Alger Growth & Income C (ALBCX)
| Fund Assets | 766.67M |
| Expense Ratio | 1.70% |
| Min. Investment | $1,000 |
| Turnover | 1.53% |
| Dividend (ttm) | 0.31 |
| Dividend Yield | 0.35% |
| Dividend Growth | -18.13% |
| Payout Frequency | Quarterly |
| Ex-Dividend Date | Sep 11, 2025 |
| Previous Close | 87.85 |
| YTD Return | 16.30% |
| 1-Year Return | 17.51% |
| 5-Year Return | 98.77% |
| 52-Week Low | 65.33 |
| 52-Week High | 90.81 |
| Beta (5Y) | 0.87 |
| Holdings | 79 |
| Inception Date | Aug 1, 1997 |
About ALBCX
Alger Growth & Income Fund Class C is a mutual fund designed to provide both capital appreciation and current income. The fund primarily invests at least 65% of its assets in dividend-paying stocks, seeking a balance between growth-oriented equities and income-generating investments. It also has the flexibility to hold fixed income securities, allowing it to adapt to varying market conditions while still emphasizing income potential alongside capital growth. With a portfolio typically containing around 80 holdings, the fund spans diverse sectors and industries, offering broad market exposure and risk management. Launched in 1997, Alger Growth & Income Fund Class C has established itself within the Growth & Income category, aiming for a risk-return profile often comparable to major market benchmarks such as the S&P 500 Index. The fund distributes dividends quarterly and is suitable for investors seeking a blend of growth and income within a single diversified product.
Performance
ALBCX had a total return of 17.51% in the past year, including dividends. Since the fund's inception, the average annual return has been 11.04%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
Top 10 Holdings
46.61% of assets| Name | Symbol | Weight |
|---|---|---|
| Microsoft Corporation | MSFT | 9.74% |
| Broadcom Inc. | AVGO | 7.19% |
| Apple Inc. | AAPL | 6.95% |
| JPMorgan Chase & Co. | JPM | 4.05% |
| Alphabet Inc. | GOOGL | 3.68% |
| KLA Corporation | KLAC | 3.52% |
| Amazon.com, Inc. | AMZN | 3.13% |
| Alphabet Inc. | GOOG | 2.89% |
| Meta Platforms, Inc. | META | 2.81% |
| Morgan Stanley | MS | 2.65% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Sep 11, 2025 | $0.0139 | Sep 11, 2025 |
| Jun 12, 2025 | $0.070 | Jun 12, 2025 |
| Mar 13, 2025 | $0.046 | Mar 13, 2025 |
| Dec 12, 2024 | $0.1261 | Dec 12, 2024 |
| Sep 5, 2024 | $0.0677 | Sep 5, 2024 |
| Jun 6, 2024 | $0.0589 | Jun 6, 2024 |