Key stats
About Alger AI Enablers & Adopters ETF
Home page
Inception date
Apr 5, 2024
Structure
Open-Ended Fund
Replication method
Physical
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.
ISIN
US0155645031
ALAI invests in firms at the forefront of AI adoption while striving for sustainable long-term growth. The fund targets firms benefiting from artificial intelligence which includes AI Enablers that develop components for and investing in AI infrastructure, as well as AI Adopters that integrate AI to enhance operations. The fund employs fundamental research in selection, considering factors like revenue, resources devoted to AI, and market share estimates. The process assesses a firms AI involvement and potential impact on performance in the next one to three years. The fund also actively seeks companies believed to be experiencing positive dynamic change or demonstrating high unit volume growth or significant lifecycle shifts. Investments span all market caps, with at least 25% in AI-related industries like technology, retail, and media. The fund may also include non-US securities and hold cash or equivalents during market volatility or when awaiting investment opportunities.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Technology Services
Electronic Technology
Retail Trade
Stocks97.99%
Technology Services38.70%
Electronic Technology27.57%
Retail Trade14.42%
Utilities9.39%
Finance2.05%
Industrial Services1.47%
Consumer Durables1.33%
Transportation0.99%
Health Services0.93%
Consumer Services0.38%
Producer Manufacturing0.33%
Health Technology0.24%
Commercial Services0.18%
Bonds, Cash & Other2.01%
Miscellaneous1.46%
Cash0.55%
Stock breakdown by region
North America87.86%
Asia7.54%
Europe3.47%
Latin America0.60%
Middle East0.53%
Africa0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
ALAI invests in stocks. The fund's major sectors are Technology Services, with 38.70% stocks, and Electronic Technology, with 27.57% of the basket. The assets are mostly located in the North America region.
ALAI top holdings are NVIDIA Corporation and Amazon.com, Inc., occupying 14.70% and 10.58% of the portfolio correspondingly.
ALAI assets under management is 188.19 M USD. It's risen 52.44% over the last month.
ALAI fund flows account for 151.74 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, ALAI pays dividends to its holders with the dividend yield of 0.00%. The last dividend (Dec 31, 2024) amounted to 0.17 USD. The dividends are paid annually.
ALAI shares are issued by Alger Associates, Inc. (United States) under the brand Alger. The ETF was launched on Apr 5, 2024, and its management style is Active.
ALAI expense ratio is 0.55% meaning you'd have to pay 0.55% of your investment to help manage the fund.
ALAI follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
ALAI invests in stocks.
ALAI price has risen by 13.41% over the last month, and its yearly performance shows a 64.39% increase. See more dynamics on ALAI price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 13.45% over the last month, showed a 28.82% increase in three-month performance and has increased by 42.28% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 13.45% over the last month, showed a 28.82% increase in three-month performance and has increased by 42.28% in a year.
ALAI trades at a premium (0.20%) meaning the ETF is trading at a higher price than the calculated NAV.