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.
Fund Info
| ISIN | US0155658315 |
|---|---|
| CUSIP | 015565831 |
| Issuer | Alger |
| Inception Date | Dec 31, 1996 |
| Category | Large Cap Blend Equities |
| Min. Investment | $1,000 |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Blend |
Expense Ratio
ALBAX has a high expense ratio of 0.98%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Popular comparisons: ALBAX vs. CMNWX, ALBAX vs. MRGAX, ALBAX vs. PMYYX, ALBAX vs. MIGFX, ALBAX vs. JDESX, ALBAX vs. GSPKX, ALBAX vs. SLVRX, ALBAX vs. NSEPX, ALBAX vs. VOO, ALBAX vs. AWSHX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Alger Growth & Income 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 Growth & Income Fund had a return of 22.39% year-to-date (YTD) and 30.55% in the last 12 months. Over the past 10 years, Alger Growth & Income Fund had an annualized return of 12.53%, outperforming the S&P 500 benchmark which had an annualized return of 11.43%.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 22.39% | 25.82% |
| 1 month | 1.49% | 3.20% |
| 6 months | 11.97% | 14.94% |
| 1 year | 30.55% | 35.92% |
| 5 years (annualized) | 15.23% | 14.22% |
| 10 years (annualized) | 12.53% | 11.43% |
Monthly Returns
The table below presents the monthly returns of ALBAX, 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 | 1.21% | 3.60% | 3.01% | -2.80% | 4.88% | 3.45% | 1.14% | 2.25% | 1.47% | -1.02% | 22.39% | ||
| 2023 | 4.25% | -2.90% | 3.58% | 2.44% | 0.39% | 5.27% | 3.21% | -1.44% | -4.21% | -0.95% | 8.12% | 3.84% | 23.01% |
| 2022 | -3.30% | -3.41% | 3.02% | -7.19% | 0.75% | -6.99% | 6.98% | -4.03% | -8.63% | 7.61% | 6.51% | -4.56% | -14.12% |
| 2021 | -0.26% | 2.17% | 4.91% | 4.85% | 1.27% | 2.02% | 3.20% | 2.95% | -5.12% | 6.91% | -0.39% | 5.18% | 30.79% |
| 2020 | 0.16% | -8.85% | -12.15% | 12.22% | 4.22% | 2.23% | 4.80% | 6.79% | -4.64% | -2.49% | 11.39% | 3.64% | 15.22% |
| 2019 | 5.68% | 2.71% | 1.90% | 4.18% | -6.26% | 6.03% | 1.70% | -0.60% | 2.21% | 2.59% | 3.08% | 3.02% | 28.92% |
| 2018 | 4.91% | -3.83% | -3.16% | -0.53% | 2.24% | 0.51% | 4.20% | 3.03% | 0.39% | -5.69% | 1.96% | -7.94% | -4.72% |
| 2017 | 1.79% | 3.89% | 0.22% | 1.37% | 1.54% | 0.28% | 1.22% | 0.60% | 1.80% | 2.08% | 3.07% | 1.11% | 20.66% |
| 2016 | -5.02% | -0.56% | 6.04% | 0.06% | 1.45% | 0.43% | 3.28% | -0.42% | 0.15% | -1.54% | 3.83% | 2.51% | 10.22% |
| 2015 | -2.67% | 5.54% | -1.54% | 0.63% | 1.76% | -1.93% | 1.38% | -5.95% | -2.24% | 7.85% | 0.15% | -1.01% | 1.24% |
| 2014 | -4.14% | 4.21% | 1.32% | 0.64% | 2.17% | 2.04% | -1.11% | 3.54% | -0.90% | 1.94% | 2.83% | -0.62% | 12.28% |
| 2013 | 5.09% | 1.64% | 3.49% | 2.27% | 1.57% | -1.49% | 4.10% | -3.06% | 2.88% | 4.70% | 2.50% | 2.61% | 29.32% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of ALBAX is 81, placing it in the top 19% 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 Growth & Income Fund (ALBAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Alger Growth & Income Fund provided a 1.02% dividend yield over the last twelve months, with an annual payout of $0.80 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 | $0.80 | $0.83 | $0.66 | $0.53 | $0.60 | $0.65 | $0.60 | $0.48 | $0.53 | $0.50 | $0.59 | $0.50 |
Dividend yield | 1.02% | 1.29% | 1.24% | 0.85% | 1.20% | 1.46% | 1.64% | 1.19% | 1.53% | 1.57% | 1.78% | 1.60% |
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 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.53 | |
| 2023 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.27 | $0.83 |
| 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 | $0.66 |
| 2021 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.14 | $0.53 |
| 2020 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.16 | $0.60 |
| 2019 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.22 | $0.65 |
| 2018 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.18 | $0.60 |
| 2017 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.16 | $0.48 |
| 2016 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.18 | $0.53 |
| 2015 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.16 | $0.50 |
| 2014 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.17 | $0.59 |
| 2013 | $0.10 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.21 | $0.50 |
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 Growth & Income 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 Growth & Income Fund was 40.56%, occurring on Nov 20, 2008. Recovery took 611 trading sessions.
The current Alger Growth & Income Fund drawdown is 0.28%.
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 | 199 | Jul 31, 2023 | 393 |
| -20.27% | Oct 8, 1997 | 56 | Dec 24, 1997 | 138 | Jul 6, 1998 | 194 |
Volatility
Volatility Chart
The current Alger Growth & Income Fund volatility is 3.50%, 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.