AAMOX Fees and Costs — Alger Weatherbie Specialized Growth Portfolio, Class I-2
Data updated: 2023-11-28
The net expense ratio is 1.09%: a 0.81% management fee plus 4.38% other expenses, less a 4.10% fee waiver. There are no sales loads or redemption fees. In fiscal 2022 the fund paid $3K in broker commissions, 0.1209% of average net assets, and portfolio turnover was 75%.
AAMOX Fees and Expenses
Annual operating expenses and sales charges of AAMOX. Prospectus, as of April 30, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.81% |
| 12b-1 fee | 0.00% |
| Other expenses | 4.38% |
| Gross expense ratio | 5.19% |
| Fee waiver | −4.10% |
| Net expense ratio | 1.09% |
| 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 |
AAMOX Costs Over Time
On $10,000 invested in AAMOX, assuming 5% a year before costs, total costs come to $754 over 5 years, cutting the return by 1.27% 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 1.09%) | $114 | $356 | $617 |
| Trading costs (broker commissions) | $13 | $40 | $68 |
| Lost growth on money paid in costs | $0 | $20 | $69 |
| Total costs | $127 | $415 | $754 |
| Value after costs | $10,373 | $11,161 | $12,009 |
| Impact on return, per year | 1.27% | 1.27% | 1.27% |
AAMOX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.1209%
- Total broker commissions: $3K
- Bought from dealers (principal trades, not a cost): $31K
- Portfolio turnover (prospectus): 75%
- Securities lending: none during the year
AAMOX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Virtu Americas LLC | $1K | 49.35% |
| ROYAL BANK OF CANADA | $703 | 23.41% |
| WILLIAM BLAIR & COMPANY, L.L.C. | $168 | 5.61% |
| Needham & Company, LLC | $134 | 4.45% |
| LIQUIDNET INC. | $107 | 3.56% |
| Goldman Sachs & Co, LLC | $88 | 2.94% |
| Jefferies LLC | $88 | 2.94% |
| Craig-Hallum Capital Group LLC | $86 | 2.85% |
| COWEN AND COMPANY, LLC | $78 | 2.59% |
| CANACCORD GENUITY WEALTH MANAGEMENT (USA) INC. | $69 | 2.30% |
AAMOX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BARCLAYS CAPITAL INC. | $31K | 100.00% |
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.