Alger Spectra Fund (SPECX)
The fund invests primarily in the equity securities of companies of any size that the manager believes demonstrate promising growth potential. Equity securities include common or preferred stocks that are listed on U.S. or foreign exchanges. It may invest a significant portion of its assets in securities of companies conducting business within a single sector, including the information technology, consumer discretionary, healthcare, and communication services sectors.
Fund Info
US0155661020
015566102
Jul 28, 1969
$1,000
Large-Cap
Growth
Expense Ratio
SPECX has a high expense ratio of 1.39%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Alger Spectra 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 Spectra Fund had a return of 7.67% year-to-date (YTD) and 36.39% in the last 12 months. Over the past 10 years, Alger Spectra Fund had an annualized return of 5.38%, while the S&P 500 had an annualized return of 11.31%, indicating that Alger Spectra Fund did not perform as well as the benchmark.
SPECX
7.67%
4.26%
16.20%
36.39%
4.81%
5.38%
^GSPC (Benchmark)
4.46%
2.46%
9.31%
23.49%
13.03%
11.31%
Monthly Returns
The table below presents the monthly returns of SPECX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 3.38% | 7.67% | |||||||||||
| 2024 | 5.08% | 8.74% | 2.35% | -4.51% | 7.70% | 6.70% | -4.03% | 3.21% | 4.19% | 1.33% | 9.86% | -5.80% | 38.87% |
| 2023 | 9.59% | -2.14% | 6.24% | 1.45% | 5.01% | 6.65% | 2.29% | -0.83% | -6.25% | -1.01% | 12.00% | 3.54% | 41.34% |
| 2022 | -14.81% | -2.49% | 1.57% | -13.68% | -2.80% | -9.34% | 12.52% | -4.12% | -9.66% | 3.20% | 1.96% | -10.17% | -40.88% |
| 2021 | -1.12% | 1.34% | -1.62% | 5.95% | -2.11% | 6.64% | 1.52% | 4.78% | -4.59% | 8.40% | -3.62% | -28.08% | -16.86% |
| 2020 | 3.12% | -5.92% | -10.52% | 14.99% | 8.30% | 4.33% | 7.70% | 9.83% | -3.14% | -2.59% | 10.19% | -5.30% | 31.37% |
| 2019 | 9.06% | 3.37% | 2.24% | 5.48% | -6.09% | 6.88% | 1.71% | -1.15% | -1.79% | 2.55% | 4.31% | -4.43% | 23.16% |
| 2018 | 8.51% | -2.42% | -2.89% | 1.56% | 4.80% | 0.67% | 2.07% | 4.71% | 0.70% | -10.05% | 1.69% | -18.33% | -11.42% |
| 2017 | 5.34% | 3.65% | 1.70% | 2.43% | 3.22% | -0.82% | 3.25% | 2.45% | -0.24% | 4.59% | 1.82% | -5.64% | 23.47% |
| 2016 | -7.40% | -2.22% | 6.29% | -1.28% | 2.84% | -1.62% | 5.07% | -0.41% | 1.40% | -2.65% | -0.06% | -1.42% | -2.17% |
| 2015 | -1.27% | 6.62% | 0.27% | -0.93% | 3.48% | -1.12% | 2.54% | -7.01% | -3.34% | 8.21% | 1.30% | -8.88% | -1.50% |
| 2014 | -2.40% | 5.15% | -2.39% | -1.25% | 3.70% | 3.17% | -0.76% | 4.73% | -1.61% | 0.95% | 3.45% | -12.63% | -1.26% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of SPECX is 69, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Alger Spectra Fund (SPECX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the Alger Spectra 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 Spectra Fund was 74.05%, occurring on Feb 13, 2003. Recovery took 2661 trading sessions.
The current Alger Spectra Fund drawdown is 15.86%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -74.05% | Mar 13, 2000 | 731 | Feb 13, 2003 | 2661 | Sep 17, 2013 | 3392 |
| -60.98% | Nov 9, 2021 | 291 | Jan 5, 2023 | — | — | — |
| -31.39% | Feb 20, 2020 | 23 | Mar 23, 2020 | 53 | Jun 8, 2020 | 76 |
| -30.86% | Oct 2, 2018 | 58 | Dec 24, 2018 | 285 | Feb 12, 2020 | 343 |
| -29.52% | Jul 21, 1998 | 58 | Oct 8, 1998 | 44 | Dec 9, 1998 | 102 |
Volatility
Volatility Chart
The current Alger Spectra Fund volatility is 8.37%, 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.