ASCYX Fees and Costs — Alger Small Cap Growth Fund, Class Y
Data updated: 2026-09-25
The net expense ratio is 0.85%: a 0.81% management fee plus 0.25% other expenses, less a 0.21% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $195K in broker commissions, 0.0915% of average net assets, and portfolio turnover was 38%.
ASCYX Fees and Expenses
Annual operating expenses and sales charges of ASCYX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.81% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.25% |
| Gross expense ratio | 1.06% |
| Fee waiver | −0.21% |
| Net expense ratio | 0.85% |
| 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 |
ASCYX Costs Over Time
On $10,000 invested in ASCYX, assuming 5% a year before costs, total costs come to $590 over 5 years, cutting the return by 0.99% 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 0.85%) | $89 | $279 | $484 |
| Trading costs (broker commissions) | $10 | $30 | $52 |
| Lost growth on money paid in costs | $0 | $15 | $54 |
| Total costs | $99 | $324 | $590 |
| Value after costs | $10,401 | $11,252 | $12,173 |
| Impact on return, per year | 0.99% | 0.99% | 0.99% |
ASCYX 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): 0.0915%
- Total broker commissions: $195K
- Bought from dealers (principal trades, not a cost): $9.4M
- Portfolio turnover (prospectus): 38%
- Securities lending: none during the year
ASCYX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $46K | 26.41% |
| Fred Alger & Company, LLC | $36K | 20.57% |
| Pershing LLC | $32K | 18.15% |
| NATIONAL FINANCIAL SERVICES LLC | $19K | 10.91% |
| DINOSAUR FINANCIAL GROUP, L.L.C | $14K | 7.88% |
| GOLDMAN SACHS & CO. LLC | $8K | 4.43% |
| MORGAN STANLEY & CO. LLC | $6K | 3.49% |
| RBC CAPITAL MARKETS, LLC | $5K | 3.09% |
| Raymond James & Associates, Inc. | $5K | 2.60% |
| STIFEL, NICOLAUS & CO INC | $4K | 2.47% |
ASCYX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $4.9M | 52.90% |
| Goldman Sachs & Co. LLC | $1.6M | 17.40% |
| JEFFERIES LLC | $1.6M | 17.23% |
| MORGAN STANLEY & CO. LLC | $763K | 8.15% |
| PERSHING LLC | $281K | 3.00% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $67K | 0.72% |
| CitiGroup Global Markets Inc. | $55K | 0.59% |
| Prosetta Biosciences, Inc. | $1 | 0.00% |
Alger Small 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 |
|---|---|---|---|
| ASCYX | Class Y | 0.85% | — |
| ASCZX | Class Z | 1.00% | — |
| ALSAX | Class A | 1.32% | 5.25% |
| ALSCX | Class B | 2.05% | none |
| AGSCX | Class C | 2.12% | 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.