FOR FINANCIAL PROFESSIONAL USE ONLY. NOT TO BE USED WITH THE GENERAL PUBLIC.
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The performance data quoted represents past performance, which is not an indication or a guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance quoted. Performance figures assume all distributions are reinvested. For performance current to the most recent month end, visit www.alger.com or call 800.992.3863.
Important Disclosures: The views expressed are the views of Fred Alger Management, LLC (“FAM”) and its affiliates as of October 2023. 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. Holdings and sector allocations are subject to change.
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. Local, regional or global events such as environmental or natural disasters, war, terrorism, pandemics, outbreaks of infectious diseases and similar public health threats, recessions, or other events could have a significant impact on investments. A significant portion of assets may be invested in securities of companies in related sectors, and may be similarly affected by economic, political, or market events and conditions and may be more vulnerable to unfavorable sector developments. Income-producing securities may cut or fail to declare dividends due to market downturns or for other reasons. At times, the Portfolio may hold a large cash position, which may underperform relative to equity securities.
Investing in innovation is not without risk and there is no guarantee that investments in research and development will result in a company gaining market share or achieving enhanced revenue. Companies exploring new technologies may face regulatory, political or legal challenges that may adversely impact their competitive positioning and financial prospects. Also, developing technologies to displace older technologies or create new markets may not in fact do so, and there may be sector-specific risks as well. As is the case with any industry, there will be winners and losers that emerge and investors therefore need to conduct a significant amount of due diligence on individual companies to assess these risks and opportunities.
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.
Prior to April 1, 2011, the Fund followed a different investment objective and different strategies under the name “Alger Balanced Fund.”
Prior to March 1, 2021, the Fund was co-managed by two portfolio managers.
The following positions represent assets under management for the Alger Growth & Income Strategy as of 7/31/2023: Microsoft Corporation, 9.26%, Verizon Communications Inc., 0.74%, Home Depot, Inc., 2.51%, UnitedHealth Group Incorporated, 2.70%, Alphabet Inc. Class A, 3.29%, Alphabet Inc. Class C, 2.61%, Apple Inc., 9.00%, Broadcom Inc., 3.39%, Exxon Mobil Corporation, 1.37%, Chevron Corporation, 1.78%, TotalEnergies SE Sponsored ADR, 0.80%; AbbVie, Inc., 2.07%.
30-Day SEC Yield is a standard calculation of yield introduced by the SEC in order to provide fairer comparison among funds. The SEC yield is calculated by dividing annualized net investment income per share during a 30-day period by the maximum offering price per share as of the close of that period. SEC yield reflects the rate at which the fund is earning income on its current portfolio of securities. Negative 30-Day SEC yield results when accrued expenses of the past 30 days exceed the income collected during the past 30 days.
Dividend yield is equal to dividends per share divided by the current share price.
Free cash flow is the cash a company generates after taking into consideration cash outflows that support its operations and maintain its capital assets.
Portfolio turnover is a measure of how frequently assets within a portfolio are bought and sold by the manager. Portfolio turnover is calculated by taking either the total amount of new securities purchased or the number of securities sold (whichever is less) over a particular period, divided by the total net asset value (NAV) of the fund. The measurement is usually reported for a 12-month time period.
Tracking error is the difference in actual performance between a position (usually an entire portfolio) and its corresponding benchmark. The tracking error can be viewed as an indicator of how actively a fund is managed and its corresponding risk level. A higher tracking error indicates that the portfolio is more volatile than the benchmark and that its returns are likely to deviate more from the benchmark's returns.
Alger pays compensation to third party marketers to sell various strategies to prospective investors.
Before investing, carefully consider the Fund’s investment objective, risks, charges, and expenses. For a prospectus and summary prospectus containing this and other information or for the Fund’s most recent month performance data, visit www. alger.com, call (800) 992-3863 or consult your financial advisor. Read the prospectus and summary prospectus carefully before investing. Distributor: Fred Alger & Company, LLC. NOT FDIC INSURED. NOT BANK GUARANTEED. MAY LOSE VALUE.
Fred Alger Management, LLC 100 Pearl Street, New York, NY 10004 / 212.806.8800 / www.alger.com
