0001104659-13-074293.txt : 20131007 0001104659-13-074293.hdr.sgml : 20131007 20131007134001 ACCESSION NUMBER: 0001104659-13-074293 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 7 FILED AS OF DATE: 20131007 DATE AS OF CHANGE: 20131007 EFFECTIVENESS DATE: 20131007 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: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-68124 FILM NUMBER: 131138682 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 0000911415 S000009201 Alger Capital Appreciation Focus Fund C000024998 Alger Capital Appreciation Focus Fund Class I ALGRX C000024999 Alger Capital Appreciation Focus Fund Class R ALGIX C000122073 Alger Capital Appreciation Focus Fund Class Z ALZFX 497 1 a13-20584_7497.htm 497

 

The Alger Institutional Funds (the “Trust”)

 

·     Alger Capital Appreciation Focus Fund

 

Incorporated herein by reference is a supplement to the Trust’s prospectus filed pursuant to Rule 497(e) under the Securities Act of 1933, as amended, on September 25, 2013 (SEC Accession No. 0001104659-13-071927).

 


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Generally the Fund will hold less than 50 securities. The number of securities held by the Fund may occasionally exceed this range, including, but not limited to, when the portfolio manager is accumulating new positions, phasing out and replacing existing positions, or responding to unusual market conditions."</font> </p> <br/><p style="margin:0pt 0pt 4pt 0pt;"> <font style="font-size:10pt; font-family: Arial, Helvetica;">The Board of Trustees of The Alger Institutional Funds (the "Trust") has determined that it is in the best interests of the shareholders of Alger Capital Appreciation Focus Fund (the "Fund"), including the shareholders of the Class R Shares of the Fund, to terminate the Class R Shares of the Fund. After the close of trading on the New York Stock Exchange on October 25, 2013 (normally 4:00 p.m., Eastern time), Class R Shares of the Fund will be closed to further investment, excluding reinvestment of any dividends and distributions.</font> </p> <br/><p style="margin:0pt 0pt 4pt 0pt;"> <font style="font-size:10pt; font-family: Arial, Helvetica;">Shareholders may choose to exchange their Class R Shares of the Fund for Class R Shares of Alger Capital Appreciation Institutional Fund, Alger Mid Cap Growth Institutional Fund or Alger Small Cap Growth Institutional Fund prior to the termination of the Fund's Class R Shares. It is anticipated that any remaining Class R Shares of the Fund will be converted to Class I Shares of the Fund on or about November 25, 2013, whereupon the Class will be terminated.</font> </p> Alger Capital Appreciation Focus Fund ALGIX <p style="margin: 0pt 0pt 10pt 0pt;" align="center"> <font style="font-size: 10pt; font-family: Arial,Helvetica;"><strong>THE ALGER INSTITUTIONAL FUNDS<br /> Alger Capital Appreciation Focus Fund</strong></font> </p> <br/><p style="margin: 0pt 0pt 10pt 0pt;" align="center"> <font style="font-size: 10pt; font-family: Arial,Helvetica;"><strong>Supplement dated September 25, 2013 to the<br /> Prospectus dated March 1, 2013, As Revised May 31, 2013</strong></font> </p> The following paragraph replaces the third paragraph under the heading "Principal Investment Strategy" on page 7 and page 12 of the Prospectus, and the paragraph at the top of page 30 of the Prospectus: <p style="margin: 0pt 0pt 4pt 0pt;"> <font style="font-size: 10pt; font-family: Arial,Helvetica;">"The Fund intends to invest a substantial portion of its assets in a small number of issuers, and may therefore concentrate its holdings in fewer business sectors or industries. Generally the Fund will hold less than 50 securities. The number of securities held by the Fund may occasionally exceed this range, including, but not limited to, when the portfolio manager is accumulating new positions, phasing out and replacing existing positions, or responding to unusual market conditions."</font> </p> <br/><p style="margin: 0pt 0pt 4pt 0pt;"> <font style="font-size: 10pt; font-family: Arial,Helvetica;">The Board of Trustees of The Alger Institutional Funds (the "Trust") has determined that it is in the best interests of the shareholders of Alger Capital Appreciation Focus Fund (the "Fund"), including the shareholders of the Class R Shares of the Fund, to terminate the Class R Shares of the Fund. After the close of trading on the New York Stock Exchange on October 25, 2013 (normally 4:00 p.m., Eastern time), Class R Shares of the Fund will be closed to further investment, excluding reinvestment of any dividends and distributions.</font> </p> <br/><p style="margin: 0pt 0pt 4pt 0pt;"> <font style="font-size: 10pt; font-family: Arial,Helvetica;">Shareholders may choose to exchange their Class R Shares of the Fund for Class R Shares of Alger Capital Appreciation Institutional Fund, Alger Mid Cap Growth Institutional Fund or Alger Small Cap Growth Institutional Fund prior to the termination of the Fund's Class R Shares. It is anticipated that any remaining Class R Shares of the Fund will be converted to Class I Shares of the Fund on or about November 25, 2013, whereupon the Class will be terminated.</font> </p> Alger Capital Appreciation Focus Fund ALZFX <p style="margin: 0pt 0pt 10pt 0pt;" align="center"> <font style="font-size: 10pt; font-family: Arial,Helvetica;"><strong>THE ALGER INSTITUTIONAL FUNDS<br /> Alger Capital Appreciation Focus Fund</strong></font> </p> <br/><p style="margin: 0pt 0pt 10pt 0pt;" align="center"> <font style="font-size: 10pt; font-family: Arial,Helvetica;"><strong>Supplement dated September 25, 2013 to the<br /> Prospectus dated March 1, 2013, As Revised May 31, 2013</strong></font> </p> The following paragraph replaces the third paragraph under the heading "Principal Investment Strategy" on page 7 and page 12 of the Prospectus, and the paragraph at the top of page 30 of the Prospectus: <p style="margin: 0pt 0pt 4pt 0pt;"> <font style="font-size: 10pt; font-family: Arial,Helvetica;">"The Fund intends to invest a substantial portion of its assets in a small number of issuers, and may therefore concentrate its holdings in fewer business sectors or industries. Generally the Fund will hold less than 50 securities. The number of securities held by the Fund may occasionally exceed this range, including, but not limited to, when the portfolio manager is accumulating new positions, phasing out and replacing existing positions, or responding to unusual market conditions."</font> </p> <br/><p style="margin: 0pt 0pt 4pt 0pt;"> <font style="font-size: 10pt; font-family: Arial,Helvetica;">The Board of Trustees of The Alger Institutional Funds (the "Trust") has determined that it is in the best interests of the shareholders of Alger Capital Appreciation Focus Fund (the "Fund"), including the shareholders of the Class R Shares of the Fund, to terminate the Class R Shares of the Fund. 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Class R Prospectus | Alger Capital Appreciation Focus Fund | Alger Capital Appreciation Focus Fund Class R
Alger Capital Appreciation Focus Fund

THE ALGER INSTITUTIONAL FUNDS
Alger Capital Appreciation Focus Fund


Supplement dated September 25, 2013 to the
Prospectus dated March 1, 2013, As Revised May 31, 2013

The following paragraph replaces the third paragraph under the heading "Principal Investment Strategy" on page 7 and page 12 of the Prospectus, and the paragraph at the top of page 30 of the Prospectus:

"The Fund intends to invest a substantial portion of its assets in a small number of issuers, and may therefore concentrate its holdings in fewer business sectors or industries. Generally the Fund will hold less than 50 securities. The number of securities held by the Fund may occasionally exceed this range, including, but not limited to, when the portfolio manager is accumulating new positions, phasing out and replacing existing positions, or responding to unusual market conditions."


The Board of Trustees of The Alger Institutional Funds (the "Trust") has determined that it is in the best interests of the shareholders of Alger Capital Appreciation Focus Fund (the "Fund"), including the shareholders of the Class R Shares of the Fund, to terminate the Class R Shares of the Fund. After the close of trading on the New York Stock Exchange on October 25, 2013 (normally 4:00 p.m., Eastern time), Class R Shares of the Fund will be closed to further investment, excluding reinvestment of any dividends and distributions.


Shareholders may choose to exchange their Class R Shares of the Fund for Class R Shares of Alger Capital Appreciation Institutional Fund, Alger Mid Cap Growth Institutional Fund or Alger Small Cap Growth Institutional Fund prior to the termination of the Fund's Class R Shares. It is anticipated that any remaining Class R Shares of the Fund will be converted to Class I Shares of the Fund on or about November 25, 2013, whereupon the Class will be terminated.

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Class Z Prospectus | Alger Capital Appreciation Focus Fund | Alger Capital Appreciation Focus Fund Class Z
Alger Capital Appreciation Focus Fund

THE ALGER INSTITUTIONAL FUNDS
Alger Capital Appreciation Focus Fund


Supplement dated September 25, 2013 to the
Prospectus dated March 1, 2013, As Revised May 31, 2013

The following paragraph replaces the third paragraph under the heading "Principal Investment Strategy" on page 7 and page 12 of the Prospectus, and the paragraph at the top of page 30 of the Prospectus:

"The Fund intends to invest a substantial portion of its assets in a small number of issuers, and may therefore concentrate its holdings in fewer business sectors or industries. Generally the Fund will hold less than 50 securities. The number of securities held by the Fund may occasionally exceed this range, including, but not limited to, when the portfolio manager is accumulating new positions, phasing out and replacing existing positions, or responding to unusual market conditions."


The Board of Trustees of The Alger Institutional Funds (the "Trust") has determined that it is in the best interests of the shareholders of Alger Capital Appreciation Focus Fund (the "Fund"), including the shareholders of the Class R Shares of the Fund, to terminate the Class R Shares of the Fund. After the close of trading on the New York Stock Exchange on October 25, 2013 (normally 4:00 p.m., Eastern time), Class R Shares of the Fund will be closed to further investment, excluding reinvestment of any dividends and distributions.


Shareholders may choose to exchange their Class R Shares of the Fund for Class R Shares of Alger Capital Appreciation Institutional Fund, Alger Mid Cap Growth Institutional Fund or Alger Small Cap Growth Institutional Fund prior to the termination of the Fund's Class R Shares. It is anticipated that any remaining Class R Shares of the Fund will be converted to Class I Shares of the Fund on or about November 25, 2013, whereupon the Class will be terminated.

XML 13 R8.htm IDEA: XBRL DOCUMENT v2.4.0.8
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Prospectus Date rr_ProspectusDate Mar. 01, 2013
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Label Element Value
Class I Prospectus | Alger Capital Appreciation Focus Fund | Alger Capital Appreciation Focus Fund Class I
 
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] ck0000911415_SupplementTextBlock

THE ALGER INSTITUTIONAL FUNDS
Alger Capital Appreciation Focus Fund


Supplement dated September 25, 2013 to the
Prospectus dated March 1, 2013, As Revised May 31, 2013

Risk/Return [Heading] rr_RiskReturnHeading Alger Capital Appreciation Focus Fund
Strategy [Heading] rr_StrategyHeading The following paragraph replaces the third paragraph under the heading "Principal Investment Strategy" on page 7 and page 12 of the Prospectus, and the paragraph at the top of page 30 of the Prospectus:
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

"The Fund intends to invest a substantial portion of its assets in a small number of issuers, and may therefore concentrate its holdings in fewer business sectors or industries. Generally the Fund will hold less than 50 securities. The number of securities held by the Fund may occasionally exceed this range, including, but not limited to, when the portfolio manager is accumulating new positions, phasing out and replacing existing positions, or responding to unusual market conditions."


The Board of Trustees of The Alger Institutional Funds (the "Trust") has determined that it is in the best interests of the shareholders of Alger Capital Appreciation Focus Fund (the "Fund"), including the shareholders of the Class R Shares of the Fund, to terminate the Class R Shares of the Fund. After the close of trading on the New York Stock Exchange on October 25, 2013 (normally 4:00 p.m., Eastern time), Class R Shares of the Fund will be closed to further investment, excluding reinvestment of any dividends and distributions.


Shareholders may choose to exchange their Class R Shares of the Fund for Class R Shares of Alger Capital Appreciation Institutional Fund, Alger Mid Cap Growth Institutional Fund or Alger Small Cap Growth Institutional Fund prior to the termination of the Fund's Class R Shares. It is anticipated that any remaining Class R Shares of the Fund will be converted to Class I Shares of the Fund on or about November 25, 2013, whereupon the Class will be terminated.

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Label Element Value
Class R Prospectus | Alger Capital Appreciation Focus Fund | Alger Capital Appreciation Focus Fund Class R
 
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] ck0000911415_SupplementTextBlock

THE ALGER INSTITUTIONAL FUNDS
Alger Capital Appreciation Focus Fund


Supplement dated September 25, 2013 to the
Prospectus dated March 1, 2013, As Revised May 31, 2013

Risk/Return [Heading] rr_RiskReturnHeading Alger Capital Appreciation Focus Fund
Strategy [Heading] rr_StrategyHeading The following paragraph replaces the third paragraph under the heading "Principal Investment Strategy" on page 7 and page 12 of the Prospectus, and the paragraph at the top of page 30 of the Prospectus:
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

"The Fund intends to invest a substantial portion of its assets in a small number of issuers, and may therefore concentrate its holdings in fewer business sectors or industries. Generally the Fund will hold less than 50 securities. The number of securities held by the Fund may occasionally exceed this range, including, but not limited to, when the portfolio manager is accumulating new positions, phasing out and replacing existing positions, or responding to unusual market conditions."


The Board of Trustees of The Alger Institutional Funds (the "Trust") has determined that it is in the best interests of the shareholders of Alger Capital Appreciation Focus Fund (the "Fund"), including the shareholders of the Class R Shares of the Fund, to terminate the Class R Shares of the Fund. After the close of trading on the New York Stock Exchange on October 25, 2013 (normally 4:00 p.m., Eastern time), Class R Shares of the Fund will be closed to further investment, excluding reinvestment of any dividends and distributions.


Shareholders may choose to exchange their Class R Shares of the Fund for Class R Shares of Alger Capital Appreciation Institutional Fund, Alger Mid Cap Growth Institutional Fund or Alger Small Cap Growth Institutional Fund prior to the termination of the Fund's Class R Shares. It is anticipated that any remaining Class R Shares of the Fund will be converted to Class I Shares of the Fund on or about November 25, 2013, whereupon the Class will be terminated.

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Class I Prospectus | Alger Capital Appreciation Focus Fund | Alger Capital Appreciation Focus Fund Class I
Alger Capital Appreciation Focus Fund

THE ALGER INSTITUTIONAL FUNDS
Alger Capital Appreciation Focus Fund


Supplement dated September 25, 2013 to the
Prospectus dated March 1, 2013, As Revised May 31, 2013

The following paragraph replaces the third paragraph under the heading "Principal Investment Strategy" on page 7 and page 12 of the Prospectus, and the paragraph at the top of page 30 of the Prospectus:

"The Fund intends to invest a substantial portion of its assets in a small number of issuers, and may therefore concentrate its holdings in fewer business sectors or industries. Generally the Fund will hold less than 50 securities. The number of securities held by the Fund may occasionally exceed this range, including, but not limited to, when the portfolio manager is accumulating new positions, phasing out and replacing existing positions, or responding to unusual market conditions."


The Board of Trustees of The Alger Institutional Funds (the "Trust") has determined that it is in the best interests of the shareholders of Alger Capital Appreciation Focus Fund (the "Fund"), including the shareholders of the Class R Shares of the Fund, to terminate the Class R Shares of the Fund. After the close of trading on the New York Stock Exchange on October 25, 2013 (normally 4:00 p.m., Eastern time), Class R Shares of the Fund will be closed to further investment, excluding reinvestment of any dividends and distributions.


Shareholders may choose to exchange their Class R Shares of the Fund for Class R Shares of Alger Capital Appreciation Institutional Fund, Alger Mid Cap Growth Institutional Fund or Alger Small Cap Growth Institutional Fund prior to the termination of the Fund's Class R Shares. It is anticipated that any remaining Class R Shares of the Fund will be converted to Class I Shares of the Fund on or about November 25, 2013, whereupon the Class will be terminated.

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Label Element Value
Class Z Prospectus | Alger Capital Appreciation Focus Fund | Alger Capital Appreciation Focus Fund Class Z
 
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] ck0000911415_SupplementTextBlock

THE ALGER INSTITUTIONAL FUNDS
Alger Capital Appreciation Focus Fund


Supplement dated September 25, 2013 to the
Prospectus dated March 1, 2013, As Revised May 31, 2013

Risk/Return [Heading] rr_RiskReturnHeading Alger Capital Appreciation Focus Fund
Strategy [Heading] rr_StrategyHeading The following paragraph replaces the third paragraph under the heading "Principal Investment Strategy" on page 7 and page 12 of the Prospectus, and the paragraph at the top of page 30 of the Prospectus:
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

"The Fund intends to invest a substantial portion of its assets in a small number of issuers, and may therefore concentrate its holdings in fewer business sectors or industries. Generally the Fund will hold less than 50 securities. The number of securities held by the Fund may occasionally exceed this range, including, but not limited to, when the portfolio manager is accumulating new positions, phasing out and replacing existing positions, or responding to unusual market conditions."


The Board of Trustees of The Alger Institutional Funds (the "Trust") has determined that it is in the best interests of the shareholders of Alger Capital Appreciation Focus Fund (the "Fund"), including the shareholders of the Class R Shares of the Fund, to terminate the Class R Shares of the Fund. After the close of trading on the New York Stock Exchange on October 25, 2013 (normally 4:00 p.m., Eastern time), Class R Shares of the Fund will be closed to further investment, excluding reinvestment of any dividends and distributions.


Shareholders may choose to exchange their Class R Shares of the Fund for Class R Shares of Alger Capital Appreciation Institutional Fund, Alger Mid Cap Growth Institutional Fund or Alger Small Cap Growth Institutional Fund prior to the termination of the Fund's Class R Shares. It is anticipated that any remaining Class R Shares of the Fund will be converted to Class I Shares of the Fund on or about November 25, 2013, whereupon the Class will be terminated.

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Document and Entity Information
0 Months Ended
Sep. 25, 2013
Risk/Return:  
Document Type 497
Document Period End Date Sep. 25, 2013
Registrant Name ALGER INSTITUTIONAL FUNDS
Central Index Key 0000911415
Amendment Flag false
Document Creation Date Sep. 24, 2013
Document Effective Date Sep. 25, 2013
Prospectus Date Mar. 01, 2013
Class I Prospectus | Alger Capital Appreciation Focus Fund | Alger Capital Appreciation Focus Fund Class I
 
Risk/Return:  
Trading Symbol ALGRX
Class R Prospectus | Alger Capital Appreciation Focus Fund | Alger Capital Appreciation Focus Fund Class R
 
Risk/Return:  
Trading Symbol ALGIX
Class Z Prospectus | Alger Capital Appreciation Focus Fund | Alger Capital Appreciation Focus Fund Class Z
 
Risk/Return:  
Trading Symbol ALZFX