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Alger Growth & Income Fund Class A: (MF: ALBAX)
(NASDAQ Mutual Funds) As of Sep 18, 2024 08:00 PM ET
$74.67 USD
-0.11 (-0.15%)
Zacks MF Rank
3-Hold of 5 3
Fund Description
The fund was incepted in June 1992 and is managed by Fred Alger Management. The objective of this fund is to seek current income and long-term capital appreciation by investing in stocks of companies with growth potential and fixed-income securities, with emphasis on income-producing securities that appear to have some potential for capital appreciation. Balanced funds generally offer greater diversification than funds invested solely in one asset class. Fixed-income securities are sensitive to interest rate movements and their market values tend to fall when interest rates rise. The fund offers dividends and capital gains annually in December.
Load Information
| Ticker | Max Load % |
Deferred Load % |
Red. Fee % |
12B-1 Fee % |
Mgmt Fee % |
Expense Ratio % |
|
|---|---|---|---|---|---|---|---|
| Alger Growth & Income A | ALBAX | 5.25 | NA | 0.00 | 0.25 | 0.50 | 0.93 |
Return Data
| Ticker | Nav | Inception Date | % yield | 1 year return | 2 year return | 3 year return | |
|---|---|---|---|---|---|---|---|
| Alger Growth & Income Fund A | ALBAX | 74.67 | 12/31/1996 | 1.05 | 25.50 | 9.66 | 15.80 |
| Alger Growth & Income Fund C | ALBCX | 72.99 | 8/1/1997 | 0.44 | 24.55 | 8.90 | 14.97 |
| Alger Growth & Income Fund Z | AGIZX | 74.33 | 3/1/2012 | 1.30 | 25.88 | 9.97 | 16.16 |
Investment Information
| Ticker | Minimum Initial Investment ($) | 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 |