The views expressed are the views of Fred Alger Management, LLC (“FAM”) and its affiliates as of May 2025. These views are subject to change at any time and may not represent the views of all portfolio management teams. These views should not be interpreted as a guarantee of the future performance of the markets, any security or any funds managed by FAM. These views are not meant to provide investment advice and should not be considered a recommendation to purchase or sell securities.
Risk Disclosures: Investing in the stock market involves risks, including the potential loss of principal. Growth stocks may be more volatile than other stocks as their prices tend to be higher in relation to their companies’ earnings and may be more sensitive to market, political, and economic developments. Foreign securities, Frontier Markets, and Emerging Markets involve special risks including currency fluctuations, inefficient trading, political and economic instability, and increased volatility. Past performance is not indicative of future performance. Investors whose reference currency differs from that in which the underlying assets are invested may be subject to exchange rate movements that alter the value of their investments.
Important Information for US Investors: This material must be accompanied by the most recent fund fact sheet(s) if used in connection with the sale of mutual fund and ETF shares. Fred Alger & Company, LLC serves as distributor of the Alger mutual funds.
Important Information for UK and EU Investors: This material is directed at investment professionals and qualified investors (as defined by MiFID/FCA regulations). It is for information purposes only and has been prepared and is made available for the benefit investors. This material does not constitute an offer or solicitation to any person in any jurisdiction in which it is not authorised or permitted, or to anyone who would be an unlawful recipient, and is only intended for use by original recipients and addressees. The original recipient is solely responsible for any actions in further distributing this material and should be satisfied in doing so that there is no breach of local legislation or regulation. Certain products may be subject to restrictions with regard to certain persons or in certain countries under national regulations applicable to such persons or countries. Alger Management, Ltd. (company house number 8634056, domiciled at 85 Gresham Street, Suite 308, London EC2V 7NQ, UK) is authorised and regulated by the Financial Conduct Authority, for the distribution of regulated financial products and services. FAM, Weatherbie Capital, LLC, and/or Redwood Investments, LLC, U.S. registered investment advisors, serve as sub-portfolio manager to financial products distributed by Alger Management, Ltd.
Alger Group Holdings, LLC (parent company of FAM and Alger Management, Ltd.), FAM, and Fred Alger & Company, LLC are not an authorized persons for the purposes of the Financial Services and Markets Act 2000 of the United Kingdom (“FSMA”) and this material has not been approved by an authorized person for the purposes of Section 21(2)(b) of the FSMA.
Important information for Investors in Israel: Fred Alger Management, LLC is neither licensed nor insured under the Israeli Regulation of Investment Advice, of Investment Marketing, and of Portfolio Management Law, 1995 (the “Investment Advice Law”). This document is for information purposes only and should not be construed as an offering of Investment Advisory, Investment Marketing or Portfolio Management services (As defined in the Investment Advice Law). Services regulated under the Investment Advice Law are only available to investors that fall within the First Schedule of Investment Advice Law (“Qualified Clients”). It is hereby noted that with respect to Qualified Clients, Fred Alger Management, LLC is not obliged to comply with the following requirements of the Investment Advice Law: (1) ensuring the compatibility of service to the needs of client; (2) engaging in a written agreement with the client, the content of which is as described in section 13 of the Investment Advice Law; (3) providing the client with appropriate disclosure regarding all matters that are material to a proposed transaction or to the advice given; (4) a prohibition on preferring certain Securities or other Financial Assets; (5) providing disclosure about “extraordinary risks” entailed in a transaction (and obtaining the client’s approval of such transactions, if applicable); (6) a prohibition on making Portfolio Management fees conditional upon profits or number of trans- actions; (7) maintaining records of advisory/discretionary actions. This document is directed at and intended for Qualified Clients only.
This presentation is for information purposes only and should not be construed as an offering of Investment Advisory, Investment Marketing or Portfolio Management services (As defined in the Investment Advice Law). Services regulated under the Investment Ad- vice Law are only available to investors that fall within the First Schedule of Investment Advice Law (“Qualified Clients”).
It is hereby noted that with respect to Qualified Clients, Fred Alger Management, LLC is not obliged to comply with the following requirements of the Investment Advice Law: (1) ensuring the compatibility of service to the needs of client; (2) engaging in a written agreement with the client, the content of which is as described in section 13 of the Investment Advice Law; (3) providing the client with appropriate disclosure regarding all matters that are material to a proposed transaction or to the advice given; (4) a prohibition on preferring certain Securities or other Financial Assets; (5) providing disclosure about “extraordinary risks” entailed in a transaction (and obtaining the client’s approval of such transactions, if applicable); (6) a prohibition on making Portfolio Management fees conditional upon profits or number of transactions; (7) maintaining records of advisory/discretionary actions. This presentation is directed at and intended for Qualified Clients only.
Important Information for Investors in Australia: This document is provided to prospective investors and, by receiving it, each prospective investor is deemed to represent and warrant that it is a “Wholesale Client” (as those terms are defined in Australian Corporations Act 2001 (Cth) (Act)).
Fred Alger Management, LLC is exempt from the requirement to hold an Australian financial services licence under the Corporations Act (as a result of the operation of ASIC Class Order 03/1100 as amended by the ASIC Corporations (Repeal and Transitional) Instrument 2016/396 and extended by ASIC Corporations (Amendment) Instrument 2023/588) in respect of the financial services it provides to wholesale clients in Australia and is regulated by the Securities and Exchange Commission under United States laws which differ from Australian laws.
Important Information for Investors in Brunei: Fred Alger Management, LLC does not have a capital market service license under the Securities Market Order 2013 to provide investment advice to clients in, or to undertake investment business in, Brunei.
By requesting or accepting financial services or financial product information from [The Manager], you agree, represent and warrant that you are engaging our services or in receipt of information wholly outside Brunei and, as applicable, subject to the foreign laws of the contract governing the terms of our engagement.
This document does not constitute an offer or an advertisement within the meaning of the Securities Market Order 2013 and shall not be distributed or circulated to any person in Brunei other than the intended recipient.
Important Information for Investors in Hong Kong: Fred Alger Management, LLC does not carry on a business in a regulated activity in Hong Kong and is not licensed by the Securities and Futures Commission.
This document is issued for information purposes only. It is not to be construed as an offer or solicitation for the purchase or sale of any financial instruments. It has not been reviewed by the Securities and Futures Commission. Fred Alger Management, LLC accepts no liability whatsoever for any direct, indirect or consequential loss arising from or in connection with any use of, or reliance on, this document which does not have any regard to the particular needs of any person. Fred Alger Management, LLC takes no responsibility whatsoever for any use, reliance or reference by persons other than the intended recipient of this document.
Any prices referred to herein are indicative only and dependent upon market conditions. Past performance is not indicative of future results. Unless otherwise specified, investments are not bank deposits or other obligations of a bank, and the repayment of principal is not insured or guaranteed. They are subject to investment risks, including the possibility that the value of any investment (and income derived thereof (if any)) can increase, decrease or in some cases, be entirely lost and investors may not get back the amount originally invested. The contents of this document have not been reviewed by any regulatory authority in the countries in which it is distributed. The opinions and views herein do not take into account your individual circumstances, objectives, or needs and are not intended to be recommendations of particular financial instruments or strategies to you. This marketing document does not identify all the risks (direct or indirect) or other considerations which might be material to you when entering any financial transaction. You are advised to exercise caution in relation to any information in this document. If you are in doubt about any of the contents of this document, you should seek independent professional advice.
Important Information for Investors in Taiwan: The Manager is not licensed to engage in an investment management or investment advisory business in Taiwan and the services described herein are not permitted to be provided in Taiwan. However, such services may be provided outside Taiwan to Taiwan resident clients.
Important Information for Investors in India: The strategies offered have not been registered with the Securities and Exchange Board of India (“SEBI) or any other regulatory or governmental authority in India and no such authority has confirmed the accuracy or determined the adequacy of this document.
This document does not constitute an offer to sell or a solicitation of an offer to buy the strategies from any person other than Fred Alger Management, LLC, and subscription of the strategies shall not be accepted from a person to whom this document has not been addressed or sent by the Fred Alger Management, LLC. This document is not and should not be considered as a Prospectus. The strategies are not being offered for sale or sub- scription but are being privately placed with a limited number of investors. Prospective investors must seek legal advice as to whether they are entitled to subscribe for or purchase the strategies being offered and comply with all relevant Indian laws in this respect. Any offer or its acceptance is subject to compliance in India with applicable Indian law. None of the Fred Alger Management, LLC, their officers, employees [or affiliates] are expected to be registered with any regulatory or governmental authority in India in respect to their respective roles or functions in relation to the strategies.
Important Information for Investors in Singapore: Fred Alger Management, LLC is not registered with or licensed by the Monetary Authority of Singapore under the Securities and Futures Act 2001 or the Financial Advisers Act 2001, and accordingly, is not purporting to conduct any business activity for which licensing or registration is required in Singapore.
You acknowledge and agree that you have approached Fred Alger Management, LLC at your initiative and that any requests that may be made by you for information on any product or service are unsolicited. Nothing in this document shall be construed as an offer to sell or the solicitation of the sale of or an offer to purchase any product or to engage any service by Fred Alger Management, LLC referred to or discussed in this document. This information contained in this document is for informational purposes only, and was prepared without regard to the specific investment objectives, financial situation or particular needs of any particular person. Nothing in this document constitutes investment, legal, accounting, tax or other advice nor a representation that any product, service, investment or investment strategy is suitable for any recipient of this document. No legally binding terms are created herein or shall be created until definitive documentation is executed and delivered in accordance with any applicable law.
The recipients of this document are required to maintain the confidentiality of the information contained herein. Under no circumstances may this document and/or its contents be reproduced or redistributed in any format without the prior written approval of Fred Alger Management, LLC.
The following positions represented the noted percentages of Alger's firm-wide assets as of 02/28/2025: Toyo Suisan Kaisha, Ltd., 0.02%; Saudi Arabian Oil Co, 0.00%; Taiwan Semiconductor Manufacturing Co., Ltd., 0.01%; Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR, 2.06%.
Alger pays compensation to third party marketers to sell various strategies to prospective investors.
Fred Alger Management, LLC 100 Pearl Street, New York, NY, 10004 / www.alger.com
