ALBCX — Alger Growth & Income Fund, Class C
Data updated: 2026-09-25
ALBCX — Alger Growth & Income Fund, Class C. 1.68% expense ratio · 1.00% deferred sales charge · since 1997. Holdings, fees, performance and SEC filings.
ALBCX Fund Overview
ALBCX — Alger Growth & Income Fund, Class C is a US mutual fund managed by Alger Funds, categorised as United States Large Cap Growth Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Alger Funds
- Category: United States Large Cap Growth Equity
- Assets under management: $970.62M
- 1-year return: 36.6%
- Ticker: ALBCX
- SEC CIK: 0000003521
- SEC series ID: S000009161
- Share class ID: C000024908
ALBCX Investment Objective and Strategy
Alger Growth & Income Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Alger Funds.
Investment objective
Alger Growth & Income Fund seeks to provide capital appreciation and current income.
Principal investment strategy
Fred Alger Management, Inc. 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, significantly growing demand or market dominance. Positive Lifecycle Change companies are, for example, companies benefitting from regulatory change, a new product introduction or management change. The Fund invests primarily in equity securities such as common or preferred stocks which Fred Alger Management, Inc. believes offer opportunities for capital appreciation and which also pay dividends. In considering such companies, Fred Alger Management, Inc.
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, 2017, the market capitalization of the companies in this index ranged from $2.7 billion to $868.9 billion. 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.
ALBCX Holdings
Top 10 holdings of Alger Growth & Income Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Apple, Inc. | 6.91% |
| Microsoft Corp. | 6.68% |
| Broadcom, Inc. | 6.35% |
| Dreyfus Treasury Obligations Cash Management | 6.24% |
| Kla Corp. | 5.04% |
| Alphabet, Inc. | 4.56% |
| JP Morgan Chase & Company | 3.63% |
| Alphabet, Inc. | 3.57% |
| Amazon.com, Inc. | 3.07% |
| Morgan Stanley | 2.77% |
ALBCX Portfolio Allocation
Asset-class allocation of Alger Growth & Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 94.0% |
| Cash & Equivalents | 6.2% |
ALBCX Performance
Total returns for ALBCX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 8.69% |
| 1 year | 36.56% |
| 3 years (annualised) | 16.17% |
| 5 years (annualised) | 9.38% |
ALBCX Risk Information
Risk metrics for ALBCX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 13.21%
ALBCX Costs and Fees
ALBCX costs about $168 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.68%
- Gross expense ratio: 1.68%
- Portfolio turnover: 5%
- Brokerage commissions: 0.44 bps of average net assets (SEC N-CEN)
ALBCX Cashflows
Over the 12 months to 2026-04, Alger Growth & Income Fund had net outflows of $2.99M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-04 | $21.22M |
| 2026-03 | −$7.42M |
| 2026-02 | −$5.94M |
| 2026-01 | $9.26M |
| 2025-12 | $10.27M |
| 2025-11 | −$2.76M |
ALBCX Debt Constituents
No individual debt constituents are reported in Alger Growth & Income Fund's latest SEC N-PORT filing.
ALBCX Prospectus and SEC Filings
Official Alger Growth & Income Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2025-02-26
- Prospectus supplement (497) — filed 2026-03-05
- Prospectus supplement (497) — filed 2025-03-04
- Portfolio holdings (N-PORT) — filed 2026-09-25
- Portfolio holdings (N-PORT) — filed 2026-06-26
- Portfolio holdings (N-PORT) — filed 2026-03-27
- Annual census (N-CEN) — filed 2026-01-14
- Annual census (N-CEN) — filed 2025-01-13
Related Funds
Other United States Large Cap Growth Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.