The views expressed are the views of Fred Alger Management, LLC (FAM) and its affiliates as of February 2025. These views are subject to change at any time and may not
represent the views of all portfolio management teams. These views should not be interpreted as a guarantee of the future performance of the markets, any security or any
funds managed by FAM. These views are not meant to provide investment advice and should not be considered a recommendation to purchase or sell securities. Holdings
and sector allocations are subject to change..
Important Information for US Investors: This material must be accompanied by the most recent fund fact sheet(s) if used in connection with the sale of mutual fund and
ETF shares. Fred Alger & Company, LLC serves as distributor of the Alger mutual funds.
Important Information for UK and EU Investors: This material is directed at investment professionals and qualified investors (as defined by MiFID/FCA
regulations). It is for information purposes only and has been prepared and is made available for the benefit investors. This material does not constitute an offer or
solicitation to any person in any jurisdiction in which it is not authorised or permitted, or to anyone who would be an unlawful recipient, and is only intended for use by
original recipients and addressees. The original recipient is solely responsible for any actions in further distributing this material and should be satisfied in doing so that
there is no breach of local legislation or regulation. Certain products may be subject to restrictions with regard to certain persons or in certain countries under national
regulations applicable to such persons or countries. Alger Management, Ltd. (company house number 8634056, domiciled at 85 Gresham Street, Suite 308, London EC2V
7NQ, UK) is authorised and regulated by the Financial Conduct Authority, for the distribution of regulated financial products and services. FAM, Weatherbie Capital, LLC,
and/or Redwood Investments, LLC, U.S. registered investment advisors, serve as sub-portfolio manager to financial products distributed by Alger Management, Ltd. Alger
Group Holdings, LLC (parent company of FAM and Alger Management, Ltd.), FAM, and Fred Alger & Company, LLC are not an authorized persons for the purposes of the
Financial Services and Markets Act 2000 of the United Kingdom (“FSMA”) and this material has not been approved by an authorized person for the purposes of Section
21(2)(b) of the FSMA.
Risk Disclosures: Investing in the stock market involves risks, including the potential loss of principal. Growth stocks may be more volatile than other stocks as their prices
tend to be higher in relation to their companies’ earnings and may be more sensitive to market, political, and economic developments. A significant portion of assets may be
invested in securities of companies in related sectors, and may be similarly affected by economic, political, or market events and conditions and may be more vulnerable to
unfavorable sector developments. Investing in companies of small and medium capitalizations involves the risk that such issuers may have limited product lines or financial
resources, lack management depth, or have limited liquidity. Assets may be focused in a small number of holdings, making them susceptible to risks associated with a
single economic, political or regulatory event than a more diversified portfolio. Foreign securities involve special risks including currency fluctuations, inefficient trading,
political and economic instability, and increased volatility. At times, cash may be a larger position in the portfolio and may underperform relative to equity securities.
Past
performance is not indicative of future performance.
Investing in innovation is not without risk and there is no guarantee that investments in research and development will result in a company gaining market share or achieving
enhanced revenue. Companies exploring new technologies may face regulatory, political or legal challenges that may adversely impact their competitive positioning and
financial prospects. Also, developing technologies to displace older technologies or create new markets may not in fact do so, and there may be sector-specific risks as well.
As is the case with any industry, there will be winners and losers that emerge and investors therefore need to conduct a significant amount of due diligence on individual
companies to assess these risks and opportunities.
Source: London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). © LSE Group 2025. FTSE Russell is a trading name of certain of the
LSE Group companies. “FTSE®” “Russell®”, “FTSE Russell®”, “FTSE4Good®”, “ICB®”, “Mergent®, The Yield Book®,” are trade marks of the relevant LSE Group companies and
are used by any other LSE Group company under license. All rights in the FTSE Russell indexes or data vest in the relevant LSE Group company which owns the index or the
data. Neither LSE Group nor its licensors accept any liability for any errors or omissions in the indexes or data and no party may rely on any indexes or data contained in this
communication. No further distribution of data from the LSE Group is permitted without the relevant LSE Group company’s express written consent. The LSE Group does
not promote, sponsor or endorse the content of this communication.
The Russell Midcap® Growth Index measures the performance of the mid-cap growth segment of the U.S. equity universe. It includes those Russell Midcap Index companies
with higher growth earning potential as defined by Russell’s leading style methodology. The Russell Midcap Growth Index is constructed to provide a comprehensive and
unbiased barometer of the mid-cap growth market.
The Russell 2000® Growth Index measures the performance of the small-cap growth segment of the U.S. equity universe. It includes those Russell 2000 companies with
higher growth earning potential as defined by Russell’s leading style methodology. The Russell 2000 Growth Index is constructed to provide a comprehensive and unbiased
barometer for the small-cap growth segment.
The S&P indexes are a product of S&P Dow Jones Indices LLC and/or its affiliates and has been licensed for use by Fred Alger Management, LLC and its affiliates. Copyright
2025 S&P Dow Jones Indices LLC, a subsidiary of S&P Global Inc. and/or its affiliates. All rights reserved. Redistribution or reproduction in whole or in part are prohibited
without written permission of S&P Dow Jones Indices LLC. S&P® is a registered trademark of Standard & Poor’s Financial Services LLC and Dow Jones® is a registered
trademark of Dow Jones Trademark Holdings LLC. Neither S&P Dow Jones Indices LLC, Dow Jones Trademark Holdings LLC, their affiliates nor their third party licensors
make any representation or warranty, express or implied, as to the ability of any index to accurately represent the asset class or market sector that it purports to represent
and neither S&P Dow Jones Indices LLC, Dow Jones Trademark Holdings LLC, their affiliates nor their third party licensors shall have any liability for any errors, omissions,
or interruptions of any index or the data included therein.
S&P 500®: An index of large company stocks considered to be representative of the U.S. stock market. The S&P MidCap 400® Index is a market capitalization weighted
benchmark index made up of 400 companies.
The S&P SmallCap 600 is a stock market index composed of approximately 600 small-cap US companies, designed to represent the performance of the broader small-cap
market.
The indices presented are provided for illustrative purposes, reflect the reinvestment of dividends and do not assess fees and expenses that would have the effect of
reducing returns. Investors cannot invest directly in any index. The index performance does not represent the returns of any portfolio advised by Fred Alger Management,
LLC and actual client results might differ materially than the indices shown.
Past performance is no guarantee of future results.
FactSet is an independent source, which Alger believes to be a reliable source. FAM, however, makes no representation that it is complete or accurate. Alger pays
compensation to third party marketers to sell various strategies to prospective investors.
Sortino ratio is a risk-adjusted metric that measures an investment’s return relative to its downside risk.
Treynor ratio is a performance metric that measures how much excess return a portfolio generates for each unit of risk. It’s also known as the reward-to-volatility ratio.
The following positions represent assets under management for the Alger Mid Cap Growth Strategy as of December 31, 2024: HEICO Corp, 2.29%; GFL Environmental, Inc.,
4.62%; Natera, Inc, 2.27%.
Fred Alger & Company, LLC / 100 Pearl Street, New York, NY 10004 /
www.alger.com / 212.806.8800
