What is the process for redeeming shares?

The process for redeeming shares in a mutual fund, such as those managed by Alger Funds, typically involves several steps. First, an investor should ensure that they have the necessary account information ready, including details about the shares they wish to redeem. It is advisable to review the specific fund’s prospectus or shareholder documents, as these resources will outline any relevant policies, fees, or restrictions associated with redemptions. Next, investors generally need to submit a redemption request. This can often be done through the fund's website, by mail, or via a telephone call, depending on the options provided by Alger Funds. The redemption request should include the investor's account number, the number of shares or dollar amount they wish to redeem, and any necessary identification. Once the request is submitted, it is processed according to the fund’s execution rules. Typically, redemptions are handled at the next calculated net asset value after the request has been made. It is important to note that funds may have specific cut-off times for processing numerous transactions, so checking the relevant information on the Alger Funds website can be helpful for the most accurate guidance.