ACARX Performance — Alger Capital Appreciation Institutional Fund, Class R
Data updated: 2026-09-25
ACARX returned +9.32% year to date and +20.28% over one year to Jul 2026. Annualised returns are +28.87% over 3 years and +16.41% over 5 years. The fund beat its US Large Growth category average: $100 invested three years ago grew to $214, against $166 for the category, and to $120 over one year, against $111. Volatility over the past three years was 20.65% a year. In the 12 months to Jul 2026 the fund took in a net $466.4M, and assets reached $3.45B.
ACARX Growth of $100
What $100 invested in Alger Capital Appreciation Institutional 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 | ACARX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $120 | $111 |
| 3 years (Aug 2023 – Jul 2026) | $214 | $166 |
| 5 years (Aug 2021 – Jul 2026) | $214 | $158 |
| Since data start (Aug 2019 – Jul 2026) | $215 | $261 |
ACARX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +9.32% |
| 1 year | +20.28% |
| 3 years (annualised) | +28.87% |
| 5 years (annualised) | +16.41% |
ACARX Annual Returns
Calendar-year total returns of Alger Capital Appreciation Institutional Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +9.32% |
| 2025 | +31.40% |
| 2024 | +48.88% |
| 2023 | +0.37% |
| 2022 | −0.42% |
| 2021 | +0.17% |
| 2020 | +0.38% |
| 2019 (Aug–Dec) | +0.08% |
ACARX 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 | −1.8% | −3.7% | −5.0% | +16.0% | +11.0% | −0.2% | −5.2% | — | — | — | — | — |
| 2025 | +3.5% | −5.2% | −10.4% | +2.4% | +15.2% | +9.2% | +5.6% | +1.4% | +9.3% | +3.2% | −3.3% | −0.5% |
| 2024 | +5.0% | +8.4% | +2.4% | −4.4% | +8.1% | +6.6% | −3.5% | +3.1% | +4.6% | +1.1% | +10.1% | +0.1% |
| 2023 | +0.1% | 0.0% | +0.1% | 0.0% | +0.1% | +0.1% | 0.0% | 0.0% | −0.1% | 0.0% | +0.1% | 0.0% |
| 2022 | −0.1% | 0.0% | 0.0% | −0.1% | 0.0% | −0.1% | +0.1% | 0.0% | −0.1% | 0.0% | 0.0% | −0.1% |
| 2021 | 0.0% | 0.0% | 0.0% | +0.1% | 0.0% | +0.1% | 0.0% | 0.0% | −0.1% | +0.1% | 0.0% | 0.0% |
| 2020 | 0.0% | −0.1% | −0.1% | +0.1% | +0.1% | 0.0% | +0.1% | +0.1% | 0.0% | 0.0% | +0.1% | 0.0% |
| 2019 | — | — | — | — | — | — | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
ACARX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 20.65%
- 3-year Sharpe ratio: 1.18 (vs 4.5% risk-free rate)
- Best month: +16.00% (Apr 2026)
- Worst month: −10.44% (Mar 2025)
ACARX Fund Flows
Monthly money in and out of Alger Capital Appreciation Institutional Fund, from SEC Form N-PORT.
- 12-month net flow: $466.4M
- 12-month gross sales (incl. reinvestments): $1.7B
- Sales ÷ redemptions: 1.37×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $176.0M | $185.7M | −$9.8M |
| Jun 2026 | $104.1M | $120.8M | −$16.7M |
| May 2026 | $97.1M | $91.0M | $6.1M |
| Apr 2026 | $82.5M | $82.9M | −$408K |
| Mar 2026 | $128.2M | $88.5M | $39.7M |
| Feb 2026 | $98.2M | $106.5M | −$8.4M |
| Jan 2026 | $125.5M | $164.2M | −$38.7M |
| Dec 2025 | $283.0M | $96.1M | $186.9M |
| Nov 2025 | $62.6M | $83.7M | −$21.1M |
| Oct 2025 | $74.6M | $112.2M | −$37.6M |
| Sep 2025 | $419.0M | $76.3M | $342.7M |
| Aug 2025 | $87.8M | $64.2M | $23.5M |
ACARX Assets Under Management
Net assets of Alger Capital Appreciation Institutional Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $3.45B |
| 2026-04-30 | $3.30B |
| 2026-01-30 | $3.07B |
| 2025-10-31 | $3.34B |
| 2025-07-31 | $2.60B |
| 2025-04-30 | $2.01B |
| 2025-01-31 | $2.34B |
| 2024-10-31 | $2.12B |
| 2024-07-31 | $2.08B |
| 2024-04-30 | $2.09B |
| 2024-01-31 | $2.08B |
| 2023-10-31 | $1.83B |
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.