ATVVX Fees and Costs — Alger 35 Fund, Class P-2
Data updated: 2026-09-25
The net expense ratio is 0.71%: a 0.45% management fee plus 1.65% other expenses, less a 1.39% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $50K in broker commissions, 0.1308% of average net assets, and portfolio turnover was 189%.
ATVVX Fees and Expenses
Annual operating expenses and sales charges of ATVVX. Prospectus, as of February 28, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | — |
| Other expenses | 1.65% |
| Gross expense ratio | 2.10% |
| Fee waiver | −1.39% |
| Net expense ratio | 0.71% |
| 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 |
ATVVX Costs Over Time
On $10,000 invested in ATVVX, assuming 5% a year before costs, total costs come to $528 over 5 years, cutting the return by 0.88% 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 0.71%) | $75 | $233 | $405 |
| Trading costs (broker commissions) | $14 | $43 | $75 |
| Lost growth on money paid in costs | $0 | $14 | $48 |
| Total costs | $88 | $290 | $528 |
| Value after costs | $10,412 | $11,287 | $12,235 |
| Impact on return, per year | 0.88% | 0.88% | 0.88% |
ATVVX 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): 0.1308%
- Total broker commissions: $50K
- Bought from dealers (principal trades, not a cost): $1.5M
- Portfolio turnover (prospectus): 189%
- Securities lending: none during the year
ATVVX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Fred Alger & Company, LLC | $14K | 31.60% |
| NATIONAL FINANCIAL SERVICES LLC | $6K | 14.08% |
| Pershing LLC | $6K | 13.30% |
| GOLDMAN SACHS & CO. LLC | $6K | 12.84% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $4K | 9.76% |
| JEFFERIES LLC | $2K | 5.28% |
| Instinet LLC | $2K | 4.24% |
| WELLS FARGO SECURITIES, LLC | $1K | 3.16% |
| DINOSAUR FINANCIAL GROUP, L.L.C | $1K | 3.00% |
| BARCLAYS CAPITAL, INC. | $1K | 2.74% |
ATVVX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| NATIONAL FINANCIAL SERVICES LLC | $703K | 47.73% |
| Cowen and Company, LLC | $460K | 31.22% |
| Forte Biosciences | $283K | 19.20% |
| Goldman Sachs & Co. LLC | $27K | 1.85% |
Alger 35 Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| ATVPX | Class Z | 0.55% | — |
| ATVVX | Class P-2 | 0.71% | — |
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.