Alger Growth & Income Z (AGIZX)
| Fund Assets | 713.90M |
| Expense Ratio | 0.64% |
| Min. Investment | $500,000 |
| Turnover | 1.53% |
| Dividend (ttm) | 1.13 |
| Dividend Yield | 1.32% |
| Dividend Growth | 14.86% |
| Payout Frequency | Quarterly |
| Ex-Dividend Date | Jun 12, 2025 |
| Previous Close | 85.80 |
| YTD Return | 10.18% |
| 1-Year Return | 14.06% |
| 5-Year Return | 99.47% |
| 52-Week Low | 66.64 |
| 52-Week High | 85.80 |
| Beta (5Y) | n/a |
| Holdings | 78 |
| Inception Date | Mar 1, 2012 |
About AGIZX
The Alger Growth & Income Fund Class Z is an actively managed mutual fund designed to provide investors with both capital appreciation and current income. The fund primarily invests at least 65% of its assets in dividend-paying equity securities, blending exposure to established growth companies with income-generating stocks. This dual focus targets investors seeking a mix of growth potential and income stability within a large blend strategy, spanning sectors such as technology, financial services, and industrials. Notable holdings include major technology firms and blue-chip corporations, highlighting its emphasis on companies with strong cash flow and dividend histories. The fund maintains a modest turnover rate and a competitive expense structure, catering mainly to institutional investors with a high minimum initial investment. With a significant portion of assets concentrated in its top holdings, the fund aims to capitalize on both the upward trajectory of market leaders and the steady returns of dividend payers. The Alger Growth & Income Fund Class Z thus plays a notable role for investors seeking balanced exposure to growth and income opportunities within the U.S. equity market.
Performance
AGIZX had a total return of 14.06% in the past year, including dividends. Since the fund's inception, the average annual return has been 13.54%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
Top 10 Holdings
45.65% of assets| Name | Symbol | Weight |
|---|---|---|
| Microsoft Corporation | MSFT | 9.45% |
| Apple Inc. | AAPL | 6.42% |
| Broadcom Inc. | AVGO | 6.20% |
| Cash | n/a | 5.34% |
| JPMorgan Chase & Co. | JPM | 3.92% |
| KLA Corporation | KLAC | 3.23% |
| Alphabet Inc. | GOOGL | 3.17% |
| Amazon.com, Inc. | AMZN | 2.84% |
| Meta Platforms, Inc. | META | 2.61% |
| Alphabet Inc. | GOOG | 2.48% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 12, 2025 | $0.2725 | Jun 12, 2025 |
| Mar 13, 2025 | $0.2086 | Mar 13, 2025 |
| Dec 12, 2024 | $0.3953 | Dec 12, 2024 |
| Sep 5, 2024 | $0.2531 | Sep 5, 2024 |
| Jun 6, 2024 | $0.2354 | Jun 6, 2024 |
| Mar 7, 2024 | $0.1725 | Mar 7, 2024 |