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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 → Alger Dynamic Opportunities Fund ⇒ 3 Classes/Contracts → Alger Emerging Markets Fund ⇒ 4 Classes/Contracts → Alger Responsible Investing Fund ⇒ 4 Classes/Contracts → Alger Spectra Fund ⇒ 5 Classes/Contracts |
Document/Exhibit Description Pages Size 1: 485BPOS Alger Funds Ii HTML 4.79M 7: EX-99.(D-4) Miscellaneous Exhibit HTML 21K 8: EX-99.(D-9) Miscellaneous Exhibit HTML 41K 9: EX-99.(G-1) Miscellaneous Exhibit HTML 241K 10: EX-99.(G-2) Miscellaneous Exhibit HTML 31K 11: EX-99.(H-13) Miscellaneous Exhibit HTML 179K 12: EX-99.(J) Miscellaneous Exhibit HTML 11K 13: EX-99.(P) Miscellaneous Exhibit HTML 105K 14: EX-99.(Q) Miscellaneous Exhibit HTML 17K 15: R1 Document and Entity Information HTML 67K 16: R2 Risk/Return Detail Data- Alger Spectra Fund - AC HTML 257K (Class A C Shares) 17: R3 Risk/Return Detail Data- Alger Responsible HTML 255K Investing Fund - AC (Class A C Shares) 18: R4 Risk/Return Detail Data- Alger Dynamic HTML 274K Opportunities Fund - AC (Class A C Shares) 19: R5 Risk/Return Detail Data- Alger Emerging Markets HTML 269K Fund - AC (Class A C Shares) 20: R6 Risk/Return Detail Data- Alger Spectra Fund - I HTML 219K (Class I Shares) 21: R7 Risk/Return Detail Data- Alger Spectra Fund - Y HTML 217K (Class Y Shares) 22: R8 Risk/Return Detail Data- Alger Spectra Fund - Z HTML 223K (Class Z Shares) 23: R9 Risk/Return Detail Data- Alger Responsible HTML 219K Investing Fund - I (Class I Shares) 24: R10 Risk/Return Detail Data- Alger Responsible HTML 208K Investing Fund - Z (Class Z Shares) 25: R11 Risk/Return Detail Data- Alger Dynamic HTML 235K Opportunities Fund - Z (Class Z Shares) 26: R12 Risk/Return Detail Data- Alger Emerging Markets HTML 230K Fund - I (Class I Shares) 27: R13 Risk/Return Detail Data- Alger Emerging Markets HTML 228K Fund - Z (Class Z Shares) 28: R14 Risk/Return Detail Data HTML 17K 29: XML IDEA XML File -- Filing Summary XML 46K 32: XML XBRL Instance -- d749091d485bpos_htm XML 1.42M 3: EX-101.CAL XBRL Calculations -- af-20240227_cal XML 22K 4: EX-101.DEF XBRL Definitions -- af-20240227_def XML 2.67M 5: EX-101.LAB XBRL Labels -- af-20240227_lab XML 537K 6: EX-101.PRE XBRL Presentations -- af-20240227_pre XML 2.52M 2: EX-101.SCH XBRL Schema -- af-20240227 XSD 65K 30: JSON XBRL Instance as JSON Data -- MetaLinks 175± 500K 31: ZIP XBRL Zipped Folder -- 0001193125-24-047532-xbrl Zip 2.25M
Alger Funds II |
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 |
☒ |
Pre-Effective Amendment No. |
☐ |
Post-Effective Amendment No. 89 |
☒ |
and/or |
|
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940 |
☒ |
Amendment No. 102 |
☒ |
(Check appropriate box or boxes) |
|
(Address of Principal Executive Offices) |
(Zip Code) |
Tina Payne, Esq. Fred Alger Management, LLC 100 Pearl Street, 27th Floor (Name and Address of Agent for Service) |
☐ |
immediately upon filing pursuant to paragraph (b) |
☒ |
|
☐ |
60 days after filing pursuant to paragraph (a) |
☐ |
on (date) pursuant to paragraph (a) |
☐ |
75 days after filing pursuant to paragraph (a)(2) |
☐ |
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 |
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Back Cover:For Fund Information |
|
Class A |
Class C |
Maximum sales charge (load) imposed on purchases as a % of offering price |
i 5.25% |
i None |
Maximum deferred sales charge (load) as a % of purchase price or redemption proceeds, whichever is lower |
i None* |
i 1.00% |
|
Class A |
Class C |
Advisory Fees** |
i .85% |
i .85% |
Distribution and/or Service (12b-1) Fees |
i .25% |
i 1.00% |
Other Expenses*** |
i .40% |
i .44% |
Total Annual Fund Operating Expenses |
i 1.50% |
i 2.29% |
|
1 Year |
3 Years |
5 Years |
10 Years |
Class A |
$ i 670 |
$ i 974 |
$ i 1,300 |
$ i 2,221 |
Class C |
$ i 332 |
$ i 715 |
$ i 1,225 |
$ i 2,625 |
|
1 Year |
3 Years |
5 Years |
10 Years |
Class C |
$ i 232 |
$ i 715 |
$ i 1,225 |
$ i 2,625 |
i i Best Quarter: / |
i Q2 2020 |
i 29.93% |
i Worst Quarter: |
i Q2 2022 |
- i 23.94% |
|
1 Year |
5 Years |
10 Years |
Inception Date |
Class A |
|
|
|
i 7/28/69 |
Return Before Taxes |
i 33.94% |
i 11.49% |
i 10.38% |
|
Return After Taxes on Distributions |
i 33.94% |
i 9.16% |
i 8.20% |
|
Return After Taxes on Distributions and Sale of Fund Shares |
i 20.09% |
i 9.25% |
i 8.17% |
|
Class C |
|
|
|
i 9/24/08 |
Return Before Taxes |
i 39.21% |
i 11.84% |
i 10.14% |
|
Russell 3000 Growth Index (reflects no deductions for fees, expenses or taxes) |
i 41.21% |
i 18.85% |
i 14.33% |
|
Investment Manager |
Portfolio Managers Jointly and Primarily Responsible for Day-to-Day Management of the Fund |
Fred Alger Management, LLC |
Dan C. Chung, CFA Chief Executive Officer, Chief Investment Officer and Portfolio Manager Since February 2021 |
Patrick Kelly, CFA Executive Vice President, Head of Alger Capital Appreciation and Spectra Strategies and Portfolio Manager Since September 2004 | |
Ankur Crawford, Ph.D. Executive Vice President and Portfolio Manager From June 2015 to February 2021; and From March 2021 to Present |
Type of Account |
Initial Investment |
Subsequent Investment |
Regular account |
$1,000 |
$50 |
Retirement Accounts (including IRAs) |
500 |
50 |
Automatic Investment |
500 |
50 |
Asset-based Fee Program Accounts |
250 |
50 |
|
Class A |
Class C |
Maximum sales charge (load) imposed on purchases as a % of offering price |
i 5.25% |
i None |
Maximum deferred sales charge (load) as a % of purchase price or redemption proceeds, whichever is lower |
i None* |
i 1.00% |
|
Class A |
Class C |
Advisory Fees** |
i .71% |
i .71% |
Distribution and/or Service (12b-1) Fees |
i .25% |
i 1.00% |
Other Expenses |
i .38% |
i .41% |
Total Annual Fund Operating Expenses |
i 1.34%*** |
i 2.12% |
Fee Waiver and/or Expense Reimbursement |
( i .25)%**** |
|
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement |
i 1.09% |
|
|
1 Year |
3 Years |
5 Years |
10 Years |
Class A |
$ i 630 |
$ i 888 |
$ i 1,182 |
$ i 2,018 |
Class C |
$ i 315 |
$ i 664 |
$ i 1,139 |
$ i 2,452 |
|
1 Year |
3 Years |
5 Years |
10 Years |
Class C |
$ i 215 |
$ i 664 |
$ i 1,139 |
$ i 2,452 |
i i Best Quarter: / |
i Q2 2020 |
i 27.69% |
i Worst Quarter: |
i Q2 2022 |
- i 21.27% |
|
1 Year |
5 Years |
10 Years |
Inception Date |
Class A |
|
|
|
i 12/4/00 |
Return Before Taxes |
i 29.50% |
i 15.09% |
i 10.74% |
|
Return After Taxes on Distributions |
i 28.55% |
i 13.68% |
i 9.33% |
|
Return After Taxes on Distributions and Sale of Fund Shares |
i 18.02% |
i 12.00% |
i 8.48% |
|
Class C |
|
|
|
i 9/24/08 |
Return Before Taxes |
i 34.68% |
i 15.44% |
i 10.46% |
|
Russell 1000 Growth Index (reflects no deductions for fees, expenses or taxes) |
i 42.68% |
i 19.50% |
i 14.86% |
|
Investment Manager |
Portfolio Manager Primarily Responsible for Day-to-Day Management of the Fund |
Fred Alger Management, LLC |
Gregory S. Adams, CFA Senior Vice President, Director of Quantitative & Risk Management and Portfolio Manager Since 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 |
|
Class A |
Class C |
Maximum sales charge (load) imposed on purchases as a % of offering price |
i 5.25% |
i None |
Maximum deferred sales charge (load) as a % of purchase price or redemption proceeds, whichever is lower |
i None* |
i 1.00% |
|
Class A |
Class C |
Advisory Fees** |
i 1.20% |
i 1.20% |
Distribution and/or Service (12b-1) Fees |
i .25% |
i 1.00% |
Other Expenses*** |
i .60% |
i .62% |
Total Annual Fund Operating Expenses**** |
i 2.05% |
i 2.82% |
|
1 Year |
3 Years |
5 Years |
10 Years |
Class A |
$ i 722 |
$ i 1,134 |
$ i 1,570 |
$ i 2,779 |
Class C |
$ i 385 |
$ i 874 |
$ i 1,489 |
$ i 3,147 |
|
1 Year |
3 Years |
5 Years |
10 Years |
Class C |
$ i 285 |
$ i 874 |
$ i 1,489 |
$ i 3,147 |
i i Best Quarter: / |
i Q2 2020 |
i 19.60% |
i Worst Quarter: |
i Q4 2018 |
- i 15.07% |
|
1 Year |
5 Years |
10 Years |
Inception Date |
Class A |
|
|
|
i 11/2/09 |
Return Before Taxes |
- i 1.22% |
i 7.98% |
i 5.87% |
|
Return After Taxes on Distributions |
- i 1.22% |
i 7.18% |
i 5.04% |
|
Return After Taxes on Distributions and Sale of Fund Shares |
- i 0.72% |
i 6.20% |
i 4.52% |
|
Class C |
|
|
|
i 12/29/10 |
Return Before Taxes |
i 2.45% |
i 8.34% |
i 5.64% |
|
S&P 500 Index (reflects no deductions for fees, expenses or taxes) |
i 26.29% |
i 15.69% |
i 12.03% |
|
HFRI Equity Hedge (Total) Index (reflects no deductions for fees, expenses or taxes) |
i 10.44% |
i 8.24% |
i 5.21% |
|
Investment Manager |
Portfolio Managers Jointly and Primarily Responsible for Day-to-Day Management of the Fund |
Fred Alger Management, LLC |
Dan C. Chung, CFA Chief Executive Officer, Chief Investment Officer and Portfolio Manager Since Inception (November 2009) |
Gregory S. Adams, CFA Senior Vice President, Director of Quantitative & Risk Management and Portfolio Manager Since Inception (November 2009) | |
George Ortega Senior Vice President, Senior Analyst and Portfolio Manager Since January 2024 |
Sub-Adviser |
|
Weatherbie Capital, LLC* |
H. George Dai, Ph.D. Chief Investment Officer and Senior Portfolio Manager Since March 2017 |
Joshua D. Bennett, CFA Chief Operating Officer and Senior Portfolio Manager Since March 2017 | |
Daniel J. Brazeau, CFA Senior Managing Director and Portfolio Manager Since March 2017 |
Type of Account |
Initial Investment |
Subsequent Investment |
Regular account |
$1,000 |
$50 |
Retirement Accounts (including IRAs) |
500 |
50 |
Automatic Investment |
500 |
50 |
Asset-based Fee Program Accounts |
250 |
50 |
|
Class A |
Class C |
Maximum sales charge (load) imposed on purchases as a % of offering price |
i 5.25% |
i None |
Maximum deferred sales charge (load) as a % of purchase price or redemption proceeds, whichever is lower |
i None* |
i 1.00% |
|
Class A |
Class C |
Advisory Fees |
i .75% |
i .75% |
Distribution and/or Service (12b-1) Fees |
i .25% |
i 1.00% |
Other Expenses |
i 1.11% |
i 1.15% |
Total Annual Fund Operating Expenses |
i 2.11% |
i 2.90% |
Fee Waiver and/or Expense Reimbursement** |
( i .54)% |
( i .58)% |
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement |
i 1.57% |
i 2.32% |
|
1 Year |
3 Years |
5 Years |
10 Years |
Class A |
$ i 676 |
$ i 1,067 |
$ i 1,519 |
$ i 2,769 |
Class C |
$ i 335 |
$ i 805 |
$ i 1,441 |
$ i 3,153 |
|
1 Year |
3 Years |
5 Years |
10 Years |
Class C |
$ i 235 |
$ i 805 |
$ i 1,441 |
$ i 3,153 |
i i Best Quarter: / |
i Q2 2020 |
i 27.05% |
i Worst Quarter: |
i Q1 2020 |
- i 20.12% |
|
1 Year |
5 Years |
10 Years |
Inception Date |
Class A |
|
|
|
i 12/29/10 |
Return Before Taxes |
i 7.45% |
i 3.36% |
i 1.41% |
|
Return After Taxes on Distributions |
i 7.45% |
i 2.88% |
i 0.92% |
|
Return After Taxes on Distributions and Sale of Fund Shares |
i 4.41% |
i 2.45% |
i 0.90% |
|
Class C |
|
|
|
i 12/29/10 |
Return Before Taxes |
i 11.47% |
i 3.68% |
i 1.17% |
|
MSCI Emerging Markets Index (reflects no deductions for fees, expenses or taxes) |
i 10.27% |
i 4.07% |
i 3.05% |
|
Investment Manager |
Portfolio Managers Jointly and Primarily Responsible for Day-to-Day Management of the Fund |
Fred Alger Management, LLC |
|
Sub-Adviser |
|
Redwood Investments, LLC* |
Michael Mufson, CFA Co-Founder, Co-Chief Investment Officer and Managing Partner Since February 2024 |
Ezra Samet, CFA Portfolio Manager and Analyst Since February 2024 | |
Donald Smith, CFA Portfolio Manager and Analyst Since February 2024 |
Type of Account |
Initial Investment |
Subsequent Investment |
Regular account |
$1,000 |
$50 |
Retirement Accounts (including IRAs) |
500 |
50 |
Automatic Investment |
500 |
50 |
Asset-based Fee Program Accounts |
250 |
50 |
Fund |
Annual Fee as a Percentage of Average Daily Net Assets |
Actual Rate |
Alger Spectra Fund |
.90% for assets up to $2 billion; .75% for assets between $2 billion and $4 billion; .65% for assets between $4 billion and $6 billion; .55% for assets between $6 billion and $8 billion; .45% for assets in excess of $8 billion |
.85% |
Alger Responsible Investing Fund |
.71% for assets up to $1 billion; .65% for assets in excess of $1 billion |
.71% |
Alger Dynamic Opportunities Fund |
1.20% for assets up to $1 billion; 1.00% for assets in excess of $1 billion |
1.20% |
Alger Emerging Markets Fund |
.75% |
.75% |
Fund |
Portfolio Manager(s) |
Since |
Alger Spectra Fund |
Dan C. Chung, CFA Patrick Kelly, CFA Ankur Crawford, Ph.D. |
February 2021 September 2004 June 2015 to February 2021; and March 2021 to Present |
Alger Responsible Investing Fund |
Gregory S. Adams, CFA |
December 2016 |
Alger Dynamic Opportunities Fund |
Dan C. Chung, CFA Gregory S. Adams, CFA George Ortega H. George Dai, Ph.D. Joshua D. Bennett, CFA Daniel J. Brazeau, CFA |
Inception (November 2009) Inception (November 2009) January 2024 March 2017 March 2017 March 2017 |
Alger Emerging Markets Fund |
Michael Mufson, CFA Ezra Samet, CFA Donald Smith, CFA |
February 2024 February 2024 February 2024 |
|
Class A |
Class C |
Availability |
Generally available for purchase directly from the Fund via: - Mail: Alger Family of Funds, c/o UMB Fund Services, Inc., - Online: www.alger.com - Telephone: 1 (800)
992-3863 Generally available through financial intermediaries. |
Generally available through financial intermediaries and group retirement plan recordkeeping platforms |
Minimum Investment |
Initial Investments Regular Account: $1,000 Retirement Accounts (including IRAs): $500 Automatic Investment: $500 Asset-based Fee Program Accounts: $250 Subsequent Investments $50 for all accounts |
Initial Investments Regular Account: $1,000 Retirement Accounts (including IRAs): $500 Automatic Investment: $500 Asset-based Fee Program Accounts: $250 Subsequent Investments $50 for all accounts |
Maximum Investment |
None |
$999,999 |
Initial Sales Charge? |
Yes. Payable at time of purchase. Lower sales charges are available for larger investments. |
No. Entire purchase price is invested in shares of the Fund. |
Deferred Sales Charge? |
No. (May be charged for purchases of $1 million or more that are redeemed within 12 months). |
Yes. Payable if you redeem within one year of purchase. |
Distribution and/or Service (12b-1) Fees? |
0.25% |
1.00% |
Redemption Fees? |
No. |
No. |
Conversion to Class A Shares? |
N/A |
Yes, automatically on the fifth business day of the month following the eighth anniversary of the purchase date. It is a financial intermediary’s responsibility to ensure that the shareholder is credited with the proper holding period. Certain financial intermediaries who hold Class C shares in an omnibus account for shareholders of group retirement plans may not track participant level aging of shares and therefore these shares may not be eligible for an automatic conversion. Shareholders
who purchased Class C shares through certain financial intermediaries or group retirement plan recordkeeping platforms or whose shares are held in an omnibus account may not be eligible to participate in such Class C share conversions. |
Purchase Amount |
Sales Charge as a % of Offering Price |
Sales Charge as a % of Net Asset Value |
Dealer Allowance as a % of Offering Price |
Less than $25,000 |
5.25% |
5.54% |
5.00% |
$25,000 - $49,999 |
4.50% |
4.71% |
4.25% |
$50,000 - $99,999 |
4.00% |
4.17% |
3.75% |
$100,000 - $249,999 |
3.50% |
3.63% |
3.25% |
$250,000 - $499,999 |
2.50% |
2.56% |
2.25% |
$500,000 - $749,999 |
2.00% |
2.04% |
1.75% |
$750,000 - $999,999 |
1.50% |
1.52% |
1.25% |
$1,000,000 and over |
* |
* |
1.00% |
|
Initial Investment |
Subsequent Investment |
Regular account |
$1,000 |
$50 |
Retirement Accounts (including IRAs) |
500 |
50 |
Automatic Investment |
500 |
50 |
Asset-based Fee Program Accounts |
250 |
50 |
Years Shares Were Held |
Contingent Deferred Sales Charge (CDSC) |
Less than one |
1% |
One or more |
0% |
|
Initial Investment |
Subsequent Investment |
Regular account |
$1,000 |
$50 |
Retirement Accounts (including IRAs) |
500 |
50 |
Automatic Investment |
500 |
50 |
Asset-based Fee Program Accounts |
250 |
50 |
Class A |
Year 1 |
Year 2 |
Year 3 |
Year 4 |
Year 5 |
Year 6 |
Year 7 |
Year 8 |
Year 9 |
Year 10 |
Expense Ratio |
1.50% |
1.50% |
1.50% |
1.50% |
1.50% |
1.50% |
1.50% |
1.50% |
1.50% |
1.50% |
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 |
-1.75% |
1.69% |
5.25% |
8.93% |
12.74% |
16.69% |
20.77% |
25.00% |
29.38% |
33.90% |
End Investment Balance |
$9,807 |
$10,150 |
$10,505 |
$10,873 |
$11,253 |
$11,647 |
$12,055 |
$12,477 |
$12,913 |
$13,365 |
Annual Expense |
$670 |
$150 |
$155 |
$160 |
$166 |
$172 |
$178 |
$184 |
$190 |
$197 |
Class C |
Year 1 |
Year 2 |
Year 3 |
Year 4 |
Year 5 |
Year 6 |
Year 7 |
Year 8 |
Year 9 |
Year 10 |
Expense Ratio |
2.29% |
2.29% |
2.29% |
2.29% |
2.29% |
2.29% |
2.29% |
2.29% |
2.29% |
2.29% |
Cumulative Gross Return |
5.00% |
10.25% |
15.76% |
21.55% |
27.63% |
34.01% |
40.71% |
47.75% |
55.13% |
62.89% |
Cumulative Net Return |
2.71% |
5.49% |
8.35% |
11.29% |
14.30% |
17.40% |
20.58% |
23.85% |
27.21% |
30.66% |
End Investment Balance |
$10,271 |
$10,549 |
$10,835 |
$11,129 |
$11,430 |
$11,740 |
$12,058 |
$12,385 |
$12,721 |
$13,066 |
Annual Expense |
$232 |
$238 |
$245 |
$251 |
$258 |
$265 |
$272 |
$280 |
$287 |
$295 |
Class A |
Year 1 |
Year 2 |
Year 3 |
Year 4 |
Year 5 |
Year 6 |
Year 7 |
Year 8 |
Year 9 |
Year 10 |
Expense Ratio |
1.09% |
1.34% |
1.34% |
1.34% |
1.34% |
1.34% |
1.34% |
1.34% |
1.34% |
1.34% |
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 |
-1.34% |
2.44% |
6.18% |
10.07% |
14.10% |
18.28% |
22.60% |
27.09% |
31.74% |
36.57% |
End Investment Balance |
$9,845 |
$10,222 |
$10,596 |
$10,984 |
$11,386 |
$11,803 |
$12,235 |
$12,683 |
$13,147 |
$13,628 |
Annual Expense |
$630 |
$118 |
$139 |
$145 |
$150 |
$155 |
$161 |
$167 |
$173 |
$179 |
Class C |
Year 1 |
Year 2 |
Year 3 |
Year 4 |
Year 5 |
Year 6 |
Year 7 |
Year 8 |
Year 9 |
Year 10 |
Expense Ratio |
2.12% |
2.12% |
2.12% |
2.12% |
2.12% |
2.12% |
2.12% |
2.12% |
2.12% |
2.12% |
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 |
2.88% |
5.84% |
8.89% |
12.03% |
15.25% |
18.57% |
21.99% |
25.50% |
29.12% |
32.83% |
End Investment Balance |
$10,288 |
$10,584 |
$10,889 |
$11,203 |
$11,525 |
$11,857 |
$12,199 |
$12,550 |
$12,912 |
$13,283 |
Annual Expense |
$215 |
$221 |
$228 |
$234 |
$241 |
$248 |
$255 |
$262 |
$270 |
$278 |
Class A |
Year 1 |
Year 2 |
Year 3 |
Year 4 |
Year 5 |
Year 6 |
Year 7 |
Year 8 |
Year 9 |
Year 10 |
Expense Ratio |
2.05% |
2.05% |
2.05% |
2.05% |
2.05% |
2.05% |
2.05% |
2.05% |
2.05% |
2.05% |
Cumulative Gross Return |
5.00% |
10.25% |
15.76% |
21.55% |
27.63% |
34.01% |
40.71% |
47.75% |
55.13% |
62.89% |
Cumulative Net Return |
-2.30% |
0.58% |
3.55% |
6.60% |
9.75% |
12.99% |
16.32% |
19.75% |
23.28% |
26.92% |
End Investment Balance |
$9,755 |
$10,042 |
$10,339 |
$10,644 |
$10,957 |
$11,281 |
$11,614 |
$11,956 |
$12,309 |
$12,672 |
Annual Expense |
$722 |
$203 |
$209 |
$215 |
$221 |
$228 |
$235 |
$242 |
$249 |
$256 |
Class C |
Year 1 |
Year 2 |
Year 3 |
Year 4 |
Year 5 |
Year 6 |
Year 7 |
Year 8 |
Year 9 |
Year 10 |
Expense Ratio |
2.82% |
2.82% |
2.82% |
2.82% |
2.82% |
2.82% |
2.82% |
2.82% |
2.82% |
2.82% |
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 |
2.18% |
4.41% |
6.68% |
9.01% |
11.39% |
13.81% |
16.30% |
18.83% |
21.42% |
24.07% |
End Investment Balance |
$10,218 |
$10,441 |
$10,668 |
$10,901 |
$11,139 |
$11,381 |
$11,630 |
$11,883 |
$12,142 |
$12,407 |
Annual Expense |
$285 |
$291 |
$298 |
$304 |
$311 |
$318 |
$324 |
$332 |
$339 |
$346 |
Class A |
Year 1 |
Year 2 |
Year 3 |
Year 4 |
Year 5 |
Year 6 |
Year 7 |
Year 8 |
Year 9 |
Year 10 |
Expense Ratio |
1.57% |
2.11% |
2.11% |
2.11% |
2.11% |
2.11% |
2.11% |
2.11% |
2.11% |
2.11% |
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 |
-1.82% |
1.37% |
4.30% |
7.31% |
10.42% |
13.61% |
16.89% |
20.27% |
23.74% |
27.32% |
End Investment Balance |
$9,800 |
$10,118 |
$10,411 |
$10,712 |
$11,021 |
$11,340 |
$11,668 |
$12,005 |
$12,352 |
$12,709 |
Annual Expense |
$676 |
$174 |
$217 |
$223 |
$229 |
$236 |
$243 |
$250 |
$257 |
$264 |
Class C |
Year 1 |
Year 2 |
Year 3 |
Year 4 |
Year 5 |
Year 6 |
Year 7 |
Year 8 |
Year 9 |
Year 10 |
Expense Ratio |
2.32% |
2.90% |
2.90% |
2.90% |
2.90% |
2.90% |
2.90% |
2.90% |
2.90% |
2.90% |
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 |
2.68% |
5.23% |
7.44% |
9.70% |
12.00% |
14.36% |
16.76% |
19.21% |
21.71% |
24.27% |
End Investment Balance |
$10,268 |
$10,523 |
$10,744 |
$10,970 |
$11,200 |
$11,436 |
$11,676 |
$11,921 |
$12,171 |
$12,427 |
Annual Expense |
$235 |
$261 |
$308 |
$315 |
$321 |
$328 |
$335 |
$342 |
$349 |
$357 |
Alger Spectra Fund Class A |
Year ended 10/31/23 |
Year ended 10/31/22 |
Year ended 10/31/21 |
Year ended 10/31/20 |
Year ended 10/31/19 |
Net asset value, beginning of period |
$15.83 |
$35.36 |
$28.24 |
$22.51 |
$21.94 |
Income from Investment Operations: |
|
|
|
|
|
Net investment loss (i) |
(0.14) |
(0.17) |
(0.31) |
(0.16) |
(0.07) |
Net realized and unrealized gain (loss) on investments |
2.37 |
(10.93) |
10.14 |
7.51 |
2.84 |
Total from investment operations |
2.23 |
(11.10) |
9.83 |
7.35 |
2.77 |
Distributions from net realized gains |
(0.39) |
(8.43) |
(2.71) |
(1.62) |
(2.20) |
Net asset value, end of period |
$17.67 |
$15.83 |
$35.36 |
$28.24 |
$22.51 |
Total return (ii) |
14.56% |
(39.87)% |
36.80% |
34.65% |
14.82% |
Ratios/Supplemental Data: |
|
|
|
|
|
Net assets, end of period (000's omitted) |
$923,332 |
$957,092 |
$1,985,099 |
$1,568,743 |
$1,222,285 |
Ratio of gross expenses to average net assets |
1.50%(iii) |
1.51%(iv) |
1.39%(v) |
1.40%(vi) |
1.31%(vii) |
Ratio of net expenses to average net assets |
1.50% |
1.51% |
1.39% |
1.40% |
1.31% |
Ratio of net investment loss to average net assets |
(0.83)% |
(0.82)% |
(0.98)% |
(0.66)% |
(0.35)% |
Portfolio turnover rate |
59.63% |
216.84% |
108.48% |
71.81% |
86.54% |
Alger Spectra Fund Class C |
Year ended 10/31/23 |
Year ended 10/31/22 |
Year ended 10/31/21 |
Year ended 10/31/20 |
Year ended 10/31/19 |
Net asset value, beginning of period |
$12.86 |
$30.60 |
$24.94 |
$20.20 |
$20.06 |
Income from Investment Operations: |
|
|
|
|
|
Net investment loss (i) |
(0.22) |
(0.27) |
(0.47) |
(0.30) |
(0.21) |
Net realized and unrealized gain (loss) on investments |
1.90 |
(9.04) |
8.84 |
6.66 |
2.55 |
Total from investment operations |
1.68 |
(9.31) |
8.37 |
6.36 |
2.34 |
Distributions from net realized gains |
(0.39) |
(8.43) |
(2.71) |
(1.62) |
(2.20) |
Net asset value, end of period |
$14.15 |
$12.86 |
$30.60 |
$24.94 |
$20.20 |
Total return (ii) |
13.61% |
(40.30)% |
35.79% |
33.60% |
13.97% |
Ratios/Supplemental Data: |
|
|
|
|
|
Net assets, end of period (000's omitted) |
$175,043 |
$243,462 |
$656,004 |
$651,194 |
$681,792 |
Ratio of gross expenses to average net assets |
2.29%(iii) |
2.27%(iv) |
2.16%(v) |
2.15%(vi) |
2.07%(vii) |
Ratio of net expenses to average net assets |
2.29% |
2.27% |
2.16% |
2.15% |
2.07% |
Ratio of net investment loss to average net assets |
(1.60)% |
(1.59)% |
(1.73)% |
(1.39)% |
(1.10)% |
Portfolio turnover rate |
59.63% |
216.84% |
108.48% |
71.81% |
86.54% |
Alger Responsible Investing Fund Class A |
Year ended 10/31/23 |
Year ended 10/31/22 |
Year ended 10/31/21 |
Year ended 10/31/20 |
Year ended 10/31/19 |
Net asset value, beginning of period |
$11.55 |
$17.71 |
$13.60 |
$11.38 |
$10.60 |
Income from Investment Operations: |
|
|
|
|
|
Net investment loss (i) |
(0.04) |
(0.07) |
(0.08) |
(0.05) |
(0.01) |
Net realized and unrealized gain (loss) on investments |
2.08 |
(4.71) |
5.23 |
3.13 |
1.43 |
Total from investment operations |
2.04 |
(4.78) |
5.15 |
3.08 |
1.42 |
Distributions from net realized gains |
(0.09) |
(1.38) |
(1.04) |
(0.86) |
(0.64) |
Net asset value, end of period |
$13.50 |
$11.55 |
$17.71 |
$13.60 |
$11.38 |
Total return (ii) |
17.80% |
(29.27)% |
39.80% |
28.64% |
14.81% |
Ratios/Supplemental Data: |
|
|
|
|
|
Net assets, end of period (000's omitted) |
$39,957 |
$35,237 |
$51,634 |
$38,192 |
$29,932 |
Ratio of gross expenses to average net assets |
1.34% |
1.36% |
1.27% |
1.36% |
1.40% |
Ratio of expense reimbursements to average net assets |
— |
— |
— |
(0.02)% |
(0.05)% |
Ratio of net expenses to average net assets |
1.34% |
1.36% |
1.27% |
1.34% |
1.35% |
Ratio of net investment loss to average net assets |
(0.34)% |
(0.53)% |
(0.52)% |
(0.43)% |
(0.12)% |
Portfolio turnover rate |
7.98% |
14.55% |
11.07% |
11.73% |
14.64% |
Alger Responsible Investing Fund Class C |
Year ended 10/31/23 |
Year ended 10/31/22 |
Year ended 10/31/21 |
Year ended 10/31/20 |
Year ended 10/31/19 |
Net asset value, beginning of period |
$9.76 |
$15.30 |
$11.95 |
$10.18 |
$9.62 |
Income from Investment Operations: |
|
|
|
|
|
Net investment loss (i) |
(0.12) |
(0.15) |
(0.17) |
(0.13) |
(0.09) |
Net realized and unrealized gain (loss) on investments |
1.76 |
(4.01) |
4.56 |
2.76 |
1.29 |
Total from investment operations |
1.64 |
(4.16) |
4.39 |
2.63 |
1.20 |
Distributions from net realized gains |
(0.09) |
(1.38) |
(1.04) |
(0.86) |
(0.64) |
Net asset value, end of period |
$11.31 |
$9.76 |
$15.30 |
$11.95 |
$10.18 |
Total return (ii) |
16.96% |
(29.87)% |
38.87% |
27.53% |
13.97% |
Ratios/Supplemental Data: |
|
|
|
|
|
Net assets, end of period (000's omitted) |
$1,868 |
$2,709 |
$5,150 |
$5,368 |
$5,369 |
Ratio of gross expenses to average net assets |
2.12% |
2.09% |
2.03% |
2.11% |
2.16% |
Ratio of net expenses to average net assets |
2.12% |
2.09% |
2.03% |
2.11% |
2.16% |
Ratio of net investment loss to average net assets |
(1.11)% |
(1.27)% |
(1.27)% |
(1.19)% |
(0.92)% |
Portfolio turnover rate |
7.98% |
14.55% |
11.07% |
11.73% |
14.64% |
Alger Dynamic Opportunities Fund Class A |
Year ended 10/31/23 |
Year ended 10/31/22 |
Year ended 10/31/21 |
Year ended 10/31/20 |
Year ended 10/31/19 |
Net asset value, beginning of period |
$16.19 |
$22.29 |
$18.32 |
$13.91 |
$13.73 |
Income from Investment Operations: |
|
|
|
|
|
Net investment loss (i) |
(0.11) |
(0.25) |
(0.36) |
(0.22) |
(0.16) |
Net realized and unrealized gain (loss) on investments |
(0.77) |
(4.77) |
5.28 |
5.15 |
0.58 |
Total from investment operations |
(0.88) |
(5.02) |
4.92 |
4.93 |
0.42 |
Distributions from net realized gains |
— |
(1.08) |
(0.95) |
(0.52) |
(0.24) |
Net asset value, end of period |
$15.31 |
$16.19 |
$22.29 |
$18.32 |
$13.91 |
Total return (ii) |
(5.44)% |
(23.17)% |
27.82% |
36.67% |
3.26% |
Ratios/Supplemental Data: |
|
|
|
|
|
Net assets, end of period (000's omitted) |
$37,893 |
$60,116 |
$103,684 |
$60,793 |
$32,011 |
Ratio of gross expenses to average net assets |
2.05%(iii) |
2.77%(iv) |
2.52%(v) |
2.81%(vi) |
2.49%(vii) |
Ratio of expense reimbursements to average net assets |
— |
(0.77)% |
(0.52)% |
(0.80)% |
(0.32)% |
Ratio of net expenses to average net assets |
2.05% |
2.00% |
2.00% |
2.01% |
2.17% |
Ratio of net investment loss to average net assets |
(0.69)% |
(1.45)% |
(1.77)% |
(1.41)% |
(1.12)% |
Portfolio turnover rate |
350.56% |
334.12% |
161.76% |
249.71% |
264.04% |
Alger Dynamic Opportunities Fund Class C |
Year ended 10/31/23 |
Year ended 10/31/22 |
Year ended 10/31/21 |
Year ended 10/31/20 |
Year ended 10/31/19 |
Net asset value, beginning of period |
$14.44 |
$20.15 |
$16.77 |
$12.87 |
$12.81 |
Income from Investment Operations: |
|
|
|
|
|
Net investment loss (i) |
(0.21) |
(0.34) |
(0.47) |
(0.30) |
(0.25) |
Net realized and unrealized gain (loss) on investments |
(0.68) |
(4.29) |
4.80 |
4.72 |
0.55 |
Total from investment operations |
(0.89) |
(4.63) |
4.33 |
4.42 |
0.30 |
Distributions from net realized gains |
— |
(1.08) |
(0.95) |
(0.52) |
(0.24) |
Net asset value, end of period |
$13.55 |
$14.44 |
$20.15 |
$16.77 |
$12.87 |
Total return (ii) |
(6.16)% |
(23.73)% |
26.83% |
35.64% |
2.55% |
Ratios/Supplemental Data: |
|
|
|
|
|
Net assets, end of period (000's omitted) |
$9,030 |
$12,462 |
$17,998 |
$10,472 |
$7,071 |
Ratio of gross expenses to average net assets |
2.82%(iii) |
3.53%(iv) |
3.27%(v) |
3.55%(vi) |
3.25%(vii) |
Ratio of expense reimbursements to average net assets |
— |
(0.78)% |
(0.52)% |
(0.80)% |
(0.32)% |
Ratio of net expenses to average net assets |
2.82% |
2.75% |
2.75% |
2.75% |
2.93% |
Ratio of net investment loss to average net assets |
(1.45)% |
(2.20)% |
(2.52)% |
(2.07)% |
(1.88)% |
Portfolio turnover rate |
350.56% |
334.12% |
161.76% |
249.71% |
264.04% |
Alger Emerging Markets Fund Class A |
Year ended 10/31/23 |
Year ended 10/31/22 |
Year ended 10/31/21 |
Year ended 10/31/20 |
Year ended 10/31/19 |
Net asset value, beginning of period |
$8.41 |
$14.13 |
$11.71 |
$9.80 |
$8.77 |
Income from Investment Operations: |
|
|
|
|
|
Net investment income (loss) (i) |
(0.01) |
(0.03) |
(0.09) |
(0.06) |
0.03 |
Net realized and unrealized gain (loss) on investments |
0.54 |
(5.42) |
2.51 |
2.45 |
1.18 |
Total from investment operations |
0.53 |
(5.45) |
2.42 |
2.39 |
1.21 |
Dividends from net investment income |
— |
—(ii) |
— |
(0.48) |
(0.18) |
Distributions from net realized gains |
— |
(0.27) |
— |
— |
— |
Net asset value, end of period |
$8.94 |
$8.41 |
$14.13 |
$11.71 |
$9.80 |
Total return (iii) |
6.30% |
(39.27)% |
20.67% |
25.15% |
14.13% |
Ratios/Supplemental Data: |
|
|
|
|
|
Net assets, end of period (000's omitted) |
$3,154 |
$3,375 |
$6,331 |
$3,320 |
$3,942 |
Ratio of gross expenses to average net assets |
2.11% |
1.80% |
1.65% |
2.25% |
2.22% |
Ratio of expense reimbursements to average net assets |
(0.54)% |
(0.25)% |
(0.10)% |
(0.72)% |
(0.69)% |
Ratio of net expenses to average net assets |
1.57% |
1.55% |
1.55% |
1.53% |
1.53% |
Ratio of net investment income (loss) to average net assets |
(0.11)% |
(0.30)% |
(0.60)% |
(0.61)% |
0.35% |
Portfolio turnover rate |
109.60% |
112.35% |
83.30% |
184.74% |
80.33% |
Alger Emerging Markets Fund Class C |
Year ended 10/31/23 |
Year ended 10/31/22 |
Year ended 10/31/21 |
Year ended 10/31/20 |
Year ended 10/31/19 |
Net asset value, beginning of period |
$7.89 |
$13.36 |
$11.16 |
$9.35 |
$8.36 |
Income from Investment Operations: |
|
|
|
|
|
Net investment loss (i) |
(0.07) |
(0.11) |
(0.18) |
(0.13) |
(0.03) |
Net realized and unrealized gain (loss) on investments |
0.50 |
(5.09) |
2.38 |
2.33 |
1.13 |
Total from investment operations |
0.43 |
(5.20) |
2.20 |
2.20 |
1.10 |
Dividends from net investment income |
— |
— |
— |
(0.39) |
(0.11) |
Distributions from net realized gains |
— |
(0.27) |
— |
— |
— |
Net asset value, end of period |
$8.32 |
$7.89 |
$13.36 |
$11.16 |
$9.35 |
Total return (ii) |
5.45% |
(39.68)% |
19.71% |
24.19% |
13.34% |
Ratios/Supplemental Data: |
|
|
|
|
|
Net assets, end of period (000's omitted) |
$1,145 |
$1,369 |
$3,016 |
$2,658 |
$2,782 |
Ratio of gross expenses to average net assets |
2.90% |
2.57% |
2.45% |
3.02% |
2.98% |
Ratio of expense reimbursements to average net assets |
(0.58)% |
(0.27)% |
(0.15)% |
(0.72)% |
(0.70)% |
Ratio of net expenses to average net assets |
2.32% |
2.30% |
2.30% |
2.30% |
2.28% |
Ratio of net investment loss to average net assets |
(0.86)% |
(1.05)% |
(1.35)% |
(1.36)% |
(0.35)% |
Portfolio turnover rate |
109.60% |
112.35% |
83.30% |
184.74% |
80.33% |
By Telephone: |
(800) 992-3863 |
By Mail: |
|
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 |
Z |
AZEMX |
|
Class I |
|
i None |
|
Class I |
Advisory Fees* |
i .85% |
Distribution and/or Service (12b-1) Fees |
i .25% |
Other Expenses** |
i .40% |
Total Annual Fund Operating Expenses |
i 1.50% |
|
1 Year |
3 Years |
5 Years |
10 Years |
Class I |
$ i 153 |
$ i 474 |
$ i 818 |
$ i 1,790 |
i i Best Quarter: / |
i Q2 2020 |
i 29.97% |
i Worst Quarter: |
i Q2 2022 |
- i 23.98% |
|
1 Year |
5 Years |
10 Years |
Inception Date |
Class I |
|
|
|
i 9/24/08 |
Return Before Taxes |
i 41.33% |
i 12.71% |
i 10.99% |
|
Return After Taxes on Distributions |
i 41.33% |
i 10.38% |
i 8.82% |
|
Return After Taxes on Distributions and Sale of Fund Shares |
i 24.47% |
i 10.27% |
i 8.71% |
|
Russell 3000 Growth Index (reflects no deductions for fees, expenses or taxes) |
i 41.21% |
i 18.85% |
i 14.33% |
|
Investment Manager |
Portfolio Managers Jointly and Primarily Responsible for Day-to-Day Management of the Fund |
Fred Alger Management, LLC |
Dan C. Chung, CFA Chief Executive Officer, Chief Investment Officer and Portfolio Manager Since February 2021 |
Patrick Kelly, CFA Executive Vice President, Head of Alger Capital Appreciation and Spectra Strategies and Portfolio Manager Since September 2004 | |
Ankur Crawford, Ph.D. Executive Vice President and Portfolio Manager From June 2015 to February 2021; and From March 2021 to Present |
|
Class Y |
|
i None |
|
Class Y |
Advisory Fees* |
i .85% |
Distribution and/or Service (12b-1) Fees |
i None |
Other Expenses** |
i .33% |
Total Annual Fund Operating Expenses |
i 1.18% |
Fee Waiver and/or Expense Reimbursement*** |
( i .05)% |
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement |
i 1.13% |
|
1 Year |
3 Years |
5 Years |
10 Years |
Class Y |
$ i 115 |
$ i 366 |
$ i 641 |
$ i 1,424 |
i i Best Quarter: / |
i Q2 2020 |
i 30.03% |
i Worst Quarter: |
i Q2 2022 |
- i 23.86% |
|
1 Year |
5 Years |
Since Inception |
Inception Date |
Class Y |
|
|
|
i 12/3/18 |
Return Before Taxes |
i 41.90% |
i 13.13% |
i 10.56% |
|
Return After Taxes on Distributions |
i 41.90% |
i 10.87% |
i 7.85% |
|
Return After Taxes on Distributions and Sale of Fund Shares |
i 24.80% |
i 10.60% |
i 8.26% |
|
Russell 3000 Growth Index (reflects no deductions for fees, expenses or taxes) |
i 41.21% |
i 18.85% |
i 16.07% |
|
Investment Manager |
Portfolio Managers Jointly and Primarily Responsible for Day-to-Day Management of the Fund |
Fred Alger Management, LLC |
Dan C. Chung, CFA Chief Executive Officer, Chief Investment Officer and Portfolio Manager Since February 2021 |
Patrick Kelly, CFA Executive Vice President, Head of Alger Capital Appreciation and Spectra Strategies and Portfolio Manager Since September 2004 | |
Ankur Crawford, Ph.D. Executive Vice President and Portfolio Manager From June 2015 to February 2021; and From March 2021 to Present |
|
Class Z |
|
i None |
|
Class Z |
Advisory Fees* |
i .85% |
Distribution and/or Service (12b-1) Fees |
i None |
Other Expenses** |
i .32% |
Total Annual Fund Operating Expenses*** |
i 1.17% |
|
1 Year |
3 Years |
5 Years |
10 Years |
Class Z |
$ i 119 |
$ i 372 |
$ i 644 |
$ i 1,420 |
i i Best Quarter: / |
i Q2 2020 |
i 30.06% |
i Worst Quarter: |
i Q2 2022 |
- i 23.90% |
|
1 Year |
5 Years |
10 Years |
Inception Date |
Class Z |
|
|
|
i 12/29/10 |
Return Before Taxes |
i 41.81% |
i 13.06% |
i 11.33% |
|
Return After Taxes on Distributions |
i 41.81% |
i 10.80% |
i 9.19% |
|
Return After Taxes on Distributions and Sale of Fund Shares |
i 24.75% |
i 10.54% |
i 8.99% |
|
Russell 3000 Growth Index (reflects no deductions for fees, expenses or taxes) |
i 41.21% |
i 18.85% |
i 14.33% |
|
Investment Manager |
Portfolio Managers Jointly and Primarily Responsible for Day-to-Day Management of the Fund |
Fred Alger Management, LLC |
Dan C. Chung, CFA Chief Executive Officer, Chief Investment Officer and Portfolio Manager Since February 2021 |
Patrick Kelly, CFA Executive Vice President, Head of Alger Capital Appreciation and Spectra Strategies and Portfolio Manager Since September 2004 | |
Ankur Crawford, Ph.D. Executive Vice President and Portfolio Manager From June 2015 to February 2021; and From March 2021 to Present |
|
Class I |
|
i None |
|
Class I |
Advisory Fees* |
i .71% |
Distribution and/or Service (12b-1) Fees |
i .25% |
Other Expenses |
i .39% |
Total Annual Fund Operating Expenses** |
i 1.35% |
Fee Waiver and/or Expense Reimbursement*** |
( i .26)% |
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement |
i 1.09% |
|
1 Year |
3 Years |
5 Years |
10 Years |
Class I |
$ i 111 |
$ i 384 |
$ i 697 |
$ i 1,585 |
i i Best Quarter: / |
i Q2 2020 |
i 27.65% |
i Worst Quarter: |
i Q2 2022 |
- i 21.31% |
|
1 Year |
5 Years |
10 Years |
Inception Date |
Class I |
|
|
|
i 9/24/08 |
Return Before Taxes |
i 36.74% |
i 16.35% |
i 11.34% |
|
Return After Taxes on Distributions |
i 35.74% |
i 14.92% |
i 9.92% |
|
Return After Taxes on Distributions and Sale of Fund Shares |
i 22.34% |
i 13.06% |
i 9.01% |
|
Russell 1000 Growth Index (reflects no deductions for fees, expenses or taxes) |
i 42.68% |
i 19.50% |
i 14.86% |
|
Investment Manager |
Portfolio Manager Primarily Responsible for Day-to-Day Management of the Fund |
Fred Alger Management, LLC |
Gregory S. Adams, CFA Senior Vice President, Director of Quantitative & Risk Management and Portfolio Manager Since December 2016 |
|
Class Z |
|
i None |
|
Class Z |
Advisory Fees* |
i .71% |
Distribution and/or Service (12b-1) Fees |
i None |
Other Expenses |
i .30% |
Total Annual Fund Operating Expenses |
i 1.01% |
Fee Waiver and/or Expense Reimbursement** |
( i .06)% |
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement |
i .95% |
|
1 Year |
3 Years |
5 Years |
10 Years |
Class Z |
$ i 97 |
$ i 311 |
$ i 548 |
$ i 1,227 |
i i Best Quarter: / |
i Q2 2020 |
i 27.70% |
i Worst Quarter: |
i Q2 2022 |
- i 21.19% |
|
1 Year |
5 Years |
Since Inception |
Inception Date |
Class Z |
|
|
|
i 10/14/16 |
Return Before Taxes |
i 37.22% |
i 16.79% |
i 15.34% |
|
Return After Taxes on Distributions |
i 36.26% |
i 15.40% |
i 13.48% |
|
Return After Taxes on Distributions and Sale of Fund Shares |
i 22.61% |
i 13.43% |
i 12.15% |
|
Russell 1000 Growth Index (reflects no deductions for fees, expenses or taxes) |
i 42.68% |
i 19.50% |
i 17.58% |
|
Investment Manager |
Portfolio Manager Primarily Responsible for Day-to-Day Management of the Fund |
Fred Alger Management, LLC |
Gregory S. Adams, CFA Senior Vice President, Director of Quantitative & Risk Management and Portfolio Manager Since December 2016 |
|
Class Z |
|
i None |
|
Class Z |
Advisory Fees* |
i 1.20% |
Distribution and/or Service (12b-1) Fees |
i None |
Other Expenses** |
i .53% |
Total Annual Fund Operating Expenses*** |
i 1.73% |
|
1 Year |
3 Years |
5 Years |
10 Years |
Class Z |
$ i 176 |
$ i 545 |
$ i 939 |
$ i 2,041 |
i i Best Quarter: / |
i Q2 2020 |
i 19.72% |
i Worst Quarter: |
i Q4 2018 |
- i 15.04% |
|
1 Year |
5 Years |
10 Years |
Inception Date |
Class Z |
|
|
|
i 12/29/10 |
Return Before Taxes |
i 4.54% |
i 9.46% |
i 6.75% |
|
Return After Taxes on Distributions |
i 4.54% |
i 8.68% |
i 5.93% |
|
Return After Taxes on Distributions and Sale of Fund Shares |
i 2.69% |
i 7.40% |
i 5.25% |
|
S&P 500 Index (reflects no deductions for fees, expenses or taxes) |
i 26.29% |
i 15.69% |
i 12.03% |
|
HFRI Equity Hedge (Total) Index (reflects no deductions for fees, expenses or taxes) |
i 10.44% |
i 8.24% |
i 5.21% |
|
Investment Manager |
Portfolio Managers Jointly and Primarily Responsible for Day-to-Day Management of the Fund |
Fred Alger Management, LLC |
Dan C. Chung, CFA Chief Executive Officer, Chief Investment Officer and Portfolio Manager Since Inception (November 2009) |
Gregory S. Adams, CFA Senior Vice President, Director of Quantitative & Risk Management and Portfolio Manager Since Inception (November 2009) | |
George Ortega Senior Vice President, Senior Analyst and Portfolio Manager Since January 2024 |
Sub-Adviser |
|
Weatherbie Capital, LLC* |
H. George Dai, Ph.D. Chief Investment Officer and Senior Portfolio Manager Since March 2017 |
Joshua D. Bennett, CFA Chief Operating Officer and Senior Portfolio Manager Since March 2017 | |
Daniel J. Brazeau, CFA Senior Managing Director and Portfolio Manager Since March 2017 |
|
Class I |
|
i None |
|
Class I |
Advisory Fees |
i .75% |
Distribution and/or Service (12b-1) Fees |
i .25% |
Other Expenses |
i 1.05% |
Total Annual Fund Operating Expenses |
i 2.05% |
Fee Waiver and/or Expense Reimbursement* |
( i .58)% |
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement |
i 1.47% |
|
1 Year |
3 Years |
5 Years |
10 Years |
Class I |
$ i 150 |
$ i 547 |
$ i 1,012 |
$ i 2,300 |
i i Best Quarter: / |
i Q2 2020 |
i 27.07% |
i Worst Quarter: |
i Q1 2020 |
- i 20.04% |
|
1 Year |
5 Years |
10 Years |
Inception Date |
Class I |
|
|
|
i 12/29/10 |
Return Before Taxes |
i 13.49% |
i 4.56% |
i 1.99% |
|
Return After Taxes on Distributions |
i 13.49% |
i 4.03% |
i 1.48% |
|
Return After Taxes on Distributions and Sale of Fund Shares |
i 7.99% |
i 3.38% |
i 1.35% |
|
MSCI Emerging Markets Index (reflects no deductions for fees, expenses or taxes) |
i 10.27% |
i 4.07% |
i 3.05% |
|
Investment Manager |
Portfolio Managers Jointly and Primarily Responsible for Day-to-Day Management of the Fund |
Fred Alger Management, LLC |
|
Sub-Adviser |
|
Redwood Investments, LLC* |
Michael Mufson, CFA Co-Founder, Co-Chief Investment Officer and Managing Partner Since February 2024 |
Ezra Samet, CFA Portfolio Manager and Analyst Since February 2024 | |
Donald Smith, CFA Portfolio Manager and Analyst Since February 2024 |
|
Class Z |
|
i None |
|
Class Z |
Advisory Fees |
i .75% |
Distribution and/or Service (12b-1) Fees |
i None |
Other Expenses |
i .97% |
Total Annual Fund Operating Expenses |
i 1.72% |
Fee Waiver and/or Expense Reimbursement* |
( i .71)% |
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement |
i 1.01% |
|
1 Year |
3 Years |
5 Years |
10 Years |
Class Z |
$ i 103 |
$ i 424 |
$ i 820 |
$ i 1,929 |
i i Best Quarter: / |
i Q2 2020 |
i 27.19% |
i Worst Quarter: |
i Q1 2020 |
- i 19.98% |
|
1 Year |
5 Years |
Since Inception |
Inception Date |
Class Z |
|
|
|
i 2/28/14 |
Return Before Taxes |
i 14.02% |
i 5.04% |
i 2.62% |
|
Return After Taxes on Distributions |
i 13.95% |
i 4.45% |
i 2.02% |
|
Return After Taxes on Distributions and Sale of Fund Shares |
i 8.30% |
i 3.73% |
i 1.80% |
|
MSCI Emerging Markets Index (reflects no deductions for fees, expenses or taxes) |
i 10.27% |
i 4.07% |
i 3.46% |
|
Investment Manager |
Portfolio Managers Jointly and Primarily Responsible for Day-to-Day Management of the Fund |
Fred Alger Management, LLC |
|
Sub-Adviser |
|
Redwood Investments, LLC* |
Michael Mufson, CFA Co-Founder, Co-Chief Investment Officer and Managing Partner Since February 2024 |
Ezra Samet, CFA Portfolio Manager and Analyst Since February 2024 | |
Donald Smith, CFA Portfolio Manager and Analyst Since February 2024 |
Fund |
Annual Fee as a Percentage of Average Daily Net Assets |
Actual Rate |
Alger Spectra Fund |
.90% for assets up to $2 billion; .75% for assets between $2 billion and $4 billion; .65% for assets between $4 billion and $6 billion; .55% for assets between $6 billion and $8 billion; .45% for assets in excess of $8 billion |
.85% |
Alger Responsible Investing Fund |
.71% for assets up to $1 billion; .65% for assets in excess of $1 billion |
.71% |
Alger Dynamic Opportunities Fund |
1.20% for assets up to $1 billion; 1.00% for assets in excess of $1 billion |
1.20% |
Alger Emerging Markets Fund |
.75% |
.75% |
Fund |
Portfolio Manager(s) |
Since |
Alger Spectra Fund |
Dan C. Chung, CFA Patrick Kelly, CFA Ankur Crawford, Ph.D. |
February 2021 September 2004 June 2015 to February 2021; and March 2021 to Present |
Alger Responsible Investing Fund |
Gregory S. Adams, CFA |
December 2016 |
Alger Dynamic Opportunities Fund |
Dan C. Chung, CFA Gregory S. Adams, CFA George Ortega H. George Dai, Ph.D. Joshua D. Bennett, CFA Daniel J. Brazeau, CFA |
Inception (November 2009) Inception (November 2009) January 2024 March 2017 March 2017 March 2017 |
Alger Emerging Markets Fund |
Michael Mufson, CFA Ezra Samet, CFA Donald Smith, CFA |
February 2024 February 2024 February 2024 |
|
Class I |
Class Y |
Class Z |
Availability |
Generally available only to institutional investors. Also available on brokerage platforms of firms that have agreements with the Distributor to offer such shares solely when acting as an agent for the investor. |
Generally available only to institutional investors. Available for purchase through financial intermediaries. |
Generally available only to institutional investors. Available for purchase through financial intermediaries or directly from the Fund via: - Mail: Alger Family of Funds, c/o UMB Fund Services, Inc., -
Online: www.alger.com - Telephone: 1 (800) 992-3863 |
Minimum Investment |
None |
$500,000 |
$500,000 |
Maximum Investment |
None |
None |
None |
Initial Sales Charge? |
No. Entire purchase price is invested in shares of the Fund. |
No. Entire purchase price is invested in shares of the Fund. |
No. Entire purchase price is invested in shares of the Fund. |
Deferred Sales Charge? |
No. |
No. |
No. |
Distribution and/or Service (12b-1) Fees? |
0.25% |
None |
None |
Redemption Fees? |
No. |
No. |
No. |
Conversion to Class A Shares? |
No. |
No. |
No. |
Class I |
Year 1 |
Year 2 |
Year 3 |
Year 4 |
Year 5 |
Year 6 |
Year 7 |
Year 8 |
Year 9 |
Year 10 |
Expense Ratio |
1.50% |
1.50% |
1.50% |
1.50% |
1.50% |
1.50% |
1.50% |
1.50% |
1.50% |
1.50% |
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 |
3.50% |
7.12% |
10.87% |
14.75% |
18.77% |
22.93% |
27.23% |
31.68% |
36.29% |
41.06% |
End Investment Balance |
$10,350 |
$10,712 |
$11,087 |
$11,475 |
$11,877 |
$12,293 |
$12,723 |
$13,168 |
$13,629 |
$14,106 |
Annual Expense |
$153 |
$158 |
$163 |
$169 |
$175 |
$181 |
$188 |
$194 |
$201 |
$208 |
Class Y |
Year 1 |
Year 2 |
Year 3 |
Year 4 |
Year 5 |
Year 6 |
Year 7 |
Year 8 |
Year 9 |
Year 10 |
Expense Ratio |
1.13% |
1.18% |
1.18% |
1.18% |
1.18% |
1.18% |
1.18% |
1.18% |
1.18% |
1.18% |
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 |
3.87% |
7.87% |
11.99% |
16.27% |
20.71% |
25.32% |
30.11% |
35.08% |
40.24% |
45.60% |
End Investment Balance |
$10,387 |
$10,787 |
$11,199 |
$11,627 |
$12,071 |
$12,532 |
$13,011 |
$13,508 |
$14,024 |
$14,560 |
Annual Expense |
$115 |
$121 |
$130 |
$135 |
$140 |
$145 |
$151 |
$156 |
$162 |
$169 |
Class Z |
Year 1 |
Year 2 |
Year 3 |
Year 4 |
Year 5 |
Year 6 |
Year 7 |
Year 8 |
Year 9 |
Year 10 |
Expense Ratio |
1.17% |
1.17% |
1.17% |
1.17% |
1.17% |
1.17% |
1.17% |
1.17% |
1.17% |
1.17% |
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 |
3.83% |
7.81% |
11.94% |
16.22% |
20.67% |
25.30% |
30.09% |
35.08% |
40.25% |
45.62% |
End Investment Balance |
$10,383 |
$10,781 |
$11,194 |
$11,622 |
$12,067 |
$12,530 |
$13,009 |
$13,508 |
$14,025 |
$14,562 |
Annual Expense |
$119 |
$124 |
$129 |
$133 |
$139 |
$144 |
$149 |
$155 |
$161 |
$167 |
Class I |
Year 1 |
Year 2 |
Year 3 |
Year 4 |
Year 5 |
Year 6 |
Year 7 |
Year 8 |
Year 9 |
Year 10 |
Expense Ratio |
1.09% |
1.35% |
1.35% |
1.35% |
1.35% |
1.35% |
1.35% |
1.35% |
1.35% |
1.35% |
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 |
3.91% |
7.88% |
11.82% |
15.90% |
20.13% |
24.52% |
29.06% |
33.77% |
38.66% |
43.72% |
End Investment Balance |
$10,391 |
$10,788 |
$11,182 |
$11,590 |
$12,013 |
$12,452 |
$12,906 |
$13,377 |
$13,866 |
$14,372 |
Annual Expense |
$111 |
$125 |
$148 |
$154 |
$159 |
$165 |
$171 |
$177 |
$184 |
$191 |
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% |
1.01% |
1.01% |
1.01% |
1.01% |
1.01% |
1.01% |
1.01% |
1.01% |
1.01% |
Cumulative Gross Return |
5.00% |
10.25% |
15.76% |
21.55% |
27.63% |
34.01% |
40.71% |
47.75% |
55.13% |
62.89% |
Cumulative Net Return |
4.05% |
8.24% |
12.56% |
17.05% |
21.72% |
26.58% |
31.63% |
36.88% |
42.34% |
48.02% |
End Investment Balance |
$10,405 |
$10,824 |
$11,256 |
$11,705 |
$12,172 |
$12,658 |
$13,163 |
$13,688 |
$14,234 |
$14,802 |
Annual Expense |
$97 |
$103 |
$112 |
$116 |
$121 |
$125 |
$130 |
$136 |
$141 |
$147 |
Class Z |
Year 1 |
Year 2 |
Year 3 |
Year 4 |
Year 5 |
Year 6 |
Year 7 |
Year 8 |
Year 9 |
Year 10 |
Expense Ratio |
1.73% |
1.73% |
1.73% |
1.73% |
1.73% |
1.73% |
1.73% |
1.73% |
1.73% |
1.73% |
Cumulative Gross Return |
5.00% |
10.25% |
15.76% |
21.55% |
27.63% |
34.01% |
40.71% |
47.75% |
55.13% |
62.89% |
Cumulative Net Return |
3.27% |
6.65% |
10.13% |
13.74% |
17.45% |
21.30% |
25.26% |
29.36% |
33.59% |
37.96% |
End Investment Balance |
$10,327 |
$10,665 |
$11,013 |
$11,374 |
$11,745 |
$12,130 |
$12,526 |
$12,936 |
$13,359 |
$13,796 |
Annual Expense |
$176 |
$182 |
$188 |
$194 |
$200 |
$207 |
$213 |
$220 |
$227 |
$235 |
Class I |
Year 1 |
Year 2 |
Year 3 |
Year 4 |
Year 5 |
Year 6 |
Year 7 |
Year 8 |
Year 9 |
Year 10 |
Expense Ratio |
1.47% |
2.05% |
2.05% |
2.05% |
2.05% |
2.05% |
2.05% |
2.05% |
2.05% |
2.05% |
Cumulative Gross Return |
5.00% |
10.25% |
15.76% |
21.55% |
27.63% |
34.01% |
40.71% |
47.75% |
55.13% |
62.89% |
Cumulative Net Return |
3.53% |
6.98% |
10.14% |
13.39% |
16.73% |
20.18% |
23.72% |
27.37% |
31.13% |
35.00% |
End Investment Balance |
$10,353 |
$10,698 |
$11,014 |
$11,339 |
$11,673 |
$12,018 |
$12,372 |
$12,737 |
$13,113 |
$13,500 |
Annual Expense |
$150 |
$175 |
$223 |
$229 |
$236 |
$243 |
$250 |
$257 |
$265 |
$273 |
Class Z |
Year 1 |
Year 2 |
Year 3 |
Year 4 |
Year 5 |
Year 6 |
Year 7 |
Year 8 |
Year 9 |
Year 10 |
Expense Ratio |
1.01% |
1.72% |
1.72% |
1.72% |
1.72% |
1.72% |
1.72% |
1.72% |
1.72% |
1.72% |
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 |
3.99% |
7.89% |
11.43% |
15.09% |
18.86% |
22.76% |
26.79% |
30.95% |
35.24% |
39.68% |
End Investment Balance |
$10,399 |
$10,789 |
$11,143 |
$11,509 |
$11,886 |
$12,276 |
$12,679 |
$13,095 |
$13,524 |
$13,968 |
Annual Expense |
$103 |
$132 |
$189 |
$195 |
$201 |
$208 |
$215 |
$222 |
$229 |
$236 |
Alger Spectra Fund Class I |
Year ended 10/31/23 |
Year ended 10/31/22 |
Year ended 10/31/21 |
Year ended 10/31/20 |
Year ended 10/31/19 |
Net asset value, beginning of period |
$16.11 |
$35.83 |
$28.59 |
$22.77 |
$22.16 |
Income from Investment Operations: |
|
|
|
|
|
Net investment loss (i) |
(0.14) |
(0.17) |
(0.30) |
(0.15) |
(0.07) |
Net realized and unrealized gain (loss) on investments |
2.41 |
(11.12) |
10.25 |
7.59 |
2.88 |
Total from investment operations |
2.27 |
(11.29) |
9.95 |
7.44 |
2.81 |
Distributions from net realized gains |
(0.39) |
(8.43) |
(2.71) |
(1.62) |
(2.20) |
Net asset value, end of period |
$17.99 |
$16.11 |
$35.83 |
$28.59 |
$22.77 |
Total return (ii) |
14.55% |
(39.84)% |
36.82% |
34.61% |
14.85% |
Ratios/Supplemental Data: |
|
|
|
|
|
Net assets, end of period (000's omitted) |
$107,308 |
$156,048 |
$378,367 |
$422,807 |
$656,990 |
Ratio of gross expenses to average net assets |
1.50%(iii) |
1.49%(iv) |
1.40%(v) |
1.39%(vi) |
1.30%(vii) |
Ratio of net expenses to average net assets |
1.50% |
1.49% |
1.40% |
1.39% |
1.30% |
Ratio of net investment loss to average net assets |
(0.80)% |
(0.83)% |
(0.96)% |
(0.61)% |
(0.33)% |
Portfolio turnover rate |
59.63% |
216.84% |
108.48% |
71.81% |
86.54% |
Alger Spectra Fund Class Y |
Year ended 10/31/23 |
Year ended 10/31/22 |
Year ended 10/31/21 |
Year ended 10/31/20 |
From 12/3/18 (commencement of operations) to 10/31/19(i) |
Net asset value, beginning of period |
$16.88 |
$36.99 |
$29.36 |
$23.26 |
$23.29 |
Income from Investment Operations: |
|
|
|
|
|
Net investment loss (ii) |
(0.05) |
(0.09) |
(0.23) |
(0.11) |
(0.03) |
Net realized and unrealized gain (loss) on investments |
2.51 |
(11.59) |
10.57 |
7.83 |
2.20 |
Total from investment operations |
2.46 |
(11.68) |
10.34 |
7.72 |
2.17 |
Distributions from net realized gains |
(0.39) |
(8.43) |
(2.71) |
(1.62) |
(2.20) |
Net asset value, end of period |
$18.95 |
$16.88 |
$36.99 |
$29.36 |
$23.26 |
Total return (iii) |
15.02% |
(39.60)% |
37.21% |
35.11% |
11.43% |
Ratios/Supplemental Data: |
|
|
|
|
|
Net assets, end of period (000's omitted) |
$46,214 |
$144,286 |
$252,167 |
$121,397 |
$43,750 |
Ratio of gross expenses to average net assets |
1.18%(iv) |
1.20%(v) |
1.09%(vi) |
1.09%(vii) |
1.03%(viii) |
Ratio of expense reimbursements to average net assets |
(0.12)% |
(0.07)% |
— |
(0.04)% |
(0.09)% |
Ratio of net expenses to average net assets |
1.06% |
1.13% |
1.09% |
1.05% |
0.94% |
Ratio of net investment loss to average net assets |
(0.31)% |
(0.43)% |
(0.70)% |
(0.40)% |
(0.14)% |
Portfolio turnover rate |
59.63% |
216.84% |
108.48% |
71.81% |
86.54% |
Alger Spectra Fund Class Z |
Year ended 10/31/23 |
Year ended 10/31/22 |
Year ended 10/31/21 |
Year ended 10/31/20 |
Year ended 10/31/19 |
Net asset value, beginning of period |
$16.84 |
$36.95 |
$29.32 |
$23.24 |
$22.51 |
Income from Investment Operations: |
|
|
|
|
|
Net investment loss (i) |
(0.08) |
(0.12) |
(0.22) |
(0.09) |
(0.01) |
Net realized and unrealized gain (loss) on investments |
2.52 |
(11.56) |
10.56 |
7.79 |
2.94 |
Total from investment operations |
2.44 |
(11.68) |
10.34 |
7.70 |
2.93 |
Distributions from net realized gains |
(0.39) |
(8.43) |
(2.71) |
(1.62) |
(2.20) |
Net asset value, end of period |
$18.89 |
$16.84 |
$36.95 |
$29.32 |
$23.24 |
Total return (ii) |
14.94% |
(39.65)% |
37.22% |
35.10% |
15.18% |
Ratios/Supplemental Data: |
|
|
|
|
|
Net assets, end of period (000's omitted) |
$1,442,342 |
$1,987,024 |
$5,723,880 |
$4,376,561 |
$3,482,596 |
Ratio of gross expenses to average net assets |
1.17%(iii) |
1.19%(iv) |
1.09%(v) |
1.09%(vi) |
0.99%(vii) |
Ratio of expense reimbursements to average net assets |
(0.01)% |
— |
— |
— |
— |
Ratio of net expenses to average net assets |
1.16% |
1.19% |
1.09% |
1.09% |
0.99% |
Ratio of net investment loss to average net assets |
(0.47)% |
(0.53)% |
(0.67)% |
(0.35)% |
(0.03)% |
Portfolio turnover rate |
59.63% |
216.84% |
108.48% |
71.81% |
86.54% |
Alger Responsible Investing Fund Class I |
Year ended 10/31/23 |
Year ended 10/31/22 |
Year ended 10/31/21 |
Year ended 10/31/20 |
Year ended 10/31/19 |
Net asset value, beginning of period |
$11.52 |
$17.67 |
$13.57 |
$11.36 |
$10.58 |
Income from Investment Operations: |
|
|
|
|
|
Net investment loss (i) |
(0.04) |
(0.07) |
(0.08) |
(0.05) |
(0.01) |
Net realized and unrealized gain (loss) on investments |
2.07 |
(4.70) |
5.22 |
3.12 |
1.43 |
Total from investment operations |
2.03 |
(4.77) |
5.14 |
3.07 |
1.42 |
Distributions from net realized gains |
(0.09) |
(1.38) |
(1.04) |
(0.86) |
(0.64) |
Net asset value, end of period |
$13.46 |
$11.52 |
$17.67 |
$13.57 |
$11.36 |
Total return (ii) |
17.76% |
(29.28)% |
39.82% |
28.60% |
14.83% |
Ratios/Supplemental Data: |
|
|
|
|
|
Net assets, end of period (000's omitted) |
$4,464 |
$4,538 |
$6,884 |
$8,131 |
$10,213 |
Ratio of gross expenses to average net assets |
1.35% |
1.35% |
1.28% |
1.35% |
1.39% |
Ratio of expense reimbursements to average net assets |
— |
— |
— |
— |
(0.02)% |
Ratio of net expenses to average net assets |
1.35% |
1.35% |
1.28% |
1.35% |
1.37% |
Ratio of net investment loss to average net assets |
(0.35)% |
(0.53)% |
(0.52)% |
(0.42)% |
(0.12)% |
Portfolio turnover rate |
7.98% |
14.55% |
11.07% |
11.73% |
14.64% |
Alger Responsible Investing Fund Class Z |
Year ended 10/31/23 |
Year ended 10/31/22 |
Year ended 10/31/21 |
Year ended 10/31/20 |
Year ended 10/31/19 |
Net asset value, beginning of period |
$11.91 |
$18.16 |
$13.87 |
$11.55 |
$10.70 |
Income from Investment Operations: |
|
|
|
|
|
Net investment income (loss) (i) |
0.01 |
(0.02) |
(0.03) |
(0.01) |
0.03 |
Net realized and unrealized gain (loss) on investments |
2.15 |
(4.85) |
5.36 |
3.19 |
1.46 |
Total from investment operations |
2.16 |
(4.87) |
5.33 |
3.18 |
1.49 |
Distributions from net realized gains |
(0.09) |
(1.38) |
(1.04) |
(0.86) |
(0.64) |
Net asset value, end of period |
$13.98 |
$11.91 |
$18.16 |
$13.87 |
$11.55 |
Total return (ii) |
18.28% |
(29.02)% |
40.35% |
29.11% |
15.34% |
Ratios/Supplemental Data: |
|
|
|
|
|
Net assets, end of period (000's omitted) |
$28,345 |
$23,001 |
$36,053 |
$22,646 |
$15,755 |
Ratio of gross expenses to average net assets |
1.01% |
1.02% |
0.96% |
1.04% |
1.12% |
Ratio of expense reimbursements to average net assets |
(0.06)% |
(0.07)% |
(0.02)% |
(0.09)% |
(0.18)% |
Ratio of net expenses to average net assets |
0.95% |
0.95% |
0.94% |
0.95% |
0.94% |
Ratio of net investment income (loss) to average net assets |
0.04% |
(0.13)% |
(0.20)% |
(0.05)% |
0.29% |
Portfolio turnover rate |
7.98% |
14.55% |
11.07% |
11.73% |
14.64% |
Alger Dynamic Opportunities Fund Class Z |
Year ended 10/31/23 |
Year ended 10/31/22 |
Year ended 10/31/21 |
Year ended 10/31/20 |
Year ended 10/31/19 |
Net asset value, beginning of period |
$16.85 |
$23.09 |
$18.91 |
$14.30 |
$14.07 |
Income from Investment Operations: |
|
|
|
|
|
Net investment loss (i) |
(0.07) |
(0.22) |
(0.33) |
(0.22) |
(0.12) |
Net realized and unrealized gain (loss) on investments |
(0.79) |
(4.94) |
5.46 |
5.35 |
0.59 |
Total from investment operations |
(0.86) |
(5.16) |
5.13 |
5.13 |
0.47 |
Distributions from net realized gains |
— |
(1.08) |
(0.95) |
(0.52) |
(0.24) |
Net asset value, end of period |
$15.99 |
$16.85 |
$23.09 |
$18.91 |
$14.30 |
Total return (ii) |
(5.16)% |
(22.97)% |
28.07% |
37.08% |
3.54% |
Ratios/Supplemental Data: |
|
|
|
|
|
Net assets, end of period (000's omitted) |
$207,844 |
$403,338 |
$852,387 |
$352,396 |
$85,184 |
Ratio of gross expenses to average net assets |
1.73%(iii) |
2.45%(iv) |
2.20%(v) |
2.47%(vi) |
2.15%(vii) |
Ratio of expense reimbursements to average net assets |
— |
(0.70)% |
(0.45)% |
(0.70)% |
(0.29)% |
Ratio of net expenses to average net assets |
1.73% |
1.75% |
1.75% |
1.77% |
1.86% |
Ratio of net investment loss to average net assets |
(0.39)% |
(1.22)% |
(1.52)% |
(1.30)% |
(0.82)% |
Portfolio turnover rate |
350.56% |
334.12% |
161.76% |
249.71% |
264.04% |
Alger Emerging Markets Fund Class I |
Year ended 10/31/23 |
Year ended 10/31/22 |
Year ended 10/31/21 |
Year ended 10/31/20 |
Year ended 10/31/19 |
Net asset value, beginning of period |
$8.33 |
$14.00 |
$11.59 |
$9.73 |
$8.72 |
Income from Investment Operations: |
|
|
|
|
|
Net investment income (loss) (i) |
—(ii) |
(0.02) |
(0.07) |
(0.05) |
0.02 |
Net realized and unrealized gain (loss) on investments |
0.54 |
(5.37) |
2.48 |
2.42 |
1.19 |
Total from investment operations |
0.54 |
(5.39) |
2.41 |
2.37 |
1.21 |
Dividends from net investment income |
— |
(0.01) |
— |
(0.51) |
(0.20) |
Distributions from net realized gains |
— |
(0.27) |
— |
— |
— |
Net asset value, end of period |
$8.87 |
$8.33 |
$14.00 |
$11.59 |
$9.73 |
Total return (iii) |
6.48% |
(39.22)% |
20.79% |
25.19% |
14.22% |
Ratios/Supplemental Data: |
|
|
|
|
|
Net assets, end of period (000's omitted) |
$1,048 |
$1,538 |
$1,968 |
$2,617 |
$2,636 |
Ratio of gross expenses to average net assets |
2.05% |
1.77% |
1.66% |
2.14% |
2.07% |
Ratio of expense reimbursements to average net assets |
(0.58)% |
(0.32)% |
(0.22)% |
(0.69)% |
(0.65)% |
Ratio of net expenses to average net assets |
1.47% |
1.45% |
1.44% |
1.45% |
1.42% |
Ratio of net investment income (loss) to average net assets |
(0.01)% |
(0.14)% |
(0.53)% |
(0.52)% |
0.17% |
Portfolio turnover rate |
109.60% |
112.35% |
83.30% |
184.74% |
80.33% |
Alger Emerging Markets Fund Class Z |
Year ended 10/31/23 |
Year ended 10/31/22 |
Year ended 10/31/21 |
Year ended 10/31/20 |
Year ended 10/31/19 |
Net asset value, beginning of period |
$8.52 |
$14.29 |
$11.78 |
$9.87 |
$8.85 |
Income from Investment Operations: |
|
|
|
|
|
Net investment income (loss) (i) |
0.04 |
0.03 |
(0.01) |
(0.01) |
0.09 |
Net realized and unrealized gain (loss) on investments |
0.55 |
(5.47) |
2.52 |
2.46 |
1.18 |
Total from investment operations |
0.59 |
(5.44) |
2.51 |
2.45 |
1.27 |
Dividends from net investment income |
— |
(0.06) |
— |
(0.54) |
(0.25) |
Distributions from net realized gains |
— |
(0.27) |
— |
— |
— |
Net asset value, end of period |
$9.11 |
$8.52 |
$14.29 |
$11.78 |
$9.87 |
Total return (ii) |
6.92% |
(38.93)% |
21.31% |
25.76% |
14.83% |
Ratios/Supplemental Data: |
|
|
|
|
|
Net assets, end of period (000's omitted) |
$14,072 |
$20,200 |
$35,357 |
$13,028 |
$14,090 |
Ratio of gross expenses to average net assets |
1.72% |
1.44% |
1.34% |
1.89% |
1.85% |
Ratio of expense reimbursements to average net assets |
(0.71)% |
(0.45)% |
(0.35)% |
(0.90)% |
(0.90)% |
Ratio of net expenses to average net assets |
1.01% |
0.99% |
0.99% |
0.99% |
0.95% |
Ratio of net investment income (loss) to average net assets |
0.46% |
0.26% |
(0.05)% |
(0.06)% |
0.95% |
Portfolio turnover rate |
109.60% |
112.35% |
83.30% |
184.74% |
80.33% |
By Telephone: |
(800) 992-3863 |
By Mail: |
|
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 Z |
AAEMX ACEMX AIEMX AZEMX |
|
Broker Commissions Paid for 2021 |
| ||||
|
|
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 |
$7,147,568 |
$1,483,981 |
21% |
24% |
$5,717,057,522 |
$1,954,508 |
Responsible Fund |
$5,621 |
$3,552 |
63% |
67% |
$41,319 |
$11 |
Dynamic Fund |
$2,073,589 |
$270,020 |
13% |
14% |
$766,395,719 |
$652,691 |
Emerging Fund |
$156,230 |
$- |
0% |
0% |
$- |
$- |
|
$9,383,008 |
$1,757,553 |
19% |
22% |
$6,483,494,560 |
$2,607,210 |
|
Broker Commissions Paid for 2022 |
| ||||
|
|
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 |
$10,994,717 |
$2,100,702 |
19% |
20% |
$8,784,965,059 |
$2,882,625 |
Responsible Fund |
$6,688 |
$3,674 |
55% |
60% |
$746,353 |
$116 |
Dynamic Fund |
$3,435,947 |
$370,515 |
11% |
13% |
$935,691,386 |
$865,479 |
Emerging Fund |
$155,758 |
$269 |
0% |
0% |
$845,720 |
$1,886 |
|
$14,593,110 |
$2,475,160 |
17% |
19% |
$9,722,248,518 |
$3,750,106 |
|
Broker Commissions Paid for 2023 |
| ||||
|
|
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 |
$2,571,823 |
$330,280 |
13% |
12% |
$1,789,927,676 |
$862,640 |
Responsible Fund |
$4,860 |
$3,287 |
68% |
68% |
$1,546,051 |
$770 |
Dynamic Fund |
$3,034,194 |
$416,679 |
14% |
15% |
$1,023,079,820 |
$880,111 |
Emerging Fund |
$128,412 |
$1,203 |
1% |
1% |
$1,986,433 |
$2,702 |
|
$5,739,289 |
$751,449 |
13% |
13% |
$2,816,539,980 |
$1,746,223 |
Spectra Fund |
Dollar Value of Securities Owned |
J.P. Morgan Chase & Co. |
$1,925,564* |
Responsible Investing Fund |
Dollar Value of Securities Owned |
Morgan Stanley |
$830,860 |
Emerging Markets Fund |
Dollar Value of Securities Owned |
Banco BTG Pactual SA |
$293,601 |
Fund |
Class A |
Class C |
Class I |
Alger Spectra Fund |
$2,341,123 |
$2,058,464 |
$327,172 |
Alger Responsible Investing Fund |
$95,730 |
$24,342 |
$12,041 |
Alger Dynamic Opportunities Fund |
$134,173 |
$113,795 |
$— |
Alger Emerging Markets Fund |
$8,678 |
$13,818 |
$3,265 |
|
Responsible Investing Fund |
Spectra Fund |
Emerging Markets Fund |
Dynamic Opportunities Fund |
Total |
Advertising & Promotion |
$2,559 |
$63,525 |
$250 |
$4,024 |
$70,358 |
Compensation to Dealers |
96,768 |
2,057,439 |
13,017 |
132,656 |
2,299,880 |
Compensation to Sales Personnel |
6,952 |
172,525 |
681 |
10,953 |
191,111 |
Printing |
312 |
7,737 |
30 |
491 |
8,570 |
Total Selling Expenses |
$106,591 |
$2,301,226 |
$13,978 |
$148,124 |
$2,569,919 |
|
Responsible Investing Fund |
Spectra Fund |
Emerging Markets Fund |
Dynamic Opportunities Fund |
Total |
Advertising & Promotion |
$180 |
$14,615 |
$99 |
$845 |
$15,739 |
Compensation to Dealers |
22,836 |
1,881,056 |
12,608 |
110,185 |
2,026,685 |
Compensation to Sales Personnel |
490 |
39,745 |
270 |
2,299 |
42,804 |
Printing |
22 |
1,781 |
12 |
103 |
1,918 |
Total Selling Expenses |
$23,528 |
$1,937,197 |
$12,989 |
$113,432 |
$2,087,146 |
|
Responsible Investing Fund |
Spectra Fund |
Emerging Markets Fund |
Total |
Advertising & Promotion |
$332 |
$9,467 |
$94 |
$9,893 |
Compensation to Dealers |
15,399 |
315,405 |
7,405 |
338,209 |
Compensation to Sales Personnel |
903 |
25,747 |
256 |
26,906 |
Printing |
40 |
1,154 |
11 |
1,205 |
Total Selling Expenses |
$16,674 |
$351,773 |
$7,766 |
$376,213 |
Name, (Year of Birth), and Address(1) |
Position(s) Held with the Trust and Length of Time Served |
Principal Occupation(s) During Past Five Years |
Number of Funds 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 |
Non-profit Fundraising Consultant since 2015, Schultz & Williams; Non-profit Fundraising Consultant since 2014, Hilary Alger Consulting; Emeritus Trustee since 2020 and Trustee from 2013 to 2020, Philadelphia Ballet; School Committee Member from 2017 to 2023, Germantown Friends School; Trustee, Target Margin Theatre from 1995 to 2023. |
28 |
Board of Directors, Alger Associates, Inc. |
Non-Interested Trustees: |
|
|
|
|
Charles F. Baird, Jr. (1953) |
Trustee since 2000 |
Managing Partner of North Castle Partners (private equity securities group). |
28 |
|
David Rosenberg (1962) |
Trustee since 2007 |
Associate Professor of Law since August 2000, Zicklin School of Business, Baruch College, City University of New York. |
28 |
|
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. |
28 |
|
Name (Year of Birth), Position with Trust and Address(1) |
Principal Occupations |
Officer Since |
Officers(2): |
|
|
Executive Vice President, Chief Operating Officer (“COO”), and Secretary, Alger Management; COO and Secretary, Alger Associates, Inc. and Weatherbie Capital, LLC; COO, Vice President, Secretary and Manager, Alger Group Holdings, LLC and Alger Capital, LLC; Director, Alger SICAV; Executive Director and Chairman, Alger Management, Ltd.; Manager and Secretary, Alger Apple Real Estate LLC; Manager, Alger Partners Investors I, LLC, Alger Partners Investors II, LLC, Alger Partners Investors KEIGF, Alger Partners Investors-Crossbay LLC and Redwood Investments, LLC; Secretary, Alger Boulder
I LLC. |
2005 | |
Senior Vice President, General Counsel, Chief Compliance Officer (“CCO”) and Assistant Secretary, Alger Management; Senior Vice President, General Counsel and Secretary, Alger LLC; CCO, Alger Management, Ltd. and Redwood Investments, LLC; Assistant Secretary, Weatherbie Capital, LLC; Vice President and Assistant Secretary, Alger Group Holdings, LLC. |
2017 | |
Senior Vice President, Alger Management. |
2005 | |
Sergio M. Pavone (1961) Assistant Treasurer |
Vice President, Alger Management. |
2007 |
Mia G. Pillinger (1989) Assistant Secretary |
Vice President, Associate Counsel of Alger Management since 2020. Formerly, Associate at Willkie Farr & Gallagher, LLP, from 2016 to 2020. |
2020 |
Sushmita Sahu (1981) AML Compliance Officer |
Vice President, Alger Management. |
2021 |
Name of Person |
Aggregate Compensation from The Alger Funds II*± |
Total Compensation Paid to Trustee from The Alger Fund Complex*± |
Charles F. Baird, Jr |
$42,002 |
$169,000 |
David Rosenberg |
$41,159 |
$165,750 |
Nathan E. Saint-Amand |
$41,907 |
$169,000 |
|
Hilary M. Alger |
Charles F. Baird, Jr. |
David Rosenberg |
Nathan E. Saint-Amand |
Spectra Fund |
E |
A |
A |
E |
Responsible Fund |
E |
A |
B |
A |
Dynamic Fund |
E |
E |
A |
A |
Emerging Fund |
A |
A |
A |
A |
Aggregate Equity Securities of Funds in the Alger Fund Complex |
E |
E |
C |
E |
Fund |
Annual Fee as a Percentage of Average Daily Net Assets |
Alger Spectra Fund |
.90% for assets up to $2 billion; .75% for assets between $2 billion and $4 billion; .65% for assets between $4 billion and $6 billion; .55% for assets between $6 billion and $8 billion; .45% for assets in excess of $8 billion |
Alger Responsible Investing Fund |
.71% for assets up to $1 billion; .65% for assets in excess of $1 billion |
Alger Dynamic Opportunities Fund |
1.20% for assets up to $1 billion; 1.00% for assets in excess of $1 billion |
Alger Emerging Markets Fund |
.75% |
Fund |
Class |
Waiver |
Alger Spectra Fund* |
Y |
0.28% |
Z |
0.34% | |
Alger Responsible Investing Fund** |
A |
0.38% |
I |
0.38% | |
Z |
0.24% | |
Alger Dynamic Opportunities Fund*** |
A |
0.80% |
C |
1.55% | |
Z |
0.55% | |
Alger Emerging Markets Fund**** |
A |
0.80% |
C |
1.55% | |
I |
0.70% | |
Z |
0.24% |
Fund |
2023 |
2022 |
2021 |
Alger Spectra Fund |
$25,446,510 |
$42,104,206 |
$57,637,716 |
Alger Responsible Investing Fund |
$509,912 |
$575,917 |
$623,194 |
Alger Dynamic Opportunities Fund |
$4,764,674 |
$7,843,980 |
$8,435,901 |
Alger Emerging Markets Fund |
$182,199 |
$290,786 |
$273,861 |
Fund |
2023 |
2022 |
2021 |
Alger Spectra Fund |
$258,643 |
$118,268 |
$— |
Alger Responsible Investing Fund |
$14,461 |
$19,965 |
$3,496 |
Alger Dynamic Opportunities Fund |
$— |
$4,633,968 |
$3,026,870 |
Alger Emerging Markets Fund |
$163,745 |
$158,492 |
$104,236 |
Fund |
2023 |
2022 |
2021 |
Alger Spectra Fund |
$823,039 |
$1,514,885 |
$2,244,692 |
Alger Responsible Investing Fund |
$19,750 |
$22,307 |
$24,138 |
Alger Dynamic Opportunities Fund |
$109,191 |
$179,758 |
$193,323 |
Alger Emerging Markets Fund |
$6,681 |
$10,662 |
$10,042 |
|
Registered Investment Companies |
Other Pooled Investment Vehicles |
Other Accounts | |||
|
|
|
|
|
|
|
Gregory Adams* |
3 |
$406,306,371 |
2 |
$94,783,051 |
6 |
$15,122,233 |
Joshua D. Bennettx† |
2 |
$517,345,927 |
5 |
$189,164,087 |
17 |
$900,132,728 |
Daniel J. Brazeau† |
|
|
2 |
$93,971,357 |
|
|
Dan C. Chung*# |
13 |
$5,087,677,073 |
7 |
$1,127,214,888 |
34 |
$1,824,922,580 |
Ankur Crawford# |
5 |
$4,986,573,199 |
10 |
$1,335,501,400 |
39 |
$1,968,682,931 |
H. George Daix† |
2 |
$517,345,927 |
5 |
$189,164,087 |
17 |
$900,132,728 |
Patrick Kelly# |
5 |
$4,986,573,199 |
10 |
$1,335,501,400 |
39 |
$1,968,682,931 |
Michael Mufson± |
3 |
$203,617,077 |
3 |
$49,145,853 |
143 |
$1,555,640,508 |
George Ortega*± |
2 |
$46,665,937 |
3 |
$111,225,213 |
1 |
$94,991 |
Ezra Samet± |
3 |
$203,617,077 |
3 |
$49,145,853 |
143 |
$1,555,640,508 |
Donald Smith± |
1 |
$164,905,930 |
2 |
$35,349,468 |
34 |
$1,284,325,004 |
Portfolio Manager |
Fund |
Range |
Gregory Adams |
Dynamic Fund Responsible Fund |
E* F |
Joshua D. Bennett |
Dynamic Fund |
E* |
Daniel J. Brazeau |
Dynamic Fund |
E* |
Dan C. Chung |
Dynamic Fund Spectra Fund |
G F |
Ankur Crawford |
Spectra Fund |
E |
H. George Dai |
Dynamic Fund |
E* |
Patrick Kelly |
Spectra Fund |
E |
Michael Mufson |
Emerging Markets |
A** |
George Ortega |
Dynamic Fund |
E* |
Ezra Samet |
Emerging Markets |
A** |
Donald Smith |
Emerging Markets |
A** |
Fund |
2023 |
2022 |
2021 |
Alger Spectra Fund |
$373,536 |
$661,294 |
$975,079 |
Alger Responsible Investing Fund |
$9,829 |
$11,099 |
$12,069 |
Alger Dynamic Opportunities Fund |
$43,934 |
$71,068 |
$76,726 |
Alger Emerging Markets Fund |
$2,745 |
$4,342 |
$4,206 |
Name and Address |
Fund Classes |
Percentage of Total Shares Held |
A |
11.33% | |
A |
10.32% | |
A |
9.45% | |
Merrill Lynch, Pierce, Fenner & Smith Incorporated For the Sole Benefit of Its Customers Attn: Fund Administration 4800 Deer Lake Drive E, 2nd Floor |
A |
8.12% |
Name and Address |
Fund Classes |
Percentage of Total Shares Held |
A |
5.54% | |
A |
5.20% | |
C |
19.01% | |
C |
14.34% | |
Raymond James and Associates Inc. Omnibus for Mutual Funds 880 Carillon Parkway |
C |
12.76% |
C |
9.42% | |
RBC Capital Markets LLC Mutual Fund Omnibus Processing ATTN: Mutual Fund Ops Manager 250 Nicollet Mall Suite 1400 |
C |
8.38% |
C |
7.33% | |
C |
7.23% | |
Charles Schwab & Co., Inc. Special Custody Account FBO Customers ATTN: Mutual Funds 211 Main St |
C |
5.04% |
I |
14.58% | |
I |
13.44% | |
I |
13.28% |
Name and Address |
Fund Classes |
Percentage of Total Shares Held |
Empower Trust FBO Employee Benefits Clients 401K 8515 E Orchard Road, 2T2 |
I |
11.93% |
I |
5.74% | |
Y |
45.55% | |
Merrill Lynch, Pierce, Fenner & Smith Incorporated For the Sole Benefit of Its Customers ATTN: Fund Administration 4800 Deer Lake Drive E, 2nd Floor |
Y |
14.73% |
Y |
13.81% | |
National Financial Services LLC For Exclusive Benefit of Our Customers ATTN: Mutual Funds Department, 4th Floor 499 Washington Boulevard |
Y |
12.45% |
Z |
12.51% | |
Z |
10.67% | |
National Financial Services LLC For Exclusive Benefit of Our Customers ATTN: Mutual Funds Department, 4th Floor 499 Washington Boulevard |
Z |
10.61% |
Merrill Lynch, Pierce, Fenner & Smith Incorporated For the Sole Benefit of Its Customers ATTN: Fund Administration 4800 Deer Lake Drive E, 2nd Floor |
Z |
9.25% |
Z |
8.83% | |
Raymond James and Associates Inc. Omnibus for Mutual Funds 880 Carillon Parkway |
Z |
7.64% |
Z |
6.85% |
Name and Address |
Fund Classes |
Percentage of Total Shares Held |
RBC Capital Markets LLC Mutual Fund Omnibus Processing ATTN: Mutual Fund Ops Manager 250 Nicollet Mall Suite 1400 |
Z |
6.06% |
Z |
5.46% |
Name and Address |
Fund Classes |
Percentage of Total Shares Held |
A |
32.28% | |
A |
7.63% | |
A |
7.58% | |
A |
7.39% | |
A |
7.32% | |
A |
5.42% | |
Raymond James and Associates Inc. Omnibus for Mutual Funds 880 Carillon Parkway |
C |
24.15% |
C |
13.94% | |
Charles Schwab & Co., Inc. Special Custody Account FBO Customers ATTN: Mutual Funds 211 Main St |
C |
12.38% |
C |
9.91% |
Name and Address |
Fund Classes |
Percentage of Total Shares Held |
C |
6.77% | |
C |
6.12% | |
C |
5.64% | |
C |
5.43% | |
C |
5.24% | |
I |
55.47% | |
Raymond James and Associates Inc. Omnibus for Mutual Funds 880 Carillon Parkway |
I |
20.64% |
I |
9.07% | |
Z |
16.80% | |
Z |
14.87% | |
Z |
11.76% | |
Z |
11.69% | |
Raymond James and Associates Inc. Omnibus for Mutual Funds 880 Carillon Parkway |
Z |
10.52% |
Name and Address |
Fund Classes |
Percentage of Total Shares Held |
National Financial Services LLC For Exclusive Benefit of Our Customers ATTN: Mutual Funds Department, 4th Floor 499 Washington Boulevard |
Z |
6.64% |
Name and Address |
Fund Classes |
Percentage of Total Shares Held |
Charles Schwab & Co., Inc. Special Custody Account FBO Customers ATTN: Mutual Funds 211 Main St |
A |
20.99% |
Raymond James and Associates Inc. Omnibus for Mutual Funds 880 Carillon Parkway |
A |
13.57% |
A |
13.00% | |
A |
9.81% | |
A |
9.35% | |
A |
6.83% | |
Raymond James and Associates Inc. Omnibus for Mutual Funds 880 Carillon Parkway |
C |
37.52% |
C |
26.17% | |
C |
8.51% | |
Charles Schwab & Co., Inc. Special Custody Account FBO Customers ATTN: Mutual Funds 211 Main St |
C |
7.09% |
C |
5.26% |
Name and Address |
Fund Classes |
Percentage of Total Shares Held |
C |
5.14% | |
Z |
19.45% | |
Z |
14.95% | |
Z |
13.71% | |
National Financial Services LLC For Exclusive Benefit of Our Customers ATTN: Mutual Funds Department, 4th Floor 499 Washington Boulevard |
Z |
11.66% |
Z |
9.40% | |
Z |
6.88% | |
Raymond James and Associates Inc. Omnibus for Mutual Funds 880 Carillon Parkway |
Z |
5.54% |
Charles Schwab & Co., Inc. Special Custody Account FBO Customers ATTN: Mutual Funds 211 Main St |
Z |
5.12% |
Name and Address |
Fund Classes |
Percentage of Total Shares Held |
Charles Schwab & Co., Inc. Special Custody Account FBO Customers ATTN: Mutual Funds 211 Main St |
A |
20.42% |
A |
19.07% | |
A |
11.95% |
Name and Address |
Fund Classes |
Percentage of Total Shares Held |
A |
6.64% | |
Raymond James and Associates Inc. Omnibus for Mutual Funds 880 Carillon Parkway |
A |
6.15% |
C |
39.80% | |
C |
37.82% | |
C |
8.59% | |
I |
23.63% | |
I |
21.63% | |
I |
19.68% | |
I |
16.23% | |
Z |
16.43% | |
National Financial Services LLC For Exclusive Benefit of Our Customers ATTN: Mutual Funds Department, 4th Floor 499 Washington Boulevard |
Z |
15.67% |
Raymond James and Associates Inc. Omnibus for Mutual Funds 880 Carillon Parkway |
Z |
12.30% |
Z |
11.52% |
Name and Address |
Fund Classes |
Percentage of Total Shares Held |
Z |
9.93% | |
Charles Schwab & Co., Inc. Special Custody Account FBO Customers ATTN: Mutual Funds 211 Main St |
Z |
9.87% |
RBC Capital Markets LLC Mutual Fund Omnibus Processing ATTN: Mutual Fund Ops Manager 250 Nicollet Mall Suite 1400 |
Z |
6.02% |
Exhibit No. |
Description of Exhibit |
(a) |
Articles of Incorporation: |
(a-1) |
Amended and Restated Declaration of Trust of The Alger Funds II (the “Registrant”), dated September 13, |
(a-2) |
Amendment to Declaration of Trust (Incorporated by reference to Post-Effective Amendment No. 69 to the |
(a-3) |
Certificate of Amendment and Termination of Alger Mid Cap Focus Fund (Incorporated by reference to |
(b) |
By-Laws: Amended and Restated By-laws of Registrant, dated December 7, 2004 (Incorporated by |
(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 (“FAM”), dated |
(d-2) |
Amendment to Investment Advisory Agreement including Revised Fee Schedule, dated September 17, 2019 |
(d-3) |
Amendment to Investment Advisory Agreement, dated September 29, 2020 (Incorporated by reference to |
(d-4) |
|
(d-5) |
Form of Sub-Advisory Agreement between FAM and Weatherbie Capital, LLC (“WC”) (Incorporated by |
(d-6) |
Amendment to WC Sub-Advisory Agreement, dated September 29, 2020 (Incorporated by reference to |
(d-7) |
Amendment to WC Sub-Advisory Agreement, dated September 22, 2021 (Incorporated by reference to |
(d-8) |
Amendment to WC Sub-Advisory Agreement, dated December 6, 2022 (Incorporated by reference to Post- |
(d-9) |
Sub-Advisory Agreement between FAM and Redwood Investments, LLC (“Redwood”), dated February 1, |
(e) |
Underwriting Contracts: |
(e-1) |
Amended and Restated Distribution Agreement between Registrant and Fred Alger & Company, LLC, as |
(e-2) |
Amendment to Amended and Restated Distribution Agreement, dated September 29, 2020 (Incorporated by |
(f) |
Bonus or Profit Sharing Contracts: Not applicable. |
(g) |
Custodian Agreements: |
(g-1) |
Custody Agreement between Registrant and The Bank of New York Mellon (“BNY”), dated June 1, 2023 |
(g-2) |
|
Exhibit No. |
Description of Exhibit |
(h) |
Other Material Contracts: |
(h-1) |
Shareholder Administrative Services Agreement among FAM, the Registrant, et. al. effective February 28, |
(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-4) |
Amendment No. 3 to the Shareholder Administrative Services Agreement, effective December 29, 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) |
Amendment No. 6 to Shareholder Administrative Services Agreement, effective September 29, 2020 |
(h-8) |
Amendment No. 7 to Shareholder Administrative Services Agreement, effective September 22, 2021 |
(h-9) |
Transfer Agency Agreement Between Certain Investment Companies Managed by FAM (including Registrant) and UMB Fund Services, Inc., dated October 5, 2019 (Incorporated by reference to Post- |
(h-10) |
Amendment to Transfer Agency Agreement, dated October 1, 2021 (Incorporated by reference to Post- |
(h-11) |
Amendment to Transfer Agency Agreement, dated October 5, 2022 (Incorporated by reference to Post- |
(h-12) |
Administration Agreement between Registrant and FAM, dated September 29, 2020 (Incorporated by |
(h-13) |
Fund Administration and Accounting Agreement between Registrant and BNY, dated June 1, 2023 (filed |
(i) |
Legal Opinion: Opinion and Consent of Sullivan & Worcester (Incorporated by reference to Post-Effective |
(j) |
|
(k) |
Omitted Financial Statements: Not applicable. |
(l) |
Initial Capital Agreements: Original Shareholder Purchase Agreement (Incorporated by reference to Post- |
(m) |
Rule 12b-1 Plan: |
(m-1) |
Class A Distribution Plan, dated September 29, 2020 (Incorporated by reference to Post-Effective |
(m-2) |
Class C Distribution Plan, dated September 29, 2020 (Incorporated by reference to Post-Effective |
(m-3) |
Class I Distribution Plan, dated September 29, 2020 (Incorporated by reference to Post-Effective |
Exhibit No. |
Description of Exhibit |
(n) |
Rule 18f-3 Plan: Rule 18f-3 Multiple Class Plan, dated December 15, 2020 (Incorporated by reference to |
(o) |
Reserved. |
(p) |
|
(q) |
Powers of Attorney: Powers of Attorney executed by Hal Liebes, Michael D. Martins, Hilary M. Alger, Charles F. Baird, Jr., Roger P. Cheever, David Rosenberg and Nathan E. Saint-Amand, M.D. (filed herewith) |
101.INS |
XBRL Instance Document – the instance document does not appear on the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document. |
101.SCH |
XBRL Taxonomy Extension Schema |
101.CAL |
XBRL Taxomony Extension Calculation Linkbase |
101.DEF |
XBRL Taxomony Extension Definition Linkbase |
101.LAB |
XBRL Taxomony Extension Label Linkbase |
101.PRE |
XBRL Taxonomy Extension Presentation Linkbase |
NAME AND POSITION WITH FAM |
OTHER SUBSTANTIAL BUSINESS, PROFESSION OR VOCATION |
Daniel C. Chung Chairman, President, Chief Executive Officer (“CEO”) |
President and CEO, Alger Associates, Inc., Weatherbie Capital, LLC, Alger Apple Real Estate, LLC and Alger Boulder I LLC; Director, Alger Management, Ltd. and Alger SICAV; President, CEO and Manager, Alger Group Holdings, LLC and Alger Capital, LLC; Manager, Redwood Investments, LLC |
Robert Kincel Chief Financial Officer (“CFO”), Senior Vice President, Treasurer |
CFO and Treasurer, Alger Associates, Inc.; CFO, Treasurer, Vice President and Manager, Alger Group Holdings, LLC and Alger Capital, LLC; CFO, Treasurer and Senior Vice President, Fred Alger & Company, LLC; Treasurer and CFO, Weatherbie Capital, LLC; Treasurer, Alger Apple Real Estate, LLC and Alger Boulder I LLC; Authorized Signer, Alger Management, Ltd. |
COO and Secretary, Alger Associates, Inc. and Weatherbie Capital, LLC; COO, Vice President, Secretary and Manager, Alger Group Holdings, LLC and Alger Capital, LLC; Director, Alger SICAV; Executive Director and Chairman, Alger Management, Ltd.; Manager and Secretary, Alger Apple Real Estate LLC; Manager, Alger Partners Investors I, LLC, Alger Partners Investors II, LLC, Alger Partners Investors KEIGF, Alger Partners Investors- Crossbay LLC and Redwood Investments, LLC; Secretary, Alger Boulder
I LLC | |
Chief Compliance Officer (“CCO”), General Counsel, Assistant Secretary, Senior Vice President |
Senior Vice President, General Counsel and Secretary, Fred Alger & Company, LLC; CCO and Authorized Signer, Alger Management, Ltd.; Assistant Secretary, Weatherbie Capital, LLC; Vice President and Assistant Secretary, Alger Group Holdings, LLC; CCO, Redwood Investments, LLC |
Christoph Hofmann Chief Distribution Officer, Executive Vice President |
President, CEO and Chief Distribution Officer, Fred Alger & Company, LLC |
(a) |
Fred Alger & Company, LLC (“Alger LLC”) acts as principal underwriter for Registrant, The Alger Funds, The Alger Portfolios, The Alger Institutional Funds, Alger Global Focus Fund, and The Alger ETF Trust. |
(b) |
Alger LLC is a Delaware limited liability company located at 100 Pearl Street, 27th Floor, New York, New York 10004. The following is a list of the directors and officers of Alger LLC: |
NAME |
POSITION(S) AND OFFICE(S) WITH ALGER LLC |
POSITION(S) AND OFFICE(S) WITH REGISTRANT |
Darryl Ah Now |
Senior Vice President |
None |
Scott Anderson |
Senior Vice President |
None |
David Berdine |
Vice President |
None |
Alex Bernstein |
Senior Vice President |
None |
Natalie Cardona |
Assistant Vice President |
None |
Josephine Carey |
Vice President |
None |
Peter Chang |
Senior Vice President |
None |
Joo Chia |
Assistant Vice President |
None |
Kevin Collins |
Senior Vice President |
None |
Chris Conte |
Vice President |
None |
Brian Costello |
Senior Vice President |
None |
Ryan Craig |
Vice President |
None |
Jessica Davis |
Vice President |
None |
Tommy Ding |
Assistant Vice President |
None |
Christopher Downey |
Vice President |
None |
Edward Doyle |
Senior Vice President |
None |
Joanne Dwyer |
Assistant Vice President |
None |
Neil Elevado |
Assistant Vice President |
None |
Elizabeth Flanders |
Vice President |
None |
Jonathan Foster |
Senior Vice President |
None |
Christopher Franz |
Vice President |
None |
Victor Frazier |
Vice President |
None |
Matthew Galletta |
Senior Vice President |
None |
Nicholas Generale |
Vice President |
None |
Daniel Giblin |
Assistant Vice President |
None |
Matthew Goldberg |
Senior Vice President |
None |
Andrew Harrington |
Vice President |
None |
Peter Harris |
Vice President |
None |
Ivana Hayblum |
Vice President |
None |
Christopher Hine |
Vice President |
None |
Christoph Hofmann |
President, Chief Distribution Officer |
None |
Frank Iacovano |
Vice President |
None |
Stacia Ikpe |
Senior Vice President |
None |
Sean Jacobus |
Vice President |
None |
Kevin Karpich |
Assistant Vice President |
None |
Robert Kerr |
Vice President |
None |
Daniel Kilpatrick |
Vice President |
None |
Robert Kincel |
Senior Vice President |
None |
NAME |
POSITION(S) AND OFFICE(S) WITH ALGER LLC |
POSITION(S) AND OFFICE(S) WITH REGISTRANT |
Alan Kirby |
Senior Vice President |
None |
Tiffany Larson |
Vice President |
None |
Aaron Lee |
Vice President |
None |
David Lewis |
Vice President |
None |
Executive Vice President |
President, Principal Executive Officer | |
Jacob Lilie |
Senior Vice President |
None |
Chris Lin |
Vice President |
None |
Chad Mackelprang |
Vice President |
None |
Barbara Mackey |
Assistant Vice President |
None |
Roman Magiera |
Assistant Vice President |
None |
Sharudh Majid |
Vice President |
None |
Robert Marks |
Vice President |
None |
Michael Martins |
Senior Vice President |
Treasurer, Principal Financial Officer |
James McCormick |
Senior Vice President |
None |
Nicholas Morrello |
Vice President |
None |
Michael Nelson |
Vice President |
None |
Brad Neuman |
Senior Vice President |
None |
Arthur Nowak |
Vice President |
None |
Udoka Nwogugu |
Vice President |
None |
Shannon O'Connor |
Senior Vice President |
None |
Anna Osilovsky |
Assistant Vice President |
None |
Subhasish Parida |
Vice President |
None |
Sergio Pavone |
Vice President |
Assistant Treasurer |
Senior Vice President |
Secretary, Chief Compliance Officer, Chief Legal Officer | |
Mia Pillinger |
Vice President |
Assistant Secretary |
May Poon |
Senior Vice President |
None |
Kosal Prum |
Vice President |
None |
Jessie Quick |
Vice President |
None |
Margaret Revell |
Assistant Vice President |
None |
Jacquelyn Rizzo |
Vice President |
None |
Ryan Rodgers |
Vice President |
None |
Tyler Rosenthal |
Vice President |
None |
Sushmita Sahu |
Vice President |
AML Compliance Officer |
Katherine Schupp |
Senior Vice President |
None |
Jason Smilowitz |
Vice President |
None |
Pramod Somani |
Vice President |
None |
Joseph Spano |
Vice President |
None |
Zenon Staniek |
Vice President |
None |
Joseph Stein |
Vice President |
None |
John Stergiou |
Senior Vice President |
None |
NAME |
POSITION(S) AND OFFICE(S) WITH ALGER LLC |
POSITION(S) AND OFFICE(S) WITH REGISTRANT |
John Strouse |
Vice President |
None |
Shannon Weiss |
Vice President |
None |
Nathaniel Young |
Assistant Vice President |
None |
David Zappone |
Vice President |
None |
Jordan Zdatny |
Assistant Vice President |
None |
(c) |
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) |
|
Treasurer (Principal Financial Officer) |
||
* |
Trustee |
|
Charles F. Baird | ||
* |
Trustee |
|
Hilary M. Alger | ||
* |
Trustee |
|
David Rosenberg | ||
* |
Trustee |
|
Nathan E. Saint-Amand |
*By: |
/s/ Hal Liebes |
|
|
Attorney-In-Fact |
|
Exhibit No. |
Description of Exhibit |
(d-4) |
Contract to Support Fee Waiver / Expense Reimbursement |
(d-9) |
Sub-Advisory Agreement between FAM and Redwood |
(g-1) |
Custody Agreement between Registrant and BNY |
(g-2) |
Foreign Custody Manager Agreement between Registrant and BNY |
(h-13) |
Fund Administration and Accounting Agreement between Registrant and BNY |
(j) |
Consent of Independent Registered Public Accounting Firm |
(p) |
Amended and Restated Code of Ethics |
(q) |
Powers of Attorney |
This ‘485BPOS’ Filing | Date | Other Filings | ||
---|---|---|---|---|
1/1/26 | ||||
10/31/25 | ||||
9/30/24 | ||||
4/15/24 | ||||
3/1/24 | ||||
2/29/24 | ||||
Effective on: | 2/28/24 | |||
Filed on: | 2/27/24 | |||
2/1/24 | 497, 497K | |||
1/31/24 | 497, 497K | |||
1/1/24 | ||||
12/31/23 | ||||
10/31/23 | 24F-2NT, N-CEN, N-CSR, NPORT-P | |||
7/1/23 | ||||
6/30/23 | N-PX | |||
6/1/23 | ||||
4/1/23 | ||||
12/31/22 | ||||
12/6/22 | ||||
10/31/22 | 24F-2NT, N-CEN, N-CSR, NPORT-P | |||
10/5/22 | ||||
3/15/22 | ||||
1/1/22 | ||||
10/31/21 | 24F-2NT, N-CEN, N-CSR, NPORT-P | |||
10/1/21 | ||||
9/22/21 | ||||
2/28/21 | 485BPOS | |||
1/11/21 | ||||
12/31/20 | N-CSR | |||
12/15/20 | ||||
9/29/20 | NPORT-P | |||
5/1/20 | ||||
1/31/20 | NPORT-P | |||
10/5/19 | ||||
9/24/19 | 497 | |||
9/17/19 | ||||
8/27/19 | 497 | |||
12/31/17 | ||||
12/28/17 | NSAR-B | |||
10/25/17 | ||||
12/30/16 | 485BPOS, 497K, NSAR-B | |||
12/29/16 | 485BPOS, 497K | |||
8/1/16 | ||||
12/30/15 | 485BPOS | |||
9/13/12 | ||||
1/1/12 | ||||
1/21/11 | ||||
12/29/10 | 497, 497K, NSAR-B | |||
6/30/10 | N-CSRS, N-PX | |||
11/2/09 | 485BPOS | |||
4/30/09 | N-CSRS, NSAR-A, NSAR-A/A | |||
9/24/08 | 485BPOS, 497 | |||
9/23/08 | ||||
12/8/07 | ||||
6/30/07 | N-PX | |||
4/2/07 | 497 | |||
3/1/07 | 485BPOS, EFFECT | |||
1/12/07 | ||||
1/4/07 | 485APOS | |||
2/28/05 | ||||
1/21/05 | ||||
12/7/04 | ||||
9/11/01 | ||||
7/1/97 | ||||
2/12/96 | N-8A/A | |||
List all Filings |
As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 12/28/23 Alger Funds II N-CSR 10/31/23 4:3M Broadridge Fin’l So… Inc 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 2/28/20 Alger Funds II 485BPOS 2/28/20 23:4.2M Donnelley … Solutions/FA 2/23/18 Alger Funds II 485BPOS 2/28/18 5:4.4M Toppan Merrill/FA 3/01/17 Alger Funds II 485APOS¶ 4:2.8M Toppan Merrill/FA 2/21/17 Alger Funds II 485BPOS 2/28/17 6:11M Toppan Merrill/FA 10/23/15 Alger Funds II 485APOS¶ 10/22/15 5:1.8M Toppan Merrill/FA 2/22/13 Alger Funds II 485BPOS 2/28/13 5:3.8M Toppan Merrill/FA 2/22/12 Alger Funds II 485BPOS 2/28/12 17:4.3M Toppan Merrill/FA 8/03/09 Alger Funds II 485BPOS¶ 9/02/09 6:1.4M Toppan Merrill/FA 2/18/05 Alger Funds II 485BPOS 2/18/05 7:425K Command Financial |