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
US0155658315
015565831
Dec 31, 1996
$1,000
Large-Cap
Blend
Expense Ratio
ALBAX has a high expense ratio of 0.98%, indicating above-average management fees.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Alger Growth & Income Fund (ALBAX) returned 0.45% year-to-date (YTD) and 9.79% over the past 12 months. Over the past 10 years, ALBAX returned 10.00% annually, underperforming the S&P 500 benchmark at 10.89%.
ALBAX
0.45%
10.65%
2.11%
9.79%
15.29%
10.00%
^GSPC (Benchmark)
1.30%
12.79%
1.49%
12.35%
15.12%
10.89%
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 3.38% | -1.81% | -5.02% | -1.32% | 5.58% | 0.45% | |||||||
| 2024 | 1.21% | 3.60% | 3.01% | -2.80% | 4.88% | 3.45% | 1.14% | 2.25% | 1.47% | -1.02% | 3.71% | -0.74% | 21.81% |
| 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% | 1.71% | 26.48% |
| 2020 | 0.16% | -8.85% | -12.15% | 12.22% | 4.22% | 2.23% | 4.80% | 6.79% | -4.63% | -2.49% | 11.39% | 2.24% | 13.66% |
| 2019 | 5.68% | 2.71% | 1.90% | 4.18% | -6.27% | 6.03% | 1.70% | -0.60% | 2.21% | 2.59% | 3.08% | -0.55% | 24.45% |
| 2018 | 4.91% | -3.83% | -3.16% | -0.53% | 2.24% | 0.51% | 4.20% | 3.03% | 0.39% | -5.69% | 1.96% | -12.38% | -9.31% |
| 2017 | 1.79% | 3.89% | 0.22% | 1.37% | 1.54% | 0.28% | 1.22% | 0.60% | 1.80% | 2.08% | 3.07% | -0.44% | 18.80% |
| 2016 | -5.02% | -0.56% | 6.04% | 0.06% | 1.45% | 0.43% | 3.28% | -0.42% | 0.15% | -1.54% | 3.83% | 2.48% | 10.18% |
| 2015 | -2.66% | 5.54% | -1.54% | 0.63% | 1.76% | -1.93% | 1.38% | -5.95% | -2.24% | 7.85% | 0.15% | -4.15% | -1.97% |
| 2014 | -4.14% | 4.21% | 1.32% | 0.64% | 2.17% | 2.04% | -1.11% | 3.54% | -0.90% | 1.94% | 2.83% | -3.83% | 8.64% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of ALBAX is 61, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
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.
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Dividends
Dividend History
Alger Growth & Income Fund provided a 1.11% dividend yield over the last twelve months, with an annual payout of $0.86 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.86 | $0.83 | $0.83 | $0.66 | $0.53 | $0.60 | $0.65 | $0.60 | $0.48 | $0.53 | $0.50 | $0.59 |
Dividend yield | 1.11% | 1.08% | 1.29% | 1.24% | 0.85% | 1.20% | 1.46% | 1.64% | 1.19% | 1.53% | 1.57% | 1.78% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.16 | |||||||
| 2024 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.31 | $0.83 |
| 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 | $0.18 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.17 | $0.59 |
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.
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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 3.76%.
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 |
| -32.5% | Mar 27, 2000 | 720 | Feb 12, 2003 | 731 | Jan 9, 2006 | 1451 |
| -23.25% | Dec 13, 2021 | 210 | Oct 12, 2022 | 291 | Dec 8, 2023 | 501 |
| -21.38% | Sep 24, 2018 | 64 | Dec 24, 2018 | 207 | Oct 21, 2019 | 271 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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