NPORT-P
    false
    
      
      
        
          0000003521
          XXXXXXXX
        
      
      
      
      
        S000009161
        C000024906
        C000111113
        C000024908
      
      
      
    
  
  
    
      Alger Funds
      811-01355
      0000003521
      549300GSR7CWA7IW4H72
      360 Park Avenue South
      NULL
      New York
      
      10010
      212-806-8833
      Alger Growth & Income Fund
      S000009161
      549300Z3IBVWQ2ZWSQ23
      2021-10-31
      2021-07-31
      N
    
    
      152339723.04
      453613.92
      151886109.12
      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
      4287513.03000000
      
        
      
      N
      
        
          
          
          
        
        
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
        
        
        
        
      
      
      
      
      
    
    
      
        GENERAL MOTORS CO
        54930070NSV60J38I987
        GENERAL MOTORS CO 0.00000000
        37045V100
        
          
        
        5440.00000000
        NS
        USD
        309209.60000000
        0.203579907202
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        DOW INC
        5493003S21INSLK2IP73
        DOW INC 0.00000000
        260557103
        
          
        
        8651.00000000
        NS
        USD
        537746.16000000
        0.354045648489
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        PROCTER & GAMBLE CO/THE
        2572IBTT8CCZW6AU4141
        PROCTER & GAMBLE CO/THE 0.00000000
        742718109
        
          
        
        16518.00000000
        NS
        USD
        2349355.14000000
        1.546787361669
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        AT&T INC
        549300Z40J86GGSTL398
        AT&T INC 0.00000000
        00206R102
        
          
        
        31054.00000000
        NS
        USD
        871064.70000000
        0.573498593812
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        AMGEN INC
        62QBXGPJ34PQ72Z12S66
        AMGEN INC 0.00000000
        031162100
        
          
        
        2814.00000000
        NS
        USD
        679693.56000000
        0.447502121120
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        ABBVIE INC
        FR5LCKFTG8054YNNRU85
        ABBVIE INC 0.00000000
        00287Y109
        
          
        
        19027.00000000
        NS
        USD
        2212840.10000000
        1.456907489974
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        APPLE INC
        HWUPKR0MPOU8FGXBT394
        APPLE INC 0.00000000
        037833100
        
          
        
        82465.00000000
        NS
        USD
        12028344.90000000
        7.919318606349
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        CHENIERE ENERGY PARTNERS LP
        N/A
        CHENIERE ENERGY PARTNERS LP 0.00000000
        16411Q101
        
          
        
        17250.00000000
        NS
        USD
        729157.50000000
        0.480068588381
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        BLACKSTONE MORTGAGE TRU-CL A
        549300OLDJ20R2Y2UW20
        BLACKSTONE MORTGAGE TRU-CL A 0.00000000
        09257W100
        
          
        
        33724.00000000
        NS
        USD
        1093332.08000000
        0.719836781871
        Long
        RE
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        AMAZON.COM INC
        ZXTILKJKG63JELOEG630
        AMAZON.COM INC 0.00000000
        023135106
        
          
        
        1013.00000000
        NS
        USD
        3370848.67000000
        2.219326500316
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        MICROSOFT CORP
        INR2EJN1ERAN0W5ZP974
        MICROSOFT CORP 0.00000000
        594918104
        
          
        
        50311.00000000
        NS
        USD
        14334107.01000000
        9.437404837775
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        WELLTOWER INC
        T6IZ0MBEG5ACZDTR7D06
        WELLTOWER INC 0.00000000
        95040Q104
        
          
        
        10370.00000000
        NS
        USD
        900738.20000000
        0.593035271769
        Long
        RE
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        ALPHABET INC-CL C
        5493006MHB84DD0ZWV18
        ALPHABET INC-CL C 0.00000000
        02079K107
        
          
        
        1941.00000000
        NS
        USD
        5249279.22000000
        3.456062737016
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        VISA INC-CLASS A SHARES
        549300JZ4OKEHW3DPJ59
        VISA INC-CLASS A SHARES 0.00000000
        92826C839
        
          
        
        8062.00000000
        NS
        USD
        1986396.18000000
        1.307819517866
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Invesco
        N/A
        SHORT TERM INVTS TR GOVT AGN INSTL
        825252885
        
          
        
        246482.75000000
        OU
        N/A
        USD
        246482.75000000
        0.162281298420
        Long
        STIV
        RF
        US
        N
        
        1
        
          
          N
          N
        
      
      
        BRISTOL-MYERS SQUIBB CO
        HLYYNH7UQUORYSJQCN42
        BRISTOL-MYERS SQUIBB CO 0.00000000
        110122108
        
          
        
        13462.00000000
        NS
        USD
        913665.94000000
        0.601546741366
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        ONEOK INC
        2T3D6M0JSY48PSZI1Q41
        ONEOK INC 0.00000000
        682680103
        
          
        
        10099.00000000
        NS
        USD
        524845.03000000
        0.345551698598
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        FACEBOOK INC-CLASS A
        BQ4BKCS1HXDV9HN80Z93
        FACEBOOK INC-CLASS A 0.00000000
        30303M102
        
          
        
        10765.00000000
        NS
        USD
        3835569.50000000
        2.525293143805
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        NEXTERA ENERGY INC
        N/A
        NEXTERA ENERGY INC 0.00000000
        65339F101
        
          
        
        13080.00000000
        NS
        USD
        1018932.00000000
        0.670852657891
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        CME GROUP INC
        LCZ7XYGSLJUHFXXNXD88
        CME GROUP INC 0.00000000
        12572Q105
        
          
        
        8293.00000000
        NS
        USD
        1759194.09000000
        1.158232375687
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        HONEYWELL INTERNATIONAL INC
        ISRPG12PN4EIEOEMW547
        HONEYWELL INTERNATIONAL INC 0.00000000
        438516106
        
          
        
        14404.00000000
        NS
        USD
        3367511.16000000
        2.217129123598
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        PACCAR INC
        KDTEY8BWE486IKZ3CC07
        PACCAR INC 0.00000000
        693718108
        
          
        
        3193.00000000
        NS
        USD
        264987.07000000
        0.174464321678
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        EATON CORP PLC
        549300VDIGTMXUNT7H71
        EATON CORP PLC 0.00000000
        G29183103
        
          
        
        9753.00000000
        NS
        USD
        1541461.65000000
        1.014879937955
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        GENERAL DYNAMICS CORP
        9C1X8XOOTYY2FNYTVH06
        GENERAL DYNAMICS CORP 0.00000000
        369550108
        
          
        
        4078.00000000
        NS
        USD
        799410.34000000
        0.526322219083
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        BLACKROCK INC
        549300LRIF3NWCU26A80
        BLACKROCK INC 0.00000000
        09247X101
        
          
        
        3473.00000000
        NS
        USD
        3011681.41000000
        1.982855066502
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        MERCK & CO. INC.
        4YV9Y5M8S0BRK1RP0397
        MERCK & CO. INC. 0.00000000
        58933Y105
        
          
        
        10553.00000000
        NS
        USD
        811209.11000000
        0.534090388317
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        CARLYLE GROUP INC/THE
        529900NGGVF94UK6PG95
        CARLYLE GROUP INC/THE 0.00000000
        14316J108
        
          
        
        22818.00000000
        NS
        USD
        1151624.46000000
        0.758215788574
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        SEMPRA
        PBBKGKLRK5S5C0Y4T545
        SEMPRA 0.00000000
        816851109
        
          
        
        5566.00000000
        NS
        USD
        727197.90000000
        0.478778411148
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        TOTALENERGIES SE -SPON ADR
        529900S21EQ1BO4ESM68
        TOTALENERGIES SE -SPON ADR 0.00000000
        89151E109
        
          
        
        18551.00000000
        NS
        USD
        809380.13000000
        0.532886209732
        Long
        EC
        CORP
        FR
        N
        
        1
        
          N
          N
          N
        
      
      
        AIR PRODUCTS & CHEMICALS INC
        7QEON6Y1RL5XR3R1W237
        AIR PRODUCTS & CHEMICALS INC 0.00000000
        009158106
        
          
        
        5816.00000000
        NS
        USD
        1692630.48000000
        1.114407689950
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        AMERICOLD REALTY TRUST
        549300R7N1V5YV8MWH02
        AMERICOLD REALTY TRUST 0.00000000
        03064D108
        
          
        
        19006.00000000
        NS
        USD
        738383.10000000
        0.486142613223
        Long
        RE
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        UNION PACIFIC CORP
        549300LMMRSZZCZ8CL11
        UNION PACIFIC CORP 0.00000000
        907818108
        
          
        
        4822.00000000
        NS
        USD
        1054860.72000000
        0.694507697979
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        HARTFORD FINANCIAL SVCS GRP
        IU7C3FTM7Y3BQM112U94
        HARTFORD FINANCIAL SVCS GRP 0.00000000
        416515104
        
          
        
        9936.00000000
        NS
        USD
        632128.32000000
        0.416185735260
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        HOME DEPOT INC
        QEKMOTMBBKA8I816DO57
        HOME DEPOT INC 0.00000000
        437076102
        
          
        
        13121.00000000
        NS
        USD
        4306180.99000000
        2.835138127475
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        STARBUCKS CORP
        OQSJ1DU9TAOC51A47K68
        STARBUCKS CORP 0.00000000
        855244109
        
          
        
        7343.00000000
        NS
        USD
        891660.49000000
        0.587058615936
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        PFIZER INC
        765LHXWGK1KXCLTFYQ30
        PFIZER INC 0.00000000
        717081103
        
          
        
        28623.00000000
        NS
        USD
        1225350.63000000
        0.806756218260
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        NOVARTIS AG-SPONSORED ADR
        5493007HIVTX6SY6XD66
        NOVARTIS AG-SPONSORED ADR 0.00000000
        66987V109
        
          
        
        8155.00000000
        NS
        USD
        753440.45000000
        0.496056192607
        Long
        EC
        CORP
        CH
        N
        
        1
        
          N
          N
          N
        
      
      
        WALMART INC
        Y87794H0US1R65VBXU25
        WALMART INC 0.00000000
        931142103
        
          
        
        8590.00000000
        NS
        USD
        1224504.50000000
        0.806199136375
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        CYRUSONE INC
        5493006S177ZK2ZNBU43
        CYRUSONE INC 0.00000000
        23283R100
        
          
        
        9552.00000000
        NS
        USD
        680771.04000000
        0.448211521082
        Long
        RE
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        VIACOMCBS INC - CLASS B
        5KYC8KF17ROCY24M3H09
        VIACOMCBS INC - CLASS B 0.00000000
        92556H206
        
          
        
        6820.00000000
        NS
        USD
        279142.60000000
        0.183784153545
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        ASTRAZENECA PLC-SPONS ADR
        PY6ZZQWO2IZFZC3IOL08
        ASTRAZENECA PLC-SPONS ADR 0.00000000
        046353108
        
          
        
        14699.00000000
        NS
        USD
        841370.76000000
        0.553948458403
        Long
        EC
        CORP
        GB
        N
        
        1
        
          N
          N
          N
        
      
      
        ELI LILLY & CO
        FRDRIPF3EKNDJ2CQJL29
        ELI LILLY & CO 0.00000000
        532457108
        
          
        
        4391.00000000
        NS
        USD
        1069208.50000000
        0.703954104950
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        TRANSDIGM GROUP INC
        N/A
        TRANSDIGM GROUP INC 0.00000000
        893641100
        
          
        
        1079.00000000
        NS
        USD
        691736.11000000
        0.455430792195
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        COCA-COLA CO/THE
        UWJKFUJFZ02DKWI3RY53
        COCA-COLA CO/THE 0.00000000
        191216100
        
          
        
        31149.00000000
        NS
        USD
        1776427.47000000
        1.169578627230
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        CROWN CASTLE INTL CORP
        54930012H97VSM0I2R19
        CROWN CASTLE INTL CORP 0.00000000
        22822V101
        
          
        
        11708.00000000
        NS
        USD
        2260697.72000000
        1.488416375334
        Long
        RE
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        QUALCOMM INC
        H1J8DDZKZP6H7RWC0H53
        QUALCOMM INC 0.00000000
        747525103
        
          
        
        15442.00000000
        NS
        USD
        2313211.60000000
        1.522990886659
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        COMCAST CORP-CLASS A
        51M0QTTNCGUN7KFCFZ59
        COMCAST CORP-CLASS A 0.00000000
        20030N101
        
          
        
        37618.00000000
        NS
        USD
        2213066.94000000
        1.457056838720
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        VERIZON COMMUNICATIONS INC
        2S72QS2UO2OESLG6Y829
        VERIZON COMMUNICATIONS INC 0.00000000
        92343V104
        
          
        
        37786.00000000
        NS
        USD
        2107703.08000000
        1.387686531843
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        PHILIP MORRIS INTERNATIONAL
        HL3H1H2BGXWVG3BSWR90
        PHILIP MORRIS INTERNATIONAL 0.00000000
        718172109
        
          
        
        7160.00000000
        NS
        USD
        716644.40000000
        0.471830112807
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        TAIWAN SEMICONDUCTOR-SP ADR
        549300KB6NK5SBD14S87
        TAIWAN SEMICONDUCTOR SPONSORED ADR /1 ADR REPS 5 ORD SHS/ 0.00000000
        874039100
        
          
        
        10109.00000000
        NS
        USD
        1179113.76000000
        0.776314415341
        Long
        EC
        CORP
        TW
        N
        
        1
        
          N
          N
          N
        
      
      
        EXXON MOBIL CORP
        J3WHBG0MTS7O8ZVMDC91
        EXXON MOBIL CORP 0.00000000
        30231G102
        
          
        
        14685.00000000
        NS
        USD
        845415.45000000
        0.556611433987
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        MEDTRONIC PLC
        549300GX3ZBSQWUXY261
        MEDTRONIC PLC 0.00000000
        G5960L103
        
          
        
        9912.00000000
        NS
        USD
        1301544.72000000
        0.856921496995
        Long
        EC
        CORP
        IE
        
        N
        
        1
        
          N
          N
          N
        
      
      
        MCDONALD'S CORP
        UE2136O97NLB5BYP9H04
        MCDONALD'S CORP 0.00000000
        580135101
        
          
        
        4437.00000000
        NS
        USD
        1076904.27000000
        0.709020907994
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        CHEVRON CORP
        N/A
        CHEVRON CORP 0.00000000
        166764100
        
          
        
        15195.00000000
        NS
        USD
        1547002.95000000
        1.018528263685
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        KLA CORP
        549300H0BF5JCG96TJ81
        KLA CORP 0.00000000
        482480100
        
          
        
        9338.00000000
        NS
        USD
        3251118.08000000
        2.140497310014
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        BLACKSTONE GROUP INC/THE
        5299004LW4QWGZUB8Y96
        BLACKSTONE GROUP INC/THE 0.00000000
        09260D107
        
          
        
        21938.00000000
        NS
        USD
        2528793.26000000
        1.664927276530
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        RAYTHEON TECHNOLOGIES CORP
        I07WOS4YJ0N7YRFE7309
        RAYTHEON TECHNOLOGIES CORP 0.00000000
        75513E101
        
          
        
        8937.00000000
        NS
        USD
        777072.15000000
        0.511615021612
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        GLAXOSMITHKLINE PLC-SPON ADR
        5493000HZTVUYLO1D793
        GLAXOSMITHKLINE PLC-SPON ADR 0.00000000
        37733W105
        
          
        
        19014.00000000
        NS
        USD
        763221.96000000
        0.502496221953
        Long
        EC
        CORP
        GB
        N
        
        1
        
          N
          N
          
        
      
      
        MORGAN STANLEY
        IGJSJL3JD5P30I6NJZ34
        MORGAN STANLEY 0.00000000
        617446448
        
          
        
        45840.00000000
        NS
        USD
        4399723.20000000
        2.896725201199
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        GARMIN LTD
        2549001E0HIPIJQ0W046
        GARMIN LTD 0.00000000
        H2906T109
        
          
        
        6386.00000000
        NS
        USD
        1003879.20000000
        0.660942074174
        Long
        EC
        CORP
        CH
        
        N
        
        1
        
          N
          N
          N
        
      
      
        CVS HEALTH CORPORATION_
        549300EJG376EN5NQE29
        CVS HEALTH CORPORATION_ 0.00000000
        126650100
        
          
        
        20050.00000000
        NS
        USD
        1651318.00000000
        1.087208046586
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        JPMORGAN CHASE & CO
        8I5DZWZKVSZI1NUHU748
        JPMORGAN CHASE & CO 0.00000000
        46625H100
        
          
        
        38426.00000000
        NS
        USD
        5832298.28000000
        3.839915522091
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        SYSCO CORP
        5RGWIFLMGH3YS7KWI652
        SYSCO CORP 0.00000000
        871829107
        
          
        
        10761.00000000
        NS
        USD
        798466.20000000
        0.525700608585
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        BANK OF AMERICA CORP
        9DJT3UXIJIZJI4WXO774
        BANK OF AMERICA CORP 0.00000000
        060505104
        
          
        
        53089.00000000
        NS
        USD
        2036494.04000000
        1.340803350483
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        JOHNSON CONTROLS INTERNATION
        549300XQ6S1GYKGBL205
        JOHNSON CONTROLS INTERNATION 0.00000000
        G51502105
        
          
        
        13534.00000000
        NS
        USD
        966598.28000000
        0.636396761758
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        SOUTHERN COPPER CORP
        N/A
        SOUTHERN COPPER CORP 0.00000000
        84265V105
        
          
        
        10006.00000000
        NS
        USD
        656793.84000000
        0.432425219004
        Long
        EC
        CORP
        PE
        N
        
        1
        
          N
          N
          N
        
      
      
        PEPSICO INC
        FJSUNZKFNQ5YPJ5OT455
        PEPSICO INC 0.00000000
        713448108
        
          
        
        13893.00000000
        NS
        USD
        2180506.35000000
        1.435619335193
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        GILEAD SCIENCES INC
        549300WTZWR07K8MNV44
        GILEAD SCIENCES INC 0.00000000
        375558103
        
          
        
        9368.00000000
        NS
        USD
        639740.72000000
        0.421197648492
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        UNITEDHEALTH GROUP INC
        549300GHBMY8T5GXDE41
        UNITEDHEALTH GROUP INC 0.00000000
        91324P102
        
          
        
        8036.00000000
        NS
        USD
        3312599.92000000
        2.180976219084
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        SIMON PROPERTY GROUP INC
        529900GQL5X8H7AO3T64
        SIMON PROPERTY GROUP INC 0.00000000
        828806109
        
          
        
        8560.00000000
        NS
        USD
        1083011.20000000
        0.713041637760
        Long
        RE
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        ALTRIA GROUP INC
        XSGZFLO9YTNO9VCQV219
        ALTRIA GROUP INC 0.00000000
        02209S103
        
          
        
        21102.00000000
        NS
        USD
        1013740.08000000
        0.667434359780
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        BROADCOM INC
        549300WV6GIDOZJTV909
        BROADCOM INC 0.00000000
        11135F101
        
          
        
        6013.00000000
        NS
        USD
        2918710.20000000
        1.921643932358
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        JOHNSON & JOHNSON
        549300G0CFPGEF6X2043
        JOHNSON & JOHNSON 0.00000000
        478160104
        
          
        
        16211.00000000
        NS
        USD
        2791534.20000000
        1.837912773046
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        CISCO SYSTEMS INC
        549300LKFJ962MZ46593
        CISCO SYSTEMS INC 0.00000000
        17275R102
        
          
        
        32297.00000000
        NS
        USD
        1788284.89000000
        1.177385410924
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        ALPHABET INC-CL A
        5493006MHB84DD0ZWV18
        ALPHABET INC-CL A 0.00000000
        02079K305
        
          
        
        2072.00000000
        NS
        USD
        5583066.16000000
        3.675824071303
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        LAMAR ADVERTISING CO-A
        529900Y8WW4MKVPTB543
        LAMAR ADVERTISING CO-A 0.00000000
        512816109
        
          
        
        7743.00000000
        NS
        USD
        825403.80000000
        0.543436002661
        Long
        RE
        CORP
        US
        N
        
        1
        
          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