AAIZX Fees and Costs — Alger AI Enablers & Adopters Fund, Class Z
Data updated: 2026-09-25
The net expense ratio is 0.61%: a 0.45% management fee plus 1.97% other expenses, less a 1.81% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $12K in broker commissions, 0.1384% of average net assets, and portfolio turnover was 174%.
AAIZX Fees and Expenses
Annual operating expenses and sales charges of AAIZX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.97% |
| Gross expense ratio | 2.42% |
| Fee waiver | −1.81% |
| Net expense ratio | 0.61% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
AAIZX Costs Over Time
On $10,000 invested in AAIZX, assuming 5% a year before costs, total costs come to $470 over 5 years, cutting the return by 0.79% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.61%) | $64 | $200 | $348 |
| Trading costs (broker commissions) | $15 | $45 | $79 |
| Lost growth on money paid in costs | $0 | $12 | $43 |
| Total costs | $79 | $258 | $470 |
| Value after costs | $10,421 | $11,318 | $12,292 |
| Impact on return, per year | 0.79% | 0.79% | 0.79% |
AAIZX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.1384%
- Total broker commissions: $12K
- Bought from dealers (principal trades, not a cost): $1.4M
- Portfolio turnover (prospectus): 174%
- Securities lending: none during the year
AAIZX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $2K | 22.50% |
| Pershing LLC | $1K | 14.22% |
| Fred Alger & Company, LLC | $1K | 13.31% |
| MORGAN STANLEY & CO. LLC | $1K | 11.46% |
| NATIONAL FINANCIAL SERVICES LLC | $1K | 11.34% |
| INSTINET, LLC | $924 | 9.36% |
| DINOSAUR FINANCIAL GROUP, L.L.C | $718 | 7.27% |
| JEFFERIES LLC | $408 | 4.13% |
| GOLDMAN SACHS & CO. LLC | $340 | 3.44% |
| J.P. Morgan Securities LLC | $292 | 2.96% |
AAIZX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $393K | 40.05% |
| Databricks, Inc. | $388K | 39.55% |
| SB Technology Inc. | $200K | 20.39% |
Alger AI Enablers & Adopters Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| AAIYX | Class Y | 0.61% | — |
| AAIZX | Class Z | 0.61% | — |
| AIFIX | Class I | 0.84% | — |
| AIFAX | Class A | 0.85% | 5.25% |
| AAICX | Class C | 1.61% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.