Saratoga Mid Capitalization Portfolio (SPMAX)
The Portfolio will normally invest at least 80% of its total assets in equity securities of companies whose stock market capitalizations fall within the range of the capitalizations in the Russell Midcap Index at the time of purchase. Equity securities include common stocks, preferred stocks, securities convertible into common stocks and warrants. It invests in securities of companies that are believed by the Adviser to be undervalued, thereby offering above-average potential for capital appreciation.
Fund Info
US8034315684
803431568
Jun 28, 2002
$2,500
Mid-Cap
Blend
Expense Ratio
SPMAX has a high expense ratio of 2.06%, 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.
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Saratoga Mid Capitalization Portfolio, 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
Saratoga Mid Capitalization Portfolio had a return of 1.78% year-to-date (YTD) and -2.14% in the last 12 months. Over the past 10 years, Saratoga Mid Capitalization Portfolio had an annualized return of -1.47%, while the S&P 500 had an annualized return of 11.26%, indicating that Saratoga Mid Capitalization Portfolio did not perform as well as the benchmark.
SPMAX
1.78%
-5.06%
-6.54%
-2.14%
-0.07%
-1.47%
^GSPC (Benchmark)
4.01%
1.13%
9.82%
22.80%
12.93%
11.26%
Monthly Returns
The table below presents the monthly returns of SPMAX, 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 | 5.60% | 1.78% | |||||||||||
| 2024 | -0.71% | 8.04% | 3.72% | -5.82% | 1.35% | -0.84% | 4.80% | 1.13% | 2.94% | 0.62% | 9.98% | -21.56% | -0.27% |
| 2023 | 5.56% | -2.01% | -2.25% | 1.20% | -3.36% | 6.03% | 1.06% | -1.34% | -4.26% | -3.33% | 10.14% | 6.93% | 13.95% |
| 2022 | -4.97% | 1.74% | -0.90% | -5.74% | 3.00% | -8.82% | 6.79% | -2.60% | -9.00% | 7.07% | 7.61% | -6.70% | -13.70% |
| 2021 | -1.97% | 6.50% | 5.33% | 5.46% | 1.16% | -0.61% | -0.46% | 1.55% | -3.88% | 4.12% | -3.65% | -9.55% | 2.78% |
| 2020 | -0.54% | -8.02% | -21.65% | 13.62% | 5.50% | -1.36% | 4.23% | 4.46% | -2.82% | 0.70% | 15.87% | -4.54% | -0.09% |
| 2019 | 10.71% | 4.10% | -0.71% | 3.46% | -3.93% | 5.32% | 0.97% | 0.00% | 1.06% | 0.10% | 3.43% | 2.68% | 29.93% |
| 2018 | 3.35% | -5.15% | -0.52% | 0.00% | 2.11% | -0.52% | 2.16% | 2.71% | -0.08% | -11.31% | 2.05% | -21.52% | -26.23% |
| 2017 | 1.70% | 2.72% | -0.26% | -1.11% | -0.69% | 1.40% | 0.69% | -0.34% | 3.43% | 1.49% | 1.72% | -6.26% | 4.20% |
| 2016 | -8.75% | -0.67% | 8.51% | 0.79% | 1.40% | -3.02% | 4.62% | 0.93% | -0.42% | -4.23% | 6.44% | -7.13% | -2.95% |
| 2015 | -2.61% | 8.12% | 1.58% | -0.96% | 2.46% | -1.09% | 0.44% | -5.14% | -6.03% | 3.79% | 0.87% | -9.28% | -8.70% |
| 2014 | -2.25% | 6.97% | 0.64% | -1.57% | 1.23% | 2.93% | -3.74% | 4.54% | -3.72% | 1.00% | 2.83% | 1.80% | 10.56% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of SPMAX is 5, meaning it’s performing worse than 95% of other mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Saratoga Mid Capitalization Portfolio (SPMAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Saratoga Mid Capitalization Portfolio provided a 0.00% dividend yield over the last twelve months, with an annual payout of $0.00 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.01 | $0.00 | $0.00 | $2.11 |
Dividend yield | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.01% | 0.16% | 0.09% | 0.00% | 0.00% | 16.69% |
Monthly Dividends
The table displays the monthly dividend distributions for Saratoga Mid Capitalization Portfolio. 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $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 | $0.00 | $0.00 |
| 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 | $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 | $0.00 | $0.00 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.01 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.01 |
| 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 | $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 | $0.00 |
| 2014 | $2.11 | $2.11 |
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 Saratoga Mid Capitalization Portfolio. 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 Saratoga Mid Capitalization Portfolio was 60.17%, occurring on Mar 9, 2009. Recovery took 1010 trading sessions.
The current Saratoga Mid Capitalization Portfolio drawdown is 21.16%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -60.17% | Dec 7, 2006 | 563 | Mar 9, 2009 | 1010 | Mar 14, 2013 | 1573 |
| -52.6% | Jun 24, 2015 | 1195 | Mar 23, 2020 | 1167 | Nov 8, 2024 | 2362 |
| -24.16% | Aug 23, 2002 | 33 | Oct 9, 2002 | 163 | Jun 4, 2003 | 196 |
| -22.54% | Dec 5, 2024 | 18 | Dec 31, 2024 | — | — | — |
| -13.13% | Dec 19, 2013 | 30 | Feb 3, 2014 | 105 | Jul 3, 2014 | 135 |
Volatility
Volatility Chart
The current Saratoga Mid Capitalization Portfolio volatility is 4.95%, 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.