ALVOX Fees and Costs — Alger Capital Appreciation Portfolio, Class I-2
Data updated: 2026-08-27
The net expense ratio is 0.94%: a 0.81% management fee plus 0.13% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $354K in broker commissions, 0.0515% of average net assets, and portfolio turnover was 76%.
ALVOX Fees and Expenses
Annual operating expenses and sales charges of ALVOX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.81% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.13% |
| Gross expense ratio | 0.94% |
| Fee waiver | — |
| Net expense ratio | 0.94% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
ALVOX Costs Over Time
On $10,000 invested in ALVOX, assuming 5% a year before costs, total costs come to $620 over 5 years, cutting the return by 1.04% 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 0.94%) | $99 | $308 | $534 |
| Trading costs (broker commissions) | $5 | $17 | $29 |
| Lost growth on money paid in costs | $0 | $16 | $57 |
| Total costs | $104 | $341 | $620 |
| Value after costs | $10,396 | $11,235 | $12,143 |
| Impact on return, per year | 1.04% | 1.04% | 1.04% |
ALVOX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0515%
- Total broker commissions: $354K
- Bought from dealers (principal trades, not a cost): $15.6M
- Portfolio turnover (prospectus): 76%
- Securities lending: none during the year
ALVOX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $91K | 30.78% |
| Pershing LLC | $61K | 20.65% |
| Fred Alger & Company, LLC | $43K | 14.67% |
| LPS Capital LLC | $25K | 8.63% |
| NATIONAL FINANCIAL SERVICES LLC | $24K | 8.24% |
| MORGAN STANLEY & CO. LLC | $12K | 4.22% |
| RBC CAPITAL MARKETS, LLC | $10K | 3.52% |
| WELLS FARGO SECURITIES, LLC | $10K | 3.24% |
| J.P. Morgan Securities LLC | $9K | 3.09% |
| UBS Securities LLC | $9K | 2.98% |
ALVOX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $9.3M | 60.00% |
| Disruptive Technology Solutions LLC | $3.2M | 20.56% |
| Figure AI Inc. | $2.2M | 14.00% |
| Jefferies & Company Inc | $444K | 2.85% |
| Databricks, Inc. | $391K | 2.51% |
| CitiGroup Global Markets Inc. | $13K | 0.08% |
Alger Capital Appreciation Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| ALVOX | Class I-2 | 0.94% | — |
| C000025033 | Class S | 1.19% | — |
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.