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USD
Alger Growth & Income A (ALBAX)
103.52
-1.63
(-1.55%)
As of 8:10:08 AM EST. Market Open.
Fund Summary
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.
Alger Growth & Income A
New York, NY 10010
360 Park Avenue South
Fund Overview
| Category | Large Blend |
| Fund Family | Alger |
| Net Assets | 1.02B |
| YTD Return | 13.59% |
| Yield | 0.71% |
| Morningstar Rating | |
| Inception Date | Jul 31, 1997 |
Fund Operations
| Last Dividend | 0.45 |
| Last Cap Gain | 45.00 |
|---|---|
| Holdings Turnover | 4.83% |
| Average for Category | -- |
Fees & Expenses
| Expense | ALBAX | Category Average |
|---|---|---|
|
Annual Report Expense Ratio (net)
|
0.93% | 0.78% |
|
Prospectus Net Expense Ratio
|
0.93% | -- |
|
Prospectus Gross Expense Ratio
|
0.93% | -- |
|
Max 12b1 Fee
|
-- | -- |
|
Max Front End Sales Load
|
-- | -- |
|
Max Deferred Sales Load
|
-- | -- |
|
3 Yr Expense Projection
|
0 | -- |
|
5 Yr Expense Projection
|
0 | -- |
|
10 Yr Expense Projection
|
0 | -- |
Management Information
Gregory S. Adams, Lead Manager since April 01, 2012
Gregory Adams, CFA, is Senior Vice President, Portfolio Manager of the Alger Dynamic Opportunities strategy, the Alger Responsible Investing Fund, the Alger Growth and Income strategy, and Director of Quantitative & Risk Management.
Mr. Adams joined Alger in 2006, he became a Senior Vice President and the Director of Quantitative & Risk Management in 2006, and a portfolio manager in 2012. From 2006 through 2012, Mr. Adams was a Senior Analyst. Previously, he was Director of Quantitative Research at Lord Abbett & Co. and was responsible for portfolio construction simulation and quantitative stock selection. Over the course of his career, Mr. Adams was Managing Director and Portfolio Manager at Deutsche Asset Management and The Chase Manhattan Bank. At Deutsche, where he managed over $10 billion in assets, he was the lead Portfolio Manager for the U.S. Large Cap Core Funds, including Scudder’s flagship Growth & Income Fund. Mr. Adams began his tenure at Chase in 1987 as an equity analyst and was promoted to Co‐Manager of the Chase Vista Balanced Fund and the Chase Vista Growth & Income Fund, managing over $2 billion during his tenure. In 1994, Mr. Adams was named Manager of the Chase Vista Large Cap Equity Fund.
Mr. Adams earned a B.A. in American History from the University of Pennsylvania’s School of Arts & Sciences and a B.S. in Economics and Finance from The Wharton School. Greg is a CFA charterholder and a member of the CFA Institute.Morningstar Style Box
