ALBAX Fees and Costs — Alger Growth & Income Fund, Class A
Data updated: 2026-09-25
The net expense ratio is 0.93%: a 0.50% management fee, a 0.25% 12b-1 fee plus 0.18% other expenses. This share class carries a maximum front-end sales load of 5.25%. In fiscal 2025 the fund paid $31K in broker commissions, 0.0044% of average net assets, and portfolio turnover was 5%.
ALBAX Fees and Expenses
Annual operating expenses and sales charges of ALBAX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.18% |
| Gross expense ratio | 0.93% |
| Fee waiver | — |
| Net expense ratio | 0.93% |
| Sales charges | |
|---|---|
| Max front load | 5.25% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | Yes |
ALBAX Costs Over Time
On $10,000 invested in ALBAX, assuming 5% a year before costs, total costs come to $1,225 over 5 years, cutting the return by 2.10% 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 | $525 | $525 | $525 |
| Fund expenses (net expense ratio 0.93%) | $93 | $289 | $501 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $26 | $97 | $196 |
| Total costs | $644 | $912 | $1,225 |
| Value after costs | $9,856 | $10,664 | $11,538 |
| Impact on return, per year | 6.44% | 2.83% | 2.10% |
ALBAX 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): 0.0044%
- Total broker commissions: $31K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 5%
- Securities on loan, average value: $465K
- Net income from securities lending: $37K (0.005% of average net assets)
ALBAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| DINOSAUR FINANCIAL GROUP, L.L.C | $11K | 36.91% |
| J.P. Morgan Securities LLC | $4K | 13.23% |
| Pershing LLC | $4K | 12.69% |
| GOLDMAN SACHS & CO. LLC | $4K | 12.50% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $3K | 8.80% |
| JEFFERIES LLC | $2K | 6.18% |
| BARCLAYS CAPITAL, INC. | $990 | 3.34% |
| NATIONAL FINANCIAL SERVICES LLC | $803 | 2.71% |
| CITIGROUP GLOBAL MARKETS INC. | $658 | 2.22% |
| Fred Alger & Company, LLC | $421 | 1.42% |
Alger Growth & Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| AGIZX | Class Z | 0.62% | — |
| ALBAX | Class A | 0.93% | 5.25% |
| ALBCX | Class C | 1.68% | 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.