Alger Balanced Portfolio
Fund
ABLOX
Price as of:
$19.53
- $0.04
- 0.20%
Primary Theme
fund company
Name
As of 04/18/2024Price
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
Vitals
YTD Return
3.2%
1 yr return
15.5%
3 Yr Avg Return
6.2%
5 Yr Avg Return
9.0%
Net Assets
$57.9 M
Holdings in Top 10
31.7%
52 WEEK LOW AND HIGH
$19.6
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.07%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 11.10%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$500,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/18/2024Price
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
ABLOX - Profile
Distributions
- YTD Total Return 3.2%
- 3 Yr Annualized Total Return 6.2%
- 5 Yr Annualized Total Return 9.0%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.88%
- Dividend Yield 1.3%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameAlger Balanced Portfolio
-
Fund Family NameAlger Family of Funds
-
Inception DateSep 05, 2089
-
Shares OutstandingN/A
-
Share ClassI2
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerGregory Adams
Fund Description
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 Portfolio focuses on stocks of companies that the Manager believes demonstrate growth potential and on fixed-income securities, with emphasis on income-producing securities that appear to have potential for capital appreciation. Under normal circumstances, the Portfolio invests in equity securities and in fixed-income securities, which may include corporate bonds, debentures and notes, U.S. Government securities, mortgage-backed and asset-backed securities, commercial paper and other fixed-income securities. Most of the Portfolio’s fixed-income investments will be concentrated within the four highest rating categories as determined by one of the Nationally Recognized Statistical Rating Organizations (“NRSROs”) (or, if unrated, will have been determined to be of comparable quality by the Manager). Under normal circumstances, the Portfolio will invest at least 25% of its net assets in fixed-income securities and at least 25% of its net assets in equity securities.The Portfolio may sell a stock when it reaches a target price, it fails to perform as expected, or other opportunities appear more attractive.The Portfolio 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 financial, information technology, and health care sectors.The Portfolio invests in cash (and cash equivalents) when the Portfolio 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 15% of the Portfolio’s net assets.
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ABLOX - Performance
Return Ranking - Trailing
| Period | ABLOX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 3.2% | -1.9% | 20.7% | 11.61% |
| 1 Yr | 15.5% | -10.3% | 37.1% | 7.27% |
| 3 Yr | 6.2%* | -7.4% | 8.0% | 0.44% |
| 5 Yr | 9.0%* | -4.7% | 13.5% | 5.21% |
| 10 Yr | 8.4%* | 0.4% | 10.6% | 4.05% |
* Annualized
Return Ranking - Calendar
| Period | ABLOX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 15.4% | -12.2% | 23.9% | 7.59% |
| 2022 | -16.3% | -34.7% | 0.0% | 27.67% |
| 2021 | 14.9% | -11.9% | 18.1% | 1.92% |
| 2020 | 8.5% | -20.9% | 39.7% | 42.50% |
| 2019 | 14.9% | 0.8% | 25.7% | 38.79% |
Total Return Ranking - Trailing
| Period | ABLOX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 3.2% | -1.9% | 20.7% | 11.61% |
| 1 Yr | 15.5% | -10.3% | 37.1% | 7.27% |
| 3 Yr | 6.2%* | -7.4% | 8.0% | 0.44% |
| 5 Yr | 9.0%* | -4.7% | 13.5% | 5.21% |
| 10 Yr | 8.4%* | 0.4% | 10.6% | 4.05% |
* Annualized
Total Return Ranking - Calendar
| Period | ABLOX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 17.4% | -12.2% | 26.8% | 13.64% |
| 2022 | -11.3% | -29.0% | 10.9% | 20.11% |
| 2021 | 19.1% | -3.0% | 24.2% | 1.92% |
| 2020 | 10.2% | -19.5% | 40.6% | 71.56% |
| 2019 | 19.5% | 4.4% | 32.7% | 51.99% |
NAV & Total Return History
ABLOX - Holdings
Concentration Analysis
| ABLOX | Category Low | Category High | ABLOX % Rank | |
|---|---|---|---|---|
| Net Assets | 57.9 M | 789 K | 217 B | 89.10% |
| Number of Holdings | 101 | 2 | 15716 | 43.69% |
| Net Assets in Top 10 | 17.8 M | 618 K | 62.8 B | 91.54% |
| Weighting of Top 10 | 31.69% | 11.4% | 121.1% | 67.96% |
Top 10 Holdings
- MICROSOFT CORP 0.00000000 7.24%
- APPLE INC 0.00000000 6.10%
- BROADCOM INC 0.00000000 2.99%
- KLA CORP 0.00000000 2.53%
- ALPHABET INC-CL A 0.00000000 2.40%
- JPMORGAN CHASE CO 0.00000000 2.24%
- CROWN CASTLE INC REGD 3.20000000 2.11%
- UNITEDHEALTH GROUP INC 0.00000000 2.07%
- APPLE INC REGD 1.12500000 2.04%
- ALPHABET INC-CL C 0.00000000 1.97%
Asset Allocation
| Weighting | Return Low | Return High | ABLOX % Rank | |
|---|---|---|---|---|
| Stocks | 69.27% | 0.00% | 103.09% | 49.79% |
| Bonds | 26.35% | 0.00% | 77.27% | 42.72% |
| Other | 2.52% | -42.80% | 117.44% | 13.04% |
| Cash | 1.87% | -10.21% | 100.00% | 41.61% |
| Preferred Stocks | 0.00% | 0.00% | 23.88% | 98.34% |
| Convertible Bonds | 0.00% | 0.00% | 23.84% | 99.72% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | ABLOX % Rank | |
|---|---|---|---|---|
| Technology | 26.66% | 0.00% | 44.21% | 7.00% |
| Healthcare | 14.31% | 0.00% | 29.35% | 40.34% |
| Financial Services | 13.36% | 0.00% | 38.77% | 68.91% |
| Communication Services | 11.77% | 0.00% | 38.10% | 4.90% |
| Consumer Defense | 7.58% | 0.00% | 15.14% | 27.59% |
| Consumer Cyclical | 6.73% | 0.00% | 19.36% | 80.39% |
| Industrials | 6.39% | 0.00% | 24.37% | 93.14% |
| Energy | 4.87% | 0.00% | 85.65% | 47.62% |
| Real Estate | 4.75% | 0.00% | 65.01% | 30.25% |
| Basic Materials | 2.19% | 0.00% | 33.35% | 83.47% |
| Utilities | 1.37% | 0.00% | 99.55% | 85.15% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | ABLOX % Rank | |
|---|---|---|---|---|
| US | 69.27% | 0.00% | 103.09% | 46.46% |
| Non US | 0.00% | 0.00% | 38.68% | 98.34% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | ABLOX % Rank | |
|---|---|---|---|---|
| Corporate | 80.58% | 0.00% | 98.21% | 5.31% |
| Cash & Equivalents | 1.77% | 0.00% | 100.00% | 38.70% |
| Derivative | 0.00% | -3.07% | 46.02% | 86.69% |
| Securitized | 0.00% | 0.00% | 92.13% | 99.86% |
| Municipal | 0.00% | 0.00% | 24.80% | 99.30% |
| Government | 0.00% | 0.00% | 97.26% | 99.72% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | ABLOX % Rank | |
|---|---|---|---|---|
| US | 26.35% | 0.00% | 77.27% | 41.47% |
| Non US | 0.00% | 0.00% | 14.17% | 98.20% |
ABLOX - Expenses
Operational Fees
| ABLOX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.07% | 0.03% | 17.63% | 45.72% |
| Management Fee | 0.71% | 0.00% | 1.83% | 86.34% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | 0.03% | 0.01% | 0.83% | 2.09% |
Sales Fees
| ABLOX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.25% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| ABLOX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.00% | 2.00% | N/A |
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.
| ABLOX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 11.10% | 0.00% | 343.00% | 12.61% |
ABLOX - Distributions
Dividend Yield Analysis
| ABLOX | Category Low | Category High | ABLOX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.34% | 0.00% | 18.10% | 69.10% |
Dividend Distribution Analysis
| ABLOX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Quarterly | Quarterly |
Net Income Ratio Analysis
| ABLOX | Category Low | Category High | ABLOX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.88% | -2.34% | 19.41% | 64.83% |
Capital Gain Distribution Analysis
| ABLOX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 14, 2023 | $0.326 | OrdinaryDividend |
| Dec 15, 2022 | $0.983 | OrdinaryDividend |
| Dec 18, 2018 | $0.721 | OrdinaryDividend |
| Dec 15, 2017 | $0.486 | OrdinaryDividend |
| Dec 14, 2016 | $0.295 | OrdinaryDividend |
| Dec 16, 2015 | $0.304 | OrdinaryDividend |
| Dec 18, 2014 | $0.283 | OrdinaryDividend |
| Dec 18, 2013 | $0.157 | OrdinaryDividend |
| Dec 18, 2012 | $0.001 | OrdinaryDividend |
| May 08, 2012 | $0.162 | OrdinaryDividend |
| May 11, 2011 | $0.325 | OrdinaryDividend |
| May 12, 2010 | $0.278 | OrdinaryDividend |
| May 13, 2009 | $0.309 | OrdinaryDividend |
| May 17, 2005 | $0.227 | OrdinaryDividend |
| May 19, 2004 | $0.196 | OrdinaryDividend |
| May 30, 2003 | $0.257 | OrdinaryDividend |
| May 30, 2002 | $0.197 | OrdinaryDividend |
| May 29, 2001 | $0.198 | OrdinaryDividend |
| May 24, 2000 | $0.132 | OrdinaryDividend |
| May 06, 1999 | $0.166 | OrdinaryDividend |
ABLOX - Fund Manager Analysis
Managers
Gregory Adams
Start Date
Tenure
Tenure Rank
Feb 28, 2013
9.26
9.3%
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 |
|---|---|---|---|
| 0.08 | 34.51 | 6.34 | 2.41 |