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
US0155442082
Sep 4, 1989
$500,000
Large-Cap
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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Compare to other instruments
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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 17.01% year-to-date (YTD) and 17.38% in the last 12 months. Over the past 10 years, Alger Balanced Portfolio Fund had an annualized return of 8.88%, while the S&P 500 had an annualized return of 11.06%, indicating that Alger Balanced Portfolio Fund did not perform as well as the benchmark.
ABLOX
17.01%
0.91%
5.48%
17.38%
9.92%
8.88%
^GSPC (Benchmark)
24.34%
0.23%
8.53%
24.95%
13.01%
11.06%
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% | 1.14% | 1.93% | 1.25% | -1.05% | 3.00% | 17.01% | |
| 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
With an overall rank of 91, ABLOX is among the top 9% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
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 provided a 0.00% dividend yield over the last twelve months, with an annual payout of $0.00 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.00 | $0.26 | $0.21 | $0.16 | $0.20 | $0.23 | $0.72 | $0.49 | $0.30 | $0.30 | $0.28 | $0.16 |
Dividend yield | 0.00% | 1.39% | 1.28% | 0.81% | 1.18% | 1.48% | 5.27% | 2.83% | 1.93% | 2.11% | 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 | $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 | $0.26 | $0.26 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.21 | $0.21 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.16 | $0.16 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.20 | $0.20 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.23 | $0.23 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.72 | $0.72 |
| 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. Drawdowns are calculated considering price movements and all distributions paid, if any.
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 2.29%.
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 3.21%, 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.