Alger Responsible Investing Fund (SPEGX)
The investment seeks long-term capital appreciation. The fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of companies of any size with an environmental, social and governance ("ESG") rating of average or above by a third-party ESG rating agency (an “ESG Rating Agency”) that also demonstrate, in the view of the Manager, promising growth potential.
Fund Info
| ISIN | US0155664099 |
|---|---|
| CUSIP | 015566409 |
| Issuer | Alger |
| Inception Date | Dec 4, 2000 |
| Category | Large Cap Growth Equities |
| Min. Investment | $1,000 |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Growth |
Expense Ratio
SPEGX has a high expense ratio of 1.27%, indicating higher-than-average management fees.
Share Price Chart
Loading data...
Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Popular comparisons: SPEGX vs. VGT
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Alger Responsible Investing 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 Responsible Investing Fund had a return of 9.08% year-to-date (YTD) and 33.10% in the last 12 months. Over the past 10 years, Alger Responsible Investing Fund had an annualized return of 10.27%, which was very close to the S&P 500 benchmark's annualized return of 10.64%.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 9.08% | 7.50% |
| 1 month | -0.55% | -1.61% |
| 6 months | 19.74% | 17.65% |
| 1 year | 33.10% | 26.26% |
| 5 years (annualized) | 13.90% | 11.73% |
| 10 years (annualized) | 10.27% | 10.64% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 2.67% | 5.59% | 1.79% | -4.36% | ||||||||
| 2023 | -1.17% | 9.93% | 3.93% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of SPEGX is 84, placing it in the top 16% of the market in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Alger Responsible Investing Fund(SPEGX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Alger Responsible Investing Fund (SPEGX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Alger Responsible Investing Fund granted a 2.68% dividend yield in the last twelve months. The annual payout for that period amounted to $0.44 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|
| Dividend | $0.44 | $0.44 | $0.09 | $1.38 | $1.04 | $0.86 | $0.64 |
Dividend yield | 2.68% | 2.92% | 0.81% | 8.42% | 7.23% | 7.54% | 7.04% |
Monthly Dividends
The table displays the monthly dividend distributions for Alger Responsible Investing 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 | $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 | $0.44 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.09 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.38 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.04 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.86 |
| 2018 | $0.64 |
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 Responsible Investing 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 Responsible Investing Fund was 58.01%, occurring on Mar 9, 2009. Recovery took 1050 trading sessions.
The current Alger Responsible Investing Fund drawdown is 1.63%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -58.01% | Dec 11, 2007 | 311 | Mar 9, 2009 | 1050 | May 10, 2013 | 1361 |
| -36.33% | Nov 22, 2021 | 226 | Oct 14, 2022 | 344 | Feb 29, 2024 | 570 |
| -30.32% | Feb 20, 2020 | 23 | Mar 23, 2020 | 54 | Jun 9, 2020 | 77 |
| -23.08% | Oct 2, 2018 | 58 | Dec 24, 2018 | 84 | Apr 26, 2019 | 142 |
| -17.03% | Jul 21, 2015 | 143 | Feb 11, 2016 | 262 | Feb 27, 2017 | 405 |
Volatility
Volatility Chart
The current Alger Responsible Investing Fund volatility is 5.83%, 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.