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As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 2/28/20 Alger Funds II 485BPOS 2/28/20 23:4.2M Donnelley … Solutions/FA → Alger Dynamic Opportunities Fund ⇒ 3 Classes/Contracts → Alger Emerging Markets Fund ⇒ 5 Classes/Contracts → Alger Responsible Investing Fund ⇒ 4 Classes/Contracts → Alger Spectra Fund ⇒ 5 Classes/Contracts |
Document/Exhibit Description Pages Size
1: 485BPOS The Alger Funds Ii 485BPOS HTML 1.47M
2: EX-99.28(D-2) Amendment to Schedule I of the Investment HTML 15K
Advisory Agreement
3: EX-99.28(D-3) Contract to Support Fee Waiver/Expense HTML 18K
Reimbursement
4: EX-99.28(G-2) Amendment to Custodian Agreement HTML 18K
5: EX-99.28(G-3) Terms of Letter Agreement HTML 21K
6: EX-99.28(G-4) Amendment to Custodian Agreement HTML 28K
7: EX-99.28(G-5) Amendment to Custodian Agreement HTML 18K
14: EX-99.28(H-12) Amendment to Accounting Agency Agreement HTML 18K
15: EX-99.28(H-13) Amendment to Accounting Agency Agreement HTML 28K
16: EX-99.28(H-14) Amendment to Accounting Agency Agreement HTML 14K
17: EX-99.28(H-15) Amendment to Accounting Agency Agreement HTML 19K
8: EX-99.28(H-2) Amendment No. 1 to Shareholder Administrative HTML 24K
Services Agreement
9: EX-99.28(H-3) Amendment No. 2 to Shareholder Administrative HTML 16K
Services Agreement
10: EX-99.28(H-5) Amendment No. 4 to Shareholder Administrative HTML 18K
Services Agreement
11: EX-99.28(H-6) Amendment No. 5 to Shareholder Administrative HTML 14K
Services Agreement
12: EX-99.28(H-7) Transfer Agency Agreement HTML 128K
13: EX-99.28(H-8) The Alger Funds Ii Fund Administration HTML 25K
Agreement
18: EX-99.28(J) Consent of Independent Registered Public HTML 9K
Accounting Firm
19: EX-99.28(M-1) Class A Distribution Plan of the Alger Funds Ii HTML 18K
20: EX-99.28(M-3) Class I Distribution Plan of the Alger Funds Ii HTML 18K
21: EX-99.28(N) The Alger Funds Ii Rule 18F-3 HTML 28K
22: EX-99.28(P) Code of Ethics HTML 71K
23: EX-99.28(Q) Power of Attorney HTML 13K
| The Alger Funds II 485BPOS |
| REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 | ☒ |
| Pre-Effective Amendment No. | ☐ |
| Post-Effective Amendment No. 83 | ☒ |
| and/or | |
| REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940 | ☒ |
| Amendment No. 96 | ☒ |
| (Check appropriate box or boxes) |
| ☒ | immediately upon filing pursuant to paragraph (b), or |
| ☐ | on (date) pursuant to paragraph (b), or |
| ☐ | 60 days after filing pursuant to paragraph (a)(1), or |
| ☐ | on (date) pursuant to paragraph (a)(1), or |
| ☐ | 75 days after filing pursuant to paragraph (a)(2), or |
| ☐ | on (date) pursuant to paragraph (a)(2) of Rule 485 |
| ☐ | This post-effective amendment designates a new effective date for a previously filed post-effective amendment. |
| Class | Ticker
Symbol | |
| Alger Spectra Fund | A | SPECX |
| C | ASPCX | |
| Alger Responsible Investing Fund | A | SPEGX |
| C | AGFCX | |
| Alger Dynamic Opportunities Fund | A | SPEDX |
| C | ADOCX | |
| Alger Emerging Markets Fund | A | AAEMX |
| C | ACEMX |
| Alger Spectra Fund | |||
| Class | A | C | |
| Shareholder
Fees (fees paid directly from your investment) | |||
| Maximum sales charge (load) imposed on purchases as a % of offering price | 5.25% | None | |
| Maximum deferred sales charge (load) as a % of purchase price or redemption proceeds, whichever is lower | None* | 1.00% | |
| Annual
Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | |||
| Advisory Fees** | .77% | .77% | |
| Distribution and/or Service (12b-1) Fees | .25% | 1.00% | |
| Other Expenses*** | .29% | .30% | |
| Total Annual Fund Operating Expenses | 1.31% | 2.07% | |
| * | Purchases of $1 million or more of Class A Shares at net asset value may be subject to a contingent deferred sales charge of 1.00% on redemptions made within 12 months of purchase. |
| ** | The Fund and Fred Alger Management, LLC have adopted fee breakpoints for Alger Spectra Fund. The advisory fee for assets up to $2 billion is .90%, for assets between $2 billion and $4 billion is .75%, for assets between $4 billion and $6 billion is .65%, for assets between $6 billion and $8 billion is .55%, and for assets in excess of $8 billion is .45%. The actual rate paid as a percentage of average daily net assets for the year ended October 31, 2019 was .77%. |
| *** | Other Expenses includes dividend and interest expense on short sales of .12% for Class A Shares and Class C Shares. |
| 1 Year | 3 Years | 5 Years | 10 Years | |
| Class A | $651 | $918 | $1,205 | $2,021 |
| Class C | $310 | $649 | $1,114 | $2,400 |
| You would pay the following expenses if you did not redeem your shares: | ||||
| Class C | $210 | $649 | $1,114 | $2,400 |
| Best Quarter: Q1 2012 16.48% | Worst Quarter: Q4 2018 -16.40% |
| 1 Year | 5 Years | 10 Years | |
| Class A (Inception 7/28/69) | |||
| Return Before Taxes | 25.21% | 11.69% | 13.76% |
| Return After Taxes on Distributions | 23.18% | 9.92% | 12.20% |
| Return After Taxes on Distributions and Sale of Shares | 16.34% | 8.98% | 11.10% |
| Class C (Inception 9/24/08) | |||
| Return Before Taxes | 30.17% | 12.06% | 13.51% |
| Russell 3000 Growth Index (reflects no deductions for fees, expenses or taxes) | 35.85% | 14.23% | 15.05% |
| Investment Manager | Portfolio Managers Jointly and Primarily Responsible for Day-to-Day Management of the Fund’s Portfolio |
| Fred Alger Management, LLC | Ankur
Crawford, Ph.D. Executive Vice President and Portfolio Manager Since June 2015 |
| Patrick
Kelly, CFA Executive Vice President, Head of Alger Capital Appreciation and Spectra Strategies and Portfolio Manager Since September 2004 |
| 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 |
| Alger
Responsible Investing Fund | |||
| Class | A | C | |
| Shareholder
Fees (fees paid directly from your investment) | |||
| Maximum sales charge (load) imposed on purchases as a % of offering price | 5.25% | None | |
| Maximum deferred sales charge (load) as a % of purchase price or redemption proceeds, whichever is lower | None* | 1.00% | |
| Annual
Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | |||
| Advisory Fees | .71% | .71% | |
| Distribution and/or Service (12b-1) Fees | .25% | 1.00% | |
| Other Expenses | .44% | .45% | |
| Total Annual Fund Operating Expenses | 1.40% | 2.16% | |
| Fee Waiver and/or Expense Reimbursement | (.05)%** | N/A | |
| Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement | 1.35% | 2.16% | |
| * | Purchases of $1 million or more of Class A Shares at net asset value may be subject to a contingent deferred sales charge of 1.00% on redemptions made within 12 months of purchase. |
| ** | Fred Alger Management, LLC has contractually agreed to waive fees or to reimburse Fund expenses (excluding acquired fund fees and expenses, dividend expense on short sales, borrowing costs, interest, taxes, brokerage and extraordinary expenses) through February 28, 2021 to the extent necessary to limit the total annual fund operating expenses of the Fund’s Class A Shares to 1.35% of the class’s average daily net assets. This expense reimbursement may only be amended or terminated prior to its expiration date by agreement between Fred Alger Management, LLC and the Fund’s Board of Trustees, and will terminate automatically in the event of termination of the Investment Advisory Agreement. |
| 1 Year | 3 Years | 5 Years | 10 Years | |
| Class A | $655 | $940 | $1,246 | $2,112 |
| Class C | $319 | $676 | $1,159 | $2,493 |
| You would pay the following expenses if you did not redeem your shares: | ||||
| Class C | $219 | $676 | $1,159 | $2,493 |
| Best Quarter: Q1 2019 14.99% | Worst Quarter: Q4 2018 -16.89% |
| 1 Year | 5 Years | 10 Years | |
| Class A (Inception 12/4/00) | |||
| Return Before Taxes | 26.83% | 10.70% | 10.84% |
| Return After Taxes on Distributions | 24.69% | 9.00% | 9.81% |
| Return After Taxes on Distributions and Sale of Shares | 17.38% | 8.21% | 8.78% |
| Class C (Inception 9/24/08) | |||
| Return Before Taxes | 31.79% | 11.01% | 10.57% |
| Russell 1000 Growth Index (reflects no deductions for fees, expenses or taxes) | 36.39% | 14.63% | 15.22% |
| Investment Manager | Portfolio Manager Primarily Responsible for Day-to-Day Management of the Fund’s Portfolio |
| Fred Alger Management, LLC | Gregory
S. Adams, CFA Senior Vice President, Director of Quantitative & Risk Management and Portfolio Manager Since December 2016 |
| 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 |
| Alger
Dynamic Opportunities Fund | |||
| Class | A | C | |
| Shareholder
Fees (fees paid directly from your investment) | |||
| Maximum sales charge (load) imposed on purchases as a % of offering price | 5.25% | None | |
| Maximum deferred sales charge (load) as a % of purchase price or redemption proceeds, whichever is lower | None* | 1.00% | |
| Annual
Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | |||
| Advisory Fees | 1.20% | 1.20% | |
| Distribution and/or Service (12b-1) Fees | .25% | 1.00% | |
| Other Expenses** | 1.04% | 1.05% | |
| Total Annual Fund Operating Expenses | 2.49% | 3.25% | |
| Fee Waiver and/or Expense Reimbursement*** | (.49)% | (.50)% | |
| Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement | 2.00% | 2.75% | |
| * | Purchases of $1 million or more of Class A Shares at net asset value may be subject to a contingent deferred sales charge of 1.00% on redemptions made within 12 months of purchase. |
| ** | Other Expenses includes dividend and interest expense on short sales of .59% for Class A Shares and .60% for Class C Shares. |
| *** | Fred Alger Management, LLC has contractually agreed to waive fees or to reimburse Fund expenses (excluding acquired fund fees and expenses, interest, taxes, brokerage and extraordinary expenses) through February 28, 2021 to the extent necessary to limit the total annual fund operating expenses of the Fund’s Class A Shares to 2.00%, and the Class C Shares to 2.75%, of the class’s average daily net assets. This expense reimbursement may only be amended or terminated prior to its expiration date by agreement between Fred Alger Management, LLC and the Fund’s Board of Trustees, and will terminate automatically in the event of termination of the Investment Advisory Agreement. |
| 1 Year | 3 Years | 5 Years | 10 Years | |
| Class A | $717 | $1,216 | $1,739 | $3,168 |
| Class C | $378 | $ 954 | $1,655 | $3,515 |
| You would pay the following expenses if you did not redeem your shares: | ||||
| Class C | $278 | $ 954 | $1,655 | $3,515 |
| Best Quarter: Q1 2019 14.87% | Worst Quarter: Q4 2018 -15.07% |
| 1 Year | 5 Years | 10 Years | |
| Class A (Inception 11/2/09) | |||
| Return Before Taxes | 6.88% | 4.39% | 5.39% |
| Return After Taxes on Distributions | 5.96% | 3.61% | 4.57% |
| Return After Taxes on Distributions and Sale of Shares | 4.73% | 3.31% | 4.09% |
| Class C (Inception 12/29/10) | |||
| Return Before Taxes | 10.97% | 4.71% | 5.15% |
| S&P 500 Index (reflects no deductions for fees, expenses or taxes) | 31.49% | 11.70% | 13.56% |
| HRFI Equity Hedge (Total) Index (reflects no deductions for fees, expenses or taxes) | 13.90% | 4.59% | 4.70% |
| * | Performance of the Fund’s Class C Shares prior to December 29, 2010 reflects performance of the Fund’s Class A Shares, as adjusted with currently applicable sales charges and operating expenses, which differ from historical charges and expenses. |
| Investment Manager | Portfolio Managers Jointly and Primarily Responsible for Day-to-Day Management of the Fund’s Portfolio |
| Fred Alger Management, LLC | Dan
C. Chung, CFA Chief Executive Officer, Chief Investment Officer and Portfolio Manager Since Inception (11/2/09) |
| Gregory
S. Adams, CFA Senior Vice President, Director of Quantitative & Risk Management and Portfolio Manager Since Inception (11/2/09) |
| Sub-Adviser | |
| Weatherbie Capital, LLC* | H.
George Dai, Ph.D. Senior Managing Director and Co-Chief Investment Officer of Weatherbie Capital, LLC Since March 2017 |
| Joshua
D. Bennett, CFA Senior Managing Director, Director of Research of Weatherbie Capital, LLC Since March 2017 | |
| Daniel
J. Brazeau, CFA Managing Director, Investments of Weatherbie Capital, LLC Since March 2017 |
| * | Weatherbie Capital, LLC, an affiliate of Fred Alger Management, LLC, sub-advises the Fund subject to Fred Alger Management, LLC’s supervision and approval. |
| 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 |
| Alger Emerging Markets Fund | |||
| Class | A | C | |
| Shareholder
Fees (fees paid directly from your investment) | |||
| Maximum sales charge (load) imposed on purchases as a % of offering price | 5.25% | None | |
| Maximum deferred sales charge (load) as a % of purchase price or redemption proceeds, whichever is lower | None* | 1.00% | |
| Annual
Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | |||
| Advisory Fees | .75% | .75% | |
| Distribution and/or Service (12b-1) Fees | .25% | 1.00% | |
| Other Expenses | 1.22% | 1.23% | |
| Total Annual Fund Operating Expenses | 2.22% | 2.98% | |
| Fee Waiver and/or Expense Reimbursement** | (.67)% | (.68)% | |
| Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement | 1.55% | 2.30% | |
| * | Purchases of $1 million or more of Class A Shares at net asset value may be subject to a contingent deferred sales charge of 1.00% on redemptions made within 12 months of purchase. |
| ** | Fred Alger Management, LLC has contractually agreed to waive fees or to reimburse Fund expenses (excluding acquired fund fees and expenses, dividend expense on short sales, borrowing costs, interest, taxes, brokerage and extraordinary expenses) through February 28, 2021 to the extent necessary to limit the total annual fund operating expenses of the Fund’s Class A Shares to 1.55%, and the Class C Shares to 2.30%, of the class’s average daily net assets. This expense reimbursement may only be amended or terminated prior to its expiration date by agreement between Fred Alger Management, LLC and the Fund’s Board of Trustees, and will terminate automatically in the event of termination of the Investment Advisory Agreement. |
| 1 Year | 3 Years | 5 Years | 10 Years | |
| Class A | $674 | $1,122 | $1,594 | $2,896 |
| Class C | $333 | $ 858 | $1,508 | $3,251 |
| You would pay the following expenses if you did not redeem your shares: | ||||
| Class C | $233 | $ 858 | $1,508 | $3,251 |
| Best Quarter: Q1 2012 13.32% | Worst Quarter: Q3 2011 -24.57% |
| 1 Year | 5 Years | Since
Inception (12/29/10) | |
| Class A | |||
| Return Before Taxes | 15.50% | 3.44% | 0.86% |
| Return After Taxes on Distributions | 13.37% | 2.55% | 0.31% |
| Return After Taxes on Distributions and Sale of Shares | 9.17% | 2.26% | 0.42% |
| Class C | |||
| Return Before Taxes | 19.93% | 3.76% | 0.65% |
| MSCI Emerging Markets Index (reflects no deductions for fees, expenses or taxes) | 18.88% | 6.01% | 2.63% |
| Investment Manager | Portfolio Manager Primarily Responsible for Day-to-Day Management of the Fund’s Portfolio |
| Fred Alger Management, LLC | Dan
C. Chung, CFA Chief Executive Officer, Chief Investment Officer and Portfolio Manager Since September 2019 |
| Gregory
Jones Senior Vice President and Portfolio Manager Since September 2019 | |
| Pragna
Shere Senior Vice President and Portfolio Manager Since September 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 |
| • | HFRI Equity Hedge (Total) Index: An equal-weighted, net of all fees, index calculated three times per month of equity hedge strategies contained in the HFR Database, which contains over 2,000 constituents, including both domestic and offshore portfolios, that have at least $50 million under management or have been actively trading for at least 12 months. Equity hedge strategies maintain positions both long and short in primarily equity and equity derivative securities. Equity hedge managers would typically maintain at least 50% exposure to, and may in some cases be entirely invested in, equities, both long and short. |
| • | Russell 1000 Growth Index: An unmanaged index designed to measure the performance of a subset of the largest 1,000 capitalization companies in the Russell 3000 Index with higher price-to-book ratios and higher forecasted growth values. |
| • | Russell 3000 Growth Index: An unmanaged index of common stocks designed to measure the performance of companies in the Russell 3000 Index with higher price-to-book ratios and higher forecasted growth values. |
| • | MSCI Emerging Markets Index: A free float-adjusted market capitalization index designed to measure equity market performance in the global emerging markets. |
| • | S&P 500 Index: An index of large company common stocks considered to be representative of the U.S. stock market. |
| • | High Unit Volume Growth Vital, creative companies that offer goods or services to a rapidly expanding marketplace. They include both established and emerging firms, exercising market dominance, offering new or improved products, or simply fulfilling an increased demand for an existing product line. |
| • | Positive
Life Cycle Change Companies experiencing a major change which is expected to produce advantageous results. These changes may be as varied as new management, products or technologies; restructuring or reorganization; regulatory change; or merger and acquisition. |
| Fund | Portfolio Manager(s) | Since |
| Alger Spectra Fund | Ankur
Crawford, Ph.D. Patrick Kelly, CFA |
June
2015 September 2004 |
| Alger Responsible Investing Fund | Gregory S. Adams, CFA | December 2016 |
| Alger Dynamic Opportunities Fund | Dan
C. Chung, CFA Gregory S. Adams, CFA H. George Dai, Ph.D. Joshua D. Bennett, CFA Daniel J. Brazeau, CFA |
Inception
(11/2/09) Inception (11/2/09) March 2017 March 2017 March 2017 |
| Alger Emerging Markets Fund | Daniel
C. Chung, CFA Gregory Jones Pragna Shere |
September
2019 September 2019 September 2019 |
| • | Mr. Adams has been employed by the Manager since 2006. He became a Senior Vice President and the Director of Quantitative & Risk Management in 2006, and a portfolio manager in 2012. From 2006 through 2012, Mr. Adams was a Senior Analyst. |
| • | Mr. Bennett is a Senior Managing Director, Director of Research of Weatherbie. He joined Weatherbie in 2007. |
| • | Mr. Brazeau is a Managing Director, Investments of Weatherbie. He joined Weatherbie in 2004. |
| • | Mr. Chung has been employed by the Manager since 1994. He became a portfolio manager in 2000, Chief Investment Officer in 2001, President in 2003, and Chief Executive Officer in 2006. |
| • | Ms. Crawford has been employed by the Manager since 2004. She became a portfolio manager and a Senior Vice President in 2010 and an Executive Vice President in 2019. She served as a Vice President and an Analyst from 2007 to 2010, and a Senior Analyst from 2010 to 2016. |
| • | Mr. Dai is a Senior Managing Director and Co-Chief Investment Officer of Weatherbie. He joined Weatherbie in 2001. |
| • | Mr. Jones has been employed by the Manager since March 2018 as a portfolio manager and a Senior Vice President. Previously, Mr. Jones was a portfolio manager and analyst at Redwood Investments from 2016 to 2018, and prior to that, was Director of Global Equities, Co-Chief Investment Officer and portfolio manager/analyst at Ashfield Capital Partners. |
| • | Mr. Kelly has been employed by the Manager since 1999. He became a portfolio manager in 2004, an Executive Vice President in 2008, and the Head of Alger Capital Appreciation and Spectra Strategies in 2015. |
| • | Ms. Shere has been employed by the Manager since March 2018 as a portfolio manager and a Senior Vice President. Previously, Ms. Shere was a portfolio manager and analyst at Redwood Investments from 2016 to 2018, and prior to that, was portfolio manager/analyst at Ashfield Capital Partners. |
| • | You invest $10,000 in the Fund and hold it for the entire 10-year period; |
| • | Your investment has a 5% return before expenses each year; and |
| • | The maximum initial sales charge is applied. |
| Class A | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
| Expense Ratio | 1.31% | 1.31% | 1.31% | 1.31% | 1.31% | 1.31% | 1.31% | 1.31% | 1.31% | 1.31% |
| 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 | -1.56% | 2.07% | 5.84% | 9.74% | 13.79% | 17.99% | 22.35% | 26.86% | 31.54% | 36.40% |
| End Investment Balance | $ 9,825 | $ 10,187 | $ 10,563 | $ 10,953 | $ 11,357 | $ 11,776 | $ 12,211 | $ 12,661 | $ 13,128 | $ 13,613 |
| Annual Expense | $ 651 | $ 131 | $ 136 | $ 141 | $ 146 | $ 152 | $ 157 | $ 163 | $ 169 | $ 175 |
| Class C | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
| Expense Ratio | 2.07% | 2.07% | 2.07% | 2.07% | 2.07% | 2.07% | 2.07% | 2.07% | 2.07% | 2.07% |
| 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 | 2.93% | 5.95% | 9.05% | 12.25% | 15.53% | 18.92% | 22.40% | 25.99% | 29.68% | 33.48% |
| End Investment Balance | $10,293 | $ 10,595 | $ 10,905 | $ 11,225 | $ 11,553 | $ 11,892 | $ 12,240 | $ 12,599 | $ 12,968 | $ 13,348 |
| Annual Expense | $ 210 | $ 216 | $ 223 | $ 229 | $ 236 | $ 243 | $ 250 | $ 257 | $ 265 | $ 272 |
| Class A | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
| Expense Ratio | 1.35% | 1.40% | 1.40% | 1.40% | 1.40% | 1.40% | 1.40% | 1.40% | 1.40% | 1.40% |
| 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 | -1.60% | 1.94% | 5.61% | 9.41% | 13.35% | 17.43% | 21.66% | 26.04% | 30.58% | 35.28% |
| End Investment Balance | $ 9,821 | $ 10,174 | $ 10,541 | $ 10,920 | $ 11,313 | $ 11,721 | $ 12,142 | $ 12,580 | $ 13,032 | $ 13,502 |
| Annual Expense | $ 655 | $ 140 | $ 145 | $ 150 | $ 156 | $ 161 | $ 167 | $ 173 | $ 179 | $ 186 |
| Class C | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
| Expense Ratio | 2.16% | 2.16% | 2.16% | 2.16% | 2.16% | 2.16% | 2.16% | 2.16% | 2.16% | 2.16% |
| 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 | 2.84% | 5.76% | 8.76% | 11.85% | 15.03% | 18.30% | 21.66% | 25.11% | 28.66% | 32.32% |
| End Investment Balance | $10,284 | $ 10,576 | $ 10,876 | $ 11,185 | $ 11,503 | $ 11,830 | $ 12,166 | $ 12,511 | $ 12,866 | $ 13,232 |
| Annual Expense | $ 219 | $ 225 | $ 232 | $ 238 | $ 245 | $ 252 | $ 259 | $ 267 | $ 274 | $ 282 |
| Class A | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
| Expense Ratio | 2.00% | 2.49% | 2.49% | 2.49% | 2.49% | 2.49% | 2.49% | 2.49% | 2.49% | 2.49% |
| 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 | -2.25% | 0.20% | 2.72% | 5.30% | 7.94% | 10.65% | 13.43% | 16.27% | 19.19% | 22.18% |
| End Investment Balance | $ 9,759 | $ 10,004 | $ 10,255 | $ 10,513 | $ 10,777 | $ 11,047 | $ 11,324 | $ 11,609 | $ 11,900 | $ 12,199 |
| Annual Expense | $ 717 | $ 246 | $ 252 | $ 259 | $ 265 | $ 272 | $ 279 | $ 286 | $ 293 | $ 300 |
| Class C | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
| Expense Ratio | 2.75% | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% | 3.25% |
| 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 | 2.25% | 4.04% | 5.86% | 7.71% | 9.60% | 11.52% | 13.47% | 15.45% | 17.47% | 19.53% |
| End Investment Balance | $10,225 | $ 10,404 | $ 10,586 | $ 10,771 | $ 10,960 | $ 11,152 | $ 11,347 | $ 11,545 | $ 11,747 | $ 11,953 |
| Annual Expense | $ 278 | $ 335 | $ 341 | $ 347 | $ 353 | $ 359 | $ 366 | $ 372 | $ 379 | $ 385 |
| Class A | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
| Expense Ratio | 1.55% | 2.22% | 2.22% | 2.22% | 2.22% | 2.22% | 2.22% | 2.22% | 2.22% | 2.22% |
| 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 | -1.80% | 0.93% | 3.74% | 6.62% | 9.58% | 12.63% | 15.76% | 18.98% | 22.29% | 25.69% |
| End Investment Balance | $ 9,802 | $ 10,074 | $ 10,354 | $ 10,642 | $ 10,938 | $ 11,242 | $ 11,555 | $ 11,876 | $ 12,206 | $ 12,545 |
| Annual Expense | $ 674 | $ 221 | $ 227 | $ 233 | $ 240 | $ 246 | $ 253 | $ 260 | $ 267 | $ 275 |
| Class C | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
| Expense Ratio | 2.30% | 2.98% | 2.98% | 2.98% | 2.98% | 2.98% | 2.98% | 2.98% | 2.98% | 2.98% |
| 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 | 2.70% | 4.77% | 6.89% | 9.05% | 11.25% | 13.50% | 15.79% | 18.13% | 20.52% | 22.95% |
| End Investment Balance | $10,270 | $ 10,477 | $ 10,689 | $ 10,905 | $ 11,125 | $ 11,350 | $ 11,579 | $ 11,813 | $ 12,052 | $ 12,295 |
| Annual Expense | $ 233 | $ 309 | $ 315 | $ 322 | $ 328 | $ 335 | $ 342 | $ 349 | $ 356 | $ 363 |
| Alger Spectra Fund Class A | Year
ended 10/31/19 |
Year
ended 10/31/18 |
Year
ended 10/31/17 |
Year
ended 10/31/16 |
Year
ended 10/31/15 |
| Net asset value, beginning of period | $ 21.94 | $ 21.41 | $ 16.91 | $ 18.45 | $ 19.13 |
| Income from Investment Operations: | |||||
| Net investment loss (i) | (0.07) | (0.06) | (0.02) | (0.01) | (0.04) |
| Net realized and unrealized gain (loss) on investments | 2.84 | 1.85 | 4.86 | (0.03) | 1.74 |
| Total from investment operations | 2.77 | 1.79 | 4.84 | (0.04) | 1.70 |
| Distributions from net realized gains | (2.20) | (1.26) | (0.34) | (1.50) | (2.38) |
| Net asset value, end of period | $ 22.51 | $ 21.94 | $ 21.41 | $ 16.91 | $ 18.45 |
| Total return (ii) | 14.82% | 8.75% | 29.19% | (0.36)% | 9.66% |
| Ratios/Supplemental Data: | |||||
| Net assets, end of period (000's omitted) | $1,222,285 | $1,208,421 | $1,662,441 | $1,635,495 | $2,243,901 |
| Ratio of gross expenses to average net assets | 1.31%(iii) | 1.27%(iv) | 1.28%(v) | 1.31%(vi) | 1.34%(vii) |
| Ratio of net expenses to average net assets | 1.31% | 1.27% | 1.28% | 1.31% | 1.34% |
| Ratio of net investment loss to average net assets | (0.35)% | (0.29)% | (0.13)% | (0.05)% | (0.24)% |
| Portfolio turnover rate | 86.54% | 74.19% | 80.08% | 108.51% | 143.64% |
| (i) | Amount was computed based on average shares outstanding during the period. |
| (ii) | Does not reflect the effect of sales charges, if applicable. |
| (iii) | Includes 0.12% related to dividend expense on short positions and interest expense for the period ended 10/31/19. |
| (iv) | Includes 0.08% related to dividend expense on short positions and interest expense for the period ended 10/31/18. |
| (v) | Includes 0.07% related to dividend expense on short positions and interest expense for the period ended 10/31/17. |
| (vi) | Includes 0.10% related to dividend expense on short positions and interest expense for the period ended 10/31/16. |
| (vii) | Includes 0.15% related to dividend expense on short positions and interest expense for the period ended 10/31/15. |
| Alger Spectra Fund Class C | Year
ended 10/31/19 |
Year
ended 10/31/18 |
Year
ended 10/31/17 |
Year
ended 10/31/16 |
Year
ended 10/31/15 |
| Net asset value, beginning of period | $ 20.06 | $ 19.82 | $ 15.80 | $ 17.46 | $ 18.35 |
| Income from Investment Operations: | |||||
| Net investment loss (i) | (0.21) | (0.21) | (0.15) | (0.13) | (0.18) |
| Net realized and unrealized gain (loss) on investments | 2.55 | 1.71 | 4.51 | (0.03) | 1.67 |
| Total from investment operations | 2.34 | 1.50 | 4.36 | (0.16) | 1.49 |
| Distributions from net realized gains | (2.20) | (1.26) | (0.34) | (1.50) | (2.38) |
| Net asset value, end of period | $ 20.20 | $ 20.06 | $ 19.82 | $ 15.80 | $ 17.46 |
| Total return (ii) | 13.97% | 7.95% | 28.18% | (1.12)% | 8.84% |
| Ratios/Supplemental Data: | |||||
| Net assets, end of period (000's omitted) | $681,792 | $727,681 | $765,136 | $815,694 | $899,108 |
| Ratio of gross expenses to average net assets | 2.07%(iii) | 2.01%(iv) | 2.04%(v) | 2.07%(vi) | 2.11%(vii) |
| Ratio of net expenses to average net assets | 2.07% | 2.01% | 2.04% | 2.07% | 2.11% |
| Ratio of net investment loss to average net assets | (1.10)% | (1.04)% | (0.89)% | (0.82)% | (1.01)% |
| Portfolio turnover rate | 86.54% | 74.19% | 80.08% | 108.51% | 143.64% |
| (i) | Amount was computed based on average shares outstanding during the period. |
| (ii) | Does not reflect the effect of sales charges, if applicable. |
| (iii) | Includes 0.12% related to dividend expense on short positions and interest expense for the period ended 10/31/19. |
| (iv) | Includes 0.08% related to dividend expense on short positions and interest expense for the period ended 10/31/18. |
| (v) | Includes 0.07% related to dividend expense on short positions and interest expense for the period ended 10/31/17. |
| (vi) | Includes 0.10% related to dividend expense on short positions and interest expense for the period ended 10/31/16. |
| (vii) | Includes 0.15% related to dividend expense on short positions and interest expense for the period ended 10/31/15. |
| Alger Responsible Investing Fund Class A | Year
ended 10/31/19 |
Year
ended 10/31/18 |
Year
ended 10/31/17 |
Year
ended 10/31/16 |
Year
ended 10/31/15 |
| Net asset value, beginning of period | $ 10.60 | $ 11.32 | $ 9.14 | $ 9.36 | $ 9.14 |
| Income from Investment Operations: | |||||
| Net investment income (loss) (i) | (0.01) | (0.02) | — | 0.01 | (0.01) |
| Net realized and unrealized gain (loss) on investments | 1.43 | 0.84 | 2.55 | (0.10) | 0.49 |
| Total from investment operations | 1.42 | 0.82 | 2.55 | (0.09) | 0.48 |
| Distributions from net realized gains | (0.64) | (1.54) | (0.37) | (0.13) | (0.26) |
| Net asset value, end of period | $ 11.38 | $ 10.60 | $ 11.32 | $ 9.14 | $ 9.36 |
| Total return (ii) | 14.81% | 8.05% | 28.84% | (1.03)% | 5.30% |
| Ratios/Supplemental Data: | |||||
| Net assets, end of period (000's omitted) | $29,932 | $29,662 | $33,828 | $31,321 | $34,213 |
| Ratio of gross expenses to average net assets | 1.40% | 1.41% | 1.42% | 1.31% | 1.29% |
| Ratio of expense reimbursements to average net assets | (0.05)% | (0.06)% | (0.07)% | — | — |
| Ratio of net expenses to average net assets | 1.35% | 1.35% | 1.35% | 1.31% | 1.29% |
| Ratio of net investment income (loss) to average net assets | (0.12)% | (0.16)% | (0.02)% | 0.14% | (0.07)% |
| Portfolio turnover rate | 14.64% | 20.20% | 30.70% | 19.84% | 16.85% |
| (i) | Amount was computed based on average shares outstanding during the period. |
| (ii) | Does not reflect the effect of sales charges, if applicable. |
| Alger Responsible Investing Fund Class C | Year
ended 10/31/19 |
Year
ended 10/31/18 |
Year
ended 10/31/17 |
Year
ended 10/31/16 |
Year
ended 10/31/15 |
| Net asset value, beginning of period | $ 9.62 | $ 10.49 | $ 8.56 | $ 8.84 | $ 8.71 |
| Income from Investment Operations: | |||||
| Net investment loss (i) | (0.09) | (0.09) | (0.08) | (0.05) | (0.07) |
| Net realized and unrealized gain (loss) on investments | 1.29 | 0.76 | 2.38 | (0.10) | 0.46 |
| Total from investment operations | 1.20 | 0.67 | 2.30 | (0.15) | 0.39 |
| Distributions from net realized gains | (0.64) | (1.54) | (0.37) | (0.13) | (0.26) |
| Net asset value, end of period | $10.18 | $ 9.62 | $10.49 | $ 8.56 | $ 8.84 |
| Total return (ii) | 13.97% | 7.14% | 27.83% | (1.77)% | 4.51% |
| Ratios/Supplemental Data: | |||||
| Net assets, end of period (000's omitted) | $ 5,369 | $ 6,124 | $ 6,205 | $ 5,581 | $ 5,949 |
| Ratio of gross expenses to average net assets | 2.16% | 2.14% | 2.19% | 2.09% | 2.07% |
| Ratio of net expenses to average net assets | 2.16% | 2.14% | 2.19% | 2.09% | 2.07% |
| Ratio of net investment loss to average net assets | (0.92)% | (0.95)% | (0.86)% | (0.63)% | (0.85)% |
| Portfolio turnover rate | 14.64% | 20.20% | 30.70% | 19.84% | 16.85% |
| (i) | Amount was computed based on average shares outstanding during the period. |
| (ii) | Does not reflect the effect of sales charges, if applicable. |
| Alger Dynamic Opportunities Fund Class A | Year
ended 10/31/19 |
Year
ended 10/31/18 |
Year
ended 10/31/17 |
Year
ended 10/31/16 |
Year
ended 10/31/15 |
| Net asset value, beginning of period | $ 13.73 | $ 14.10 | $ 11.63 | $ 12.48 | $ 12.86 |
| Income from Investment Operations: | |||||
| Net investment loss (i) | (0.16) | (0.28) | (0.21) | (0.17) | (0.19) |
| Net realized and unrealized gain (loss) on investments | 0.58 | 0.80 | 2.72 | (0.34) | 0.55 |
| Total from investment operations | 0.42 | 0.52 | 2.51 | (0.51) | 0.36 |
| Distributions from net realized gains | (0.24) | (0.89) | (0.04) | (0.34) | (0.74) |
| Net asset value, end of period | $ 13.91 | $ 13.73 | $ 14.10 | $ 11.63 | $ 12.48 |
| Total return (ii) | 3.26% | 3.99% | 21.63% | (4.22)% | 2.86% |
| Ratios/Supplemental Data: | |||||
| Net assets, end of period (000's omitted) | $ 32,011 | $ 29,620 | $ 28,833 | $ 30,031 | $ 67,533 |
| Ratio of gross expenses to average net assets | 2.49%(iii) | 2.63%(iv) | 2.51%(v) | 2.38%(vi) | 2.20%(vii) |
| Ratio of expense reimbursements to average net assets | (0.32)% | — | — | — | — |
| Ratio of net expenses to average net assets | 2.17% | 2.63% | 2.51% | 2.38% | 2.20% |
| Ratio of net investment loss to average net assets | (1.12)% | (2.02)% | (1.62)% | (1.43)% | (1.51)% |
| Portfolio turnover rate | 264.04% | 181.92% | 216.81% | 146.73% | 178.19% |
| (i) | Amount was computed based on average shares outstanding during the period. |
| (ii) | Does not reflect the effect of sales charges, if applicable. |
| (iii) | Includes 0.59% related to dividend expense on short positions and interest expense for the period ended 10/31/19. |
| (iv) | Includes 0.81% related to dividend expense on short positions and interest expense for the period ended 10/31/18. |
| (v) | Includes 0.62% related to dividend expense on short positions and interest expense for the period ended 10/31/17. |
| (vi) | Includes 0.58% related to dividend expense on short positions and interest expense for the period ended 10/31/16. |
| (vii) | Includes 0.44% related to dividend expense on short positions and interest expense for the period ended 10/31/15. |
| Alger Dynamic Opportunities Fund Class C | Year
ended 10/31/19 |
Year
ended 10/31/18 |
Year
ended 10/31/17 |
Year
ended 10/31/16 |
Year
ended 10/31/15 |
| Net asset value, beginning of period | $ 12.81 | $ 13.32 | $ 11.07 | $ 11.98 | $ 12.47 |
| Income from Investment Operations: | |||||
| Net investment loss (i) | (0.25) | (0.36) | (0.29) | (0.25) | (0.28) |
| Net realized and unrealized gain (loss) on investments | 0.55 | 0.74 | 2.58 | (0.32) | 0.53 |
| Total from investment operations | 0.30 | 0.38 | 2.29 | (0.57) | 0.25 |
| Distributions from net realized gains | (0.24) | (0.89) | (0.04) | (0.34) | (0.74) |
| Net asset value, end of period | $ 12.87 | $ 12.81 | $ 13.32 | $ 11.07 | $ 11.98 |
| Total return (ii) | 2.55% | 3.12% | 20.73% | (5.00)% | 2.11% |
| Ratios/Supplemental Data: | |||||
| Net assets, end of period (000's omitted) | $ 7,071 | $ 6,790 | $ 6,472 | $ 7,120 | $ 10,136 |
| Ratio of gross expenses to average net assets | 3.25%(iii) | 3.41%(iv) | 3.29%(v) | 3.14%(vi) | 2.98%(vii) |
| Ratio of expense reimbursements to average net assets | (0.32)% | — | — | — | — |
| Ratio of net expenses to average net assets | 2.93% | 3.41% | 3.29% | 3.14% | 2.98% |
| Ratio of net investment loss to average net assets | (1.88)% | (2.79)% | (2.42)% | (2.19)% | (2.28)% |
| Portfolio turnover rate | 264.04% | 181.92% | 216.81% | 146.73% | 178.19% |
| (i) | Amount was computed based on average shares outstanding during the period. |
| (ii) | Does not reflect the effect of sales charges, if applicable. |
| (iii) | Includes 0.60% related to dividend expense on short positions and interest expense for the period ended 10/31/19. |
| (iv) | Includes 0.81% related to dividend expense on short positions and interest expense for the period ended 10/31/18. |
| (v) | Includes 0.61% related to dividend expense on short positions and interest expense for the period ended 10/31/17. |
| (vi) | Includes 0.59% related to dividend expense on short positions and interest expense for the period ended 10/31/16. |
| (vii) | Includes 0.44% related to dividend expense on short positions and interest expense for the period ended 10/31/15. |
| Alger Emerging Markets Fund Class A | Year
ended 10/31/19 |
Year
ended 10/31/18 |
Year
ended 10/31/17 |
Year
ended 10/31/16 |
Year
ended 10/31/15 |
| Net asset value, beginning of period | $ 8.77 | $ 11.29 | $ 9.09 | $ 8.55 | $ 9.44 |
| Income from Investment Operations: | |||||
| Net investment income (loss) (i) | 0.03 | —(ii) | — | (0.01) | (0.03) |
| Net realized and unrealized gain (loss) on investments | 1.18 | (2.12) | 2.20 | 0.56 | (0.86) |
| Total from investment operations | 1.21 | (2.12) | 2.20 | 0.55 | (0.89) |
| Dividends from net investment income | (0.18) | (0.40) | — | (0.01) | — |
| Net asset value, end of period | $ 9.80 | $ 8.77 | $11.29 | $ 9.09 | $ 8.55 |
| Total return (iii) | 14.13% | (19.46)% | 24.20% | 6.41% | (9.43)% |
| Ratios/Supplemental Data: | |||||
| Net assets, end of period (000's omitted) | $ 3,942 | $ 4,397 | $ 7,141 | $ 5,931 | $ 8,270 |
| Ratio of gross expenses to average net assets | 2.22% | 1.77% | 2.05% | 2.43% | 2.71% |
| Ratio of expense reimbursements to average net assets | (0.69)% | (0.21)% | (0.50)% | (0.83)% | (1.01)% |
| Ratio of net expenses to average net assets | 1.53% | 1.56% | 1.55% | 1.60% | 1.70% |
| Ratio of net investment income (loss) to average net assets | 0.35% | (0.01)% | 0.05% | (0.10)% | (0.31)% |
| Portfolio turnover rate | 80.33% | 105.23% | 71.95% | 65.84% | 84.93% |
| (i) | Amount was computed based on average shares outstanding during the period. |
| (ii) | Amount was less than $0.005 per share. |
| (iii) | Does not reflect the effect of sales charges, if applicable. |
| Alger Emerging Markets Fund Class C | Year
ended 10/31/19 |
Year
ended 10/31/18 |
Year
ended 10/31/17 |
Year
ended 10/31/16 |
Year
ended 10/31/15 |
| Net asset value, beginning of period | $ 8.36 | $ 10.80 | $ 8.76 | $ 8.30 | $ 9.23 |
| Income from Investment Operations: | |||||
| Net investment loss (i) | (0.03) | (0.08) | (0.06) | (0.06) | (0.09) |
| Net realized and unrealized gain (loss) on investments | 1.13 | (2.02) | 2.10 | 0.52 | (0.84) |
| Total from investment operations | 1.10 | (2.10) | 2.04 | 0.46 | (0.93) |
| Dividends from net investment income | (0.11) | (0.34) | — | — | — |
| Net asset value, end of period | $ 9.35 | $ 8.36 | $10.80 | $ 8.76 | $ 8.30 |
| Total return (ii) | 13.34% | (20.11)% | 23.29% | 5.54% | (10.08)% |
| Ratios/Supplemental Data: | |||||
| Net assets, end of period (000's omitted) | $ 2,782 | $ 2,973 | $ 3,602 | $ 2,849 | $ 2,581 |
| Ratio of gross expenses to average net assets | 2.98% | 2.54% | 2.82% | 3.21% | 3.51% |
| Ratio of expense reimbursements to average net assets | (0.70)% | (0.23)% | (0.52)% | (0.86)% | (1.06)% |
| Ratio of net expenses to average net assets | 2.28% | 2.31% | 2.30% | 2.35% | 2.45% |
| Ratio of net investment loss to average net assets | (0.35)% | (0.75)% | (0.68)% | (0.80)% | (1.01)% |
| Portfolio turnover rate | 80.33% | 105.23% | 71.95% | 65.84% | 84.93% |
| (i) | Amount was computed based on average shares outstanding during the period. |
| (ii) | Does not reflect the effect of sales charges, if applicable. |
| 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% |
| * | Purchases of Class A Shares which, when combined with current holdings of Class A Shares of the Alger Family of Funds offered with a sales charge, equal or exceed $1,000,000 in the aggregate may be made at net asset value without any initial sales charge, but will be subject to a contingent deferred sales charge (“CDSC”) of 1.00% on redemptions made within 12 months of purchase. The CDSC is waived if the shareholder’s financial intermediary notified the Distributor before the shareholder purchased the Class A Shares that the financial intermediary would waive the 1.00% Dealer Allowance noted in the chart above. |
| 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 |
| • | employees, officers and/or Trustees of the Distributor and its affiliates, |
| • | Individual Retirement Accounts (“IRAs”), Keogh Plans and employee benefit plans for those persons and |
| • | spouses, children, siblings and parents of those employees and trusts of which those individuals are beneficiaries, as long as orders for the shares on behalf of those individuals and trusts were placed by those persons; |
| • | accounts managed by the Manager, |
| • | employees, participants and beneficiaries of those accounts, |
| • | IRAs, Keogh Plans and employee benefit plans for those employees, participants and beneficiaries and |
| • | spouses and minor children of those employees, participants and beneficiaries as long as orders for the shares were placed by the employees, participants and beneficiaries; |
| • | employee benefit or retirement plans or charitable accounts, including, but not limited to, IRAs, Keogh Plans, 401(k) plans, profit-sharing pension plans, defined benefit plans, Taft-Hartley multiemployer pension plans, 457 plans, 403(b) plans, non-qualified deferred compensation plans, and other defined contribution plans subject to the Employee Retirement Income Security Act of 1974, as amended, other than employee benefit or retirement plans or charitable accounts that purchase Class A Shares through brokerage relationships in which sales charges are customarily imposed; |
| • | an investment company registered under the 1940 Act, as amended, in connection with the combination of the investment company with the Fund by merger, acquisition of assets or by any other transaction; |
| • | registered investment advisers for their own accounts; |
| • | certain registered investment advisers, banks, trust companies and other financial institutions (including broker-dealers) that have an agreement in place with the Distributor (see Appendix A – Waivers and Discounts Available from Intermediaries of this Prospectus for a list of such entities), as long as the orders for the shares were placed on behalf of their clients; |
| • | certain financial intermediaries offering self-directed investment brokerage accounts that have an agreement in place with the Distributor (see Appendix A – Waivers and Discounts Available from Intermediaries of this Prospectus for a list of such entities); |
| • | a financial institution as shareholder of record on behalf of: |
| • | investment advisers or financial planners trading for their own accounts or the accounts of their clients, and who charge a separate fee for their services, and |
| • | clients of such investment advisers or financial planners trading for their own accounts if the accounts are linked to the master account of such investment adviser or financial planner on the books and records of the financial institution; |
| • | a financial institution as shareholder of record on behalf of retirement and deferred compensation plans and trusts used to fund those plans; |
| • | registered representatives of broker-dealers that have an agreement in place with the Distributor, for their own accounts and their spouses, children, siblings and parents; |
| • | children or spouses of individuals who died in the terrorist attacks of September 11, 2001 made directly through the Fund; |
| • | shareholders of Alger Global Focus Fund as of January 21, 2005 purchasing Class A Shares directly from the Fund for their existing accounts; and |
| • | investors purchasing Class A Shares of the Alger Family of Funds when those purchases are made directly from the Fund (including shareholders of Class N Shares as of September 23, 2008). |
| • | Any current employee of Fred Alger Management, LLC or Fred Alger & Company, LLC or their affiliates, and any of their immediate family members who share the same address. |
| • | Trustees of the Funds and Directors of Alger Associates, Inc., or its affiliates, and any of their immediate family members who share the same address. |
| • | account number |
| • | Fund name and Share class |
| • | number of shares or dollar amount of redemption |
| • | where to send the proceeds |
| • | signature(s) of registered owner(s) |
| • | a Medallion signature guarantee is required if |
| • | your redemption is for more than $50,000; or |
| • | you want the check sent to a different address than the one we have on file; or |
| • | you want the check to be made payable to someone other than the registered owners we have on file; or |
| • | you have changed your address on file within the past 30 days. |
| Front-end Sales Load Waivers on Class A Shares 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 an Ameriprise Financial investment advisory program (if an Advisory or similar share class for such investment advisory program is not available) |
| Shares purchased by third party investment advisors on behalf of their advisory clients through Ameriprise Financial’s platform (if an Advisory or similar share class for such investment advisory program is not available) |
| Shares purchased through reinvestment of 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 10-year anniversary of the purchase date. To the extent that this prospectus elsewhere provides for a waiver with respect to such shares following a shorter holding period, that waiver will apply to exchanges following such shorter period. To the extent that this prospectus elsewhere provides for a waiver with respect to exchanges of Class C shares for load waived shares, that waiver will also apply to such exchanges |
| 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. |
| CDSC Waivers on Classes A, B and C shares available at Raymond James |
| 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 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 or through a 529 Plan |
| Shares purchased through a Merrill Lynch affiliated investment advisory program |
| 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 in the month of or following the 10-year anniversary of the purchase date |
| 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 the this prospectus |
| 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) |
| 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 due to the shareholder reaching age 70½ |
| 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) |
| 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 will be automatically calculated based on the aggregated holding of fund family assets held by accounts 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 any money market funds and retirement plan share classes) 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”). 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 rights of accumulation calculation is dependent on the shareholder notifying his or her financial advisor of such assets at the time of calculation. |
| ROA is determined by calculating the higher of cost 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 his or her financial advisor of such assets at the time of calculation. Purchases made before the LOI is received by Edward Jones are not covered under the LOI and will not reduce the sales charge previously paid. Sales charges will be adjusted if LOI is not met. |
| 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. |
| 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. |
| 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 |
| Minimum Purchase Amounts |
| $250 initial purchase minimum |
| $50 subsequent purchase minimum |
| 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 letter of intent (LOI) |
| Changing 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. |
| (1) | 1st Global Capital Corp |
| (2) | Advisory Group Equity Services Ltd. |
| (3) | AIG Retirement Services |
| (4) | Allstate Financial Services LLC |
| (5) | American Enterprise Investment |
| (6) | American Portfolios Financial Services |
| (7) | Ameritas Investment Corp |
| (8) | Ameritrade Inc. |
| (9) | Andrew Garrett Inc |
| (10) | Apex Clearing Corporation |
| (11) | Ascensus Financial Services LLC |
| (12) | Ausdal Financial Partners, Inc. |
| (13) | Avalon Investment & Securities Inc. |
| (14) | AXA Advisors, LLC |
| (15) | Bankers & Investors Co. |
| (16) | BB&T Investment Services Inc. |
| (17) | Berthel, Fisher & Company Inc. |
| (18) | Brown Brothers Harriman & Co. |
| (19) | Cadaret, Grant & Co. Inc. |
| (20) | Cambridge Investment Research Inc. |
| (21) | Capital Management Securities Inc. |
| (22) | Capitol Securities Mgmt Inc. |
| (23) | Centaurus Financial Inc. |
| (24) | Cetera Advisor Networks LLC |
| (25) | Charles Schwab & Co |
| (26) | Clearview Corespondent Services LLC |
| (27) | Commonwealth Financial Network |
| (28) | Comprehensive Asset Management |
| (29) | David Lerner Associates Inc. |
| (30) | Deutsche Bank Securities |
| (31) | DWS Investments Distributors Inc |
| (32) | Edward Jones & Co |
| (33) | Fieldpoint Private Securities LLC |
| (34) | Financial Telesis Inc. |
| (35) | First Command Financial Planning |
| (36) | Folio (Fn) Investment Inc. |
| (37) | Fortune Financial Services Inc. |
| (38) | Fred Alger & Company, LLC |
| (39) | FSC Securities Corp |
| (40) | Fulcrum Securities LLC |
| (41) | Geneos Wealth Management |
| (42) | Girard Securities, Inc. |
| (43) | GWFS Equities Inc. |
| (44) | GWN Securities Inc. |
| (45) | H Beck, Inc. |
| (46) | H D Vest Investment Securities |
| (47) | Hand Securities Inc. |
| (48) | Hilliard Lyons Inc. |
| (49) | Hornor Townsend & Kent Inc. |
| (50) | HSBC Bank USA NA |
| (51) | Invest Financial Corp |
| (52) | Janney Montgomery Scott LLC |
| (53) | JP Morgan Clearing Corp |
| (54) | Kestra Investment Services |
| (55) | Kovack Securities Inc. |
| (56) | L.M. Kohn & Company |
| (57) | Lincoln Financial Advisors |
| (58) | Lincoln Financial Securities |
| (59) | Lincoln Investment |
| (60) | Lincoln Investment Planning, LLC |
| (61) | LPL Financial Corporation |
| (62) | M Holdings Securities |
| (63) | Merrill Lynch, Pierce, Fenner & Smith Incorporated |
| (64) | Mid Atlantic Capital Corp |
| (65) | MML Distributors LLC |
| (66) | MML Investors Services, LLC |
| (67) | Money Concepts Capital Corp |
| (68) | Morgan Stanley Smith Barney LLC |
| (69) | MSCS Financial Services LLC |
| (70) | MSI Financial Services |
| (71) | Mutual Securities Inc. |
| (72) | National Financial Services Co |
| (73) | National Planning Corp |
| (74) | National Securities Corp |
| (75) | Network 1 Financial Securities Inc. |
| (76) | Next Financial Group Inc. |
| (77) | North Ridge Securities Corp |
| (78) | Northeast Securities, Inc. |
| (79) | Nylife Securities LLC |
| (80) | Oppenheimer & Co Inc. |
| (81) | Park Avenue Securities LLC |
| (82) | Parkland Securities LLC |
| (83) | Pershing LLC |
| (84) | Planmember Securities Corporation |
| (85) | Princor Financial Services |
| (86) | Proequities Inc. |
| (87) | Prudential Investment Mgmt |
| (88) | Purshe Kaplan Sterling |
| (89) | Pyramid Funds Corporation |
| (90) | Questar Capital Corporation |
| (91) | Raymond James & Associates |
| (92) | RBC Global Markets Corporation |
| (93) | Reliance Trust Co |
| (94) | Robert W Baird & Co Inc. |
| (95) | Royal Alliance Associates Inc. |
| (96) | Sagepoint Financial, Inc. |
| (97) | SA Stone Wealth Management |
| (98) | Scott & Stringfellow |
| (99) | Securian Financial Services Inc. |
| (100) | Securities America Inc. |
| (101) | Securities Management & Research |
| (102) | Securities Service Network, Inc. |
| (103) | Sigma Financial Corp |
| (104) | Signator Investors Inc. |
| (105) | SII Investments Inc. |
| (106) | Silver Oak Securities Inc. |
| (107) | Snowden Account Services, Inc. |
| (108) | Stephens Inc |
| (109) | Stifel, Nicolaus & Company Inc. |
| (110) | T Rowe Price |
| (111) | TCAdvisors Network |
| (112) | TD Ameritrade Trust Company |
| (113) | The Leaders Group Inc. |
| (114) | Ubs Financial Services Inc. |
| (115) | United Planners Financial |
| (116) | US Bancorp Investments Inc. |
| (117) | Valic Financial Advisors Inc. |
| (118) | Vanguard Fiduciary Trust Co |
| (119) | Vanguard Marketing Corporation |
| (120) | Voya Financial Advisors (ING) |
| (121) | Wachovia Bank |
| (122) | Wells Fargo Bank |
| (123) | Wells Fargo Brokerage Services |
| (124) | Wells Fargo Clearing Services LLC |
| (125) | Western International |
| (126) | Winslow, Evans & Crocker, Inc. |
| (127) | Woodbury Financial Services |
| (128) | Wuestenrot Bank Ag Pfandbiefbank |
| 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 |
| Class | Ticker
Symbol | |
| Alger Spectra Fund | I | ASPIX |
| Y | ASPYX | |
| Z | ASPZX | |
| Alger Responsible Investing Fund | I | AGIFX |
| Z | ALGZX | |
| Alger Dynamic Opportunities Fund | Z | AD0ZX |
| Alger Emerging Markets Fund | I | AIEMX |
| Y | AYEMX | |
| Z | AZEMX |
| Alger Spectra Fund | |
| Class | I |
| Shareholder
Fees (fees paid directly from your investment) |
None |
| Annual
Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | |
| Advisory Fees* | .77% |
| Distribution and/or Service (12b-1) Fees | .25% |
| Other Expenses** | .28% |
| Total Annual Fund Operating Expenses | 1.30% |
| * | The Fund and Fred Alger Management, LLC have adopted fee breakpoints for Alger Spectra Fund. The advisory fee for assets up to $2 billion is .90%, for assets between $2 billion and $4 billion is .75%, for assets between $4 billion and $6 billion is .65%, for assets between $6 billion and $8 billion is .55%, and for assets in excess of $8 billion is .45%. The actual rate paid as a percentage of average daily net assets for the year ended October 31, 2019 was .77%. |
| ** | Other Expenses includes .12% of dividend and interest expense on short sales. |
| 1 Year | 3 Years | 5 Years | 10 Years | |
| Class I | $132 | $412 | $713 | $1,568 |
| Best Quarter: Q1 2012 16.46% | Worst Quarter: Q4 2018 -16.41% |
| 1 Year | 5 Years | 10 Years | |
| Class I (Inception 9/24/08) | |||
| Return Before Taxes | 32.23% | 12.92% | 14.41% |
| Return After Taxes on Distributions | 30.12% | 11.15% | 12.85% |
| Return After Taxes on Distributions and Sale of Shares | 20.56% | 10.00% | 11.68% |
| Russell 3000 Growth Index (reflects no deductions for fees, expenses or taxes) | 35.85% | 14.23% | 15.05% |
| Investment Manager | Portfolio Managers Jointly and Primarily Responsible for Day-to-Day Management of the Fund’s Portfolio |
| Fred Alger Management, LLC | Ankur
Crawford, Ph.D. Executive Vice President and Portfolio Manager Since June 2015 |
| Patrick
Kelly, CFA Executive Vice President, Head of Alger Capital Appreciation and Spectra Strategies and Portfolio Manager Since September 2004 |
| Alger Spectra Fund | |
| Class | Y |
| Shareholder
Fees (fees paid directly from your investment) |
None |
| Annual
Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | |
| Advisory Fees* | .77% |
| Distribution and/or Service (12b-1) Fees | None |
| Other Expenses** | .26% |
| Total Annual Fund Operating Expenses | 1.03% |
| Fee Waiver and/or Expense Reimbursement*** | (.09)% |
| Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement | .94% |
| * | The Fund and Fred Alger Management, LLC have adopted fee breakpoints for Alger Spectra Fund. The advisory fee for assets up to $2 billion is .90%, for assets between $2 billion and $4 billion is .75%, for assets between $4 billion and $6 billion is .65%, for assets between $6 billion and $8 billion is .55%, and for assets in excess of $8 billion is .45%. The actual rate paid as a percentage of average daily net assets for the year ended October 31, 2019 was .77%. |
| ** | Other Expenses includes .17% of dividend and interest expense on short sales. |
| *** | Fred Alger Management, LLC has contractually agreed to waive fees or to reimburse Fund expenses (excluding acquired fund fees and expenses, dividend expense on short sales, net borrowing costs, interest, taxes, brokerage and extraordinary expenses) through February 28, 2021 to the extent necessary to limit the total annual fund operating expenses of the Class Y Shares of the Fund to .79% of the class’s average daily net assets. This expense reimbursement may only be amended or terminated prior to its expiration date by agreement between Fred Alger Management, LLC and the Fund’s Board of Trustees, and will terminate automatically in the event of termination of the Investment Advisory Agreement. |
| 1 Year | 3 Years | 5 Years | 10 Years | |
| Class Y | $96 | $319 | $560 | $1,251 |
| Best Quarter: Q1 2019 15.47% | Worst Quarter: Q3 2019 -1.18% |
| 1 Year | Since
Inception | |
| Class Y (Inception 12/3/18) | ||
| Return Before Taxes | 32.73% | 17.74% |
| Return After Taxes on Distributions | 30.65% | 13.36% |
| Return After Taxes on Distributions and Sale of Shares | 20.83% | 13.02% |
| Russell 3000 Growth Index (reflects no deductions for fees, expenses or taxes) | 35.85% | 20.37% |
| Investment Manager | Portfolio Managers Jointly and Primarily Responsible for Day-to-Day Management of the Fund’s Portfolio |
| Fred Alger Management, LLC | Ankur
Crawford, Ph.D. Executive Vice President and Portfolio Manager Since June 2015 |
| Patrick
Kelly, CFA Executive Vice President, Head of Alger Capital Appreciation and Spectra Strategies and Portfolio Manager Since September 2004 |
| Alger Spectra Fund | |
| Class | Z |
| Shareholder
Fees (fees paid directly from your investment) |
None |
| Annual
Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | |
| Advisory Fees* | .77% |
| Distribution and/or Service (12b-1) Fees | None |
| Other Expenses** | .22% |
| Total Annual Fund Operating Expenses | .99% |
| * | The Fund and Fred Alger Management, LLC have adopted fee breakpoints for Alger Spectra Fund. The advisory fee for assets up to $2 billion is .90%, for assets between $2 billion and $4 billion is .75%, for assets between $4 billion and $6 billion is .65%, for assets between $6 billion and $8 billion is .55%, and for assets in excess of $8 billion is .45%. The actual rate paid as a percentage of average daily net assets for the year ended October 31, 2019 was .77%. |
| ** | Other Expenses includes .12% of dividend and interest expense on short sales. |
| 1 Year | 3 Years | 5 Years | 10 Years | |
| Class Z | $101 | $315 | $547 | $1,213 |
| Best Quarter: Q1 2012 16.51% | Worst Quarter: Q4 2018 -16.32% |
| 1 Year | 5 Years | Since
Inception | |
| Class Z (Inception 12/29/10) | |||
| Return Before Taxes | 32.61% | 13.28% | 14.45% |
| Return After Taxes on Distributions | 30.53% | 11.52% | 12.72% |
| Return After Taxes on Distributions and Sale of Shares | 20.75% | 10.29% | 11.55% |
| Russell 3000 Growth Index (reflects no deductions for fees, expenses or taxes) | 35.85% | 14.23% | 14.72% |
| Investment Manager | Portfolio Managers Jointly and Primarily Responsible for Day-to-Day Management of the Fund’s Portfolio |
| Fred Alger Management, LLC | Ankur
Crawford, Ph.D. Executive Vice President and Portfolio Manager Since June 2015 |
| Patrick
Kelly, CFA Executive Vice President, Head of Alger Capital Appreciation and Spectra Strategies and Portfolio Manager Since September 2004 |
| Alger
Responsible Investing Fund | |
| Class | I |
| Shareholder
Fees (fees paid directly from your investment) |
None |
| Annual
Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | |
| Advisory Fees | .71% |
| Distribution and/or Service (12b-1) Fees | .25% |
| Other Expenses | .43% |
| Total Annual Fund Operating Expenses | 1.39% |
| 1 Year | 3 Years | 5 Years | 10 Years | |
| Class I | $142 | $440 | $761 | $1,669 |
| Best Quarter: Q1 2019 15.02% | Worst Quarter: Q4 2018 -16.99% |
| 1 Year | 5 Years | 10 Years | |
| Class I (Inception 9/24/08) | |||
| Return Before Taxes | 33.98% | 11.91% | 11.44% |
| Return After Taxes on Distributions | 31.71% | 10.19% | 10.41% |
| Return After Taxes on Distributions and Sale of Shares | 21.70% | 9.21% | 9.32% |
| Russell 1000 Growth Index (reflects no deductions for fees, expenses or taxes) | 36.39% | 14.63% | 15.22% |
| Investment Manager | Portfolio Manager Primarily Responsible for Day-to-Day Management of the Fund’s Portfolio |
| Fred Alger Management, LLC | Gregory
S. Adams, CFA Senior Vice President, Director of Quantitative & Risk Management and Portfolio Manager Since December 2016 |
| Alger
Responsible Investing Fund | |
| Class | Z |
| Shareholder
Fees (fees paid directly from your investment) |
None |
| Annual
Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | |
| Advisory Fees | .71% |
| Distribution and/or Service (12b-1) Fees | None |
| Other Expenses | .41% |
| Total Annual Fund Operating Expenses | 1.12% |
| Fee Waiver and/or Expense Reimbursement* | (.17)% |
| Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement | .95% |
| * | Fred Alger Management, LLC has contractually agreed to waive fees or to reimburse Fund expenses (excluding acquired fund fees and expenses, dividend expense on short sales, borrowing costs, interest, taxes, brokerage and extraordinary expenses) through February 28, 2021 to the extent necessary to limit the total annual fund operating expenses of the Class Z Shares of the Fund to .95% of the class’s average daily net assets. This expense reimbursement may only be amended or terminated prior to its expiration date by agreement between Fred Alger Management, LLC and the Fund’s Board of Trustees, and will terminate automatically in the event of termination of the Investment Advisory Agreement. |
| 1 Year | 3 Years | 5 Years | 10 Years | |
| Class Z | $97 | $339 | $600 | $1,348 |
| Best Quarter: Q1 2019 15.15% | Worst Quarter: Q4 2018 -16.89% |
| 1 Year | Since
Inception | |
| Class Z (Inception 10/14/16) | ||
| Return Before Taxes | 34.51% | 18.66% |
| Return After Taxes on Distributions | 32.27% | 15.97% |
| Return After Taxes on Distributions and Sale of Shares | 21.99% | 14.34% |
| Russell 1000 Growth Index (reflects no deductions for fees, expenses or taxes) | 36.39% | 20.08% |
| Investment Manager | Portfolio Manager Primarily Responsible for Day-to-Day Management of the Fund’s Portfolio |
| Fred Alger Management, LLC | Gregory
S. Adams, CFA Senior Vice President, Director of Quantitative & Risk Management and Portfolio Manager Since December 2016 |
| Alger
Dynamic Opportunities Fund | |
| Class | Z |
| Shareholder
Fees (fees paid directly from your investment) |
None |
| Annual
Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | |
| Advisory Fees | 1.20% |
| Distribution and/or Service (12b-1) Fees | None |
| Other Expenses* | .95% |
| Total Annual Fund Operating Expenses | 2.15% |
| Fee Waiver and/or Expense Reimbursement** | (.40)% |
| Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement | 1.75% |
| * | Other Expenses includes .58% of dividend and interest expenses on short sales. |
| ** | Fred Alger Management, LLC has contractually agreed to waive fees or reimburse Fund expenses (excluding acquired fund fees and expenses, interest, taxes, brokerage and extraordinary expenses) through February 28, 2021 to the extent necessary to limit the total annual fund operating expenses of the Class Z Shares of the Fund to 1.75% of the class’s average daily net assets. This expense reimbursement may only be amended or terminated prior to its expiration date by agreement between the Manager and the Fund’s Board of Trustees, and will terminate automatically in the event of termination of the Investment Advisory Agreement. |
| 1 Year | 3 Years | 5 Years | 10 Years | |
| Class Z | $178 | $635 | $1,118 | $2,451 |
| Best Quarter: Q1 2019 14.97% | Worst Quarter: Q4 2018 -15.04% |
| 1 Year | 5 Years | Since
Inception | |
| Class Z (Inception 12/29/10) | |||
| Return Before Taxes | 13.18% | 5.83% | 6.17% |
| Return After Taxes on Distributions | 12.23% | 5.06% | 5.26% |
| Return After Taxes on Distributions and Sale of Shares | 8.47% | 4.46% | 4.69% |
| S&P 500 Index (reflects no deductions for fees, expenses or taxes) | 31.49% | 11.70% | 13.36% |
| HRFI Equity Hedge (Total) Index (reflects no deductions for fees, expenses or taxes) | 13.90% | 4.59% | 4.08% |
| Investment Manager | Portfolio Managers Jointly and Primarily Responsible for Day-to-Day Management of the Fund’s Portfolio |
| Fred Alger Management, LLC | Dan
C. Chung, CFA Chief Executive Officer, Chief Investment Officer and Portfolio Manager Since Inception (11/2/09) |
| Gregory
S. Adams, CFA Senior Vice President, Director of Quantitative & Risk Management and Portfolio Manager Since Inception (11/2/09) |
| Sub-Adviser | |
| Weatherbie Capital, LLC* | H.
George Dai, Ph.D. Senior Managing Director and Co-Chief Investment Officer of Weatherbie Capital, LLC Since March 2017 |
| Joshua
D. Bennett, CFA Senior Managing Director, Director of Research of Weatherbie Capital, LLC Since March 2017 | |
| Daniel
J. Brazeau, CFA Managing Director, Investments of Weatherbie Capital, LLC Since March 2017 |
| * | Weatherbie Capital, LLC, an affiliate of Fred Alger Management, LLC, sub-advises the Fund subject to Fred Alger Management, LLC’s supervision and approval. |
| Alger
Emerging Markets Fund | |
| Class | I |
| Shareholder
Fees (fees paid directly from your investment) |
None |
| Annual
Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | |
| Advisory Fees | .75% |
| Distribution and/or Service (12b-1) Fees | .25% |
| Other Expenses | 1.07% |
| Total Annual Fund Operating Expenses | 2.07% |
| Fee Waiver and/or Expense Reimbursement* | (.62)% |
| Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement | 1.45% |
| * | Fred Alger Management, LLC has contractually agreed to waive fees or to reimburse Fund expenses (excluding acquired fund fees and expenses, dividend expense on short sales, borrowing costs, interest, taxes, brokerage and extraordinary expenses) through February 28, 2021 to the extent necessary to limit the total annual fund operating expenses of the Class I Shares of the Fund to 1.45% of the class’s average daily net assets. This expense reimbursement may only be amended or terminated prior to its expiration date by agreement between Fred Alger Management, LLC and the Fund’s Board of Trustees, and will terminate automatically in the event of termination of the Investment Advisory Agreement. |
| 1 Year | 3 Years | 5 Years | 10 Years | |
| Class I | $148 | $589 | $1,057 | $2,351 |
| Best Quarter: Q1 2012 13.24% | Worst Quarter: Q3 2011 -24.49% |
| 1 Year | 5 Years | Since
Inception | |
| Class I (Inception 12/29/10) | |||
| Return Before Taxes | 21.96% | 4.59% | 1.41% |
| Return After Taxes on Distributions | 19.55% | 3.65% | 0.83% |
| Return After Taxes on Distributions and Sale of Shares | 13.00% | 3.14% | 0.83% |
| MSCI Emerging Markets Index (reflects no deductions for fees, expenses or taxes) | 18.88% | 6.01% | 2.63% |
| Investment Manager | Portfolio Manager Primarily Responsible for Day-to-Day Management of the Fund’s Portfolio |
| Fred Alger Management, LLC | Dan
C. Chung, CFA Chief Executive Officer, Chief Investment Officer and Portfolio Manager Since September 2019 |
| Gregory
Jones Senior Vice President and Portfolio Manager Since September 2019 | |
| Pragna
Shere Senior Vice President and Portfolio Manager Since September 2019 |
| Alger Emerging Markets Fund | |
| Class | Y |
| Shareholder
Fees (fees paid directly from your investment) |
None |
| Annual
Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | |
| Advisory Fees | .75% |
| Distribution and/or Service (12b-1) Fees | None |
| Other Expenses | .84% |
| Total Annual Fund Operating Expenses | 1.59% |
| Fee Waiver and/or Expense Reimbursement* | (.64)% |
| Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement | .95% |
| * | Fred Alger Management, LLC has contractually agreed to waive fees or to reimburse Fund expenses (excluding acquired fund fees and expenses, dividend expense on short sales, borrowing costs, interest, taxes, brokerage and extraordinary expenses) through February 28, 2021 to the extent necessary to limit the total annual fund operating expenses of the Fund’s Class Y Shares to .95% of the class’s average daily net assets. This expense reimbursement may only be amended or terminated prior to its expiration date by agreement between Fred Alger Management, LLC and the Fund’s Board of Trustees, and will terminate automatically in the event of termination of the Investment Advisory Agreement. |
| 1 Year | 3 Years | 5 Years | 10 Years | |
| Class Y | $97 | $439 | $805 | $1,835 |
| Best Quarter: Q1 2017 12.56% | Worst Quarter: Q4 2018 -9.80% |
| 1 Year | Since
Inception | |
| Class Y (Inception 5/9/16) | ||
| Return Before Taxes | 22.66% | 10.29% |
| Return After Taxes on Distributions | 22.66% | 9.44% |
| Return After Taxes on Distributions and Sale of Shares | 13.41% | 7.66% |
| MSCI Emerging Markets Index (reflects no deductions for fees, expenses or taxes) | 18.88% | 12.68% |
| Investment Manager | Portfolio Manager Primarily Responsible for Day-to-Day Management of the Fund’s Portfolio |
| Fred Alger Management, LLC | Dan
C. Chung, CFA Chief Executive Officer, Chief Investment Officer and Portfolio Manager Since September 2019 |
| Gregory
Jones Senior Vice President and Portfolio Manager Since September 2019 | |
| Pragna
Shere Senior Vice President and Portfolio Manager Since September 2019 |
| Alger
Emerging Markets Fund | |
| Class | Z |
| Shareholder
Fees (fees paid directly from your investment) |
None |
| Annual
Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | |
| Advisory Fees | .75% |
| Distribution and/or Service (12b-1) Fees | None |
| Other Expenses | 1.10% |
| Total Annual Fund Operating Expenses | 1.85% |
| Fee Waiver and/or Expense Reimbursement* | (.86)% |
| Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement | .99% |
| * | Fred Alger Management, LLC has contractually agreed to waive fees or to reimburse Fund expenses (excluding acquired fund fees and expenses, dividend expense on short sales, borrowing costs, interest, taxes, brokerage and extraordinary expenses) through February 28, 2021 to the extent necessary to limit the total annual fund operating expenses of the Class Z Shares of the Fund to .99% of the class’s average daily net assets. This expense reimbursement may only be amended or terminated prior to its expiration date by agreement between Fred Alger Management, LLC and the Fund’s Board of Trustees, and will terminate automatically in the event of termination of the Investment Advisory Agreement. |
| 1 Year | 3 Years | 5 Years | 10 Years | |
| Class Z | $101 | $498 | $921 | $2,099 |
| Best Quarter: Q1 2017 12.35% | Worst Quarter: Q3 2015 -15.50% |
| 1 Year | 5 Years | Since
Inception | |
| Class Z (Inception 2/28/14) | |||
| Return Before Taxes | 22.59% | 5.02% | 3.70% |
| Return After Taxes on Distributions | 20.04% | 3.97% | 2.81% |
| Return After Taxes on Distributions and Sale of Shares | 13.37% | 3.43% | 2.47% |
| MSCI Emerging Markets Index (reflects no deductions for fees, expenses or taxes) | 18.88% | 6.01% | 5.41% |
| Investment Manager | Portfolio Manager Primarily Responsible for Day-to-Day Management of the Fund’s Portfolio |
| Fred Alger Management, LLC | Dan
C. Chung, CFA Chief Executive Officer, Chief Investment Officer and Portfolio Manager Since September 2019 |
| Gregory
Jones Senior Vice President and Portfolio Manager Since September 2019 | |
| Pragna
Shere Senior Vice President and Portfolio Manager Since September 2019 |
| • | HFRI Equity Hedge (Total) Index: An equal-weighted, net of all fees, index calculated three times per month of equity hedge strategies contained in the HFR Database, which contains over 2,000 constituents, including both domestic and offshore portfolios, that have at least $50 million under management or have been actively trading for at least 12 months. Equity hedge strategies maintain positions both long and short in primarily equity and equity derivative securities. Equity hedge managers would typically maintain at least 50% exposure to, and may in some cases be entirely invested in, equities, both long and short. |
| • | Russell 1000 Growth Index: An unmanaged index designed to measure the performance of a subset of the largest 1,000 capitalization companies in the Russell 3000 Index with higher price-to-book ratios and higher forecasted growth values. |
| • | Russell 3000 Growth Index: An unmanaged index of common stocks designed to measure the performance of companies in the Russell 3000 Index with higher price-to-book ratios and higher forecasted growth values. |
| • | MSCI Emerging Markets Index: A free float-adjusted market capitalization index designed to measure equity market performance in the global emerging markets. |
| • | S&P 500 Index: An index of large company common stocks considered to be representative of the U.S. stock market. |
| • | High Unit Volume Growth Vital, creative companies that offer goods or services to a rapidly expanding marketplace. They include both established and emerging firms, exercising market dominance, offering new or improved products, or simply fulfilling an increased demand for an existing product line. |
| • | Positive
Life Cycle Change Companies experiencing a major change which is expected to produce advantageous results. These changes may be as varied as new management, products or technologies; restructuring or reorganization; regulatory change; or merger and acquisition. |
| Fund | Portfolio Manager(s) | Since |
| Alger Spectra Fund | Ankur
Crawford, Ph.D. Patrick Kelly, CFA |
June
2015 September 2004 |
| Alger Responsible Investing Fund | Gregory S. Adams, CFA | December 2016 |
| Alger Dynamic Opportunities Fund | Dan
C. Chung, CFA Gregory S. Adams, CFA H. George Dai, Ph.D. Joshua D. Bennett, CFA Daniel J. Brazeau, CFA |
Inception
(11/2/09) Inception (11/2/09) March 2017 March 2017 March 2017 |
| Alger Emerging Markets Fund | Daniel
C. Chung, CFA Gregory Jones Pragna Shere |
September
2019 September 2019 September 2019 |
| • | Mr. Adams has been employed by the Manager since 2006. He became a Senior Vice President and the Director of Quantitative & Risk Management in 2006, and a portfolio manager in 2012. From 2006 through 2012, Mr. Adams was a Senior Analyst. |
| • | Mr. Bennett is a Senior Managing Director, Director of Research of Weatherbie. He joined Weatherbie in 2007. |
| • | Mr. Brazeau is a Managing Director, Investments of Weatherbie. He joined Weatherbie in 2004. |
| • | Mr. Chung has been employed by the Manager since 1994. He became a portfolio manager in 2000, Chief Investment Officer in 2001, President in 2003, and Chief Executive Officer in 2006. |
| • | Ms. Crawford has been employed by the Manager since 2004. She became a portfolio manager and a Senior Vice President in 2010 and an Executive Vice President in 2019. She served as a Vice President and an Analyst from 2007 to 2010, and a Senior Analyst from 2010 to 2016. |
| • | Mr. Dai is a Senior Managing Director and Co-Chief Investment Officer of Weatherbie. He joined Weatherbie in 2001. |
| • | Mr. Jones has been employed by the Manager since March 2018 as a portfolio manager and a Senior Vice President. Previously, Mr. Jones was a portfolio manager and analyst at Redwood Investments from 2016 to 2018, and prior to that, was Director of Global Equities, Co-Chief Investment Officer and portfolio manager/analyst at Ashfield Capital Partners. |
| • | Mr. Kelly has been employed by the Manager since 1999. He became a portfolio manager in 2004, an Executive Vice President in 2008, and the Head of Alger Capital Appreciation and Spectra Strategies in 2015. |
| • | Ms. Shere has been employed by the Manager since March 2018 as a portfolio manager and a Senior Vice President. Previously, Ms. Shere was a portfolio manager and analyst at Redwood Investments from 2016 to 2018, and prior to that, was portfolio manager/analyst at Ashfield Capital Partners. |
| • | You invest $10,000 in the Fund and hold it for the entire 10-year period; and |
| • | Your investment has a 5% return before expenses each year. |
| Class I | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
| Expense Ratio | 1.30% | 1.30% | 1.30% | 1.30% | 1.30% | 1.30% | 1.30% | 1.30% | 1.30% | 1.30% |
| 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 | 3.70% | 7.54% | 11.52% | 15.64% | 19.92% | 24.36% | 28.96% | 33.73% | 38.68% | 43.81% |
| End Investment Balance | $10,370 | $ 10,754 | $ 11,152 | $ 11,564 | $ 11,992 | $ 12,436 | $ 12,896 | $ 13,373 | $ 13,868 | $ 14,381 |
| Annual Expense | $ 132 | $ 137 | $ 142 | $ 148 | $ 153 | $ 159 | $ 165 | $ 171 | $ 177 | $ 184 |
| Class Z | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
| Expense Ratio | 0.99% | 0.99% | 0.99% | 0.99% | 0.99% | 0.99% | 0.99% | 0.99% | 0.99% | 0.99% |
| 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 | 4.01% | 8.18% | 12.52% | 17.03% | 21.72% | 26.60% | 31.68% | 36.96% | 42.45% | 48.17% |
| End Investment Balance | $10,401 | $ 10,818 | $ 11,252 | $ 11,703 | $ 12,172 | $ 12,660 | $ 13,168 | $ 13,696 | $ 14,245 | $ 14,817 |
| Annual Expense | $ 101 | $ 105 | $ 109 | $ 114 | $ 118 | $ 123 | $ 128 | $ 133 | $ 138 | $ 144 |
| Class Y | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
| Expense Ratio | 0.94% | 1.03% | 1.03% | 1.03% | 1.03% | 1.03% | 1.03% | 1.03% | 1.03% | 1.03% |
| 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 | 4.06% | 8.19% | 12.49% | 16.95% | 21.60% | 26.42% | 31.44% | 36.66% | 42.08% | 47.73% |
| End Investment Balance | $10,406 | $ 10,819 | $ 11,249 | $ 11,695 | $ 12,160 | $ 12,642 | $ 13,144 | $ 13,666 | $ 14,208 | $ 14,773 |
| Annual Expense | $ 96 | $ 109 | $ 114 | $ 118 | $ 123 | $ 128 | $ 133 | $ 138 | $ 144 | $ 149 |
| Class I | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
| Expense Ratio | 1.39% | 1.39% | 1.39% | 1.39% | 1.39% | 1.39% | 1.39% | 1.39% | 1.39% | 1.39% |
| 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 | 3.61% | 7.35% | 11.23% | 15.24% | 19.40% | 23.71% | 28.18% | 32.80% | 37.60% | 42.57% |
| End Investment Balance | $10,361 | $ 10,735 | $ 11,123 | $ 11,524 | $ 11,940 | $ 12,371 | $ 12,818 | $ 13,280 | $ 13,760 | $ 14,257 |
| Annual Expense | $ 142 | $ 147 | $ 152 | $ 157 | $ 163 | $ 169 | $ 175 | $ 181 | $ 188 | $ 195 |
| Class Z | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
| Expense Ratio | 0.95% | 1.12% | 1.12% | 1.12% | 1.12% | 1.12% | 1.12% | 1.12% | 1.12% | 1.12% |
| 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 | 4.05% | 8.09% | 12.28% | 16.64% | 21.16% | 25.86% | 30.75% | 35.82% | 41.09% | 46.56% |
| End Investment Balance | $10,405 | $ 10,809 | $ 11,228 | $ 11,664 | $ 12,116 | $ 12,586 | $ 13,075 | $ 13,582 | $ 14,109 | $ 14,656 |
| Annual Expense | $ 97 | $ 119 | $ 123 | $ 128 | $ 133 | $ 138 | $ 144 | $ 149 | $ 155 | $ 161 |
| Class Z | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
| Expense Ratio | 1.75% | 2.15% | 2.15% | 2.15% | 2.15% | 2.15% | 2.15% | 2.15% | 2.15% | 2.15% |
| 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 | 3.25% | 6.19% | 9.22% | 12.33% | 15.53% | 18.83% | 22.21% | 25.70% | 29.28% | 32.96% |
| End Investment Balance | $10,325 | $ 10,619 | $ 10,922 | $ 11,233 | $ 11,553 | $ 11,883 | $ 12,221 | $ 12,570 | $ 12,928 | $ 13,296 |
| Annual Expense | $ 178 | $ 225 | $ 232 | $ 238 | $ 245 | $ 252 | $ 259 | $ 267 | $ 274 | $ 282 |
| Class I | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
| Expense Ratio | 1.45% | 2.07% | 2.07% | 2.07% | 2.07% | 2.07% | 2.07% | 2.07% | 2.07% | 2.07% |
| 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 | 3.55% | 6.58% | 9.71% | 12.92% | 16.23% | 19.64% | 23.14% | 26.75% | 30.46% | 34.29% |
| End Investment Balance | $10,355 | $ 10,658 | $ 10,971 | $ 11,292 | $ 11,623 | $ 11,964 | $ 12,314 | $ 12,675 | $ 13,046 | $ 13,429 |
| Annual Expense | $ 148 | $ 217 | $ 224 | $ 230 | $ 237 | $ 244 | $ 251 | $ 259 | $ 266 | $ 274 |
| Class Y | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
| Expense Ratio | 0.95% | 1.59% | 1.59% | 1.59% | 1.59% | 1.59% | 1.59% | 1.59% | 1.59% | 1.59% |
| 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 | 4.05% | 7.60% | 11.27% | 15.06% | 18.99% | 23.04% | 27.24% | 31.58% | 36.06% | 40.70% |
| End Investment Balance | $10,405 | $ 10,760 | $ 11,127 | $ 11,506 | $ 11,899 | $ 12,304 | $ 12,724 | $ 13,158 | $ 13,606 | $ 14,070 |
| Annual Expense | $ 97 | $ 168 | $ 174 | $ 180 | $ 186 | $ 192 | $ 199 | $ 206 | $ 213 | $ 220 |
| Class Z | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
| Expense Ratio | 0.99% | 1.85% | 1.85% | 1.85% | 1.85% | 1.85% | 1.85% | 1.85% | 1.85% | 1.85% |
| 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 | 4.01% | 7.29% | 10.67% | 14.15% | 17.75% | 21.46% | 25.28% | 29.23% | 33.30% | 37.50% |
| End Investment Balance | $10,401 | $ 10,729 | $ 11,067 | $ 11,415 | $ 11,775 | $ 12,146 | $ 12,528 | $ 12,923 | $ 13,330 | $ 13,750 |
| Annual Expense | $ 101 | $ 195 | $ 202 | $ 208 | $ 215 | $ 221 | $ 228 | $ 235 | $ 243 | $ 250 |
| Alger Spectra Fund Class I | Year
ended 10/31/19 |
Year
ended 10/31/18 |
Year
ended 10/31/17 |
Year
ended 10/31/16 |
Year
ended 10/31/15 |
| Net asset value, beginning of period | $ 22.16 | $ 21.61 | $ 17.06 | $ 18.60 | $ 19.27 |
| Income from Investment Operations: | |||||
| Net investment loss (i) | (0.07) | (0.06) | (0.02) | (0.01) | (0.05) |
| Net realized and unrealized gain (loss) on investments | 2.88 | 1.87 | 4.91 | (0.03) | 1.76 |
| Total from investment operations | 2.81 | 1.81 | 4.89 | (0.04) | 1.71 |
| Distributions from net realized gains | (2.20) | (1.26) | (0.34) | (1.50) | (2.38) |
| Net asset value, end of period | $ 22.77 | $ 22.16 | $ 21.61 | $ 17.06 | $ 18.60 |
| Total return (ii) | 14.85% | 8.76% | 29.23% | (0.35)% | 9.65% |
| Ratios/Supplemental Data: | |||||
| Net assets, end of period (000's omitted) | $656,990 | $776,443 | $791,060 | $1,222,783 | $1,251,395 |
| Ratio of gross expenses to average net assets | 1.30%(iii) | 1.25%(iv) | 1.27%(v) | 1.29%(vi) | 1.35%(vii) |
| Ratio of net expenses to average net assets | 1.30% | 1.25% | 1.27% | 1.29% | 1.35% |
| Ratio of net investment loss to average net assets | (0.33)% | (0.28)% | (0.09)% | (0.05)% | (0.25)% |
| Portfolio turnover rate | 86.54% | 74.19% | 80.08% | 108.51% | 143.64% |
| (i) | Amount was computed based on average shares outstanding during the period. |
| (ii) | Does not reflect the effect of sales charges, if applicable. |
| (iii) | Includes 0.12% related to dividend expense on short positions and interest expense for the period ended 10/31/19. |
| (iv) | Includes 0.08% related to dividend expense on short positions and interest expense for the period ended 10/31/18. |
| (v) | Includes 0.07% related to dividend expense on short positions and interest expense for the period ended 10/31/17. |
| (vi) | Includes 0.10% related to dividend expense on short positions and interest expense for the period ended 10/31/16. |
| (vii) | Includes 0.15% related to dividend expense on short positions and interest expense for the period ended 10/31/15. |
| Alger Spectra Fund Class Y | From
12/3/18 (commencement of operations) to 10/31/19(i) |
| Net asset value, beginning of period | $ 23.29 |
| Income from Investment Operations: | |
| Net investment loss (ii) | (0.03) |
| Net realized and unrealized gain on investments | 2.20 |
| Total from investment operations | 2.17 |
| Distributions from net realized gains | (2.20) |
| Net asset value, end of period | $ 23.26 |
| Total return (iii) | 11.43% |
| Ratios/Supplemental Data: | |
| Net assets, end of period (000's omitted) | $43,750 |
| Ratio of gross expenses to average net assets | 1.03%(iv) |
| Ratio of expense reimbursements to average net assets | (0.09)% |
| Ratio of net expenses to average net assets | 0.94% |
| Ratio of net investment loss to average net assets | (0.14)% |
| Portfolio turnover rate | 86.54% |
| (i) | Ratios have been annualized; total return has not been annualized; portfolio turnover is for the twelve months then ended. |
| (ii) | Amount was computed based on average shares outstanding during the period. |
| (iii) | Does not reflect the effect of sales charges, if applicable. |
| (iv) | Includes 0.17% related to dividend expense on short positions and interest expense for the period ended 10/31/19. |
| Alger Spectra Fund Class Z | Year
ended 10/31/19 |
Year
ended 10/31/18 |
Year
ended 10/31/17 |
Year
ended 10/31/16 |
Year
ended 10/31/15 |
| Net asset value, beginning of period | $ 22.51 | $ 21.87 | $ 17.21 | $ 18.70 | $ 19.30 |
| Income from Investment Operations: | |||||
| Net investment income (loss) (i) | (0.01) | —(ii) | 0.03 | 0.04 | 0.01 |
| Net realized and unrealized gain (loss) on investments | 2.94 | 1.90 | 4.97 | (0.03) | 1.77 |
| Total from investment operations | 2.93 | 1.90 | 5.00 | 0.01 | 1.78 |
| Distributions from net realized gains | (2.20) | (1.26) | (0.34) | (1.50) | (2.38) |
| Net asset value, end of period | $ 23.24 | $ 22.51 | $ 21.87 | $ 17.21 | $ 18.70 |
| Total return (iii) | 15.18% | 9.09% | 29.62% | (0.06)% | 9.98% |
| Ratios/Supplemental Data: | |||||
| Net assets, end of period (000's omitted) | $3,482,596 | $3,241,767 | $2,646,438 | $1,502,388 | $1,193,803 |
| Ratio of gross expenses to average net assets | 0.99%(iv) | 0.94%(v) | 0.96%(vi) | 0.99%(vii) | 1.04%(viii) |
| Ratio of net expenses to average net assets | 0.99% | 0.94% | 0.96% | 0.99% | 1.04% |
| Ratio of net investment income (loss) to average net assets | (0.03)% | 0.02% | 0.17% | 0.26% | 0.06% |
| Portfolio turnover rate | 86.54% | 74.19% | 80.08% | 108.51% | 143.64% |
| (i) | Amount was computed based on average shares outstanding during the period. |
| (ii) | Amount was less than $0.005 per share. |
| (iii) | Does not reflect the effect of sales charges, if applicable. |
| (iv) | Includes 0.12% related to dividend expense on short positions and interest expense for the period ended 10/31/19. |
| (v) | Includes 0.08% related to dividend expense on short positions and interest expense for the period ended 10/31/18. |
| (vi) | Includes 0.07% related to dividend expense on short positions and interest expense for the period ended 10/31/17. |
| (vii) | Includes 0.10% related to dividend expense on short positions and interest expense for the period ended 10/31/16. |
| (viii) | Includes 0.15% related to dividend expense on short positions and interest expense for the period ended 10/31/15. |
| Alger Responsible Investing Fund Class I | Year
ended 10/31/19 |
Year
ended 10/31/18 |
Year
ended 10/31/17 |
Year
ended 10/31/16 |
Year
ended 10/31/15 |
| Net asset value, beginning of period | $ 10.58 | $ 11.31 | $ 9.13 | $ 9.35 | $ 9.12 |
| Income from Investment Operations: | |||||
| Net investment income (loss) (i) | (0.01) | (0.02) | 0.01 | 0.01 | (0.01) |
| Net realized and unrealized gain (loss) on investments | 1.43 | 0.83 | 2.54 | (0.10) | 0.50 |
| Total from investment operations | 1.42 | 0.81 | 2.55 | (0.09) | 0.49 |
| Distributions from net realized gains | (0.64) | (1.54) | (0.37) | (0.13) | (0.26) |
| Net asset value, end of period | $ 11.36 | $ 10.58 | $ 11.31 | $ 9.13 | $ 9.35 |
| Total return (ii) | 14.83% | 7.95% | 28.88% | (1.03)% | 5.42% |
| Ratios/Supplemental Data: | |||||
| Net assets, end of period (000's omitted) | $10,213 | $12,258 | $13,128 | $28,461 | $42,860 |
| Ratio of gross expenses to average net assets | 1.39% | 1.37% | 1.37% | 1.28% | 1.27% |
| Ratio of expense reimbursements to average net assets | (0.02)% | (0.02)% | (0.02)% | — | — |
| Ratio of net expenses to average net assets | 1.37% | 1.35% | 1.35% | 1.28% | 1.27% |
| Ratio of net investment income (loss) to average net assets | (0.12)% | (0.17)% | 0.08% | 0.16% | (0.05)% |
| Portfolio turnover rate | 14.64% | 20.20% | 30.70% | 19.84% | 16.85% |
| (i) | Amount was computed based on average shares outstanding during the period. |
| (ii) | Does not reflect the effect of sales charges, if applicable. |
| Alger Responsible Investing Fund Class Z | Year
ended 10/31/19 |
Year
ended 10/31/18 |
Year
ended 10/31/17 |
From
10/14/16 (commencement of operations) to 10/31/16(i) |
| Net asset value, beginning of period | $ 10.70 | $ 11.37 | $ 9.14 | $ 9.20 |
| Income from Investment Operations: | ||||
| Net investment income (ii) | 0.03 | 0.03 | 0.03 | 0.01 |
| Net realized and unrealized gain (loss) on investments | 1.46 | 0.84 | 2.57 | (0.07) |
| Total from investment operations | 1.49 | 0.87 | 2.60 | (0.06) |
| Distributions from net realized gains | (0.64) | (1.54) | (0.37) | — |
| Net asset value, end of period | $ 11.55 | $ 10.70 | $11.37 | $ 9.14 |
| Total return (iii) | 15.34% | 8.50% | 29.41% | (0.65)% |
| Ratios/Supplemental Data: | ||||
| Net assets, end of period (000's omitted) | $15,755 | $13,262 | $ 9,050 | $ 99 |
| Ratio of gross expenses to average net assets | 1.12% | 1.13% | 1.31% | 33.46% |
| Ratio of expense reimbursements to average net assets | (0.18)% | (0.23)% | (0.41)% | (32.56)% |
| Ratio of net expenses to average net assets | 0.94% | 0.90% | 0.90% | 0.90% |
| Ratio of net investment income to average net assets | 0.29% | 0.27% | 0.32% | 2.38% |
| Portfolio turnover rate | 14.64% | 20.20% | 30.70% | 19.84% |
| (i) | Ratios have been annualized; total return has not been annualized; portfolio turnover is for the twelve months then ended. |
| (ii) | Amount was computed based on average shares outstanding during the period. |
| (iii) | Does not reflect the effect of sales charges, if applicable. |
| Alger Dynamic Opportunities Fund Class Z | Year
ended 10/31/19 |
Year
ended 10/31/18 |
Year
ended 10/31/17 |
Year
ended 10/31/16 |
Year
ended 10/31/15 |
| Net asset value, beginning of period | $ 14.07 | $ 14.39 | $ 11.83 | $ 12.64 | $ 12.99 |
| Income from Investment Operations: | |||||
| Net investment loss (i) | (0.12) | (0.25) | (0.18) | (0.14) | (0.16) |
| Net realized and unrealized gain (loss) on investments | 0.59 | 0.82 | 2.78 | (0.33) | 0.55 |
| Total from investment operations | 0.47 | 0.57 | 2.60 | (0.47) | 0.39 |
| Distributions from net realized gains | (0.24) | (0.89) | (0.04) | (0.34) | (0.74) |
| Net asset value, end of period | $ 14.30 | $ 14.07 | $ 14.39 | $ 11.83 | $ 12.64 |
| Total return (ii) | 3.54% | 4.27% | 22.02% | (3.92)% | 3.16% |
| Ratios/Supplemental Data: | |||||
| Net assets, end of period (000's omitted) | $ 85,184 | $ 69,002 | $ 48,660 | $ 44,947 | $ 46,966 |
| Ratio of gross expenses to average net assets | 2.15%(iii) | 2.33%(iv) | 2.21%(v) | 2.07%(vi) | 1.93%(vii) |
| Ratio of expense reimbursements to average net assets | (0.29)% | — | — | — | — |
| Ratio of net expenses to average net assets | 1.86% | 2.33% | 2.21% | 2.07% | 1.93% |
| Ratio of net investment loss to average net assets | (0.82)% | (1.72)% | (1.34)% | (1.13)% | (1.23)% |
| Portfolio turnover rate | 264.04% | 181.92% | 216.81% | 146.73% | 178.19% |
| (i) | Amount was computed based on average shares outstanding during the period. |
| (ii) | Does not reflect the effect of sales charges, if applicable. |
| (iii) | Includes 0.58% related to dividend expense on short positions and interest expense for the period ended 10/31/19. |
| (iv) | Includes 0.81% related to dividend expense on short positions and interest expense for the period ended 10/31/18. |
| (v) | Includes 0.61% related to dividend expense on short positions and interest expense for the period ended 10/31/17. |
| (vi) | Includes 0.58% related to dividend expense on short positions and interest expense for the period ended 10/31/16. |
| (vii) | Includes 0.44% related to dividend expense on short positions and interest expense for the period ended 10/31/15. |
| Alger Emerging Markets Fund Class I | Year
ended 10/31/19 |
Year
ended 10/31/18 |
Year
ended 10/31/17 |
Year
ended 10/31/16 |
Year
ended 10/31/15 |
| Net asset value, beginning of period | $ 8.72 | $ 11.22 | $ 9.04 | $ 8.50 | $ 9.38 |
| Income from Investment Operations: | |||||
| Net investment income (loss) (i) | 0.02 | 0.01 | — | (0.01) | (0.03) |
| Net realized and unrealized gain (loss) on investments | 1.19 | (2.11) | 2.18 | 0.55 | (0.85) |
| Total from investment operations | 1.21 | (2.10) | 2.18 | 0.54 | (0.88) |
| Dividends from net investment income | (0.20) | (0.40) | — | —(ii) | — |
| Net asset value, end of period | $ 9.73 | $ 8.72 | $ 11.22 | $ 9.04 | $ 8.50 |
| Total return (iii) | 14.22% | (19.40)% | 24.12% | 6.39% | (9.38)% |
| Ratios/Supplemental Data: | |||||
| Net assets, end of period (000's omitted) | $ 2,636 | $ 14,516 | $22,848 | $14,006 | $11,814 |
| Ratio of gross expenses to average net assets | 2.07% | 1.71% | 1.96% | 2.32% | 2.64% |
| Ratio of expense reimbursements to average net assets | (0.65)% | (0.24)% | (0.41)% | (0.72)% | (0.94)% |
| Ratio of net expenses to average net assets | 1.42% | 1.47% | 1.55% | 1.60% | 1.70% |
| Ratio of net investment income (loss) to average net assets | 0.17% | 0.06% | 0.03% | (0.06)% | (0.35)% |
| Portfolio turnover rate | 80.33% | 105.23% | 71.95% | 65.84% | 84.93% |
| (i) | Amount was computed based on average shares outstanding during the period. |
| (ii) | Amount was less than $0.005 per share. |
| (iii) | Does not reflect the effect of sales charges, if applicable. |
| Alger Emerging Markets Fund Class Y | Year
ended 10/31/19 |
Year
ended 10/31/18 |
Year
ended 10/31/17 |
From
5/9/16 (commencement of operations) to 10/31/16(i) |
| Net asset value, beginning of period | $ 8.82 | $ 11.31 | $ 9.06 | $ 7.94 |
| Income from Investment Operations: | ||||
| Net investment income (loss) (ii) | (0.01) | 0.06 | 0.07 | 0.03 |
| Net realized and unrealized gain (loss) on investments | 1.28 | (2.13) | 2.18 | 1.09 |
| Total from investment operations | 1.27 | (2.07) | 2.25 | 1.12 |
| Dividends from net investment income | (0.26) | (0.42) | — | — |
| Net asset value, end of period | $ 9.83 | $ 8.82 | $11.31 | $ 9.06 |
| Total return (iii) | 14.82% | (19.04)% | 24.83% | 14.11% |
| Ratios/Supplemental Data: | ||||
| Net assets, end of period (000's omitted) | $ 3 | $ 4,202 | $ 5,187 | $ 114 |
| Ratio of gross expenses to average net assets | 1.59% | 1.43% | 2.30% | 4.86% |
| Ratio of expense reimbursements to average net assets | (0.64)% | (0.46)% | (1.25)% | (3.81)% |
| Ratio of net expenses to average net assets | 0.95% | 0.97% | 1.05% | 1.05% |
| Ratio of net investment income (loss) to average net assets | (0.13)% | 0.54% | 0.64% | 0.73% |
| Portfolio turnover rate | 80.33% | 105.23% | 71.95% | 65.84% |
| (i) | Ratios have been annualized; total return has not been annualized; portfolio turnover is for the twelve months then ended. |
| (ii) | Amount was computed based on average shares outstanding during the period. |
| (iii) | Does not reflect the effect of sales charges, if applicable. |
| Alger Emerging Markets Fund Class Z | Year
ended 10/31/19 |
Year
ended 10/31/18 |
Year
ended 10/31/17 |
Year
ended 10/31/16 |
Year
ended 10/31/15 |
| Net asset value, beginning of period | $ 8.85 | $ 11.36 | $ 9.12 | $ 8.56 | $ 9.41 |
| Income from Investment Operations: | |||||
| Net investment income (i) | 0.09 | 0.04 | 0.04 | 0.02 | 0.01 |
| Net realized and unrealized gain (loss) on investments | 1.18 | (2.12) | 2.20 | 0.56 | (0.86) |
| Total from investment operations | 1.27 | (2.08) | 2.24 | 0.58 | (0.85) |
| Dividends from net investment income | (0.25) | (0.43) | — | (0.02) | — |
| Net asset value, end of period | $ 9.87 | $ 8.85 | $ 11.36 | $ 9.12 | $ 8.56 |
| Total return (ii) | 14.83% | (19.07)% | 24.56% | 6.78% | (9.03)% |
| Ratios/Supplemental Data: | |||||
| Net assets, end of period (000's omitted) | $14,090 | $ 19,236 | $27,944 | $17,568 | $ 4,294 |
| Ratio of gross expenses to average net assets | 1.85% | 1.43% | 1.71% | 2.07% | 2.55% |
| Ratio of expense reimbursements to average net assets | (0.90)% | (0.39)% | (0.46)% | (0.82)% | (1.30)% |
| Ratio of net expenses to average net assets | 0.95% | 1.04% | 1.25% | 1.25% | 1.25% |
| Ratio of net investment income to average net assets | 0.95% | 0.39% | 0.38% | 0.29% | 0.20% |
| Portfolio turnover rate | 80.33% | 105.23% | 71.95% | 65.84% | 84.93% |
| (i) | Amount was computed based on average shares outstanding during the period. |
| (ii) | Does not reflect the effect of sales charges, if applicable. |
| • | Retirement plans that hold omnibus or aggregate plan participant positions, for each Fund made available for the plan; |
| • | Investors in retirement and deferred compensation plans investing through certain financial intermediaries and third-party recordkeepers and/or administrators who have agreements with the Distributor; and |
| • | Certain financial intermediaries who have entered into an agreement with the Distributor to offer shares through a wrap and/or asset allocation program. |
| • | Any current employee of Fred Alger Management, LLC or Fred Alger & Company, LLC, or their affiliates, and any of their immediate family members who share the same address. |
| • | Trustees of the Funds and Directors of Alger Associates, Inc., or its affiliates, and any of their immediate family members who share the same address. |
| 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 |
| Class | Ticker Symbol | |
| Alger Spectra Fund (“Spectra Fund”) | A
C I Y Z |
SPECX
ASPCX ASPIX ASPYX ASPZX |
| Alger Responsible Investing Fund (“Responsible Fund”) | A
C I Z |
SPEGX
AGFCX AGIFX ALGZX |
| Alger Dynamic Opportunities Fund (“Dynamic Fund”) | A
C Z |
SPEDX
ADOCX ADOZX |
| Alger Emerging Markets Fund (“Emerging Fund”) | A
C I Y Z |
AAEMX
ACEMX AIEMX AYEMX AZEMX |
| • | high-quality, short-term money market instruments, including those issued by the U.S. Treasury or other government agencies; |
| • | commercial paper (short-term, unsecured, promissory notes of domestic or foreign companies); |
| • | short-term debt obligations of corporate issuers, certificates of deposit and bankers’ acceptances of domestic and foreign banks and savings and loan associations; and |
| • | repurchase agreements. |
| • | In a sequential-pay CMO structure, one class is entitled to receive all principal payments and pre- payments on the underlying mortgage loans (and interest on unpaid principal) until the principal of the class is repaid in full, while the remaining classes receive only interest; when the first class is repaid in full, a second class becomes entitled to receive all principal payments and prepayments on the underlying mortgage loans until the class is repaid in full, and so forth. |
| • | A planned amortization class (“PAC”) of CMOs is entitled to receive principal on a stated schedule to the extent that it is available from the underlying mortgage loans, thus providing a greater (but not absolute) degree of certainty as to the schedule upon which principal will be repaid. |
| • | An accrual class of CMOs provides for interest to accrue and be added to principal (but not be paid currently) until specified payments have been made on prior classes, at which time the principal of the accrual class (including the accrued interest which was added to principal) and interest thereon begins to be paid from payments on the underlying mortgage loans. |
| • | As discussed above with respect to pass-through, mortgage-backed securities, an interest-only class of CMOs entitles the holder to receive all of the interest and none of the principal on the underlying mortgage loans, while a principal-only class of CMOs entitles the holder to receive all of the principal payments and prepayments and none of the interest on the underlying mortgage loans. |
| • | A floating rate class of CMOs entitles the holder to receive interest at a rate which changes in the same direction and magnitude as changes in a specified index rate. An inverse floating rate class of CMOs entitles the holder to receive interest at a rate which changes in the opposite direction from, and in the same magnitude as, or in a multiple of, changes in a specified index rate. Floating rate and inverse floating rate classes also may be subject to “caps” and “floors” on adjustments to the interest rates which they bear. |
| • | A subordinated class of CMOs is subordinated in right of payment to one or more other classes. Such a subordinated class provides some or all of the credit support for the classes that are senior to it by absorbing losses on the underlying mortgage loans before the senior classes absorb any losses. A subordinated class which is subordinated to one or more classes but senior to one or more other classes is sometimes referred to as a “mezzanine” class. A subordinated class generally carries a lower rating than the classes that are senior to it, but may still carry an investment grade rating. |
| Broker Commissions Paid for 2017 | |||||||||||
| Paid to Alger LLC | Soft Dollar Transactions | ||||||||||
| Total
Paid by the Fund |
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 | ||||||
|
Spectra
Fund |
$5,042,520 | $831,612 | 16% | 17% | $2,987,768,658 | $1,668,791 | |||||
|
Responsible
Fund |
$ 27,172 | $ 13,131 | 48% | 47% | $ 5,712,942 | $ 3,830 | |||||
|
Dynamic
Fund |
$ 313,913 | $ 36,547 | 12% | 9% | $ 112,118,207 | $ 86,442 | |||||
|
Emerging
Fund |
$ 194,883 | $ 101 | 0% | 0% | $ 40,465 | $ 29 | |||||
| $5,578,488 | $881,390 | 16% | 17% | $3,105,640,272 | $1,759,092 | ||||||
| Broker Commissions Paid for 2018 | |||||||||||
| Paid to Alger LLC | Soft Dollar Transactions | ||||||||||
| Total
Paid by the Fund |
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 | ||||||
|
Spectra
Fund |
$4,231,558 | $646,008 | 15% | 16% | $3,243,473,939 | $1,428,861 | |||||
|
Responsible
Fund |
$ 9,828 | $ 6,564 | 67% | 64% | $ 1,998,790 | $ 881 | |||||
|
Dynamic
Fund |
$ 293,815 | $ 16,583 | 6% | 8% | $ 119,202,031 | $ 102,466 | |||||
|
Emerging
Fund |
$ 298,730 | $ 185 | 0% | 0% | $ 97,425 | $ 296 | |||||
| $4,833,931 | $669,340 | 14% | 15% | $3,364,772,185 | $1,532,504 | ||||||
| Broker Commissions Paid for 2019 | |||||||||||
| Paid to Alger LLC | Soft Dollar Transactions | ||||||||||
| Total
Paid by the Fund |
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 | ||||||
|
Spectra
Fund |
$5,292,068 | $602,523 | 11% | 14% | $3,666,600,659 | $1,563,846 | |||||
|
Responsible
Fund |
$ 9,203 | $ 5,186 | 56% | 46% | $ 1,912,827 | $ 793 | |||||
|
Dynamic
Fund |
$ 573,829 | $ 61,523 | 11% | 13% | $ 155,006,962 | $ 155,296 | |||||
|
Emerging
Fund |
$ 143,190 | $ 364 | 0% | 0% | $ 85,781 | $ 71 | |||||
| $6,018,290 | $669,596 | 11% | 14% | $3,823,606,229 | $1,720,006 | ||||||
| Spectra Fund | Dollar Value of Securities Owned | |
|
Goldman Sachs Group
Inc. |
$ 3,245,296 | |
|
Morgan
Stanley |
$16,184,872 |
| Responsible Investing Fund | Dollar Value of Securities Owned | |
|
Morgan
Stanley |
$713,361 |
| Dynamic Opportunities Fund | Dollar Value of Securities Owned | |
|
Morgan
Stanley |
$327,508 |
| Fund | Class A | Class C | Class I | |||
|
Alger Spectra
Fund |
$3,010,280 | $7,106,672 | $1,775,016 | |||
|
Alger Responsible Investing
Fund |
$ 72,989 | $ 57,499 | $ 26,556 | |||
|
Alger Dynamic Opportunities
Fund |
$ 72,480 | $ 71,992 | $ — | |||
|
Alger Emerging Markets
Fund |
$ 10,750 | $ 30,258 | $ 13,120 |
| Responsible
Investing Fund |
Spectra
Fund |
Emerging
Markets Fund |
Dynamic
Opportunities Fund |
Total | |||||
|
Advertising &
Promotion |
$ 1,963 | $ 82,184 | $ 364 | $ 1,907 | $ 86,418 | ||||
|
Compensation to
Dealers |
68,099 | 2,595,578 | 17,192 | 81,746 | 2,762,615 | ||||
|
Compensation to Sales
Personnel |
6,636 | 277,617 | 1,197 | 6,459 | 291,909 | ||||
|
Printing |
312 | 13,061 | 57 | 302 | 13,732 | ||||
|
Total Selling
Expenses |
$77,010 | $2,968,440 | $18,810 | $90,414 | $3,154,674 |
| Responsible
Investing Fund |
Spectra
Fund |
Emerging
Markets Fund |
Dynamic
Opportunities Fund |
Total | |||||
|
Advertising &
Promotion |
$ 382 | $ 48,213 | $ 224 | $ 450 | $ 49,269 | ||||
|
Compensation to
Dealers |
55,622 | 6,864,698 | 33,519 | 69,193 | 7,023,032 | ||||
|
Compensation to Sales
Personnel |
1,288 | 162,432 | 745 | 1,530 | 165,995 | ||||
|
Printing |
60 | 7,631 | 35 | 71 | 7,797 | ||||
|
Total Selling
Expenses |
$57,352 | $7,082,974 | $34,523 | $71,244 | $7,246,093 |
| Responsible
Investing Fund |
Spectra
Fund |
Emerging
Markets Fund |
Total | ||||
|
Advertising &
Promotion |
$ 714 | $ 47,655 | $ 674 | $ 49,043 | |||
|
Compensation to
Dealers |
35,079 | 1,830,722 | 12,638 | 1,878,439 | |||
|
Compensation to Sales
Personnel |
2,401 | 160,022 | 2,159 | 164,582 | |||
|
Printing |
113 | 7,499 | 106 | 7,718 | |||
|
Total Selling
Expenses |
$38,307 | $2,045,898 | $15,577 | $2,099,782 |
| • | employees of the Distributor and its affiliates, |
| • | Individual Retirement Accounts (“IRAs”), Keogh Plans and employee benefit plans for those employees and |
| • | spouses, children, siblings and parents of those employees and trusts of which those individuals are beneficiaries, as long as orders for the shares on behalf of those individuals and trusts were placed by the employees; |
| • | accounts managed by the Manager, |
| • | employees, participants and beneficiaries of those accounts, |
| • | IRAs, Keogh Plans and employee benefit plans for those employees, participants and beneficiaries and |
| • | spouses and minor children of those employees, participants and beneficiaries as long as orders for the shares were placed by the employees, participants and beneficiaries; |
| • | directors or trustees of any investment company for which the Distributor or any of its affiliates serves as investment adviser or distributor; |
| • | employee benefit or retirement plans or charitable accounts, including, but not limited to, Individual Retirement Accounts, Keogh Plans, 401(k) plans, profit-sharing pension plans, defined benefit plans, Taft-Hartley multiemployer pension plans, 457 plans, 403(b) plans, non-qualified deferred compensation plans, and other defined contribution plans subject to the Employee Retirement Income Security Act of 1974, as amended, other than employee benefit or retirement plans or charitable accounts that purchase Class A Shares through brokerage relationships in which sales charges are customarily imposed; |
| • | an investment company registered under the Investment Company Act of 1940, as amended, in connection with the combination of the investment company with the Fund by merger, acquisition of assets or by any other transaction; |
| • | registered investment advisers for their own accounts; |
| • | certain registered investment advisers, banks, trust companies and other financial institutions (including broker-dealers) that have an agreement in place with the Distributor (see Appendix A — Waivers and Discounts Available from Intermediaries in the Prospectus for a list of such entities), as long as the orders for the shares were placed on behalf of their clients; |
| • | certain financial intermediaries offering self-directed investment brokerage accounts that have an agreement in place with the Distributor (see Appendix A — Waivers and Discounts Available from Intermediaries in the Prospectus for a list of such entities); |
| • | a financial institution as shareholder of record on behalf of: |
| • | investment advisers or financial planners trading for their own accounts or the accounts of their clients, and who charge a separate fee for their services, and |
| • | clients of such investment advisers or financial planners trading for their own accounts if the accounts are linked to the master account of such investment adviser or financial planner on the books and records of the financial institution; |
| • | a financial institution as shareholder of record on behalf of retirement and deferred compensation plans and trusts used to fund those plans; |
| • | registered representatives of broker-dealers that have an agreement in place with the Distributor, for their own accounts and their spouses, children, siblings and parents; |
| • | children or spouses of individuals who died in the terrorist attacks of September 11, 2001 made directly at the Fund; |
| • | shareholders of Alger Global Focus Fund as of January 21, 2005 purchasing Class A Shares directly from the Fund for their existing accounts; and |
| • | investors purchasing Class A Shares of the Alger Family of Funds when those purchases are made directly from the Fund (including shareholders of Class N Shares as of September 23, 2008). |
| Name, (Date 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 2003 |
Fundraising Consultant since 2015, Schultz & Williams; Trustee since 2013, Pennsylvania Ballet; School Committee Member since 2017, Germantown Friends School. | 27 | Board of Directors, Alger Associates, Inc.; Director of Target Margin Theater | ||||
| Non-Interested Trustees: | ||||||||
| Charles F. Baird, Jr. (1953) | Trustee
since 2000 |
Managing Director of North Castle Partners, (private equity securities group). | 27 | |||||
| Roger P. Cheever (1945) | Trustee
since 2000 |
Associate Vice President for Principal Gifts since 2008, Harvard University. | 27 | Board of Directors, Alger SICAV Fund | ||||
| Stephen E. O’Neil (1932) | Trustee
since 1986 |
Retired. | 27 | |||||
| David Rosenberg (1962) | Trustee
since 2007 |
Associate Professor of Law since August 2000, Zicklin School of Business, Baruch College, City University of New York. | 27 | |||||
| Nathan E. Saint-Amand M.D. (1938) | Trustee
since 1986 |
Medical doctor in private practice since 1970; Member of the Board of the Manhattan Institute (non-profit policy research) since 1988. | 27 |
| (1) | The address of each Trustee is c/o Fred Alger Management, LLC, 360 Park Avenue South, New York, NY 10010. |
| (2) | Ms. Alger is an “interested person” (as defined in the Act) of the Funds by virtue of her ownership control of Alger Associates, Inc. (“Alger Associates”), which controls Alger Management and its affiliates. |
| (3) | “Alger Fund Complex” refers to the Trust and the four other registered investment companies managed by Alger Management. Each Trustee serves until an event of termination, such as death or resignation, or until his or her successor is duly elected. Each of the Trustees serves on the Boards of Trustees of the other four registered investment companies in the Alger Fund Complex. |
| • | Hilary M. Alger — In addition to her tenure as a Board member of all of the Alger Fund Complex mutual funds (some since 2003), Ms. Alger has over 15 years experience in development for non- profit entities, and prior to that, worked as a securities analyst at Alger Management. Ms. Alger owns securities issued by, and serves on the Board of Directors of, Alger Associates. |
| • | Charles F. Baird, Jr. — In addition to his tenure as a Board member of all of the Alger Fund Complex mutual funds (some since 2000), and his service on the Audit Committee of the Trust, Mr. Baird has over 35 years experience as a business entrepreneur, primarily focusing on private equity securities. His extensive experience in the investment business provides in-depth knowledge of industry practices and standards. |
| • | Roger P. Cheever — Mr. Cheever has been the Chairman of the Board of all of the Alger Fund Complex mutual funds since 2007, and has been a Board member of some since 2000. Mr. Cheever has over 35 years of experience in the development and management of non-profit entities. |
| • | Stephen E. O’Neil — In addition to his tenure as a Board member of all of the Alger Fund Complex mutual funds (some since 1973), and his service as Chairman of the Audit Committee of the Trust, Mr. O’Neil has over 45 years experience as a lawyer and private investor. |
| • | David Rosenberg — In addition to his tenure as a Board member of all of the Alger Fund Complex mutual funds since 2007, Mr. Rosenberg has over 15 years of experience as a professor of business law. |
| • | Nathan E. Saint-Amand, M.D. — In addition to his tenure as a Board member of all of the Alger Fund Complex mutual funds (some since 1986), Dr. Saint-Amand has been a medical doctor for over 45 years and has served on the boards of several non-profit entities. |
| Name,
(Date of Birth), Position with Trust and Address(1) |
Principal Occupations | Officer
Since | ||
| Officers (2): | ||||
| Hal
Liebes (1964) President |
Executive Vice President, Chief Operating Officer (“COO”) and Secretary, Alger Management; COO and Secretary, Alger Associates, Inc. and Alger Alternative Holdings, LLC; Director, Alger SICAV, Alger International Holdings, and Alger Dynamic Return Offshore Fund; Vice President, COO, Member, and Secretary, Alger Capital, LLC and Alger Group Holdings, LLC; Executive Director and Chairman, Alger Management, Ltd.; Manager and Secretary, Weatherbie Capital, LLC and Alger Apple Real Estate LLC; Manager, Alger Partners Investors I, LLC and Alger Partners Investors KEIGF; Secretary, Alger-Weatherbie Holdings, LLC and Alger Boulder I LLC; and Director and Secretary, The Foundation for Alger Families. | 2005 | ||
| Tina
Payne (1974) Secretary, Chief Compliance Officer |
Since 2017, Senior Vice President, General Counsel, and Chief Compliance Officer (“CCO”), Alger Management; Senior Vice President, General Counsel, and Secretary, Alger LLC; CCO, Alger Management, Ltd.; Assistant Secretary, Weatherbie Capital, LLC and Alger Alternative Holdings, LLC; and since 2019, Assistant Secretary, Alger-Weatherbie Holdings, LLC. Formerly, Senior Vice President and Associate General Counsel, Cohen & Steers Capital Management, from 2007 to 2017. | 2017 | ||
| Michael
D. Martins (1965) Treasurer, AML Compliance Officer |
Senior Vice President, Alger Management. | 2005 | ||
| Anthony
S. Caputo (1955) Assistant Treasurer |
Vice President, Alger Management. | 2007 | ||
| Sergio
M. Pavone (1961) Assistant Treasurer |
Vice President, Alger Management. | 2007 |
| (1) | The address of each officer is c/o Fred Alger Management, LLC, 360 Park Avenue South, New York, NY 10010. |
| (2) | Each officer’s term of office is one year. Each officer serves in the same capacity for the other funds in the Alger Fund Complex. |
| Name of Person | Aggregate
Compensation from The Alger Funds II |
Total
Compensation Paid to Trustee from The Alger Fund Complex | ||
|
Charles F. Baird,
Jr |
$42,979 | $130,500 | ||
|
Roger P.
Cheever |
$49,242 | $149,500 | ||
|
Stephen E.
O’Neil |
$42,979 | $130,500 | ||
|
David
Rosenberg |
$39,353 | $119,500 | ||
|
Nathan E.
Saint-Amand |
$42,979 | $130,500 |
| Hilary
M. Alger |
Charles
F. Baird, Jr. |
Roger
P. Cheever |
Stephen
E. O’Neil |
David
Rosenberg |
Nathan
E. Saint-Amand |
|||||||
| Spectra Fund | E | A | E | D | A | A | ||||||
| Responsible Fund | E | A | A | A | A | A | ||||||
| Dynamic Fund | E | D | A | A | A | A | ||||||
| Emerging Fund | A | A | A | A | A | A | ||||||
| Aggregate Equity Securities of Funds in the Alger Fund Complex | E | E | E | D | C | A |
| Fund | 2019 | 2018 | 2017 | |||
|
Alger Spectra
Fund |
$45,727,464 | $47,109,094 | $41,919,791 | |||
|
Alger Responsible Investing
Fund |
$ 423,408 | $ 449,918 | $ 410,438 | |||
|
Alger Dynamic Opportunities
Fund |
$ 1,324,031 | $ 1,118,448 | $ 953,398 | |||
|
Alger Emerging Markets
Fund |
$ 220,043 | $ 496,162 | $ 419,946 |
| Fund | 2019 | 2018 | 2017 | |||
|
Alger Spectra
Fund |
$ 14,661 | $ 0 | $ 0 | |||
|
Alger Responsible Investing
Fund |
$ 44,061 | $ 49,763 | $44,904 | |||
|
Alger Dynamic Opportunities
Fund* |
$323,130 | $ 0 | $ 0 | |||
|
Alger Emerging Market
Fund** |
$221,962 | $142,972 | $85,327 |
| * | Prior to March 15, 2019, the contractual limitations for Alger Dynamic Opportunities Fund were 1.75% for Class A shares, 2.55% for Class C shares and 1.45 for Class Z shares. |
| ** | Prior to January 1, 2018, the contractual limitations for Alger Emerging Market Fund were 1.55% for Class A shares, 2.30% for Class C shares, 1.55% for Class I shares, 1.05% for Class Y shares and 1.25% for Class Y shares. In addition to the contractual amounts above, Alger Management voluntarily reduced its advisory fee for the Alger Emerging Markets Fund by an additional $59,000 and $126,100 for the years ended October 31, 2018 and 2017, respectively. |
| Fund | 2019 | 2018 | 2017 | |||
|
Alger Spectra
Fund |
$1,642,072 | $1,706,953 | $1,477,376 | |||
|
Alger Responsible Investing
Fund |
$ 16,400 | $ 17,426 | $ 15,897 | |||
|
Alger Dynamic Opportunities
Fund |
$ 30,342 | $ 25,631 | $ 21,849 | |||
|
Alger Emerging Markets
Fund |
$ 8,068 | $ 17,565 | $ 12,832 |
| • | the firm’s overall financial results and profitability; |
| • | the firm’s overall investment management performance; |
| • | current year’s and prior years’ pre-tax investment performance (both relative and absolute) of the portfolios for which the individual is responsible, based on the benchmark of each such portfolio; |
| • | qualitative assessment of an individual’s performance with respect to the firm’s investment process and standards; and |
| • | the individual’s leadership contribution within the firm. |
| Registered
Investment Companies |
Other
Pooled Investment Vehicles |
Other
Accounts | ||||||
|
Gregory
Adams* |
3 | 178,607,219 | 3 | 73,955,122 | 9 | 14,087,134 | ||
|
Joshua D.
Bennettx† |
2 | 543,510,646 | 4 | 141,049,413 | 14 | 894,591,659 | ||
|
Daniel J.
Brazeau† |
2 | 66,037,696 | ||||||
|
Dan C.
Chung*± |
11 | 1,525,924,152 | 3 | 73,955,122 | 7 | 22,261,174 | ||
|
Ankur
Crawford#∞ |
6 | 7,384,211,998 | 11 | 1,766,252,544 | 57 | 2,769,197,663 | ||
|
H. George
Daix† |
2 | 543,510,646 | 4 | 141,049,413 | 14 | 894,591,659 | ||
|
Greg
Jones |
2 | 156,823,278 | 1 | 32,457,337 | ||||
|
Patrick
Kelly# |
5 | 7,370,574,702 | 10 | 1,766,011,557 | 56 | 2,769,081,395 | ||
|
Pragna
Shere |
2 | 156,823,278 | 1 | 32,457,337 | ||||
| * | The portfolio manager also manages Alger Dynamic Return Fund, a hedge fund included as a pooled investment vehicle. The advisory fee of Alger Dynamic Return Fund is based on the performance of the account, which had assets of approximately $28 million as of October 31, 2019. |
| x | The portfolio manager also manages a separate account, included in “Other Accounts,” which may charge additional fees based on the performance of the account. The account had assets of approximately $101 million as of October 31, 2019. |
| † | The portfolio manager also manages a private hedge fund, included in “Other Pooled Investment Vehicles,” which may charge additional fees based on the performance of the account. The account had assets of approximately $26 million as of October 31, 2019. |
| ± | The portfolio manager also manages Alger 35 Fund, a mutual fund included as a registered investment company. The advisory fee of Alger 35 Fund is based upon the performance of the Fund, which has assets of approximately $9.2 million as of October 31, 2019. |
| ∞ | The portfolio manager also manages Alger 25 Fund, a mutual fund included as a registered investment company. The advisory fee of Alger 35 Fund is based upon the performance of the Fund, which has assets of approximately $13.6 million as of October 31, 2019. |
| # | The portfolio manager also manages a separate account, included in “Other Accounts,” with advisory fees based on the performance of the account. The account had assets of approximately $190 million as of October 31, 2019. |
| Portfolio Manager | Fund | Range | ||
|
Gregory
Adams |
Dynamic
Fund Responsible Fund |
E*
E | ||
|
Joshua D.
Bennett |
Dynamic Fund | D ± | ||
|
Daniel J.
Brazeau |
Dynamic Fund | C | ||
|
Dan C.
Chung |
Dynamic
Fund Emerging Fund |
G
F |
| Portfolio Manager | Fund | Range | ||
|
Ankur
Crawford |
Spectra Fund | E* | ||
|
H. George
Dai |
Dynamic Fund | C | ||
|
Greg
Jones |
Emerging Fund | A | ||
|
Patrick
Kelly |
Spectra Fund | G* | ||
|
Pragna
Shere |
Emerging Fund | C |
| * | A portion of these amounts represents vested or unvested shares held in various qualified and non-qualified deferred compensation plans sponsored by the Manager in which the portfolio manager participates. Information provided is based on current valuations of portfolio manager ownership in such plans where obtainable or on initial values (which may increase or decrease) where current valuations are not timely available. |
| ± | Ownership information is as of February 1, 2020. |
| Fund | 2019 | 2018 | 2017 | |||
|
Alger Spectra
Fund |
$721,578 | $762,228 | $691,742 | |||
|
Alger Responsible Investing
Fund |
$ 8,235 | $ 8,812 | $ 8,259 | |||
|
Alger Dynamic Opportunities
Fund |
$ 13,386 | $ 11,594 | $ 10,024 | |||
|
Alger Emerging Markets
Fund |
$ 3,408 | $ 7,140 | $ 5,248 |
| Name and Address | Fund Classes | Percentage
of Total Shares Held | ||
|
American Enterprise Inv Svcs ..............................FBO 41999970 707 2nd Ave S Minneapolis, MN 55402-2405 |
C | 5.29% | ||
| Z | 5.69% | |||
|
Charles Schwab & Co., Inc. ................................Special Custody A/C FBO Customers ATTN: Mutual Funds 211 Main St San Francisco, CA 94105-1905 |
C | 5.79% | ||
| I | 5.61% | |||
|
Charles Schwab & Co., Inc. ................................ATTN: Mutual Fund Ops 211 Main St San Francisco, CA 94105-1905 |
A | 8.93% | ||
|
John Hancock Trust Company LLC ...........................690 Canton St., Suite 100 Westwood, MA 02090 |
Y | 64.20% | ||
|
LPL Financial .........................................Omnibus Customer Account ATTN: Mutual Fund Trading 4707 Executive Dr San Diego, CA 92121-3091 |
Z | 8.12% | ||
|
Matrix Trust Company Trustee ..............................FBO Bryan Heart Retirement Savings Plan 717 17th St., Suite 1300 Denver, CO 80202 |
Y | 7.29% | ||
|
MLPF&S ............................................For the Sole Benefit of its Customers ATTN: Fund Administration 97RM2 4800 Deer Lk Dr E, 2nd Fl Jacksonville, FL 32246-6484 |
A | 7.50% | ||
| C | 14.62% | |||
| Z | 13.50% |
| Name and Address | Fund Classes | Percentage
of Total Shares Held | ||
|
Morgan Stanley Smith Barney LLC ...........................For the Exclusive Benefit of its Customers 1 New York Plz, 12th Fl New York, NY 10004-1965 |
A | 10.04% | ||
| C | 9.65% | |||
| Z | 10.49% | |||
|
National Financial Svcs LLC ...............................For the Exclusive Benefit of our Customers ATTN: Mutual Funds Dept, 4th Fl 499 Washington Blvd Jersey City, NJ 07310-1995 |
Y | 11.05% | ||
| Z | 11.38% | |||
|
Pershing LLC .........................................1 Pershing Plz Jersey City, NJ 07399-0002 |
A | 6.23% | ||
| C | 10.12% | |||
| I | 7.24% | |||
| Z | 6.92% | |||
|
Raymond James .......................................Omnibus for Mutual Funds House Acct Firm 92500015 ATTN: Courtney Waller 880 Carillon Pkwy St. Petersburg, FL 33716-1100 |
C | 7.90% | ||
| I | 40.08% | |||
|
RBC Capital Markets LLC .................................Mutual Fund Omnibus Processing ATTN: Mutual Fund Ops Manager 60 South Sixth St, P08 Minneapolis, MN 55402-4413 |
C | 7.18% | ||
|
UBS WM USA .........................................0O0 11011 6100 Omni Account M/F Spec Cdy A/C EBOC UBSFSI 1000 Harbor Blvd Weehawken, NJ 07086-6761 |
C | 7.16% | ||
| Z | 14.05% | |||
|
Wells Fargo Clearing Services LLC ...........................Special Custody Acct for the Exclusive Benefit of Customer 2801 Market St Saint Louis, MO 63103-2523 |
A | 7.17% | ||
| C | 15.05% | |||
| Z | 9.18% |
| Name and Address | Fund Classes | Percentage
of Total Shares Held | ||
|
Alger Capital, LLC ......................................360 Park Avenue South New York, NY 10010 |
Z | 16.28% | ||
|
American Enterprise Inv Svcs ..............................FBO 41999970 707 2nd Ave S Minneapolis, MN 55402-2405 |
C | 7.67% | ||
| Z | 12.09% | |||
|
Ascensus Trust Company .................................FBO Leominster News 401(k) 208914 PO Box 10655 Fargo, ND 58106-0655 |
C | 12.06% | ||
|
Charles Schwab & Co., Inc. ................................Special Custody A/C FBO Customers ATTN: Mutual Funds 211 Main St San Francisco, CA 94105-1905 |
A | 5.53% | ||
| C | 5.98% |
| Name and Address | Fund Classes | Percentage
of Total Shares Held | ||
|
Edward D. Jones and Co. .................................The Benefit of Customers 12555 Manchester Rd. Saint Louis, MO 63131 |
A | 5.46% | ||
| C | 7.18% | |||
|
LPL Financial .........................................Omnibus Customer Account ATTN: Mutual Fund Trading 4707 Executive Dr San Diego, CA 92121-3091 |
C | 11.71% | ||
| I | 36.33% | |||
|
LPL Financial .........................................FBO Customer Accounts 4707 Executive Dr San Diego, CA 92121-3091 |
Z | 34.49% | ||
|
MLPF&S ............................................For the Sole Benefit of its Customers ATTN: Fund Administration 97RM2 4800 Deer Lk Dr E, 2nd Fl Jacksonville, FL 32246-6484 |
A | 5.55% | ||
| C | 10.77% | |||
|
Morgan Stanley Smith Barney LLC ...........................For the Exclusive Benefit of its Customers 1 New York Plz, 12th Fl New York, NY 10004-1965 |
C | 11.15% | ||
| Z | 8.20% | |||
|
Pershing LLC .........................................1 Pershing Plz Jersey City, NJ 07399-0002 |
A | 6.90% | ||
| C | 10.67% | |||
| I | 6.18% | |||
|
Pershing LLC .........................................PO Box 2052 Jersey City, NJ 07303-2052 |
Z | 5.32% | ||
|
Raymond James .......................................Omnibus for Mutual Funds House Acct Firm 92500015 ATTN: Courtney Waller 880 Carillon Pkwy St. Petersburg, FL 33716-1100 |
A | 6.52% | ||
| C | 7.50 | |||
| I | 32.33% | |||
|
Voya Retirement Insurance and Annuity Company ................One Orange Way Windsor, CT 06095-4773 |
A | 25.53% | ||
|
Wells Fargo Bank ......................................Special Custody Account 2801 Market St. Saint Louis, MO 63103 |
Z | 5.78% |
| Name and Address | Fund Classes | Percentage
of Total Shares Held | ||
|
Alger Capital, LLC ......................................360 Park Avenue South New York, NY 10010 |
Z | 13.44% | ||
|
American Enterprise Inv Svcs ..............................FBO 41999970 707 2nd Ave S Minneapolis, MN 55402-2405 |
Z | 11.21% |
| Name and Address | Fund Classes | Percentage
of Total Shares Held | ||
|
Charles Schwab & Co., Inc. ................................Special Custody A/C FBO Customers ATTN: Mutual Funds 211 Main St San Francisco, CA 94105-1905 |
A | 11.11% | ||
| C | 6.21% | |||
|
Charles Schwab & Co., Inc. ................................ATTN: Mutual Fund Ops 211 Main St San Francisco, CA 94105-1905 |
A | 10.18% | ||
|
LPL Financial .........................................Omnibus Customer Account ATTN: Mutual Fund Trading 4707 Executive Dr San Diego, CA 92121-3091 |
A | 5.01% | ||
| C | 19.09% | |||
| Z | 6.56% | |||
|
Morgan Stanley Smith Barney LLC ...........................For the Exclusive Benefit of its Customers 1 New York Plz, 12th Fl New York, NY 10004-1965 |
C | 21.55% | ||
|
National Financial Svcs LLC ...............................For the Exclusive Benefit of our Customers ATTN: Mutual Funds Dept., 4th Fl 499 Washington Blvd Jersey City, NJ 07310-1995 |
Z | 37.54% | ||
|
Pershing LLC .........................................1 Pershing Plz Jersey City, NJ 07399-0002 |
C | 8.38% | ||
| Z | 5.43% | |||
|
Raymond James .......................................Omnibus for Mutual Funds House Acct Firm 92500015 ATTN: Courtney Waller 880 Carillon Pkwy St. Petersburg, FL 33716-1100 |
A | 58.72% | ||
| C | 16.50% | |||
|
UBS WM USA .........................................0O0 11011 6100 Omni Account M/F Spec Cdy A/C EBOC UBSFSI 1000 Harbor Blvd Weehawken, NJ 07086-6761 |
C | 12.96% | ||
| Z | 12.02% |
| Name and Address | Fund Classes | Percentage
of Total Shares Held | ||
|
Charles Schwab & Co., Inc. ................................Special Custody A/C FBO Customers ATTN: Mutual Funds 211 Main St San Francisco, CA 94105-1905 |
Z | 11.60% | ||
|
LPL Financial .........................................Omnibus Customer Account ATTN: Mutual Fund Trading 4707 Executive Dr San Diego, CA 92121-3091 |
A | 10.98% | ||
| I | 29.76% | |||
| Z | 13.92% |
| Name and Address | Fund Classes | Percentage
of Total Shares Held | ||
|
Morgan Stanley Smith Barney LLC ...........................For the Exclusive Benefit of its Customers 1 New York Plz, 12th Fl New York, NY 10004-1965 |
A | 5.14% | ||
| C | 11.25% | |||
| Z | 8.37% | |||
|
Pershing LLC .........................................1 Pershing Plz Jersey City, NJ 07399-0002 |
A | 18.38% | ||
| C | 27.10% | |||
| I | 19.21% | |||
| Y | 100% | |||
| Z | 9.80% | |||
|
Raymond James .......................................Omnibus for Mutual Funds House Acct Firm 92500015 ATTN: Courtney Waller 880 Carillon Pkwy St. Petersburg, FL 33716-1100 |
A | 5.43%% | ||
| C | 19.02% | |||
| I | 29.70% | |||
|
RBC Capital Markets LLC .................................Mutual Fund Omnibus Processing ATTN: Mutual Fund Ops Manager 60 South St, P08 Minneapolis, MN 55402-4413 |
A | 7.59% | ||
| Z | 8.06% | |||
|
TD Ameritrade Inc. .....................................For the Benefit of Our Clients P.O. Box 2226 Omaha, NE 68103 |
A | 12.22% | ||
|
UBS WM USA .........................................0O0 11011 6100 Omni Account M/F Spec Cdy A/C EBOC UBSFSI 1000 Harbor Blvd Weehawken, NJ 07086-6761 |
A | 9.09% | ||
| C | 22.10% | |||
| Z | 40.78% |
| Name and Address | Percentage
of Total Shares Held | |
|
UBS WM USA ....................................................0O0 11011 6100 Omnibus Account M/F Spec Cdy A/C EBOC UBSFSI 1000 Harbor Blvd Weehawken, NJ 07086-6761 |
27.98% |
| • | Greater disclosure of corporate environmental policies including climate change and greenhouse gas or toxic emissions; |
| • | Greater transparency of social policies such as those concerning workplace discrimination and corporate board diversification efforts, human rights, and compliance with human/labor rights norms/codes of conduct; and |
| • | Reporting on sustainable business practices including recycling, wood procurement, water use, operations in sensitive or protected areas, energy efficiency/renewable energy, and incorporation of sustainability-related performance metrics into executive compensation. |
| • | Board diversity — recommend votes against nominating committee members when the board lacks diversity (the ISS Benchmark guidelines do not consider diversity when providing recommendations on board members); |
| • | ESG risk management — recommend votes against directors individually, on a committee, or potentially the entire board due to material failures of governance, stewardship, risk oversight, or fiduciary responsibilities at the company, including failure to adequately manage or mitigate environmental and social risks (the ISS Benchmark guidelines do not recommend votes against directors for ESG risks); |
| • | Auditor independence — recommend votes against auditor ratification when non-audit fees exceed a quarter of total fees paid to auditor (the ISS Benchmark guidelines recommend votes against the auditor ratification when non audit fees exceed half of total fees); and |
| • | Environmental stewardship and socially responsible/sustainable business practices. |
| • | Greater disclosure of corporate environmental policies including climate change and greenhouse gas or toxic emissions; |
| • | Greater transparency of social policies such as those concerning workplace discrimination and corporate board diversification efforts, human rights, and compliance with human/labor rights norms/codes of conduct; and |
| • | Reporting on sustainable business practices including recycling, wood procurement, water use, operations in sensitive or protected areas, energy efficiency/renewable energy, and incorporation of sustainability-related performance metrics into executive compensation. |
| • | In addition, the SRI International guidelines are also supportive of the following topics: |
| • | Board diversity — evaluate gender diversity on boards in international markets when reviewing director elections, to the extent that disclosure and market practices permit (the ISS Benchmark guidelines do not consider diversity when providing recommendations on board members); |
| • | ESG risk management — recommend votes against directors individually, the relevant committee, or potentially the entire board due to material failures of governance, stewardship, risk oversight, or fiduciary responsibilities at the company, including failure to adequately manage or mitigate environmental and social risks (the ISS Benchmark guidelines do not recommend votes against directors for ESG risks); and |
| • | Environmental stewardship and socially responsible/sustainable business practices. |
| Item 28. | EXHIBITS |
| Exhibit No. | Description of Exhibit | |
| (a) | Articles of Incorporation: | |
| (a-1) | Amended and Restated Declaration of Trust dated September 13, 2012 (5) | |
| (a-2) | Amendment to Declaration of Trust (7) | |
| (a-3) | Certificate of Amendment and Termination of Alger Mid Cap Focus Fund (9) | |
| (b) | By-Laws: Amended and Restated By-laws of Registrant 12/7/2004 (1) | |
| (c) | Instruments Defining Rights of Security Holders: See Exhibits (a) and (b) | |
| (d) | Investment Advisory Contracts: | |
| (d-1) | Investment Advisory Agreement between Registrant and Fred Alger Management, LLC, dated November 2, 2009 (4) | |
| (d-2) | Amendment to Investment Advisory Agreement including Revised Fee Schedule dated September 17, 2019 – filed herewith | |
| (d-3) | Contract to Support Fee Waiver/Expense Reimbursement – filed herewith | |
| (d-4) | Form of Sub-Advisory Agreement between Fred Alger Management, LLC and Weatherbie Capital, LLC (8) | |
| (e) | Underwriting Contracts: Amended and Restated Distribution Agreement of Registrant, as amended September 24, 2008 (4) | |
| (f) | Bonus or Profit Sharing Contracts: Not Applicable. | |
| (g) | Custodian Agreements: | |
| (g-1) | Custodian Agreement between Registrant and Brown Brothers Harriman & Co. dated February 29, 2008 (2) | |
| (g-2) | Amendment to Custodian Agreement, dated January 6, 2017 – filed herewith | |
| (g-3) | Amendment to Custodian Agreement, dated November 15, 2017 – filed herewith | |
| (g-4) | Amendment to Custodian Agreement, dated December 20, 2017 – filed herewith | |
| (g-5) | Amendment to Custodian Agreement, dated October 15, 2018 – filed herewith | |
| (h) | Other Material Contracts: | |
| (h-1) | Shareholder Administrative Services Agreement among Fred Alger Management, LLC, the Registrant, et. al. effective 2/28/2005 (1) | |
| (h-2) | Amendment No. 1 to Shareholder Administrative Services Agreement, effective June 30, 2007 – filed herewith | |
| (h-3) | Amendment No. 2 to Shareholder Administrative Services Agreement, effective June 30, 2010 – filed herewith | |
| (h-4) | Amendment No. 3 to the Shareholder Administrative Services Agreement, effective December 29, 2010 (4) | |
| (h-5) | Amendment No. 4 to Shareholder Administrative Services Agreement, effective August 1, 2016 – filed herewith | |
| (h-6) | Amendment No. 5 to Shareholder Administrative Services Agreement, effective December 28, 2017 – filed herewith | |
| (h-7) | Transfer Agency Agreement Between Certain Investment Companies Managed by Fred Alger Management, LLC (including Registrant) and UMB Fund Services, Inc. – filed herewith | |
| (h-8) | Administration Agreement between Registrant and Fred Alger Management, LLC, dated May 11, 2018 – filed herewith | |
| (h-9) | Accounting Agency Agreement between Registrant and Brown Brothers Harriman & Co. dated February 29, 2008 (2) | |
| (h-10) | Amendment to the Accounting Agency Agreement between Registrant and Brown Brothers Harriman & Co., dated June 1, 2009 (4) |
| Exhibit No. | Description of Exhibit | |
| (h-11) | Amendment to the Accounting Agency Agreement between Registrant and Brown Brothers Harriman & Co., dated October 24, 2011 (4) | |
| (h-12) | Amendment to the Accounting Agency Agreement between Registrant and Brown Brothers Harriman & Co., dated January 6, 2017 – filed herewith | |
| (h-13) | Amendment to the Accounting Agency Agreement between Registrant and Brown Brothers Harriman & Co., dated August 17, 2017 – filed herewith | |
| (h-14) | Amendment to the Accounting Agency Agreement between Registrant and Brown Brothers Harriman & Co., dated June 1, 2018 – filed herewith | |
| (h-15) | Amendment to the Accounting Agency Agreement between Registrant and Brown Brothers Harriman & Co., dated October 15, 2018 – filed herewith | |
| (i) | Legal Opinion: Opinion and Consent of Sullivan & Worcester (3) | |
| (j) | Consent of Deloitte & Touche LLP - filed herewith | |
| (k) | Omitted Financial Statements: Not applicable. | |
| (l) | Initial Capital Agreements: Original Shareholder Purchase Agreement (6) | |
| (m) | Rule 12b-1 Plan: | |
| (m-1) | Class A Distribution Plan, dated May 18, 2017 – filed herewith | |
| (m-2) | Class C Distribution Plan, dated September 24, 2008 (4) | |
| (m-3) | Class I Distribution Plan, dated May 18, 2017 – filed herewith | |
| (n) | Rule 18f-3 Plan: Rule 18f-3 Multiple Class Plan, dated May 11, 2018 – filed herewith | |
| (o) | Reserved. | |
| (p) | Codes of Ethics: Amended and Restated Code of Ethics – filed herewith | |
| (q) | Powers of Attorney: Powers of Attorney executed by Hal Liebes, Michael D. Martins, Hilary M. Alger, Charles F. Baird, Jr., Roger P. Cheever, Stephen E. O’Neil, David Rosenberg and Nathan E. Saint-Amand, M.D. – filed herewith |
| (1) | Incorporated by reference to Post-Effective Amendment No. 13 filed with the SEC on February 18, 2005. |
| (2) | Incorporated by reference to Post-Effective Amendment No. 24 filed with the SEC on June 26, 2008. |
| (3) | Incorporated by reference to Post-Effective Amendment No. 28 filed with the SEC on August 3, 2009. |
| (4) | Incorporated by reference to Post-Effective Amendment No. 46 filed with the SEC on February 22, 2012. |
| (5) | Incorporated by reference to Post-Effective Amendment No. 48 filed with the SEC on February 22, 2013. |
| (6) | Incorporated by reference to Post-Effective Amendment No. 55 filed with the SEC on October 23, 2015. |
| (7) | Incorporated by reference to Post-Effective Amendment No. 69 filed with the SEC on February 21,2017. |
| (8) | Incorporated by reference to Post-Effective Amendment No. 70 filed with the SEC on March 1, 2017. |
| (9) | Incorporated by reference to Post-Effective Amendment No. 75 filed with the SEC on February 23, 2018. |
| Item 29. | PERSONS CONTROLLED BY OR UNDER COMMON CONTROL WITH REGISTRANT |
| None. |
| Item 30. | INDEMNIFICATION |
| Item 31. | BUSINESS AND OTHER CONNECTIONS OF INVESTMENT ADVISER |
| NAME AND POSITION WITH ALGER MANAGEMENT | OTHER SUBSTANTIAL BUSINESS, PROFESSION OR VOCATION | |
| Daniel
C. Chung Chairman, President and Chief Executive Officer |
President and Chief Executive Officer, Alger Associates, Inc., Alger Capital, LLC, Alger Group Holdings, LLC, Alger Apple Real Estate, LLC and Alger Boulder I LLC; Manager, Weatherbie Capital, LLC; Director, Alger Management, Ltd.; Director and Chairman, Alger International Holdings; President, Chief Executive Officer and Manager, Alger Alternative Holdings, LLC; Chairman, President and Manager, Alger-Weatherbie Holdings, LLC; and President and Director, The Foundation for Alger Families | |
| Robert
Kincel Chief Financial Officer, Senior Vice President and Treasurer |
Chief Financial Officer and Treasurer, Alger Associates, Inc.; Chief Financial Officer, Treasurer and Senior Vice President, Fred Alger & Company, LLC; Treasurer and Manager, Weatherbie Capital, LLC and Alger-Weatherbie Holdings, LLC; Director, Alger International Holdings; Chief Financial Officer, Treasurer and Manager, Alger Alternative Holdings, LLC; Chief Financial Officer, Treasurer and Vice President, Alger Capital, LLC and Alger Group Holdings, LLC; Treasurer, Alger Apple Real Estate, LLC and Alger Boulder I LLC; Treasurer and Director, The Foundation for Alger Families | |
| Hal
Liebes Executive Vice President, Chief Operating Officer and Secretary |
Chief Operating Officer and Secretary, Alger Associates, Inc.; Chief Operating Officer, Secretary and Manager, Alger Alternative Holdings, LLC; Director, Alger SICAV, Alger International Holdings, and Alger Dynamic Return Offshore Fund; Vice President, Chief Operating Officer, Member, and Secretary, Alger Capital, LLC and Alger Group Holdings, LLC; Executive Director and Chairman, Alger Management, Ltd.; Manager and Secretary, Weatherbie Capital, LLC and Alger Apple Real Estate LLC; Manager, Alger Partners Investors I, LLC, Alger-Weatherbie Holdings, LLC and Alger Partners Investors KEIGF; Secretary, Alger Boulder I LLC; and Director and Secretary, The Foundation for Alger Families | |
| Tina
Payne Senior Vice President, General Counsel, Chief Compliance Officer |
Senior Vice President, General Counsel, and Secretary, Fred Alger & Company, LLC; Chief Compliance Officer, Alger Management, Ltd.; Assistant Secretary, Weatherbie Capital, LLC, Alger Alternative Holdings, LLC and Alger-Weatherbie Holdings, LLC |
| Item 32. | PRINCIPAL UNDERWRITER |
| (a) | Fred Alger & Company, LLC (“Alger LLC”) acts as principal underwriter for Registrant, The Alger Funds, The Alger Portfolios, The Alger Institutional Funds, and Alger Global Focus Fund. |
| (b) | The information required by this Item 32 with respect to each director, officer or partner of Alger LLC is incorporated by reference to Schedule A of Form BD filed by Alger LLC pursuant to the Securities Exchange Act of 1934 (SEC File No. 8-6423). |
| (c) | Not applicable. |
| Item 33. | LOCATION OF ACCOUNTS AND RECORDS |
| Item 34. | MANAGEMENT SERVICES |
| Not applicable. | |
| Item 35. | UNDERTAKINGS |
| Not applicable. |
| THE ALGER FUNDS II | ||
| By: | /s/ Hal Liebes | |
| Hal Liebes, President | ||
| ATTEST: | /s/ Tina Payne | |
| Tina Payne, Secretary |
| Signature | Title | Date | ||
| /s/ Hal Liebes | President
(Principal Executive Officer) |
February 28, 2020 | ||
| Hal Liebes | ||||
| /s/ Michael D. Martins | Treasurer
(Principal Financial Officer) |
February 28, 2020 | ||
| Michael D. Martins | ||||
| * | Trustee | February 28, 2020 | ||
| Charles F. Baird | ||||
| * | Trustee | February 28, 2020 | ||
| Roger P. Cheever | ||||
| * | Trustee | February 28, 2020 | ||
| Hilary M. Alger | ||||
| * | Trustee | February 28, 2020 | ||
| David Rosenberg | ||||
| * | Trustee | February 28, 2020 | ||
| Nathan E. Saint-Amand | ||||
| * | Trustee | February 28, 2020 | ||
| Stephen E. O’Neil |
| *By: | /s/ Hal Liebes | |
| Hal
Liebes Attorney-In-Fact |
| Exhibit No. | Description of Exhibit | |
| (d-2) | Amendment to Investment Advisory Agreement between Fred Alger Management, LLC and Registrant, dated September 17, 2019 | |
| (d-3) | Contract to Support Fee Waiver / Expense Reimbursement | |
| (g-2) | Amendment to Custodian Agreement, dated January 6, 2017 | |
| (g-3) | Amendment to Custodian Agreement, dated November 15, 2017 | |
| (g-4) | Amendment to Custodian Agreement, dated December 20, 2017 | |
| (g-5) | Amendment to Custodian Agreement, dated October 15, 2018 | |
| (h-2) | Amendment No. 1 to Shareholder Administrative Services Agreement, effective June 30, 2007 | |
| (h-3) | Amendment No. 2 to Shareholder Administrative Services Agreement, effective June 30, 2010 | |
| (h-5) | Amendment No. 4 to Shareholder Administrative Services Agreement, effective August 1, 2016 | |
| (h-6) | Amendment No. 5 to Shareholder Administrative Services Agreement, effective December 28, 2017 | |
| (h-7) | Transfer Agency Agreement Between Certain Investment Companies Managed by Fred Alger Management, LLC (including Registrant) and UMB Fund Services, Inc. | |
| (h-8) | Administration Agreement, dated May 11, 2018 | |
| (h-12) | Amendment to the Amendment to the Accounting Agency Agreement between Registrant and Brown Brothers Harriman & Co., dated January 6, 2017 | |
| (h-13) | Amendment to the Amendment to the Accounting Agency Agreement between Registrant and Brown Brothers Harriman & Co., dated August 17, 2017 | |
| (h-14) | Amendment to the Amendment to the Accounting Agency Agreement between Registrant and Brown Brothers Harriman & Co., dated June 1, 2018 | |
| (h-15) | Amendment to the Amendment to the Accounting Agency Agreement between Registrant and Brown Brothers Harriman & Co., dated October 15, 2018 | |
| (j) | Consent of Deloitte & Touche LLP | |
| (m-1) | Class A Distribution Plan, dated May 18, 2017 | |
| (m-3) | Class I Distribution Plan, dated May 18, 2017 | |
| (n) | Rule 18f-3 Multiple Class Plan, dated May 11, 2018 | |
| (p) | Code of Ethics | |
| (q) | Powers of Attorney executed by Hal Liebes, Michael D. Martins, Hilary M. Alger, Charles F. Baird, Jr., Roger P. Cheever, Stephen E. O’Neil, David Rosenberg and Nathan E. Saint-Amand, M.D. |
| This ‘485BPOS’ Filing | Date | Other Filings | ||
|---|---|---|---|---|
 | ||||
| 2/28/21 | ||||
| 1/1/21 | ||||
| 5/1/20 | ||||
| 3/1/20 | ||||
| Filed on / Effective on: | 2/28/20 | |||
| 2/1/20 | ||||
| 1/31/20 | ||||
| 1/1/20 | ||||
| 12/31/19 | ||||
| 10/31/19 | 24F-2NT, N-CEN, N-CSR, NPORT-P | |||
| 10/7/19 | ||||
| 9/24/19 | 497 | |||
| 9/17/19 | ||||
| 8/27/19 | 497 | |||
| 3/15/19 | 485BPOS, 497 | |||
| 10/31/18 | 24F-2NT, N-CEN, N-CEN/A, N-CSR | |||
| 10/15/18 | ||||
| 6/1/18 | ||||
| 5/11/18 | ||||
| 2/23/18 | 485BPOS | |||
| 1/1/18 | ||||
| 12/28/17 | NSAR-B | |||
| 12/20/17 | ||||
| 11/15/17 | ||||
| 10/31/17 | 24F-2NT, N-CSR, NSAR-B | |||
| 10/25/17 | ||||
| 8/17/17 | ||||
| 5/18/17 | ||||
| 3/1/17 | 485APOS, 497, 497K | |||
| 1/6/17 | N-CSR | |||
| 12/30/16 | 485BPOS, 497K, NSAR-B | |||
| 12/29/16 | 485BPOS, 497K | |||
| 8/1/16 | ||||
| 12/30/15 | 485BPOS | |||
| 10/23/15 | 485APOS, 497, 497K | |||
| 2/22/13 | 485BPOS | |||
| 9/13/12 | ||||
| 2/22/12 | 485BPOS | |||
| 1/1/12 | ||||
| 10/24/11 | ||||
| 1/21/11 | ||||
| 12/29/10 | 497, 497K, NSAR-B | |||
| 6/30/10 | N-CSRS, N-PX | |||
| 11/2/09 | 485BPOS | |||
| 8/3/09 | 485BPOS | |||
| 6/1/09 | ||||
| 4/30/09 | N-CSRS, NSAR-A, NSAR-A/A | |||
| 9/24/08 | 485BPOS, 497 | |||
| 9/23/08 | ||||
| 6/26/08 | 485APOS, NSAR-A | |||
| 2/29/08 | ||||
| 12/8/07 | ||||
| 6/30/07 | N-PX | |||
| 4/2/07 | 497 | |||
| 3/1/07 | 485BPOS, EFFECT | |||
| 1/12/07 | ||||
| 1/4/07 | 485APOS | |||
| 2/18/05 | 485BPOS | |||
| 1/21/05 | ||||
| 9/11/01 | ||||
| 2/12/96 | N-8A/A | |||
| List all Filings | ||||
As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 2/27/24 Alger Funds II 485BPOS 2/28/24 32:17M Donnelley … Solutions/FA 4/06/23 Alger Funds II 485BPOS 4/06/23 25:11M Donnelley … Solutions/FA 2/27/23 Alger Funds II 485BPOS 2/28/23 29:11M Donnelley … Solutions/FA 2/25/22 Alger Funds II 485BPOS 2/28/22 32:10M Donnelley … Solutions/FA 2/26/21 Alger Funds II 485BPOS 2/28/21 114:15M Donnelley … Solutions/FA |