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Alger Balanced Portfolio Fund (ABLOX)

Mutual Fund · Currency in USD · Last updated Jun 2, 2023

The manager focuses on stocks of companies that the advisor believes demonstrate growth potential and on fixed-income securities, with emphasis on income-producing securities that appear to have potential for capital appreciation. It normally will invest at least 25% of its net assets in fixed-income securities and at least 25% of its net assets in equity securities. The fund also may invest up to 10% of its net assets in lower-rated securities, rated "B" (or the equivalent) or better by any one of those rating agencies.

Fund Info

ISINUS0155442082
IssuerAlger
Inception DateSep 4, 1989
CategoryDiversified Portfolio
Minimum Investment$500,000
Asset ClassMulti-Asset

Asset Class Size

Large-Cap

Asset Class Style

Blend

Expense Ratio

The Alger Balanced Portfolio Fund has a high expense ratio of 1.04%, indicating higher-than-average management fees.


1.04%
0.00%2.15%

Share Price Chart


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Performance

The chart shows the growth of an initial investment of $10,000 in Alger Balanced Portfolio Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


-8.00%-6.00%-4.00%-2.00%0.00%2.00%4.00%6.00%2023FebruaryMarchAprilMayJune
3.18%
3.66%
ABLOX (Alger Balanced Portfolio Fund)
Benchmark (^GSPC)

S&P 500

Compare to other instruments

Search for stocks, ETFs, and funds to compare with ABLOX

Alger Balanced Portfolio Fund

Return

Alger Balanced Portfolio Fund had a return of 6.65% year-to-date (YTD) and 3.24% in the last 12 months. Over the past 10 years, Alger Balanced Portfolio Fund had an annualized return of 7.92%, while the S&P 500 had an annualized return of 9.92%, indicating that Alger Balanced Portfolio Fund did not perform as well as the benchmark.


PeriodReturnBenchmark
1 month1.57%2.46%
Year-To-Date6.65%9.94%
6 months3.06%3.54%
1 year3.24%2.92%
5 years (annualized)7.54%9.08%
10 years (annualized)7.92%9.92%

Monthly Returns Heatmap


JanFebMarAprMayJunJulAugSepOctNovDec
20233.29%-2.30%2.96%1.82%0.23%
20224.97%-3.36%

Risk-Adjusted Performance

This table presents a comparison of risk-adjusted performance metrics for Alger Balanced Portfolio Fund (ABLOX) and S&P 500 (^GSPC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.


Sharpe ratioSortino ratioOmega ratioCalmar ratioUlcer Index
ABLOX
Alger Balanced Portfolio Fund
0.17
^GSPC
S&P 500
0.10

Sharpe Ratio Chart

The Sharpe ratio shows whether the portfolio's excess returns are due to smart investment decisions or a result of taking a higher risk. The higher a portfolio's Sharpe ratio, the better its risk-adjusted performance.

The current Alger Balanced Portfolio Fund Sharpe ratio is 0.17. A Sharpe ratio between 0 and 1.0 is considered sub-optimal.

The chart below displays rolling 12-month Sharpe Ratio.


-0.80-0.60-0.40-0.200.000.200.402023FebruaryMarchAprilMayJune
0.17
0.10
ABLOX (Alger Balanced Portfolio Fund)
Benchmark (^GSPC)

Dividend History

Alger Balanced Portfolio Fund granted a 5.62% dividend yield in the last twelve months. The annual payout for that period amounted to $0.98 per share.


PeriodTTM20222021202020192018201720162015201420132012
Dividend$0.98$0.98$0.71$0.26$0.62$2.98$0.49$0.30$0.30$0.28$0.16$0.16

Dividend yield

5.62%5.99%3.86%1.70%4.41%25.23%3.99%2.79%3.13%2.95%1.79%2.13%

Monthly Dividends

The table displays the monthly dividend distributions for Alger Balanced Portfolio Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDec
2023$0.00$0.00$0.00$0.00$0.00
2022$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.98
2021$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.71
2020$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.26
2019$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.62
2018$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$2.98
2017$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.49
2016$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.30
2015$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.30
2014$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.28
2013$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.16
2012$0.16$0.00$0.00$0.00$0.00$0.00$0.00$0.00

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.


-20.00%-15.00%-10.00%-5.00%2023FebruaryMarchAprilMayJune
-5.90%
-12.00%
ABLOX (Alger Balanced Portfolio Fund)
Benchmark (^GSPC)

Worst Drawdowns

The table below shows the maximum drawdowns of the Alger Balanced Portfolio Fund. A maximum drawdown is an indicator of risk. It shows a reduction in portfolio value from its maximum due to a series of losing trades.

The maximum drawdown since January 2010 for the Alger Balanced Portfolio Fund is 41.33%, recorded on Nov 20, 2008. It took 621 trading sessions for the portfolio to recover.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-41.33%Oct 30, 2007268Nov 20, 2008621May 11, 2011889
-22.96%Feb 13, 202027Mar 23, 202099Aug 12, 2020126
-17.34%Jan 5, 2022194Oct 12, 2022
-12.06%May 20, 200244Jul 23, 2002215May 30, 2003259
-11.92%May 12, 2011100Oct 3, 201198Feb 23, 2012198

Volatility Chart

The current Alger Balanced Portfolio Fund volatility is 2.42%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.


2.00%4.00%6.00%8.00%10.00%2023FebruaryMarchAprilMayJune
2.42%
3.68%
ABLOX (Alger Balanced Portfolio Fund)
Benchmark (^GSPC)