ALAIAlger AI Enablers & Adopters ETF
Seeks long-term capital appreciation.
By Alger · Launched 2024
Annual Cost
0.58%
#3,041 of 5,854 · average
Fund Size
$451M
#1,674 of 5,854 · large
Return (1Y)Goal
+34.4%
Track Record
2 years
#3,432 of 5,854 · seasoned
Performance
Total-return NAV · USDGrowth of $10,000
$13,166+31.7%
Total-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundAsset class
EquityRegion
North americaCap
Multi cap
Strategy
Active selection
Focus
Artificial Intelligence
What it actually holds
By weightConcentration
Top 10 holdings = 60.1% of fundconcentrated
NVIDIA Corp.
14.7%
Microsoft Corp.
6.8%
Amazon.com, Inc.
6.3%
Taiwan Semiconductor Manufacturing Co., Ltd.
5.9%
Alphabet Inc.
5.4%
Nebius Group N.V.
4.9%
Western Digital Corp.
4.5%
Broadcom Inc
4.5%
Meta Platforms Inc
3.9%
Apple Inc.
3.3%
Asset allocation
Stocks
96.3%
Other
5.2%
Preferred
0.4%
By sector
Technology
53.6%
Communication
18.0%
Consumer Cyclical
11.9%
Industrials
5.8%
Financial Services
4.1%
Utilities
3.2%
Healthcare
2.6%
Basic Materials
0.7%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (1Y)
27.7%High
Year-on-year price swings
Max drawdown
-29.4%Moderate
Worst peak-to-trough loss
Sharpe (3Y)
Unavailable
Needs 3+ years of history
Sortino (3Y)
Not yet
Needs 3+ years of history
Listing
- Exchange
- NYSE Arca
Full fund details
- Objective
- Seeks long-term capital appreciation.
- Strategy
- Actively manages a portfolio of equity securities of companies of any market capitalization that benefit from artificial intelligence (AI). Focuses on companies undergoing Positive Dynamic Change, including AI Enablers and AI Adopters, across sectors like information technology, consumer discretionary, and communication services.
- Inception date
- April 4, 2024
- Fund family
- Alger
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Data updated on 2026-08-03