Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-costliest quintile among peers.
Alger Growth & Income A ALBAX
- NAV / 1-Day Return 72.98 / +1.14 %
- Total Assets 590.6 Mil
-
Adj. Expense Ratio
- Expense Ratio 0.960%
- Distribution Fee Level Below Average
- Share Class Type Front Load
- Category Large Blend
- Investment Style Large Blend
- Min. Initial Investment 1,000
- Status Open
- TTM Yield 1.09%
- Turnover 4%
USD | NAV as of Jul 27, 2024 | 1-Day Return as of Jul 27, 2024, 1:20 AM GMT+0
Morningstar’s Analysis ALBAX
Will ALBAX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 40.6
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
Microsoft Corp | 9.61 | 48.7 Mil | Technology |
Apple Inc | 6.43 | 32.6 Mil | Technology |
Cash | 5.45 | 27.6 Mil | Cash and Equivalents |
Broadcom Inc | 4.33 | 22.0 Mil | Technology |
Alphabet Inc Class A | 3.59 | 18.2 Mil | Communication Services |
KLA Corp | 3.37 | 17.1 Mil | Technology |
JPMorgan Chase & Co | 3.29 | 16.7 Mil | Financial Services |
Alphabet Inc Class C | 2.90 | 14.7 Mil | Communication Services |
Amazon.com Inc | 2.56 | 13.0 Mil | Consumer Cyclical |
Eaton Corp PLC | 2.27 | 11.5 Mil | Industrials |