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Morningstar

Alger Balanced I-2 ABLOX

Morningstar Analyst Rating
Quantitative rating as of | See Alger Investment Hub
  • NAV / 1-Day Return 17.05  /  0.70 %
  • Total Assets 53.1 Mil
  • Adj. Expense Ratio
    1.090%
  • Expense Ratio 1.090%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category Allocation—50% to 70% Equity
  • Investment Style Large Blend
  • Credit Quality / Interest Rate Sensitivity —
  • Status Open
  • TTM Yield 1.19%
  • Turnover 11%

USD | NAV as of Feb 03, 2023 | 1-Day Return as of Feb 03, 2023, 10:59 PM GMT+00:00

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.

Summary

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Alger Balanced I-2's Average People Pillar and Process Pillar ratings hold this strategy's Morningstar Quantitative Rating of Neutral. 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.

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