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Trending ETFs

Name

As of 03/26/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$68.60

$314 M

1.59%

$1.09

0.96%

Vitals

YTD Return

6.9%

1 yr return

29.1%

3 Yr Avg Return

11.3%

5 Yr Avg Return

14.9%

Net Assets

$314 M

Holdings in Top 10

40.4%

52 WEEK LOW AND HIGH

$68.8
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.96%

SALES FEES

Front Load 5.25%

Deferred Load N/A

TRADING FEES

Turnover 8.40%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000

IRA

$500


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/26/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$68.60

$314 M

1.59%

$1.09

0.96%

ALBAX - Profile

Distributions

  • YTD Total Return 6.9%
  • 3 Yr Annualized Total Return 11.3%
  • 5 Yr Annualized Total Return 14.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.15%
DIVIDENDS
  • Dividend Yield 1.6%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Alger Growth & Income Fund
  • Fund Family Name
    Alger Family of Funds
  • Inception Date
    Dec 31, 2096
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Gregory Adams

Fund Description

Fred Alger Management, LLC (the “Manager”) believes companies undergoing Positive Dynamic Change offer the best opportunities. Positive Dynamic Change refers to companies realizing High Unit Volume Growth or companies undergoing Positive Lifecycle Change. High Unit Volume Growth companies are traditional growth companies experiencing, for example, rapidly growing demand or market dominance. Positive Lifecycle Change companies are, for example, companies benefitting from new regulations, a new product innovation or new management.The Fund invests primarily in equity securities such as common or preferred stocks which the Manager believes offer opportunities for capital appreciation and which also pay dividends. In considering such companies, the Manager classifies them into three categories: Dividend Leaders – companies that generate high dividend yields; Dividend Growers – companies that have a history of strong and consistent dividend growth; and Kings of Cash Flow – companies that have strong potential for generating capital appreciation and the ability to return significant amounts of cash to investors as a result of their free cash flow. The Fund intends to invest at least 65% of its total assets in dividend paying equity securities. The Fund may invest up to 35% of its total assets in equity securities that do not pay dividends or in money market instruments and repurchase agreements. The Fund focuses on growing companies that, at the time of purchase of the securities, have a market capitalization equal to or greater than the market capitalization of companies included in the S&P 500 Index, as reported by the index as of the most recent quarter-end. This index is designed to track the performance of large-capitalization stocks. At December 31, 2023, the market capitalization of the companies in this index ranged from $6.5 billion to $3 trillion.The Fund may invest a significant portion of its assets in securities of companies conducting business within a single sector, as defined by third party sources, including the information technology, health care, and financials sectors.The Fund may sell a stock when it reaches a target price, it fails to perform as expected, or other opportunities appear more attractive.The Fund invests in cash (and cash equivalents) when the Fund is unable to find enough attractive long-term investments to meet its investment objective, to meet redemptions and/or when the Manager believes it is advisable to do so during times of short-term market volatility. During these times, cash (and cash equivalents) will not exceed 35% of the Fund’s net assets.
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ALBAX - Performance

Return Ranking - Trailing

Period ALBAX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.9% 0.4% 17.9% 83.31%
1 Yr 29.1% 3.1% 55.0% 68.50%
3 Yr 11.3%* -9.6% 31.7% 24.05%
5 Yr 14.9%* -7.9% 109.6% 25.13%
10 Yr 12.0%* 0.4% 20.9% 36.79%

* Annualized

Return Ranking - Calendar

Period ALBAX Return Category Return Low Category Return High Rank in Category (%)
2023 21.3% -42.6% 47.4% 36.12%
2022 -15.1% -56.3% -4.2% 10.14%
2021 25.3% -27.2% 53.7% 13.23%
2020 12.1% -36.2% 2181.7% 45.28%
2019 22.6% -22.7% 40.4% 53.36%

Total Return Ranking - Trailing

Period ALBAX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.9% 0.4% 17.9% 83.31%
1 Yr 29.1% 3.1% 55.0% 68.50%
3 Yr 11.3%* -9.6% 31.7% 24.05%
5 Yr 14.9%* -7.9% 109.6% 25.13%
10 Yr 12.0%* 0.4% 20.9% 36.79%

* Annualized

Total Return Ranking - Calendar

Period ALBAX Return Category Return Low Category Return High Rank in Category (%)
2023 23.0% -5.0% 47.4% 57.36%
2022 -14.1% -36.8% -2.2% 21.15%
2021 30.7% 3.0% 124.3% 8.85%
2020 15.2% -15.8% 2266.0% 60.29%
2019 28.9% -0.4% 241.3% 61.13%

NAV & Total Return History


ALBAX - Holdings

Concentration Analysis

ALBAX Category Low Category High ALBAX % Rank
Net Assets 314 M 2.59 M 1.55 T 72.40%
Number of Holdings 80 1 4053 59.11%
Net Assets in Top 10 129 M 885 K 387 B 70.76%
Weighting of Top 10 40.37% 0.3% 112.0% 21.82%

Top 10 Holdings

  1. MICROSOFT CORP 0.00000000 9.80%
  2. APPLE INC 0.00000000 8.22%
  3. BROADCOM INC 0.00000000 3.34%
  4. ALPHABET INC-CL A 0.00000000 3.23%
  5. UNITEDHEALTH GROUP INC 0.00000000 3.01%
  6. JPMORGAN CHASE CO 0.00000000 2.82%
  7. KLA CORP 0.00000000 2.76%
  8. ALPHABET INC-CL C 0.00000000 2.58%
  9. AMAZON.COM INC 0.00000000 2.35%
  10. HOME DEPOT INC 0.00000000 2.25%

Asset Allocation

Weighting Return Low Return High ALBAX % Rank
Stocks
91.41% 0.00% 124.03% 95.47%
Cash
5.32% 0.00% 99.06% 7.58%
Other
3.26% -13.91% 100.00% 3.05%
Preferred Stocks
0.00% 0.00% 2.38% 36.98%
Convertible Bonds
0.00% 0.00% 5.54% 33.25%
Bonds
0.00% -0.50% 94.15% 38.08%

Stock Sector Breakdown

Weighting Return Low Return High ALBAX % Rank
Technology
26.66% 0.00% 48.94% 16.31%
Healthcare
14.42% 0.00% 60.70% 51.07%
Financial Services
13.43% 0.00% 55.59% 48.85%
Communication Services
11.05% 0.00% 27.94% 11.38%
Consumer Defense
7.72% 0.00% 47.71% 28.16%
Consumer Cyclical
6.70% 0.00% 30.33% 88.78%
Industrials
6.41% 0.00% 29.90% 92.68%
Energy
4.95% 0.00% 41.64% 25.78%
Real Estate
4.92% 0.00% 31.91% 7.48%
Basic Materials
2.26% 0.00% 25.70% 71.52%
Utilities
1.46% 0.00% 20.91% 74.94%

Stock Geographic Breakdown

Weighting Return Low Return High ALBAX % Rank
US
91.41% 0.00% 124.03% 88.51%
Non US
0.00% 0.00% 62.81% 47.93%

ALBAX - Expenses

Operational Fees

ALBAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.96% 0.01% 16.07% 38.79%
Management Fee 0.50% 0.00% 1.89% 46.74%
12b-1 Fee 0.25% 0.00% 1.00% 40.41%
Administrative Fee 0.03% 0.00% 0.85% 3.98%

Sales Fees

ALBAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.25% 1.00% 5.75% 66.44%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

ALBAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.25% 2.00% 5.76%

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

ALBAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 8.40% 0.00% 496.00% 20.98%

ALBAX - Distributions

Dividend Yield Analysis

ALBAX Category Low Category High ALBAX % Rank
Dividend Yield 1.59% 0.00% 25.03% 53.68%

Dividend Distribution Analysis

ALBAX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annual Monthly Annual

Net Income Ratio Analysis

ALBAX Category Low Category High ALBAX % Rank
Net Income Ratio 1.15% -54.00% 6.06% 23.22%

Capital Gain Distribution Analysis

ALBAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Monthly Annually

Distributions History

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ALBAX - Fund Manager Analysis

Managers

Gregory Adams


Start Date

Tenure

Tenure Rank

Apr 01, 2012

10.17

10.2%

Greg Adams, CFA is Senior Vice President, Portfolio Manager of the Alger Dynamic Opportunities strategy, the Alger Responsible Investing Fund, the Alger Growth and Income strategy, and Director of Quantitative & Risk Management. Greg joined Alger in 2006 and has 32 years of experience. Previously, he was Director of Quantitative Research at Lord Abbett & Co., and was responsible for portfolio construction simulation and quantitative stock selection. Over the course of his career, Greg was Managing Director and Portfolio Manager at Deutsche Asset Management and The Chase Manhattan Bank. At Deutsche, where he managed over $10 billion in assets, he was the lead Portfolio Manager for the U.S. Large Cap Core Funds, including Scudder’s flagship Growth & Income Fund. Greg began his tenure at Chase in 1987 as an equity analyst and was promoted to Co‐Manager of the Chase Vista Balanced Fund and the Chase Vista Growth & Income Fund, managing over $2 billion during his tenure. In 1994, Greg was named Manager of the Chase Vista Large Cap Equity Fund. Greg earned a B.A. in American History from the University of Pennsylvania’s School of Arts & Sciences and a B.S. in Economics and Finance from The Wharton School. Greg is a CFA charterholder and a member of the CFA Institute.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 39.02 7.21 2.42