|
Class |
Ticker
Symbol |
Alger
Capital Appreciation Fund |
A |
ACAAX |
C |
ALCCX | |
Alger
International Focus Fund |
A |
ALGAX |
B |
AFGPX | |
C |
ALGCX | |
Alger
Mid Cap Focus Fund |
A |
ALOAX |
C |
ALOCX | |
Alger
Mid Cap Growth Fund |
A |
AMGAX |
B |
AMCGX | |
C |
AMGCX | |
Alger
Weatherbie Enduring Growth Fund |
A |
ALEAX |
C |
ALECX | |
Alger
Weatherbie Specialized Growth Fund |
A |
ALMAX |
C |
ALMCX | |
Alger
Small Cap Growth Fund |
A |
ALSAX |
B |
ALSCX | |
C |
AGSCX | |
Alger
Small Cap Focus Fund |
A |
AOFAX |
C |
AOFCX | |
Alger
Health Sciences Fund |
A |
AHSAX |
C |
AHSCX | |
Alger
Growth & Income Fund |
A |
ALBAX |
C |
ALBCX |
Effective
on or about April 21, 2023, Alger Weatherbie Enduring Growth Fund will be
liquidated. On January 6, 2023, the Fund was closed
to
further investment, excluding reinvestment of any dividends and
distributions. |
|
1 |
||
|
|
1 |
|
|
|
6 |
|
|
|
12 |
|
|
|
18 |
|
|
|
23 |
|
|
|
29 |
|
|
|
35 |
|
|
|
40 |
|
|
|
45 |
|
|
|
50 |
|
|
55 |
||
|
|
55 |
|
|
|
56 |
|
|
|
57 |
|
|
62 |
||
|
|
62 |
|
|
|
63 |
|
|
|
63 |
|
|
|
64 |
|
|
65 |
||
|
|
65 |
|
|
|
65 |
|
|
|
65 |
|
|
|
66 |
|
|
|
66 |
|
|
|
67 |
|
|
|
68 |
|
|
|
71 |
|
|
|
73 |
|
|
|
73 |
|
|
73 |
||
|
|
73 |
|
|
|
73 |
|
|
|
74 |
|
|
|
74 |
|
|
|
74 |
|
|
|
75 |
|
|
|
75 |
|
|
|
75 |
|
|
76 |
||
|
76 |
||
|
76 |
||
|
79 |
||
|
83 |
A-1 |
|||
Back
Cover:For Fund
Information |
|
Class
A |
Class
C |
Maximum
sales charge (load) imposed on purchases as a % of offering
price |
|
|
Maximum
deferred sales charge (load) as a % of purchase price or redemption
proceeds, whichever is lower |
|
|
|
Class
A |
Class
C |
Advisory
Fees** |
|
|
Distribution
and/or Service (12b-1) Fees |
|
|
Other
Expenses |
|
|
Total
Annual Fund Operating Expenses*** |
|
|
|
1
Year |
3
Years |
5
Years |
10
Years |
Class
A |
$ |
$ |
$ |
$ |
Class
C |
$ |
$ |
$ |
$ |
|
1
Year |
3
Years |
5
Years |
10
Years |
Class
C |
$ |
$ |
$ |
$ |
|
|
|
|
|
|
|
1
Year |
5
Years |
10
Years |
Inception
Date |
Class
A |
|
|
|
|
Return
Before Taxes |
- |
|
|
|
Return
After Taxes on Distributions |
- |
|
|
|
Return
After Taxes on Distributions and Sale of Fund Shares |
- |
|
|
|
Class
C |
|
|
|
|
Return
Before Taxes |
- |
|
|
|
Russell
1000 Growth Index (reflects
no deductions for fees, expenses or taxes) |
- |
|
|
|
Investment
Manager |
Portfolio
Managers Jointly and Primarily Responsible for Day-to-Day Management of
the
Fund |
Fred
Alger Management, LLC |
Dan
C. Chung, CFA
Chief
Executive Officer, Chief Investment Officer and Portfolio
Manager
Since
February 2021 |
Patrick
Kelly, CFA
Executive
Vice President, Head of Alger Capital Appreciation and Spectra Strategies
and
Portfolio
Manager
Since
September 2004 | |
Ankur
Crawford, Ph.D.
Executive
Vice President and Portfolio Manager
From
June 2015 to February 2021; and
From
March 2021 to Present |
Type
of Account |
Initial
Investment |
Subsequent
Investment |
Regular
account |
$1,000 |
$50 |
Retirement
Accounts (including IRAs) |
500 |
50 |
Automatic
Investment |
500 |
50 |
Asset-based
Fee Program Accounts |
250 |
50 |
|
Class
A |
Class
B |
Class
C |
Maximum
sales charge (load) imposed on purchases as a % of offering
price |
|
|
|
Maximum
deferred sales charge (load) as a % of purchase price or redemption
proceeds, whichever is lower |
|
|
|
|
Class
A |
Class
B |
Class
C |
Advisory
Fees** |
|
|
|
Distribution
and/or Service (12b-1) Fees |
|
|
|
Other
Expenses |
|
|
|
Total
Annual Fund Operating Expenses |
|
|
|
|
1
Year |
3
Years |
5
Years |
10
Years |
Class
A |
$ |
$ |
$ |
$ |
Class
B |
$ |
$ |
$ |
$ |
Class
C |
$ |
$ |
$ |
$ |
|
1
Year |
3
Years |
5
Years |
10
Years |
Class
B |
$ |
$ |
$ |
$ |
Class
C |
$ |
$ |
$ |
$ |
|
|
|
|
|
|
|
1
Year |
5
Years |
10
Years |
Inception
Date |
Class
A |
|
|
|
|
Return
Before Taxes |
- |
|
|
|
Return
After Taxes on Distributions |
- |
- |
|
|
Return
After Taxes on Distributions and Sale of Fund Shares |
- |
|
|
|
Class
B |
|
|
|
|
Return
Before Taxes |
- |
|
|
|
Class
C |
|
|
|
|
Return
Before Taxes |
- |
|
|
|
MSCI
AC WORLD INDEX ex USA (reflects
no deductions for fees, expenses or taxes) |
- |
|
|
|
Investment
Manager |
Portfolio
Managers Jointly and Primarily Responsible for Day-to-Day Management of
the
Fund |
Fred
Alger Management, LLC |
Gregory
Jones, CFA
Senior
Vice President and Portfolio Manager
Since
March 2018 |
Pragna
Shere, CFA
Senior
Vice President and Portfolio Manager
Since
March 2018 |
Type
of Account |
Initial
Investment |
Subsequent
Investment |
Regular
account |
$1,000 |
$50 |
Retirement
Accounts (including IRAs) |
500 |
50 |
Automatic
Investment |
500 |
50 |
Asset-based
Fee Program Accounts |
250 |
50 |
|
Class
A |
Class
C |
Maximum
sales charge (load) imposed on purchases as a % of offering
price |
|
|
Maximum
deferred sales charge (load) as a % of purchase price or redemption
proceeds, whichever is lower |
|
|
|
Class
A |
Class
C |
Advisory
Fees(2)
|
|
|
Distribution
and/or Service (12b-1) Fees |
|
|
Other
Expenses |
|
|
Total
Annual Fund Operating Expenses(3)
|
|
|
Fee
Waiver and/or Expense Reimbursement |
|
( |
Total
Annual Fund Operating Expenses After Fee Waiver and/or Expense
Reimbursement |
|
|
|
1
Year |
3
Years |
5
Years |
10
Years |
Class
A |
$ |
$ |
$ |
$ |
Class
C |
$ |
$ |
$ |
$ |
|
1
Year |
3
Years |
5
Years |
10
Years |
Class
C |
$ |
$ |
$ |
$ |
|
|
|
|
|
|
|
1
Year |
Since
Inception |
Inception
Date |
Class
A |
|
|
|
Return
Before Taxes |
- |
- |
|
Return
After Taxes on Distributions |
- |
- |
|
Return
After Taxes on Distributions and Sale of Fund Shares |
- |
- |
|
Class
C |
|
|
|
Return
Before Taxes |
- |
- |
|
Russell
Midcap Growth Index (reflects
no deductions for fees, expenses or taxes) |
- |
- |
|
Investment
Manager |
Portfolio
Manager Primarily Responsible for Day-to-Day Management of the
Fund |
Fred
Alger Management, LLC |
Amy
Y. Zhang, CFA
Executive
Vice President and Portfolio Manager
Since
April 2019 |
Type
of Account |
Initial
Investment |
Subsequent
Investment |
Regular
account |
$1,000 |
$50 |
Retirement
Accounts (including IRAs) |
500 |
50 |
Automatic
Investment |
500 |
50 |
Asset-based
Fee Program Accounts |
250 |
50 |
|
Class
A |
Class
B |
Class
C |
Maximum
sales charge (load) imposed on purchases as a % of offering
price |
|
|
|
Maximum
deferred sales charge (load) as a % of purchase price or redemption
proceeds, whichever is lower |
|
|
|
|
Class
A |
Class
B |
Class
C |
Advisory
Fees** |
|
|
|
Distribution
and/or Service (12b-1) Fees |
|
|
|
Other
Expenses |
|
|
|
Total
Annual Fund Operating Expenses |
|
|
|
|
1
Year |
3
Years |
5
Years |
10
Years |
Class
A |
$ |
$ |
$ |
$ |
Class
B |
$ |
$ |
$ |
$ |
Class
C |
$ |
$ |
$ |
$ |
|
1
Year |
3
Years |
5
Years |
10
Years |
Class
B |
$ |
$ |
$ |
$ |
Class
C |
$ |
$ |
$ |
$ |
|
|
|
|
|
|
|
1
Year |
5
Years |
10
Years |
Inception
Date |
Class
A |
|
|
|
|
Return
Before Taxes |
- |
|
|
|
Return
After Taxes on Distributions |
- |
|
|
|
Return
After Taxes on Distributions and Sale of Fund Shares |
- |
|
|
|
Class
B |
|
|
|
|
Return
Before Taxes |
- |
|
|
|
Class
C |
|
|
|
|
Return
Before Taxes |
- |
|
|
|
Russell
Midcap Growth Index (reflects
no deductions for fees, expenses or taxes) |
- |
|
|
|
Investment
Manager |
Portfolio
Managers Jointly and Primarily Responsible for Day-to-Day Management of
the
Fund |
Fred
Alger Management, LLC |
Dan
C. Chung, CFA
Chief
Executive Officer, Chief Investment Officer and Portfolio
Manager
Since
January 2018 |
Brandon
A. Geisler
Senior
Vice President and Portfolio Manager
Since
August 2022 |
Type
of Account |
Initial
Investment |
Subsequent
Investment |
Regular
account |
$1,000 |
$50 |
Retirement
Accounts (including IRAs) |
500 |
50 |
Automatic
Investment |
500 |
50 |
Asset-based
Fee Program Accounts |
250 |
50 |
|
Class
A |
Class
C |
Maximum
sales charge (load) imposed on purchases as a % of offering
price |
|
|
Maximum
deferred sales charge (load) as a % of purchase price or redemption
proceeds, whichever is lower |
|
|
|
Class
A |
Class
C |
Advisory
Fees** |
|
|
Distribution
and/or Service (12b-1) Fees |
|
|
Other
Expenses |
|
|
Total
Annual Fund Operating Expenses |
|
|
Fee
Waiver and/or Expense Reimbursement*** |
( |
( |
Total
Annual Fund Operating Expenses After Fee Waiver and/or Expense
Reimbursement |
|
|
|
1
Year |
3
Years |
5
Years |
10
Years |
Class
A |
$ |
$ |
$ |
$ |
Class
C |
$ |
$ |
$ |
$ |
|
1
Year |
3
Years |
5
Years |
10
Years |
Class
C |
$ |
$ |
$ |
$ |
|
|
|
|
|
|
|
1
Year |
Since
Inception |
Inception
Date |
Class
A |
|
|
|
Return
Before Taxes |
- |
- |
|
Return
After Taxes on Distributions |
- |
- |
|
Return
After Taxes on Distributions and Sale of Fund Shares |
- |
- |
|
Class
C |
|
|
|
Return
Before Taxes |
- |
- |
|
Russell
Midcap Growth Index (reflects
no deductions for fees, expenses or taxes) |
- |
- |
|
Investment
Manager |
Portfolio
Managers Jointly and Primarily Responsible for Day-to-Day Management of
the
Fund |
Fred
Alger Management, LLC |
|
Sub-Adviser |
|
Weatherbie
Capital, LLC* |
H.
George Dai, Ph.D.
Chief
Investment Officer and Senior Portfolio Manager
Since
Inception (December 2021) |
Joshua
D. Bennett, CFA
Chief
Operating Officer and Senior Portfolio Manager
Since
Inception (December 2021) |
Type
of Account |
Initial
Investment |
Subsequent
Investment |
Regular
account |
$1,000 |
$50 |
Retirement
Accounts (including IRAs) |
500 |
50 |
Automatic
Investment |
500 |
50 |
Asset-based
Fee Program Accounts |
250 |
50 |
|
Class
A |
Class
C |
Maximum
sales charge (load) imposed on purchases as a % of offering
price |
|
|
Maximum
deferred sales charge (load) as a % of purchase price or redemption
proceeds, whichever is lower |
|
|
|
Class
A |
Class
C |
Advisory
Fees** |
|
|
Distribution
and/or Service (12b-1) Fees |
|
|
Other
Expenses |
|
|
Total
Annual Fund Operating Expenses |
|
|
|
1
Year |
3
Years |
5
Years |
10
Years |
Class
A |
$ |
$ |
$ |
$ |
Class
C |
$ |
$ |
$ |
$ |
|
1
Year |
3
Years |
5
Years |
10
Years |
Class
C |
$ |
$ |
$ |
$ |
|
|
|
|
|
|
|
1
Year |
5
Years |
10
Years |
Inception
Date |
Class
A |
|
|
|
|
Return
Before Taxes |
- |
|
|
|
Return
After Taxes on Distributions |
- |
|
|
|
Return
After Taxes on Distributions and Sale of Fund Shares |
- |
|
|
|
Class
C |
|
|
|
|
Return
Before Taxes |
- |
|
|
|
Russell
2500 Growth Index (reflects
no deductions for fees, expenses or taxes) |
- |
|
|
|
Investment
Manager |
Portfolio
Managers Jointly and Primarily Responsible for Day-to-Day Management of
the
Fund |
Fred
Alger Management, LLC |
|
Sub-Adviser |
|
Weatherbie
Capital, LLC* |
H.
George Dai, Ph.D.
Chief
Investment Officer and Senior Portfolio Manager
Since
March 2017 |
Joshua
D. Bennett, CFA
Chief
Operating Officer and Senior Portfolio Manager
Since
March 2017 | |
Edward
Minn, CFA
Senior
Managing Director and Portfolio Manager
Since
July 2020 |
Type
of Account |
Initial
Investment |
Subsequent
Investment |
Regular
account |
$1,000 |
$50 |
Retirement
Accounts (including IRAs) |
500 |
50 |
Automatic
Investment |
500 |
50 |
Asset-based
Fee Program Accounts |
250 |
50 |
|
Class
A |
Class
B |
Class
C |
Maximum
sales charge (load) imposed on purchases as a % of offering
price |
|
|
|
Maximum
deferred sales charge (load) as a % of purchase price or redemption
proceeds, whichever is lower |
|
|
|
|
Class
A |
Class
B |
Class
C |
Advisory
Fees** |
|
|
|
Distribution
and/or Service (12b-1) Fees |
|
|
|
Other
Expenses |
|
|
|
Total
Annual Fund Operating Expenses |
|
|
|
|
1
Year |
3
Years |
5
Years |
10
Years |
Class
A |
$ |
$ |
$ |
$ |
Class
B |
$ |
$ |
$ |
$ |
Class
C |
$ |
$ |
$ |
$ |
|
1
Year |
3
Years |
5
Years |
10
Years |
Class
B |
$ |
$ |
$ |
$ |
Class
C |
$ |
$ |
$ |
$ |
|
|
|
|
|
|
|
1
Year |
5
Years |
10
Years |
Inception
Date |
Class
A |
|
|
|
|
Return
Before Taxes |
- |
|
|
|
Return
After Taxes on Distributions |
- |
|
|
|
Return
After Taxes on Distributions and Sale of Fund Shares |
- |
|
|
|
Class
B |
|
|
|
|
Return
Before Taxes |
- |
|
|
|
Class
C |
|
|
|
|
Return
Before Taxes |
- |
|
|
|
Russell
2000 Growth Index (reflects
no deductions for fees, expenses or taxes) |
- |
|
|
|
Investment
Manager |
Portfolio
Managers Jointly and Primarily Responsible for Day-to-Day Management of
the
Fund |
Fred
Alger Management, LLC |
Dan
C. Chung, CFA
Chief
Executive Officer, Chief Investment Officer and Portfolio
Manager
Since
January 2016 |
Amy
Y. Zhang, CFA
Executive
Vice President and Portfolio Manager
Since
February 2015 |
Type
of Account |
Initial
Investment |
Subsequent
Investment |
Regular
account |
$1,000 |
$50 |
Retirement
Accounts (including IRAs) |
500 |
50 |
Automatic
Investment |
500 |
50 |
Asset-based
Fee Program Accounts |
250 |
50 |
|
Class
A |
Class
C |
Maximum
sales charge (load) imposed on purchases as a % of offering
price |
|
|
Maximum
deferred sales charge (load) as a % of purchase price or redemption
proceeds, whichever is lower |
|
|
|
Class
A |
Class
C |
Advisory
Fees |
|
|
Distribution
and/or Service (12b-1) Fees |
|
|
Other
Expenses |
|
|
Total
Annual Fund Operating Expenses |
|
|
|
1
Year |
3
Years |
5
Years |
10
Years |
Class
A |
$ |
$ |
$ |
$ |
Class
C |
$ |
$ |
$ |
$ |
|
1
Year |
3
Years |
5
Years |
10
Years |
Class
C |
$ |
$ |
$ |
$ |
|
|
|
|
|
|
|
1
Year |
5
Years |
10
Years |
Inception
Date |
Class
A |
|
|
|
|
Return
Before Taxes |
- |
|
|
|
Return
After Taxes on Distributions |
- |
|
|
|
Return
After Taxes on Distributions and Sale of Fund Shares |
- |
|
|
|
Class
C |
|
|
|
|
Return
Before Taxes |
- |
|
|
|
Russell
2000 Growth Index (reflects
no deductions for fees, expenses or taxes) |
- |
|
|
|
Investment
Manager |
Portfolio
Manager Primarily Responsible for Day-to-Day Management of the
Fund |
Fred
Alger Management, LLC |
Amy
Y. Zhang, CFA
Executive
Vice President and Portfolio Manager
Since
February 2015 |
Type
of Account |
Initial
Investment |
Subsequent
Investment |
Regular
account |
$1,000 |
$50 |
Retirement
Accounts (including IRAs) |
500 |
50 |
Automatic
Investment |
500 |
50 |
Asset-based
Fee Program Accounts |
250 |
50 |
|
Class
A |
Class
C |
Maximum
sales charge (load) imposed on purchases as a % of offering
price |
|
|
Maximum
deferred sales charge (load) as a % of purchase price or redemption
proceeds, whichever is lower |
|
|
|
Class
A |
Class
C |
Advisory
Fees |
|
|
Distribution
and/or Service (12b-1) Fees |
|
|
Other
Expenses |
|
|
Total
Annual Fund Operating Expenses |
|
|
|
1
Year |
3
Years |
5
Years |
10
Years |
Class
A |
$ |
$ |
$ |
$ |
Class
C |
$ |
$ |
$ |
$ |
|
1
Year |
3
Years |
5
Years |
10
Years |
Class
C |
$ |
$ |
$ |
$ |
|
|
|
|
|
|
|
1
Year |
5
Years |
10
Years |
Inception
Date |
Class
A |
|
|
|
|
Return
Before Taxes |
- |
|
|
|
Return
After Taxes on Distributions |
- |
|
|
|
Return
After Taxes on Distributions and Sale of Fund Shares |
- |
|
|
|
Class
C |
|
|
|
|
Return
Before Taxes |
- |
|
|
|
S&P
500 Index (reflects
no deductions for fees, expenses or taxes) |
- |
|
|
|
Russell
3000 Health Care TR (USD) (reflects
no deductions for fees, expenses or taxes) |
- |
|
|
|
Investment
Manager |
Portfolio
Managers Jointly and Primarily Responsible for Day-to-Day Management of
the
Fund |
Fred
Alger Management, LLC |
Dan
C. Chung, CFA
Chief
Executive Officer, Chief Investment Officer and Portfolio
Manager
Since
October 2005 |
Sanjiv
Talwar, M.D., Ph.D.
Senior
Vice President, Head of Healthcare, Portfolio Manager and Senior
Analyst
Since
July 2021 |
Type
of Account |
Initial
Investment |
Subsequent
Investment |
Regular
account |
$1,000 |
$50 |
Retirement
Accounts (including IRAs) |
500 |
50 |
Automatic
Investment |
500 |
50 |
Asset-based
Fee Program Accounts |
250 |
50 |
|
Class
A |
Class
C |
Maximum
sales charge (load) imposed on purchases as a % of offering
price |
|
|
Maximum
deferred sales charge (load) as a % of purchase price or redemption
proceeds, whichever is lower |
|
|
|
Class
A |
Class
C |
Advisory
Fees |
|
|
Distribution
and/or Service (12b-1) Fees |
|
|
Other
Expenses |
|
|
Total
Annual Fund Operating Expenses |
|
|
|
1
Year |
3
Years |
5
Years |
10
Years |
Class
A |
$ |
$ |
$ |
$ |
Class
C |
$ |
$ |
$ |
$ |
|
1
Year |
3
Years |
5
Years |
10
Years |
Class
C |
$ |
$ |
$ |
$ |
|
|
|
|
|
|
|
1
Year |
5
Years |
10
Years |
Inception
Date |
Class
A |
|
|
|
|
Return
Before Taxes |
- |
|
|
|
Return
After Taxes on Distributions |
- |
|
|
|
Return
After Taxes on Distributions and Sale of Fund Shares |
- |
|
|
|
Class
C |
|
|
|
|
Return
Before Taxes |
- |
|
|
|
S&P
500 Index (reflects
no deductions for fees, expenses or taxes) |
- |
|
|
|
Investment
Manager |
Portfolio
Manager Primarily Responsible for Day-to-Day Management of the
Fund |
Fred
Alger Management, LLC |
Gregory
S. Adams, CFA
Senior
Vice President, Director of Quantitative & Risk Management and
Portfolio Manager
Since
April 2012 |
Type
of Account |
Initial
Investment |
Subsequent
Investment |
Regular
account |
$1,000 |
$50 |
Retirement
Accounts (including IRAs) |
500 |
50 |
Automatic
Investment |
500 |
50 |
Asset-based
Fee Program Accounts |
250 |
50 |
Fund |
Annual
Fee as a Percentage of Average Daily Net Assets |
Actual
Rate |
Alger
Capital Appreciation Fund |
.81%
for assets up to $2 billion;
.65%
for assets between $2 billion and $3 billion;
.60%
for assets between $3 billion and $4 billion;
.55%
for assets between $4 billion and $5 billion;
.45%
for assets in excess of $5 billion |
.78% |
Alger
International Focus Fund |
.71%
for assets up to $1 billion;
.60%
for assets in excess of $1 billion |
.71% |
Alger
Mid Cap Focus Fund |
.70%
for assets up to $250 million;
.50%
for assets in excess of $250 million |
.58% |
Alger
Mid Cap Growth Fund |
.76%
for assets up to $1 billion;
.70%
for assets in excess of $1 billion |
.76% |
Alger
Weatherbie Enduring Growth Fund |
.70%
for assets up to $250 million;
.50%
for assets in excess of $250 million |
.70% |
Alger
Weatherbie Specialized Growth Fund |
.81%
for assets up to $1 billion;
.75%
for assets in excess of $1 billion |
.80% |
Alger
Small Cap Growth Fund |
.81%
for assets up to $1 billion;
.75%
for assets in excess of $1 billion |
.81% |
Alger
Small Cap Focus Fund |
.75% |
.75% |
Alger
Health Sciences Fund |
.55% |
.55% |
Alger
Growth & Income Fund |
.50% |
.50% |
Fund |
Portfolio
Managers |
Since |
Alger
Capital Appreciation Fund |
Dan
C. Chung, CFA
Patrick
Kelly, CFA
Ankur
Crawford, Ph.D. |
February
2021
September
2004
June
2015 to
February
2021; and
March
2021 to
Present |
Alger
International Focus Fund |
Gregory
Jones, CFA
Pragna
Shere, CFA |
March
2018
March
2018 |
Alger
Mid Cap Focus Fund |
Amy
Y. Zhang, CFA |
April
2019 |
Alger
Mid Cap Growth Fund |
Dan
C. Chung, CFA
Brandon
A. Geisler |
January
2018
August
2022 |
Alger
Weatherbie Enduring Growth Fund |
H.
George Dai, Ph.D.
Joshua
D. Bennett, CFA |
December
2021
December
2021 |
Alger
Weatherbie Specialized Growth Fund |
H.
George Dai, Ph.D.
Joshua
D. Bennett, CFA
Edward
Minn, CFA |
March
2017
March
2017
July
2020 |
Alger
Small Cap Growth Fund |
Dan
C. Chung, CFA
Amy
Y. Zhang, CFA |
January
2016
February
2015 |
Alger
Small Cap Focus Fund |
Amy
Y. Zhang, CFA |
February
2015 |
Alger
Health Sciences Fund |
Dan
C. Chung, CFA
Sanjiv
Talwar, M.D., Ph.D. |
October
2005
July
2021 |
Alger
Growth & Income Fund |
Gregory
S. Adams, CFA |
April
2012 |
|
Class
A |
Class
B |
Class
C |
Availability |
Generally
available for purchase
directly
from the Fund via:
-
Mail: Alger Family of Funds,
c/o
UMB Fund Services, Inc.,
P.O.
Box 2175, Milwaukee, WI
53201-2175
-
Online: www.alger.com
-
Telephone: 1 (800) 992-3863
Generally
available through
financial
intermediaries. |
Closed
to new accounts
Only
available to existing investors
through
certain financial
intermediaries
and group
retirement
plan recordkeeping
platforms |
Generally
available through
financial
intermediaries and group
retirement
plan recordkeeping
platforms |
Minimum
Investment |
Initial
Investments
Regular
Account: $1,000
Retirement
Accounts (including
IRAs):
$500
Automatic
Investment: $500
Asset-based
Fee Program
Accounts:
$250
Subsequent
Investments
$50
for all accounts |
Initial
Investments
Regular
Account: $1,000
Retirement
Accounts (including
IRAs):
$500
Automatic
Investment: $500
Asset-based
Fee Program
Accounts:
$250
Subsequent
Investments
$50
for all accounts |
Initial
Investments
Regular
Account: $1,000
Retirement
Accounts (including
IRAs):
$500
Automatic
Investment: $500
Asset-based
Fee Program
Accounts:
$250
Subsequent
Investments
$50
for all accounts |
Maximum
Investment |
None |
$49,999 |
$999,999 |
Initial
Sales Charge? |
Yes.
Payable at time of purchase.
Lower
sales charges are available
for
larger investments. |
No.
Entire purchase price is
invested
in shares of the Fund. |
No.
Entire purchase price is
invested
in shares of the Fund. |
Deferred
Sales Charge? |
No.
(May be charged for
purchases
of $1 million or more
that
are redeemed within 12
months). |
Yes.
Payable if you redeem within
six
years of purchase. |
Yes.
Payable if you redeem within
one
year of purchase. |
Distribution
and/or Service
(12b-1)
Fees? |
0.25% |
1.00% |
1.00% |
Redemption
Fees? |
No. |
No. |
No.
|
|
Class
A |
Class
B |
Class
C |
Conversion
to Class A
Shares? |
N/A |
Yes,
automatically after
approximately
eight years. It is a
financial
intermediary’s
responsibility
to ensure that the
shareholder
is credited with the
proper
holding period. Certain
financial
intermediaries who hold
Class
B shares in an omnibus
account
for shareholders of group
retirement
plans may not track
participant
level aging of shares
and
therefore these shares may
not
be eligible for an automatic
conversion.
Shareholders who
purchased
Class B shares through
certain
financial intermediaries or
group
retirement plan
recordkeeping
platforms or whose
shares
are held in an omnibus
account
may not be eligible to
participate
in such Class B share
conversions. |
Yes,
automatically on the fifth
business
day of the month
following
the eighth anniversary of
the
purchase date. It is a financial
intermediary’s
responsibility to
ensure
that the shareholder is
credited
with the proper holding
period.
Certain financial
intermediaries
who hold Class C
shares
in an omnibus account for
shareholders
of group retirement
plans
may not track participant
level
aging of shares and
therefore
these shares may not be
eligible
for an automatic
conversion.
Shareholders who
purchased
Class C shares through
certain
financial intermediaries or
group
retirement plan
recordkeeping
platforms or whose
shares
are held in an omnibus
account
may not be eligible to
participate
in such Class C share
conversions. |
Purchase
Amount |
Sales
Charge
as
a % of
Offering
Price |
Sales
Charge
as
a % of Net
Asset
Value |
Dealer
Allowance
as a %
of
Offering Price |
Less
than $25,000 |
5.25% |
5.54% |
5.00% |
$25,000
- $49,999 |
4.50% |
4.71% |
4.25% |
$50,000
- $99,999 |
4.00% |
4.17% |
3.75% |
$100,000
- $249,999 |
3.50% |
3.63% |
3.25% |
$250,000
- $499,999 |
2.50% |
2.56% |
2.25% |
$500,000
- $749,999 |
2.00% |
2.04% |
1.75% |
$750,000
- $999,999 |
1.50% |
1.52% |
1.25% |
$1,000,000
and over |
* |
* |
1.00% |
|
Initial
Investment |
Subsequent
Investment |
Regular
account |
$1,000 |
$50 |
Retirement
Accounts (including IRAs) |
500 |
50 |
Automatic
Investment |
500 |
50 |
Asset-based
Fee Program Accounts |
250 |
50 |
Years
Shares Were Held |
Contingent
Deferred
Sales
Charge
(CDSC) |
Less
than one |
5% |
One
but less than two |
4% |
Two
but less than three |
3% |
Three
but less than four |
2% |
Four
but less than five |
2% |
Five
but less than six |
1% |
Six
or more |
0% |
|
Initial
Investment |
Subsequent
Investment |
Regular
account |
$1,000 |
$50 |
Retirement
Accounts (including IRAs) |
500 |
50 |
Automatic
Investment |
500 |
50 |
Asset-based
Fee Program Accounts |
250 |
50 |
Years
Shares Were Held |
Contingent
Deferred
Sales
Charge
(CDSC) |
Less
than one |
1% |
One
or more |
0% |
|
Initial
Investment |
Subsequent
Investment |
Regular
account |
$1,000 |
$50 |
Retirement
Accounts (including IRAs) |
500 |
50 |
Automatic
Investment |
500 |
50 |
Asset-based
Fee Program Accounts |
250 |
50 |
Class
A |
Year
1 |
Year
2 |
Year
3 |
Year
4 |
Year
5 |
Year
6 |
Year
7 |
Year
8 |
Year
9 |
Year
10 |
Expense
Ratio |
1.27% |
1.27% |
1.27% |
1.27% |
1.27% |
1.27% |
1.27% |
1.27% |
1.27% |
1.27% |
Cumulative
Gross Return |
5.00% |
10.25% |
15.76% |
21.55% |
27.63% |
34.01% |
40.71% |
47.75% |
55.13% |
62.89% |
Cumulative
Net Return |
-1.52% |
2.15% |
5.96% |
9.92% |
14.02% |
18.27% |
22.68% |
27.26% |
32.00% |
36.93% |
End
Investment Balance |
$9,828 |
$10,195 |
$10,575 |
$10,970 |
$11,379 |
$11,803 |
$12,244 |
$12,700 |
$13,174 |
$13,665 |
Annual
Expense |
$648 |
$127 |
$132 |
$137 |
$142 |
$147 |
$153 |
$158 |
$164 |
$170 |
Class
C |
Year
1 |
Year
2 |
Year
3 |
Year
4 |
Year
5 |
Year
6 |
Year
7 |
Year
8 |
Year
9 |
Year
10 |
Expense
Ratio |
2.01% |
2.01% |
2.01% |
2.01% |
2.01% |
2.01% |
2.01% |
2.01% |
2.01% |
2.01% |
Cumulative
Gross Return |
5.00% |
10.25% |
15.76% |
21.55% |
27.63% |
34.01% |
40.71% |
47.75% |
55.13% |
62.89% |
Cumulative
Net Return |
2.99% |
6.07% |
9.24% |
12.51% |
15.87% |
19.34% |
22.90% |
26.58% |
30.36% |
34.26% |
End
Investment Balance |
$10,299 |
$10,607 |
$10,924 |
$11,251 |
$11,587 |
$11,934 |
$12,290 |
$12,658 |
$13,036 |
$13,426 |
Annual
Expense |
$204 |
$210 |
$216 |
$223 |
$230 |
$236 |
$243 |
$251 |
$258 |
$266 |
Class
A |
Year
1 |
Year
2 |
Year
3 |
Year
4 |
Year
5 |
Year
6 |
Year
7 |
Year
8 |
Year
9 |
Year
10 |
Expense
Ratio |
1.27% |
1.27% |
1.27% |
1.27% |
1.27% |
1.27% |
1.27% |
1.27% |
1.27% |
1.27% |
Cumulative
Gross Return |
5.00% |
10.25% |
15.76% |
21.55% |
27.63% |
34.01% |
40.71% |
47.75% |
55.13% |
62.89% |
Cumulative
Net Return |
-1.52% |
2.15% |
5.96% |
9.92% |
14.02% |
18.27% |
22.68% |
27.26% |
32.00% |
36.93% |
End
Investment Balance |
$9,828 |
$10,195 |
$10,575 |
$10,970 |
$11,379 |
$11,803 |
$12,244 |
$12,700 |
$13,174 |
$13,665 |
Annual
Expense |
$648 |
$127 |
$132 |
$137 |
$142 |
$147 |
$153 |
$158 |
$164 |
$170 |
Class
B |
Year
1 |
Year
2 |
Year
3 |
Year
4 |
Year
5 |
Year
6 |
Year
7 |
Year
8 |
Year
9 |
Year
10 |
Expense
Ratio |
1.97% |
1.97% |
1.97% |
1.97% |
1.97% |
1.97% |
1.97% |
1.97% |
1.27% |
1.27% |
Cumulative
Gross Return |
5.00% |
10.25% |
15.76% |
21.55% |
27.63% |
34.01% |
40.71% |
47.75% |
55.13% |
62.89% |
Cumulative
Net Return |
3.03% |
6.15% |
9.37% |
12.68% |
16.10% |
19.61% |
23.24% |
26.97% |
31.71% |
36.62% |
End
Investment Balance |
$10,303 |
$10,615 |
$10,937 |
$11,268 |
$11,610 |
$11,961 |
$12,324 |
$12,697 |
$13,171 |
$13,662 |
Annual
Expense |
$200 |
$206 |
$212 |
$219 |
$225 |
$232 |
$239 |
$246 |
$164 |
$170 |
Class
C |
Year
1 |
Year
2 |
Year
3 |
Year
4 |
Year
5 |
Year
6 |
Year
7 |
Year
8 |
Year
9 |
Year
10 |
Expense
Ratio |
2.09% |
2.09% |
2.09% |
2.09% |
2.09% |
2.09% |
2.09% |
2.09% |
2.09% |
2.09% |
Cumulative
Gross Return |
5.00% |
10.25% |
15.76% |
21.55% |
27.63% |
34.01% |
40.71% |
47.75% |
55.13% |
62.89% |
Cumulative
Net Return |
2.91% |
5.90% |
8.99% |
12.16% |
15.42% |
18.78% |
22.24% |
25.79% |
29.45% |
33.22% |
End
Investment Balance |
$10,291 |
$10,590 |
$10,899 |
$11,216 |
$11,542 |
$11,878 |
$12,224 |
$12,579 |
$12,945 |
$13,322 |
Annual
Expense |
$212 |
$218 |
$225 |
$231 |
$238 |
$245 |
$252 |
$259 |
$267 |
$274 |
Class
A |
Year
1 |
Year
2 |
Year
3 |
Year
4 |
Year
5 |
Year
6 |
Year
7 |
Year
8 |
Year
9 |
Year
10 |
Expense
Ratio |
1.10% |
1.10% |
1.10% |
1.10% |
1.10% |
1.10% |
1.10% |
1.10% |
1.10% |
1.10% |
Cumulative
Gross Return |
5.00% |
10.25% |
15.76% |
21.55% |
27.63% |
34.01% |
40.71% |
47.75% |
55.13% |
62.89% |
Cumulative
Net Return |
-1.35% |
2.50% |
6.49% |
10.65% |
14.96% |
19.45% |
24.11% |
28.95% |
33.97% |
39.20% |
End
Investment Balance |
$9,845 |
$10,228 |
$10,627 |
$11,042 |
$11,472 |
$11,920 |
$12,385 |
$12,868 |
$13,370 |
$13,891 |
Annual
Expense |
$631 |
$110 |
$115 |
$119 |
$124 |
$129 |
$134 |
$139 |
$144 |
$150 |
Class
C |
Year
1 |
Year
2 |
Year
3 |
Year
4 |
Year
5 |
Year
6 |
Year
7 |
Year
8 |
Year
9 |
Year
10 |
Expense
Ratio |
1.90% |
1.90% |
1.91% |
1.91% |
1.91% |
1.91% |
1.91% |
1.91% |
1.91% |
1.91% |
Cumulative
Gross Return |
5.00% |
10.25% |
15.76% |
21.55% |
27.63% |
34.01% |
40.71% |
47.75% |
55.13% |
62.89% |
Cumulative
Net Return |
3.10% |
6.30% |
9.58% |
12.97% |
16.46% |
20.06% |
23.77% |
27.59% |
31.53% |
35.60% |
End
Investment Balance |
$10,310 |
$10,630 |
$10,958 |
$11,297 |
$11,646 |
$12,006 |
$12,377 |
$12,759 |
$13,153 |
$13,560 |
Annual
Expense |
$193 |
$199 |
$206 |
$213 |
$219 |
$226 |
$233 |
$240 |
$247 |
$255 |
Class
A |
Year
1 |
Year
2 |
Year
3 |
Year
4 |
Year
5 |
Year
6 |
Year
7 |
Year
8 |
Year
9 |
Year
10 |
Expense
Ratio |
1.24% |
1.24% |
1.24% |
1.24% |
1.24% |
1.24% |
1.24% |
1.24% |
1.24% |
1.24% |
Cumulative
Gross Return |
5.00% |
10.25% |
15.76% |
21.55% |
27.63% |
34.01% |
40.71% |
47.75% |
55.13% |
62.89% |
Cumulative
Net Return |
-1.49% |
2.21% |
6.06% |
10.04% |
14.18% |
18.48% |
22.93% |
27.55% |
32.35% |
37.33% |
End
Investment Balance |
$9,831 |
$10,201 |
$10,584 |
$10,982 |
$11,395 |
$11,824 |
$12,268 |
$12,730 |
$13,208 |
$13,705 |
Annual
Expense |
$645 |
$124 |
$129 |
$134 |
$139 |
$144 |
$149 |
$155 |
$161 |
$167 |
Class
B |
Year
1 |
Year
2 |
Year
3 |
Year
4 |
Year
5 |
Year
6 |
Year
7 |
Year
8 |
Year
9 |
Year
10 |
Expense
Ratio |
1.95% |
1.95% |
1.95% |
1.95% |
1.95% |
1.95% |
1.95% |
1.95% |
1.24% |
1.24% |
Cumulative
Gross Return |
5.00% |
10.25% |
15.76% |
21.55% |
27.63% |
34.01% |
40.71% |
47.75% |
55.13% |
62.89% |
Cumulative
Net Return |
3.05% |
6.19% |
9.43% |
12.77% |
16.21% |
19.75% |
23.41% |
27.17% |
31.95% |
36.91% |
End
Investment Balance |
$10,305 |
$10,619 |
$10,943 |
$11,277 |
$11,621 |
$11,975 |
$12,341 |
$12,717 |
$13,195 |
$13,691 |
Annual
Expense |
$198 |
$204 |
$210 |
$217 |
$223 |
$230 |
$237 |
$244 |
$161 |
$167 |
Class
C |
Year
1 |
Year
2 |
Year
3 |
Year
4 |
Year
5 |
Year
6 |
Year
7 |
Year
8 |
Year
9 |
Year
10 |
Expense
Ratio |
2.05% |
2.05% |
2.05% |
2.05% |
2.05% |
2.05% |
2.05% |
2.05% |
2.05% |
2.05% |
Cumulative
Gross Return |
5.00% |
10.25% |
15.76% |
21.55% |
27.63% |
34.01% |
40.71% |
47.75% |
55.13% |
62.89% |
Cumulative
Net Return |
2.95% |
5.99% |
9.11% |
12.33% |
15.65% |
19.06% |
22.57% |
26.19% |
29.91% |
33.74% |
End
Investment Balance |
$10,295 |
$10,599 |
$10,911 |
$11,233 |
$11,565 |
$11,906 |
$12,257 |
$12,619 |
$12,991 |
$13,374 |
Annual
Expense |
$208 |
$214 |
$220 |
$227 |
$234 |
$241 |
$248 |
$255 |
$262 |
$270 |
Class
A |
Year
1 |
Year
2 |
Year
3 |
Year
4 |
Year
5 |
Year
6 |
Year
7 |
Year
8 |
Year
9 |
Year
10 |
Expense
Ratio |
1.25% |
1.25% |
1.25% |
1.25% |
1.25% |
1.25% |
1.25% |
1.25% |
1.25% |
1.25% |
Cumulative
Gross Return |
5.00% |
10.25% |
15.76% |
21.55% |
27.63% |
34.01% |
40.71% |
47.75% |
55.13% |
62.89% |
Cumulative
Net Return |
-1.50% |
2.19% |
6.03% |
10.00% |
14.13% |
18.41% |
22.85% |
27.45% |
32.23% |
37.19% |
End
Investment Balance |
$9,830 |
$10,199 |
$10,581 |
$10,978 |
$11,390 |
$11,817 |
$12,260 |
$12,720 |
$13,197 |
$13,692 |
Annual
Expense |
$646 |
$125 |
$130 |
$135 |
$140 |
$145 |
$150 |
$156 |
$162 |
$168 |
Class
C |
Year
1 |
Year
2 |
Year
3 |
Year
4 |
Year
5 |
Year
6 |
Year
7 |
Year
8 |
Year
9 |
Year
10 |
Expense
Ratio |
2.02% |
2.02% |
2.02% |
2.02% |
2.02% |
2.02% |
2.02% |
2.02% |
2.02% |
2.02% |
Cumulative
Gross Return |
5.00% |
10.25% |
15.76% |
21.55% |
27.63% |
34.01% |
40.71% |
47.75% |
55.13% |
62.89% |
Cumulative
Net Return |
2.98% |
6.05% |
9.21% |
12.46% |
15.81% |
19.27% |
22.82% |
26.48% |
30.25% |
34.13% |
End
Investment Balance |
$10,298 |
$10,605 |
$10,921 |
$11,246 |
$11,581 |
$11,927 |
$12,282 |
$12,648 |
$13,025 |
$13,413 |
Annual
Expense |
$205 |
$211 |
$217 |
$224 |
$231 |
$237 |
$245 |
$252 |
$259 |
$267 |
Class
A |
Year
1 |
Year
2 |
Year
3 |
Year
4 |
Year
5 |
Year
6 |
Year
7 |
Year
8 |
Year
9 |
Year
10 |
Expense
Ratio |
1.15% |
1.15% |
5.64% |
5.64% |
5.64% |
5.64% |
5.64% |
5.64% |
5.64% |
5.64% |
Cumulative
Gross Return |
5.00% |
10.25% |
15.76% |
21.55% |
27.63% |
34.01% |
40.71% |
47.75% |
55.13% |
62.89% |
Cumulative
Net Return |
-1.40% |
2.40% |
1.74% |
1.09% |
0.44% |
-0.20% |
-0.84% |
-1.47% |
-2.10% |
-2.73% |
End
Investment Balance |
$9,840 |
$10,219 |
$10,153 |
$10,088 |
$10,024 |
$9,960 |
$9,896 |
$9,832 |
$9,770 |
$9,707 |
Annual
Expense |
$636 |
$115 |
$574 |
$571 |
$567 |
$564 |
$560 |
$556 |
$553 |
$549 |
Class
C |
Year
1 |
Year
2 |
Year
3 |
Year
4 |
Year
5 |
Year
6 |
Year
7 |
Year
8 |
Year
9 |
Year
10 |
Expense
Ratio |
1.85% |
1.85% |
6.12% |
6.12% |
6.12% |
6.12% |
6.12% |
6.12% |
6.12% |
6.12% |
Cumulative
Gross Return |
5.00% |
10.25% |
15.76% |
21.55% |
27.63% |
34.01% |
40.71% |
47.75% |
55.13% |
62.89% |
Cumulative
Net Return |
3.15% |
6.40% |
5.21% |
4.03% |
2.86% |
1.71% |
0.57% |
-0.55% |
-1.67% |
-2.77% |
End
Investment Balance |
$10,315 |
$10,640 |
$10,521 |
$10,403 |
$10,286 |
$10,171 |
$10,057 |
$9,945 |
$9,833 |
$9,723 |
Annual
Expense |
$188 |
$194 |
$648 |
$640 |
$633 |
$626 |
$619 |
$612 |
$605 |
$598 |
Class
A |
Year
1 |
Year
2 |
Year
3 |
Year
4 |
Year
5 |
Year
6 |
Year
7 |
Year
8 |
Year
9 |
Year
10 |
Expense
Ratio |
1.29% |
1.29% |
1.29% |
1.29% |
1.29% |
1.29% |
1.29% |
1.29% |
1.29% |
1.29% |
Cumulative
Gross Return |
5.00% |
10.25% |
15.76% |
21.55% |
27.63% |
34.01% |
40.71% |
47.75% |
55.13% |
62.89% |
Cumulative
Net Return |
-1.54% |
2.11% |
5.90% |
9.83% |
13.90% |
18.13% |
22.51% |
27.06% |
31.77% |
36.66% |
End
Investment Balance |
$9,827 |
$10,191 |
$10,569 |
$10,961 |
$11,368 |
$11,790 |
$12,227 |
$12,681 |
$13,151 |
$13,639 |
Annual
Expense |
$649 |
$129 |
$134 |
$139 |
$144 |
$149 |
$155 |
$161 |
$167 |
$173 |
Class
B |
Year
1 |
Year
2 |
Year
3 |
Year
4 |
Year
5 |
Year
6 |
Year
7 |
Year
8 |
Year
9 |
Year
10 |
Expense
Ratio |
2.00% |
2.00% |
2.00% |
2.00% |
2.00% |
2.00% |
2.00% |
2.00% |
1.29% |
1.29% |
Cumulative
Gross Return |
5.00% |
10.25% |
15.76% |
21.55% |
27.63% |
34.01% |
40.71% |
47.75% |
55.13% |
62.89% |
Cumulative
Net Return |
3.00% |
6.09% |
9.27% |
12.55% |
15.93% |
19.41% |
22.99% |
26.68% |
31.38% |
36.25% |
End
Investment Balance |
$10,300 |
$10,609 |
$10,927 |
$11,255 |
$11,593 |
$11,941 |
$12,299 |
$12,668 |
$13,138 |
$13,625 |
Annual
Expense |
$203 |
$209 |
$215 |
$222 |
$228 |
$235 |
$242 |
$250 |
$166 |
$173 |
Class
C |
Year
1 |
Year
2 |
Year
3 |
Year
4 |
Year
5 |
Year
6 |
Year
7 |
Year
8 |
Year
9 |
Year
10 |
Expense
Ratio |
2.09% |
2.09% |
2.09% |
2.09% |
2.09% |
2.09% |
2.09% |
2.09% |
2.09% |
2.09% |
Cumulative
Gross Return |
5.00% |
10.25% |
15.76% |
21.55% |
27.63% |
34.01% |
40.71% |
47.75% |
55.13% |
62.89% |
Cumulative
Net Return |
2.91% |
5.90% |
8.99% |
12.16% |
15.42% |
18.78% |
22.24% |
25.79% |
29.45% |
33.22% |
End
Investment Balance |
$10,291 |
$10,590 |
$10,899 |
$11,216 |
$11,542 |
$11,878 |
$12,224 |
$12,579 |
$12,945 |
$13,322 |
Annual
Expense |
$212 |
$218 |
$225 |
$231 |
$238 |
$245 |
$252 |
$259 |
$267 |
$274 |
Class
A |
Year
1 |
Year
2 |
Year
3 |
Year
4 |
Year
5 |
Year
6 |
Year
7 |
Year
8 |
Year
9 |
Year
10 |
Expense
Ratio |
1.32% |
1.32% |
1.32% |
1.32% |
1.32% |
1.32% |
1.32% |
1.32% |
1.32% |
1.32% |
Cumulative
Gross Return |
5.00% |
10.25% |
15.76% |
21.55% |
27.63% |
34.01% |
40.71% |
47.75% |
55.13% |
62.89% |
Cumulative
Net Return |
-1.57% |
2.05% |
5.81% |
9.70% |
13.74% |
17.92% |
22.26% |
26.76% |
31.43% |
36.26% |
End
Investment Balance |
$9,824 |
$10,185 |
$10,560 |
$10,949 |
$11,352 |
$11,769 |
$12,202 |
$12,651 |
$13,117 |
$13,600 |
Annual
Expense |
$652 |
$132 |
$137 |
$142 |
$147 |
$153 |
$158 |
$164 |
$170 |
$176 |
Class
C |
Year
1 |
Year
2 |
Year
3 |
Year
4 |
Year
5 |
Year
6 |
Year
7 |
Year
8 |
Year
9 |
Year
10 |
Expense
Ratio |
1.93% |
1.93% |
1.93% |
1.93% |
1.93% |
1.93% |
1.93% |
1.93% |
1.93% |
1.93% |
Cumulative
Gross Return |
5.00% |
10.25% |
15.76% |
21.55% |
27.63% |
34.01% |
40.71% |
47.75% |
55.13% |
62.89% |
Cumulative
Net Return |
3.07% |
6.23% |
9.50% |
12.86% |
16.32% |
19.89% |
23.57% |
27.37% |
31.28% |
35.31% |
End
Investment Balance |
$10,307 |
$10,623 |
$10,950 |
$11,286 |
$11,632 |
$11,989 |
$12,357 |
$12,737 |
$13,128 |
$13,531 |
Annual
Expense |
$196 |
$202 |
$208 |
$215 |
$221 |
$228 |
$235 |
$242 |
$250 |
$257 |
Class
A |
Year
1 |
Year
2 |
Year
3 |
Year
4 |
Year
5 |
Year
6 |
Year
7 |
Year
8 |
Year
9 |
Year
10 |
Expense
Ratio |
1.05% |
1.05% |
1.05% |
1.05% |
1.05% |
1.05% |
1.05% |
1.05% |
1.05% |
1.05% |
Cumulative
Gross Return |
5.00% |
10.25% |
15.76% |
21.55% |
27.63% |
34.01% |
40.71% |
47.75% |
55.13% |
62.89% |
Cumulative
Net Return |
-1.30% |
2.60% |
6.65% |
10.86% |
15.24% |
19.80% |
24.53% |
29.45% |
34.56% |
39.87% |
End
Investment Balance |
$9,849 |
$10,238 |
$10,643 |
$11,063 |
$11,500 |
$11,954 |
$12,427 |
$12,917 |
$13,428 |
$13,958 |
Annual
Expense |
$626 |
$105 |
$110 |
$114 |
$118 |
$123 |
$128 |
$133 |
$138 |
$144 |
Class
C |
Year
1 |
Year
2 |
Year
3 |
Year
4 |
Year
5 |
Year
6 |
Year
7 |
Year
8 |
Year
9 |
Year
10 |
Expense
Ratio |
1.84% |
1.84% |
1.84% |
1.84% |
1.84% |
1.84% |
1.84% |
1.84% |
1.84% |
1.84% |
Cumulative
Gross Return |
5.00% |
10.25% |
15.76% |
21.55% |
27.63% |
34.01% |
40.71% |
47.75% |
55.13% |
62.89% |
Cumulative
Net Return |
3.16% |
6.42% |
9.78% |
13.25% |
16.83% |
20.52% |
24.33% |
28.26% |
32.31% |
36.49% |
End
Investment Balance |
$10,316 |
$10,642 |
$10,978 |
$11,325 |
$11,683 |
$12,052 |
$12,433 |
$12,826 |
$13,231 |
$13,649 |
Annual
Expense |
$187 |
$193 |
$199 |
$205 |
$212 |
$218 |
$225 |
$232 |
$240 |
$247 |
Class
A |
Year
1 |
Year
2 |
Year
3 |
Year
4 |
Year
5 |
Year
6 |
Year
7 |
Year
8 |
Year
9 |
Year
10 |
Expense
Ratio |
0.97% |
0.97% |
0.97% |
0.97% |
0.97% |
0.97% |
0.97% |
0.97% |
0.97% |
0.97% |
Cumulative
Gross Return |
5.00% |
10.25% |
15.76% |
21.55% |
27.63% |
34.01% |
40.71% |
47.75% |
55.13% |
62.89% |
Cumulative
Net Return |
-1.22% |
2.76% |
6.90% |
11.21% |
15.69% |
20.35% |
25.20% |
30.25% |
35.50% |
40.96% |
End
Investment Balance |
$9,857 |
$10,254 |
$10,667 |
$11,097 |
$11,544 |
$12,010 |
$12,494 |
$12,997 |
$13,521 |
$14,066 |
Annual
Expense |
$619 |
$98 |
$101 |
$106 |
$110 |
$114 |
$119 |
$124 |
$129 |
$134 |
Class
C |
Year
1 |
Year
2 |
Year
3 |
Year
4 |
Year
5 |
Year
6 |
Year
7 |
Year
8 |
Year
9 |
Year
10 |
Expense
Ratio |
1.73% |
1.73% |
1.73% |
1.73% |
1.73% |
1.73% |
1.73% |
1.73% |
1.73% |
1.73% |
Cumulative
Gross Return |
5.00% |
10.25% |
15.76% |
21.55% |
27.63% |
34.01% |
40.71% |
47.75% |
55.13% |
62.89% |
Cumulative
Net Return |
3.27% |
6.65% |
10.13% |
13.74% |
17.45% |
21.30% |
25.26% |
29.36% |
33.59% |
37.96% |
End
Investment Balance |
$10,327 |
$10,665 |
$11,013 |
$11,374 |
$11,745 |
$12,130 |
$12,526 |
$12,936 |
$13,359 |
$13,796 |
Annual
Expense |
$176 |
$182 |
$188 |
$194 |
$200 |
$207 |
$213 |
$220 |
$227 |
$235 |
Alger
Capital Appreciation Fund Class A |
Year
ended
10/31/22 |
Year
ended
10/31/21 |
Year
ended
10/31/20 |
Year
ended
10/31/19 |
Year
ended
10/31/18 |
Net
asset value, beginning of period |
$39.48 |
$33.76 |
$27.12 |
$26.20 |
$25.86 |
Income
from Investment Operations: |
|
|
|
|
|
Net
investment loss (i) |
(0.13) |
(0.24) |
(0.12) |
(0.07) |
(0.06) |
Net
realized and unrealized gain (loss) on investments |
(11.17) |
11.11 |
8.96 |
3.53 |
2.07 |
Total
from investment operations |
(11.30) |
10.87 |
8.84 |
3.46 |
2.01 |
Distributions
from net realized gains |
(7.41) |
(5.15) |
(2.20) |
(2.54) |
(1.67) |
Net
asset value, end of period |
$20.77 |
$39.48 |
$33.76 |
$27.12 |
$26.20 |
Total
return (ii) |
(34.88)% |
35.41% |
34.79% |
15.29% |
8.15% |
Ratios/Supplemental
Data: |
|
|
|
|
|
Net
assets, end of period (000's omitted) |
$774,249 |
$1,523,572 |
$1,320,073 |
$1,174,346 |
$1,257,811 |
Ratio
of gross expenses to average net assets |
1.20% |
1.15% |
1.17% |
1.21% |
1.21% |
Ratio
of net expenses to average net assets |
1.20% |
1.15% |
1.17% |
1.21% |
1.21% |
Ratio
of net investment loss to average net assets |
(0.49)% |
(0.67)% |
(0.41)% |
(0.27)% |
(0.23)% |
Portfolio
turnover rate |
108.26% |
78.77% |
89.91% |
77.04% |
67.33% |
Alger
Capital Appreciation Fund Class C |
Year
ended
10/31/22 |
Year
ended
10/31/21 |
Year
ended
10/31/20 |
Year
ended
10/31/19 |
Year
ended
10/31/18 |
Net
asset value, beginning of period |
$27.13 |
$24.79 |
$20.60 |
$20.69 |
$20.91 |
Income
from Investment Operations: |
|
|
|
|
|
Net
investment loss (i) |
(0.20) |
(0.35) |
(0.25) |
(0.20) |
(0.20) |
Net
realized and unrealized gain (loss) on investments |
(6.89) |
7.84 |
6.64 |
2.65 |
1.65 |
Total
from investment operations |
(7.09) |
7.49 |
6.39 |
2.45 |
1.45 |
Distributions
from net realized gains |
(7.41) |
(5.15) |
(2.20) |
(2.54) |
(1.67) |
Net
asset value, end of period |
$12.63 |
$27.13 |
$24.79 |
$20.60 |
$20.69 |
Total
return (ii) |
(35.36)% |
34.43% |
33.82% |
14.44% |
7.35% |
Ratios/Supplemental
Data: |
|
|
|
|
|
Net
assets, end of period (000's omitted) |
$91,815 |
$211,972 |
$204,909 |
$219,511 |
$243,523 |
Ratio
of gross expenses to average net assets |
1.95% |
1.90% |
1.91% |
1.95% |
1.94% |
Ratio
of net expenses to average net assets |
1.95% |
1.90% |
1.91% |
1.95% |
1.94% |
Ratio
of net investment loss to average net assets |
(1.24)% |
(1.42)% |
(1.13)% |
(1.01)% |
(0.96)% |
Portfolio
turnover rate |
108.26% |
78.77% |
89.91% |
77.04% |
67.33% |
Alger
International Focus Fund Class A |
Year
ended
10/31/22 |
Year
ended
10/31/21 |
Year
ended
10/31/20 |
Year
ended
10/31/19 |
Year
ended
10/31/18 |
Net
asset value, beginning of period |
$25.12 |
$18.67 |
$15.51 |
$14.30 |
$17.58 |
Income
from Investment Operations: |
|
|
|
|
|
Net
investment income (loss) (i) |
(0.10) |
(0.11) |
(0.06) |
(0.02) |
0.06 |
Net
realized and unrealized gain (loss) on investments |
(7.82) |
6.56 |
3.91 |
1.66 |
(2.46) |
Total
from investment operations |
(7.92) |
6.45 |
3.85 |
1.64 |
(2.40) |
Dividends
from net investment income |
— |
— |
(0.69) |
(0.43) |
(0.88) |
Distributions
from net realized gains |
(1.97) |
— |
— |
— |
— |
Net
asset value, end of period |
$15.23 |
$25.12 |
$18.67 |
$15.51 |
$14.30 |
Total
return (ii) |
(34.27)% |
34.87%(iii) |
25.69% |
11.99% |
(14.35)% |
Ratios/Supplemental
Data: |
|
|
|
|
|
Net
assets, end of period (000's omitted) |
$100,262 |
$158,223 |
$120,832 |
$100,814 |
$98,105 |
Ratio
of gross expenses to average net assets |
1.27% |
1.22% |
1.34% |
1.37% |
1.29% |
Ratio
of net expenses to average net assets |
1.27% |
1.22% |
1.34% |
1.37% |
1.29% |
Ratio
of net investment income (loss) to average net
assets |
(0.53)% |
(0.49)% |
(0.37)% |
(0.11)% |
0.38% |
Portfolio
turnover rate |
49.36% |
75.27% |
105.22% |
151.99% |
207.22% |
Alger
International Focus Fund Class B |
Year
ended
10/31/22 |
Year
ended
10/31/21 |
Year
ended
10/31/20 |
Year
ended
10/31/19 |
Year
ended
10/31/18 |
Net
asset value, beginning of period |
$21.81 |
$16.19 |
$13.44 |
$12.38 |
$15.35 |
Income
from Investment Operations: |
|
|
|
|
|
Net
investment loss (i) |
(0.09) |
(0.08) |
(0.02) |
(0.04) |
(0.06) |
Net
realized and unrealized gain (loss) on investments |
(6.71) |
5.70 |
3.38 |
1.44 |
(2.13) |
Total
from investment operations |
(6.80) |
5.62 |
3.36 |
1.40 |
(2.19) |
Dividends
from net investment income |
— |
— |
(0.61) |
(0.34) |
(0.78) |
Distributions
from net realized gains |
(1.97) |
— |
— |
— |
— |
Net
asset value, end of period |
$13.04 |
$21.81 |
$16.19 |
$13.44 |
$12.38 |
Total
return (ii) |
(34.30)% |
35.02%(iii) |
25.83% |
11.82% |
(15.00)% |
Ratios/Supplemental
Data: |
|
|
|
|
|
Net
assets, end of period (000's omitted) |
$13,200 |
$22,147 |
$18,427 |
$17,646 |
$17,639 |
Ratio
of gross expenses to average net assets |
1.97% |
1.94% |
2.05% |
2.09% |
2.01% |
Ratio
of expense reimbursements to average net assets |
(0.69)% |
(0.82)% |
(0.88)% |
(0.51)% |
— |
Ratio
of net expenses to average net assets |
1.28% |
1.12% |
1.17% |
1.58% |
2.01% |
Ratio
of net investment loss to average net assets |
(0.54)% |
(0.39)% |
(0.18)% |
(0.30)% |
(0.40)% |
Portfolio
turnover rate |
49.36% |
75.27% |
105.22% |
151.99% |
207.22% |
Alger
International Focus Fund Class C |
Year
ended
10/31/22 |
Year
ended
10/31/21 |
Year
ended
10/31/20 |
Year
ended
10/31/19 |
Year
ended
10/31/18 |
Net
asset value, beginning of period |
$20.94 |
$15.68 |
$13.11 |
$12.07 |
$14.98 |
Income
from Investment Operations: |
|
|
|
|
|
Net
investment loss (i) |
(0.22) |
(0.24) |
(0.15) |
(0.12) |
(0.06) |
Net
realized and unrealized gain (loss) on investments |
(6.38) |
5.50 |
3.29 |
1.41 |
(2.09) |
Total
from investment operations |
(6.60) |
5.26 |
3.14 |
1.29 |
(2.15) |
Dividends
from net investment income |
— |
— |
(0.57) |
(0.25) |
(0.76) |
Distributions
from net realized gains |
(1.97) |
— |
— |
— |
— |
Net
asset value, end of period |
$12.37 |
$20.94 |
$15.68 |
$13.11 |
$12.07 |
Total
return (ii) |
(34.82)% |
33.86%(iii) |
24.68% |
11.07% |
(15.08)% |
Ratios/Supplemental
Data: |
|
|
|
|
|
Net
assets, end of period (000's omitted) |
$1,594 |
$4,368 |
$2,760 |
$3,603 |
$4,712 |
Ratio
of gross expenses to average net assets |
2.09% |
1.97% |
2.13% |
2.23% |
2.09% |
Ratio
of net expenses to average net assets |
2.09% |
1.97% |
2.13% |
2.23% |
2.09% |
Ratio
of net investment loss to average net assets |
(1.40)% |
(1.23)% |
(1.13)% |
(0.99)% |
(0.41)% |
Portfolio
turnover rate |
49.36% |
75.27% |
105.22% |
151.99% |
207.22% |
Alger
Mid Cap Focus Fund Class A |
Year
ended
10/31/22 |
From
7/29/21
(commencement
of
operations)
to
10/31/21(i) |
Net
asset value, beginning of period |
$23.43 |
$20.67 |
Income
from Investment Operations: |
|
|
Net
investment loss (ii) |
(0.09) |
(0.04) |
Net
realized and unrealized gain (loss) on investments |
(9.14) |
2.80 |
Total
from investment operations |
(9.23) |
2.76 |
Distributions
from net realized gains |
(2.06) |
— |
Net
asset value, end of period |
$12.14 |
$23.43 |
Total
return (iii) |
(42.27)% |
13.35 |
Ratios/Supplemental
Data: |
|
|
Net
assets, end of period (000's omitted) |
$5,083 |
$1,669 |
Ratio
of gross expenses to average net assets |
1.05% |
0.96% |
Ratio
of net expenses to average net assets |
1.05% |
0.96% |
Ratio
of net investment loss to average net assets |
(0.66)% |
(0.72)% |
Portfolio
turnover rate |
267.86% |
250.31% |
Alger
Mid Cap Focus Fund Class C |
Year
ended
10/31/22 |
From
7/29/21
(commencement
of
operations)
to
10/31/21(i) |
Net
asset value, beginning of period |
$23.38 |
$20.67 |
Income
from Investment Operations: |
|
|
Net
investment loss (ii) |
(0.21) |
(0.09) |
Net
realized and unrealized gain (loss) on investments |
(9.10) |
2.80 |
Total
from investment operations |
(9.31) |
2.71 |
Distributions
from net realized gains |
(2.06) |
— |
Net
asset value, end of period |
$12.01 |
$23.38 |
Total
return (iii) |
(42.78)% |
13.16% |
Ratios/Supplemental
Data: |
|
|
Net
assets, end of period (000's omitted) |
$2,433 |
$2,317 |
Ratio
of gross expenses to average net assets |
1.85% |
1.76% |
Ratio
of net expenses to average net assets |
1.85% |
1.76% |
Ratio
of net investment loss to average net assets |
(1.46)% |
(1.50)% |
Portfolio
turnover rate |
267.86% |
250.31% |
Alger
Mid Cap Growth Fund Class A |
Year
ended
10/31/22 |
Year
ended
10/31/21 |
Year
ended
10/31/20 |
Year
ended
10/31/19 |
Year
ended
10/31/18 |
Net
asset value, beginning of period |
$25.20 |
$19.29 |
$14.81 |
$14.13 |
$13.47 |
Income
from Investment Operations: |
|
|
|
|
|
Net
investment income (loss) (i) |
(0.09) |
0.48 |
(0.12) |
(0.09) |
(0.11) |
Net
realized and unrealized gain (loss) on investments |
(7.71) |
7.58 |
5.80 |
1.48 |
0.88 |
Total
from investment operations |
(7.80) |
8.06 |
5.68 |
1.39 |
0.77 |
Dividends
from net investment income |
(0.45) |
— |
— |
— |
— |
Distributions
from net realized gains |
(6.13) |
(2.15) |
(1.20) |
(0.71) |
(0.11) |
Net
asset value, end of period |
$10.82 |
$25.20 |
$19.29 |
$14.81 |
$14.13 |
Total
return (ii) |
(39.13)% |
44.05%(iii) |
41.34% |
10.95% |
5.78% |
Ratios/Supplemental
Data: |
|
|
|
|
|
Net
assets, end of period (000's omitted) |
$146,648 |
$259,895 |
$187,552 |
$139,110 |
$138,370 |
Ratio
of gross expenses to average net assets |
1.24% |
1.21% |
1.30% |
1.30% |
1.30% |
Ratio
of net expenses to average net assets |
1.24% |
1.21% |
1.30% |
1.30% |
1.30% |
Ratio
of net investment income (loss) to average net
assets |
(0.68)% |
2.15% |
(0.76)% |
(0.65)% |
(0.77)% |
Portfolio
turnover rate |
204.79% |
170.96% |
181.73% |
182.97% |
125.34% |
Alger
Mid Cap Growth Fund Class B |
Year
ended
10/31/22 |
Year
ended
10/31/21 |
Year
ended
10/31/20 |
Year
ended
10/31/19 |
Year
ended
10/31/18 |
Net
asset value, beginning of period |
$18.60 |
$14.70 |
$11.55 |
$11.22 |
$10.80 |
Income
from Investment Operations: |
|
|
|
|
|
Net
investment income (loss) (i) |
(0.06) |
0.35 |
(0.08) |
(0.10) |
(0.17) |
Net
realized and unrealized gain (loss) on investments |
(5.15) |
5.70 |
4.43 |
1.14 |
0.70 |
Total
from investment operations |
(5.21) |
6.05 |
4.35 |
1.04 |
0.53 |
Dividends
from net investment income |
(0.48) |
— |
— |
— |
— |
Distributions
from net realized gains |
(6.13) |
(2.15) |
(1.20) |
(0.71) |
(0.11) |
Net
asset value, end of period |
$6.78 |
$18.60 |
$14.70 |
$11.55 |
$11.22 |
Total
return (ii) |
(39.16)% |
44.24%(iii) |
41.41% |
10.66% |
4.98% |
Ratios/Supplemental
Data: |
|
|
|
|
|
Net
assets, end of period (000's omitted) |
$10,404 |
$18,276 |
$15,411 |
$13,772 |
$15,361 |
Ratio
of gross expenses to average net assets |
1.95% |
1.93% |
2.03% |
2.04% |
2.05% |
Ratio
of expense reimbursements to average net assets |
(0.67)% |
(0.76)% |
(0.82)% |
(0.47)% |
— |
Ratio
of net expenses to average net assets |
1.28% |
1.17% |
1.21% |
1.57% |
2.05% |
Ratio
of net investment income (loss) to average net
assets |
(0.71)% |
2.08% |
(0.66)% |
(0.92)% |
(1.50)% |
Portfolio
turnover rate |
204.79% |
170.96% |
181.73% |
182.97% |
125.34% |
Alger
Mid Cap Growth Fund Class C |
Year
ended
10/31/22 |
Year
ended
10/31/21 |
Year
ended
10/31/20 |
Year
ended
10/31/19 |
Year
ended
10/31/18 |
Net
asset value, beginning of period |
$17.82 |
$14.26 |
$11.33 |
$11.08 |
$10.67 |
Income
from Investment Operations: |
|
|
|
|
|
Net
investment income (loss) (i) |
(0.12) |
0.23 |
(0.18) |
(0.16) |
(0.18) |
Net
realized and unrealized gain (loss) on investments |
(4.88) |
5.48 |
4.31 |
1.12 |
0.70 |
Total
from investment operations |
(5.00) |
5.71 |
4.13 |
0.96 |
0.52 |
Dividends
from net investment income |
(0.35) |
— |
— |
— |
— |
Distributions
from net realized gains |
(6.13) |
(2.15) |
(1.20) |
(0.71) |
(0.11) |
Net
asset value, end of period |
$6.34 |
$17.82 |
$14.26 |
$11.33 |
$11.08 |
Total
return (ii) |
(39.60)% |
42.91%(iii) |
40.26% |
10.03% |
4.94% |
Ratios/Supplemental
Data: |
|
|
|
|
|
Net
assets, end of period (000's omitted) |
$4,562 |
$8,244 |
$5,691 |
$6,014 |
$7,647 |
Ratio
of gross expenses to average net assets |
2.05% |
2.00% |
2.10% |
2.14% |
2.11% |
Ratio
of net expenses to average net assets |
2.05% |
2.00% |
2.10% |
2.14% |
2.11% |
Ratio
of net investment income (loss) to average net
assets |
(1.49)% |
1.41% |
(1.52)% |
(1.48)% |
(1.55)% |
Portfolio
turnover rate |
204.79% |
170.96% |
181.73% |
182.97% |
125.34% |
Alger
Weatherbie Enduring Growth Fund Class A |
From
12/17/21
(commencement
of
operations)
to
10/31/22(i) |
Net
asset value, beginning of period |
$10.00 |
Income
from Investment Operations: |
|
Net
investment loss (ii) |
(0.04) |
Net
realized and unrealized loss on investments |
(2.61) |
Total
from investment operations |
(2.65) |
Net
asset value, end of period |
$7.35 |
Total
return (iii) |
(26.50)% |
Ratios/Supplemental
Data: |
|
Net
assets, end of period (000's omitted) |
$120 |
Ratio
of gross expenses to average net assets |
5.64% |
Ratio
of expense reimbursements to average net assets |
(4.49)% |
Ratio
of net expenses to average net assets |
1.15% |
Ratio
of net investment loss to average net assets |
(0.59)% |
Portfolio
turnover rate |
32.72% |
Alger
Weatherbie Enduring Growth Fund Class C |
From
12/17/21
(commencement
of
operations)
to
10/31/22(i) |
Net
asset value, beginning of period |
$10.00 |
Income
from Investment Operations: |
|
Net
investment loss (ii) |
(0.09) |
Net
realized and unrealized loss on investments |
(2.60) |
Total
from investment operations |
(2.69) |
Net
asset value, end of period |
$7.31 |
Total
return (iii) |
(26.90)% |
Ratios/Supplemental
Data: |
|
Net
assets, end of period (000's omitted) |
$73 |
Ratio
of gross expenses to average net assets |
6.12% |
Ratio
of expense reimbursements to average net assets |
(4.27)% |
Ratio
of net expenses to average net assets |
1.85% |
Ratio
of net investment loss to average net assets |
(1.32)% |
Portfolio
turnover rate |
32.72% |
Alger
Weatherbie Specialized Growth Fund Class A |
Year
ended
10/31/22 |
Year
ended
10/31/21 |
Year
ended
10/31/20 |
Year
ended
10/31/19 |
Year
ended
10/31/18 |
Net
asset value, beginning of period |
$24.96 |
$17.46 |
$13.30 |
$13.08 |
$12.87 |
Income
from Investment Operations: |
|
|
|
|
|
Net
investment loss (i) |
(0.14) |
(0.23) |
(0.16) |
(0.14) |
(0.15) |
Net
realized and unrealized gain (loss) on investments |
(8.91) |
8.70 |
4.88 |
1.39 |
1.90 |
Total
from investment operations |
(9.05) |
8.47 |
4.72 |
1.25 |
1.75 |
Distributions
from net realized gains |
(4.34) |
(0.97) |
(0.56) |
(1.03) |
(1.54) |
Net
asset value, end of period |
$11.57 |
$24.96 |
$17.46 |
$13.30 |
$13.08 |
Total
return (ii) |
(42.03)% |
49.80% |
36.57% |
11.57% |
15.02% |
Ratios/Supplemental
Data: |
|
|
|
|
|
Net
assets, end of period (000's omitted) |
$119,741 |
$259,394 |
$174,709 |
$140,368 |
$111,456 |
Ratio
of gross expenses to average net assets |
1.25% |
1.20% |
1.27% |
1.31% |
1.33% |
Ratio
of net expenses to average net assets |
1.25% |
1.20% |
1.27% |
1.31% |
1.33% |
Ratio
of net investment loss to average net assets |
(0.95)% |
(1.03)% |
(1.09)% |
(1.08)% |
(1.16)% |
Portfolio
turnover rate |
55.97% |
61.53% |
66.84% |
64.83% |
42.56% |
Alger
Weatherbie Specialized Growth Fund Class C |
Year
ended
10/31/22 |
Year
ended
10/31/21 |
Year
ended
10/31/20 |
Year
ended
10/31/19 |
Year
ended
10/31/18 |
Net
asset value, beginning of period |
$15.93 |
$11.52 |
$9.01 |
$9.30 |
$9.65 |
Income
from Investment Operations: |
|
|
|
|
|
Net
investment loss (i) |
(0.14) |
(0.25) |
(0.19) |
(0.17) |
(0.18) |
Net
realized and unrealized gain (loss) on investments |
(5.16) |
5.63 |
3.26 |
0.91 |
1.37 |
Total
from investment operations |
(5.30) |
5.38 |
3.07 |
0.74 |
1.19 |
Distributions
from net realized gains |
(4.34) |
(0.97) |
(0.56) |
(1.03) |
(1.54) |
Net
asset value, end of period |
$6.29 |
$15.93 |
$11.52 |
$9.01 |
$9.30 |
Total
return (ii) |
(42.46)% |
48.68% |
35.62% |
10.70% |
14.11% |
Ratios/Supplemental
Data: |
|
|
|
|
|
Net
assets, end of period (000's omitted) |
$44,815 |
$103,331 |
$64,497 |
$44,908 |
$36,325 |
Ratio
of gross expenses to average net assets |
2.02% |
1.95% |
2.03% |
2.05% |
2.08% |
Ratio
of net expenses to average net assets |
2.02% |
1.95% |
2.03% |
2.05% |
2.08% |
Ratio
of net investment loss to average net assets |
(1.72)% |
(1.79)% |
(1.85)% |
(1.82)% |
(1.91)% |
Portfolio
turnover rate |
55.97% |
61.53% |
66.84% |
64.83% |
42.56% |
Alger
Small Cap Growth Fund Class A |
Year
ended
10/31/22 |
Year
ended
10/31/21 |
Year
ended
10/31/20 |
Year
ended
10/31/19 |
Year
ended
10/31/18 |
Net
asset value, beginning of period |
$16.21 |
$12.59 |
$9.34 |
$9.54 |
$8.40 |
Income
from Investment Operations: |
|
|
|
|
|
Net
investment loss (i) |
(0.11) |
(0.07) |
(0.12) |
(0.11) |
(0.10) |
Net
realized and unrealized gain (loss) on investments |
(5.93) |
3.76 |
3.91 |
0.85 |
1.34 |
Total
from investment operations |
(6.04) |
3.69 |
3.79 |
0.74 |
1.24 |
Distributions
from net realized gains |
(1.34) |
(0.07) |
(0.54) |
(0.94) |
(0.10) |
Net
asset value, end of period |
$8.83 |
$16.21 |
$12.59 |
$9.34 |
$9.54 |
Total
return (ii) |
(39.87)% |
29.27%(iii) |
42.80% |
9.94% |
14.94% |
Ratios/Supplemental
Data: |
|
|
|
|
|
Net
assets, end of period (000's omitted) |
$142,244 |
$262,708 |
$187,489 |
$116,308 |
$111,271 |
Ratio
of gross expenses to average net assets |
1.29% |
1.23% |
1.33% |
1.39% |
1.38% |
Ratio
of net expenses to average net assets |
1.29% |
1.23% |
1.33% |
1.39% |
1.38% |
Ratio
of net investment loss to average net assets |
(1.01)% |
(0.46)% |
(1.11)% |
(1.17)% |
(1.06)% |
Portfolio
turnover rate |
15.44% |
34.85% |
12.67% |
17.09% |
28.68% |
Alger
Small Cap Growth Fund Class B |
Year
ended
10/31/22 |
Year
ended
10/31/21 |
Year
ended
10/31/20 |
Year
ended
10/31/19 |
Year
ended
10/31/18 |
Net
asset value, beginning of period |
$11.41 |
$8.88 |
$6.74 |
$7.20 |
$6.42 |
Income
from Investment Operations: |
|
|
|
|
|
Net
investment loss (i) |
(0.08) |
(0.05) |
(0.08) |
(0.11) |
(0.13) |
Net
realized and unrealized gain (loss) on investments |
(4.05) |
2.65 |
2.76 |
0.59 |
1.01 |
Total
from investment operations |
(4.13) |
2.60 |
2.68 |
0.48 |
0.88 |
Distributions
from net realized gains |
(1.34) |
(0.07) |
(0.54) |
(0.94) |
(0.10) |
Net
asset value, end of period |
$5.94 |
$11.41 |
$8.88 |
$6.74 |
$7.20 |
Total
return (ii) |
(39.91)% |
29.38%(iii) |
42.68% |
9.51% |
13.93% |
Ratios/Supplemental
Data: |
|
|
|
|
|
Net
assets, end of period (000's omitted) |
$3,038 |
$5,821 |
$5,095 |
$4,523 |
$4,958 |
Ratio
of gross expenses to average net assets |
2.00% |
1.96% |
2.07% |
2.19% |
2.23% |
Ratio
of expense reimbursements to average net assets |
(0.64)% |
(0.74)% |
(0.73)% |
(0.41)% |
— |
Ratio
of net expenses to average net assets |
1.36% |
1.22% |
1.34% |
1.78% |
2.23% |
Ratio
of net investment loss to average net assets |
(1.09)% |
(0.48)% |
(1.11)% |
(1.57)% |
(1.90)% |
Portfolio
turnover rate |
15.44% |
34.85% |
12.67% |
17.09% |
28.68% |
Alger
Small Cap Growth Fund Class C |
Year
ended
10/31/22 |
Year
ended
10/31/21 |
Year
ended
10/31/20 |
Year
ended
10/31/19 |
Year
ended
10/31/18 |
Net
asset value, beginning of period |
$10.76 |
$8.44 |
$6.47 |
$6.99 |
$6.22 |
Income
from Investment Operations: |
|
|
|
|
|
Net
investment loss (i) |
(0.12) |
(0.13) |
(0.14) |
(0.13) |
(0.12) |
Net
realized and unrealized gain (loss) on investments |
(3.79) |
2.52 |
2.65 |
0.55 |
0.99 |
Total
from investment operations |
(3.91) |
2.39 |
2.51 |
0.42 |
0.87 |
Distributions
from net realized gains |
(1.34) |
(0.07) |
(0.54) |
(0.94) |
(0.10) |
Net
asset value, end of period |
$5.51 |
$10.76 |
$8.44 |
$6.47 |
$6.99 |
Total
return (ii) |
(40.32)% |
28.41%(iii) |
41.76% |
8.87% |
14.22% |
Ratios/Supplemental
Data: |
|
|
|
|
|
Net
assets, end of period (000's omitted) |
$21,105 |
$39,148 |
$18,365 |
$6,257 |
$5,837 |
Ratio
of gross expenses to average net assets |
2.09% |
2.00% |
2.09% |
2.20% |
2.16% |
Ratio
of net expenses to average net assets |
2.09% |
2.00% |
2.09% |
2.20% |
2.16% |
Ratio
of net investment loss to average net assets |
(1.81)% |
(1.21)% |
(1.90)% |
(1.98)% |
(1.82)% |
Portfolio
turnover rate |
15.44% |
34.85% |
12.67% |
17.09% |
28.68% |
Alger
Small Cap Focus Fund Class A |
Year
ended
10/31/22 |
Year
ended
10/31/21 |
Year
ended
10/31/20 |
Year
ended
10/31/19 |
Year
ended
10/31/18 |
Net
asset value, beginning of period |
$31.74 |
$26.22 |
$19.93 |
$18.86 |
$14.91 |
Income
from Investment Operations: |
|
|
|
|
|
Net
investment loss (i) |
(0.19) |
(0.31) |
(0.25) |
(0.19) |
(0.17) |
Net
realized and unrealized gain (loss) on investments |
(12.84) |
5.83 |
7.03 |
1.41 |
4.26 |
Total
from investment operations |
(13.03) |
5.52 |
6.78 |
1.22 |
4.09 |
Dividends
from net investment income |
— |
— |
(0.19) |
— |
— |
Distributions
from net realized gains |
(1.80) |
— |
(0.30) |
(0.15) |
(0.14) |
Net
asset value, end of period |
$16.91 |
$31.74 |
$26.22 |
$19.93 |
$18.86 |
Total
return (ii) |
(42.88)% |
21.05% |
34.74% |
6.59% |
27.72% |
Ratios/Supplemental
Data: |
|
|
|
|
|
Net
assets, end of period (000's omitted) |
$226,738 |
$560,577 |
$566,606 |
$523,291 |
$300,066 |
Ratio
of gross expenses to average net assets |
1.32% |
1.18% |
1.22% |
1.19% |
1.18% |
Ratio
of net expenses to average net assets |
1.32% |
1.18% |
1.22% |
1.19% |
1.18% |
Ratio
of net investment loss to average net assets |
(0.96)% |
(0.98)% |
(1.11)% |
(0.95)% |
(0.92)% |
Portfolio
turnover rate |
37.57% |
56.71% |
37.49% |
48.84% |
27.04% |
Alger
Small Cap Focus Fund Class C |
Year
ended
10/31/22 |
Year
ended
10/31/21 |
Year
ended
10/31/20 |
Year
ended
10/31/19 |
Year
ended
10/31/18 |
Net
asset value, beginning of period |
$28.12 |
$23.40 |
$17.85 |
$17.04 |
$13.58 |
Income
from Investment Operations: |
|
|
|
|
|
Net
investment loss (i) |
(0.28) |
(0.47) |
(0.37) |
(0.31) |
(0.27) |
Net
realized and unrealized gain (loss) on investments |
(11.29) |
5.19 |
6.30 |
1.27 |
3.87 |
Total
from investment operations |
(11.57) |
4.72 |
5.93 |
0.96 |
3.60 |
Dividends
from net investment income |
— |
— |
(0.08) |
— |
— |
Distributions
from net realized gains |
(1.80) |
— |
(0.30) |
(0.15) |
(0.14) |
Net
asset value, end of period |
$14.75 |
$28.12 |
$23.40 |
$17.85 |
$17.04 |
Total
return (ii) |
(43.23)% |
20.17% |
33.85% |
5.76% |
26.82% |
Ratios/Supplemental
Data: |
|
|
|
|
|
Net
assets, end of period (000's omitted) |
$108,988 |
$267,800 |
$248,577 |
$212,737 |
$131,655 |
Ratio
of gross expenses to average net assets |
1.93% |
1.90% |
1.94% |
1.95% |
1.94% |
Ratio
of net expenses to average net assets |
1.93% |
1.90% |
1.94% |
1.95% |
1.94% |
Ratio
of net investment loss to average net assets |
(1.57)% |
(1.70)% |
(1.83)% |
(1.71)% |
(1.66)% |
Portfolio
turnover rate |
37.57% |
56.71% |
37.49% |
48.84% |
27.04% |
Alger
Health Sciences Fund Class A |
Year
ended
10/31/22 |
Year
ended
10/31/21 |
Year
ended
10/31/20 |
Year
ended
10/31/19 |
Year
ended
10/31/18 |
Net
asset value, beginning of period |
$36.66 |
$31.75 |
$26.55 |
$28.04 |
$25.16 |
Income
from Investment Operations: |
|
|
|
|
|
Net
investment loss (i) |
(0.07) |
(0.21) |
(0.09) |
(0.09) |
(0.19) |
Net
realized and unrealized gain (loss) on investments |
(8.74) |
8.87 |
7.20 |
0.48 |
3.82 |
Total
from investment operations |
(8.81) |
8.66 |
7.11 |
0.39 |
3.63 |
Distributions
from net realized gains |
(7.00) |
(3.75) |
(1.91) |
(1.88) |
(0.75) |
Net
asset value, end of period |
$20.85 |
$36.66 |
$31.75 |
$26.55 |
$28.04 |
Total
return (ii) |
(27.31)% |
29.12%(iii) |
28.09% |
1.96% |
14.92% |
Ratios/Supplemental
Data: |
|
|
|
|
|
Net
assets, end of period (000's omitted) |
$91,059 |
$151,514 |
$127,925 |
$108,095 |
$131,731 |
Ratio
of gross expenses to average net assets |
1.05% |
1.00% |
1.04% |
1.12% |
1.15% |
Ratio
of net expenses to average net assets |
1.05% |
1.00% |
1.04% |
1.12% |
1.15% |
Ratio
of net investment loss to average net assets |
(0.30)% |
(0.63)% |
(0.30)% |
(0.34)% |
(0.68)% |
Portfolio
turnover rate |
240.89% |
152.78% |
131.29% |
148.78% |
89.73% |
Alger
Health Sciences Fund Class C |
Year
ended
10/31/22 |
Year
ended
10/31/21 |
Year
ended
10/31/20 |
Year
ended
10/31/19 |
Year
ended
10/31/18 |
Net
asset value, beginning of period |
$26.11 |
$23.74 |
$20.44 |
$22.21 |
$20.23 |
Income
from Investment Operations: |
|
|
|
|
|
Net
investment loss (i) |
(0.16) |
(0.34) |
(0.23) |
(0.23) |
(0.31) |
Net
realized and unrealized gain (loss) on investments |
(5.87) |
6.46 |
5.44 |
0.34 |
3.04 |
Total
from investment operations |
(6.03) |
6.12 |
5.21 |
0.11 |
2.73 |
Distributions
from net realized gains |
(7.00) |
(3.75) |
(1.91) |
(1.88) |
(0.75) |
Net
asset value, end of period |
$13.08 |
$26.11 |
$23.74 |
$20.44 |
$22.21 |
Total
return (ii) |
(27.85)% |
28.11%(iii) |
27.12% |
1.20% |
14.03% |
Ratios/Supplemental
Data: |
|
|
|
|
|
Net
assets, end of period (000's omitted) |
$7,828 |
$14,334 |
$11,862 |
$10,963 |
$15,322 |
Ratio
of gross expenses to average net assets |
1.84% |
1.76% |
1.81% |
1.89% |
1.93% |
Ratio
of net expenses to average net assets |
1.84% |
1.76% |
1.81% |
1.89% |
1.93% |
Ratio
of net investment loss to average net assets |
(1.10)% |
(1.39)% |
(1.07)% |
(1.12)% |
(1.46)% |
Portfolio
turnover rate |
240.89% |
152.78% |
131.29% |
148.78% |
89.73% |
Alger
Growth & Income Fund Class A |
Year
ended
10/31/22 |
Year
ended
10/31/21 |
Year
ended
10/31/20 |
Year
ended
10/31/19 |
Year
ended
10/31/18 |
Net
asset value, beginning of period |
$61.76 |
$43.88 |
$43.55 |
$40.77 |
$39.68 |
Income
from Investment Operations: |
|
|
|
|
|
Net
investment income (i) |
0.71 |
0.63 |
0.69 |
0.70 |
0.65 |
Net
realized and unrealized gain (loss) on investments |
(7.49) |
18.47 |
1.88 |
4.54 |
1.64 |
Total
from investment operations |
(6.78) |
19.10 |
2.57 |
5.24 |
2.29 |
Dividends
from net investment income |
(0.56) |
(0.55) |
(0.66) |
(0.61) |
(0.57) |
Distributions
from net realized gains |
(2.07) |
(0.67) |
(1.58) |
(1.85) |
(0.63) |
Net
asset value, end of period |
$52.35 |
$61.76 |
$43.88 |
$43.55 |
$40.77 |
Total
return (ii) |
(11.53)% |
44.12% |
5.98% |
13.94% |
5.78% |
Ratios/Supplemental
Data: |
|
|
|
|
|
Net
assets, end of period (000's omitted) |
$108,039 |
$106,439 |
$74,251 |
$74,924 |
$70,859 |
Ratio
of gross expenses to average net assets |
0.97% |
0.98% |
1.06% |
1.07% |
1.06% |
Ratio
of net expenses to average net assets |
0.97% |
0.98% |
1.06% |
1.07% |
1.06% |
Ratio
of net investment income to average net assets |
1.24% |
1.15% |
1.60% |
1.72% |
1.59% |
Portfolio
turnover rate |
1.96% |
8.40% |
9.29% |
7.30% |
11.05% |
Alger
Growth & Income Fund Class C |
Year
ended
10/31/22 |
Year
ended
10/31/21 |
Year
ended
10/31/20 |
Year
ended
10/31/19 |
Year
ended
10/31/18 |
Net
asset value, beginning of period |
$60.77 |
$43.22 |
$42.93 |
$40.20 |
$39.14 |
Income
from Investment Operations: |
|
|
|
|
|
Net
investment income (i) |
0.28 |
0.21 |
0.36 |
0.39 |
0.34 |
Net
realized and unrealized gain (loss) on investments |
(7.38) |
18.18 |
1.85 |
4.49 |
1.60 |
Total
from investment operations |
(7.10) |
18.39 |
2.21 |
4.88 |
1.94 |
Dividends
from net investment income |
(0.14) |
(0.17) |
(0.34) |
(0.30) |
(0.25) |
Distributions
from net realized gains |
(2.07) |
(0.67) |
(1.58) |
(1.85) |
(0.63) |
Net
asset value, end of period |
$51.46 |
$60.77 |
$43.22 |
$42.93 |
$40.20 |
Total
return (ii) |
(12.18)% |
43.01% |
5.19% |
13.12% |
4.96% |
Ratios/Supplemental
Data: |
|
|
|
|
|
Net
assets, end of period (000's omitted) |
$21,111 |
$18,194 |
$13,127 |
$14,946 |
$16,074 |
Ratio
of gross expenses to average net assets |
1.73% |
1.73% |
1.81% |
1.82% |
1.82% |
Ratio
of net expenses to average net assets |
1.73% |
1.73% |
1.81% |
1.82% |
1.82% |
Ratio
of net investment income to average net assets |
0.49% |
0.40% |
0.86% |
0.97% |
0.84% |
Portfolio
turnover rate |
1.96% |
8.40% |
9.29% |
7.30% |
11.05% |
Class
A Shares Front-End Sales Charge Waivers Available at Ameriprise
Financial |
Employer-sponsored
retirement plans (e.g., 401(k) plans, 457 plans, employer-sponsored 403(b)
plans, profit sharing and money purchase pension plans
and
defined benefit plans). For purposes of this provision, employer-sponsored
retirement plans do not include SEP IRAs, Simple IRAs or
SAR-SEPs. |
Shares
purchased through reinvestment of capital gains distributions and dividend
reinvestment when purchasing shares of the same Fund (but not any other
fund
within the same fund family). |
Shares
exchanged from Class C shares of the same fund in the month of or
following the 7-year anniversary of the purchase date. To the extent that
this
prospectus
elsewhere provides for a waiver with respect to exchanges of Class C
shares or conversion of Class C shares following a shorter holding period,
that
waiver will apply. |
Employees
and registered representatives of Ameriprise Financial or its affiliates
and their immediate family members. |
Shares
purchased by or through qualified accounts (including IRAs, Coverdell
Education Savings Accounts, 401(k)s, 403(b) TSCAs subject to ERISA and
defined
benefit plans) that are held by a covered family member, defined as an
Ameriprise financial advisor and/or the advisor’s spouse, advisor’s lineal
ascendant
(mother, father, grandmother, grandfather, great grandmother, great
grandfather), advisor’s lineal descendant (son, step-son, daughter,
step-
daughter,
grandson, granddaughter, great grandson, great granddaughter) or any
spouse of a covered family member who is a lineal
descendant. |
Shares
purchased from the proceeds of redemptions within the same fund family,
provided (1) the repurchase occurs within 90 days following the
redemption,
(2) the redemption and purchase occur in the same account, and (3)
redeemed shares were subject to a front-end or deferred sales load (i.e.
Rights
of Reinstatement). |
Front-end
Sales Load Waivers on Class A Shares available at Raymond
James |
Shares
purchased in an investment advisory program. |
Shares
purchased within the same fund family through a systematic reinvestment of
capital gains distributions and dividend reinvestment when purchasing
shares
of the same fund (but not any other fund within the fund
family). |
Employees
and registered representatives of Raymond James or its affiliates and
their family members as designated by Raymond
James. |
Shares
purchased from the proceeds of redemptions within the same fund family,
provided (1) the repurchase occurs within 90 days following the
redemption,
(2) the redemption and purchase occur in the same account, and (3)
redeemed shares were subject to a front-end or deferred sales load (known
as
Rights of Reinstatement). |
A
shareholder in the Fund’s Class C shares will have their shares converted
at net asset value to Class A shares (or the appropriate share class) of
the Fund if
the
shares are no longer subject to a CDSC and the conversion is in line with
the policies and procedures of Raymond
James. |
CDSC
Waivers on Classes A, B and C shares available at Raymond
James |
Death
or disability of the shareholder. |
Shares
sold as part of a systematic withdrawal plan as described in the fund’s
prospectus.
|
CDSC
Waivers on Classes A, B and C shares available at Raymond
James |
Return
of excess contributions from an IRA Account. |
Shares
sold as part of a required minimum distribution for IRA and retirement
accounts due to the shareholder reaching the qualified age based on
applicable
IRS
regulations as described in the fund’s
prospectus. |
Shares
sold to pay Raymond James fees but only if the transaction is initiated by
Raymond James. |
Shares
acquired through a right of
reinstatement. |
Front-end
load discounts available at Raymond James: breakpoints, and/or rights of
accumulation, and/or letters of intent |
Breakpoints
as described in this prospectus. |
Rights
of accumulation which entitle shareholders to breakpoint discounts will be
automatically calculated based on the aggregated holding of fund family
assets
held by accounts within the purchaser’s household at Raymond James.
Eligible fund family assets not held at Raymond James may be included in
the
calculation
of rights of accumulation only if the shareholder notifies his or her
financial advisor about such assets. |
Letters
of intent which allow for breakpoint discounts based on anticipated
purchases within a fund family, over a 13-month time period. Eligible fund
family
assets
not held at Raymond James may be included in the calculation of letters of
intent only if the shareholder notifies his or her financial advisor about
such
assets. |
Front-end
Sales Load Waivers on Class A Shares available at Morgan
Stanley |
Employer-sponsored
retirement plans (e.g., 401(k) plans, 457 plans, employer-sponsored 403(b)
plans, profit sharing and money purchase pension plans
and
defined benefit plans). For purposes of this provision, employer-sponsored
retirement plans do not include SEP IRAs, Simple IRAs, SAR-SEPs or Keogh
plans. |
Morgan
Stanley employee and employee-related accounts according to Morgan
Stanley’s account linking rules. |
Shares
purchased through reinvestment of dividends and capital gains
distributions when purchasing shares of the same
fund. |
Shares
purchased through a Morgan Stanley self-directed brokerage
account. |
Class
C (i.e.,
level-load) shares that are no longer subject to a contingent deferred
sales charge and are converted to Class A shares of the same fund
pursuant
to Morgan Stanley Wealth Management’s share class conversion
program. |
Shares
purchased from the proceeds of redemptions within the same fund family,
provided (i) the repurchase occurs within 90 days following the
redemption,
(ii)
the redemption and purchase occur in the same account, and (iii) redeemed
shares were subject to a front-end or deferred sales
charge. |
Front-end
Sales Load Waivers on Class A Shares available at Merrill
Lynch |
Employer-sponsored
retirement, deferred compensation and employee benefit plans (including
health savings accounts) and trusts used to fund those plans,
provided
that the shares are not held in a commission-based brokerage account and
shares are held for the benefit of the plan |
Shares
purchased by a 529 Plan (does not include 529 Plan units or 529-specific
share classes or equivalents) |
Shares
purchased through a Merrill Lynch affiliated investment advisory
program |
Shares
exchanged due to the holdings moving from a Merrill Lynch affiliated
investment advisory program to a Merrill Lynch brokerage (non-advisory)
account
pursuant to Merrill Lynch’s policies relating to sales load discounts and
waivers |
Shares
purchased by third party investment advisors on behalf of their advisory
clients through Merrill Lynch’s platform |
Shares
of funds purchased through the Merrill Edge Self-Directed
platform |
Shares
purchased through reinvestment of capital gains distributions and dividend
reinvestment when purchasing shares of the same fund (but not any other
fund
within the fund family) |
Shares
exchanged from Class C (i.e.
level-load) shares of the same fund pursuant to Merrill Lynch’s policies
relating to sales load discounts and waivers |
Employees
and registered representatives of Merrill Lynch or its affiliates and
their family members |
Directors
or Trustees of the Fund, and employees of the Fund’s investment adviser or
any of its affiliates, as described in this prospectus
|
Front-end
Sales Load Waivers on Class A Shares available at Merrill
Lynch |
Eligible
shares purchased from the proceeds of redemptions within the same fund
family, provided (1) the repurchase occurs within 90 days following the
redemption,
(2) the redemption and purchase occur in the same account, and (3)
redeemed shares were subject to a front-end or deferred sales load (known
as
Rights of Reinstatement). Automated transactions (i.e.
systematic purchases and withdrawals) and purchases made after shares are
automatically sold to
pay
Merrill Lynch’s account maintenance fees are not eligible for
reinstatement |
CDSC
Waivers on A, B and C Shares available at Merrill
Lynch |
Death
or disability of the shareholder |
Shares
sold as part of a systematic withdrawal plan as described in the Fund’s
prospectus |
Return
of excess contributions from an IRA Account |
Shares
sold as part of a required minimum distribution for IRA and retirement
accounts pursuant to the Internal Revenue Code |
Shares
sold to pay Merrill Lynch fees but only if the transaction is initiated by
Merrill Lynch |
Shares
acquired through a right of reinstatement |
Shares
held in retirement brokerage accounts, that are exchanged for a lower cost
share class due to transfer to certain fee based accounts or platforms
(applicable
to A and C shares only) |
Shares
received through an exchange due to the holdings moving from a Merrill
Lynch affiliated investment advisory program to a Merrill Lynch brokerage
(non-advisory)
account pursuant to Merrill Lynch’s policies relating to sales load
discounts and waivers |
Front-end
load Discounts Available at Merrill Lynch: Breakpoints, Rights of
Accumulation & Letters of Intent |
Breakpoints
as described in this prospectus. |
Rights
of Accumulation (ROA) which entitle shareholders to breakpoint discounts
as described in the Fund’s prospectus will be automatically calculated
based
on
the aggregated holding of fund family assets held by accounts (including
529 program holdings, where applicable) within the purchaser’s household
at
Merrill
Lynch. Eligible fund family assets not held at Merrill Lynch may be
included in the ROA calculation only if the shareholder notifies his or
her financial
advisor
about such assets |
Letters
of Intent (LOI) which allow for breakpoint discounts based on anticipated
purchases within a fund family, through Merrill Lynch, over a 13-month
period
of
time |
Front-end
sales charge* waivers on Class A shares available at
Janney |
Shares
purchased through reinvestment of capital gains distributions and dividend
reinvestment when purchasing shares of the same fund (but not any other
fund
within the fund family). |
Shares
purchased by employees and registered representatives of Janney or its
affiliates and their family members as designated by
Janney. |
Shares
purchased from the proceeds of redemptions within the same fund family,
provided (1) the repurchase occurs within ninety (90) days following the
redemption,
(2) the redemption and purchase occur in the same account, and (3)
redeemed shares were subject to a front-end or deferred sales load
(i.e.,
right
of reinstatement). |
Employer-sponsored
retirement plans (e.g., 401(k) plans, 457 plans, employer-sponsored 403(b)
plans, profit sharing and money purchase pension plans
and
defined benefit plans). For purposes of this provision, employer-sponsored
retirement plans do not include SEP IRAs, Simple IRAs, SAR-SEPs or Keogh
plans. |
Shares
acquired through a right of reinstatement. |
Class
C shares that are no longer subject to a contingent deferred sales charge
and are converted to Class A shares of the same fund pursuant to Janney’s
policies
and procedures. |
CDSC
waivers on Class A and C shares available at
Janney |
Shares
sold upon the death or disability of the
shareholder. |
Shares
sold as part of a systematic withdrawal plan as described in the fund’s
Prospectus. |
Shares
purchased in connection with a return of excess contributions from an IRA
account. |
Shares
sold as part of a required minimum distribution for IRA and other
retirement accounts due to the shareholder reaching age 70½ as described
in the
fund’s
Prospectus. |
Shares
sold to pay Janney fees but only if the transaction is initiated by
Janney. |
Shares
acquired through a right of reinstatement. |
Shares
exchanged into the same share class of a different
fund. |
Front-end
sales charge* discounts available at Janney: breakpoints, rights of
accumulation, and/or letters of intent |
Breakpoints
as described in the fund’s Prospectus. |
Rights
of accumulation (“ROA”), which entitle shareholders to breakpoint
discounts, will be automatically calculated based on the aggregated
holding of fund
family
assets held by accounts within the purchaser’s household at Janney.
Eligible fund family assets not held at Janney may be included in the ROA
calculation
only if the shareholder notifies his or her financial advisor about such
assets. |
Letters
of intent which allow for breakpoint discounts based on anticipated
purchases within a fund family, over a 13-month time period. Eligible fund
family
assets
not held at Janney Montgomery Scott may be included in the calculation of
letters of intent only if the shareholder notifies his or her financial
advisor
about
such assets. |
Rights
of Accumulation (“ROA”) |
The
applicable sales charge on a purchase of Class A shares is determined by
taking into account all share classes (except certain money market funds
and
any
assets held in group retirement plans) of the Alger Family of Funds held
by the shareholder or in an account grouped by Edward Jones with other
accounts
for the purpose of providing certain pricing considerations (“pricing
groups”). If grouping assets as a shareholder, this includes all share
classes
held
on the Edward Jones platform and/or held on another platform. The
inclusion of eligible fund family assets in the ROA calculation is
dependent on the
shareholder
notifying Edward Jones of such assets at the time of calculation. Money
market funds are included only if such shares were sold with a sales
charge
at the time of purchase or acquired in exchange for shares purchased with
a sales charge. |
The
employer maintaining a SEP IRA plan and/or SIMPLE IRA plan may elect to
establish or change ROA for the IRA accounts associated with the plan to a
plan-level
grouping as opposed to including all share classes at a shareholder or
pricing group level. |
ROA
is determined by calculating the higher of cost minus redemptions or
market value (current shares x
NAV). |
Letter
of Intent (“LOI”) |
Through
a LOI, shareholders can receive the sales charge and breakpoint discounts
for purchases shareholders intend to make over a 13-month period from
the
date Edward Jones receives the LOI. The LOI is determined by calculating
the higher of cost or market value of qualifying holdings at LOI
initiation in
combination
with the value that the shareholder intends to buy over a 13-month period
to calculate the front-end sales charge and any breakpoint discounts.
Each
purchase the shareholder makes during that 13-month period will receive
the sales charge and breakpoint discount that applies to the total amount.
The
inclusion
of eligible fund family assets in the LOI calculation is dependent on the
shareholder notifying Edward Jones of such assets at the time of
calculation.
Purchases
made before the LOI is received by Edward Jones are not adjusted under the
LOI and will not reduce the sales charge previously paid. Sales
charges
will be adjusted if LOI is not met. |
If
the employer maintaining a SEP IRA plan and/or SIMPLE IRA plan has elected
to establish or change ROA for the IRA accounts associated with the plan
to a
plan-level
grouping, LOIs will also be at the plan-level and may only be established
by the employer. |
Sales
Charge Waivers |
Sales
charges are waived for the following shareholders and in the following
situations: |
Associates
of Edward Jones and its affiliates and their family members who are in the
same pricing group (as determined by Edward Jones under its
policies
and procedures) as the associate. This waiver will continue for the
remainder of the associate’s life if the associate retires from Edward
Jones in
good-standing
and remains in good standing pursuant to Edward Jones' policies and
procedures. |
Shares
purchased in an Edward Jones fee-based program. |
Shares
purchased through reinvestment of capital gains distributions and dividend
reinvestment. |
Shares
purchased from the proceeds of redeemed shares of the same fund family so
long as the following conditions are met: 1) the proceeds are from
the
sale of shares within 60 days of the purchase, and 2) the sale and
purchase are made in the same share class and the same account or the
purchase is
made
in an individual retirement account with proceeds from liquidations in a
non-retirement account.
|
Sales
Charge Waivers |
Shares
exchanged into Class A shares from another share class so long as the
exchange is into the same fund and was initiated at the discretion of
Edward
Jones. Edward Jones is responsible for any remaining CDSC due to the fund
company, if applicable. Any future purchases are subject to the
applicable
sales charge as disclosed in the prospectus. |
Exchanges
from Class C shares to Class A shares of the same fund, generally, in the
84th month following the anniversary of the purchase date or earlier
at
the discretion of Edward
Jones. |
Contingent
Deferred Sales Charge (“CDSC”) Waivers |
If
the shareholder purchases shares that are subject to a CDSC and those
shares are redeemed before the CDSC is expired, the shareholder is
responsible
to
pay the CDSC except in the following conditions: |
The
death or disability of the shareholder |
Systematic
withdrawals with up to 10% per year of the account
value |
Return
of excess contributions from an Individual Retirement Account
(IRA) |
Shares
sold as part of a required minimum distribution for IRA and retirement
accounts if the redemption is taken in or after the year the shareholder
reaches
qualified age based on applicable IRS regulations |
Shares
sold to pay Edward Jones fees or costs in such cases where the transaction
is initiated by Edward Jones |
Shares
exchanged in an Edward Jones fee-based program |
Shares
acquired through NAV reinstatement |
Shares
redeemed at the discretion of Edward Jones for Minimum Balances, as
described below |
Minimum
Purchase Amounts |
Initial
purchase minimum: $250 |
Subsequent
purchase minimum: none |
Minimum
Balances |
Edward
Jones has the right to redeem at its discretion fund holdings with a
balance of $250 or less. The following are examples of accounts that are
not
included
in this policy: |
A
fee-based account held on an Edward Jones
platform |
A
529 account held on an Edward Jones platform |
An
account with an active systematic investment plan or
LOI |
Exchanging
Share Classes |
At
any time it deems necessary, Edward Jones has the authority to exchange at
NAV a shareholder’s holdings in a fund to Class A shares of the same
fund. |
Front-end
Sales Load Waivers on Class A Shares available at
OPCO |
Employer-sponsored
retirement, deferred compensation and employee benefit plans (including
health savings accounts) and trusts used to fund those plans,
provided
that the shares are not held in a commission-based brokerage account and
shares are held for the benefit of the plan |
Shares
purchased by or through a 529 Plan |
Shares
purchased through a OPCO affiliated investment advisory
program |
Shares
purchased through reinvestment of capital gains distributions and dividend
reinvestment when purchasing shares of the same fund (but not any other
fund
within the fund family) |
Shares
purchased from the proceeds of redemptions within the same fund family,
provided (1) the repurchase occurs within 90 days following the
redemption,
(2) the redemption and purchase occur in the same account, and (3)
redeemed shares were subject to a front-end or deferred sales load (known
as
Rights of Restatement) |
Shareholders
in the Fund’s Class C shares will have their shares converted at net asset
value to Class A shares (or the appropriate share class) of the Fund if
the
shares are no longer subject to a CDSC and the conversion is in line with
the policies and procedures of OPCO |
Employees
and registered representatives of OPCO or its affiliates and their family
members |
Trustees
of the Fund, and employees of the Fund’s investment adviser or any of its
affiliates, as described in this
prospectus |
CDSC
Waivers on A, B and C Shares available at OPCO |
Death
or disability of the shareholder |
Shares
sold as part of a systematic withdrawal plan as described in the Fund’s
prospectus |
Return
of excess contributions from an IRA Account |
Shares
sold as part of a required minimum distribution for IRA and retirement
accounts due to the shareholder reaching the qualified age based upon
applicable
IRS regulations as described in the prospectus |
Shares
sold to pay OPCO fees but only if the transaction is initiated by
OPCO |
Shares
acquired through a right of
reinstatement |
Front-end
load Discounts Available at OPCO: Breakpoints, Rights of Accumulation
& Letters of Intent |
Breakpoints
as described in this prospectus |
Rights
of Accumulation (ROA) which entitle shareholders to breakpoint discounts
will be automatically calculated based on the aggregated holding of fund
family
assets held by accounts within the purchaser’s household at OPCO. Eligible
fund family assets not held at OPCO may be included in the ROA
calculation
only if the shareholder notifies his or her financial advisor about such
assets |
Front-End
Sales Charge Waivers on Investor A Shares Available at
Baird |
Shares
purchased through reinvestment of capital gains distributions and dividend
reinvestment when purchasing share of the same
Fund |
Share
purchase by employees and registers representatives of Baird or its
affiliate and their family members as designated by
Baird |
Shares
purchased using the proceeds of redemptions within the Alger Family of
Funds, provided (1) the repurchase occurs within 90 days following the
redemption,
(2) the redemption and purchase occur in the same accounts, and (3)
redeemed shares were subject to a front-end or deferred sales charge
(known
as rights of reinstatement) |
A
shareholder in the Fund’s Investor C shares will have their shares
converted at net asset value to Investor A shares of the same Fund if the
shares are no
longer
subject to CDSC and the conversion is in line with the policies and
procedures of Baird |
Employer-sponsored
retirement plans or charitable accounts in a transactional brokerage
account at Baird, including 401(k) plans, 457 plans,
employer-
sponsored
403(b) plans, profit sharing and money purchase pension plans and defined
benefit plans. For purposes of this provision, employer-sponsored
retirement
plans do not include SEP IRAs, Simple IRAs or
SAR-SEPs |
CDSC
Waivers on Investor A and C Shares Available at
Baird |
Shares
sold due to death or disability of the
shareholder |
Shares
sold as part of a systematic withdrawal plan as described in the Fund’s
prospectus |
Shares
bought due to returns of excess contributions from an IRA
account |
Shares
sold as part of a required minimum distribution for IRA and retirement
accounts due to the shareholder reaching the qualified age based on
applicable
Internal
Revenue Service regulations as described in the Fund’s
prospectus |
Shares
sold to pay Baird fees but only if the transaction is initiated by
Baird |
Shares
acquired through a right of
reinstatement |
Front-End
Sales Charge Discounts Available at Baird: Breakpoints and/or Rights of
Accumulations |
Breakpoints
as described in the Fund’s prospectus |
Rights
of accumulations which entitles shareholders to breakpoint discounts will
be automatically calculated based on the aggregated holding of assets
within
the Alger Family of Funds held by accounts within the purchaser’s
household at Baird. Eligible assets within the Alger Family of Funds not
held at Baird
may
be included in the rights of accumulations calculation only if the
shareholder notifies his or her financial advisor about such
assets |
Letters
of Intent (LOI) allow for breakpoint discounts based on anticipated
purchases within the Alger Family of Funds through Baird, over a 13-month
period
of
time |
Front-end
Sales Load Waiver on Class A Shares Available at
Stifel |
Class
C shares that have been held for more than seven (7) years will be
converted to Class A shares of the same Fund pursuant to Stifel’s policies
and
procedures |
All
other sales charge waivers and reductions described elsewhere in the Fund’
Prospectus or SAI still
apply. |
By
Telephone: |
(800)
992-3863 |
By
Mail: |
Alger
Family of Funds
c/o
UMB Fund Services, Inc.
P.O.
Box 2175
Milwaukee,
WI 53212-2175 |
Online |
Text
versions of Fund documents can be downloaded from the following
sources: |
|
•The
Fund: http://www.alger.com |
|
•SEC
(EDGAR data base):
www.sec.gov |