ALEIX Fees and Costs — Alger Weatherbie Enduring Growth Fund, Class I
Data updated: 2023-04-06
The net expense ratio is 1.10%: a 0.70% management fee, a 0.25% 12b-1 fee plus 4.40% other expenses, less a 4.25% fee waiver. There are no sales loads or redemption fees. In fiscal 2022 the fund paid $2K in broker commissions, 0.0484% of average net assets, and portfolio turnover was 33%.
ALEIX Fees and Expenses
Annual operating expenses and sales charges of ALEIX. Prospectus, as of February 28, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | 0.25% |
| Other expenses | 4.40% |
| Gross expense ratio | 5.35% |
| Fee waiver | −4.25% |
| Net expense ratio | 1.10% |
| 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 |
ALEIX Costs Over Time
On $10,000 invested in ALEIX, assuming 5% a year before costs, total costs come to $716 over 5 years, cutting the return by 1.21% 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 1.10%) | $116 | $360 | $623 |
| Trading costs (broker commissions) | $5 | $16 | $27 |
| Lost growth on money paid in costs | $0 | $19 | $66 |
| Total costs | $121 | $394 | $716 |
| Value after costs | $10,379 | $11,182 | $12,047 |
| Impact on return, per year | 1.21% | 1.21% | 1.21% |
ALEIX 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
ALEIX 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.