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 above-average management fees.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Saratoga Mid Capitalization Portfolio (SPMAX) returned -2.40% year-to-date (YTD) and 7.94% over the past 12 months. Over the past 10 years, SPMAX returned 5.63% annually, underperforming the S&P 500 benchmark at 10.84%.
SPMAX
-2.40%
5.99%
-9.42%
7.94%
7.38%
12.25%
5.63%
^GSPC (Benchmark)
0.52%
6.32%
-1.44%
12.25%
12.45%
14.20%
10.84%
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% | -6.23% | -3.95% | -2.99% | 5.79% | -2.40% | |||||||
| 2024 | -0.71% | 8.04% | 3.72% | -5.82% | 1.36% | -0.84% | 4.80% | 1.13% | 2.94% | 0.62% | 9.98% | -7.77% | 17.27% |
| 2023 | 5.56% | -2.01% | -2.25% | 1.20% | -3.36% | 6.03% | 1.06% | -1.34% | -4.25% | -3.33% | 10.14% | 8.39% | 15.52% |
| 2022 | -4.97% | 1.75% | -0.90% | -5.74% | 3.00% | -8.82% | 6.79% | -2.60% | -9.00% | 7.06% | 7.62% | -4.76% | -11.91% |
| 2021 | -1.97% | 6.50% | 5.33% | 5.46% | 1.16% | -0.61% | -0.46% | 1.55% | -3.88% | 4.12% | -3.65% | 5.49% | 19.87% |
| 2020 | -0.54% | -8.02% | -21.64% | 13.62% | 5.50% | -1.36% | 4.23% | 4.46% | -2.82% | 0.70% | 15.87% | 4.79% | 9.67% |
| 2019 | 10.71% | 4.10% | -0.71% | 3.46% | -3.93% | 5.32% | 0.97% | 0.00% | 1.06% | 0.09% | 3.43% | 2.68% | 29.93% |
| 2018 | 3.35% | -5.15% | -0.53% | 0.00% | 2.11% | -0.52% | 2.17% | 2.71% | -0.08% | -11.31% | 2.05% | -11.67% | -16.98% |
| 2017 | 1.70% | 2.72% | -0.26% | -1.11% | -0.69% | 1.40% | 0.69% | -0.34% | 3.43% | 1.49% | 1.72% | 1.52% | 12.86% |
| 2016 | -8.75% | -0.67% | 8.51% | 0.79% | 1.40% | -3.02% | 4.62% | 0.93% | -0.42% | -4.23% | 6.44% | 0.33% | 4.85% |
| 2015 | -2.61% | 8.12% | 1.58% | -0.96% | 2.46% | -1.09% | 0.44% | -5.14% | -6.03% | 3.79% | 0.87% | -4.61% | -4.00% |
| 2014 | -2.25% | 6.97% | 0.65% | -1.56% | 1.23% | 2.93% | -3.75% | 4.54% | -3.72% | 1.00% | 2.84% | 1.80% | 10.56% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of SPMAX is 25, 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 Saratoga Mid Capitalization Portfolio (SPMAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
Saratoga Mid Capitalization Portfolio provided a 19.37% dividend yield over the last twelve months, with an annual payout of $2.13 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.13 | $2.13 | $0.14 | $0.21 | $1.87 | $1.07 | $0.00 | $1.17 | $0.96 | $0.91 | $0.58 | $2.11 |
Dividend yield | 19.37% | 18.91% | 1.28% | 2.11% | 16.31% | 9.56% | 0.01% | 13.57% | 8.25% | 8.08% | 5.03% | 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 | $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 | $2.13 | $2.13 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.14 | $0.14 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.21 | $0.21 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.87 | $1.87 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.07 | $1.07 |
| 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 | $1.17 | $1.17 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.96 | $0.96 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.91 | $0.91 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.58 | $0.58 |
| 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.
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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 52.68%, occurring on Mar 9, 2009. Recovery took 480 trading sessions.
The current Saratoga Mid Capitalization Portfolio drawdown is 11.10%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -52.68% | Jul 16, 2007 | 415 | Mar 9, 2009 | 480 | Feb 1, 2011 | 895 |
| -42.83% | Feb 21, 2020 | 22 | Mar 23, 2020 | 166 | Nov 16, 2020 | 188 |
| -27.95% | May 2, 2011 | 108 | Oct 3, 2011 | 323 | Jan 17, 2013 | 431 |
| -27.9% | Jun 24, 2015 | 161 | Feb 11, 2016 | 454 | Nov 29, 2017 | 615 |
| -25.73% | Jan 29, 2018 | 229 | Dec 24, 2018 | 234 | Nov 27, 2019 | 463 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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