Alger Growth & Income A (ALBAX)
55.79
+0.02 (+0.04%)
USD |
Aug 05 2022
Returns Chart
Key Stats
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| Expense Ratio | Total Assets Under Management | Dividend Yield | Turnover Ratio |
|---|---|---|---|
| 0.98% | 231.36M | 0.94% | 8.40% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized All Time Total Returns (Daily) | Max Drawdown (All) |
| 72.77M | -2.42% | Upgrade | Upgrade |
Basic Info
| Investment Strategy | |
| The investment seeks to provide capital appreciation and current income. The advisor 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 advisor 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. |
| General | |
| Security Type | Mutual Fund |
| Oldest Share Symbol | ALBAX |
| Equity Style | Large Cap/Blend |
| Fixed Income Style | -- |
| Broad Asset Class | US Equity |
| Broad Category | Equity |
| Category Name | Large Blend |
| Category Index | Russell 1000 TR USD |
| Prospectus Objective | Growth and Income |
| Fund Owner Firm Name | Alger |
| Prospectus Benchmark Index | |
| S&P 500 TR USD | 100.0% |
| Broad Asset Class Benchmark Index | |
| ^SPXTR | 100.0% |
| Manager Tenure | |
| Gregory Adams | 10.25 yrs |
Net Fund Flows Versus Category
1 Month
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Category High
1 Year
% Rank:
20
72.77M
-21.21B
Category Low
44.66B
Category High
3 Months
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3 Years
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6 Months
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5 Years
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YTD
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10 Years
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As of July 31, 2022
Performance Versus Category
As of August 05, 2022. Returns for periods of 1 year and above are annualized.
Annual Total Returns Versus Peers
As of August 05, 2022.
Asset Allocation
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
| Microsoft Corp | 7.93% | 282.91 | -0.26% |
| Apple Inc | 7.52% | 165.35 | -0.28% |
| UnitedHealth Group Inc | 2.93% | 535.06 | 0.25% |
| Alphabet Inc Class A | 2.88% | 117.47 | -0.61% |
| JPMorgan Chase & Co | 2.71% | 115.76 | 3.03% |
| Broadcom Inc | 2.49% | 551.44 | -0.25% |
| Alphabet Inc Class C | 2.48% | 118.22 | -0.55% |
| KLA Corp | 2.47% | 395.74 | -0.42% |
| The Home Depot Inc | 2.39% | 309.69 | 0.82% |
| Morgan Stanley | 2.23% | 86.13 | 0.90% |
Basic Info
| Investment Strategy | |
| The investment seeks to provide capital appreciation and current income. The advisor 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 advisor 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. |
| General | |
| Security Type | Mutual Fund |
| Oldest Share Symbol | ALBAX |
| Equity Style | Large Cap/Blend |
| Fixed Income Style | -- |
| Broad Asset Class | US Equity |
| Broad Category | Equity |
| Category Name | Large Blend |
| Category Index | Russell 1000 TR USD |
| Prospectus Objective | Growth and Income |
| Fund Owner Firm Name | Alger |
| Prospectus Benchmark Index | |
| S&P 500 TR USD | 100.0% |
| Broad Asset Class Benchmark Index | |
| ^SPXTR | 100.0% |
| Manager Tenure | |
| Gregory Adams | 10.25 yrs |
Fundamentals
| General | |
| Distribution Yield | Upgrade |
| Dividend Yield TTM (8-5-22) | 0.94% |
| 30-Day SEC Yield (1-29-21) | Upgrade |
| 7-Day SEC Yield (7-29-22) | Upgrade |
| Number of Holdings | Upgrade |
| Stock | |
| Weighted Average PE Ratio | 19.40 |
| Weighted Average Price to Sales Ratio | Upgrade |
| Weighted Average Price to Book Ratio | Upgrade |
| Weighted Median ROE | Upgrade |
| Weighted Median ROA | Upgrade |
| Forecasted Dividend Yield | Upgrade |
| Forecasted PE Ratio | Upgrade |
| Forecasted Price to Sales Ratio | Upgrade |
| Forecasted Price to Book Ratio | Upgrade |
As of May 31, 2022
Growth Estimates
Fund Details
| Key Dates | |
| Inception Date | 12/31/1996 |
| Last Annual Report Date | 10/31/2021 |
| Last Prospectus Date | 3/1/2022 |
| Share Classes | |
| AGIZX | Inst |
| ALBCX | C |
| Attributes | |
| Enhanced Index Fund | No |
| Index Fund | No |
| Inverse Fund | No |
| Leveraged Fund | No |
| Fund of Funds | No |
| Currency Hedged Fund | No |
| Synthetic Replication Fund | No |
| Has Dividend Investment Plan | No |
| Socially Responsible Fund | No |