Alger Growth & Income Fund Class A (ALBAX)
| Fund Assets | 807.71M |
| Expense Ratio | 0.95% |
| Min. Investment | $1,000 |
| Turnover | 1.53% |
| Dividend (ttm) | 0.55 |
| Dividend Yield | 0.56% |
| Dividend Growth | 6.86% |
| Payout Frequency | Quarterly |
| Ex-Dividend Date | Sep 11, 2025 |
| Previous Close | 97.01 |
| YTD Return | 13.67% |
| 1-Year Return | 10.15% |
| 5-Year Return | 99.80% |
| 52-Week Low | 69.93 |
| 52-Week High | 99.35 |
| Beta (5Y) | n/a |
| Holdings | 79 |
| Inception Date | Jan 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.
Performance
ALBAX had a total return of 10.15% in the past year, including dividends. Since the fund's inception, the average annual return has been 13.08%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FALCX | Fidelity | Fidelity Rutland Square Trust II - Strategic Advisers Large Cap Fund | 0.24% |
| FLCEX | Fidelity | Fidelity Large Cap Core Enhanced Index Fund | 0.39% |
| VQNPX | Vanguard | Vanguard Growth and Income Fund Investor Shares | 0.36% |
| FMGKX | Fidelity | Fidelity Magellan K | 0.40% |
| FMAGX | Fidelity | Fidelity Magellan Fund | 0.47% |
Top 10 Holdings
48.17% of assets| Name | Symbol | Weight |
|---|---|---|
| Microsoft Corporation | MSFT | 9.55% |
| Broadcom Inc. | AVGO | 7.65% |
| Apple Inc. | AAPL | 7.30% |
| KLA Corporation | KLAC | 4.17% |
| JPMorgan Chase & Co. | JPM | 4.06% |
| Alphabet, Inc. | GOOGL | 4.02% |
| Alphabet Inc. | GOOG | 3.16% |
| Amazon.com, Inc. | AMZN | 2.88% |
| Morgan Stanley | MS | 2.69% |
| Meta Platforms, Inc. | META | 2.68% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Sep 11, 2025 | $0.170 | Sep 11, 2025 |
| Jun 12, 2025 | $0.214 | Jun 12, 2025 |
| Mar 13, 2025 | $0.1616 | Mar 13, 2025 |
| Dec 12, 2024 | $0.3078 | Dec 12, 2024 |
| Sep 5, 2024 | $0.2031 | Sep 5, 2024 |
| Jun 6, 2024 | $0.1859 | Jun 6, 2024 |