Uncovering innovative small companies with the potential to
generate alpha requires an experienced and incisive investment team. Now, Jill Greenwald and Alger’s research team are focusing their passion for small caps on our newest offering:

• Invests in small, fast-growing companies
• Offers diversification by adding microcaps, an often overlooked market segment
• Continues to hold successful small caps as they grow into mid caps

When a new venture has that potential, wise investors get in early.

“Any investor in this fund could end up being the earliest investor on that next, big thing.”

Past performance is not an indication or a guarantee of future results. Growth stocks can be more volatile than other stocks; their prices can be higher in relation to earnings and may be more sensitive to market, political, and economic developments. Stocks of small- and midsized companies have greater risk than stocks of larger companies because of limited liquidity, inexperienced management, or limited financial resources.

Investing in the stock market involves gains and losses and may not be suitable for all investors. The cost of borrowing money to leverage could exceed the returns for securities purchased or the securities purchased may actually go down in value; thus the fund’s net asset value could decrease more quickly.

Before investing, carefully consider the fund’s investment objective, risks, charges and expenses. For a prospectus containing this and other information about the fund, call (800) 992-3863, visit www.alger.com, or consult your financial advisor. Read it carefully before investing. Distributor: Fred Alger & Company, Incorporated. Member NYSE, SIPC. NOT FDIC INSURED.

NOT BANK GUARANTEED. MAY LOSE VALUE.