Alger Fund Wants Flexible Shares and Exit Fees
Published Date: 2/12/2026
Notice
Summary
Alger Next Gen Growth Fund and Fred Alger Management want permission to offer different types of shares with special fees and early withdrawal charges. This change affects investors in their closed-end funds and could impact how fees are charged and when money can be taken out. If no one asks for a hearing by March 6, 2026, the SEC will approve the request.
Analyzed Economic Effects
2 provisions identified: 0 benefits, 1 costs, 1 mixed.
New asset‑based fees and withdrawal charges
The applicants asked permission to impose asset‑based distribution and/or service fees and early withdrawal charges on certain closed‑end fund share classes, which would change how much investors pay and when they can take money out. The application was filed September 25, 2025 and amended January 28, 2026, with a March 6, 2026 hearing request deadline.
Closed‑end fund share classes allowed
Alger Next Gen Growth Fund asked the SEC for an order to let the closed‑end fund issue multiple classes of shares. The application was filed on September 25, 2025 and amended on January 28, 2026; if no hearing is requested by March 6, 2026, the SEC will issue the order.
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