Alger Expands Its Investment Line-up by Launching the International Growth and Global Growth Funds

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Fred Alger Management, Inc. (“Alger”) is pleased to announce the expansion of its investment line-up by launching the Alger International Growth Fund and the Alger Global Growth Fund. These new strategies enable investors to take a global approach to equity investing and potentially capitalize on an expanded opportunity set of companies.

Fred Alger Management, Inc. (“Alger”) is pleased to announce the expansion of its investment line-up by launching the Alger International Growth Fund and the Alger Global Growth Fund. These new strategies enable investors to take a global approach to equity investing and potentially capitalize on an expanded opportunity set of companies.

The Alger International Growth Fund seeks long-term capital appreciation by following an investment strategy that focuses its investments in non-U.S. developed markets, with the flexibility to invest in emerging markets. The Fund has the ability to invest in any company Alger analysts believe has growth potential, regardless of market capitalization, while currently maintaining an anchor in large cap. Pedro Marcal, the portfolio manager of the Fund, also manages the Alger International Growth Strategy, which has a three-year track record.

The Alger Global Growth Fund seeks long-term capital appreciation by following a three-pronged investment strategy that invests in international developed markets, emerging markets, and U.S. markets. Similar to International Growth, the Global Growth Fund currently plans to maintain an anchor in large cap but has the ability to invest in any company, regardless of market capitalization. The Fund, which previously maintained a China-U.S. focus, continues to be managed by Dan Chung, CFA, CEO and Chief Investment Officer and Deborah Vélez Medenica, CFA, head of the Alger Emerging Markets Team. Pedro Marcal will join the current portfolio managers and is responsible for investing in international developed markets.

Both funds follow Alger’s investment philosophy of uncovering companies experiencing Positive Dynamic Change, which we believe are companies experiencing high unit volume growth or positive life cycle change. We rely on the collective knowledge of Alger’s sector specialist analysts and regional specialist analysts of the International Growth and Emerging Markets teams to perform original, fundamental, bottom-up research to identify companies experiencing Positive Dynamic Change.

“We continue to enhance our international capabilities, and the expansion of our investment line-up illustrates our commitment to these important markets. We believe the opportunities for investing globally are significant and are of particular interest to us as pioneers of growth investing,” said Dan.

Alger’s International Growth and Emerging Markets teams’ analysts have in-country experience, are experts on their regions, and are fluent in foreign languages. They collaborate with Alger’s sector specialist analysts to identify the most attractive investment opportunities, regardless of where a company is domiciled.

“Alger is an analyst-driven culture. The expertise of our regional specialist analysts on our International Growth and Emerging Markets teams complements our sector-specific analysts and their domestic expertise. We have integrated all of our domestic and international analyst teams to further develop our research skills, enhance our firm’s culture, and provide our highest conviction ideas to our portfolio managers. Our analysts are the key to Alger and our growth as a firm,” added Dan.

The Alger International Growth Fund and Alger Global Growth Fund are open-end mutual funds. The strategies are also available for institutional separate accounts.

About Fred Alger Management, Inc.

Fred Alger Management, Inc. was founded in 1964 and as of March 31, 2013 managed approximately $18.6 billion. Alger's investment philosophy is focused on discovering companies undergoing Positive Dynamic Change, which we believe offer the best investment opportunities. Alger investment strategies are available to institutional investors through separate accounts and mutual funds and to retail investors through Alger mutual funds. Fred Alger & Company, Incorporated, a broker-dealer and the parent company of Fred Alger Management, Inc. offers mutual funds as well as institutional funds for defined benefit and defined contribution plans. For more information, please visit http://www.alger.com.

Before investing, carefully consider the Fund’s investment objectives, risks, charges, and expenses. For a prospectus or summary prospectus containing this and other information about the Fund, call (800) 992-3863, visit http://www.alger.com, or consult your financial advisor. Read it carefully before investing.

Distributor: Fred Alger & Company, Incorporated. Member NYSE Euronext, SIPC.

NOT FDIC INSURED. NOT BANK GUARANTEED MAY LOSE VALUE.

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