Alger Small Cap Focus Fund (AOFIX)

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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.

Alger Small Cap Focus Fund (AOFIX) has returned -12.19% so far this year and 13.89% over the past 12 months. Over the last ten years, AOFIX has returned 7.64% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Mar 3, 2008, AOFIX's average daily return is +0.04%, while the average monthly return is +0.68%. At this rate, your investment would double in approximately 8.5 years.

Historically, 59% of months were positive and 41% were negative. The best month was Aug 2018 with a return of +16.2%, while the worst month was Oct 2008 at -22.6%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 8 months.

On a daily basis, AOFIX closed higher 53% of trading days. The best single day was Apr 9, 2025 with a return of +10.7%, while the worst single day was Dec 18, 2013 at -13.6%.

Alger Small Cap Focus Fund has an annualized alpha of -2.18%, beta of 1.07, and R² of 0.69 versus S&P 500 Index. Calculated based on daily prices since March 04, 2008.

• This fund participated in 114.00% of S&P 500 Index downside but only 101.98% of its upside — more exposed to losses than it benefited from rallies.
• This fund had an annualized alpha of -2.18% versus S&P 500 Index — delivering less than market exposure alone would predict.
• With beta of 1.07 and R² of 0.69, this fund moves broadly in line with S&P 500 Index — much of its variation is explained by market exposure rather than independent behavior.

AOFIX has a high expense ratio of 1.14%, indicating above-average management fees.

AOFIX ranks 15 for risk / return — in the bottom 15% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

The table below present risk-adjusted performance metrics for Alger Small Cap Focus Fund (AOFIX) and compare them to a chosen benchmark (S&P 500 Index).

Alger Small Cap Focus Fund provided a 0.00% dividend yield over the last twelve months, with an annual payout of $0.00 per share.

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.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

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 46.23%.

The chart below shows the rolling one-month volatility.