Alger Balanced Portfolio Fund (ABLOX)
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
ISIN | US0155442082 |
---|---|
Issuer | Alger |
Inception Date | Sep 4, 1989 |
Category | Diversified Portfolio |
Min. Investment | $500,000 |
Asset Class | Multi-Asset |
Asset Class Size | Large-Cap |
Asset Class Style | Blend |
Expense Ratio
ABLOX has a high expense ratio of 1.04%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
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.
Returns By Period
Alger Balanced Portfolio Fund had a return of 10.20% year-to-date (YTD) and 15.66% in the last 12 months. Over the past 10 years, Alger Balanced Portfolio Fund had an annualized return of 8.61%, while the S&P 500 had an annualized return of 10.58%, indicating that Alger Balanced Portfolio Fund did not perform as well as the benchmark.
Period | Return | Benchmark |
---|---|---|
Year-To-Date | 10.20% | 13.20% |
1 month | -0.67% | -1.28% |
6 months | 7.80% | 10.32% |
1 year | 15.66% | 18.23% |
5 years (annualized) | 9.85% | 12.31% |
10 years (annualized) | 8.61% | 10.58% |
Monthly Returns
The table below presents the monthly returns of ABLOX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | 1.06% | 2.67% | 2.44% | -2.24% | 3.46% | 3.14% | 10.20% | ||||||
2023 | 3.29% | -2.30% | 2.96% | 1.82% | 0.23% | 3.62% | 2.50% | -1.14% | -3.18% | -0.68% | 6.32% | 3.16% | 17.43% |
2022 | -2.60% | -2.62% | 1.88% | -5.55% | 0.78% | -5.27% | 4.98% | -3.01% | -6.39% | 5.16% | 4.97% | -3.36% | -11.40% |
2021 | -0.24% | 1.29% | 3.13% | 3.26% | 0.82% | 1.35% | 2.19% | 1.98% | -3.58% | 4.62% | -0.41% | 3.50% | 19.17% |
2020 | 0.25% | -5.46% | -7.86% | 7.58% | 2.85% | 1.58% | 3.05% | 4.15% | -2.96% | -1.56% | 6.96% | 2.41% | 10.23% |
2019 | 4.02% | 1.90% | 1.45% | 2.72% | -3.78% | 3.99% | 1.06% | -0.07% | 1.31% | 1.68% | 1.97% | 1.91% | 19.50% |
2018 | 2.97% | -2.77% | -2.15% | -0.41% | 1.55% | 0.23% | 2.81% | 2.05% | 0.28% | -3.90% | 1.27% | -4.91% | -3.30% |
2017 | 1.44% | 3.02% | 0.19% | 1.25% | 1.29% | 0.12% | 1.09% | 0.60% | 1.25% | 1.65% | 1.80% | 0.79% | 15.46% |
2016 | -3.13% | -0.07% | 4.74% | 0.34% | 0.96% | 0.81% | 2.42% | -0.33% | 0.07% | -1.25% | 2.06% | 1.78% | 8.50% |
2015 | -0.97% | 3.49% | -0.94% | 0.27% | 1.15% | -1.61% | 1.30% | -4.17% | -1.19% | 5.26% | 0.20% | -0.97% | 1.49% |
2014 | -2.37% | 2.96% | 0.74% | 0.73% | 1.82% | 1.36% | -0.84% | 2.63% | -0.83% | 1.47% | 2.06% | -0.49% | 9.46% |
2013 | 2.28% | 0.25% | 2.31% | 1.61% | 0.47% | -1.66% | 2.73% | -2.11% | 2.07% | 3.28% | 1.66% | 1.57% | 15.29% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of ABLOX is 86, placing it in the top 14% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Alger Balanced Portfolio Fund (ABLOX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Alger Balanced Portfolio Fund granted a 1.56% dividend yield in the last twelve months. The annual payout for that period amounted to $0.33 per share.
Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Dividend | $0.33 | $0.33 | $0.98 | $0.71 | $0.26 | $0.62 | $2.98 | $0.49 | $0.30 | $0.30 | $0.28 | $0.16 |
Dividend yield | 1.56% | 1.72% | 5.99% | 3.65% | 1.55% | 3.95% | 21.77% | 2.83% | 1.93% | 2.12% | 1.95% | 1.16% |
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.
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||
2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.33 | $0.33 |
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 | $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 | $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 | $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 | $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 | $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 | $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 | $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 | $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 | $0.28 |
2013 | $0.16 | $0.16 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Alger Balanced Portfolio Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Alger Balanced Portfolio Fund was 41.33%, occurring on Nov 20, 2008. Recovery took 621 trading sessions.
The current Alger Balanced Portfolio Fund drawdown is 3.52%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
---|---|---|---|---|---|---|
-41.33% | Oct 30, 2007 | 268 | Nov 20, 2008 | 621 | May 11, 2011 | 889 |
-22.96% | Feb 13, 2020 | 27 | Mar 23, 2020 | 99 | Aug 12, 2020 | 126 |
-17.34% | Jan 5, 2022 | 194 | Oct 12, 2022 | 278 | Nov 20, 2023 | 472 |
-12.06% | May 20, 2002 | 44 | Jul 23, 2002 | 215 | May 30, 2003 | 259 |
-11.92% | May 12, 2011 | 100 | Oct 3, 2011 | 98 | Feb 23, 2012 | 198 |
Volatility
Volatility Chart
The current Alger Balanced Portfolio Fund volatility is 2.84%, 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.