ALCZX Performance — Alger International Opportunities Fund, Class Z
Data updated: 2026-09-25
ALCZX returned +10.63% year to date and +12.55% over one year to Jul 2026. Annualised returns are +11.65% over 3 years and +6.81% over 5 years. Against its International Large Growth category average the fund came out ahead over three years but behind over one: $100 invested three years ago grew to $139, against $132 for the category, and to $113 over one year, against $113. Volatility over the past three years was 11.91% a year. In the 12 months to Jul 2026 the fund took in a net $13.5M, and assets reached $180.43M.
ALCZX Growth of $100
What $100 invested in Alger International Opportunities Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the International Large Growth category average over the same months.
| Period | ALCZX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $113 | $113 |
| 3 years (Aug 2023 – Jul 2026) | $139 | $132 |
| 5 years (Aug 2021 – Jul 2026) | $139 | $114 |
| Since data start (Aug 2019 – Jul 2026) | $140 | $174 |
ALCZX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +10.63% |
| 1 year | +12.55% |
| 3 years (annualised) | +11.65% |
| 5 years (annualised) | +6.81% |
ALCZX Annual Returns
Calendar-year total returns of Alger International Opportunities Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +10.63% |
| 2025 | +19.02% |
| 2024 | +5.68% |
| 2023 | +0.19% |
| 2022 | −0.32% |
| 2021 | +0.09% |
| 2020 | +0.40% |
| 2019 (Aug–Dec) | +0.09% |
ALCZX 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 | +5.8% | 0.0% | −7.4% | +8.1% | +4.3% | +3.7% | −3.4% | — | — | — | — | — |
| 2025 | +4.2% | +0.4% | −1.8% | +5.6% | +4.9% | +5.2% | −2.3% | +0.4% | +3.5% | +0.9% | −3.4% | +0.4% |
| 2024 | −3.1% | +4.9% | +2.3% | −3.8% | +5.8% | +0.4% | +1.8% | +3.4% | +0.4% | −3.2% | −0.1% | −2.6% |
| 2023 | +0.1% | −0.1% | 0.0% | 0.0% | 0.0% | +0.1% | +0.1% | 0.0% | −0.1% | 0.0% | +0.1% | +0.1% |
| 2022 | −0.1% | 0.0% | 0.0% | −0.1% | 0.0% | −0.1% | +0.1% | −0.1% | −0.1% | +0.1% | +0.1% | −0.1% |
| 2021 | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| 2020 | 0.0% | −0.1% | −0.1% | +0.1% | +0.1% | +0.1% | +0.1% | +0.1% | 0.0% | 0.0% | +0.1% | +0.1% |
| 2019 | — | — | — | — | — | — | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
ALCZX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 11.91%
- 3-year Sharpe ratio: 0.60 (vs 4.5% risk-free rate)
- Best month: +8.07% (Apr 2026)
- Worst month: −7.42% (Mar 2026)
ALCZX Fund Flows
Monthly money in and out of Alger International Opportunities Fund, from SEC Form N-PORT.
- 12-month net flow: $13.5M
- 12-month gross sales (incl. reinvestments): $33.6M
- Sales ÷ redemptions: 1.67×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $2.9M | $1.1M | $1.8M |
| Jun 2026 | $535K | $1.2M | −$638K |
| May 2026 | $773K | $1.3M | −$574K |
| Apr 2026 | $1.7M | $1.8M | −$98K |
| Mar 2026 | $540K | $1.4M | −$816K |
| Feb 2026 | $955K | $3.4M | −$2.5M |
| Jan 2026 | $2.2M | $2.1M | $44K |
| Dec 2025 | $18.0M | $3.1M | $14.9M |
| Nov 2025 | $654K | $1.2M | −$513K |
| Oct 2025 | $920K | $1.2M | −$288K |
| Sep 2025 | $925K | $1.3M | −$354K |
| Aug 2025 | $3.4M | $994K | $2.5M |
ALCZX Assets Under Management
Net assets of Alger International Opportunities Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $180.43M |
| 2026-04-30 | $172.19M |
| 2026-01-30 | $175.68M |
| 2025-10-31 | $174.55M |
| 2025-07-31 | $164.77M |
| 2025-04-30 | $152.87M |
| 2025-01-31 | $149.12M |
| 2024-10-31 | $152.32M |
| 2024-07-31 | $152.47M |
| 2024-04-30 | $144.05M |
| 2024-01-31 | $163.63M |
| 2023-10-31 | $146.68M |
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.