The following is a list of questions shareholders frequently ask regarding The Alger Family of Funds. Click on the question to receive the answer.
How do I contact you?

​​​​Funds
Alger Family of Funds
P.O. Box 2175
Milwaukee, WI 53201-2175
1-800-992-3863 ​
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​ Funds Overnight Mail
Alger Family of Funds
C/O UMB Fund Services
235 W. Galena St.
Milwaukee, WI 53212


​ Separately Managed
Alger Family of Funds
​100 Pearl Street
New York, NY 10004
212-806-8800​

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How do I invest?

You can invest directly in The Alger Funds through our online Investor portal. After you have read the prospectus, click here to go to the Account Access Page, select "Individual Investors" for investments in the Mutual Funds, “Interval Investors” for investments in the Interval Funds 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, residential address, and a copy of a check from your bank account that will be used to fund your Alger account on hand.

Alternatively, you can download the prospectus and application ​and apply through the mail by completing a New Account Application and returning it with a check payable to "The Alger Family of Funds" at the address noted below. Please note we do not accept cash or cash alternatives (e.g., money orders or traveler's checks or cashier checks) for share purchases.
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​ Funds Overnight Mail
Alger Family of Funds
C/O UMB Fund Services
235 W. Galena St.
Milwaukee, WI 53212

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How do I view my account on the Alger Funds website?
You can view your account balance, transaction history, account statement, and tax forms on our website, www.alger.com​. All you need is your User ID and password. To activate your account for the first time, click “Log In” on the top right side of the page, select “Individual Investors”, “Interval Fund Investors”, or “Institutional Investors and Consultants", to go to the relevant webpage. Please click on the “Click here to log in” button.

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What is the required minimum investment to open an account?

​There is a $1,000 initial minimum investment per Fund for classes A and C for regular accounts, and a $500 initial minimum investment for qualified retirement accounts, such as IRAs. If you are establishing an Automatic Investment Plan of at least $50 monthly or quarterly, the minimum initial investment is $500. The minimum subsequent investment into all Funds is $50.​

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How do I buy additional shares?
You may purchase additional shares online, by check, wire, Automatic Investment Plan, or Phone.

To purchase shares online, click here to access your Account , then enter your User ID and password . Go to Account Options for the Fund you wish to purchase additional shares and select "Purchase." Payment for online share purchases can only be made by electronic funds transfer via Automatic Clearing House (ACH) from your bank instructions on record. If you have not previously established bank instructions on your account, you can log in to your account online or complete an Account Privilege Change Form with Medallion Signature Guarantee Stamp.

To purchase by wire, please arrange the wire with your bank with the following wire instructions:

UMB Bank n.a. Kansas City, MO ABA: 101000695 DDA: 9872325141 Credit to: Alger Family of Funds For Further Credit to: Your Name, Alger Funds Account Number, Fund Name,

To purchase by check, please mail a check payable to Alger Family of Funds and provide your Account Number and Fund Name to:

Regular Mail
Alger Family of Funds
P.O. Box 2175 Milwaukee, WI 53201-2175

Overnight Mail
Alger Family of Funds
C/O UMB Fund Services
​235 W. Galena St. Milwaukee, WI 53212

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How do I change my address?

You can change your address online, by phone or by mail. If online, log in​ (User ID and password) to access your account. 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.


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Can I have money automatically drawn from my bank account and invested into my Alger Funds account?

​Yes. The Alger Funds offers the Automatic Investment Plan, an option which allows you to have funds electronically transferred via ACH from your bank account to your Alger Fund account monthly or quarterly. The minimum investment amount is $50. You can either complete the Account Privileges Change Form to add this option to your existing Alger Fund account or log in​ to add this to your existing account online.​


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How do I change my Automatic Investment Plan?
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 online or by mail by sending a completed copy of our Account Privileges Change Form​ with your name, account number, a voided copy of a check from your new bank account, and a Medallion Signature Guarantee Stamp.
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Do the Alger Funds accept Direct Payroll Deposit?
No. The Alger Funds do not allow you to deposit directly from your paycheck into your existing Alger Funds account.​​
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Do the Alger Funds offer systematic withdrawal?
Yes, the Systematic Withdrawal Plan allows you to receive regular monthly, quarterly, or annual payments from your Mutual Funds account. Your account value must be at least $10,000, and the payment must each be $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 Systematic Withdrawal Plan. To add this option to your account, send us a completed Account Privileges Form​.

The Systematic Withdrawal option is not available for the Interval Fund Investors.

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When are distributions paid?

​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.​

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How are dividends and capital gains distributions paid?
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 may be 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 Fund.
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How do I change my dividend option?
Contact us by phone to change the dividend option if you wish to stop or start reinvesting for additional shares. Send us a completed Account Privileges Change Form to request that dividends and/or capital gains be electronically transferred via ACH. You may also access your account and change your distribution option online​.​
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How do I sell my shares?
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Selling your shares online: 

Mutual Funds: If you have online redemption privileges, you can sell your Fund shares online. Log in to your account online and follow the instructions to redeem shares in your account. Proceeds can be mailed by check to the address of record, sent by electronic funds transfer via ACH to your bank account on record with no additional fee, or by wire to your bank account on record with an additional wire fee.

Interval Funds: The Fund conducts quarterly repurchase offers for at least 5% of its outstanding shares. Shareholders will be notified of each repurchase offer and the applicable deadline. During each repurchase period, shareholders may request that some or all of their shares be repurchased, subject to the terms and limitations described in the Fund’s prospectus.

Please click here to view the Repurchase Schedule. The Repurchase Request Form can be accessed here​.

What is a repurchase offer?

A repurchase offer is the process through which the Fund offers to buy back a specified percentage of its outstanding shares from investors at NAV. Repurchase offers occur at predetermined intervals and are communicated to shareholders in advance.

Selling your shares by phone:

Mutual Fund Investors 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 and
- 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 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.

Redemption by phone option is not available for the Interval Funds.

Selling your shares by mail:

Mutual Funds: 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 checks are 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 and the class of shares
- the number of shares or the dollar amount you wish to redeem
- Payment method – check to address on record, ACH to bank on record or wire to bank on record
- share certificates if your shares are held in certificate form
- signatures of all registered owners

Interval Funds: The Fund conducts quarterly repurchase offers for at least 5% of its outstanding shares. Shareholders will be notified of each repurchase offer and the applicable deadline. During each repurchase period, shareholders may request that some or all of their shares be repurchased, subject to the terms and limitations described in the Fund’s prospectus.

Please click here ​to view the Repurchase Schedule. The Repurchase Request Form can be accessed here​.

We require your letter to be Medallion Signature Guaranteed if any of the following apply:
- your redemption is for more than $50,000 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. Please check the Fund's prospectus for more information.

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Do the Alger Funds charge a redemption fee?

​No, the Alger Funds do not charge a redemption fee. Certain redemption requests may be subject to deferred sales charges. ​Please check the Fund’s prospectus for more information.

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How long does it take to process my redemption request?

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 be confirmed at that day's closing price. Orders received after the NYSE market close will be confirmed at the next business day's closing price.

Redemption proceeds will typically be sent by check to the address of record, or by electronic funds transfer via ACH to your bank of record, or by wire to the bank of record on the business day following the redemption date. Please note there is an additional wire fee if proceeds are sent by wire. To add or change bank information to your account, pl​​ease log in to your account or send us a Medallion Signature Guaranteed Account Privileges Change Form​.

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How can I rush the delivery of my redemption proceeds?
When redeeming by phone:
If you have the telephone redemption option on your account, you may request redemption of your Fund shares by phone in a minimum amount of $500 up to $50,000. You may request your redemption proceeds wired to the bank account on record. You may also request overnight delivery of your redemption check to your address of record. A wire fee or an overnight fee will be charged to your account. Please contact us​ for more information.

When redeeming by mail:
You may request to have your redemption proceeds wired to your bank account on record. You may also request overnight delivery of your redemption check to your address of record. A wire fee or an overnight fee will be charged to your account. Please contact us for more information.

If you currently do not have bank instructions listed on your account, please provide a written request with the name of the bank, the routing number, the account number, and the account owner’s name. A Medallion Signature Guarantee Stamp is required for all bank account owner(s) signatures included in the written request.
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Are there any fees to redeem shares via Fed Wire?

​Yes, if you request that your redemption proceeds be wired to your bank account, there is generally a $20 fee per wire.​​

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What is a Medallion Signature Guarantee and where do I get one?

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 acceptable guarantee.​
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Are my dividend and capital gain distributions taxable?

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.
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Will I receive a 1099 if my total distributions are under $10?

​No, a 1099-DIV will not be issued if your total distribution amount is less than $10 per Fund for the year.​

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How will distributions be reported on my Form 1099-DIV?
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 shares.

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What type of tax reporting can I expect from Alger?
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Tax Form
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Who receives it
When is it mailed
Form 1099-DIV reports gross dividends, capital gain distributions, federal income tax withheld, and foreign taxes paid (if any). This information must be reported to the IRS on your federal income tax return, whether they were paid in cash or reinvested in additional Fund shares.


Shareholders with accounts in any Fund with annual distributions of $10 or more, except Alger sponsored retirement plan accounts.1099-DIV tax forms are mailed by February 15th.
Form 1099-B reports redemptions (including redemptions by exchange) in any Fund except Alger-sponsored retirement plan accounts. It may also report cost basis information on shares sold.


Shareholders with accounts in any Fund except Alger sponsored retirement plan accounts.1099-B tax forms are
mailed by February 15th.
Form 1099-R reports distributions from an IRA or other Qualified Retirement Plan accounts, including any federal income tax withheld.


Shareholders who took a distribution from an Alger sponsored retirement plan account.1099-R tax forms are
mailed by January 31st.
Form 1099-Q reports distributions from qualified education programs including tuition plans and Coverdell Education Savings Accounts (ESA).


Shareholders who took a distribution during the calendar year from an Alger sponsored ESA.1099-Q tax forms are
mailed by January 31st.
Form 1042S reports income paid to, and federal income tax withheld from, nonresident aliens and other foreign entities.


Foreign persons with U.S. ordinary investment income.1042S tax forms are
mailed by March 15th.
Form 5498-ESA reports contributions and rollovers to Alger sponsored ESAs.


Shareholders in Alger sponsored ESAs who made a contribution or rollover for the prior calendar year.5498-ESA tax forms are mailed by April 30th
Form 5498 reports retirement account contributions and the fair market value of all Alger sponsored retirement accounts. (Because IRA contributions are allowed through April 15th of the following year, Form 5498 is not mailed until May.) All shareholders in Alger sponsored retirement plan accounts that made a contribution or rollover for the prior calendar year.5498 tax forms are
mailed by May​ 31st. ​
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How do I exchange shares of one Alger Fund for shares of another Alger Fund?

​You may exchange shares from one Alger Fund for shares of another Alger Fund by contacting us online​, by phone or by mail.​

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Can I receive Account Statements via E-mail?

​You can opt to receive electronic delivery of a notice of availability of your quarterly statements by logging​ into your account online, selecting “I Want To” from the menu on the top right of the screen, and clicking on “Delivery Preferences” under “Edit My Contact”.​

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Where can I find Applications, IRA Applications and Forms?

Applications and forms can be found on our website at www.Alger.com​ or by calling our shareholder services telephone number toll free at 1 800 992 3863.


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