AISZX Performance — Alger Small Cap Growth Institutional Fund, Class Z-2
Data updated: 2026-09-25
AISZX returned +18.33% year to date and +29.35% over one year to Jul 2026. Annualised returns are +10.50% over 3 years and +6.08% over 5 years. Against its US Multi-Cap Growth category average the fund came out behind over three years but ahead over one: $100 invested three years ago grew to $135, against $153 for the category, and to $129 over one year, against $115. Volatility over the past three years was 20.09% a year. In the 12 months to Jul 2026 the fund lost a net $11.6M, and assets reached $80.58M.
AISZX Growth of $100
What $100 invested in Alger Small Cap Growth Institutional Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Multi-Cap Growth category average over the same months.
| Period | AISZX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $129 | $115 |
| 3 years (Aug 2023 – Jul 2026) | $135 | $153 |
| 5 years (Aug 2021 – Jul 2026) | $134 | $139 |
| Since data start (Aug 2019 – Jul 2026) | $135 | $228 |
AISZX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +18.33% |
| 1 year | +29.35% |
| 3 years (annualised) | +10.50% |
| 5 years (annualised) | +6.08% |
AISZX Annual Returns
Calendar-year total returns of Alger Small Cap Growth Institutional Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +18.33% |
| 2025 | +5.32% |
| 2024 | +8.23% |
| 2023 | +0.16% |
| 2022 | −0.44% |
| 2021 | −0.03% |
| 2020 | +0.55% |
| 2019 (Aug–Dec) | −0.03% |
AISZX 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 | +1.3% | −2.7% | −8.5% | +12.1% | +7.2% | +9.9% | −0.7% | — | — | — | — | — |
| 2025 | +3.1% | −12.0% | −10.5% | +0.1% | +8.7% | +8.0% | +0.9% | +2.6% | +2.3% | +4.2% | +2.3% | −2.3% |
| 2024 | −2.7% | +9.6% | +0.8% | −8.8% | +2.6% | −0.7% | +2.9% | +1.7% | +3.1% | −2.9% | +11.2% | −7.1% |
| 2023 | +0.1% | 0.0% | 0.0% | 0.0% | 0.0% | +0.1% | 0.0% | 0.0% | −0.1% | −0.1% | +0.1% | +0.1% |
| 2022 | −0.1% | 0.0% | 0.0% | −0.1% | −0.1% | −0.1% | +0.1% | 0.0% | −0.1% | +0.1% | 0.0% | −0.1% |
| 2021 | 0.0% | 0.0% | −0.1% | 0.0% | −0.1% | +0.1% | 0.0% | 0.0% | 0.0% | 0.0% | −0.1% | 0.0% |
| 2020 | 0.0% | 0.0% | −0.1% | +0.2% | +0.1% | +0.1% | +0.1% | 0.0% | 0.0% | 0.0% | +0.1% | +0.1% |
| 2019 | — | — | — | — | — | — | — | 0.0% | −0.1% | 0.0% | +0.1% | 0.0% |
AISZX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 20.09%
- 3-year Sharpe ratio: 0.30 (vs 4.5% risk-free rate)
- Best month: +12.06% (Apr 2026)
- Worst month: −12.00% (Feb 2025)
AISZX Fund Flows
Monthly money in and out of Alger Small Cap Growth Institutional Fund, from SEC Form N-PORT.
- 12-month net flow: −$11.6M
- 12-month gross sales (incl. reinvestments): $11.2M
- Sales ÷ redemptions: 0.49×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $349K | $976K | −$627K |
| Jun 2026 | $229K | $1.9M | −$1.6M |
| May 2026 | $327K | $834K | −$508K |
| Apr 2026 | $424K | $1.3M | −$881K |
| Mar 2026 | $317K | $4.4M | −$4.1M |
| Feb 2026 | $402K | $1.8M | −$1.4M |
| Jan 2026 | $704K | $1.0M | −$334K |
| Dec 2025 | $4.5M | $2.7M | $1.7M |
| Nov 2025 | $405K | $1.6M | −$1.2M |
| Oct 2025 | $616K | $2.8M | −$2.2M |
| Sep 2025 | $890K | $2.1M | −$1.2M |
| Aug 2025 | $2.1M | $1.4M | $708K |
AISZX Assets Under Management
Net assets of Alger Small Cap Growth Institutional Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $80.58M |
| 2026-04-30 | $71.42M |
| 2026-01-30 | $78.50M |
| 2025-10-31 | $79.63M |
| 2025-07-31 | $75.36M |
| 2025-04-30 | $67.72M |
| 2025-01-31 | $90.60M |
| 2024-10-31 | $89.83M |
| 2024-07-31 | $100.08M |
| 2024-04-30 | $103.26M |
| 2024-01-31 | $119.24M |
| 2023-10-31 | $105.71M |
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.