Alger Growth & Income Fund Class A (ALBAX)

Overview

The advisor operates with a strategic focus on investing primarily in dividend-paying equity securities, allocating at least 65% of its total assets towards this end. This commitment indicates a preference for stability and steady income generation through dividends. Moreover, the flexibility to invest up to 35% in non-dividend-paying equity securities or in money market instruments and repurchase agreements allows the firm to navigate various market conditions and opportunities. The advisor’s investment philosophy leans towards supporting growing companies that demonstrate significant market capitalization, specifically those on par with or exceeding the size of companies indexed in the S&P 500 as of the latest quarterly report. This strategy underscores a preference for established, potentially resilient companies that may offer both stability and growth potential.

Products and Services

• Dividend Paying Equity Securities Investment

  An investment service focusing on allocating a majority of assets into equity securities that yield dividends. This product aims at investors seeking stable income from their investments, leveraging the potential of dividend-paying companies. The strategy targets securities of companies with a strong financial standing and a reliable dividend payout history.

• Flexible Equity and Money Market Instruments Investment

  A portion of the portfolio may be invested in equity securities that do not pay dividends or in money market instruments and repurchase agreements. This service offers flexibility and diversification, intending to balance the portfolio by investing in growth-oriented stocks without current dividend yields and incorporating lower-risk money market instruments for liquidity and safety.

• Focus on S&P 500 Equivalent Market Capitalization Companies

  This strategic investment approach pinpoints companies with a market capitalization equal to or greater than those listed in the S&P 500 Index, as of the most recent quarter-end. It emphasizes investing in growing, substantial companies that have achieved a significant scale, thus potentially offering a blend of stability and growth prospects.