Alger Press Release

CONTACTS: Prosek

Alger

Nicole Schoenberg 646-503-6021

Scott A. Anderson 212-806-2972

FOR IMMEDIATE DISTRIBUTION

High-Conviction Alger Small Cap Focus Strategy Achieves Notable Three-Year Record

NEW YORK, April 26, 2018 – Fred Alger Management, Inc. (“Alger”) is pleased to announce the Alger Small Cap Focus Strategy (the “Strategy”) has celebrated its three-year anniversary. The Strategy is a focused portfolio of approximately 50 high-conviction, small capitalization stocks managed by Amy Y. Zhang, CFA, who joined Alger in 2015. The exceptional track record Amy and the Alger team have built is especially notable and is garnering significant attention from all types of investors. “I am gratified that our unique approach to small cap investing has provided clients with strong long-term returns over the past three years. This is a benchmark agnostic, ‘best ideas’ portfolio of exceptional small companies that we believe have the potential to grow into exceptional large companies,” said Ms. Zhang. “Common characteristics we look for in these companies are defensible competitive positions, sustainable revenue growth, high financial quality, and strong management teams. We seek to invest in companies that have the potential to double their revenue stream in five years with profitably to fuel future EPS growth.”

The strategy has grown to nearly $1 billion in assets, which is proof of the team’s effective investment process and the strategy’s outperformance of the benchmark by more than 500 basis points since its inception.

Average Annual Total Returns (%) as of 3/31/18

Since Inception (4/1/15)

YTD

1 Year

3 Years

Gross of Fees Return Net of Fees Return

7.71 7.52 2.30

29.08 28.09 18.63

13.85 13.00

13.84 12.99

Russell 2000 Growth Index

8.77

8.76

Only periods greater than 12 months are annualized.

The Small Cap Focus strategy has had very strong risk and return statistics versus its peers in the eVestment U.S. Small Cap Growth Equity universe, as demonstrated by its ranking in the top quartile for Returns, Alpha, Information Ratio, Sharpe Ratio, Upside Market Capture, and Downside Market Capture (for the three-year period ended 3/31/18 out of 189 strategies).

Alger Small Cap Focus Relative to the Russell 2000 Growth Risk/Return Statistic Percentile Ranking Returns 16 Annualized Alpha 16 Information Ratio 18 Sharpe Ratio 19 Upside Market Capture 24 Downside Market Capture 22

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