Alger Small Cap Focus Fund Class I-3 US (Multi-Asset Real Return Fund - ) Fonds

The investment seeks total real return. The fund's asset allocation strategy seeks to diversify its investments among equity securities, debt securities, U.S. Treasury inflation-indexed securities, commodity-related investments and real estate-related investments, all in an effort to provide investors total real return. Total real return is total return reduced by the expected impact of inflation. The fund's investment strategy has been designed in an effort to protect the fund's investors from the effects of rising U.S. inflation.