Alger AI Enablers & Adopters ETF
NYSE Arca:ALAI

  • LAST PRICE
    26.06
  • TODAY'S CHANGE (%)
    -0.10 (-0.38%)
  • Bid / Lots
    26.04/ 1
  • Ask / Lots
    26.06/ 1
  • Open / Previous Close
    26.13 / 26.16
  • Day Range
    25.98
    26.13
  • 52 Week Range
    18.45
    26.25
  • Volume
    2,803
  • Overall Morningstar Rating
    Not Ratedout of 419 funds

Search Criteria

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CompanyCountrySymbol

Charts

Price Comparison Graph. See accessible table below
Data delayed at least 15 minutes.

Daily Premium/Discount

Bar Graph.See accessible table below
ETFs trading at a price higher than its Net Asset Value (NAV) is said to be trading at a premium, while those trading at price lower than its NAV is said to be at a discount. By showing the daily premium/discount percentage, we can see the trend in market sentiments, regarding the value of an ETF over time.

Holdings Diversification

Asset Class
US Stock		88.2%
Non-US Stock		9.6%
Cash		2.2%
Convertible		0
Non-US Bond		0
Other		0
Sectors
Technology53.7%
Consumer Cyclical13.5%
Communication Services12.2%
Industrials6.2%
Healthcare3.6%
Utilities3.5%
Financial Serv.s3.1%
Real Estate1.8%
Consumer Defensive0.3%
Basic Mat.0
Energy0
Geographic Region
United States		90.2%
Canada		4.0%
Asia/Oceania		3.5%
Latin America		1.5%
Europe		0.8%
Africa		0
As of 2024-08-31

Top 10 Holdings

Company NamePositionAllocation
Allocation
1 Month Change
Market Value
MSFT
Microsoft Corp
Long
11.9%
+7.67%
$1.0M
AAPL
Apple Inc
Long
11.1%
+13.18%
$975.1K
NVDA
NVIDIA Corp
Long
11.0%
+9.40%
$965.1K
AMZN
Amazon.com Inc
Long
8.8%
-9.34%
$774.3K
META
Meta Platforms Inc Class A
Long
6.7%
+28.72%
$591.2K
APP
AppLovin Corp Ordinary Shares - Class A
Long
4.8%
+4.73%
$421.4K
AVGO
Broadcom Inc
Long
4.1%
+10.42%
$364.1K
GFL
GFL Environmental Inc
Long
3.7%
---
$325.0K
SPGI
S&P Global Inc
Long
2.9%
+6.47%
$253.5K
TSM
Taiwan Semiconductor Manufacturing Co Ltd ADR
Long
2.6%
+22.90%
$225.8K
As of 2024-11-11

Reports

No reports available

Morningstar Ratings

Time HorizonStar Rating
Overall RatingNot Rated
3 Year RatingNot Rated
5 Year RatingNot Rated
10 Year RatingNot Rated
As of 2024-10-31

Past performance is no guarantee of future results. The ratings reflect historical risk-adjusted performance, and the overall rating is derived from a weight average of the fund's 3, 5, and 10 year (Morningstar Rating) metrics.

Style Box is calculated only using the long position holdings of the portfolio.

ETF Profile
Best Fit Index
N/A
Category
Technology
Sponsor
Fred Alger Management, LLC
Inception
April 4, 2024
As of 2024-08-31

The investment seeks long-term capital appreciation. Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of companies of any market capitalization focusing on the development, adoption, and utilization of artificial intelligence (“AI”) technologies that the manager believes demonstrate promising growth potential. The fund is non-diversified.

Holding Details
Total Net Assets$11.8M
Shares Out.675.0K
Net Asset Value (NAV)$26.13
Prem/Discount to NAV0.13%
P/E Ratio38.2
Dividend Yield---
Dividend per Share---
Ex-Dividend Date---
Dividend Payment Date---
Beta---
Morningstar Investment StyleTechnology
Equity Style
Large Cap Growth
Credit Quality / Duration
---
Fees & Expenses
Actual Management Fee0.45%
Actual Mgmt. Expense Ratio (MER)---