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 |
| Minimum Investment | $500,000 |
| Asset Class | Multi-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.
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.
Compare to other instruments
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.
| Period | Return | Benchmark |
|---|---|---|
| 1 month | 1.57% | 2.46% |
| Year-To-Date | 6.65% | 9.94% |
| 6 months | 3.06% | 3.54% |
| 1 year | 3.24% | 2.92% |
| 5 years (annualized) | 7.54% | 9.08% |
| 10 years (annualized) | 7.92% | 9.92% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 3.29% | -2.30% | 2.96% | 1.82% | 0.23% | |||||||
| 2022 | 4.97% | -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 ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index | |
|---|---|---|---|---|---|
ABLOX Alger Balanced Portfolio Fund | 0.17 | ||||
^GSPC S&P 500 | 0.10 |
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.
| Period | TTM | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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.
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, 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 | — | — | — |
| -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 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.