ADOCX Fees and Costs — Alger Dynamic Opportunities Fund, Class C
Data updated: 2026-09-25
The net expense ratio is 2.78%: a 1.20% management fee, a 1.00% 12b-1 fee plus 0.58% other expenses. This share class carries a deferred sales charge of up to 1.00%. In fiscal 2025 the fund paid $1.0M in broker commissions, 0.4971% of average net assets, and portfolio turnover was 377%.
ADOCX Fees and Expenses
Annual operating expenses and sales charges of ADOCX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 1.20% |
| 12b-1 fee | 1.00% |
| Other expenses | 0.58% |
| Gross expense ratio | 2.78% |
| Fee waiver | — |
| Net expense ratio | 2.78% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | Yes |
ADOCX Costs Over Time
On $10,000 invested in ADOCX, assuming 5% a year before costs, total costs come to $1,959 over 5 years, cutting the return by 3.44% 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 |
| Sales charges | $102 | $0 | $0 |
| Fund expenses (net expense ratio 2.78%) | $292 | $889 | $1,506 |
| Trading costs (broker commissions) | $52 | $159 | $269 |
| Lost growth on money paid in costs | $0 | $53 | $184 |
| Total costs | $446 | $1,101 | $1,959 |
| Value after costs | $10,054 | $10,475 | $10,804 |
| Impact on return, per year | 4.46% | 3.44% | 3.44% |
ADOCX 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): 0.4971%
- Total broker commissions: $1.0M
- Bought from dealers (principal trades, not a cost): $365.0M
- Portfolio turnover (prospectus): 377%
- Securities lending: none during the year
ADOCX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $151K | 17.79% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $138K | 16.19% |
| DINOSAUR FINANCIAL GROUP, L.L.C | $134K | 15.82% |
| Fred Alger & Company, LLC | $109K | 12.86% |
| RBC CAPITAL MARKETS, LLC | $106K | 12.53% |
| Pershing LLC | $84K | 9.94% |
| J.P. Morgan Securities LLC | $39K | 4.63% |
| NATIONAL FINANCIAL SERVICES LLC | $31K | 3.63% |
| STIFEL, NICOLAUS & CO INC | $31K | 3.60% |
| WELLS FARGO SECURITIES, LLC | $26K | 3.02% |
ADOCX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BNY MELLON CAPITAL MARKETS, LLC | $362.4M | 99.29% |
| Cowen and Company, LLC | $1.0M | 0.29% |
| Forte Biosciences | $1.0M | 0.28% |
| PERSHING LLC | $252K | 0.07% |
| J.P. Morgan Securities LLC | $218K | 0.06% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $34K | 0.01% |
| CitiGroup Global Markets Inc. | $9K | 0.00% |
| MORGAN STANLEY & CO. LLC | $8K | 0.00% |
Alger Dynamic Opportunities Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| ADOZX | Class Z | 1.69% | — |
| SPEDX | Class A | 2.00% | 5.25% |
| ADOCX | Class C | 2.78% | 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.