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About Alger Mid Cap 40 ETF
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Inception date
Feb 26, 2021
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
US0155641071
FRTY holds approximately 40 companies in its portfolio selected from the Russell Midcap Growth Index or the S&P Midcap 400 Index based on the advisers highest conviction in the space. The fund focuses on the constituents growth characteristics and experiences regarding Positive Dynamic Change which, based on the fund advisers proprietary methodology, entails High Unit Volume Growth or Positive Lifecycle Change. Unlike other traditional ETFs, FRTY does not publicly disclose its portfolio holdings daily. It provides a Verified Intraday Indicative Value (VIIV) to provide additional information regarding the indicative value of shares of the fund. Complete holdings are disclosed monthly with a 60-day lag.
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
Utilities
Stocks95.57%
Technology Services36.27%
Electronic Technology20.72%
Utilities12.15%
Finance5.28%
Consumer Services4.77%
Health Technology4.28%
Health Services3.52%
Industrial Services2.95%
Retail Trade2.43%
Producer Manufacturing1.90%
Consumer Non-Durables1.30%
Bonds, Cash & Other4.43%
Cash4.43%
Stock breakdown by region
North America96.08%
Asia2.54%
Europe1.38%
Latin America0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
FRTY invests in stocks. The fund's major sectors are Technology Services, with 36.27% stocks, and Electronic Technology, with 20.72% of the basket. The assets are mostly located in the North America region.
FRTY top holdings are Talen Energy Corp and Palantir Technologies Inc. Class A, occupying 6.47% and 4.84% of the portfolio correspondingly.
FRTY last dividends amounted to 0.02 USD. The year before, the issuer paid 1.07 USD in dividends, which shows a 5.58 K% decrease.
FRTY assets under management is 121.80 M USD. It's risen 14.73% over the last month.
FRTY fund flows account for 45.01 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, FRTY pays dividends to its holders with the dividend yield of 0.08%. The last dividend (Dec 31, 2024) amounted to 0.02 USD. The dividends are paid annually.
FRTY shares are issued by Alger Associates, Inc. (United States) under the brand Alger. The ETF was launched on Feb 26, 2021, and its management style is Active.
FRTY expense ratio is 0.60% meaning you'd have to pay 0.60% of your investment to help manage the fund.
FRTY follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
FRTY invests in stocks.
FRTY price has risen by 13.66% over the last month, and its yearly performance shows a 29.96% increase. See more dynamics on FRTY price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 11.61% over the last month, showed a 16.25% increase in three-month performance and has increased by 30.84% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 11.61% over the last month, showed a 16.25% increase in three-month performance and has increased by 30.84% in a year.
FRTY trades at a premium (0.08%) meaning the ETF is trading at a higher price than the calculated NAV.