AZISX Fees and Costs — Alger International Small Cap Fund, Class Z
Data updated: 2026-09-25
The net expense ratio is 0.85%: a 0.75% management fee plus 14.04% other expenses, less a 13.94% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $5K in broker commissions, 0.2226% of average net assets, and portfolio turnover was 26%.
AZISX Fees and Expenses
Annual operating expenses and sales charges of AZISX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 14.04% |
| Gross expense ratio | 14.79% |
| Fee waiver | −13.94% |
| 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 |
AZISX Costs Over Time
On $10,000 invested in AZISX, assuming 5% a year before costs, total costs come to $670 over 5 years, cutting the return by 1.13% 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 | $278 | $482 |
| Trading costs (broker commissions) | $23 | $73 | $126 |
| Lost growth on money paid in costs | $0 | $17 | $61 |
| Total costs | $113 | $369 | $670 |
| Value after costs | $10,387 | $11,208 | $12,093 |
| Impact on return, per year | 1.13% | 1.13% | 1.13% |
AZISX 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): 0.2226%
- Total broker commissions: $5K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 26%
- Securities lending: none during the year
AZISX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| TOURMALINE PARTNERS, LLC | $2K | 36.45% |
| GOLDMAN SACHS & CO. LLC | $1K | 32.77% |
| CLSA LIMITED | $1K | 26.50% |
| JEFFERIES LLC | $82 | 1.80% |
| RBC DOMINION SECURITIES INC | $58 | 1.27% |
| CREDIT AGRICOLE SECURITIES (USA), INC. | $49 | 1.07% |
| Instinet LLC | $6 | 0.14% |
Alger International Small Cap Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| AZISX | Class Z | 0.85% | — |
| AFAIX | Class A | 1.20% | 5.25% |
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.