Alger Balanced I-2 (ABLOX)
| Fund Assets | 63.41M |
| Expense Ratio | 1.03% |
| Min. Investment | $500,000 |
| Turnover | 12.82% |
| Dividend (ttm) | 0.04 |
| Dividend Yield | 0.19% |
| Dividend Growth | -87.48% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 12, 2024 |
| Previous Close | 25.08 |
| YTD Return | 13.43% |
| 1-Year Return | 15.25% |
| 5-Year Return | 77.47% |
| 52-Week Low | 19.88 |
| 52-Week High | 25.09 |
| Beta (5Y) | 0.66 |
| Holdings | 110 |
| Inception Date | Sep 8, 1989 |
About ABLOX
The manager 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.
Performance
ABLOX had a total return of 15.25% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.25%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FFLEX | Fidelity | Fidelity Freedom Index 2060 Fund - Institutional Premium Class | 0.08% |
Top 10 Holdings
33.07% of assets| Name | Symbol | Weight |
|---|---|---|
| Microsoft Corporation | MSFT | 7.68% |
| Broadcom Inc. | AVGO | 5.14% |
| Apple Inc. | AAPL | 4.64% |
| JPMorgan Chase & Co. | JPM | 2.97% |
| KLA Corporation | KLAC | 2.71% |
| Alphabet Inc. | GOOGL | 2.26% |
| Amazon.com, Inc. | AMZN | 2.21% |
| Morgan Stanley | MS | 1.87% |
| Meta Platforms, Inc. | META | 1.83% |
| Alphabet Inc. | GOOG | 1.76% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 12, 2024 | $0.0408 | Dec 12, 2024 |
| Dec 14, 2023 | $0.3259 | Dec 14, 2023 |
| Dec 15, 2022 | $0.9828 | Dec 15, 2022 |
| Dec 16, 2021 | $1.2707 | Dec 16, 2021 |
| Dec 16, 2020 | $0.2646 | Dec 16, 2020 |
| Dec 18, 2019 | $0.6212 | Dec 18, 2019 |