Fund Evaluator:
Alger Growth & Income A (ALBAX)
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Best Performing in Large Blend Over the Last Year
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Fund Details
Alger Growth & Income A Overview
Alger Growth & Income A (ALBAX) is an actively managed U.S. Equity Large Blend fund. Alger launched the fund in 1996.
The investment seeks to provide capital appreciation and current income. The advisor 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 advisor 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.
About Alger Growth & Income A (ALBAX)
There are 1 members of the management team with an average tenure of 14.34 years: Gregory Adams (2012). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: S&P 500 (TR) (1970) index with a weighting of 100%. Alger Growth & Income A has 81 securities in its portfolio. The top 10 holdings constitute 47.0% 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 Growth & Income A is part of the Equity global asset class and is within the U.S. Equity fund group. Alger Growth & Income A has 4.3% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 90.4%. There is 4.3% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Alger Growth & Income A has 5.3% of the portfolio in cash.
Assets Under Management
The fund has $260 million in total assets, which is below the $6 billion average for the Large Blend 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.
ALBAX 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 Growth & Income A expense ratio is high compared to funds in the Large Blend category. Alger Growth & Income A has an expense ratio of 0.93%, which is 15% higher than its category average, making the fund expense ratio grade a D. 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 Growth & Income A has a portfolio turnover rate of 4%, indicating that holds its assets around 0.2 years. By way of comparison, the average portfolio turnover is 48% for the Large Blend category.
Recently, in the month of July 2026, Alger Growth & Income A returned -0.7%, which earned it a grade of F, as the Large Blend category had an average return of 0.4%. 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 Growth & Income A has a trailing yield of 0.72%, which is above the 0.56% category average. The fund normally distributes its income quarterly 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 Growth & Income A Grades
Year to date, the fund has returned 13.0%, 3.7 percentage points better than the category, which translates into a grade of A. The fund has returned 25.4% over the past year (grade of A), 20.2% over the past three years (grade of A) and 13.8% per year over the past five years (grade of A) and 15.1% per year over the past 10 years (grade of A).
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ALBAX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| ALBAX Return (NAV) | -0.7% | 3.7% | 25.4% | 20.2% | 13.8% | 15.1% |
| ALBAX Grade | F | D | A | A | A | A |
| +/- Category | -1.1% | -0.3% | 8.0% | 2.9% | 2.7% | 1.4% |
| Large Blend Avg | 0.4% | 4.1% | 17.5% | 17.3% | 11.1% | 13.7% |
| ALBAX Tax Cost Ratio | na | na | 0.3% | 0.4% | 0.6% | 0.9% |
ALBAX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| ALBAX Return (NAV) | 13.0% | 20.2% | 21.8% | 23.0% | -14.1% | 30.7% | 15.2% | 28.9% | -4.7% | 20.6% | 10.2% |
| ALBAX Grade | A | A | D | D | A | A | D | D | B | D | C |
| +/- Category | 3.7% | 4.3% | -0.2% | -0.7% | 3.2% | 4.2% | -2.3% | -0.9% | 1.1% | -0.7% | 0.0% |
| Large Blend Avg | 9.3% | 15.8% | 22.1% | 23.7% | -17.3% | 26.5% | 17.5% | 29.8% | -5.9% | 21.3% | 10.2% |
| Risk Measures | |
| Standard Deviation: | 11.9% |
| Total Risk Index: | 0.97 - Average |
| Category Risk Index: | 0.90 - Low |
| Category Risk Grade: | A (11% Rank) |
| Beta: | 0.88 |
| R-Squared: | 93% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Value |
| Bond Investment Style: | na |
| Yield: | 0.7% |
| Dividend Distribution: | Quarterly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $970 Mil |
| Fund Total Assets: | $ 260 Mil |
| Share Class Type: | A |
| Portfolio Turnover: | 5% |
Management Team
| Number of Managers: 1 | |||
| Longest Tenure: 14.3 years | |||
| Average Tenure: 14.3 years | |||
| Managers (Year): Adams Gregory (2012) | |||
Portfolio Composition (as of 5/31/26)
| # of Holdings: | 81 |
| % in Top 10 Holdings: | 47.0% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 4.3% |
Portfolio Allocation |
|
| Domestic Stock: | 90.4% |
| Foreign Stock: | 4.3% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 5.3% |
Purchase Information
| Fund Family: | Alger |
| Phone Number: | 800-992-3863 |
| Website: | www.alger.com |
| Status: | Open |
| Inception Date: | December 31, 1996 |
| Min. Initial Purchase: | $1,000 |
| Min. Initial IRA Purchase: | $ 500 |
| True No-Load: | No |
| Front Load Maximum: | 5.25% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.25% |
Expenses and Fees | |
| Expense Ratio (%): | 0.93% ( Rating : High ) |
| Category Average Expense Ratio (%): | 0.81% |
| Share Class: | Alger Growth & Income A |
| Min. Subsequent Purchase: | $ 50 |
| Min. Subsequent IRA Purchase: | $ 50 |
