The spin structure and spin dynamics of excitons in an ensemble of (In,Al)As/AlAs quantum dots (QDs) with type-I band alignment, containing both direct and indirect band gap dots, are studied. Time-resolved and spectral selective techniques are used to distinguish between the direct and indirect QDs. The exciton fine structure is studied by means of optical alignment and optical orientation techniques in magnetic fields applied in the Faraday or Voigt geometries. A drastic difference in emission polarization is found for the excitons in the direct QDs involving a Γ-valley electron and the excitons in the indirect QDs contributed by an X-valley electron. We show that in the direct QDs the exciton spin dynamics is controlled by the anisotropic exchange splitting, while in the indirect QDs it is determined by the hyperfine interaction with nuclear field fluctuations. The anisotropic exchange splitting is determined for the direct QD excitons and compared with model calculations.c is the maximal circular polarization degree achieved in strong fields, µ B is the Bohr magneton, and g ex is the longitudinal exciton g-factor. The latter is composed of the Γ-electron (g e ) and heavy hole (g hh ) gfactors: g ex = g hh − g e . Both dependencies of ρ l (B) and

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Exciton recombination and spin dynamics in (In,Al)As/AlAs quantum dots (QDs) with indirect band gap and type-I band alignment were studied. The negligible (less than 0.2 μeV) value of the anisotropic exchange interaction in these QDs prevents the mixing of the excitonic basis states and makes the formation of spin-polarized bright excitons possible under quasi-resonant, circularly polarized excitation. The recombination and spin dynamics of excitons are controlled by the hyperfine interaction between the electron and nuclear spins. A QD blockade by dark excitons was observed in the magnetic field, that eliminates the impact of nuclear spin fluctuations. A kinetic model which accounts for the population dynamics of the bright and dark exciton states as well as for the spin dynamics was developed to quantitatively describe the experimental data.