ALOAX Fees and Costs — Alger Mid Cap Focus Fund, Class A
Data updated: 2026-09-25
The net expense ratio is 1.15%: a 0.67% management fee, a 0.25% 12b-1 fee plus 0.23% other expenses. This share class carries a maximum front-end sales load of 5.25%. In fiscal 2025 the fund paid $555K in broker commissions, 0.1956% of average net assets, and portfolio turnover was 265%.
ALOAX Fees and Expenses
Annual operating expenses and sales charges of ALOAX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.67% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.23% |
| Gross expense ratio | 1.15% |
| Fee waiver | — |
| 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 |
ALOAX Costs Over Time
On $10,000 invested in ALOAX, assuming 5% a year before costs, total costs come to $1,462 over 5 years, cutting the return by 2.52% 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 | $615 |
| Trading costs (broker commissions) | $19 | $60 | $105 |
| Lost growth on money paid in costs | $26 | $103 | $218 |
| Total costs | $685 | $1,045 | $1,462 |
| Value after costs | $9,815 | $10,532 | $11,301 |
| Impact on return, per year | 6.85% | 3.26% | 2.52% |
ALOAX 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): 0.1956%
- Total broker commissions: $555K
- Bought from dealers (principal trades, not a cost): $18.8M
- Portfolio turnover (prospectus): 265%
- Securities lending: none during the year
ALOAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $127K | 27.36% |
| Pershing LLC | $91K | 19.54% |
| Fred Alger & Company, LLC | $84K | 17.95% |
| DINOSAUR FINANCIAL GROUP, L.L.C | $46K | 9.81% |
| NATIONAL FINANCIAL SERVICES LLC | $24K | 5.22% |
| STIFEL, NICOLAUS & CO INC | $22K | 4.69% |
| MORGAN STANLEY & CO. LLC | $20K | 4.31% |
| WELLS FARGO SECURITIES, LLC | $19K | 4.01% |
| CLSA LIMITED | $17K | 3.74% |
| J.P. Morgan Securities LLC | $16K | 3.37% |
ALOAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Databricks, Inc. | $7.5M | 39.70% |
| J.P. Morgan Securities LLC | $3.4M | 18.17% |
| PERSHING LLC | $2.5M | 13.33% |
| Goldman Sachs & Co. LLC | $2.4M | 12.97% |
| Cowen and Company, LLC | $1.3M | 6.66% |
| SB Technology Inc. | $1.0M | 5.51% |
| MORGAN STANLEY & CO. LLC | $355K | 1.88% |
| UBS Securities LLC | $210K | 1.12% |
| CitiGroup Global Markets Inc. | $116K | 0.62% |
| JEFFERIES LLC | $8K | 0.04% |
Alger Mid Cap Focus Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| ALOYX | Class Y | 0.74% | — |
| AFOZX | Class Z | 0.82% | — |
| AFOIX | Class I | 1.15% | — |
| ALOAX | Class A | 1.15% | 5.25% |
| ALOCX | Class C | 1.92% | 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.