- ISIN
- US0155654355
- Issuer
- Alger
- Inception Date
- Mar 3, 2008
- Category
- Small Cap Growth Equities
- Min. Investment
- $0
- Distribution Policy
- Accumulating
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
AOFIX Performance Chart
Alger Small Cap Focus Fund (AOFIX) is up 16.0% since the beginning of the year. AOFIX is currently trading at $25 per share. Investors who bought $1,000 worth of AOFIX shares 5 years ago would now be looking at an investment worth $844.
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Returns By Period
Alger Small Cap Focus Fund (AOFIX) has returned 15.97% so far this year and 37.64% over the past 12 months. Over the last ten years, AOFIX has returned 9.73% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Alger Small Cap Focus Fund
- 1D
- 2.16%
- 1M
- 9.26%
- YTD
- 15.97%
- 6M
- 11.99%
- 1Y
- 37.64%
- 3Y*
- 14.06%
- 5Y*
- -3.34%
- 10Y*
- 9.73%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
AOFIX Monthly Returns History
Based on dividend-adjusted daily data since Mar 3, 2008, AOFIX's average daily return is +0.04%, while the average monthly return is +0.80%. At this rate, an investment would double in approximately 7.2 years.
Historically, 60% of months were positive and 40% 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%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.42% | -1.74% | -9.04% | 9.19% | 9.29% | 5.15% | 15.97% | ||||||
| 2025 | 1.04% | -7.87% | -11.41% | -0.30% | 6.19% | 8.82% | -0.16% | 5.52% | 3.16% | 7.51% | 0.71% | -4.33% | 6.96% |
| 2024 | -0.84% | 6.12% | 2.72% | -8.11% | 2.26% | -1.94% | 3.27% | 1.09% | 1.94% | 0.16% | 14.87% | -6.73% | 13.76% |
| 2023 | 7.35% | -3.11% | -0.59% | 0.54% | -2.97% | 3.86% | 3.24% | -4.51% | -6.04% | -8.27% | 11.23% | 10.97% | 9.88% |
| 2022 | -15.75% | -0.41% | -1.42% | -16.20% | -3.44% | -7.25% | 11.10% | -1.40% | -8.38% | 7.79% | -2.52% | -4.71% | -37.62% |
| 2021 | 4.57% | -0.21% | -8.11% | 6.47% | -6.92% | 6.69% | 0.43% | 0.49% | -4.04% | 2.55% | -12.57% | -2.37% | -14.06% |
Benchmark Metrics
Alger Small Cap Focus Fund has an annualized alpha of -1.62%, beta of 1.07, and R2 of 0.68 versus S&P 500 Index. Calculated based on daily prices since March 03, 2008.
- This fund participated in 112.24% of S&P 500 Index downside but only 102.62% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 1.07 and R2 of 0.68, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -1.62%
- Beta
- 1.07
- R²
- 0.68
- Upside Capture
- 102.62%
- Downside Capture
- 112.24%
Expense Ratio
AOFIX has a high expense ratio of 1.14%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
AOFIX ranks 27 for risk / return — below 27% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Alger Small Cap Focus Fund (AOFIX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AOFIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.63 | ||
| Sortino ratioReturn per unit of downside risk | -0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.37 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.87 | 2.78 | -0.92 |
| Martin ratioReturn relative to average drawdown | 6.18 | 12.44 | -6.26 |
Dividends
Dividend History
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.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.80 | $0.00 | $0.50 | $0.15 |
Dividend yield | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 6.94% | 0.00% | 2.36% | 0.85% |
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 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $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 | $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 | $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 | $1.80 |
Drawdowns
Drawdowns Chart
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.
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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 28.98%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2023 bear market2023 | -60.19%Oct 2023 | 2y 8mo | — | 5y 4moFeb 2021 - now |
Financial crisis2007–2009 | -54.82%Nov 2008 | 5mo 17d | 2y 12d | 2y 5moJun 2008 - Dec 2010 |
COVID crash2020 | -32.14%Mar 2020 | 27d | 1mo 24d | 2mo 21dFeb 2020 - May 2020 |
2011 bear market2011 | -30.30%Oct 2011 | 5mo 4d | 1y 3mo | 1y 8moMay 2011 - Jan 2013 |
Rate-hike selloffLate 2018 | -29.55%Dec 2018 | 3mo 8d | 6mo 17d | 9mo 25dSep 2018 - Jul 2019 |
Drawdown Indicators
| AOFIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.19% | -56.78% | -3.41% |
Max Drawdown (1Y)Largest decline over 1 year | -19.88% | -9.10% | -10.78% |
Max Drawdown (3Y)Largest decline over 3 years | -31.97% | -18.90% | -13.07% |
Max Drawdown (5Y)Largest decline over 5 years | -55.64% | -25.43% | -30.21% |
Max Drawdown (10Y)Largest decline over 10 years | -60.19% | -33.92% | -26.27% |
Current DrawdownCurrent decline from peak | -28.98% | -1.80% | -27.18% |
Average DrawdownAverage peak-to-trough decline | -19.45% | -10.71% | -8.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.00% | 2.03% | +3.97% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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