|
Class |
Ticker
Symbol |
Alger
Capital Appreciation Portfolio |
I-2
S |
ALVOX |
Alger
Large Cap Growth Portfolio |
I-2 |
AAGOX |
Alger
Mid Cap Growth Portfolio |
I-2 |
AMGOX |
Alger
Small Cap Growth Portfolio |
I-2 |
AASOX |
Alger
Growth & Income Portfolio |
I-2 |
AIGOX |
Alger
Balanced Portfolio |
I-2 |
ABLOX |
|
Broker
Commissions Paid for 2021 |
| ||||
|
Paid
to Alger LLC |
Soft
Dollar Transactions | ||||
|
Total
Paid
by
the
Portfolio |
Dollar
Amount
Paid
to
Alger
LLC |
%
of
Brokerage
Commissions
Paid
to
Alger
LLC |
%
of
Dollar
Amount
of
Transactions
Effected
through
Alger
LLC |
Value
of
Transactions |
Commissions |
Alger
Capital Appreciation
Portfolio |
$356,329 |
$53,370 |
15% |
13% |
$173,699,619 |
$70,256 |
Alger
Large Cap Growth Portfolio |
161,246 |
50,719 |
31% |
34% |
53,769,109 |
28,597 |
Alger
Mid Cap Growth Portfolio |
377,772 |
71,331 |
19% |
22% |
150,216,164 |
81,603 |
Alger
Weatherbie Specialized
Growth
Portfolio |
2,770 |
- |
0% |
0% |
1,842,419 |
996 |
Alger
Small Cap Growth Portfolio |
135,138 |
17,293 |
13% |
11% |
59,550,894 |
38,240 |
Alger
Growth & Income Portfolio |
2,602 |
- |
0% |
0% |
760,386 |
230 |
Alger
Balanced Portfolio |
3,161 |
- |
0% |
0% |
3,039,262 |
757 |
|
$1,039,018 |
$192,713 |
19% |
19% |
$442,877,853 |
$220,679 |
|
Broker
Commissions Paid for 2022 |
| ||||
|
Paid
to Alger LLC |
Soft
Dollar Transactions | ||||
|
Total
Paid
by
the
Portfolio |
Dollar
Amount
Paid
to
Alger
LLC |
%
of
Brokerage
Commissions
Paid
to
Alger
LLC |
%
of
Dollar
Amount
of
Transactions
Effected
through
Alger
LLC |
Value
of
Transactions |
Commissions |
Alger
Capital Appreciation
Portfolio |
$350,181 |
$48,111 |
14% |
11% |
$165,735,874 |
$80,838 |
Alger
Large Cap Growth Portfolio* |
167,990 |
60,353 |
36% |
33% |
31,204,015 |
11,847 |
Alger
Mid Cap Growth Portfolio* |
193,342 |
33,882 |
18% |
17% |
91,440,515 |
40,531 |
Alger
Weatherbie Specialized
Growth
Portfolio |
3,369 |
- |
0% |
0% |
692,148 |
738 |
Alger
Small Cap Growth Portfolio |
47,431 |
5,586 |
12% |
15% |
20,996,644 |
23,449 |
Alger
Growth & Income Portfolio |
1,466 |
162 |
11% |
5% |
359,618 |
101 |
Alger
Balanced Portfolio |
1,300 |
170 |
13% |
2% |
178,888 |
63 |
|
$765,079 |
$148,264 |
19% |
18% |
$310,607,702 |
$157,567 |
|
Broker
Commissions Paid for 2023 |
| ||||
|
Paid to
Alger LLC |
Soft
Dollar Transactions | ||||
|
Total
Paid
by
the
Portfolio |
Dollar
Amount
Paid
to
Alger
LLC |
%
of
Brokerage
Commissions
Paid
to
Alger
LLC |
%
of
Dollar
Amount
of
Transactions
Effected
through
Alger
LLC |
Value
of
Transactions |
Commissions |
Alger
Capital Appreciation
Portfolio |
$230,434 |
$30,690 |
13% |
13% |
$196,335,550 |
$88,968 |
Alger Large
Cap Growth Portfolio |
241,209 |
27,866 |
12% |
9% |
64,319,220 |
37,907 |
Alger Mid
Cap Growth Portfolio |
71,545 |
4,889 |
7% |
4% |
50,523,625 |
20,544 |
Alger Small
Cap Growth
Portfolio** |
136,208 |
28,901 |
21% |
13% |
32,328,710 |
39,324 |
Alger
Growth & Income Portfolio |
1,498 |
56 |
4% |
4% |
895,200 |
256 |
Alger
Balanced Portfolio |
1,661 |
60 |
4% |
2% |
882,542 |
279 |
|
$682,555 |
$92,462 |
14% |
11% |
$345,284,847 |
$187,278 |
Alger
Large Cap Growth Portfolio |
Dollar
Value of Securities Owned |
J.P. Morgan
Chase & Co., Inc. |
$2,803,078 |
Alger
Growth & Income Portfolio |
Dollar
Value of Securities Owned |
J.P. Morgan
Chase & Co., Inc. |
$1,178,963 |
Morgan
Stanley |
$799,619 |
Bank of
America Corp. |
$454,646 |
Alger
Balanced Portfolio |
Dollar
Value of Securities Owned |
Bank of
America Corp. |
$478,518 |
J.P. Morgan
Chase & Co., Inc. |
$1,747,850 |
Morgan
Stanley |
$844,472 |
Wells Fargo
& Co. |
$987,249 |
|
Class S
Shares |
Advertising
& Promotion |
$2,579 |
Compensation
to Dealers |
112,665 |
Compensation
to Sales Personnel |
7,422 |
Printing |
286 |
Total
Selling Expenses |
$122,952 |
Name,
(Year of Birth), and
Address(1) |
Position(s)
Held
with
the
Trust
and
Length
of
Time
Served |
Principal
Occupation(s) During
Past Five
Years |
Number
of
Portfolios
in the
Alger
Fund
Complex(3)
which
are
Overseen
by
Trustee |
Other
Directorships
Held by
Trustee
During
Past
Five
Years |
Interested
Trustee(2): |
|
|
|
|
Hilary
M. Alger (1961) |
Trustee
since
2007 |
Non-profit
Fundraising Consultant since
2015,
Schultz & Williams; Non-profit
Fundraising
Consultant since 2014, Hilary
Alger
Consulting; Emeritus Trustee since
2020
and Trustee from 2013 to 2020,
Philadelphia
Ballet; School Committee
Member
from 2017 to 2023, Germantown
Friends
School; Trustee, Target Margin
Theatre
from 1995 to 2023. |
32 |
Board
of Directors, Alger
Associates,
Inc.
|
Name,
(Year of Birth), and
Address(1) |
Position(s)
Held
with
the
Trust
and
Length
of
Time
Served |
Principal
Occupation(s) During
Past Five
Years |
Number
of
Portfolios
in the
Alger
Fund
Complex(3)
which
are
Overseen
by
Trustee |
Other
Directorships
Held by
Trustee
During
Past
Five
Years |
Non-Interested
Trustees: |
|
|
|
|
Charles
F. Baird, Jr. (1953) |
Trustee
since
2007 |
Managing
Partner of North Castle Partners
(private
equity securities group). |
32 |
|
David
Rosenberg (1962) |
Trustee
since
2007 |
Associate
Professor of Law since August
2000,
Zicklin School of Business, Baruch
College,
City University of New York. |
32 |
|
Nathan
E. Saint-Amand M.D.
(1938) |
Trustee
since
1988 |
Medical
doctor in private practice since
1970;
Member of the Board of the
Manhattan
Institute (non-profit policy
research)
since 1988. |
32 |
|
Name
(Year of Birth),
Position
with
Trust
and Address(1) |
Principal
Occupations |
Officer
Since |
Officers(2): |
|
|
Hal
Liebes (1964)
President,
Principal
Executive Officer |
Executive
Vice President, Chief Operating Officer (“COO”), and Secretary, Alger
Management;
COO and Secretary, Alger Associates, Inc. and Weatherbie Capital, LLC;
COO,
Vice President, Secretary and Manager, Alger Group Holdings, LLC and Alger
Capital,
LLC; Director, Alger SICAV; Executive Director and Chairman, Alger
Management,
Ltd.; Manager and Secretary, Alger Apple Real Estate LLC; Manager, Alger
Partners
Investors I, LLC, Alger Partners Investors II, LLC, Alger Partners
Investors KEIGF,
Alger
Partners Investors-Crossbay LLC and Redwood Investments, LLC; Secretary,
Alger
Boulder
I LLC. |
2005 |
Tina
Payne (1974)
Secretary,
Chief
Compliance Officer,
Chief
Legal Officer |
Senior
Vice President, General Counsel, Chief Compliance Officer (“CCO”) and
Assistant
Secretary,
Alger Management; Senior Vice President, General Counsel and Secretary,
Alger
LLC;
CCO, Alger Management, Ltd. and Redwood Investments, LLC; Assistant
Secretary,
Weatherbie
Capital, LLC; Vice President and Assistant Secretary, Alger Group
Holdings,
LLC. |
2017 |
Michael
D. Martins (1965)
Treasurer,
Principal
Financial Officer |
Senior
Vice President, Alger Management. |
2005 |
Sergio
M. Pavone (1961)
Assistant
Treasurer |
Vice
President, Alger Management. |
2007 |
Mia
G. Pillinger (1989)
Assistant
Secretary |
Vice
President, Associate Counsel of Alger Management since 2020. Formerly,
Associate at
Willkie
Farr & Gallagher, LLP, from 2016 to 2020. |
2020 |
Sushmita
Sahu (1981)
AML
Compliance Officer |
Vice
President, Alger Management. |
2021 |
Name
of Person |
Aggregate
Compensation
from The
Alger Portfolios± |
Total
Compensation
Paid to
Trustee from
The Alger
Fund Complex± |
Charles F.
Baird, Jr |
$12,799 |
$169,000 |
David
Rosenberg |
$12,799 |
$169,000 |
Nathan E.
Saint-Amand |
$12,799 |
$169,000 |
Name
of Trustee |
Alger
Capital
Appreciation |
Alger
Large
Cap
Growth |
Alger
Mid
Cap
Growth |
Alger
Small
Cap
Growth |
Alger
Growth
&
Income |
Alger
Balanced |
Aggregate
Dollar
Range of
Equity
Securities
of Funds
Overseen
by Trustee in
Alger
Fund Complex |
Interested
Trustee: |
|
|
|
|
|
|
|
Hilary M.
Alger |
A |
A |
A |
A |
A |
A |
E |
Independent
Trustees: |
|
|
|
|
|
|
|
Charles F.
Baird, Jr. |
A |
A |
A |
A |
A |
A |
E |
David
Rosenberg |
A |
A |
A |
A |
A |
A |
C |
Nathan E.
Saint-Amand |
A |
A |
A |
A |
A |
A |
E |
Portfolio |
Annual
Fee as a Percentage
of
Average Daily Net Assets |
Alger
Capital Appreciation Portfolio |
.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 |
Alger Large
Cap Growth Portfolio |
.71% for assets up to $1
billion;
.60% for assets in excess of
$1 billion |
Alger Mid
Cap Growth Portfolio |
.76% for assets up to $1
billion;
.70% for assets in excess of
$1 billion |
Alger Small
Cap Growth Portfolio |
.81% for assets up to $1
billion;
.75% for assets in excess of
$1 billion |
Alger
Growth & Income Portfolio |
.50% |
Alger
Balanced Portfolio |
.71% for assets up to $1
billion;
.55% for assets in excess of
$1 billion |
Portfolio |
2023 |
2022 |
2021 |
Alger Capital
Appreciation Portfolio |
$3,267,845 |
$3,586,175 |
$5,302,743 |
Alger Large
Cap Growth Portfolio |
$1,948,443 |
$2,133,998 |
$3,098,934 |
Alger Mid Cap
Growth Portfolio |
$966,888 |
$1,054,431 |
$1,592,341 |
Alger Small
Cap Growth Portfolio |
$1,229,408 |
$1,482,832 |
$2,465,711 |
Alger Growth
& Income Portfolio |
$174,594 |
$174,335 |
$189,473 |
Alger
Balanced Portfolio |
$379,720 |
$393,108 |
$403,961 |
Portfolio |
2023 |
2022 |
2021 |
Alger Capital
Appreciation Portfolio |
$— |
$— |
$— |
Alger Large
Cap Growth Portfolio |
$78,511 |
$82,205 |
$108,627 |
Alger Mid Cap
Growth Portfolio |
$30,812 |
$35,659 |
$44,580 |
Alger Small
Cap Growth Portfolio |
$— |
$— |
$— |
Alger Growth
& Income Portfolio |
$— |
$— |
$— |
Alger
Balanced Portfolio |
$— |
$— |
$— |
Portfolio |
2023 |
2022 |
2021 |
Alger Capital
Appreciation Portfolio |
$110,945 |
$121,753 |
$180,031 |
Alger Large
Cap Growth Portfolio |
$75,468 |
$82,655 |
$120,029 |
Alger Mid Cap
Growth Portfolio |
$34,986 |
$38,154 |
$57,618 |
Alger Small
Cap Growth Portfolio |
$41,739 |
$50,343 |
$83,712 |
Alger Growth
& Income Portfolio |
$9,603 |
$9,588 |
$10,421 |
Alger
Balanced Portfolio |
$14,707 |
$15,226 |
$15,646 |
|
Registered
Investment
Companies |
Other
Pooled
Investment
Vehicles |
Other
Accounts | |||
Gregory S.
Adams* |
3 |
$728,632,877 |
2 |
$98,066,709 |
6 |
$17,350,571 |
Dan C.
Chung*# |
11 |
$7,962,138,418 |
6 |
$1,053,926,147 |
34 |
$2,054,129,049 |
Ankur
Crawford# |
5 |
$8,154,497,235 |
8 |
$1,243,249,276 |
42 |
$2,443,095,305 |
Brandon A.
Geisler |
2 |
$282,274,096 |
0 |
$0 |
1 |
$2,750,327 |
Patrick
Kelly# |
5 |
$8,154,497,235 |
8 |
$1,243,249,276 |
42 |
$2,443,095,305 |
Sanjiv
Talwar± |
1 |
$113,530,951 |
1 |
$18,541,213 |
2 |
$9,882,974 |
Amy Y.
Zhang |
5 |
$2,390,940,654 |
2 |
$107,020,786 |
5 |
$107,439,900 |
Portfolio |
2023 |
2022 |
2021 |
Alger Capital
Appreciation Portfolio |
$40,344 |
$44,274 |
$65,466 |
Alger Large
Cap Growth Portfolio |
$27,443 |
$30,056 |
$43,647 |
Alger Mid Cap
Growth Portfolio |
$12,722 |
$13,874 |
$20,952 |
Alger Small
Cap Growth Portfolio |
$15,178 |
$18,307 |
$30,441 |
Alger Growth
& Income Portfolio |
$3,492 |
$3,487 |
$3,789 |
Alger
Balanced Portfolio |
$5,348 |
$5,537 |
$5,690 |
Name
and Address |
Fund
Classes |
Percentage
of
Total
Shares Held |
Zurich
American Life Insurance Co.
Variable
Annuity Separate Account
ATTN:
Separate Account Reporting
4
South
Greenville,
SC 29602 |
I-2 |
45.57% |
Ameritas
Life Ins. Corp.
Ameritas
Variable Separate Acct V
ATTN:
Variable Trades
5900 O
St.
Lincoln, NE
68510 |
I-2 |
10.99% |
American
National Insurance Company
Variable
Universal Life
1 Moody
Plz.
Galveston,
TX 77550 |
I-2 |
10.13%
|
Name
and Address |
Fund
Classes |
Percentage
of
Total
Shares Held |
Ameritas
Life Ins. Corp.
Ameritas
Variable Separate Acct VA-2
ATTN:
Variable Trades
5900 O
St.
Lincoln, NE
68510 |
I-2 |
10.06% |
AUL Group
Retirement Annuity
Separate
Account II
ATTN:
Separate Accounts
P.O. Box
368
Indianapolis,
IN 46206 |
I-2 |
7.00% |
Name
and Address |
Fund
Classes |
Percentage
of
Total
Shares Held |
Jefferson
National Ins. Co.
P.O. Box
182029
Columbus,
OH 43218 |
I-2 |
12.69% |
Zurich
American Life Insurance Co.
Variable
Annuity Separate Account
ATTN:
Separate Account Reporting
4
South
Greenville,
SC 29602 |
I-2 |
11.49% |
Lincoln
Benefit Life – Variable Life
P.O. Box
94210
Palatine,
IL 60094 |
I-2 |
10.75% |
AUL Group
Retirement Annuity
Separate
Account II
ATTN:
Separate Accounts
P.O. Box
368
Indianapolis,
IN 46206 |
I-2 |
7.24% |
Ameritas
Life Insurance Co.
Separate
Account G
ATTN:
Variable Trades
5900 O
St.
Lincoln, NE
68510 |
I-2 |
6.68% |
Midland
National Life Ins. Co.
ATTN:
Variable Annuity Dept.
4350
Westown Pkwy.
West Des
Moines, IA 50266 |
I-2 |
5.67% |
Midland
National Life Ins. Co.
4350
Westown Pkwy.
West Des
Moines, IA 50266 |
S |
87.72% |
Lincoln
Benefit Life Company
Allstate
and Prudential
5801 SW 6th
Ave
Topeka, KS
66636 |
S |
5.57% |
Name
and Address |
Fund
Classes |
Percentage
of
Total
Shares Held |
Lincoln
Benefit Life – Variable Life
P.O. Box
94210
Palatine,
IL 60094 |
I-2 |
21.38%
|
Name
and Address |
Fund
Classes |
Percentage
of
Total
Shares Held |
Delaware
Life Insurance Company
Retirement
Products and Services
1601
Trapelo Rd., Ste. 30
Waltham, MA
02451 |
I-2 |
11.53% |
American
National Insurance Company
Variable
Universal Life
1 Moody
Plz.
Galveston,
TX 77550 |
I-2 |
11.35% |
Lincoln
Benefit Life – Variable Annuity
200 SW 6th
Ave.
Topeka, KS
66603 |
I-2 |
10.96% |
Transamerica
Life Insurance Co.
Separate
Account VA-6
4333
Edgewood Rd. NE
Cedar
Rapids, IA 52499 |
I-2 |
7.93% |
Transamerica
Occidental Life
4333
Edgewood Rd. NE
Cedar
Rapids, IA 52499 |
I-2 |
6.77% |
American
National Insurance Company
Variable
Universal Life
8th Floor
Controllers Dept.
Galveston,
TX 77550 |
I-2 |
5.57% |
Name
and Address |
Fund
Classes |
Percentage
of
Total
Shares Held |
AUL
American Unit Trust
ATTN:
Separate Accounts
P.O. Box
368
Indianapolis,
IN 46206 |
I-2 |
11.82% |
GE Life and
Annuity Assurance Co.
Separate
Account III
6610 W
Broad St.
Richmond,
VA 23230 |
I-2 |
9.28% |
Jefferson
National Ins. Co.
P.O. Box
182029
Columbus,
OH 43218 |
I-2 |
6.40% |
Lincoln
Benefit Life – Variable Life
P.O. Box
94210
Palatine,
IL 60094 |
I-2 |
6.33% |
Great-West
Life & Annuity Insurance Company
8515 East
Orchard Road
Englewood,
CO 80111 |
I-2 |
6.17% |
National
Variable Life Insurance
ATTN:
Investment Accounting M415
1 National
Life Dr.
Montpelier,
VT 05604 |
I-2 |
5.93% |
Midland
National Life Insurance Co.
ATTN:
Variable Annuity Dept.
4350
Westown Pkwy.
West Des
Moines, IA 50266 |
I-2 |
5.76%
|
Name
and Address |
Fund
Classes |
Percentage
of
Total
Shares Held |
AUL Group
Retirement Annuity
Separate
Account II
ATTN:
Separate Accounts
P.O. Box
368
Indianapolis,
IN 46206 |
I-2 |
5.74% |
Name
and Address |
Fund
Classes |
Percentage
of
Total
Shares Held |
Lincoln
Benefit Life – Variable Life
P.O. Box
94210
Palatine,
IL 60094 |
I-2 |
26.19% |
Great-West
Life & Annuity Insurance Co.
Future Fund
Series
8515 East
Orchard Road
Englewood,
CO 80111 |
I-2 |
8.38% |
Jefferson
National Ins. Co.
P.O. Box
182029
Columbus,
OH 43218 |
I-2 |
7.59% |
Zurich
American Life Insurance Co.
Variable
Annuity Separate Account
2500
Westfield Dr.
Elgin, IL
60124 |
I-2 |
6.94% |
Midland
National Life Ins. Co.
ATTN:
Variable Annuity Dept.
4350
Westown Pkwy.
West Des
Moines, IA 50266 |
I-2 |
6.55% |
Lincoln
Benefit Life
Variable
Annuity
200 SW 6th
Ave.
Topeka, KS
66603 |
I-2 |
6.19% |
Name
and Address |
Fund
Classes |
Percentage
of
Total
Shares Held |
MetLife
Investors USA Insurance Co.
Separate
Account A
4700
Westown Pkwy, Suite 200
West Des
Moines, IA 50266 |
I-2 |
27.45% |
Nationwide
Life Insurance Company – PMLIC VLI
C/O IPO
Portfolios Accounting
P.O. Box
182029
Columbus,
OH 43218 |
I-2 |
15.89% |
GE Life and
Annuity Assurance Co.
Separate
Account III
6610 W
Broad St.
Richmond,
VA 23230 |
I-2 |
8.98% |
Lincoln
Benefit Life – Variable Life
P.O. Box
94210
Palatine,
IL 60094 |
I-2 |
5.06% |
Name
and Address |
Percentage
of
Total
Shares Held |
Zurich
American Life Insurance Co.
Variable
Annuity Separate Account
ATTN:
Separate Account Reporting
P.O. Box
19097
4
South
Greenville,
SC 29602 |
45.57% |
Name
and Address |
Percentage
of
Total
Shares Held |
Lincoln
Benefit Life – Variable Life
Allstate
Financial
P.O. Box
94210
Palatine,
IL 60094 |
26.19% |
Name
and Address |
Percentage
of
Total
Shares Held |
MetLife
Investors USA Insurance Co.
Separate
Account A
4700
Westown Pkwy., Suite 200
West Des
Moines, IA 50266 |
27.45% |