ACAAX Performance — Alger Capital Appreciation Fund, Class A
Data updated: 2026-09-25
ACAAX returned +8.37% year to date and +18.89% over one year to Jul 2026. Annualised returns are +28.54% over 3 years and +15.94% over 5 years. The fund beat its US Large Growth category average: $100 invested three years ago grew to $212, against $166 for the category, and to $119 over one year, against $111. Volatility over the past three years was 20.59% a year. In the 12 months to Jul 2026 the fund took in a net $174.1M, and assets reached $2.75B.
ACAAX Growth of $100
What $100 invested in Alger Capital Appreciation Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Large Growth category average over the same months.
| Period | ACAAX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $119 | $111 |
| 3 years (Aug 2023 – Jul 2026) | $212 | $166 |
| 5 years (Aug 2021 – Jul 2026) | $210 | $158 |
| Since data start (Aug 2019 – Jul 2026) | $208 | $261 |
ACAAX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +8.37% |
| 1 year | +18.89% |
| 3 years (annualised) | +28.54% |
| 5 years (annualised) | +15.94% |
ACAAX Annual Returns
Calendar-year total returns of Alger Capital Appreciation Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +8.37% |
| 2025 | +31.12% |
| 2024 | +49.74% |
| 2023 | −0.27% |
| 2022 | −1.02% |
| 2021 | −0.47% |
| 2020 | −0.27% |
| 2019 (Aug–Dec) | −0.19% |
ACAAX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | −2.0% | −3.9% | −4.9% | +15.7% | +10.6% | −0.8% | −4.7% | — | — | — | — | — |
| 2025 | +3.5% | −5.3% | −10.4% | +2.3% | +15.4% | +9.2% | +5.6% | +1.3% | +9.3% | +3.0% | −3.5% | −0.3% |
| 2024 | +5.0% | +8.5% | +2.5% | −4.4% | +8.2% | +6.7% | −3.6% | +3.2% | +4.7% | +1.1% | +10.2% | +0.1% |
| 2023 | 0.0% | −0.1% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | −0.1% | −0.1% | −0.1% | +0.1% | 0.0% |
| 2022 | −0.2% | −0.1% | 0.0% | −0.2% | −0.1% | −0.1% | +0.1% | −0.1% | −0.1% | 0.0% | 0.0% | −0.1% |
| 2021 | −0.1% | 0.0% | −0.1% | 0.0% | −0.1% | 0.0% | 0.0% | 0.0% | −0.1% | 0.0% | −0.1% | −0.1% |
| 2020 | 0.0% | −0.1% | −0.1% | +0.1% | 0.0% | 0.0% | 0.0% | 0.0% | −0.1% | −0.1% | 0.0% | 0.0% |
| 2019 | — | — | — | — | — | — | — | −0.1% | −0.1% | 0.0% | 0.0% | 0.0% |
ACAAX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 20.59%
- 3-year Sharpe ratio: 1.17 (vs 4.5% risk-free rate)
- Best month: +15.74% (Apr 2026)
- Worst month: −10.38% (Mar 2025)
ACAAX Fund Flows
Monthly money in and out of Alger Capital Appreciation Fund, from SEC Form N-PORT.
- 12-month net flow: $174.1M
- 12-month gross sales (incl. reinvestments): $1.1B
- Sales ÷ redemptions: 1.20×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $155.8M | $179.8M | −$24.0M |
| Jun 2026 | $58.6M | $76.8M | −$18.2M |
| May 2026 | $52.7M | $56.8M | −$4.1M |
| Apr 2026 | $104.2M | $94.5M | $9.7M |
| Mar 2026 | $45.4M | $61.4M | −$16.0M |
| Feb 2026 | $63.0M | $54.4M | $8.6M |
| Jan 2026 | $78.3M | $49.3M | $29.0M |
| Dec 2025 | $261.2M | $82.0M | $179.2M |
| Nov 2025 | $53.6M | $57.4M | −$3.8M |
| Oct 2025 | $60.6M | $48.8M | $11.8M |
| Sep 2025 | $62.2M | $46.0M | $16.2M |
| Aug 2025 | $58.1M | $72.5M | −$14.4M |
ACAAX Assets Under Management
Net assets of Alger Capital Appreciation Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $2.75B |
| 2026-04-30 | $2.67B |
| 2026-01-30 | $2.52B |
| 2025-10-31 | $2.70B |
| 2025-07-31 | $2.36B |
| 2025-04-30 | $1.79B |
| 2025-01-31 | $2.13B |
| 2024-10-31 | $1.93B |
| 2024-07-31 | $1.83B |
| 2024-04-30 | $1.71B |
| 2024-01-31 | $1.81B |
| 2023-10-31 | $1.59B |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.