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.
Fund Info
| ISIN | US0155654355 |
|---|---|
| Issuer | Alger |
| Inception Date | Mar 3, 2008 |
| Category | Small Cap Growth Equities |
| Min. Investment | $0 |
| Asset Class | Equity |
Asset Class Size | Small-Cap |
Asset Class Style | Growth |
Expense Ratio
The Alger Small Cap Focus Fund has a high expense ratio of 1.14%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Popular comparisons: AOFIX vs. IWO, AOFIX vs. VIGAX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Alger Small Cap Focus 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 Small Cap Focus Fund had a return of -2.02% year-to-date (YTD) and 0.58% in the last 12 months. Over the past 10 years, Alger Small Cap Focus Fund had an annualized return of 6.82%, while the S&P 500 had an annualized return of 10.42%, indicating that Alger Small Cap Focus Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -2.02% | 5.05% |
| 1 month | -7.48% | -4.27% |
| 6 months | 19.78% | 18.82% |
| 1 year | 0.58% | 21.22% |
| 5 years (annualized) | -1.40% | 11.38% |
| 10 years (annualized) | 6.82% | 10.42% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.84% | 6.12% | 2.72% | |||||||||
| 2023 | -6.04% | -8.27% | 11.23% | 10.97% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
Alger Small Cap Focus Fund(AOFIX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Alger Small Cap Focus Fund (AOFIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
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 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.00 | $0.00 | $0.00 | $1.80 | $0.00 | $0.50 | $0.15 | $0.00 | $0.00 | $0.00 | $0.98 |
Dividend yield | 0.00% | 0.00% | 0.00% | 6.94% | 0.00% | 2.36% | 0.85% | 0.00% | 0.00% | 0.00% | 8.98% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | $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 | $0.98 |
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 Small Cap Focus 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 Small Cap Focus Fund was 60.19%, occurring on Oct 30, 2023. The portfolio has not yet recovered.
The current Alger Small Cap Focus Fund drawdown is 50.69%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -60.19% | Feb 16, 2021 | 682 | Oct 30, 2023 | — | — | — |
| -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 |
Volatility
Volatility Chart
The current Alger Small Cap Focus Fund volatility is 6.89%, 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.