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Morningstar

Alger Balanced I-2 ABLOX

Morningstar Medalist Rating
Medalist Rating as of | See Alger Investment Hub
  • NAV / 1-Day Return 19.47  /  −0.31 %
  • Total Assets 56.9 Mil
  • Adj. Expense Ratio
    1.040%
  • Expense Ratio 1.040%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category Moderate Allocation
  • Investment Style Large Blend
  • Credit Quality / Interest Rate Sensitivity —
  • Status Open
  • TTM Yield 1.30%
  • Turnover 6%

USD | NAV as of Apr 19, 2024 | 1-Day Return as of Apr 19, 2024, 10:09 PM GMT+0

Morningstar’s Analysis ABLOX

Will ABLOX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable ABLOX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the ABLOX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of ABLOX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Alger Balanced I-2's Average People Pillar and Process Pillar ratings result in a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-highest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings ABLOX

More ABLOX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 31.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Microsoft Corp

7.54 4.3 Mil
Technology

Apple Inc

5.76 3.2 Mil
Technology

Broadcom Inc

3.14 1.8 Mil
Technology

KLA Corp

2.50 1.4 Mil
Technology

Alphabet Inc Class A

2.36 1.3 Mil
Communication Services

JPMorgan Chase & Co

2.26 1.3 Mil
Financial Services

Crown Castle Inc. 3.2%

2.13 1.2 Mil
Corporate

Apple Inc. 1.13%

2.04 1.2 Mil
Corporate

UnitedHealth Group Inc

2.00 1.1 Mil
Healthcare

Alphabet Inc Class C

1.97 1.1 Mil
Communication Services