NPORT-P
    false
    
      
      
        
          0000003521
          XXXXXXXX
        
      
      
      
      
        S000009159
        C000095957
        C000039971
        C000024902
        C000024900
        C000024901
      
      
      
    
  
  
    
      Alger Funds
      811-01355
      0000003521
      549300GSR7CWA7IW4H72
      360 Park Avenue South
      NULL
      New York
      
      10010
      212-806-8833
      Alger International Focus Fund
      S000009159
      549300CFILXYG5462Y67
      2021-10-31
      2021-07-31
      N
    
    
      206437395.11
      871577.76
      205565817.35
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      463982.66000000
      N
      
        
          
          
          
          
          
        
        
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
        
        
        
        
      
      
      
      
      
    
    
      
        ADYEN NV /EUR/
        724500973ODKK3IFQ447
        ADYEN NV /EUR/ 144A 0.00000000
        N3501V104
        
          
        
        1875.00000000
        NS
        
        5081132.49000000
        2.471778895685
        Long
        EC
        CORP
        NL
        Y
        
        2
        
          N
          N
          N
        
      
      
        PRO MEDICUS LTD /AUD/
        N/A
        PRO MEDICUS LTD /AUD/ 0.00000000
        Q77301101
        
          
        
        81000.00000000
        NS
        
        3462526.09000000
        1.684388063461
        Long
        EC
        CORP
        AU
        N
        
        2
        
          N
          N
          N
        
      
      
        PUMA SE /EUR/
        529900GRZ2BQY5ZM9N49
        PUMA SE /EUR/ 0.00000000
        D62318148
        
          
        
        40600.00000000
        NS
        
        4980170.40000000
        2.422664655145
        Long
        EC
        CORP
        DE
        N
        
        2
        
          N
          N
          N
        
      
      
        HOYA CORP /JPY/
        353800X4VR3BHEUCJB42
        HOYA CORP /JPY/ 0.00000000
        J22848105
        
          
        
        31600.00000000
        NS
        
        4460960.43000000
        2.170088630253
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        GRIFOLS SA-ADR
        959800HSSNXWRKBK4N60
        GRIFOLS SA-ADR 0.00000000
        398438408
        
          
        
        221941.00000000
        NS
        USD
        3375722.61000000
        1.642161451508
        Long
        EC
        CORP
        ES
        N
        
        1
        
          N
          N
          N
        
      
      
        PARTNERS GROUP HOLDING AG /CHF/
        549300I3IVVWZWDHI788
        PARTNERS GROUP HOLDING AG /CHF/ 0.00000000
        H6120A101
        
          
        
        2584.00000000
        NS
        
        4414168.85000000
        2.147326295248
        Long
        EC
        CORP
        CH
        N
        
        2
        
          N
          N
          N
        
      
      
        NANOSONICS LTD /AUD/
        549300XUBCM70BRANN81
        NANOSONICS LTD /AUD/ 0.00000000
        Q6499K102
        
          
        
        694062.00000000
        NS
        
        2716755.76000000
        1.321598987138
        Long
        EC
        CORP
        AU
        N
        
        2
        
          N
          N
          N
        
      
      
        VERBIO VEREINIGTE BIOENE /EUR/
        529900W51PINCFFALS96
        VERBIO VEREINIGTE BIOENERGI /EUR/ 0.00000000
        D86145105
        
          
        
        86508.00000000
        NS
        
        4685961.50000000
        2.279543146038
        Long
        EC
        CORP
        DE
        N
        
        2
        
          N
          N
          N
        
      
      
        CORE LABORATORIES N.V.
        724500MDYY5VBSAF5W50
        CORE LABORATORIES N.V. 0.00000000
        N22717107
        
          
        
        86000.00000000
        NS
        USD
        2868960.00000000
        1.395640596760
        Long
        EC
        CORP
        NL
        
        N
        
        1
        
          N
          N
          N
        
      
      
        AKER CARBON CAPTURE ASA /NOK/
        549300JXF011KX2HXT02
        AKER CARBON CAPTURE ASA /NOK/ 0.00000000
        R00762113
        
          
        
        1560510.00000000
        NS
        
        3455860.33000000
        1.681145423178
        Long
        EC
        CORP
        NO
        N
        
        2
        
          N
          N
          N
        
      
      
        SCHLUMBERGER LTD
        213800ZUA17OK3QLGM62
        SCHLUMBERGER LTD 0.00000000
        806857108
        
          
        
        136500.00000000
        NS
        USD
        3935295.00000000
        1.914372268079
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        LONDON STOCK EXCHANGE GR /GBP/
        213800QAUUUP6I445N30
        LONDON STOCK EXCHANGE GROUP /GBP/ 0.00000000
        G5689U103
        
          
        
        45200.00000000
        NS
        
        4712552.28000000
        2.292478555409
        Long
        EC
        CORP
        GB
        N
        
        2
        
          N
          N
          N
        
      
      
        POLYPEPTIDE GROUP AG /CHF/
        N/A
        POLYPEPTIDE GROUP AG /CHF/ 144A 0.00000000
        H6306W109
        
          
        
        36906.00000000
        NS
        
        4022828.92000000
        1.956954211482
        Long
        EC
        CORP
        CH
        
        Y
        
        2
        
          N
          N
          N
        
      
      
        EBARA CORP /JPY/
        353800UV8U3SOMCDTI49
        EBARA CORP /JPY/ 0.00000000
        J12600128
        
          
        
        111000.00000000
        NS
        
        5490618.42000000
        2.670978322554
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        HDFC BANK LTD-ADR
        335800ZQ6I4E2JXENC50
        HDFC BANK LTD-ADR 0.00000000
        40415F101
        
          
        
        66800.00000000
        NS
        USD
        4714076.00000000
        2.293219787594
        Long
        EC
        CORP
        IN
        N
        
        1
        
          N
          N
          N
        
      
      
        MONCLER SPA /EUR/
        815600EBD7FB00525B20
        MONCLER SPA /EUR/ 0.00000000
        T6730E110
        
          
        
        102586.00000000
        NS
        
        7045589.26000000
        3.427412860185
        Long
        EC
        CORP
        IT
        N
        
        2
        
          N
          N
          N
        
      
      
        SCHNEIDER ELEC SA /EUR/
        969500A1YF1XUYYXS284
        SCHNEIDER ELEC SA /EUR/ 0.00000000
        F86921107
        
          
        
        27500.00000000
        NS
        
        4605739.84000000
        2.240518340730
        Long
        EC
        CORP
        FR
        
        N
        
        2
        
          N
          N
          N
        
      
      
        TELEPERFORMANCE /EUR/
        9695004GI61FHFFNRG61
        TELEPERFORMANCE /EUR/ 0.00000000
        F9120F106
        
          
        
        12557.00000000
        NS
        
        5296280.03000000
        2.576440041576
        Long
        EC
        CORP
        FR
        N
        
        2
        
          N
          N
          N
        
      
      
        ALFEN BEHEER B.V. /EUR/
        724500HDW6IWR9J5YT90
        ALFEN BEHEER B.V. /EUR/ 144A 0.00000000
        N0227W101
        
          
        
        48600.00000000
        NS
        
        4901279.90000000
        2.384287408861
        Long
        EC
        CORP
        NL
        Y
        
        2
        
          N
          N
          N
        
      
      
        EUROFINS SCIENTIFIC /EUR/
        529900JEHFM47DYY3S57
        EUROFINS SCIENTIFIC /EUR/ 0.00000000
        L31839134
        
          
        
        49300.00000000
        NS
        
        5896645.88000000
        2.868495334494
        Long
        EC
        CORP
        LU
        N
        
        2
        
          N
          N
          N
        
      
      
        KERRY GROUP PLC-A /EUR/
        635400TLVVBNXLFHWC59
        KERRY GROUP PLC-A /EUR/ 0.00000000
        G52416107
        
          
        
        33741.00000000
        NS
        
        4999282.99000000
        2.431962207747
        Long
        EC
        CORP
        IE
        N
        
        2
        
          N
          N
          N
        
      
      
        SEA LTD-ADR
        529900OM6JLLW44YKI15
        SEA LTD-ADR 0.00000000
        81141R100
        
          
        
        9300.00000000
        NS
        USD
        2568288.00000000
        1.249375033801
        Long
        EC
        CORP
        SG
        
        N
        
        1
        
          N
          N
          N
        
      
      
        EQT AB /SEK/
        213800U7P9GOIRKCTB34
        EQT AB /SEK/ 0.00000000
        W3R27C102
        
          
        
        110298.00000000
        NS
        
        5316569.94000000
        2.586310315857
        Long
        EC
        CORP
        SE
        N
        
        2
        
          N
          N
          N
        
      
      
        PRADA S.P.A. /HKD/
        N/A
        PRADA S.P.A. /HKD/ 0.00000000
        T7733C101
        
          
        
        630000.00000000
        NS
        
        4936607.52000000
        2.401472960650
        Long
        EC
        CORP
        IT
        N
        
        2
        
          N
          N
          N
        
      
      
        SIKA AG-REG /CHF/
        549300R3N69ECGYPU434
        SIKA AG-REG /CHF/ 0.00000000
        H7631K273
        
          
        
        16700.00000000
        NS
        
        5882593.45000000
        2.861659358464
        Long
        EC
        CORP
        CH
        N
        
        2
        
          N
          N
          N
        
      
      
        LVMH MOET HENNESSY LOUIS /EUR/
        IOG4E947OATN0KJYSD45
        LVMH MOET HENNESSY LOUIS VUI /EUR/ 0.00000000
        F58485115
        
          
        
        8000.00000000
        NS
        
        6405068.68000000
        3.115823808923
        Long
        EC
        CORP
        FR
        N
        
        2
        
          N
          N
          N
        
      
      
        XERO LTD /AUD/
        254900UG5D8YST164N14
        XERO LTD /AUD/ 0.00000000
        Q98665104
        
          
        
        46600.00000000
        NS
        
        4834859.25000000
        2.351976273257
        Long
        EC
        CORP
        NZ
        N
        
        2
        
          N
          N
          N
        
      
      
        STONECO LTD-A
        549300O1A9LEF0XZCR35
        STONECO LTD-A 0.00000000
        G85158106
        
          
        
        50800.00000000
        NS
        USD
        2989072.00000000
        1.454070544671
        Long
        EC
        CORP
        BR
        N
        
        1
        
          N
          N
          N
        
      
      
        TAIWAN SEMICONDUCTOR-SP ADR
        549300KB6NK5SBD14S87
        TAIWAN SEMICONDUCTOR SPONSORED ADR /1 ADR REPS 5 ORD SHS/ 0.00000000
        874039100
        
          
        
        46700.00000000
        NS
        USD
        5447088.00000000
        2.649802418621
        Long
        EC
        CORP
        TW
        N
        
        1
        
          N
          N
          N
        
      
      
        SHISEIDO CO LTD /JPY/
        5299008QCD0YDT5OF506
        SHISEIDO CO LTD /JPY/ 0.00000000
        J74358144
        
          
        
        48000.00000000
        NS
        
        3208114.67000000
        1.560626524077
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        LASERTEC CORP /JPY/
        N/A
        LASERTEC CORP /JPY/ 0.00000000
        J38702106
        
          
        
        10799.00000000
        NS
        
        2027315.06000000
        0.986212146617
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        FERRARI NV
        549300RIVY5EX8RCON76
        FERRARI NV 0.00000000
        N3167Y103
        
          
        
        25662.00000000
        NS
        USD
        5601757.98000000
        2.725043517552
        Long
        EC
        CORP
        IT
        N
        
        1
        
          N
          N
          N
        
      
      
        WIZZ AIR HOLDINGS PLC /GBP/
        213800COXGZCORLJZA85
        WIZZ AIR HOLDINGS PLC /GBP/ 144A 0.00000000
        G96871101
        
          
        
        61900.00000000
        NS
        
        4254218.92000000
        2.069516700219
        Long
        EC
        CORP
        CH
        Y
        
        2
        
          N
          N
          N
        
      
      
        TECHTRONIC INDUSTRIES CO /HKD/
        549300HZW2SBE758OK89
        TECHTRONIC INDUSTRIES CO LTD /HKD/ 0.00000000
        Y8563B159
        
          
        
        237000.00000000
        NS
        
        4226335.70000000
        2.055952567641
        Long
        EC
        CORP
        HK
        N
        
        2
        
          N
          N
          N
        
      
      
        INDIABULLS HOUSING FINAN /INR/
        335800A2A3G53ZQZTQ21
        INDIABULLS HOUSING FINANCE L /INR/ 0.00000000
        Y3R12A119
        
          
        
        500000.00000000
        NS
        
        1855789.42000000
        0.902771406220
        Long
        EC
        CORP
        IN
        N
        
        2
        
          N
          N
          N
        
      
      
        MERCADOLIBRE INC
        549300DKPDN9M5S8GB14
        MERCADOLIBRE INC 0.00000000
        58733R102
        
          
        
        1950.00000000
        NS
        USD
        3058965.00000000
        1.488070847300
        Long
        EC
        CORP
        AR
        N
        
        1
        
          N
          N
          N
        
      
      
        BYD CO LTD-H /HKD/
        5299005557VL7ULJ7A69
        BYD CO LTD-H /HKD/ 0.00000000
        Y1023R104
        
          
        
        169000.00000000
        NS
        
        5223628.57000000
        2.541097852424
        Long
        EC
        CORP
        CN
        N
        
        2
        
          N
          N
          N
        
      
      
        ASML HOLDING NV /EUR/
        724500Y6DUVHQD6OXN27
        ASML HOLDING NV /EUR/ 0.00000000
        N07059202
        
          
        
        10500.00000000
        NS
        
        8025700.86000000
        3.904200106545
        Long
        EC
        CORP
        NL
        N
        
        2
        
          N
          N
          N
        
      
      
        FANUC CORPORATION /JPY/
        529900QTSW745LOKW705
        FANUC CORPORATION /JPY/ 0.00000000
        J13440102
        
          
        
        23500.00000000
        NS
        
        5263241.90000000
        2.560368240133
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        SAMSONITE INTERNATIONAL  /HKD/
        549300UULS5HYFJSEL12
        SAMSONITE INTERNATIONAL SA /HKD/ 144A 0.00000000
        L80308106
        
          
        
        2640157.00000000
        NS
        
        4914216.53000000
        2.390580590367
        Long
        EC
        CORP
        US
        Y
        
        2
        
          N
          N
          N
        
      
      
        UNIFIEDPOST GROUP SA /EUR/
        254900QIETDP1T932G86
        UNIFIEDPOST GROUP SA /EUR/ 0.00000000
        B9432L100
        
          
        
        112287.00000000
        NS
        
        2218938.32000000
        1.079429619478
        Long
        EC
        CORP
        BE
        N
        
        2
        
          N
          N
          N
        
      
      
        MURATA MANUFACTURING CO  /JPY/
        529900QZG6DL8ZRI7140
        MURATA MANUFACTURING CO LTD /JPY/ 0.00000000
        J46840104
        
          
        
        52200.00000000
        NS
        
        4331854.85000000
        2.107283645619
        Long
        EC
        CORP
        JP
        N
        
        2
        
          N
          N
          N
        
      
      
        NEXI SPA /EUR/
        5493000P70CQRQG8SN85
        NEXI SPA /EUR/ 144A 0.00000000
        T6S18J104
        
          
        
        188000.00000000
        NS
        
        4027785.87000000
        1.959365580291
        Long
        EC
        CORP
        IT
        Y
        
        2
        
          N
          N
          N
        
      
      
        INDIAN RAILWAY CATERING  /INR/
        335800TVHEFK23CTJG98
        INDIAN RAILWAY CATERING & TO /INR/ 0.00000000
        Y3R2EY104
        
          
        
        177000.00000000
        NS
        
        5561794.76000000
        2.705602921584
        Long
        EC
        CORP
        IN
        N
        
        2
        
          N
          N
          N
        
      
      
        CHUNBO CO LTD /KRW/
        N/A
        CHUNBO CO LTD /KRW/ 0.00000000
        Y1R14A103
        
          
        
        22800.00000000
        NS
        
        4473604.53000000
        2.176239506971
        Long
        EC
        CORP
        KR
        N
        
        2
        
          N
          N
          N
        
      
    
    
      2021-08-30
      Alger Funds
      Anthony Caputo
      Anthony Caputo
      Assistant Treasurer
    
  
  XXXX





THE ALGER FUNDS

QUARTERLY REPORT
JULY 31, 2021


THE ALGER FUNDS

 

 ALGER CAPITAL APPRECIATION FUND

Schedule of Investments July 31, 2021 (Unaudited)

COMMON STOCKS—98.8%   SHARES     VALUE
 
AEROSPACE & DEFENSE—1.2%
               
TransDigm Group, Inc.*
   
61,968
   
$
39,727,065
 
AIR FREIGHT & LOGISTICS—0.6%
               
XPO Logistics, Inc.*
   
134,738
     
18,686,813
 
APPAREL ACCESSORIES & LUXURY GOODS—1.9%
               
Capri Holdings Ltd.*
   
247,958
     
13,962,515
 
Lululemon Athletica, Inc.*
   
47,253
     
18,909,233
 
LVMH Moet Hennessy Louis Vuitton SE
   
38,613
     
30,914,865
 
             
63,786,613
 
APPLICATION SOFTWARE—10.4%
               
Adobe, Inc.*
   
215,961
     
134,247,836
 
Autodesk, Inc.*
   
39,488
     
12,680,781
 
Cadence Design Systems, Inc.*
   
163,614
     
24,157,607
 
Coupa Software, Inc.*
   
51,185
     
11,107,145
 
Five9, Inc.*
   
155,090
     
31,218,066
 
Intuit, Inc.
   
92,982
     
49,277,671
 
RingCentral, Inc., Cl. A*
   
53,188
     
14,215,557
 
salesforce.com, Inc.*
   
264,101
     
63,893,955
 
The Trade Desk, Inc., Cl. A*
   
25,996
     
2,129,332
 
Unity Software, Inc.*
   
24,704
     
2,646,293
 
             
345,574,243
 
AUTOMOBILE MANUFACTURERS—1.6%
               
General Motors Co.*
   
405,758
     
23,063,285
 
Tesla, Inc.*
   
44,119
     
30,318,577
 
             
53,381,862
 
AUTOMOTIVE RETAIL—1.7%
               
Carvana Co., Cl. A*
   
46,611
     
15,734,009
 
Lithia Motors, Inc., Cl. A
   
109,801
     
41,419,133
 
             
57,153,142
 
BIOTECHNOLOGY—0.9%
               
Horizon Therapeutics PLC*
   
146,852
     
14,688,137
 
Natera, Inc.*
   
125,393
     
14,360,006
 
             
29,048,143
 
CASINOS & GAMING—1.4%
               
DraftKings, Inc., Cl. A*
   
311,564
     
15,110,854
 
Flutter Entertainment PLC*
   
36,892
     
6,288,859
 
MGM Resorts International
   
717,084
     
26,912,163
 
             
48,311,876
 
CONSUMER FINANCE—0.1%
               
Upstart Holdings, Inc.*
   
27,218
     
3,286,846
 
DATA PROCESSING & OUTSOURCED SERVICES—8.9%
               
Fiserv, Inc.*
   
109,812
     
12,640,459
 
PayPal Holdings, Inc.*
   
316,118
     
87,099,993
 
Square, Inc., Cl. A*
   
132,239
     
32,697,415
 
Visa, Inc., Cl. A
   
659,718
     
162,547,918
 
             
294,985,785
 
DIVERSIFIED SUPPORT SERVICES—0.6%
               
Cintas Corp.
   
50,985
     
20,097,267
 

- 2 -

THE ALGER FUNDS

 

 ALGER CAPITAL APPRECIATION FUND

Schedule of Investments July 31, 2021 (Unaudited) (Continued)

COMMON STOCKS-98.8% (CONT.)
  SHARES
    VALUE
 
ELECTRICAL COMPONENTS & EQUIPMENT—1.1%
               
AMETEK, Inc.
   
82,122
   
$
11,419,064
 
Eaton Corp. PLC
   
161,451
     
25,517,331
 
             
36,936,395
 
FINANCIAL EXCHANGES & DATA—1.2%
               
CME Group, Inc., Cl. A
   
31,644
     
6,712,642
 
S&P Global, Inc.
   
75,139
     
32,213,592
 
             
38,926,234
 
FOOD DISTRIBUTORS—0.1%
               
Sysco Corp.
   
58,293
     
4,325,341
 
FOOTWEAR—1.3%
               
NIKE, Inc., Cl. B
   
254,875
     
42,694,111
 
GENERAL MERCHANDISE STORES—0.6%
               
Target Corp.
   
75,298
     
19,656,543
 
HEALTHCARE EQUIPMENT—4.9%
               
Danaher Corp.
   
271,007
     
80,621,872
 
Dexcom, Inc.*
   
23,887
     
12,313,987
 
Intuitive Surgical, Inc.*
   
47,407
     
47,002,144
 
Medtronic PLC
   
176,695
     
23,201,821
 
             
163,139,824
 
HEALTHCARE SERVICES—0.2%
               
Guardant Health, Inc.*
   
74,356
     
8,164,289
 
HEALTHCARE SUPPLIES—0.8%
               
Align Technology, Inc.*
   
36,793
     
25,600,569
 
HEALTHCARE TECHNOLOGY—0.1%
               
Veeva Systems, Inc., Cl. A*
   
14,947
     
4,973,016
 
HOME IMPROVEMENT RETAIL—0.7%
               
Lowe's Cos., Inc.
   
113,371
     
21,845,458
 
HOTELS RESORTS & CRUISE LINES—1.1%
               
Expedia Group, Inc.*
   
229,161
     
36,865,130
 
INDUSTRIAL GASES—0.2%
               
Air Products & Chemicals, Inc.
   
27,895
     
8,118,282
 
INTERACTIVE HOME ENTERTAINMENT—0.4%
               
Sea Ltd.#,*
   
43,021
     
11,880,679
 
INTERACTIVE MEDIA & SERVICES—10.1%
               
Alphabet, Inc., Cl. C*
   
62,659
     
169,456,253
 
Facebook, Inc., Cl. A*
   
307,922
     
109,712,608
 
Pinterest, Inc., Cl. A*
   
197,472
     
11,631,101
 
Snap, Inc., Cl. A*
   
611,167
     
45,483,048
 
             
336,283,010
 
INTERNET & DIRECT MARKETING RETAIL—7.1%
               
Altaba, Inc.*,@,(a)
   
259,825
     
3,058,140
 
Amazon.com, Inc.*
   
70,314
     
233,976,163
 
             
237,034,303
 
INTERNET SERVICES & INFRASTRUCTURE—2.9%
               
Shopify, Inc., Cl. A*
   
33,213
     
49,817,175
 
Snowflake, Inc., Cl. A*
   
39,447
     
10,481,857
 
Twilio, Inc., Cl. A*
   
93,995
     
35,115,592
 
             
95,414,624
 

- 3 -

THE ALGER FUNDS

 

 ALGER CAPITAL APPRECIATION FUND

Schedule of Investments July 31, 2021 (Unaudited) (Continued)
 
COMMON STOCKS—98.8% (CONT.)
 
SHARES
   
VALUE
 
INVESTMENT BANKING & BROKERAGE—0.7%
           
Morgan Stanley
   
247,042
   
$
23,711,091
 
MANAGED HEALTHCARE—0.8%
               
UnitedHealth Group, Inc.
   
63,108
     
26,014,380
 
MOVIES & ENTERTAINMENT—2.3%
               
Live Nation Entertainment, Inc.*
   
264,611
     
20,875,162
 
Netflix, Inc.*
   
26,187
     
13,553,605
 
Roku, Inc., Cl. A*
   
96,252
     
41,225,694
 
             
75,654,461
 
OIL & GAS EQUIPMENT & SERVICES—0.1%
               
Schlumberger NV
   
77,765
     
2,241,965
 
OIL & GAS EXPLORATION & PRODUCTION—0.1%
               
Pioneer Natural Resources Co.
   
15,126
     
2,198,867
 
PERSONAL PRODUCTS—0.5%
               
The Estee Lauder Cos., Inc., Cl. A
   
50,730
     
16,935,196
 
PHARMACEUTICALS—1.0%
               
Eli Lilly & Co.
   
37,352
     
9,095,212
 
Zoetis, Inc., Cl. A
   
120,434
     
24,411,972
 
             
33,507,184
 
RAILROADS—0.7%
               
Union Pacific Corp.
   
99,956
     
21,866,375
 
REGIONAL BANKS—0.5%
               
Signature Bank
   
80,394
     
18,247,026
 
RESEARCH & CONSULTING SERVICES—0.3%
               
CoStar Group, Inc.*
   
108,533
     
9,643,157
 
RESTAURANTS—2.0%
               
Chipotle Mexican Grill, Inc., Cl. A*
   
19,912
     
37,104,817
 
Starbucks Corp.
   
231,576
     
28,120,274
 
             
65,225,091
 
SEMICONDUCTOR EQUIPMENT—2.5%
               
Applied Materials, Inc.
   
115,081
     
16,103,284
 
Enphase Energy, Inc.*
   
73,186
     
13,876,066
 
Lam Research Corp.
   
71,637
     
45,662,140
 
SolarEdge Technologies, Inc.*
   
35,048
     
9,094,255
 

           
84,735,745
 
SEMICONDUCTORS—7.2%
               
Advanced Micro Devices, Inc.*
   
401,607
     
42,646,647
 
Micron Technology, Inc.*
   
247,635
     
19,211,523
 
NVIDIA Corp.
   
358,732
     
69,949,153
 
NXP Semiconductors NV
   
164,339
     
33,917,926
 
QUALCOMM, Inc.
   
266,356
     
39,900,129
 
Taiwan Semiconductor Manufacturing Co., Ltd.#
   
293,492
     
34,232,907
 
             
239,858,285
 
SPECIALTY CHEMICALS—0.5%
               
The Sherwin-Williams Co.
   
60,610
     
17,639,328
 
SYSTEMS SOFTWARE—11.3%
               
Crowdstrike Holdings, Inc., Cl. A*
   
119,371
     
30,273,679
 
Microsoft Corp.
   
1,123,973
     
320,231,147
 
SentinelOne, Inc., Cl. A*
   
45,602
     
2,248,635
 

- 4 -

THE ALGER FUNDS

 

 ALGER CAPITAL APPRECIATION FUND

Schedule of Investments July 31, 2021 (Unaudited) (Continued)
 

COMMON STOCKS—98.8% (CONT.)
  SHARES
    VALUE
 
SYSTEMS SOFTWARE—11.3% (CONT.)
           
ServiceNow, Inc.*
   
37,849
   
$
22,251,049
 
             
375,004,510
 
TECHNOLOGY HARDWARE STORAGE & PERIPHERALS—5.0%
               
Apple, Inc.
   
1,140,653
     
166,375,647
 
TRUCKING—0.5%
               
Lyft, Inc., Cl. A*
   
42,074
     
2,327,534
 
Uber Technologies, Inc.*
   
316,009
     
13,733,751
 
             
16,061,285
 
WIRELESS TELECOMMUNICATION SERVICES—0.7%
               
T-Mobile US, Inc.*
   
172,280
     
24,811,766
 
TOTAL COMMON STOCKS
               
(Cost $1,696,115,429)
           
3,285,628,822
 
REAL ESTATE INVESTMENT TRUST—0.2%
 
SHARES
   
VALUE
 
RETAIL—0.2%
           
Simon Property Group, Inc.
   
57,970
     
7,334,365
 
(Cost $5,217,588)
           
7,334,365
 
SPECIAL PURPOSE VEHICLE—0.1%
 
SHARES
   
VALUE
 
DATA PROCESSING & OUTSOURCED SERVICES—0.1%
               
Crosslink Ventures Capital LLC, Cl. A*,@,(a),(b)
   
111
     
4,351,644
 
(Cost $2,775,000)
           
4,351,644
 
Total Investments
               
(Cost $1,704,108,017)
   
99.1
%
 
$
3,297,314,831
 
Affiliated Securities (Cost $2,775,000)
           
4,351,644
 
Unaffiliated Securities (Cost $1,701,333,017)
           
3,292,963,187
 
Other Assets in Excess of Liabilities
   
0.9
%
   
30,489,810
 
NET ASSETS
   
100.0
%
 
$
3,327,804,641
 

#
American Depositary Receipts.
(a)
Security is valued in good faith at fair value determined using significant unobservable inputs pursuant to procedures established by the Board.
(b)
Deemed an affiliate of the Fund in accordance with Section 2(a)(3) of the Investment Company Act of 1940. See Note 5 - Affiliated Securities.
*
Non-income producing security.
@
Restricted security - Investment in security not registered under the Securities Act of 1933. Sales or transfers of the investment may be restricted only to qualified buyers.

Security
Acquisition
Date(s)
 
Acquisition
Cost
   
% of net assets
(Acquisition
Date)
   
Market
Value
   
% of net assets
as of
7/31/2021
 
Altaba, Inc.
10/24/18
 
$
805,470
     
0.03
%
 
$
539,278
     
0.02
%
Altaba, Inc.
10/25/18
   
1,188,343
     
0.04
%
   
791,850
     
0.02
%
Altaba, Inc.
10/29/18
   
1,156,773
     
0.04
%
   
802,643
     
0.02
%
Altaba, Inc.
10/30/18
   
751,641
     
0.03
%
   
531,357
     
0.02
%
Altaba, Inc.
10/31/18
   
271,272
     
0.01
%
   
182,553
     
0.00
%
Altaba, Inc.
11/6/18
   
321,297
     
0.01
%
   
210,459
     
0.01
%
Crosslink Ventures Capital LLC, Cl. A 10/2/20     2,775,000
      0.08
%
    4,351,644
      0.13
%
Total
                    $
 7,409,784       0.22
%

See Notes to Financial Statements.

- 5 -

THE ALGER FUNDS

 

 ALGER 35 FUND

Schedule of Investments July 31, 2021 (Unaudited)
 
COMMON STOCKS-97.0%
  SHARES
    VALUE
 
AEROSPACE & DEFENSE—3.9%
             
HEICO Corp.
   
12,009
   
$
1,624,217
 
APPLICATION SOFTWARE—7.5%
               
Adobe, Inc.*
   
2,043
     
1,269,990
 
Datadog, Inc., Cl. A*
   
7,331
     
811,542
 
Paycom Software, Inc.*
   
1,681
     
672,400
 
The Trade Desk, Inc., Cl. A*
   
4,715
     
386,205
 
             
3,140,137
 
BIOTECHNOLOGY—2.2%
               
Natera, Inc.*
   
7,926
     
907,686
 
DATA PROCESSING & OUTSOURCED SERVICES—11.7%
               
Marqeta, Inc., Cl. A*
   
41,153
     
1,104,135
 
PayPal Holdings, Inc.*
   
5,920
     
1,631,138
 
Square, Inc., Cl. A*
   
2,289
     
565,978
 
Visa, Inc., Cl. A
   
6,349
     
1,564,330
 
             
4,865,581
 
FINANCIAL EXCHANGES & DATA—2.9%
               
S&P Global, Inc.
   
2,836
     
1,215,850
 
HEALTHCARE EQUIPMENT—7.0%
               
Dexcom, Inc.*
   
1,885
     
971,736
 
Intuitive Surgical, Inc.*
   
1,958
     
1,941,279
 
             
2,913,015
 
HEALTHCARE TECHNOLOGY—2.7%
               
Veeva Systems, Inc., Cl. A*
   
3,379
     
1,124,227
 
INTERACTIVE MEDIA & SERVICES—10.1%
               
Alphabet, Inc., Cl. C*
   
464
     
1,254,851
 
Genius Sports Ltd.*
   
54,324
     
930,027
 
Pinterest, Inc., Cl. A*
   
20,520
     
1,208,628
 
Snap, Inc., Cl. A*
   
11,098
     
825,913
 
             
4,219,419
 
INTERNET & DIRECT MARKETING RETAIL—9.7%
               
Amazon.com, Inc.*
   
1,046
     
3,480,659
 
MercadoLibre, Inc.*
   
367
     
575,713
 
             
4,056,372
 
INTERNET SERVICES & INFRASTRUCTURE—1.5%
               
Shopify, Inc., Cl. A*
   
409
     
613,471
 
LIFE SCIENCES TOOLS & SERVICES—2.6%
               
Bio-Techne Corp.
   
2,265
     
1,092,274
 
OIL & GAS EQUIPMENT & SERVICES—1.4%
               
Core Laboratories NV
   
17,419
     
581,098
 
PHARMACEUTICALS—2.0%
               
Catalent, Inc.*
   
7,047
     
844,301
 
RESEARCH & CONSULTING SERVICES—2.1%
               
CoStar Group, Inc.*
   
9,890
     
878,726
 
RESTAURANTS—2.0%
               
Shake Shack, Inc., Cl. A*
   
8,138
     
818,195
 
SEMICONDUCTOR EQUIPMENT—7.3%
               
Applied Materials, Inc.
   
15,622
     
2,185,986
 

- 6 -

THE ALGER FUNDS

 

 ALGER 35 FUND

Schedule of Investments July 31, 2021 (Unaudited) (Continued)
 
COMMON STOCKS—97.0% (CONT.)
 
SHARES
   
VALUE
 
SEMICONDUCTOR EQUIPMENT—7.3% (CONT.)
           
SolarEdge Technologies, Inc.*
   
3,239
   
$
840,456
 
             
3,026,442
 
SEMICONDUCTORS—6.9%
               
Advanced Micro Devices, Inc.*
   
8,017
     
851,325
 
QUALCOMM, Inc.
   
5,633
     
843,824
 
Taiwan Semiconductor Manufacturing Co., Ltd.#
   
10,141
     
1,182,846
 
             
2,877,995
 
SYSTEMS SOFTWARE—10.4%
               
Crowdstrike Holdings, Inc., Cl. A*
   
3,429
     
869,629
 
Microsoft Corp.
   
12,164
     
3,465,645
 
             
4,335,274
 
TECHNOLOGY HARDWARE STORAGE & PERIPHERALS—3.1%
               
Apple, Inc.
   
8,756
     
1,277,150
 
TOTAL COMMON STOCKS
               
(Cost $32,220,727)
           
40,411,430
 
REAL ESTATE INVESTMENT TRUST—1.4%
 
SHARES
   
VALUE
 
RETAIL—1.4%
           
Simon Property Group, Inc.
   
4,455
     
563,647
 
(Cost $461,809)
           
563,647
 
Total Investments
               
(Cost $32,682,536)
   
98.4
%
 
$
40,975,077
 
Unaffiliated Securities (Cost $32,682,536)
           
40,975,077
 
Other Assets in Excess of Liabilities
   
1.6
%
   
684,788
 
NET ASSETS
   
100.0
%
 
$
41,659,865
 

*
Non-income producing security.
#
American Depositary Receipts.

See Notes to Financial Statements.

- 7 -

THE ALGER FUNDS

 

 ALGER GROWTH & INCOME FUND

Schedule of Investments July 31, 2021 (Unaudited)
 
COMMON STOCKS—91.5%
 
SHARES
   
VALUE
 
AEROSPACE & DEFENSE—1.5%
           
General Dynamics Corp.
   
4,078
   
$
799,411
 
Raytheon Technologies Corp.
   
8,937
     
777,072
 
TransDigm Group, Inc.*
   
1,079
     
691,736
 
             
2,268,219
 
ASSET MANAGEMENT & CUSTODY BANKS—4.4%
               
BlackRock, Inc., Cl. A
   
3,473
     
3,011,681
 
The Blackstone Group, Inc.
   
21,938
     
2,528,793
 
The Carlyle Group, Inc.
   
22,818
     
1,151,625
 
             
6,692,099
 
AUTOMOBILE MANUFACTURERS—0.2%
               
General Motors Co.*
   
5,440
     
309,210
 
BIOTECHNOLOGY—2.3%
               
AbbVie, Inc.
   
19,027
     
2,212,840
 
Amgen, Inc.
   
2,814
     
679,693
 
Gilead Sciences, Inc.
   
9,368
     
639,741
 
             
3,532,274
 
BROADCASTING—0.2%
               
ViacomCBS, Inc., Cl. B
   
6,820
     
279,143
 
BUILDING PRODUCTS—0.6%
               
Johnson Controls International PLC
   
13,534
     
966,598
 
CABLE & SATELLITE—1.5%
               
Comcast Corp., Cl. A
   
37,618
     
2,213,067
 
COMMODITY CHEMICALS—0.4%
               
Dow, Inc.
   
8,651
     
537,746
 
COMMUNICATIONS EQUIPMENT—1.2%
               
Cisco Systems, Inc.
   
32,297
     
1,788,285
 
CONSTRUCTION MACHINERY & HEAVY TRUCKS—0.2%
               
PACCAR, Inc.
   
3,193
     
264,987
 
CONSUMER ELECTRONICS—0.7%
               
Garmin Ltd.
   
6,386
     
1,003,879
 
COPPER—0.4%
               
Southern Copper Corp.
   
10,006
     
656,794
 
DATA PROCESSING & OUTSOURCED SERVICES—1.3%
               
Visa, Inc., Cl. A
   
8,062
     
1,986,396
 
DIVERSIFIED BANKS—5.2%
               
Bank of America Corp.
   
53,089
     
2,036,494
 
JPMorgan Chase & Co.
   
38,426
     
5,832,298
 
             
7,868,792
 
ELECTRIC UTILITIES—0.7%
               
NextEra Energy, Inc.
   
13,080
     
1,018,932
 
ELECTRICAL COMPONENTS & EQUIPMENT—1.0%
               
Eaton Corp. PLC
   
9,753
     
1,541,462
 
FINANCIAL EXCHANGES & DATA—1.2%
               
CME Group, Inc., Cl. A
   
8,293
     
1,759,194
 
FOOD DISTRIBUTORS—0.5%
               
Sysco Corp.
   
10,761
     
798,466
 
HEALTHCARE EQUIPMENT—0.9%
               
Medtronic PLC
   
9,912
     
1,301,545
 

- 8 -

THE ALGER FUNDS

 

 ALGER GROWTH & INCOME FUND

Schedule of Investments July 31, 2021 (Unaudited) (Continued)


 
COMMON STOCKS—91.5% (CONT.)
 
SHARES
   
VALUE
 
HEALTHCARE SERVICES—1.1%
           
CVS Health Corp.
   
20,050
   
$
1,651,318
 
HOME IMPROVEMENT RETAIL—2.8%
               
The Home Depot, Inc.
   
13,121
     
4,306,181
 
HOUSEHOLD PRODUCTS—1.5%
               
The Procter & Gamble Co.
   
16,518
     
2,349,355
 
HYPERMARKETS & SUPER CENTERS—0.8%
               
Walmart, Inc.
   
8,590
     
1,224,504
 
INDUSTRIAL CONGLOMERATES—2.2%
               
Honeywell International, Inc.
   
14,404
     
3,367,511
 
INDUSTRIAL GASES—1.1%
               
Air Products & Chemicals, Inc.
   
5,816
     
1,692,630
 
INTEGRATED OIL & GAS—2.1%
               
Chevron Corp.
   
15,195
     
1,547,003
 
Exxon Mobil Corp.
   
14,685
     
845,415
 
TotalEnergies SE#
   
18,551
     
809,380
 
             
3,201,798
 
INTEGRATED TELECOMMUNICATION SERVICES—2.0%
               
AT&T, Inc.
   
31,054
     
871,065
 
Verizon Communications, Inc.
   
37,786
     
2,107,703
 
             
2,978,768
 
INTERACTIVE MEDIA & SERVICES—9.7%
               
Alphabet, Inc., Cl. A*
   
2,072
     
5,583,066
 
Alphabet, Inc., Cl. C*
   
1,941
     
5,249,279
 
Facebook, Inc., Cl. A*
   
10,765
     
3,835,570
 
             
14,667,915
 
INTERNET & DIRECT MARKETING RETAIL—2.2%
               
Amazon.com, Inc.*
   
1,013
     
3,370,849
 
INVESTMENT BANKING & BROKERAGE—2.9%
               
Morgan Stanley
   
45,840
     
4,399,723
 
MANAGED HEALTHCARE—2.2%
               
UnitedHealth Group, Inc.
   
8,036
     
3,312,600
 
MULTI-LINE INSURANCE—0.4%
               
The Hartford Financial Services Group, Inc.
   
9,936
     
632,128
 
MULTI-UTILITIES—0.5%
               
Sempra Energy
   
5,566
     
727,198
 
OIL & GAS STORAGE & TRANSPORTATION—0.3%
               
ONEOK, Inc.
   
10,099
     
524,845
 
PHARMACEUTICALS—6.0%
               
AstraZeneca PLC#
   
14,699
     
841,371
 
Bristol-Myers Squibb Co.
   
13,462
     
913,666
 
Eli Lilly & Co.
   
4,391
     
1,069,209
 
GlaxoSmithKline PLC#,(a)
   
19,014
     
763,222
 
Johnson & Johnson
   
16,211
     
2,791,534
 
Merck & Co., Inc.
   
10,553
     
811,209
 
Novartis AG#
   
8,155
     
753,440
 
Pfizer, Inc.
   
28,623
     
1,225,351
 
             
9,169,002
 

- 9 -

THE ALGER FUNDS

 

 ALGER GROWTH & INCOME FUND

Schedule of Investments July 31, 2021 (Unaudited) (Continued)
 
COMMON STOCKS—91.5% (CONT.)
 
SHARES
   
VALUE
 
RAILROADS—0.7%
           
Union Pacific Corp.
   
4,822
   
$
1,054,861
 
RESTAURANTS—1.3%
               
McDonald's Corp.
   
4,437
     
1,076,904
 
Starbucks Corp.
   
7,343
     
891,661
 
             
1,968,565
 
SEMICONDUCTOR EQUIPMENT—2.1%
               
KLA Corp.
   
9,338
     
3,251,118
 
SEMICONDUCTORS—4.2%
               
Broadcom, Inc.
   
6,013
     
2,918,710
 
QUALCOMM, Inc.
   
15,442
     
2,313,212
 
Taiwan Semiconductor Manufacturing Co., Ltd.#
   
10,109
     
1,179,114
 
             
6,411,036
 
SOFT DRINKS—2.6%
               
PepsiCo, Inc.
   
13,893
     
2,180,506
 
The Coca-Cola Co.
   
31,149
     
1,776,428
 
             
3,956,934
 
SYSTEMS SOFTWARE—9.4%
               
Microsoft Corp.
   
50,311
     
14,334,107
 
TECHNOLOGY HARDWARE STORAGE & PERIPHERALS—7.9%
               
Apple, Inc.
   
82,465
     
12,028,345
 
TOBACCO—1.1%
               
Altria Group, Inc.
   
21,102
     
1,013,740
 
Philip Morris International, Inc.
   
7,160
     
716,644
 
             
1,730,384
 
TOTAL COMMON STOCKS
               
(Cost $49,594,752)
           
139,098,763
 
MASTER LIMITED PARTNERSHIP—0.5%
 
SHARES
   
VALUE
 
OIL & GAS STORAGE & TRANSPORTATION—0.5%
           
Cheniere Energy Partners LP
   
17,250
     
729,158
 
(Cost $584,259)
           
729,158
 
REAL ESTATE INVESTMENT TRUST—5.0%
 
SHARES
   
VALUE
 
HEALTHCARE—0.6%
           
Welltower, Inc.
   
10,370
     
900,738
 
INDUSTRIAL—0.5%
               
Americold Realty Trust
   
19,006
     
738,383
 
MORTGAGE—0.7%
               
Blackstone Mortgage Trust, Inc., Cl. A
   
33,724
     
1,093,332
 
RETAIL—0.7%
               
Simon Property Group, Inc.
   
8,560
     
1,083,011
 
SPECIALIZED—2.5%
               
Crown Castle International Corp.
   
11,708
     
2,260,698
 
CyrusOne, Inc.
   
9,552
     
680,771
 
Lamar Advertising Co., Cl. A
   
7,743
     
825,404
 

           
3,766,873
 
TOTAL REAL ESTATE INVESTMENT TRUST
               
(Cost $4,842,224)
           
7,582,337
 

- 10 -

THE ALGER FUNDS

 

 ALGER GROWTH & INCOME FUND

Schedule of Investments July 31, 2021 (Unaudited) (Continued)
 
SHORT—TERM INVESTMENTS—0.2%
 
SHARES
   
VALUE
 
MONEY MARKET FUND—0.2%
           
Invesco Government & Agency Portfolio, Cl. Institutional, 0.03%
   
246,483
   
$
246,483
 
(Cost $246,483)
           
246,483
 
Total Investments
               
(Cost $55,267,718)
   
97.2
%
 
$
147,656,741
 
Unaffiliated Securities (Cost $55,267,718)
           
147,656,741
 
Other Assets in Excess of Liabilities
   
2.8
%
   
4,261,486
 
NET ASSETS
   
100.0
%
 
$
151,918,227
 

#
American Depositary Receipts.
(a)
All or portion of the security is on loan.
*
Non-income producing security.

- 11 -

THE ALGER FUNDS
 
ALGER MID CAP GROWTH FUND
Schedule of Investments July 31, 2021 (Unaudited)

COMMON STOCKS—95.9%
 
SHARES
   
VALUE
 
ADVERTISING—1.4%
           
Magnite, Inc.*
   
142,557
   
$
4,319,477
 
AEROSPACE & DEFENSE—2.0%
               
HEICO Corp.
   
32,776
     
4,432,954
 
Textron, Inc.
   
23,224
     
1,602,688
 
             
6,035,642
 
AIR FREIGHT & LOGISTICS—0.7%
               
XPO Logistics, Inc.*
   
16,367
     
2,269,939
 
APPAREL ACCESSORIES & LUXURY GOODS—3.0%
               
Capri Holdings Ltd.*
   
31,216
     
1,757,773
 
Lululemon Athletica, Inc.*
   
11,217
     
4,488,707
 
Moncler SpA
   
42,736
     
2,935,101
 
             
9,181,581
 
APPAREL RETAIL—0.4%
               
Burlington Stores, Inc.*
   
3,360
     
1,124,928
 
APPLICATION SOFTWARE—18.6%
               
ANSYS, Inc.*
   
7,297
     
2,688,652
 
Avalara, Inc.*
   
18,229
     
3,047,342
 
Bill.com Holdings, Inc.*
   
18,210
     
3,766,192
 
Cadence Design Systems, Inc.*
   
19,332
     
2,854,370
 
Coupa Software, Inc.*
   
8,309
     
1,803,053
 
Datadog, Inc., Cl. A*
   
28,124
     
3,113,327
 
DocuSign, Inc., Cl. A*
   
17,973
     
5,356,673
 
Dynatrace, Inc.*
   
49,475
     
3,159,968
 
Fair Isaac Corp.*
   
5,259
     
2,755,243
 
Five9, Inc.*
   
25,476
     
5,128,064
 
HubSpot, Inc.*
   
3,445
     
2,053,289
 
Manhattan Associates, Inc.*
   
29,091
     
4,643,796
 
Paycom Software, Inc.*
   
15,588
     
6,235,200
 
PTC, Inc.*
   
28,913
     
3,916,266
 
Sprout Social, Inc., Cl. A*
   
41,957
     
3,727,460
 
The Trade Desk, Inc., Cl. A*
   
36,742
     
3,009,537
 
             
57,258,432
 
AUTOMOTIVE RETAIL—1.7%
               
Advance Auto Parts, Inc.
   
3,656
     
775,291
 
Carvana Co., Cl. A*
   
8,180
     
2,761,241
 
Lithia Motors, Inc., Cl. A
   
4,577
     
1,726,536
 
             
5,263,068
 
BIOTECHNOLOGY—6.6%
               
Alector, Inc.*
   
15,595
     
374,826
 
Celldex Therapeutics, Inc.*
   
34,085
     
1,491,219
 
DermTech, Inc.*
   
72,252
     
2,432,002
 
Forte Biosciences, Inc.*
   
159,745
     
4,785,960
 
Moderna, Inc.*
   
6,690
     
2,365,584
 
Morphic Holding, Inc.*
   
20,201
     
1,163,981
 
Natera, Inc.*
   
56,436
     
6,463,051
 
Novavax, Inc.*
   
7,412
     
1,329,194
 
             
20,405,817
 

- 12 -

THE ALGER FUNDS
 
ALGER MID CAP GROWTH FUND
Schedule of Investments July 31, 2021 (Unaudited) (Continued)
 
COMMON STOCKS—95.9% (CONT.)
 
SHARES
   
VALUE
 
BROADCASTING—0.8%
           
Discovery, Inc., Cl. A*
   
88,296
   
$
2,561,467
 
CASINOS & GAMING—2.4%
               
DraftKings, Inc., Cl. A*
   
30,664
     
1,487,204
 
Evolution AB
   
18,695
     
3,252,916
 
MGM Resorts International
   
69,309
     
2,601,167
 
             
7,341,287
 
CONSUMER FINANCE—1.0%
               
Upstart Holdings, Inc.*
   
25,928
     
3,131,065
 
DATA PROCESSING & OUTSOURCED SERVICES—1.9%
               
Marqeta, Inc., Cl. A*
   
102,543
     
2,751,229
 
Square, Inc., Cl. A*
   
12,347
     
3,052,919
 
             
5,804,148
 
DIVERSIFIED SUPPORT SERVICES—2.7%
               
Cintas Corp.
   
7,869
     
3,101,802
 
Copart, Inc.*
   
27,372
     
4,023,684
 
IAA, Inc.*
   
18,235
     
1,102,853
 
             
8,228,339
 
ELECTRICAL COMPONENTS & EQUIPMENT—1.8%