| Ticker: | ALBAX |
| Manager: | Team Managed |
| Manager Since: | NA |
| NAV (06/19/2013): | 27.79 |
| Objective: | Balanced |
| Peer: | BA LG |
| Net Assets ($mil): | 73.05 |
| Inception: | 12/31/1996 |
ALBAX : Description
The fund was incepted in June 1992 and is managed by Fred Alger Management. The objective of this fund is to seek current income and long-term capital appreciation by investing in stocks of companies with growth potential and fixed-income securities, with emphasis on income-producing securities that appear to have some potential for capital appreciation. Balanced funds generally offer greater diversification than funds invested solely in one asset class. Fixed-income securities are sensitive to interest rate movements and their market values tend to fall when interest rates rise. The fund offers dividends and capital gains annually in December.
ALBAX : Composition - 05/13
| Stocks | 94.79% |
| Foreign Stocks | 6.21% |
| Cash | 0.00% |
| Bonds | 0.00% |
| Foreign Bonds | 0.00% |
| Preferred | 0.00% |
| Convertible | 0.00% |
| Other | 5.21% |
| Foreign Hedged | 0.00% |
ALBAX : Style Analysis - 05/13
| Large Growth | 41.86% |
| Large Value | 24.92% |
| Small Growth | 0.00% |
| Small Value | 0.00% |
| Foreign Stock | 41.86% |
| Emerging Market | 0.00% |
| Precious Metals | 0.00% |
| Intermediate Bond | 0.00% |
| High Yield Bond | 25.82% |
| Foreign Bond | 0.00% |
ALBAX : Risk Analysis
| Beta v. S&P 500 | 0.79 |
| Beta v. EAFE | -0.03 |
| Beta v. Barclays Agg Bond | 0.42 |
| Alpha 3 Yr | 2.05 |
| Alpha 5 Yr | 2.11 |
| R-Sq 3 Yr | 0.92 |
| R-Sq 5 Yr | 0.92 |
| Std Dev 3 Yr | 11.24 |
| Std Dev 5 Yr | 13.76 |
| Sharpe 3 Yr | 1.07 |
| Sharpe 5 Yr | 0.50 |
ALBAX : Fees
| Expense Ratio | 1.25 |
| % Max Load | 5.25 |
| % Min Load | 0.00 |
| % Deferred Load | NA |
| % Redemption | 2.00 |
| % Max 12 B1 Fee | 0.25 |
| % Max Mgt Fee | 0.59 |
ALBAX : Purchase Choices:
| Min Initial Investment | 1000 |
| Min Subsequent Investment | 50 |
ALBAX : Returns Analysis - Annual
| 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | YTD | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| NAV ($) | 18.82 | 19.47 | 20.82 | 21.43 | 23.74 | 15.87 | 19.98 | 21.40 | 22.20 | 24.35 | 27.79 |
| Total Return (%) | 22.35 | 4.59 | 8.02 | 4.37 | 12.33 | -31.44 | 28.44 | 9.57 | 4.83 | 11.77 | 13.05 |
| Annual Dividend Yield (%) | 0.84 | 1.03 | 0.97 | 1.33 | 1.30 | 2.41 | 1.91 | 2.17 | 0.96 | 1.80 | 1.61 |
| Relative Performance | |||||||||||
| Rel Performance-S&P500(%) | -63.35 | -62.77 | 31.32 | -114.23 | 68.40 | 55.65 | 20.27 | -54.94 | 27.31 | -42.14 | 3.14 |
| Rel Performance-Obj.Ret.(%) | 35.70 | -41.36 | 33.85 | -62.61 | 66.39 | -46.69 | 44.14 | -20.42 | 49.59 | 3.23 | 58.58 |
| Ret.Quintile vs Obj(1 is best) | 2 | 5 | 1 | 5 | 1 | 5 | 1 | 4 | 1 | 3 | 1 |
| Turnover, Yields, and Gains | |||||||||||
| Fund Assets Net($mil) | 82 | 70 | 61 | 44 | 36 | 31 | 35 | 41 | 41 | 73 | 73 |
| Annual Turnover (%) | 174.97 | 128.79 | 125.17 | 271.30 | 139.18 | 78.04 | 100.18 | 72.11 | 119.61 | 45.36 | 0.00 |
| Annual Dividend Paid ($) | 0.16 | 0.21 | 0.21 | 0.30 | 0.32 | 0.40 | 0.40 | 0.49 | 0.22 | 0.46 | 0.09 |
| Annual Capital Gains Paid($) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
ALBAX : Returns Analysis - Trailing Total Return
| 1 Month | 3 Month | 6 Month | YTD | 1 Year | 3 Year | 5 Year | 10 Year | 15 Year | 20 Year | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Return (through 05/13) | 2.27% | 7.57% | 13.51% | 13.05% | 16.61% | 11.49% | 6.19% | 6.98% | 6.09% | NA |
| Ret. Percentile vs. Obj. (1 is best) | 13 | 1 | 2 | 1 | 1 | 3 | 14 | 34 | 14 | NA |
ALBAX : Stock Portfolio Snapshot - 05/13
| Average Price/Earnings | 26.48 |
| Average Price/Book | 4.23 |
| Average EPS Growth | 9.33 |
| Average Market Value | 124,265.00 |
ALBAX : Stock Sector Breakout - 05/13
ALBAX : Top Holdings - 05/13
| Name | Weight | Shares |
|---|---|---|
| APPLE INC | 3.72 | 7,165 |
| EXXON MOBIL CORP | 3.44 | 33,500 |
| PEPSICO INC | 2.54 | 30,600 |
| ROYAL DUTCH SHELL PLC ADR | 2.54 | 31,600 |
| GENERAL ELECTRIC CO | 2.17 | 85,500 |
| PROCTER + GAMBLE CO/THE | 2.38 | 27,825 |
| PFIZER INC | 2.31 | 74,159 |
| INTL BUSINESS MACHINES CORP | 2.29 | 9,900 |
| JOHNSON + JOHNSON | 2.53 | 30,000 |