Alger Growth & Income Fund Class A (ALBAX)
| Fund Assets | 663.54M |
| Expense Ratio | 0.96% |
| Min. Investment | $1,000 |
| Turnover | 4.29% |
| Dividend (ttm) | 0.83 |
| Dividend Yield | 1.03% |
| Dividend Growth | 0.73% |
| Payout Frequency | Quarterly |
| Ex-Dividend Date | Dec 12, 2024 |
| Previous Close | 76.84 |
| YTD Return | 20.43% |
| 1-Year Return | 20.58% |
| 5-Year Return | 92.32% |
| 52-Week Low | 63.39 |
| 52-Week High | 79.89 |
| Beta (5Y) | n/a |
| Holdings | 79 |
| Inception Date | Jan 1, 1997 |
About ALBAX
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.
Performance
ALBAX had a total return of 20.58% in the past year. Since the fund's inception, the average annual return has been 9.40%, including dividends.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FMGKX | Fidelity | Fidelity Magellan Fund - Class K | 0.35% |
Top 10 Holdings
44.93% of assets| Name | Symbol | Weight |
|---|---|---|
| Microsoft Corporation | MSFT | 9.19% |
| Apple Inc. | AAPL | 7.75% |
| Cash | n/a | 5.84% |
| Broadcom Inc. | AVGO | 5.00% |
| KLA Corporation | KLAC | 3.31% |
| Alphabet Inc. | GOOGL | 3.18% |
| JPMorgan Chase & Co. | JPM | 3.15% |
| Amazon.com, Inc. | AMZN | 2.59% |
| Alphabet Inc. | GOOG | 2.50% |
| UnitedHealth Group Incorporated | UNH | 2.41% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 12, 2024 | $0.3078 | Dec 12, 2024 |
| Sep 5, 2024 | $0.2031 | Sep 5, 2024 |
| Jun 6, 2024 | $0.1859 | Jun 6, 2024 |
| Mar 7, 2024 | $0.1364 | Mar 7, 2024 |
| Dec 14, 2023 | $0.2732 | Dec 14, 2023 |
| Sep 7, 2023 | $0.198 | Sep 7, 2023 |