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Trending ETFs

Alger Balanced Portfolio

mutual fund
ABLOX
Payout Change
Pending
Price as of:
$20.57 +0.11 +0.54%
primary theme
U.S. Balanced Allocation
share class
ABLOX (Mutual Fund)

Alger Balanced Portfolio

Payout Change
Pending
Price as of:
$20.57 +0.11 +0.54%
primary theme
U.S. Balanced Allocation
share class
ABLOX (Mutual Fund)

Alger Balanced Portfolio

Payout Change
Pending
Price as of:
$20.57 +0.11 +0.54%
primary theme
U.S. Balanced Allocation
share class

Name

As of 05/24/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$20.57

$57.9 M

1.28%

$0.26

1.07%

Vitals

YTD Return

8.7%

1 yr return

19.9%

3 Yr Avg Return

7.5%

5 Yr Avg Return

10.6%

Net Assets

$57.9 M

Holdings in Top 10

31.7%

52 WEEK LOW AND HIGH

$20.5
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.07%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 11.10%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$500,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 05/24/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$20.57

$57.9 M

1.28%

$0.26

1.07%

ABLOX - Profile

Distributions

  • YTD Total Return 8.7%
  • 3 Yr Annualized Total Return 7.5%
  • 5 Yr Annualized Total Return 10.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.88%
DIVIDENDS
  • Dividend Yield 1.3%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Alger Balanced Portfolio
  • Fund Family Name
    Alger Family of Funds
  • Inception Date
    Sep 05, 2089
  • Shares Outstanding
    N/A
  • Share Class
    I2
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Gregory Adams

Fund Description

The Manager believes companies undergoing Positive Dynamic Change offer the best 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 Portfolio focuses on stocks of companies that the Manager believes demonstrate growth potential and on fixed-income securities, with emphasis on income-producing securities that appear to have potential for capital appreciation. Under normal circumstances, the Portfolio invests in equity securities and in fixed-income securities, which may include corporate bonds, debentures and notes, U.S. Government securities, mortgage-backed and asset-backed securities, commercial paper and other fixed-income securities. Most of the Portfolio’s fixed-income investments will be concentrated within the four highest rating categories as determined by one of the Nationally Recognized Statistical Rating Organizations (“NRSROs”) (or, if unrated, will have been determined to be of comparable quality by the Manager). Under normal circumstances, the Portfolio will invest at least 25% of its net assets in fixed-income securities and at least 25% of its net assets in equity securities.The Portfolio may sell a stock when it reaches a target price, it fails to perform as expected, or other opportunities appear more attractive.The Portfolio may invest a significant portion of its assets in securities of companies conducting business within a single sector, as defined by third party sources, including the financial, information technology, and health care sectors.The Portfolio invests in cash (and cash equivalents) when the Portfolio is unable to find enough attractive long-term investments to meet its investment objective, to meet redemptions and/or when the Manager believes it is advisable to do so during times of short-term market volatility. During these times, cash (and cash equivalents) will not exceed 15% of the Portfolio’s net assets.
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ABLOX - Performance

Return Ranking - Trailing

Period ABLOX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.7% 0.5% 29.7% 5.38%
1 Yr 19.9% 0.6% 57.2% 7.08%
3 Yr 7.5%* -6.3% 10.8% 0.74%
5 Yr 10.6%* -3.8% 14.8% 4.82%
10 Yr 8.7%* 0.5% 10.6% 4.54%

* Annualized

Return Ranking - Calendar

Period ABLOX Return Category Return Low Category Return High Rank in Category (%)
2023 15.4% -12.2% 23.9% 7.66%
2022 -16.3% -34.7% 2.8% 28.10%
2021 14.9% -11.9% 18.1% 2.09%
2020 8.5% -20.9% 39.7% 42.88%
2019 14.9% 0.8% 25.7% 38.81%

Total Return Ranking - Trailing

Period ABLOX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.7% 0.5% 29.7% 5.38%
1 Yr 19.9% 0.6% 57.2% 7.08%
3 Yr 7.5%* -6.3% 10.8% 0.74%
5 Yr 10.6%* -3.8% 14.8% 4.82%
10 Yr 8.7%* 0.5% 10.6% 4.54%

* Annualized

Total Return Ranking - Calendar

Period ABLOX Return Category Return Low Category Return High Rank in Category (%)
2023 17.4% -12.2% 26.8% 13.62%
2022 -11.3% -29.0% 10.9% 20.46%
2021 19.1% -3.0% 27.3% 2.09%
2020 10.2% -19.5% 40.6% 71.83%
2019 19.5% 2.2% 32.7% 52.17%

NAV & Total Return History


ABLOX - Holdings

Concentration Analysis

ABLOX Category Low Category High ABLOX % Rank
Net Assets 57.9 M 789 K 217 B 89.30%
Number of Holdings 101 2 15716 44.68%
Net Assets in Top 10 17.8 M 618 K 62.8 B 92.34%
Weighting of Top 10 31.69% 11.3% 121.1% 66.67%

Top 10 Holdings

  1. MICROSOFT CORP 0.00000000 7.24%
  2. APPLE INC 0.00000000 6.10%
  3. BROADCOM INC 0.00000000 2.99%
  4. KLA CORP 0.00000000 2.53%
  5. ALPHABET INC-CL A 0.00000000 2.40%
  6. JPMORGAN CHASE CO 0.00000000 2.24%
  7. CROWN CASTLE INC REGD 3.20000000 2.11%
  8. UNITEDHEALTH GROUP INC 0.00000000 2.07%
  9. APPLE INC REGD 1.12500000 2.04%
  10. ALPHABET INC-CL C 0.00000000 1.97%

Asset Allocation

Weighting Return Low Return High ABLOX % Rank
Stocks
69.27% 0.00% 103.09% 51.35%
Bonds
26.35% 0.00% 77.51% 41.56%
Other
2.52% -42.80% 119.29% 13.76%
Cash
1.87% -7.92% 100.00% 41.56%
Preferred Stocks
0.00% 0.00% 23.88% 62.84%
Convertible Bonds
0.00% 0.00% 23.84% 94.71%

Stock Sector Breakdown

Weighting Return Low Return High ABLOX % Rank
Technology
26.66% 0.00% 44.21% 6.73%
Healthcare
14.31% 0.00% 29.35% 39.83%
Financial Services
13.36% 0.00% 38.77% 68.62%
Communication Services
11.77% 0.00% 38.10% 4.87%
Consumer Defense
7.58% 0.00% 15.14% 28.22%
Consumer Cyclical
6.73% 0.00% 19.36% 80.66%
Industrials
6.39% 0.00% 24.37% 93.55%
Energy
4.87% 0.00% 85.65% 47.13%
Real Estate
4.75% 0.00% 65.01% 30.23%
Basic Materials
2.19% 0.00% 33.35% 83.67%
Utilities
1.37% 0.00% 99.55% 84.81%

Stock Geographic Breakdown

Weighting Return Low Return High ABLOX % Rank
US
69.27% 0.00% 103.09% 47.66%
Non US
0.00% 0.00% 39.69% 64.54%

Bond Sector Breakdown

Weighting Return Low Return High ABLOX % Rank
Corporate
80.58% 0.00% 98.21% 5.00%
Cash & Equivalents
1.77% 0.00% 99.92% 38.72%
Derivative
0.00% -3.07% 46.02% 91.77%
Securitized
0.00% 0.00% 92.13% 99.57%
Municipal
0.00% 0.00% 24.80% 99.14%
Government
0.00% 0.00% 97.26% 99.71%

Bond Geographic Breakdown

Weighting Return Low Return High ABLOX % Rank
US
26.35% 0.00% 77.51% 41.42%
Non US
0.00% 0.00% 11.88% 58.01%

ABLOX - Expenses

Operational Fees

ABLOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.07% 0.03% 17.63% 44.85%
Management Fee 0.71% 0.00% 1.83% 85.92%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.03% 0.01% 0.83% 2.14%

Sales Fees

ABLOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

ABLOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

ABLOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 11.10% 0.00% 343.00% 12.86%

ABLOX - Distributions

Dividend Yield Analysis

ABLOX Category Low Category High ABLOX % Rank
Dividend Yield 1.28% 0.00% 17.90% 69.72%

Dividend Distribution Analysis

ABLOX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Quarterly SemiAnnual

Net Income Ratio Analysis

ABLOX Category Low Category High ABLOX % Rank
Net Income Ratio 0.88% -2.34% 19.41% 64.21%

Capital Gain Distribution Analysis

ABLOX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Monthly Semi-Monthly

Distributions History

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ABLOX - Fund Manager Analysis

Managers

Gregory Adams


Start Date

Tenure

Tenure Rank

Feb 28, 2013

9.26

9.3%

Greg Adams, CFA is Senior Vice President, Portfolio Manager of the Alger Dynamic Opportunities strategy, the Alger Responsible Investing Fund, the Alger Growth and Income strategy, and Director of Quantitative & Risk Management. Greg joined Alger in 2006 and has 32 years of experience. Previously, he was Director of Quantitative Research at Lord Abbett & Co., and was responsible for portfolio construction simulation and quantitative stock selection. Over the course of his career, Greg was Managing Director and Portfolio Manager at Deutsche Asset Management and The Chase Manhattan Bank. At Deutsche, where he managed over $10 billion in assets, he was the lead Portfolio Manager for the U.S. Large Cap Core Funds, including Scudder’s flagship Growth & Income Fund. Greg began his tenure at Chase in 1987 as an equity analyst and was promoted to Co‐Manager of the Chase Vista Balanced Fund and the Chase Vista Growth & Income Fund, managing over $2 billion during his tenure. In 1994, Greg was named Manager of the Chase Vista Large Cap Equity Fund. Greg earned a B.A. in American History from the University of Pennsylvania’s School of Arts & Sciences and a B.S. in Economics and Finance from The Wharton School. Greg is a CFA charterholder and a member of the CFA Institute.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 34.51 6.34 2.41