Alger Growth & Income Z
Alger Funds111 Fifth AvenueNew York, NY 10003
Map
Phone: 800-992-3362
| Category: | Large Blend | | Fund Family: | Alger | | Net Assets: | 89.54M | | Year-to-Date Return: | 6.86% | | Yield: | N/A | | Morningstar Rating: |  | | Fund Inception Date: | Feb 29, 2012 |
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Gregory S. Adams
Lead Manager since Apr 10, 2012 | | | Greg Adams, CFA is a Senior Vice President, Portfolio Manager of the Alger Dynamic Opportunities Fund, and Director of Quantitative Strategy and Risk Management. Greg joined Alger in 2006 and has 24 years of investment 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, he was lead Portfolio Manager for the U.S. Large Cap Core Funds, including Scudderâs flagship Growth & Income Fund. Greg began his tenure at Chase in 1987 as an equity analyst and was promoted to CoâManager of the Chase Vista Balanced Fund and the Chase Vista Growth & Income Fund. 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 Pennsylvaniaâs School of Arts & Sciences. He graduated from The Wharton School with a B.S. in Economics and Finance. Greg is a CFA charterholder and a member of the CFA Institute. |
| Min Initial Investment: | 500,000 | | Min Initial Investment, IRA: | N/A | | Min Initial Investment, AIP: | N/A | | Min Subsequent Investment: | N/A | | Min Subsequent Investment, IRA: | N/A | | Min Subsequent Investment, AIP: | N/A |
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| The investment seeks to provide capital appreciation and current income.
The fund intends to invest at least 65% of its total assets in dividend paying equity securities. It 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. It can also invest in derivative instruments. |
| Last Dividend
(Mar 18, 2013)
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| 0.00 | | Last Cap Gain
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| 0.00 | | Annual Holdings Turnover
(May 19, 2013)
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| 45.36% | | Average for Category: | 51.91% |
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| Expense | AGIZX | Category Avg |
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| Annual Report Expense Ratio (net): | 0.95% | 1.11% | | Prospectus Net Expense Ratio: | 0.95% | N/A | | Prospectus Gross Expense Ratio: | 2.92% | N/A | | Max 12b1 Fee: | N/A | N/A | | Max Front End Sales Load: | N/A | 5.27% | | Max Deferred Sales Load:
| N/A | 2.36% | | 3 Yr Expense Projection*: | 717 | 775 | | 5 Yr Expense Projection*: | 1,364 | 1,258 | | 10 Yr Expense Projection*: | 3,101 | 2,352 |
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0.10(0.35%) May 23