-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Hi01nhj5DW4Qy/Yz+PhfXzIjJUxEs6K2VmB1Mgd7hC9kyp9zy4Ypt0WhBgKOzf8F J5VqyVJ0FZu9+Uj9o14FLg== 0001104659-08-033496.txt : 20080515 0001104659-08-033496.hdr.sgml : 20080515 20080515121344 ACCESSION NUMBER: 0001104659-08-033496 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20080515 DATE AS OF CHANGE: 20080515 EFFECTIVENESS DATE: 20080515 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ALGER FUNDS CENTRAL INDEX KEY: 0000003521 IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-04959 FILM NUMBER: 08835304 BUSINESS ADDRESS: STREET 1: 111 FIFTH AVENUE CITY: NEW YORK STATE: NY ZIP: 10003 BUSINESS PHONE: 2128068800 MAIL ADDRESS: STREET 1: HARBORSIDE FINANCIAL CENTER STREET 2: 600 PLAZA ONE CITY: JERSEY CITY STATE: NJ ZIP: 07311 FORMER COMPANY: FORMER CONFORMED NAME: ALGER FUND DATE OF NAME CHANGE: 19920703 0000003521 S000009164 Alger Health Sciences Fund C000024915 Alger Health Sciences Fund Class A AHSAX C000024916 Alger Health Sciences Fund Class B AHSBX C000024917 Alger Health Sciences Fund Class C AHSCX 0000003521 S000012185 Alger Core Fixed-Income Fund C000033237 Alger Core Fixed-Income Fund Class A C000033238 Alger Core Fixed-Income Fund Class B C000033239 Alger Core Fixed-Income Fund Class C 497 1 a08-13487_1497.htm 497

THE ALGER FUNDS

Alger Core Fixed-Income Fund

Alger Health Sciences Fund

Supplement dated May 15, 2008 to the
Prospectus dated March 1, 2008
As supplemented to date

Alger Core Fixed-Income Fund

The Board of Trustees of The Alger Funds (the "Trust") has approved the liquidation of Alger Core Fixed-Income Fund, a series of the Trust (the "Fund"). After the close of trading on the New York Stock Exchange on May 15, 2008 (normally 4:00 p.m., Eastern time), the Fund will be closed to further investment, excluding reinvestment of any dividends and distributions. It is anticipated that the Fund's assets will be distributed to investors on or about June 27, 2008.

Liquidation of shares may be a taxable event to shareholders. Shareholders in Alger-sponsored tax-deferred accounts may choose to exchange their shares of the Fund for shares of another of The Alger Funds or The China-U.S. Growth Fund prior to the Fund's liquidation, or their shares will be exchanged for shares of Alger Money Market Fund. Investors are urged to consult their own tax advisers as to the federal, state, and local tax consequences of the liquidation.

Alger Health Sciences Fund

The following replaces the entry for Alger Health Sciences Fund in the chart under the heading "Portfolio Managers Primarily Responsible for Day-to-Day Management of Portfolio Investments" on page 27 of the Prospectus:

Fund   Portfolio Manager(s)   Since  
Health Sciences Fund   Dan C. Chung and
Rosanne Ott		   October 2005
October 2005		  

 

In addition, the paragraph regarding Eric Shen is deleted from the descriptions of portfolio managers on page 27 of the Prospectus. Eric Shen is no longer employed by the Manager.

AS051508



 

THE ALGER FUNDS

 

Alger Core Fixed-Income Fund

 

Alger Health Sciences Fund

 

Supplement dated May 15, 2008 to the

Statement of Additional Information

 dated March 1, 2008

As supplemented to date

 

Alger Core Fixed-Income Fund

 

The Board of Trustees of The Alger Funds (the “Trust”) has approved the liquidation of Alger Core Fixed-Income Fund, a series of the Trust (the “Fund”).  After the close of trading on the New York Stock Exchange on May 15, 2008 (normally 4:00 p.m., Eastern time), the Fund will be closed to further investment, excluding reinvestment of any dividends and distributions.  It is anticipated that the Fund’s assets will be distributed to investors on or about June 27, 2008.

 

Liquidation of shares may be a taxable event to shareholders.  Shareholders in Alger-sponsored tax-deferred accounts may choose to exchange their shares of the Fund for shares of another of The Alger Funds or The China-U.S. Growth Fund prior to the Fund’s liquidation, or their shares will be exchanged for shares of Alger Money Market Fund.  Investors are urged to consult their own tax advisers as to the federal, state, and local tax consequences of the liquidation.

 

Alger Health Sciences Fund

 

The following updates the information in the Statement of Additional Information regarding the Trust’s portfolio managers.

 

(1)  The line item regarding other accounts managed by Eric Shen in the table under “Other Accounts Managed by Portfolio Managers” on page 35 of the Statement of Additional Information is deleted.

 

(2)  The line item regarding Eric Shen’s ownership of Alger Health Sciences Fund shares in the table under “Securities Owned by the Portfolio Managers” on page 35 of the Statement of Additional Information is deleted.

 

Eric Shen is no longer employed by the Manager.

 

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