Before investing, carefully consider the Fund’s investment objective, risks, charges and expenses. For a prospectus containing this and other information about a Fund call (800) 711-6141 or visit us at www.spectrafund.com. Read it carefully before investing. Distributor: Fred Alger & Company, Incorporated. Member NYSE, SIPC. NOT FDIC INSURED. NOT BANK GUARANTEED. MAY LOSE VALUE.

The Spectra Green Fund's environmental focus may limit the investment options available to the Fund and may result in lower returns than returns of funds not subject to such investment considerations.

Investing in the stock market involves gains and losses and may not be suitable for all investors. Growth stocks tend to be more volatile than other stocks, as the prices of growth stocks tend to be higher in relation to their companies' earnings and may be more sensitive to market, political and economic development. Stocks of
small- and mid-sized companies are subject to greater risk than stocks of larger, more established companies owing to such factors as limited liquidity, inexperienced management, and limited financial resources.