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Launched

Alger AI Enablers & Adopters ETF

ALAINYSE ArcaAlgerB

$40.33+1.63 (+4.21%)

At close: Nov 9, 2026, 4:00 PM ET

B58/ 100

Rank 10 of 30 in Artificial Intelligence

B58/100Rank 10 of 30inArtificial Intelligence
Intraday session: up, 79 prints from 38.70 to 40.33. Range 39.05 to 40.42. Use the arrow keys to read each point.39.0039.5040.0010 AM12 PM2 PM4 PM
Expense ratio
0.58%*
Fund size
$2.11B
1Y total return
+6.5%
Yield · Last 12 months
1.40%
Holdings
78
Avg volume · 30D
78.3K sh
52W range
low $30.84high $48.36
Launched

*After a fee waiver that ends Dec 31, 2027. Without it: 0.67%.

The ETF.net ALAI Grade

Based on 5 of 6 pillars

B

Score 58 out of 100

Category
Artificial Intelligence⁠
Rank
10 of 30
Six-pillar profile for ALAI. Scores out of 100: Cost 66, Risk 66, Mission not scored, Tradability 48, Holdings 36, Durability 70. Strongest: Durability (70). Weakest: Holdings (36). Based on 5 of 6 pillars.

Score 58 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    B66 out of 100
    Rank 10 of 30

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B66 out of 100
    Rank 7 of 28

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C48 out of 100
    Rank 19 of 30

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D36 out of 100
    Rank 22 of 27

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A70 out of 100
    Rank 9 of 30

Our read on ALAI

ETF.net Research

In short

BMost AI funds hand the theme to an index. Alger hands it to analysts: active managers sort names into AI Enablers (the builders) and AI Adopters (the users), at 0.58% net of a waiver through December 31, 2027.

Stated mandate

The Fund’s stated aim is long-term growth in capital.

Why people hold it

  • Two sides of the trade. The prospectus splits AI into Enablers (the hardware, software and services behind it) and Adopters (companies folding AI into their operations).sec.gov
  • A judgment call, not a keyword screen: the manager must see AI playing a material role in driving a stock's performance over the next twelve to thirty-six months.sec.gov
  • At least 80% of net assets go to equities of any market cap the manager believes benefit from AI, so small and mid caps can sit beside the megacap names.sec.gov
  • 0.58% net of a waiver through December 31, 2027 (0.67% gross) lands below the AI category median, unusual for active stock picking. A multi-billion-dollar book behind it.

Worth knowing

  • Index rivals cost less: ARTY at 0.47%, XAIX at 0.35%, neither on a waiver. The fee here buys research, and reverts toward 0.67% if the waiver lapses after 2027.
  • Concentrated and busy. About 70 stocks in one theme, and the prospectus notes turnover costs sit outside the expense ratio and can raise taxes in a taxable account.sec.gov
  • Launched in April 2024, so the record is short, and trading is moderate rather than among the category's heaviest, which can matter on large or fast orders.

ALAI Holdings

Holdings pillarD36 out of 100Rank 22 of 27 in Artificial Intelligence
Asset class
Stocks
Holdings
78
Top-10 weight
55%
Largest holding
NVDA11.5%

Sectors

  • Technology63.7%
  • Consumer Discretionary10.5%
  • Industrials7.4%
  • Communication7.4%
  • Health Care4.1%
  • Utilities3.6%
  • Financials2.5%
  • Materials0.4%
  • Energy0.3%

Geography

  • United States91.58%
  • Taiwan5.88%
  • Singapore1.00%
  • Canada0.69%
  • Netherlands0.54%
  • China0.20%
  • South Korea0.11%
The fund’s holdings, weight-ordered — page 1 of 6.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1NVDANVIDIA Corp USD 0.00111.50%942,218$176M850
2MSFTMicrosoft Com USD0.000006259.89%285,149$151M826
3No dataDreyfus Trsy Oblig Cash Mgmt Class Ins6.67%0$102M53
4AMZNAmazon Com Inc USD 0.015.23%308,776$80.1M737
5TSMTaiwan Semiconductor M Twd 10.0 Adr5.20%211,965$79.6M285
6GOOGAlphabet Inc Class C3.74%201,429$57.2M475
7METAMeta Platforms Inc USD 0.0000063.67%92,050$56.2M713
8AVGOBroadcom Inc Npv3.22%167,587$49.2M748
9NBISNebius Group N.v.2.84%335,953$43.5M184
10TLNTalen Energy Corp New USD 0.0012.84%128,217$43.4M168
11AMDAdvanced Micro Devices Inc USD 0.012.78%94,605$42.5M634
12SPCXSpace Expl Technologies C USD 0.0012.50%284,478$38.2M308
13TSLATesla Inc USD 0.0012.31%98,744$35.4M529
14SNOWSnowflake Inc USD 1.02.18%121,069$33.4M332
15WDCWestern Digital Corp USD 0.012.15%124,433$32.8M472

Showing 1–15 of 78 holdings

ALAI Performance

Launched Apr 4, 2024

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.
ALAI$10,647
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,088
Nov 6, 2025 to Nov 6, 2026. ALAI $10,647. SPY $11,088. Use the arrow keys to read each point.$10,000$12,000Nov 2025May 2026Nov 2026

Nov 6, 2025 – Nov 6, 2026

Returns run to the Nov 6, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for ALAI. Periods over one year show the average yearly return.
PeriodALAI
Year to date+7.2%
1 month−19.4%
3 months−12.6%
1 year+6.5%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for ALAI
YearReturn barALAI
2026 YTD+7.2%
2025+39.8%
2024+31.5%

History from Apr 5, 2024

ALAI in the news

ALAI Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Nov 6, 2026.
1.40%Last 12 months
Payout per share
$0.54Last 12 months
Last payment
$0.54 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution history

2024–2026

One bar per payment. 2 payments from 2024 to 2026 YTD. Dec 18, 2024 $0.17; Dec 18, 2025 $0.54. Use the arrow keys to read each point.202420252026YTD
Ex-datePay dateAmount per share
Dec 18, 2025Dec 31, 2025$0.54
Dec 18, 2024Dec 31, 2024$0.17

$10,000 in ALAI 1 year ago paid $146 in dividends.

ALAI Risk

Risk pillarB66 out of 100Rank 7 of 28 in Artificial Intelligence
How much the fund’s monthly returns vary, scaled to a year.
26.7%
Annualised · 30 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
1.18
vs 3-month T-bills · 30 months to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−29.4%
31 months · trough Apr 2025
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.93
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

ALAI Cost

Compare ALAI and XAIX

Overpaying vs XAIX, tied cheapest in Artificial Intelligence

$4,327

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • ALAI 0.58%

    $11,453

  • XAIX 0.35% Tied cheapest

    $7,126

$10,000
30 years

Cost over time

  • ALAI 0.58%
  • XAIX 0.35%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2.5K$5K$7.5K$10K$12.5K051015202530ALAI $11,453XAIX $7,126

Year by year

YearALAIXAIXOverpaying
10$1,041$634$407
20$3,986$2,454$1,532
30$11,453$7,126$4,327
How the 0.58% is worked out

Full fee 0.67%− waiver 0.09%= you pay 0.58%

The waiver ends Dec 31, 2027. After that the fee is 0.67% unless Alger renews it. Source: prospectus, Apr 2026.

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