AMCZX Fees and Costs — Alger Mid Cap Growth Fund, Class Z
Data updated: 2026-09-25
The net expense ratio is 0.79%: a 0.76% management fee plus 0.16% other expenses, less a 0.13% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $164K in broker commissions, 0.0647% of average net assets, and portfolio turnover was 89%.
AMCZX Fees and Expenses
Annual operating expenses and sales charges of AMCZX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.76% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.16% |
| Gross expense ratio | 0.92% |
| Fee waiver | −0.13% |
| Net expense ratio | 0.79% |
| 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 |
AMCZX Costs Over Time
On $10,000 invested in AMCZX, assuming 5% a year before costs, total costs come to $536 over 5 years, cutting the return by 0.90% 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 0.79%) | $83 | $259 | $450 |
| Trading costs (broker commissions) | $7 | $21 | $37 |
| Lost growth on money paid in costs | $0 | $14 | $49 |
| Total costs | $90 | $294 | $536 |
| Value after costs | $10,410 | $11,282 | $12,227 |
| Impact on return, per year | 0.90% | 0.90% | 0.90% |
AMCZX 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): 0.0647%
- Total broker commissions: $164K
- Bought from dealers (principal trades, not a cost): $2.2M
- Portfolio turnover (prospectus): 89%
- Securities lending: none during the year
AMCZX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Fred Alger & Company, LLC | $46K | 31.22% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $33K | 22.41% |
| DINOSAUR FINANCIAL GROUP, L.L.C | $15K | 10.40% |
| NATIONAL FINANCIAL SERVICES LLC | $14K | 9.46% |
| Pershing LLC | $14K | 9.39% |
| WELLS FARGO SECURITIES, LLC | $7K | 4.56% |
| GOLDMAN SACHS & CO. LLC | $6K | 3.74% |
| INSTINET, LLC | $5K | 3.60% |
| SG AMERICAS SECURITIES LLC | $4K | 2.93% |
| RBC CAPITAL MARKETS, LLC | $3K | 2.28% |
AMCZX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $2.0M | 94.30% |
| PERSHING LLC | $122K | 5.61% |
| MORGAN STANLEY & CO. LLC | $2K | 0.09% |
| Prosetta Biosciences, Inc. | $4 | 0.00% |
Alger Mid Cap Growth Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| AMCZX | Class Z | 0.79% | — |
| AMGAX | Class A | 1.22% | 5.25% |
| AMCGX | Class B | 1.94% | none |
| AMGCX | Class C | 2.04% | 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.