ABLOX: Alger Balanced I-2

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ABLOX Alger Balanced I-2


Profile

ABLOX - Profile

Vitals

  • YTD Return -0.2%
  • 3 Yr Annualized Return -0.7%
  • 5 Yr Annualized Return 1.1%
  • Net Assets $49 M
  • Holdings in Top 10 34.8%

52 WEEK LOW AND HIGH

$15.68
$14.41
$16.21

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.14%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 5.04%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Allocation--50% to 70% Equity

Distributions

  • YTD Total Return -0.2%
  • 3 Yr Annualized Total Return 0.2%
  • 5 Yr Annualized Total Return 2.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.61%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Alger Balanced Portfolio Fund
  • Fund Family Name
    Alger
  • Inception Date
    Sep 05, 1989
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Gregory Adams

Fund Description

The fund focuses on stocks of companies that the advisor believes demonstrate growth potential and on fixed-income securities, with emphasis on income-producing securities that appear to have potential for capital appreciation. It normally 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 fund also may invest up to 10% of its net assets in lower-rated securities, rated "B" (or the equivalent) or better by any one of those rating agencies (or, if unrated, determined to be of comparable quality by the advisor).


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Categories

Performance

ABLOX - Performance

Return Ranking - Trailing

Period ABLOX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.2% -14.8% 15.9% 68.19%
1 Yr 8.1% -41.8% 35.9% 17.77%
3 Yr -0.7%* -35.1% 11.1% 79.57%
5 Yr 1.1%* -38.4% 7.9% 31.94%
10 Yr 3.8%* -38.1% 16.4% 38.79%

* Annualized

Return Ranking - Calendar

Period ABLOX Return Category Return Low Category Return High Rank in Category (%)
2019 14.9% -50.4% 46.8% 24.02%
2018 -20.5% -31.8% 19.0% 96.30%
2017 12.3% -44.7% 46.3% 6.92%
2016 6.5% -84.5% 146.1% 19.64%
2015 -0.6% -40.7% 14.6% 3.62%

Total Return Ranking - Trailing

Period ABLOX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.2% -14.8% 15.9% 68.19%
1 Yr 8.1% -41.8% 35.9% 17.77%
3 Yr 0.2%* -35.1% 11.1% 84.80%
5 Yr 2.4%* -38.4% 8.7% 58.47%
10 Yr 5.5%* -38.1% 17.3% 57.94%

* Annualized

Total Return Ranking - Calendar

Period ABLOX Return Category Return Low Category Return High Rank in Category (%)
2019 14.9% -50.4% 46.8% 24.02%
2018 -20.5% -27.4% 19.0% 97.53%
2017 15.5% -44.7% 46.3% 7.64%
2016 8.5% -84.5% 146.1% 23.90%
2015 1.5% -36.9% 14.6% 5.56%

NAV & Total Return History


Holdings

ABLOX - Holdings

Concentration Analysis

ABLOX Category Low Category High ABLOX % Rank
Net Assets 49 M 178 K 161 B 80.15%
Number of Holdings 90 2 13810 56.93%
Net Assets in Top 10 16.9 M -39.4 M 33.7 B 81.38%
Weighting of Top 10 34.80% 9.4% 100.0% 51.52%

Top 10 Holdings

  1. Microsoft Corp 5.41%
  2. HP Inc 4.38% 4.30%
  3. Campbell Soup Company 2.5% 4.19%
  4. John Deere Capital Corporation 2.75% 3.69%
  5. Altera Corporation 4.1% 3.34%
  6. Apple Inc 3.25%
  7. Verizon Communications Inc. 5.15% 3.01%
  8. JPMorgan Chase & Co 2.96%
  9. Apple Inc. 1.8% 2.47%
  10. JPMorgan Chase & Co. 4.35% 2.17%

Asset Allocation

Weighting Return Low Return High ABLOX % Rank
Stocks
62.47% -41.01% 78.71% 17.67%
Bonds
27.47% -3.79% 78.41% 81.48%
Cash
10.05% -102.09% 77.18% 22.43%
Preferred Stocks
0.00% 0.00% 44.10% 82.01%
Other
0.00% -41.44% 154.72% 79.26%
Convertible Bonds
0.00% -0.84% 52.57% 87.20%

Stock Sector Breakdown

Weighting Return Low Return High ABLOX % Rank
Technology
20.64% 0.00% 72.78% 17.53%
Financial Services
15.33% 0.00% 67.69% 66.37%
Healthcare
14.27% 0.00% 61.80% 36.60%
Communication Services
10.82% 0.00% 32.16% 10.14%
Consumer Cyclical
9.17% 0.00% 32.07% 54.24%
Industrials
8.83% 0.00% 99.44% 71.33%
Consumer Defense
7.65% 0.00% 25.21% 43.11%
Energy
5.32% 0.00% 100.00% 38.70%
Real Estate
4.69% -2.05% 100.00% 38.59%
Basic Materials
1.75% 0.00% 100.00% 79.93%
Utilities
1.51% 0.00% 100.00% 77.51%

Stock Geographic Breakdown

Weighting Return Low Return High ABLOX % Rank
US
59.88% -41.02% 77.06% 10.90%
Non US
2.59% -2.63% 32.14% 64.97%

Bond Sector Breakdown

Weighting Return Low Return High ABLOX % Rank
Corporate
73.21% 0.00% 100.00% 11.53%
Cash & Equivalents
26.79% -3.87% 100.00% 19.89%
Derivative
0.00% -3.25% 55.67% 71.01%
Securitized
0.00% 0.00% 58.89% 89.63%
Municipal
0.00% 0.00% 99.77% 76.30%
Government
0.00% -0.45% 93.76% 95.13%

Bond Geographic Breakdown

Weighting Return Low Return High ABLOX % Rank
US
25.34% -5.05% 84.24% 79.79%
Non US
2.13% -12.68% 26.09% 69.31%

Expenses

ABLOX - Expenses

Operational Fees

ABLOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.14% 0.02% 18.45% 45.27%
Management Fee 0.71% 0.00% 2.00% 70.97%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.03% 0.01% 0.83% 1.51%

Sales Fees

ABLOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

ABLOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 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 5.04% 0.00% 574.00% 8.12%

Distributions

ABLOX - Distributions

Dividend Yield Analysis

ABLOX Category Low Category High ABLOX % Rank
Dividend Yield 0.00% 0.00% 9.55% 79.68%

Dividend Distribution Analysis

ABLOX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Monthly Annually

Net Income Ratio Analysis

ABLOX Category Low Category High ABLOX % Rank
Net Income Ratio 1.61% -4.40% 6.65% 59.51%

Capital Gain Distribution Analysis

ABLOX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

ABLOX - Fund Manager Analysis

Managers

Gregory Adams


Start Date

Tenure

Tenure Rank

Feb 28, 2013

6.93

6.9%

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
0.01 36.11 6.65 0.08