497 1 d361298d497.htm ALGER SMALL CAP FOCUS FUND - CLASS AC,I,Y,Z
THE ALGER FUNDS
Alger Small Cap Focus Fund
Supplement dated September 16, 2022 to the
Summary Prospectuses and Prospectuses of the Fund
dated March 1, 2022, as amended and supplemented to date
Effective July 31, 2019, the Board of Trustees (the “Board”) of The Alger Funds authorized a partial closing of the Fund. On September 13, 2022, the Board determined it would be in the best interest of Fund shareholders to resume sales of shares of the Fund to all qualifying investors. Therefore, effective or about October 17, 2022, the Fund’s Class A, C, I, Y and Z shares will be available to all qualifying investors.
Shareholders should retain this Supplement for future reference.