Address And Details

360 Park Avenue South , New York, NY 10010
Fund Manager Gregory Adams
Manager Tenure 9 Years 5 Months

Strategy And Objective

Alger Growth & Income Fund seeks to provide capital appreciation and current income. Fred Alger Management, LLC believes companies undergoing Positive Dynamic Change offer the best investment opportunities. Positive Dynamic Change refers to companies realizing High Unit Volume Growth or companies undergoing Positive Lifecycle Change. High Unit Volume Growth companies are traditional growth companies experiencing, for example, rapidly growing demand or market dominance. Positive Lifecycle Change companies are, for example, companies benefitting from new regulations, a new product innovation or new management. The Fund invests primarily in equity securities such as common or preferred stocks which Fred Alger Management, LLC believes offer opportunities for capital appreciation and which also pay dividends. In considering such companies, Fred Alger Management, LLC classifies them into three categories: Dividend Leaders companies that generate high dividend yields; Dividend Growers companies that have a history of strong and consistent dividend growth; and Kings of Cash Flow companies that have strong potential for generating capital appreciation and the ability to return significant amounts of cash to investors as a result of their free cash flow. The Fund 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 Fund 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. This index is designed to track the performance of large-capitalization stocks. At December 31, 2019, the market capitalization of the companies in this index ranged from $4.59 billion to $1.30 trillion. The Fund may invest a significant portion of its assets in securities of companies conducting business within a single sector, including the information technology, consumer discretionary, financials, healthcare, and industrials sectors. The Fund s portfolio manager(s) may sell a stock when it reaches a target price, it fails to perform as expected, or other opportunities appear more attractive.

Net Asset Value

as of 5:05 PM ET 09/20/2021

Performance

  • 1 Week
  • -2.65%
  • 1 Month
  • -2.22%
  • 3 Months
  • +5.00%
  • 1 Yr Return
  • +31.37%
  • 5 Yr Return
  • +78.39%

Equity Sector Breakdown

Technology 37.93%
Finance 21.55%
NonDurables 9.23%
RetailTrade 8.54%
Health 7.66%
IndustrialCyclical 3.70%
Energy 2.27%
Utilities 1.62%
Services 1.58%
ConsumerDurables 1.14%

Asset Allocation

Asset Type % Of Allocation
Stocks 98.18%
ForeignStocks 4.79%
Cash 0.00%
Bonds 0.00%
Preferred 0.00%
Convertible 0.00%
Other 0.00%
ForeignBonds 0.00%
ForeignHedged 0.00%
Total Net Assets 15.82 M

Risk Measures

Criteria 3 Years 5 Years 10 Years
Alpha -0.41 -0.76 -1.14
Beta 0.95 0.95 0.94
R Squared 0.99 0.98 0.98
Std Deviation 17.66 14.38 12.70
Sharpe Ratio 0.97 1.13 n/a

Purchase Information

as of 4:49 PM ET 09/17/2021
Minimum Initial $1000
Minimum Additional $50
Minimum Initial IRA $500

Performance

Timeframe Average Annual Current Performance Monthly As Of 08/31/2021 Average Annual Current Performance Quarterly As Of 06/30/2021 Avg Annual Current Performance Monthly As Of 08/31/2021 Avg Annual Current Performance Quarterly As Of 06/30/2021
1 Year
  • +31.13%
  • +38.13%
+31.13% +38.13%
3 Year
  • +16.67%
  • +17.07%
+16.67% +17.07%
10 Year
  • +14.04%
  • +12.72%
+14.04% +12.72%
Life Of Fund
  • +8.24%
  • +8.03%
+8.24% +8.03%

Top 10 Holdings

Symbol Company Name % Of Assets
MSFT MICROSOFT CORP 9.00%
AAPL APPLE INC 7.76%
JPM JPMORGAN CHASE & CO 4.23%
GOOGL ALPHABET INC CLASS A 3.37%
GOOG ALPHABET INC CLASS C 3.35%
HD HOME DEPOT INC 3.30%
MS MORGAN STANLEY 2.71%
FB FACEBOOK INC 2.45%
AMZN AMAZON COM INC 2.43%
UNH UNITEDHEALTH GROUP INC 2.29%

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