REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 |
☒ |
Pre-Effective Amendment No. |
☐ |
Post-Effective Amendment No. 135 |
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and/or |
|
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940 |
☒ |
Amendment No. 137 |
☒ |
(Check
appropriate box or boxes) |
|
360 Park Avenue South, New York, New York |
10010 |
(Address
of Principal Executive Offices) |
(Zip
Code) |
Tina Payne, Esq. Fred Alger Management, LLC 360 Park Avenue South New York, NY 10010 (Name and Address of Agent for Service) |
Copy to: Nicole M. Runyan, Esq. Proskauer Rose LLP 11 Times Square New York, NY 10036 |
☐ |
immediately upon filing pursuant to paragraph (b), or |
☐ |
on (date) pursuant to paragraph (b), or |
☐ |
60 days after filing pursuant to paragraph (a)(1), or |
☐ |
on (date) pursuant to paragraph (a)(1), or |
☐ |
75 days after filing pursuant to paragraph (a)(2), or |
☒ |
on December 10, 2021 pursuant to paragraph (a)(2) of Rule 485 |
☐ |
This post-effective amendment designates a new effective date for a previously filed post-effective amendment. |
|
Class |
Ticker Symbol |
Alger Weatherbie Enduring Growth Fund |
A
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C |
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A-1 |
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Back Cover: For
Fund Information |
|
Class A |
Class C |
Maximum sales charge (load) imposed on purchases as a % of offering price
|
5.25%
|
None
|
Maximum deferred sales charge (load) as a % of purchase price or redemption proceeds,
whichever is lower |
None*
|
1.00%
|
|
Class A |
Class C |
Advisory Fees** |
.70%
|
.70%
|
Distribution and/or Service (12b-1) Fees |
.25%
|
1.00%
|
Other Expenses*** |
.25% |
.26% |
Total Annual Fund Operating Expenses |
1.20% |
1.96% |
Fee
Waiver and/or Expense Reimbursement**** |
.05% |
.11% |
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense
Reimbursement |
1.15% |
1.85% |
|
1 Year |
3 Years |
Class A |
$636 |
$876 |
Class C |
$288 |
$593 |
|
1 Year |
3 Years |
Class C |
$188 |
$593 |
Investment Manager |
Portfolio Managers Jointly and Primarily Responsible for Day-to-Day Management of
the Fund |
Fred Alger Management, LLC |
|
Sub-Adviser |
|
Weatherbie Capital, LLC* |
H. George Dai, Ph.D. Chief Investment Officer and Senior Portfolio Manager of Weatherbie Capital, LLC
Since Inception |
Joshua D. Bennett, CFA Chief Operating Officer and Senior Portfolio Manager of Weatherbie Capital, LLC
Since Inception |
Type of Account |
Initial
Investment |
Subsequent Investment |
Regular account |
$1,000 |
$50 |
Retirement Accounts (including IRAs) |
500 |
50 |
Automatic Investment |
500 |
50 |
Asset-based Fee Program Accounts |
250 |
50 |
Fund |
Portfolio Managers |
Since |
Alger Weatherbie Enduring Growth Fund |
H, George Dai, Ph.D. Joshua D. Bennett, CFA |
Inception Inception |
|
Class A |
Class C |
Availability |
Generally available for purchase directly from the Fund via: - Mail: Alger Family of Funds,
c/o UMB Fund Services, Inc.,
P.O. Box 2175, Milwaukee, WI
53201-2175
- Online: www.alger.com
- Telephone: 1 (800) 992-3863 Generally available through financial intermediaries. |
Generally available through financial intermediaries and group retirement plan recordkeeping platforms |
Minimum Investment |
Initial Investments Regular Account: $1,000 Retirement Accounts (including IRAs): $500 Automatic Investment: $500 Asset-based Fee Program Accounts: $250 Subsequent Investments $50 for all accounts |
Initial Investments Regular Account: $1,000 Retirement Accounts (including IRAs): $500 Automatic Investment: $500 Asset-based Fee Program Accounts: $250 Subsequent Investments $50 for all accounts |
Maximum Investment |
None |
$999,999 |
Initial Sales Charge? |
Yes. Payable at time of purchase. Lower sales charges are available for larger investments. |
No. Entire purchase price is invested in shares of the Fund. |
Deferred Sales Charge? |
No. (May be charged for purchases of $1 million or more that are redeemed within 12 months). |
Yes. Payable if you redeem within one year of purchase. |
Distribution and/or Service (12b-1) Fees? |
0.25% |
1.00% |
Redemption Fees? |
No. |
No. |
Conversion to Class A Shares? |
N/A |
Yes, automatically on the fifth business day of the month following the eighth anniversary of the purchase date. It is a financial intermediary’s responsibility to ensure that the shareholder is credited with the proper holding period. Certain financial intermediaries who hold Class C shares in an omnibus account for shareholders of group retirement plans may not track participant level aging of shares and therefore these shares may not be eligible for an automatic conversion. Shareholders who purchased Class C shares through certain financial intermediaries or group retirement plan recordkeeping platforms or whose shares are held in an omnibus account may not be eligible to participate in such Class C share conversions. |
Purchase Amount |
Sales Charge
as a % of
Offering Price |
Sales Charge
as a % of Net
Asset Value |
Dealer Allowance as a % of Offering Price |
Less than $25,000 |
5.25% |
5.54% |
5.00% |
$25,000 - $49,999 |
4.50% |
4.71% |
4.25% |
$50,000 - $99,999 |
4.00% |
4.17% |
3.75% |
$100,000 - $249,999 |
3.50% |
3.63% |
3.25% |
$250,000 - $499,999 |
2.50% |
2.56% |
2.25% |
$500,000 - $749,999 |
2.00% |
2.04% |
1.75% |
$750,000 - $999,999 |
1.50% |
1.52% |
1.25% |
$1,000,000 and over |
* |
* |
1.00% |
|
Initial
Investment |
Subsequent Investment |
Regular account |
$1,000 |
$50 |
Retirement Accounts (including IRAs) |
500 |
50 |
Automatic Investment |
500 |
50 |
Asset-based Fee Program Accounts |
250 |
50 |
Years Shares Were Held |
Contingent Deferred Sales Charge (CDSC) |
Less than one |
1% |
One or more |
0% |
|
Initial
Investment |
Subsequent Investment |
Regular account |
$1,000 |
$50 |
Retirement Accounts (including IRAs) |
500 |
50 |
Automatic Investment |
500 |
50 |
Asset-based Fee Program Accounts |
250 |
50 |
Class A |
Year 1 |
Year 2 |
Year 3 |
Year 4 |
Year 5 |
Year 6 |
Year 7 |
Year 8 |
Year 9 |
Year 10 |
Expense Ratio |
1.15% |
1.15% |
1.20% |
1.20% |
1.20% |
1.20% |
1.20% |
1.20% |
1.20% |
1.20% |
Cumulative Gross Return |
5.00% |
10.25% |
15.76% |
21.55% |
27.63% |
34.01% |
40.71% |
47.75% |
55.13% |
62.89% |
Cumulative Net Return |
-1.40% |
2.40% |
6.29% |
10.33% |
14.52% |
18.87% |
23.39% |
28.08% |
32.94% |
37.99% |
End Investment Balance |
$9,840 |
$10,219 |
$10,607 |
$11,010 |
$11,428 |
$11,863 |
$12,313 |
$12,781 |
$13,267 |
$13,771 |
Annual Expense |
$636 |
$115 |
$125 |
$130 |
$135 |
$140 |
$145 |
$151 |
$156 |
$162 |
Class C |
Year 1 |
Year 2 |
Year 3 |
Year 4 |
Year 5 |
Year 6 |
Year 7 |
Year 8 |
Year 9 |
Year 10 |
Expense Ratio |
1.85% |
1.85% |
1.96% |
1.96% |
1.96% |
1.96% |
1.96% |
1.96% |
1.96% |
1.96% |
Cumulative Gross Return |
5.00% |
10.25% |
15.76% |
21.55% |
27.63% |
34.01% |
40.71% |
47.75% |
55.13% |
62.89% |
Cumulative Net Return |
3.15% |
6.40% |
9.63% |
12.97% |
16.40% |
19.94% |
23.59% |
27.34% |
31.21% |
35.20% |
End Investment Balance |
$10,315 |
$10,640 |
$10,963 |
$11,297 |
$11,640 |
$11,994 |
$12,359 |
$12,734 |
$13,121 |
$13,520 |
Annual Expense |
$188 |
$194 |
$212 |
$218 |
$225 |
$232 |
$239 |
$246 |
$253 |
$261 |
Class A Shares Front-End Sales Charge Waivers Available at
Ameriprise Financial |
Employer-sponsored retirement plans (e.g., 401(k) plans, 457 plans,
employer-sponsored 403(b) plans, profit sharing and money purchase pension plans and defined benefit plans). For purposes of this provision, employer-sponsored retirement plans do not include SEP IRAs, Simple IRAs or SAR-SEPs. |
Shares purchased through reinvestment of capital gains distributions and dividend
reinvestment when purchasing shares of the same Fund (but not any other
fund within the same fund family). |
Shares exchanged from Class C shares of the same fund in the month of or following
the 7-year anniversary of the purchase date. To the extent that this
prospectus elsewhere provides for a waiver with respect to exchanges of Class C
shares or conversion of Class C shares following a shorter holding period, that waiver will apply. |
Employees and registered representatives of Ameriprise Financial or its affiliates
and their immediate family members. |
Shares purchased by or through qualified accounts (including IRAs, Coverdell
Education Savings Accounts, 401(k)s, 403(b) TSCAs subject to ERISA and
defined benefit plans) that are held by a covered family member, defined as an
Ameriprise financial advisor and/or the advisor’s spouse, advisor’s lineal ascendant (mother, father, grandmother, grandfather, great grandmother, great grandfather), advisor’s lineal descendant (son, step-son, daughter, step-
daughter, grandson, granddaughter, great grandson, great granddaughter) or any
spouse of a covered family member who is a lineal descendant. |
Shares purchased from the proceeds of redemptions within the same fund family,
provided (1) the repurchase occurs within 90 days following the
redemption, (2) the redemption and purchase occur in the same account, and (3)
redeemed shares were subject to a front-end or deferred sales load (i.e.
Rights of Reinstatement). |
Front-end Sales Load Waivers on Class A Shares available at Raymond
James |
Shares purchased in an investment advisory program. |
Shares purchased within the same fund family through a systematic reinvestment of
capital gains distributions and dividend reinvestment when purchasing
shares of the same fund (but not any other fund within the fund
family). |
Employees and registered representatives of Raymond James or its affiliates and
their family members as designated by Raymond James. |
Shares purchased from the proceeds of redemptions within the same fund family,
provided (1) the repurchase occurs within 90 days following the
redemption, (2) the redemption and purchase occur in the same account, and (3)
redeemed shares were subject to a front-end or deferred sales load (known as Rights of Reinstatement). |
A shareholder in the Fund’s Class C shares will have their shares converted at
net asset value to Class A shares (or the appropriate share class) of the Fund if the shares are no longer subject to a CDSC and the conversion is in line with the policies and procedures of Raymond James. |
CDSC Waivers on Classes A, B and C shares available at Raymond
James |
Death or disability of the shareholder. |
Shares sold as part of a systematic withdrawal plan as described in the fund’s
prospectus. |
CDSC Waivers on Classes A, B and C shares available at Raymond
James |
Return of excess contributions from an IRA Account. |
Shares sold as part of a required minimum distribution for IRA and retirement
accounts due to the shareholder reaching the qualified age based on applicable IRS regulations as described in the fund’s prospectus. |
Shares sold to pay Raymond James fees but only if the transaction is initiated by
Raymond James. |
Shares acquired through a right of reinstatement. |
Front-end load discounts available at Raymond James: breakpoints,
and/or rights of accumulation, and/or letters of intent |
Breakpoints as described in this prospectus. |
Rights of accumulation which entitle shareholders to breakpoint discounts will be
automatically calculated based on the aggregated holding of fund family
assets held by accounts within the purchaser’s household at Raymond James.
Eligible fund family assets not held at Raymond James may be included in the calculation of rights of accumulation only if the shareholder notifies his or her financial advisor about such assets. |
Letters of intent which allow for breakpoint discounts based on anticipated
purchases within a fund family, over a 13-month time period. Eligible fund family assets not held at Raymond James may be included in the calculation of letters of intent only if the shareholder notifies his or her financial advisor about such
assets. |
Front-end Sales Load Waivers on Class A Shares available at Morgan
Stanley |
Employer-sponsored retirement plans (e.g., 401(k) plans, 457 plans,
employer-sponsored 403(b) plans, profit sharing and money purchase pension plans and defined benefit plans). For purposes of this provision, employer-sponsored retirement plans do not include SEP IRAs, Simple IRAs, SAR-SEPs or Keogh
plans. |
Morgan Stanley employee and employee-related accounts according to Morgan
Stanley’s account linking rules. |
Shares purchased through reinvestment of dividends and capital gains distributions
when purchasing shares of the same fund. |
Shares purchased through a Morgan Stanley self-directed brokerage
account. |
Class C (i.e., level-load) shares that are no longer subject to a contingent
deferred sales charge and are converted to Class A shares of the same fund pursuant to Morgan Stanley Wealth Management’s share class conversion program. |
Shares purchased from the proceeds of redemptions within the same fund family,
provided (i) the repurchase occurs within 90 days following the redemption, (ii) the redemption and purchase occur in the same account, and (iii) redeemed shares were subject to a front-end or deferred sales charge. |
Front-end Sales Load Waivers on Class A Shares available at Merrill
Lynch |
Employer-sponsored retirement, deferred compensation and employee benefit plans
(including health savings accounts) and trusts used to fund those plans,
provided that the shares are not held in a commission-based brokerage account and
shares are held for the benefit of the plan |
Shares purchased by a 529 Plan (does not include 529 Plan units or 529-specific
share classes or equivalents) |
Shares purchased through a Merrill Lynch affiliated investment advisory
program |
Shares exchanged due to the holdings moving from a Merrill Lynch affiliated
investment advisory program to a Merrill Lynch brokerage (non-advisory)
account pursuant to Merrill Lynch’s policies relating to sales load discounts
and waivers |
Shares purchased by third party investment advisors on behalf of their advisory
clients through Merrill Lynch’s platform |
Shares of funds purchased through the Merrill Edge Self-Directed
platform |
Shares purchased through reinvestment of capital gains distributions and dividend
reinvestment when purchasing shares of the same fund (but not any other
fund within the fund family) |
Shares exchanged from Class C (i.e. level-load) shares of the same fund pursuant to Merrill
Lynch’s policies relating to sales load discounts and waivers |
Employees and registered representatives of Merrill Lynch or its affiliates and
their family members |
Directors or Trustees of the Fund, and employees of the Fund’s investment
adviser or any of its affiliates, as described in this prospectus |
Front-end Sales Load Waivers on Class A Shares available at Merrill
Lynch |
Eligible shares purchased from the proceeds of redemptions within the same fund
family, provided (1) the repurchase occurs within 90 days following the
redemption, (2) the redemption and purchase occur in the same account, and (3)
redeemed shares were subject to a front-end or deferred sales load (known as Rights of Reinstatement). Automated transactions (i.e. systematic purchases and withdrawals) and purchases made after shares are automatically sold to
pay Merrill Lynch’s account maintenance fees are not eligible for
reinstatement |
CDSC Waivers on A, B and C Shares available at Merrill
Lynch |
Death or disability of the shareholder |
Shares sold as part of a systematic withdrawal plan as described in the Fund’s
prospectus |
Return of excess contributions from an IRA Account |
Shares sold as part of a required minimum distribution for IRA and retirement
accounts pursuant to the Internal Revenue Code |
Shares sold to pay Merrill Lynch fees but only if the transaction is initiated by
Merrill Lynch |
Shares acquired through a right of reinstatement |
Shares held in retirement brokerage accounts, that are exchanged for a lower cost
share class due to transfer to certain fee based accounts or platforms
(applicable to A and C shares only) |
Shares received through an exchange due to the holdings moving from a Merrill Lynch
affiliated investment advisory program to a Merrill Lynch brokerage
(non-advisory) account pursuant to Merrill Lynch’s policies relating to sales
load discounts and waivers |
Front-end load Discounts Available at Merrill Lynch: Breakpoints,
Rights of Accumulation & Letters of Intent |
Breakpoints as described in this prospectus. |
Rights of Accumulation (ROA) which entitle shareholders to breakpoint discounts as
described in the Fund’s prospectus will be automatically calculated based on the aggregated holding of fund family assets held by accounts (including 529 program holdings, where applicable) within the purchaser’s household at
Merrill Lynch. Eligible fund family assets not held at Merrill Lynch may be included
in the ROA calculation only if the shareholder notifies his or her financial advisor about such assets |
Letters of Intent (LOI) which allow for breakpoint discounts based on anticipated
purchases within a fund family, through Merrill Lynch, over a 13-month period of time |
Front-end sales charge* waivers on Class A shares available at
Janney |
Shares purchased through reinvestment of capital gains distributions and dividend
reinvestment when purchasing shares of the same fund (but not any other
fund within the fund family). |
Shares purchased by employees and registered representatives of Janney or its
affiliates and their family members as designated by Janney. |
Shares purchased from the proceeds of redemptions within the same fund family,
provided (1) the repurchase occurs within ninety (90) days following the
redemption, (2) the redemption and purchase occur in the same account, and (3)
redeemed shares were subject to a front-end or deferred sales load (i.e., right of reinstatement). |
Employer-sponsored retirement plans (e.g., 401(k) plans, 457 plans,
employer-sponsored 403(b) plans, profit sharing and money purchase pension plans and defined benefit plans). For purposes of this provision, employer-sponsored retirement plans do not include SEP IRAs, Simple IRAs, SAR-SEPs or Keogh
plans. |
Shares acquired through a right of reinstatement. |
Class C shares that are no longer subject to a contingent deferred sales charge and
are converted to Class A shares of the same fund pursuant to Janney’s policies and procedures. |
CDSC waivers on Class A and C shares available at
Janney |
Shares sold upon the death or disability of the shareholder. |
Shares sold as part of a systematic withdrawal plan as described in the fund’s
Prospectus. |
Shares purchased in connection with a return of excess contributions from an IRA
account. |
Shares sold as part of a required minimum distribution for IRA and other retirement
accounts due to the shareholder reaching age 70½ as described in the fund’s Prospectus. |
Shares sold to pay Janney fees but only if the transaction is initiated by
Janney. |
Shares acquired through a right of reinstatement. |
Shares exchanged into the same share class of a different fund. |
Front-end sales charge* discounts available at Janney: breakpoints,
rights of accumulation, and/or letters of intent |
Breakpoints as described in the fund’s Prospectus. |
Rights of accumulation (“ROA”), which entitle shareholders to breakpoint
discounts, will be automatically calculated based on the aggregated holding of fund family assets held by accounts within the purchaser’s household at Janney. Eligible fund family assets not held at Janney may be included in the ROA
calculation only if the shareholder notifies his or her financial advisor about such
assets. |
Letters of intent which allow for breakpoint discounts based on anticipated
purchases within a fund family, over a 13-month time period. Eligible fund family assets not held at Janney Montgomery Scott may be included in the calculation of letters of intent only if the shareholder notifies his or her financial advisor
about such assets. |
Rights of Accumulation (“ROA”) |
The applicable sales charge on a purchase of Class A shares is determined by taking
into account all share classes (except certain money market funds and
any assets held in group retirement plans) of the Alger Family of Funds held by the
shareholder or in an account grouped by Edward Jones with other
accounts for the purpose of providing certain pricing considerations (“pricing
groups”). If grouping assets as a shareholder, this includes all share classes held on the Edward Jones platform and/or held on another platform. The inclusion of eligible fund family assets in the ROA calculation is dependent on the
shareholder notifying Edward Jones of such assets at the time of calculation. Money
market funds are included only if such shares were sold with a sales
charge at the time of purchase or acquired in exchange for shares purchased with a
sales charge. |
The employer maintaining a SEP IRA plan and/or SIMPLE IRA plan may elect to
establish or change ROA for the IRA accounts associated with the plan to a plan-level grouping as opposed to including all share classes at a shareholder or pricing group level. |
ROA is determined by calculating the higher of cost minus redemptions or market
value (current shares x NAV). |
Letter of Intent (“LOI”) |
Through a LOI, shareholders can receive the sales charge and breakpoint discounts
for purchases shareholders intend to make over a 13-month period from
the date Edward Jones receives the LOI. The LOI is determined by calculating the
higher of cost or market value of qualifying holdings at LOI initiation in combination with the value that the shareholder intends to buy over a 13-month period to calculate the front-end sales charge and any breakpoint discounts.
Each purchase the shareholder makes during that 13-month period will receive the
sales charge and breakpoint discount that applies to the total amount. The inclusion of eligible fund family assets in the LOI calculation is dependent on the shareholder notifying Edward Jones of such assets at the time of calculation.
Purchases made before the LOI is received by Edward Jones are not adjusted under the
LOI and will not reduce the sales charge previously paid. Sales
charges will be adjusted if LOI is not met. |
If the employer maintaining a SEP IRA plan and/or SIMPLE IRA plan has elected to
establish or change ROA for the IRA accounts associated with the plan to a plan-level grouping, LOIs will also be at the plan-level and may only be established by the employer. |
Sales Charge Waivers |
Sales charges are waived for the following shareholders and in the following
situations: |
Associates of Edward Jones and its affiliates and their family members who are in the same pricing group (as determined by Edward Jones under its
policies and procedures) as the associate. This waiver will continue for the
remainder of the associate’s life if the associate retires from Edward Jones in good-standing and remains in good standing pursuant to Edward Jones' policies and procedures. |
Shares purchased in an Edward Jones fee-based program. |
Shares purchased through reinvestment of capital gains distributions and dividend reinvestment. |
Shares purchased from the proceeds of redeemed shares of the same fund family so long as the following conditions are met: 1) the proceeds are from
the sale of shares within 60 days of the purchase, and 2) the sale and purchase are
made in the same share class and the same account or the purchase is
made in an individual retirement account with proceeds from liquidations in a
non-retirement account. |
Sales Charge Waivers |
Shares exchanged into Class A shares from another share class so long as the exchange is into the same fund and was initiated at the discretion of
Edward Jones. Edward Jones is responsible for any remaining CDSC due to the fund
company, if applicable. Any future purchases are subject to the
applicable sales charge as disclosed in the prospectus. |
Exchanges from Class C shares to Class A shares of the same fund, generally, in the 84th month following the anniversary of the purchase date or earlier
at the discretion of Edward Jones. |
Contingent Deferred Sales Charge (“CDSC”)
Waivers |
If the shareholder purchases shares that are subject to a CDSC and those shares are
redeemed before the CDSC is expired, the shareholder is responsible to
pay the CDSC except in the following conditions: |
The death or disability of the shareholder |
Systematic withdrawals with up to 10% per year of the account value |
Return of excess contributions from an Individual Retirement Account (IRA) |
Shares sold as part of a required minimum distribution for IRA and retirement accounts if the redemption is taken in or after the year the shareholder
reaches qualified age based on applicable IRS regulations |
Shares sold to pay Edward Jones fees or costs in such cases where the transaction is initiated by Edward Jones |
Shares exchanged in an Edward Jones fee-based program |
Shares acquired through NAV reinstatement |
Shares redeemed at the discretion of Edward Jones for Minimum Balances, as described below |
Minimum Purchase Amounts |
Initial purchase minimum: $250 |
Subsequent purchase minimum: none |
Minimum Balances |
Edward Jones has the right to redeem at its discretion fund holdings with a balance
of $250 or less. The following are examples of accounts that are not
included in this policy: |
A fee-based account held on an Edward Jones platform |
A 529 account held on an Edward Jones platform |
An account with an active systematic investment plan or LOI |
Exchanging Share Classes |
At any time it deems necessary, Edward Jones has the authority to exchange at NAV a
shareholder’s holdings in a fund to Class A shares of the same fund. |
Front-end Sales Load Waivers on Class A Shares available at
OPCO |
Employer-sponsored retirement, deferred compensation and employee benefit plans
(including health savings accounts) and trusts used to fund those plans,
provided that the shares are not held in a commission-based brokerage account and
shares are held for the benefit of the plan |
Shares purchased by or through a 529 Plan |
Shares purchased through a OPCO affiliated investment advisory program
|
Shares purchased through reinvestment of capital gains distributions and dividend
reinvestment when purchasing shares of the same fund (but not any other
fund within the fund family) |
Shares purchased from the proceeds of redemptions within the same fund family,
provided (1) the repurchase occurs within 90 days following the
redemption, (2) the redemption and purchase occur in the same account, and (3)
redeemed shares were subject to a front-end or deferred sales load (known as Rights of Restatement) |
Shareholders in the Fund’s Class C shares will have their shares converted at
net asset value to Class A shares (or the appropriate share class) of the Fund if the shares are no longer subject to a CDSC and the conversion is in line with the policies and procedures of OPCO |
Employees and registered representatives of OPCO or its affiliates and their family
members |
Trustees of the Fund, and employees of the Fund’s investment adviser or any of
its affiliates, as described in this prospectus |
CDSC Waivers on A, B and C Shares available at OPCO
|
Death or disability of the shareholder |
Shares sold as part of a systematic withdrawal plan as described in the Fund’s
prospectus |
Return of excess contributions from an IRA Account |
Shares sold as part of a required minimum distribution for IRA and retirement
accounts due to the shareholder reaching the qualified age based upon
applicable IRS regulations as described in the prospectus |
Shares sold to pay OPCO fees but only if the transaction is initiated by
OPCO |
Shares acquired through a right of reinstatement |
Front-end load Discounts Available at OPCO: Breakpoints, Rights of
Accumulation & Letters of Intent |
Breakpoints as described in this prospectus |
Rights of Accumulation (ROA) which entitle shareholders to breakpoint discounts will
be automatically calculated based on the aggregated holding of fund
family assets held by accounts within the purchaser’s household at OPCO.
Eligible fund family assets not held at OPCO may be included in the ROA
calculation only if the shareholder notifies his or her financial advisor about such
assets |
Front-End Sales Charge Waivers on Investor A Shares Available at
Baird |
Shares purchased through reinvestment of capital gains distributions and dividend
reinvestment when purchasing share of the same Fund |
Share purchase by employees and registers representatives of Baird or its affiliate
and their family members as designated by Baird |
Shares purchased using the proceeds of redemptions within the Alger Family of Funds,
provided (1) the repurchase occurs within 90 days following the
redemption, (2) the redemption and purchase occur in the same accounts, and (3)
redeemed shares were subject to a front-end or deferred sales charge
(known as rights of reinstatement) |
A shareholder in the Fund’s Investor C shares will have their shares converted
at net asset value to Investor A shares of the same Fund if the shares are no longer subject to CDSC and the conversion is in line with the policies and procedures of Baird |
Employer-sponsored retirement plans or charitable accounts in a transactional
brokerage account at Baird, including 401(k) plans, 457 plans, employer-
sponsored 403(b) plans, profit sharing and money purchase pension plans and defined
benefit plans. For purposes of this provision, employer-sponsored
retirement plans do not include SEP IRAs, Simple IRAs or SAR-SEPs
|
CDSC Waivers on Investor A and C Shares Available at
Baird |
Shares sold due to death or disability of the shareholder |
Shares sold as part of a systematic withdrawal plan as described in the Fund’s
prospectus |
Shares bought due to returns of excess contributions from an IRA
account |
Shares sold as part of a required minimum distribution for IRA and retirement
accounts due to the shareholder reaching the qualified age based on applicable Internal Revenue Service regulations as described in the Fund’s prospectus |
Shares sold to pay Baird fees but only if the transaction is initiated by
Baird |
Shares acquired through a right of reinstatement |
Front-End Sales Charge Discounts Available at Baird: Breakpoints
and/or Rights of Accumulations |
Breakpoints as described in the Fund’s prospectus |
Rights of accumulations which entitles shareholders to breakpoint discounts will be
automatically calculated based on the aggregated holding of assets
within the Alger Family of Funds held by accounts within the purchaser’s
household at Baird. Eligible assets within the Alger Family of Funds not held at Baird may be included in the rights of accumulations calculation only if the shareholder notifies his or her financial advisor about such assets |
Letters of Intent (LOI) allow for breakpoint discounts based on anticipated
purchases within the Alger Family of Funds through Baird, over a 13-month period of time |
Front-end Sales Load Waiver on Class A Shares Available at
Stifel |
Class C shares that have been held for more than seven (7) years will be converted
to Class A shares of the same Fund pursuant to Stifel’s policies and procedures |
All other sales charge waivers and reductions described elsewhere in the Fund’
Prospectus or SAI still apply. |
By Telephone: |
(800)
992-3863 |
By Mail: |
Alger
Family of Funds c/o UMB Fund Services, Inc.
P.O. Box 2175
Milwaukee, WI 53212-2175 |
Online |
Text
versions of Fund documents can be downloaded from the following sources: |
|
• The Fund: http://www.alger.com |
|
• SEC (EDGAR data base): www.sec.gov |
|
Class |
Ticker Symbol |
Alger Weatherbie Enduring Growth Fund |
I
|
[__] |
Y
|
[__] | |
Z |
[__] |
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1 |
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13 |
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13
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13
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14
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18 |
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18
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18
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18
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18
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20 |
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20
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20
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20
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20
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21
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22
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23
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23
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23
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23 |
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24 |
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24 |
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26 |
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Back Cover: For
Fund Information |
|
Class I |
|
None
|
|
Class I |
Advisory Fees* |
.70%
|
Distribution and/or Service (12b-1) Fees |
.25%
|
Other Expenses** |
.25% |
Total Annual Fund Operating Expenses |
1.20% |
Fee
Waiver and/or Expense Reimbursement*** |
.10% |
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense
Reimbursement |
1.10% |
|
1 Year |
3 Years |
Class I |
$112 |
$361 |
Investment Manager |
Portfolio Managers Jointly and Primarily Responsible for Day-to-Day Management of
the Fund |
Fred Alger Management, LLC |
|
Sub-Adviser |
|
Weatherbie Capital, LLC* |
H. George Dai, Ph.D. Chief Investment Officer and Senior Portfolio Manager of Weatherbie Capital, LLC
Since Inception |
Joshua D. Bennett, CFA Chief Operating Officer and Senior Portfolio Manager of Weatherbie Capital, LLC
Since Inception |
|
Class Y |
|
None
|
|
Class Y |
Advisory Fees* |
.70%
|
Distribution and/or Service (12b-1) Fees |
None
|
Other Expenses** |
.19% |
Total Annual Fund Operating Expenses |
.89% |
Fee
Waiver and/or Expense Reimbursement*** |
.19% |
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense
Reimbursement |
.70% |
|
1 Year |
3 Years |
Class Y |
$72 |
$245 |
Investment Manager |
Portfolio Managers Jointly and Primarily Responsible for Day-to-Day Management of
the Fund |
Fred Alger Management, LLC |
|
Sub-Adviser |
|
Weatherbie Capital, LLC* |
H. George Dai, Ph.D. Chief Investment Officer and Senior Portfolio Manager of Weatherbie Capital, LLC
Since Inception |
Joshua D. Bennett, CFA Chief Operating Officer and Senior Portfolio Manager of Weatherbie Capital, LLC
Since Inception |
|
Class Z |
|
None
|
|
Class Z |
Advisory Fees* |
.70%
|
Distribution and/or Service (12b-1) Fees |
None
|
Other Expenses** |
.19% |
Total Annual Fund Operating Expenses |
.89% |
Fee
Waiver and/or Expense Reimbursement*** |
.14% |
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense
Reimbursement |
0.75% |
|
1 Year |
3 Years |
Class Z |
$77 |
$255 |
Investment Manager |
Portfolio Managers Jointly and Primarily Responsible for Day-to-Day Management of
the Fund |
Fred Alger Management, LLC |
|
Sub-Adviser |
|
Weatherbie Capital, LLC* |
H. George Dai, Ph.D. Chief Investment Officer and Senior Portfolio Manager of Weatherbie Capital, LLC
Since Inception |
Joshua D. Bennett, CFA Chief Operating Officer and Senior Portfolio Manager of Weatherbie Capital, LLC
Since Inception |
Fund |
Portfolio Managers |
Since |
Alger Weatherbie Enduring Growth Fund |
H, George Dai, Ph.D. Joshua D. Bennett, CFA |
Inception Inception |
|
Class I |
Class Y |
Class Z |
Availability |
Generally available only to institutional investors, including, but not limited to, qualified pension and retirement plans.
Also available on brokerage
platforms of firms that have
agreements with the Distributor to
offer such shares solely when
acting as an agent for the
investor. |
Generally available only to institutional investors. Available for purchase through financial intermediaries. |
Generally available only to institutional investors. Available for purchase through financial intermediaries or directly from the Fund via: - Mail: Alger Family of Funds,
c/o UMB Fund Services, Inc.,
P.O. Box 2175, Milwaukee, WI
53201-2175
- Online: www.alger.com
- Telephone: 1 (800) 992-3863 |
Minimum Investment |
None |
$500,000 |
$500,000 |
Maximum Investment |
None |
None |
None |
Initial Sales Charge? |
No. Entire purchase price is invested in shares of the Fund. |
No. Entire purchase price is invested in shares of the Fund. |
No. Entire purchase price is invested in shares of the Fund. |
Deferred Sales Charge? |
No. |
No. |
No. |
Distribution and/or Service (12b-1) Fees? |
0.25% |
None |
None |
Shareholder Servicing Fee? |
None |
None |
None |
Redemption Fees? |
No. |
No. |
No. |
Conversion to Class A Shares? |
No. |
No. |
No. |
Class I |
Year 1 |
Year 2 |
Year 3 |
Year 4 |
Year 5 |
Year 6 |
Year 7 |
Year 8 |
Year 9 |
Year 10 |
Expense Ratio |
1.10% |
1.10% |
1.20% |
1.20% |
1.20% |
1.20% |
1.20% |
1.20% |
1.20% |
1.20% |
Cumulative Gross Return |
5.00% |
10.25% |
15.76% |
21.55% |
27.63% |
34.01% |
40.71% |
47.75% |
55.13% |
62.89% |
Cumulative Net Return |
3.90% |
7.95% |
12.05% |
16.31% |
20.73% |
25.32% |
30.08% |
35.03% |
40.16% |
45.48% |
End Investment Balance |
$
10,390 |
$
10,795 |
$
11,205 |
$
11,631 |
$
12,073 |
$
12,532 |
$
13,008 |
$
13,503 |
$
14,016 |
$
14,548 |
Annual Expense |
$
112 |
$
117 |
$
132 |
$
137 |
$
142 |
$
148 |
$
153 |
$
159 |
$
165 |
$171 |
Class Y |
Year 1 |
Year 2 |
Year 3 |
Year 4 |
Year 5 |
Year 6 |
Year 7 |
Year 8 |
Year 9 |
Year 10 |
Expense Ratio |
0.70% |
0.70% |
0.89% |
0.89% |
0.89% |
0.89% |
0.89% |
0.89% |
0.89% |
0.89% |
Cumulative Gross Return |
5.00% |
10.25% |
15.76% |
21.55% |
27.63% |
34.01% |
40.71% |
47.75% |
55.13% |
62.89% |
Cumulative Net Return |
4.30% |
8.78% |
13.26% |
17.91% |
22.76% |
27.80% |
33.05% |
38.52% |
44.22% |
50.14% |
End Investment Balance |
$
10,430 |
$
10,878 |
$
11,326 |
$
11,791 |
|