Alger Growth & Income Fund Class C (ALBCX)
| Fund Assets | 694.29M |
| Expense Ratio | 1.70% |
| Min. Investment | $1,000 |
| Turnover | 1.53% |
| Dividend (ttm) | 0.31 |
| Dividend Yield | 0.39% |
| Dividend Growth | -6.69% |
| Payout Frequency | Quarterly |
| Ex-Dividend Date | Jun 12, 2025 |
| Previous Close | 79.58 |
| YTD Return | 4.55% |
| 1-Year Return | 11.35% |
| 5-Year Return | 106.87% |
| 52-Week Low | 65.40 |
| 52-Week High | 79.97 |
| Beta (5Y) | 0.88 |
| 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 11.35% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.41%.
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
43.34% of assets| Name | Symbol | Weight |
|---|---|---|
| Microsoft Corporation | MSFT | 8.55% |
| Apple Inc. | AAPL | 7.15% |
| Broadcom Inc. | AVGO | 5.19% |
| Dreyfus Treasury Obligations Cash Management | DTRXX | 4.93% |
| JPMorgan Chase & Co. | JPM | 3.82% |
| KLA Corporation | KLAC | 3.16% |
| Alphabet Inc. | GOOGL | 3.08% |
| Amazon.com, Inc. | AMZN | 2.70% |
| Alphabet Inc. | GOOG | 2.43% |
| Meta Platforms, Inc. | META | 2.33% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| 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 |
| Mar 7, 2024 | $0.0482 | Mar 7, 2024 |