $0.00 | $1.37 |
Dividend yield | 0.00% | 0.00% | 6.94% | 0.00% | 2.53% | 0.93% | 0.00% | 0.00% | 0.00% | 10.03% | 0.00% | 19.82% |
Monthly Dividends
The table displays the monthly dividend distributions for Alger Small Cap Focus 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 | $1.80 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.50 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.15 |
| 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 | $0.98 |
| 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 | $1.37 |
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 Small Cap Focus 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 Small Cap Focus Fund is 56.83%, recorded on May 11, 2022. The portfolio has not recovered from it yet.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -56.83% | Feb 16, 2021 | 313 | May 11, 2022 | — | — | — |
| -54.82% | Jun 6, 2008 | 118 | Nov 20, 2008 | 511 | Dec 2, 2010 | 629 |
| -32.14% | Feb 20, 2020 | 20 | Mar 18, 2020 | 37 | May 11, 2020 | 57 |
| -30.3% | May 2, 2011 | 108 | Oct 3, 2011 | 325 | Jan 18, 2013 | 433 |
| -29.55% | Sep 17, 2018 | 69 | Dec 24, 2018 | 134 | Jul 9, 2019 | 203 |
| -28.57% | Jul 23, 2015 | 139 | Feb 9, 2016 | 156 | Sep 22, 2016 | 295 |
| -15.95% | Mar 5, 2014 | 155 | Oct 13, 2014 | 85 | Feb 13, 2015 | 240 |
| -13.42% | Jul 31, 2019 | 45 | Oct 2, 2019 | 85 | Feb 4, 2020 | 130 |
| -11.34% | Sep 23, 2016 | 30 | Nov 3, 2016 | 12 | Nov 21, 2016 | 42 |
| -10.52% | Sep 3, 2020 | 6 | Sep 11, 2020 | 18 | Oct 7, 2020 | 24 |
Volatility Chart
Current Alger Small Cap Focus Fund volatility is 24.32%. 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.