Fund Evaluator:
Alger Balanced I-2 (ABLOX)
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Best Performing in Moderate Allocation Over the Last Year
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Fund Details
Alger Balanced I-2 Overview
Alger Balanced I-2 (ABLOX) is an actively managed Allocation Moderate Allocation fund. Alger launched the fund in 1989.
The investment seeks current income and long-term capital appreciation. The manager focuses on stocks of companies that the advisor believes demonstrate growth potential and on fixed-income securities, with emphasis on income-producing securities that appear to have potential for capital appreciation. It normally 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 fund also may invest up to 10% of its net assets in lower-rated securities, rated "B" (or the equivalent) or better by any one of those rating agencies.
About Alger Balanced I-2 (ABLOX)
There are 1 members of the management team with an average tenure of 13.34 years: Gregory Adams (2013). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and Bloomberg US Govt/Credit TR USD index with a weighting of 100%. Alger Balanced I-2 has 113 securities in its portfolio. The top 10 holdings constitute 36.4% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Alger Balanced I-2 is part of the Allocation global asset class and is within the Allocation fund group. Alger Balanced I-2 has 4.7% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 70.5%. There is 3.3% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 24.0% (22.6% domestic bond, 1.5% foreign bond and 0.0% convertible bond). Alger Balanced I-2 has 2.2% of the portfolio in cash.
Assets Under Management
The fund has $71 million in total assets, which is below the $2 billion average for the Moderate Allocation category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
ABLOX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Alger Balanced I-2 expense ratio is high compared to funds in the Moderate Allocation category. Alger Balanced I-2 has an expense ratio of 0.94%, which is 5% lower than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Alger Balanced I-2 has a portfolio turnover rate of 10%, indicating that holds its assets around 0.1 years. By way of comparison, the average portfolio turnover is 52% for the Moderate Allocation category.
Recently, in the month of June 2026, Alger Balanced I-2 returned 0.2%, which earned it a grade of C, as the Moderate Allocation category had an average return of 0.1%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Alger Balanced I-2 has a trailing yield of 2.45%, which is above the 1.97% category average. The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Alger Balanced I-2 Grades
Year to date, the fund has returned 10.7%, 3.9 percentage points better than the category, which translates into a grade of A. The fund has returned 22.5% over the past year (grade of A), 17.2% over the past three years (grade of A) and 11.2% per year over the past five years (grade of A) and 11.1% per year over the past 10 years (grade of A).
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ABLOX Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| ABLOX Return (NAV) | 0.2% | 12.0% | 22.5% | 17.2% | 11.2% | 11.1% |
| ABLOX Grade | C | A | A | A | A | A |
| +/- Category | 0.2% | 3.7% | 8.3% | 4.3% | 4.3% | 2.4% |
| Moderate Allocation Avg | 0.1% | 8.3% | 14.2% | 12.9% | 6.9% | 8.7% |
| ABLOX Tax Cost Ratio | na | na | 3.4% | 1.4% | 1.3% | 1.5% |
ABLOX Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| ABLOX Return (NAV) | 10.7% | 16.1% | 17.1% | 17.4% | -11.3% | 19.1% | 10.2% | 19.5% | -3.3% | 15.4% | 8.5% |
| ABLOX Grade | A | A | A | B | B | A | D | C | B | B | B |
| +/- Category | 3.9% | 2.8% | 4.9% | 3.1% | 2.7% | 4.8% | -2.6% | -0.3% | 1.7% | 1.7% | 0.8% |
| Moderate Allocation Avg | 6.7% | 13.3% | 12.2% | 14.4% | -14.0% | 14.4% | 12.8% | 19.8% | -5.1% | 13.7% | 7.7% |
| Risk Measures | |
| Standard Deviation: | 9.1% |
| Total Risk Index: | 0.75 - Below Average |
| Category Risk Index: | 0.99 - Average |
| Category Risk Grade: | C (44% Rank) |
| Beta: | 0.85 |
| R-Squared: | 76% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Blend |
| Bond Investment Style: | na |
| Yield: | 2.5% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $71 Mil |
| Fund Total Assets: | $ 71 Mil |
| Share Class Type: | Inst |
| Portfolio Turnover: | 10% |
Management Team
| Number of Managers: 1 | |||
| Longest Tenure: 13.3 years | |||
| Average Tenure: 13.3 years | |||
| Managers (Year): Adams Gregory (2013) | |||
Portfolio Composition (as of 4/30/26)
| # of Holdings: | 113 |
| % in Top 10 Holdings: | 36.4% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 4.7% |
Portfolio Allocation |
|
| Domestic Stock: | 70.5% |
| Foreign Stock: | 3.3% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 22.6% |
| Foreign Bond: | 1.5% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 2.2% |
Purchase Information
| Fund Family: | Alger |
| Phone Number: | 800-992-3863 |
| Website: | www.alger.com/pt/ |
| Status: | Open |
| Inception Date: | September 5, 1989 |
| Min. Initial Purchase: | $500,000 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.94% ( Rating : High ) |
| Category Average Expense Ratio (%): | 0.99% |
| Share Class: | Alger Balanced I-2 |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
