AYEMX Fees and Costs — Alger Emerging Markets Fund, Class Y
Data updated: 2026-09-25
The net expense ratio is 0.95%: a 0.75% management fee plus 0.84% other expenses, less a 0.64% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $38K in broker commissions, 0.2151% of average net assets, and portfolio turnover was 52%.
AYEMX Fees and Expenses
Annual operating expenses and sales charges of AYEMX. Prospectus, as of February 29, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.84% |
| Gross expense ratio | 1.59% |
| Fee waiver | −0.64% |
| Net expense ratio | 0.95% |
| 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 |
AYEMX Costs Over Time
On $10,000 invested in AYEMX, assuming 5% a year before costs, total costs come to $726 over 5 years, cutting the return by 1.22% 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 0.95%) | $100 | $311 | $538 |
| Trading costs (broker commissions) | $23 | $70 | $122 |
| Lost growth on money paid in costs | $0 | $19 | $67 |
| Total costs | $122 | $400 | $726 |
| Value after costs | $10,378 | $11,176 | $12,036 |
| Impact on return, per year | 1.22% | 1.22% | 1.22% |
AYEMX 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): 0.2151%
- Total broker commissions: $38K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 52%
- Securities lending: none during the year
AYEMX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CLSA LIMITED | $20K | 53.88% |
| TOURMALINE PARTNERS, LLC | $13K | 35.05% |
| Financial Brokerage Group | $2K | 4.93% |
| JEFFERIES LLC | $1K | 2.74% |
| Banco BTG Pactual S.A. | $549 | 1.45% |
| BERENBERG BANK | $299 | 0.79% |
| Fubon Securities Co Ltd | $262 | 0.69% |
| Lloyds Securities Inc | $104 | 0.28% |
| STIFEL, NICOLAUS & CO INC | $71 | 0.19% |
Alger Emerging Markets Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| AYEMX | Class Y | 0.95% | — |
| AZEMX | Class Z | 0.99% | — |
| AIEMX | Class I | 1.45% | — |
| AAEMX | Class A | 1.55% | 5.25% |
| ACEMX | 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.