ATFPX Fees and Costs — Alger 25 Fund, Class P
Data updated: 2021-06-29
The net expense ratio is 0.55%: a 0.45% management fee plus 0.83% other expenses, less a 0.73% fee waiver. There are no sales loads or redemption fees. In fiscal 2020 the fund paid $8K in broker commissions, 0.0444% of average net assets, and portfolio turnover was 59%.
ATFPX Fees and Expenses
Annual operating expenses and sales charges of ATFPX. Prospectus, as of February 28, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | — |
| Other expenses | 0.83% |
| Gross expense ratio | 1.28% |
| Fee waiver | −0.73% |
| Net expense ratio | 0.55% |
| 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 |
ATFPX Costs Over Time
On $10,000 invested in ATFPX, assuming 5% a year before costs, total costs come to $375 over 5 years, cutting the return by 0.62% 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 0.55%) | $58 | $181 | $315 |
| Trading costs (broker commissions) | $5 | $15 | $25 |
| Lost growth on money paid in costs | $0 | $10 | $34 |
| Total costs | $62 | $205 | $375 |
| Value after costs | $10,438 | $11,371 | $12,388 |
| Impact on return, per year | 0.62% | 0.62% | 0.62% |
ATFPX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2020.
- Explicit cost rate (commissions ÷ average net assets): 0.0444%
- Total broker commissions: $8K
- Bought from dealers (principal trades, not a cost): $731K
- Portfolio turnover (prospectus): 59%
- Securities lending: none during the year
ATFPX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Fred Alger & Co., Inc. | $3K | 44.17% |
| Cantor Fitzgerald & Co. | $2K | 26.74% |
| Piper Sandler LTD. | $457 | 6.57% |
| ABEL NOSER, L.L.C. | $421 | 6.06% |
| INSTINET, LLC | $240 | 3.46% |
| J.P. MORGAN SECURITIES LLC | $206 | 2.96% |
| BTIG, LLC | $188 | 2.71% |
| Wells Fargo Securities LLC | $183 | 2.63% |
| MORGAN STANLEY & CO. LLC | $174 | 2.50% |
| Goldman Sachs & Co, LLC | $154 | 2.21% |
ATFPX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co, LLC | $731K | 100.00% |
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.