ALAIAlger AI Enablers & Adopters ETF

Grow my money2y track recordRanked #1,108 of 2,960 in this goal

Seeks long-term capital appreciation.

By Alger · Launched 2024

Annual Cost

0.58%

#2,930 of 5,562 · average

Fund Size

$437M

#1,681 of 5,562 · large

Return (1Y)Goal

+62.7%

Track Record

2 years

#3,520 of 5,562 · seasoned

Performance

Total-return NAV · USD

Growth of $10,000

$16,220+62.2%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Equity

Region

North america

Cap

Multi cap

Strategy

Active selection

Focus

Artificial Intelligence

What it actually holds

By weight

Concentration

Top 10 holdings = 63.0% of fundconcentrated

NVIDIA Corp

11.4%

Microsoft Corp

9.8%

Amazon.com Inc

7.7%

Meta Platforms Inc

5.7%

TSMC

5.5%

AppLovin Corp

5.3%

Alphabet Inc

5.1%

Broadcom Inc

4.6%

Talen Energy Corp

4.1%

Apple Inc

3.9%

Asset allocation

Stocks

97.5%

Other

5.2%

Preferred

0.4%

By sector

Technology

54.7%

Communication

21.1%

Consumer Cyclical

12.7%

Financial Services

4.0%

Utilities

2.8%

Industrials

2.2%

Healthcare

2.0%

Basic Materials

0.5%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

25.8%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

Where to buy

Listing

Exchange: NYSE Arca

Full fund details

Objective: Seeks long-term capital appreciation.
Strategy: Invests primarily in equity securities of companies benefiting from artificial intelligence, focusing on those with high growth potential. Targets firms undergoing Positive Dynamic Change, including High Unit Volume Growth and Positive Lifecycle Change.
Inception date: April 4, 2024
Fund family: Alger