0001104659-18-052604.txt : 20180917 0001104659-18-052604.hdr.sgml : 20180917 20180817130915 ACCESSION NUMBER: 0001104659-18-052604 CONFORMED SUBMISSION TYPE: CORRESP PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20180817 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: CORRESP BUSINESS ADDRESS: STREET 1: 360 PARK AVENUE SOUTH CITY: NEW YORK STATE: NY ZIP: 10010 BUSINESS PHONE: 212-806-8833 MAIL ADDRESS: STREET 1: 360 PARK AVENUE SOUTH CITY: NEW YORK STATE: NY ZIP: 10010 FORMER COMPANY: FORMER CONFORMED NAME: ALGER FUND DATE OF NAME CHANGE: 19920703 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ALGER FUNDS II CENTRAL INDEX KEY: 0000092751 IRS NUMBER: 042451826 STATE OF INCORPORATION: MA FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: CORRESP BUSINESS ADDRESS: STREET 1: 360 PARK AVENUE SOUTH CITY: NEW YORK STATE: NY ZIP: 10010 BUSINESS PHONE: 212-806-8833 MAIL ADDRESS: STREET 1: 360 PARK AVENUE SOUTH CITY: NEW YORK STATE: NY ZIP: 10010 FORMER COMPANY: FORMER CONFORMED NAME: SPECTRA FUNDS DATE OF NAME CHANGE: 20070503 FORMER COMPANY: FORMER CONFORMED NAME: SPECTRA FUND DATE OF NAME CHANGE: 20040325 FORMER COMPANY: FORMER CONFORMED NAME: SPECTRA FUND INC DATE OF NAME CHANGE: 19920703 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ALGER PORTFOLIOS CENTRAL INDEX KEY: 0000832566 IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: CORRESP BUSINESS ADDRESS: STREET 1: 360 PARK AVENUE SOUTH CITY: NEW YORK STATE: NY ZIP: 10010 BUSINESS PHONE: 212-806-8800 MAIL ADDRESS: STREET 1: 360 PARK AVENUE SOUTH CITY: NEW YORK STATE: NY ZIP: 10010 FORMER COMPANY: FORMER CONFORMED NAME: ALGER AMERICAN FUND DATE OF NAME CHANGE: 19920703 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ALGER INSTITUTIONAL FUNDS CENTRAL INDEX KEY: 0000911415 IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: CORRESP BUSINESS ADDRESS: STREET 1: 360 PARK AVENUE SOUTH CITY: NEW YORK STATE: NY ZIP: 10010 BUSINESS PHONE: 212-806-8800 MAIL ADDRESS: STREET 1: 360 PARK AVENUE SOUTH CITY: NEW YORK STATE: NY ZIP: 10010 FORMER COMPANY: FORMER CONFORMED NAME: ALGER INSTITUTIONAL FUND DATE OF NAME CHANGE: 20020228 FORMER COMPANY: FORMER CONFORMED NAME: ALGER RETIREMENT FUND DATE OF NAME CHANGE: 19960515 FORMER COMPANY: FORMER CONFORMED NAME: ALGER DEFINED CONTRIBUTION TRUST DATE OF NAME CHANGE: 19930830 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ALGER GLOBAL GROWTH FUND CENTRAL INDEX KEY: 0001219064 IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: CORRESP BUSINESS ADDRESS: STREET 1: 360 PARK AVENUE SOUTH CITY: NEW YORK STATE: NY ZIP: 10010 BUSINESS PHONE: 212-806-8833 MAIL ADDRESS: STREET 1: 360 PARK AVENUE SOUTH CITY: NEW YORK STATE: NY ZIP: 10010 FORMER COMPANY: FORMER CONFORMED NAME: ALGER GLOBAL GROWTH FUND DATE OF NAME CHANGE: 20130610 FORMER COMPANY: FORMER CONFORMED NAME: ALGER CHINA-US GROWTH FUND DATE OF NAME CHANGE: 20080924 FORMER COMPANY: FORMER CONFORMED NAME: CHINA US GROWTH FUND DATE OF NAME CHANGE: 20040121 CORRESP 1 filename1.htm

 

 

August 17, 2018

 

VIA EDGAR

 

Securities and Exchange Commission

100 F Street, N.E.

Washington, D.C. 20519

Attn: Kenneth Ellington

 

Re:                             The Alger Funds (File Nos. 811-1355; 33-4959), The Alger Funds II (File Nos. 811-1743; 33-98102), The Alger Institutional Funds (File Nos. 811-7986; 33-68124), The Alger Portfolios (File Nos. 811-5550; 33-21722) and Alger Global Growth Fund (File Nos. 811-21308; 33-103283) Correspondence

 

Ladies and Gentlemen:

 

Comments were provided on the correspondence filed on August 8, 2018 for the above referenced Trusts (each a “Trust” and collectively the “Trusts”) telephonically to Rachel Winters by Kenneth Ellington of the Staff on August 14, 2018. For the convenience of the Staff, comments have been restated below in their entirety, and the Trusts’ response follows each comment.

 

1.              Staff Comment: On the Schedule of Investments of the Annual Reports, the Trusts are required to disclose (i) the end of period interest rate for money market funds (Reg. S-X, Article 12-12 fn.4), (ii) the specific class of shares held of other investment companies, including money market funds, and (iii) the rates associated with preferred stock, if applicable.

 

Response:  We confirm that in the future the rate for money market funds, the specific class of shares held of other investment companies, including money market funds, and the rates associated with preferred stock, if applicable, will be disclosed on the schedule of investments.

 

2.              Staff Comment:     For each Fund with a Sub-Adviser, please disclose the compensation of each Investment Adviser, including the Sub-Adviser, in the Fund’s Statement of Additional Information for the prior three fiscal years as required by Item 19(a)(3) of Form N-1A. Please also disclose this information in the Financial Statements in the Annual and Semi-Annual Reports.

 

The Alger Funds

 

360 Park Avenue South · New York, NY 10010 · www.alger.com

 



 

Response: We confirm that in the future we will disclose the compensation of all Sub-Advisors for the prior three fiscal years in the Statement of Additional Information, and in the Financial Statements in the Annual and Semi-Annual Reports.  For 2017, the disclosure will be as follows: “For the fiscal year ended, Alger Management paid a sub-advisory fee of $          to Weatherbie Capital, LLC (“Weatherbie” or the “Sub-Adviser”), an affiliate of the Manager, out of its own resources at no additional charge to the Fund, which is equal to 70% of the management fee paid by the Fund to the Adviser with respect to the sub-advised assets. Weatherbie began sub-advising the Fund in 2017.”

 

Sincerely,

 

/s/ Tina M. Payne

 

 

 

Tina M. Payne

 

Secretary

 

 


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