Alger was established in 1964, and its headquarters are located in New York City. It provides growth equity investment management specialized for managed mutual funds, ETFs and separately managed accounts. The mutual funds are based on a research-driven process to pinpoint companies that may be at a point of a change in management, products, or structure. Alger offers funds across different market capitalizations, including large-cap, mid-cap, and small-cap strategies. Its investment team conducts fundamental research to create growth opportunities. All these attributes make Alger mutual funds a good and worthy investment option.
We have chosen two Alger mutual funds, Alger Focus Equity ALGRX and Alger Growth & Income ALBAX, which investors should buy now for the long term. These funds have a Zacks Mutual Fund Rank #1 (Strong Buy) or 2 (Buy), positive three-year and five-year annualized returns, minimum initial investments within $5000 and expense ratios considerably lower than the category average. So, these funds have provided a comparatively stronger performance and carry a lower fee.
Alger Focus Equity fund seeks long-term capital appreciation. ALGRX focuses on growing companies that generally have broad product lines, markets, financial resources and depth of management.
Patrick Kelly has been the lead manager of ALGRX since Dec. 1, 2012. Most of the fund’s holdings were in companies like NVIDIA Corp (12.5%), Microsoft Corp (11%) and Meta Platforms, Inc. (6.2%) as of Oct. 31, 2024.
ALGRX’s 3-year and 5-year annualized returns are 11.9% and 19.6%, respectively. Its net expense ratio is 0.91%. ALGRX has a Zacks Mutual Fund Rank #1.
To see how this fund performed compared to its category, and other 1 and 2 Ranked Mutual Funds, please click here.
Alger Growth & Income seeks current income and long-term capital appreciation by investing in stocks of companies with growth potential and fixed-income securities, with emphasis on income-producing securities that appear to have some potential for capital appreciation.
Brandon D. Bond has been the lead manager of ALBAX since Feb. 1, 2023. Most of the fund’s holdings were in companies like Microsoft Corp (9.3%), Apple Inc. (7.7%) and Broadcom Inc. (4.8%) as of July 31, 2024.
ALBAX’s 3-year and 5-year annualized returns are 8.7% and 14.1%, respectively. Its net expense ratio is 0.93%. ALBAX has a Zacks Mutual Fund Rank #2.
Want key mutual fund info delivered straight to your inbox?
Zacks' free Fund Newsletter will brief you on top news and analysis, as well as top-performing mutual funds, each week. Get it free >>
Just Released: Zacks Top 10 Stocks for 2025
Hurry – you can still get in early on our 10 top tickers for 2025. Handpicked by Zacks Director of Research Sheraz Mian, this portfolio has been stunningly and consistently successful. From inception in 2012 through November, 2024, the Zacks Top 10 Stocks gained +2,112.6%, more than QUADRUPLING the S&P 500’s +475.6%. Sheraz has combed through 4,400 companies covered by the Zacks Rank and handpicked the best 10 to buy and hold in 2025. You can still be among the first to see these just-released stocks with enormous potential.
Get Your Free (ALBAX): Fund Analysis Report
Get Your Free (ALGRX): Fund Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
