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 76.17 / +0.77 %
- Total Assets 630.9 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 1.05%
- Turnover 4%
USD | NAV as of Oct 05, 2024 | 1-Day Return as of Oct 05, 2024, 1:37 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 42.0
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
Microsoft Corp | 9.25 | 55.9 Mil | Technology |
Apple Inc | 7.69 | 46.5 Mil | Technology |
Cash | 5.84 | 35.3 Mil | Cash and Equivalents |
Broadcom Inc | 4.82 | 29.2 Mil | Technology |
KLA Corp | 3.57 | 21.6 Mil | Technology |
Alphabet Inc Class A | 3.40 | 20.6 Mil | Communication Services |
JPMorgan Chase & Co | 3.32 | 20.1 Mil | Financial Services |
Alphabet Inc Class C | 2.73 | 16.5 Mil | Communication Services |
Amazon.com Inc | 2.71 | 16.4 Mil | Consumer Cyclical |
UnitedHealth Group Inc | 2.46 | 14.9 Mil | Healthcare |