ASPIX Fees and Costs — Alger Spectra Fund, Class I
Data updated: 2026-09-25
The net expense ratio is 1.54%: a 0.83% management fee, a 0.25% 12b-1 fee plus 0.46% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $3.3M in broker commissions, 0.0875% of average net assets, and portfolio turnover was 51%.
ASPIX Fees and Expenses
Annual operating expenses and sales charges of ASPIX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.83% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.46% |
| Gross expense ratio | 1.54% |
| Fee waiver | — |
| Net expense ratio | 1.54% |
| 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 |
ASPIX Costs Over Time
On $10,000 invested in ASPIX, assuming 5% a year before costs, total costs come to $1,005 over 5 years, cutting the return by 1.71% 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 1.54%) | $162 | $501 | $863 |
| Trading costs (broker commissions) | $9 | $28 | $49 |
| Lost growth on money paid in costs | $0 | $26 | $93 |
| Total costs | $171 | $556 | $1,005 |
| Value after costs | $10,329 | $11,020 | $11,758 |
| Impact on return, per year | 1.71% | 1.71% | 1.71% |
ASPIX 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): 0.0875%
- Total broker commissions: $3.3M
- Bought from dealers (principal trades, not a cost): $92.1M
- Portfolio turnover (prospectus): 51%
- Securities lending: none during the year
ASPIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $676K | 25.27% |
| Pershing LLC | $516K | 19.29% |
| Fred Alger & Company, LLC | $426K | 15.93% |
| GOLDMAN SACHS & CO. LLC | $296K | 11.05% |
| DINOSAUR FINANCIAL GROUP, L.L.C | $265K | 9.90% |
| STIFEL, NICOLAUS & CO INC | $134K | 4.99% |
| WELLS FARGO SECURITIES, LLC | $125K | 4.67% |
| NATIONAL FINANCIAL SERVICES LLC | $114K | 4.26% |
| Raymond James & Associates, Inc. | $67K | 2.49% |
| J.P. Morgan Securities LLC | $57K | 2.14% |
ASPIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $37.8M | 41.03% |
| Databricks, Inc. | $30.1M | 32.70% |
| PERSHING LLC | $12.6M | 13.73% |
| SB Technology Inc. | $9.5M | 10.30% |
| MORGAN STANLEY & CO. LLC | $1.9M | 2.02% |
| Jefferies & Co., Inc. | $114K | 0.12% |
| CitiGroup Global Markets Inc. | $73K | 0.08% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $14K | 0.01% |
| Prosetta Biosciences, Inc. | $56 | 0.00% |
Alger Spectra Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| ASPYX | Class Y | 1.12% | — |
| ASPZX | Class Z | 1.18% | — |
| SPECX | Class A | 1.53% | 5.25% |
| ASPIX | Class I | 1.54% | — |
| ASPCX | Class C | 2.30% | 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.