Alger Growth & Income Fund (ALBAX)
The advisor intends to invest at least 65% of its total assets in dividend paying equity securities. The fund may invest up to 35% of its total assets in equity securities that do not pay dividends or in money market instruments and repurchase agreements. The advisor focuses on growing companies that, at the time of purchase of the securities, have a market capitalization equal to or greater than the market capitalization of companies included in the S&P 500 Index, as reported by the index as of the most recent quarter-end.
Share Price Chart
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Performance
The chart shows the growth of $10,000 invested in Alger Growth & Income Fund in Oct 2022 and compares it to the S&P 500 index or another benchmark. It would be worth nearly $72,600 for a total return of roughly 626.00%. All prices are adjusted for splits and dividends.
Compare to other instruments
Return
Alger Growth & Income Fund had a return of 2.58% year-to-date (YTD) and -7.40% in the last 12 months. Over the past 10 years, Alger Growth & Income Fund had an annualized return of 11.26%, outperforming the S&P 500 benchmark which had an annualized return of 9.92%.
| Period | Return | Benchmark |
|---|---|---|
| 1 month | -1.40% | -1.87% |
| Year-To-Date | 2.58% | 4.25% |
| 6 months | 3.93% | 2.64% |
| 1 year | -7.40% | -10.31% |
| 5 years (annualized) | 10.28% | 8.11% |
| 10 years (annualized) | 11.26% | 9.92% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 4.25% | -2.90% | ||||||||||
| 2022 | -8.63% | 7.61% | 6.51% | -4.56% |
Dividend History
Alger Growth & Income Fund granted a 1.48% dividend yield in the last twelve months. The annual payout for that period amounted to $0.80 per share.
| Period | TTM | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.80 | $0.66 | $2.60 | $1.27 | $2.22 | $2.45 | $1.11 | $0.54 | $1.54 | $1.67 | $0.49 | $0.46 |
Dividend yield | 1.48% | 1.24% | 4.23% | 2.70% | 5.45% | 7.73% | 3.35% | 1.95% | 6.15% | 6.76% | 2.25% | 2.72% |
Monthly Dividends
The table displays the monthly dividend distributions for Alger Growth & Income 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 | ||||||||||
| 2022 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.24 |
| 2021 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $2.21 |
| 2020 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.83 |
| 2019 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $1.79 |
| 2018 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $2.04 |
| 2017 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.79 |
| 2016 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.19 |
| 2015 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $1.20 |
| 2014 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $1.25 |
| 2013 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.21 |
| 2012 | $0.09 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.18 |
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 Growth & Income 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 Growth & Income Fund is 40.56%, recorded on Nov 20, 2008. It took 611 trading sessions for the portfolio to recover.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -40.56% | Oct 30, 2007 | 268 | Nov 20, 2008 | 611 | Apr 27, 2011 | 879 |
| -34.26% | Feb 13, 2020 | 27 | Mar 23, 2020 | 106 | Aug 21, 2020 | 133 |
| -32.58% | Mar 27, 2000 | 720 | Feb 12, 2003 | 731 | Jan 9, 2006 | 1451 |
| -22.06% | Jan 5, 2022 | 194 | Oct 12, 2022 | — | — | — |
| -20.27% | Oct 10, 1997 | 54 | Dec 24, 1997 | 138 | Jul 6, 1998 | 192 |
| -18.32% | Jul 21, 1998 | 58 | Oct 8, 1998 | 50 | Dec 17, 1998 | 108 |
| -17.4% | Sep 24, 2018 | 64 | Dec 24, 2018 | 81 | Apr 23, 2019 | 145 |
| -15.53% | Jul 8, 2011 | 22 | Aug 8, 2011 | 112 | Jan 18, 2012 | 134 |
| -13.29% | Jul 21, 2015 | 143 | Feb 11, 2016 | 102 | Jul 8, 2016 | 245 |
| -10.51% | Jan 29, 2018 | 39 | Mar 23, 2018 | 108 | Aug 27, 2018 | 147 |
Volatility Chart
Current Alger Growth & Income Fund volatility is 20.24%. The chart below shows the rolling 10-day volatility. Volatility is a statistical measure showing how big price swings are in either direction. The higher asset volatility, the riskier it is, because the price movements are less predictable.