FundsAlger Family of FundsP.O. Box 2175Milwaukee, WI 53201-21751-800-992-3863
Separately Managed360 Park Avenue SouthNew York, NY 100101-800-223-3810
Invest online now. The Alger Funds give you the ability to invest directly online. After you have read the prospectus, click here to go to the Account Access Page, choose "Establish New Account" and follow the simple instructions. If you have your personal information ready the entire process will likely take just a few minutes.
When completing the application you will need to know the type of account you would like to establish (e.g. individual account, joint account, etc.), and have your social security number, date of birth and residential address available. In addition, have a copy of a check from your bank account that will be used to fund your Alger account handy.
Alternatively, you can download the prospectus and application and apply through the mail by completing a New Account Application and return it with a check payable to "The Alger Funds". Please note we do not accept cash or cash alternatives (e.g. money orders or traveler's checks) for share purchases.
Download the prospectusDownload New Account Application (non-IRA only)Download IRA New Account Application
You can view your account balance, transaction history, account statement and tax forms from our website,
www.alger.com . All you need is your User ID and password. To activate your account for the first time, click Individual Investors, then select Personal Account Access under the Account Login heading. Click on Establish User ID for an existing account on the next screen and follow the simple instructions provided.
There is a $1,000 minimum investment per Fund for classes A and C for regular
accounts, and a $500 minimum investment for qualified retirement accounts, such
as IRAs. If you are establishing an Automatic Investment Plan of at least $50,
the minimum initial investment is $500. The minimum subsequent investment into
all funds is $50.
Via online access, by check, Fed Wire, Automatic Investment Plan, Payroll
Savings Plan/Government Direct Deposit or TelePurchase Option (not available for
retirement plans).For online transactions, click here
for Personal Account Access, then enter your User ID and
password to access your account. Go to Account Options for the fund you wish to
purchase additional shares and select "Purchase."Fed Wire
Instructions - Incoming:UMB Bank n.a. Kansas City, MOABA: 101000695DDA: 9872325141Alger Family of Funds
Alger Family of FundsP.O. Box 2175Milwaukee, WI 53201-2175
Overnight MailAlger Family of FundsC/O UMB Fund Services235 W. Galenda St.Milwaukee, WI 53212
You can change your address online, by phone or by mail. If online, Log in (User
ID and password) to access your account. Use the dropdown window next to
Portfolio Options and select either Change Address - All Accounts or Change
Address - Select Accounts. If by mail send a letter with Fund and Account
numbers signed by all registered owners. Once we receive notification from you,
we can update our records and prevent delays in the delivery of your statements.
We confirm every address change in writing for the security of your account.
Please note that any redemption requested within 30 days of an address change
requires a Medallion Signature Guaranteed letter of instruction.
Yes. The Alger Funds offers the Automatic Investment Plan, an option which
allows you to have funds electronically transferred from your bank account to
your Alger Fund account on the day of the month that you select. The minimum
investment is $50 per Fund. You can either complete the Additional Services Form to add this option to your existing
Alger Fund account or Log in to add this to your existing account
You can change the amount of your Automatic Investment Plan (AIP) online, by
phone or by mail. You can change the bank information for your Automatic
Investment Plan by mail. Send a completed copy of our Additional Services Form
with your name, account number and a voided copy of a check from your new bank
account. Please indicate the day of the month the AIP should take place.
Yes. The Alger Payroll Savings Plan allows you to deposit directly to your
existing Alger Funds account from your paycheck. To sign up for The Alger
Payroll Savings Plan, complete The Alger Payroll Savings Plan Form and submit to:Alger Family of FundsP.O. Box 2175Milwaukee, WI 53201-2175
This free option allows you to request purchases into your existing Alger Funds
account via electronic funds transfer from your bank account. The minimum amount
is $500 and the maximum amount is $50,000 per transaction. Transaction requests
can be made by phone. Your purchase will take place on the business day of your
request. To add this option to your account, send us a completed Additional
This free option allows you to request redemptions from your existing Alger
Funds account via electronic funds transfer to your bank account. The minimum
amount is $500 and the maximum amount is $50,000 per transaction. Transaction
requests can be made by phone. You should receive a credit to your bank account
within two to three banking days from your request. To add this option to your
account, send us a completed Additional Services Form.
Yes, the Systematic Withdrawal Plan allows you to receive regular monthly,
quarterly or annual payments. Your account value must be at least $10,000, and
the payments must be for $50 or more. The maximum monthly withdrawal is 1% of
the current account value in the Fund at the time you begin participation in the
Plan. To add this option to your account, send us a completed Additional
Distributions for the Alger Growth & Income Fund are declared and paid
quarterly. Distributions for other Alger Funds are declared and paid annually,
typically in December.
Unless you choose to receive cash payments by checking the appropriate box on
your New Account Application, any dividends or distributions will be reinvested
automatically at the NAV on the payment dates. Distributions are paid by check
to the address of record, electronically transferred to your bank account via
the Automated Clearing House (ACH) or reinvested in additional shares. We also
offer The Cross Reinvestment Program to purchase shares of any other Alger
Contact us by phone to change the dividend option if you wish to stop or start
reinvesting for additional shares. Send us a completed Additional Services Form
to request dividends and/or capital gains be electronically transferred via ACH.
You may also access your account and change your distribution option online.
Selling your shares online:Log in to access your account
and follow the online instructions to redeem shares in your account. Proceeds
can generally be mailed to the address of record, sent via ACH to your bank
account or sent via fed wire to your bank account. Please note there is a fee to
redeem shares via fed wire.Selling your shares by
phone:You may request redemption of your shares by phone if:
- you have authorized telephone redemption privileges- your
mailing address has not changed in the last 30 days - your shares were
purchased more than 15 days before the redemption request- your shares are
not in certificate form
To request redemptions by phone, call The Alger Funds and speak to one of our
representatives. Redemption requests for funds received prior to the close of
business of the New York Stock Exchange ("NYSE"), which is normally 4:00 p.m.
ET, will be processed at that day's closing price. Requests that are received
after the market closes will automatically be processed with the next business
day's closing price.
Selling your shares by mail:To request redemptions by
mail, send a letter of instruction to The Alger Funds. The business day we
receive your letter will be your redemption date and the check is typically
mailed the next business day. Shares must be purchased more than 15 days prior
to the redemption request. The letter must be signed by all authorized signers.
Your letter must include:- your account number - your name - the
name of the fund/class of shares - the number of shares or the dollar amount
you wish to redeem - share certificates if your shares are held in
We require your letter to be Medallion Signature Guaranteed if any of
the following apply: - your redemption is for more than $25,000
or - you want the check sent to a different address than the one we have on
file or - you want the proceeds wired to a different bank than the one we
have on file or- you want the check or wire made payable to someone other
than the registered owners we have on file or - your mailing address has
changed in the last 30 days
Certain redemption requests may be subject to deferred sales charges or
redemption fees. Please check the Fund's prospectus for more information.
You may incur a 2.00% redemption fee if you redeem shares of the Fund within 30
days of having acquired them. Shareholders claiming waivers of the redemption
fee must assert their status at the time of redemption.
Your redemption request typically will be processed on the day we receive
your request in good order. Orders received before the NYSE market close
(typically 4 p.m. ET) will confirm at that day's closing price. Orders received
after the NYSE market close will confirm at the next business day's closing
Redemption checks will typically be mailed to the address of record the
business day following the redemption. If you provided bank information at the
time you opened your account, redemption proceeds in the amount of $5,000 or
more may be wired to your bank, at your request. For amounts of $500 or more,
your redemption proceeds may be sent via Electronic Funds Transfer to your bank
of record. To add or change bank information to your account records, please
send us a Medallion Signature Guaranteed, Additional Services Form.
When redeeming by phone:You may request to have your
redemption of $5,000 or more wired to your "bank of record."You may request
Federal Express (overnight delivery) of your redemption check to your address of
record. A fee will be charged to your account.
When redeeming by mail:You may request to have your
redemption of $5,000 or more wired to your bank account. Please indicate the
name of the bank, the routing number, the account number and have your written
request Medallion Signature Guaranteed.
You may request Federal Express (overnight delivery) of your redemption check
to your address of record. A fee will be charged to your account.
Yes, if you request that your redemption proceeds be wired to your bank account,
there is generally a $10 fee per wire sent to a bank account that you had
previously designated on the Fund's records, and generally a $15 fee per wire
sent to a bank account not previously designated on the Fund's records.
A Medallion Signature Guarantee is a guarantee by a financial institution that
your signature is authentic. The financial institution accepts liability for any
forgery or fraud if the signature they guaranteed proves to be counterfeit. It
is an ideal means to protect investors and their assets. Medallion Signature
Guarantees in proper form generally will be accepted from domestic banks,
brokers, dealers, credit unions, and national securities exchanges, which are
participants in the New York Stock Exchange Medallion Signature Program (MSP),
the Securities Transfer Agents Medallion Program (STAMP), and the Stock
Exchanges Medallion Program (SEMP). Notarization by a Notary Public is not an
With the exception of distributions paid to an Alger sponsored retirement plan
account, or other qualified plan, distributions are generally taxable to the
investor in the year they are paid, regardless of whether the distributions are
paid in cash or reinvested to purchase additional shares.
Net short-term capital gains and net investment income are reported on Form
1099-DIV as ordinary income. Net long term capital gains are reported on Form
1099-DIV as capital gain distributions regardless of how long you have held your
You may exchange shares from one Alger Fund for shares of another Alger Fund by
contacting us online, by phone or by mail.
Yes. Quarterly statements can be sent via E-mail or by U.S. mail. New accounts
can select the statement method directly on the New Account Application. For
existing accounts, please send in the Additional Services Form with the section
for E-Statement completed. You may also select Electronic Delivery by accessing
your account online and following the instructions.