Summary

• Class A shares of the Alger Small Cap Growth Fund underperformed the Russell 2000 Growth Index during the first quarter of 2026.
• RBC Bearings, Nebius Group, and Modine Manufacturing Company were among the top contributors to performance.
• GeneDx Holdings Corp., Astera Labs, Inc., and Planet Fitness, Inc. were among the top detractors from performance.

The following segment was excerpted from the Alger Small Cap Growth Fund Q1 2026 Commentary

Portfolio Update

Class A shares of the Alger Small Cap Growth Fund underperformed the Russell 2000 Growth Index during the