Alger SICAV - Alger Small Cap Focus Fund Class I US

The Sub-Fund is actively managed and seeks long-term capital appreciation by generally investing at least two thirds of its net assets in equity securities of companies that, at the time of purchase of the securities, have total market capitalization between: (1) the higher of: (a) US$5 billion; or (b) the company with the highest capitalization in the Russell 2000 Growth Index, at any time during the most recent 12-month period as reported by such index; or (c) the company with the highest capitalization in the MSCI USA Small Cap Index, at any time during the most recent 12-month period as reported by such index; (each of the Russell 2000 Growth Index and the MSCI USA Small Cap Index, an “Index” and together, the “Indexes”); and (2) the lower of: (a) the company in the Russell 2000 Growth Index with the lowest capitalization, at any time during the most recent 12-month period as reported by such Index; or (b) the company in the MSCI USA Small Cap Index with the lowest capitalization.