Symbols

ALAI

Alger AI Enablers & Adopters ETF·ARCA

--(--)

Key Stats

Assets Under Management

301.41MUSD

Fund Flows (1Y)

244.89MUSD

Dividend Yield

1.51%

Discount/Premium to NAV

-0.10%

Shares Outstanding

8.20M

Expense Ratio

0.55%

About Alger AI Enablers & Adopters ETF

Issuer

Alger

Brand

Alger

Home Page

https://www.alger.com/pages/Products.aspx?productCode=2494

Inception Date

Apr 5, 2024

Structure

Open-Ended Fund

Index Tracked

Management Style

Active

Dividend Treatment

Distributes

Distribution Tax Treatment

Qualified dividends

Income Tax Type

Capital Gains

Max ST Capital Gains Rate

39.60%

Max LT Capital Gains Rate

20.00%

Primary Advisor

Fred Alger Management LLC

Distributor

Fred Alger & Co., Inc.

ALAI focuses on equity securities of firms benefiting from artificial intelligence (AI), targeting both AI Enablersthose developing components for and investing in AI infrastructureand AI Adoptersthose integrating AI to enhance their operations. The fund manager employs fundamental research to select securities, considering factors like revenue, resources devoted to AI, and market share estimates. This process assesses a firms involvement with AI and its potential impact on stock performance in the next one to three years. Additionally, ALAI actively seeks companies the fund issuer believes to be experiencing positive dynamic change, or those demonstrating high unit volume growth or significant lifecycle shifts. Investments span all market capitalizations, with at least 25% in AI-related industries like technology, retail, and media. The fund may also include foreign securities and hold cash or equivalents during market volatility or when awaiting investment opportunities. ALAI aims to identify firms at the forefront of AI adoption, striving for sustainable long-term growth.

Classification

Asset Class

Equity

	1-Month	3-Month	YTD	1-Year	3-Year	5-Year
Price Performance	-1.70%	-7.64%	-1.86%	+31.12%	+80.04%	+80.04%
NAV Total Return	+0.62%	-1.75%	+0.98%	+35.74%	+0.43%	+0.43%

No data is currently available

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Holdings Analysis

Sector

Technology

46.63%

Communication Services

21.79%

Consumer Cyclical

18.99%

Financial Services

4.11%

Utilities

3.57%

Healthcare

2.52%

Industrials

2.40%

Asset

Region

87.96%

7.6%

3.45%

0.98%

Investment Style

Mega

Large

Medium

Multi

Small

Value

Blend

Growth

Multi-Cap Growth

Comprises companies of multiple sizes that have high growth potential. These ETFs focus on firms across different market caps with promising growth prospects.

See more ETFs with the same investment style