- ISIN
- US0155658315
- CUSIP
- 015565831
- Issuer
- Alger
- Inception Date
- Dec 31, 1996
- Category
- Large Cap Blend Equities
- Min. Investment
- $1,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
ALBAX Performance Chart
Alger Growth & Income Fund (ALBAX) is up 12.1% since the beginning of the year. ALBAX is currently trading at $103 per share. Investors who bought $1,000 worth of ALBAX shares 5 years ago would now be looking at an investment worth $1,886.
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Returns By Period
Alger Growth & Income Fund (ALBAX) has returned 12.10% so far this year and 26.12% over the past 12 months. Looking at the last ten years, ALBAX has achieved an annualized return of 14.90%, outperforming the S&P 500 Index benchmark, which averaged 13.26% per year.
Alger Growth & Income Fund
- 1D
- 1.44%
- 1M
- -0.39%
- 6M
- 9.72%
- YTD
- 12.10%
- 1Y
- 26.12%
- 3Y*
- 19.66%
- 5Y*
- 13.53%
- 10Y*
- 14.90%
- ALL TIME*
- 10.01%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
ALBAX Monthly Returns History
Based on dividend-adjusted daily data since Jan 2, 1997, ALBAX's average daily return is +0.04%, while the average monthly return is +0.87%. At this rate, an investment would double in approximately 6.7 years.
Historically, 65% of months were positive and 35% were negative. The best month was Apr 2020 with a return of +12.2%, while the worst month was Oct 2008 at -14.2%. The longest winning streak lasted 15 consecutive months, and the longest losing streak was 5 months.
On a daily basis, ALBAX closed higher 54% of trading days. The best single day was Mar 13, 2020 with a return of +9.8%, while the worst single day was Mar 16, 2020 at -12.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.17% | 1.03% | -4.71% | 10.78% | 4.03% | 0.42% | -1.52% | 12.10% | |||||
| 2025 | 3.38% | -1.81% | -5.23% | -1.32% | 5.29% | 5.43% | 2.49% | 2.21% | 4.85% | 2.77% | 2.39% | -1.57% | 19.89% |
| 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% | -4.52% | -0.95% | 8.12% | 3.84% | 22.60% |
| 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% |
Benchmark Metrics
Alger Growth & Income Fund has an annualized alpha of 3.61%, beta of 0.74, and R2 of 0.89 versus S&P 500 Index. Calculated based on daily prices since January 02, 1997.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (85.76%) than losses (76.89%) - typical of diversified or defensive assets.
- This fund generated an annualized alpha of 3.61% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Alpha
- 3.61%
- Beta
- 0.74
- R²
- 0.89
- Upside Capture
- 85.76%
- Downside Capture
- 76.89%
Expense Ratio
ALBAX has a high expense ratio of 0.98%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
ALBAX ranks 80 for risk / return — above 80% of mutual funds peers on PortfoliosLab. Its historical combined result is above most peers.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Alger Growth & Income Fund (ALBAX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ALBAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.43 | ||
| Sortino ratioReturn per unit of downside risk | +0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.25 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 3.04 | 2.00 | +1.03 |
| Martin ratioReturn relative to average drawdown | 12.95 | 8.49 | +4.46 |
Dividends
Dividend History
Alger Growth & Income Fund provided a 0.72% dividend yield over the last twelve months, with an annual payout of $0.74 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.74 | $0.68 | $0.83 | $0.63 | $0.66 | $2.60 | $1.27 | $2.22 | $2.45 | $0.95 | $0.54 | $1.20 |
Dividend yield | 0.72% | 0.74% | 1.08% | 0.98% | 1.24% | 4.17% | 2.55% | 5.00% | 6.75% | 2.35% | 1.56% | 3.75% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.12 | $0.00 | $0.28 | |||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.30 | $0.68 |
| 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 | $0.00 | $0.00 | $0.00 | $0.27 | $0.63 |
| 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 | $2.21 | $2.60 |
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 1.66%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-40.56%Nov 2008 | 1y 22d | 2y 5mo | 3y 6moOct 2007 - Apr 2011 | Financial crisis2007–2009 |
-34.26%Mar 2020 | 1mo 9d | 5mo 1d | 6mo 10dFeb 2020 - Aug 2020 | COVID crash2020 |
-32.73%Feb 2003 | 2y 10mo | 3y 9mo | 6y 8moMar 2000 - Nov 2006 | — |
-22.06%Oct 2022 | 9mo 10d | 9mo 22d | 1y 6moJan 2022 - Jul 2023 | Bear market2022 |
-18.32%Oct 1998 | 2mo 19d | 2mo 11d | 5moJul 1998 - Dec 1998 | — |
Drawdown Indicators
| ALBAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.56% | -56.78% | +16.22% |
Max Drawdown (1Y)Largest decline over 1 year | -7.86% | -9.10% | +1.24% |
Max Drawdown (3Y)Largest decline over 3 years | -17.65% | -18.90% | +1.25% |
Max Drawdown (5Y)Largest decline over 5 years | -22.06% | -25.43% | +3.37% |
Max Drawdown (10Y)Largest decline over 10 years | -34.26% | -33.92% | -0.34% |
Current DrawdownCurrent decline from peak | -1.66% | -1.58% | -0.08% |
Average DrawdownAverage peak-to-trough decline | -7.31% | -10.70% | +3.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.84% | 2.14% | -0.30% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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