Alger Balanced Portfolio Class I-2 (ABLOX) NASDAQ
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- General
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- Profile
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Currency In USD
Address
Alger Portfolios
United States of America (the)
Phone
800-992-3863
Sector
Financial Services
Industry
Asset Management
Employees
N/A
First IPO Date
September 08, 1989
The portfolio manager primarily targets equity investments in companies identified for their robust growth prospects. Alongside this, the fund allocates capital to fixed-income instruments, prioritizing those that not only produce income but also offer the potential for an increase in value. As a standard practice, at least one-quarter (25%) of the fund's net assets are dedicated to debt securities, and an equivalent minimum of 25% is allocated to equity holdings. Additionally, the fund maintains the option to invest up to 10% of its net assets in debt instruments with lower credit ratings, provided they receive a rating of 'B' (or an equivalent grade) or higher from any accredited rating agency.