Alger Growth & Income A (ALBAX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD
85.53
+0.71 (0.84%)
Sep 3, 2025, 4:00 PM EDT
0.84%
Fund Assets713.90M
Expense Ratio0.95%
Min. Investment$1,000
Turnover1.53%
Dividend (ttm)0.89
Dividend Yield0.99%
Dividend Growth11.72%
Payout FrequencyQuarterly
Ex-Dividend DateJun 12, 2025
Previous Close84.82
YTD Return10.48%
1-Year Return14.23%
5-Year Return97.45%
52-Week Low66.55
52-Week High85.65
Beta (5Y)n/a
Holdings78
Inception DateJan 1, 1997

About ALBAX

Alger Growth & Income Fund Class A is an actively managed mutual fund that focuses on achieving both capital appreciation and current income. As a large blend fund, it primarily invests in a diversified mix of dividend-paying equities and income-generating securities, with at least 65% of its assets allocated to companies that pay dividends. The portfolio holds a significant concentration in leading technology and financial services firms, with top positions in Microsoft, Apple, and JPMorgan Chase, among others. The fund is designed for investors seeking balanced exposure to growth and value stocks, drawing from sectors such as technology, communication services, and consumer cyclical industries. With a history dating back to 1997, the fund has established its role within the U.S. large-cap segment, providing quarterly income distributions to shareholders. Managed with a disciplined approach, Alger Growth & Income Fund Class A aims to deliver a blend of long-term growth potential and regular income, making it a notable choice within the large blend mutual fund category.

Fund Family Alger
Category Large Blend
Stock Exchange NASDAQ
Ticker Symbol ALBAX
Share Class Class A
Index S&P 500 TR

Performance

ALBAX had a total return of 14.23% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.58%.

Equivalent Funds

These are funds that follow the same index from the other major fund companies.

SymbolProviderNameExpense Ratio
FALCXFidelityFidelity Rutland Square Trust II - Strategic Advisers Large Cap Fund0.24%
FLCEXFidelityFidelity Large Cap Core Enhanced Index Fund0.39%
VQNPXVanguardVanguard Growth & Income Inv0.36%
FMGKXFidelityFidelity Magellan K0.40%
FMAGXFidelityFidelity Magellan0.47%

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

SymbolShare ClassExpense Ratio
AGIZXClass Z0.64%
ALBCXClass C1.70%

Top 10 Holdings

45.65% of assets
NameSymbolWeight
Microsoft CorporationMSFT9.45%
Apple Inc.AAPL6.42%
Broadcom Inc.AVGO6.20%
Cashn/a5.34%
JPMorgan Chase & Co.JPM3.92%
KLA CorporationKLAC3.23%
Alphabet Inc.GOOGL3.17%
Amazon.com, Inc.AMZN2.84%
Meta Platforms, Inc.META2.61%
Alphabet Inc.GOOG2.48%
View More Holdings

Dividend History

Ex-DividendAmountPay Date
Jun 12, 2025$0.214Jun 12, 2025
Mar 13, 2025$0.1616Mar 13, 2025
Dec 12, 2024$0.3078Dec 12, 2024
Sep 5, 2024$0.2031Sep 5, 2024
Jun 6, 2024$0.1859Jun 6, 2024
Mar 7, 2024$0.1364Mar 7, 2024
Full Dividend History