The following positions represented the noted percentages of Alger’s assets under management as of December 31, 2019: ServiceNow, 0.21%; WorkDay Inc., 0.24%; IBM, (0.01%); and ADP, no position.
Risk Disclosures: Investing in the stock market involves gains and losses and may not be suitable for all investors. Growth stocks tend to be more volatile than other stocks as the prices of growth stocks tend to be higher in relation to their companies’ earnings and may be more sensitive to market, political and economic developments. Many technology companies have limited operating histories and prices of these companies’ securities have historically been more volatile than other securities due to increased competition, government regulation, and risk of obsolescence due to the progress of technological developments. Please visit
www.alger.com for additional risk disclosures.
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.
SHEF OSBORNSenior Vice PresidentSenior Analyst
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