Back to top
more

Alger Growth & Income Fund Class A: (MF: ALBAX)

(NASDAQ Mutual Funds) As of Sep 16, 2024 08:00 PM ET

$74.73 USD

+0.07 (0.09%)

Zacks MF Rank

This is our Mutual Fund rating system that serves as a timeliness indicator for Mutual Fund's over the next 6 months:

Zacks Rank Definition
1 Strong Buy
2 Buy
3 Hold
4 Sell
5 Strong Sell

Zacks Mutual Fund Rank FAQ - Learn more about the Zacks Mutual Fund Rank
Zacks Mutual Fund Rank Home - All Zacks Rank resources in one place
Zacks Premium - The only way to get access to the Zacks Rank

3-Hold of 5     3    

View All Zacks Mutual Fund Rank #1's

Zacks Premium Research for ALBAX

Zacks MF Rank

This is our Mutual Fund rating system that serves as a timeliness indicator for Mutual Fund's over the next 6 months:

Zacks Rank Definition
1 Strong Buy
2 Buy
3 Hold
4 Sell
5 Strong Sell

Zacks Mutual Fund Rank FAQ - Learn more about the Zacks Mutual Fund Rank
Zacks Mutual Fund Rank Home - All Zacks Rank resources in one place
Zacks Premium - The only way to get access to the Zacks Rank

Hold 3
MF Research Report

Fund 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.

Load Information

Ticker Max
Load %
Deferred
Load %
Red.
Fee %
12B-1
Fee %
Mgmt
Fee %
Expense
Ratio %
Alger Growth & Income A ALBAX 5.25 NA 0.00 0.25 0.50 0.93

Return Data

Ticker Nav Inception Date % yield 1 year return 2 year return 3 year return
Alger Growth & Income Fund A ALBAX 74.73 12/31/1996 1.05 25.50 9.66 15.80
Alger Growth & Income Fund C ALBCX 72.99 8/1/1997 0.44 24.55 8.90 14.97
Alger Growth & Income Fund Z AGIZX 74.33 3/1/2012 1.30 25.88 9.97 16.16

Investment Information

Ticker Minimum Initial Investment ($) Minimum Subsequent Investment ($) Minimum Initial IRA ($) Dividend Frequency
Alger Growth & Income A ALBAX 1000 50 500 A

Contact Information

Family Alger Funds
Address 100 Pearl Street, 27th Floor
New York, NY 10004
Phone 800 992-3863