The views expressed are the views of Fred Alger Management, Inc. as of August 2019. These views are subject to change at any time and they do not guarantee the future performance of the markets, any security or any funds managed by Fred Alger Management, Inc. These views are not meant to provide investment advice and should not be considered a recommendation to purchase or sell securities.
This material must be accompanied by the most recent fund fact sheet(s) if used in connection with the sale of mutual fund shares.
Past performance is no guarantee of future results.
The Russell 2500 Index measure the performance of the 2,500 smallest companies in the Russell 3000 Index. The Russell 1000 Index measures the performance of the highest ranking 1,000 stocks in the Russell 3000 Index; they represent about 90% of the total market capitalization of the index. The Russell 2000 Index is a small cap stock market index of the bottom 2,000 stocks in the Russell 3000 Index. The Russell 3000 Index is a market-capitalization-weighted equity index maintained by the FTSE Russell that provides exposure to the entire U.S. stock market. The Sharpe ratio is an investment’s average return earned in excess of the risk-free rate per unit of volatility or total risk. Generally, the greater the Sharpe ratio, the more attractive the investment’s risk-adjusted return.Risk Disclosure: Investing in the stock market involves certain risks, and may not be suitable for all investors. Growth stocks tend to 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. Technology and healthcare companies may be significantly affected by competition, innovation, regulation, and product obsolescence, and may be more volatile than the securities of other companies. Investing in companies of small and medium capitalizations involve the risk that such issuers may have limited product lines or financial resources, lack management depth, or have limited liquidity. Assets may be focused in a small number of holdings, making them susceptible to risks associated with a single economic, political or regulatory event than a more diversified portfolio. Foreign securities involve special risks including currency risk and risks related to political, social, or economic conditions.
Fred Alger & Company, Incorporated 360 Park Avenue South, New York, NY 10010 / www.alger.com
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