Alger Growth & Income Fund Class A (ALBAX)
| Fund Assets | 332.81M |
| Expense Ratio | 0.95% |
| Min. Investment | $1,000 |
| Turnover | n/a |
| Dividend (ttm) | 0.86 |
| Dividend Yield | 1.10% |
| Dividend Growth | 5.25% |
| Payout Frequency | Quarterly |
| Ex-Dividend Date | Mar 13, 2025 |
| Previous Close | 74.31 |
| YTD Return | -4.12% |
| 1-Year Return | 7.76% |
| 5-Year Return | 104.06% |
| 52-Week Low | n/a |
| 52-Week High | n/a |
| Beta (5Y) | n/a |
| Holdings | 80 |
| Inception Date | Jan 1, 1997 |
About ALBAX
ALBAX was founded on 1997-01-01. The Fund's investment strategy focuses on Growth & Income with 1.06% total expense ratio. The minimum amount to invest in Alger Funds: Alger Growth & Income Fund; Class A Shares is $1,000 on a standard taxable account. Alger Funds: Alger Growth & Income Fund; Class A Shares seeks current income and long-term capital appreciation by investing in common stocks and fixed income securities, with an emphasis on income-producing securities which appear to have some potential for capital appreciation.
Performance
ALBAX had a total return of 7.76% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.15%.
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 Fund - Class K | 0.40% |
| FMAGX | Fidelity | Fidelity Magellan Fund | 0.47% |
Top 10 Holdings
43.75% of assets| Name | Symbol | Weight |
|---|---|---|
| Microsoft Corporation | MSFT | 8.03% |
| Apple Inc. | AAPL | 7.61% |
| Broadcom Inc. | AVGO | 5.47% |
| Cash | n/a | 4.75% |
| JPMorgan Chase & Co. | JPM | 3.83% |
| Alphabet Inc. | GOOGL | 3.09% |
| KLA Corporation | KLAC | 2.90% |
| Amazon.com, Inc. | AMZN | 2.90% |
| Meta Platforms, Inc. | META | 2.65% |
| Morgan Stanley | MS | 2.51% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| 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 |
| Mar 7, 2024 | $0.1364 | Mar 7, 2024 |
| Dec 14, 2023 | $0.2732 | Dec 14, 2023 |