ALMZX Performance — Alger Mid Cap Growth Institutional Fund, Class Z-2
Data updated: 2026-09-25
ALMZX returned +4.42% year to date and +8.10% over one year to Jul 2026. Annualised returns are +13.80% over 3 years and +8.02% over 5 years. Against its US Mid-Cap Growth category average the fund came out ahead over three years but behind over one: $100 invested three years ago grew to $147, against $139 for the category, and to $108 over one year, against $110. Volatility over the past three years was 16.84% a year. In the 12 months to Jul 2026 the fund lost a net $6.4M, and assets reached $56.06M.
ALMZX Growth of $100
What $100 invested in Alger Mid Cap Growth Institutional Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Mid-Cap Growth category average over the same months.
| Period | ALMZX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $108 | $110 |
| 3 years (Aug 2023 – Jul 2026) | $147 | $139 |
| 5 years (Aug 2021 – Jul 2026) | $147 | $121 |
| Since data start (Aug 2019 – Jul 2026) | $148 | $189 |
ALMZX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +4.42% |
| 1 year | +8.10% |
| 3 years (annualised) | +13.80% |
| 5 years (annualised) | +8.02% |
ALMZX Annual Returns
Calendar-year total returns of Alger Mid Cap Growth Institutional Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +4.42% |
| 2025 | +17.28% |
| 2024 | +20.32% |
| 2023 | +0.23% |
| 2022 | −0.39% |
| 2021 | +0.06% |
| 2020 | +0.55% |
| 2019 (Aug–Dec) | −0.01% |
ALMZX 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 | −1.0% | +1.3% | −8.1% | +8.3% | +5.6% | +5.2% | −5.7% | — | — | — | — | — |
| 2025 | +6.0% | −6.4% | −9.0% | +3.5% | +9.3% | +6.9% | +3.7% | +2.1% | +3.8% | 0.0% | −1.6% | −0.6% |
| 2024 | +1.1% | +8.6% | +2.0% | −5.4% | +1.4% | +0.5% | +0.8% | +1.2% | +3.6% | +0.8% | +11.9% | −6.6% |
| 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 | −0.2% | 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% | 0.0% | 0.0% | +0.1% | 0.0% | 0.0% | 0.0% | +0.1% | −0.1% | 0.0% |
| 2020 | 0.0% | 0.0% | −0.1% | +0.2% | +0.1% | 0.0% | +0.1% | +0.1% | 0.0% | 0.0% | +0.1% | +0.1% |
| 2019 | — | — | — | — | — | — | — | 0.0% | −0.1% | 0.0% | 0.0% | 0.0% |
ALMZX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 16.84%
- 3-year Sharpe ratio: 0.55 (vs 4.5% risk-free rate)
- Best month: +11.91% (Nov 2024)
- Worst month: −8.99% (Mar 2025)
ALMZX Fund Flows
Monthly money in and out of Alger Mid Cap Growth Institutional Fund, from SEC Form N-PORT.
- 12-month net flow: −$6.4M
- 12-month gross sales (incl. reinvestments): $9.7M
- Sales ÷ redemptions: 0.60×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $538K | $700K | −$163K |
| Jun 2026 | $414K | $813K | −$399K |
| May 2026 | $299K | $617K | −$318K |
| Apr 2026 | $844K | $858K | −$13K |
| Mar 2026 | $474K | $891K | −$417K |
| Feb 2026 | $487K | $964K | −$476K |
| Jan 2026 | $648K | $758K | −$110K |
| Dec 2025 | $522K | $4.8M | −$4.3M |
| Nov 2025 | $448K | $766K | −$318K |
| Oct 2025 | $965K | $1.4M | −$443K |
| Sep 2025 | $3.6M | $1.1M | $2.6M |
| Aug 2025 | $447K | $2.5M | −$2.1M |
ALMZX Assets Under Management
Net assets of Alger Mid Cap Growth Institutional Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $56.06M |
| 2026-04-30 | $54.41M |
| 2026-01-30 | $54.99M |
| 2025-10-31 | $61.63M |
| 2025-07-31 | $58.28M |
| 2025-04-30 | $50.52M |
| 2025-01-31 | $60.93M |
| 2024-10-31 | $66.50M |
| 2024-07-31 | $65.96M |
| 2024-04-30 | $64.80M |
| 2024-01-31 | $62.14M |
| 2023-10-31 | $54.21M |
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.