ALEAX Fees and Costs — Alger Weatherbie Enduring Growth Fund, Class A
Data updated: 2023-04-06
The net expense ratio is 1.15%: a 0.70% management fee, a 0.25% 12b-1 fee plus 4.69% other expenses, less a 4.49% fee waiver. This share class carries a maximum front-end sales load of 5.25%. In fiscal 2022 the fund paid $2K in broker commissions, 0.0484% of average net assets, and portfolio turnover was 33%.
ALEAX Fees and Expenses
Annual operating expenses and sales charges of ALEAX. Prospectus, as of February 28, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | 0.25% |
| Other expenses | 4.69% |
| Gross expense ratio | 5.64% |
| Fee waiver | −4.49% |
| Net expense ratio | 1.15% |
| Sales charges | |
|---|---|
| Max front load | 5.25% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
ALEAX Costs Over Time
On $10,000 invested in ALEAX, assuming 5% a year before costs, total costs come to $1,377 over 5 years, cutting the return by 2.37% 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 1.15%) | $114 | $356 | $616 |
| Trading costs (broker commissions) | $5 | $15 | $26 |
| Lost growth on money paid in costs | $26 | $101 | $210 |
| Total costs | $670 | $997 | $1,377 |
| Value after costs | $9,830 | $10,579 | $11,385 |
| Impact on return, per year | 6.70% | 3.11% | 2.37% |
ALEAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.0484%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 33%
- Securities lending: none during the year
ALEAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Virtu Americas LLC | $1K | 69.89% |
| ROYAL BANK OF CANADA | $285 | 13.43% |
| OPPENHEIMER & CO. INC. | $74 | 3.47% |
| WILLIAM BLAIR & COMPANY, L.L.C. | $63 | 2.96% |
| Goldman Sachs & Co, LLC | $51 | 2.42% |
| Jefferies LLC | $44 | 2.09% |
| LIQUIDNET INC. | $40 | 1.88% |
| COWEN AND COMPANY, LLC | $33 | 1.57% |
| MORGAN STANLEY & CO. LLC | $26 | 1.24% |
| Piper Sandler LTD. | $22 | 1.06% |
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.