Alger AI Enablers & Adopters ETF
$46.73−0.51 (−1.08%)
- Expense ratio
- 0.58%
- Fund size
- $1.3B
- 1Y return
- +26.9%
- Yield · Last 12 months
- 1.15%
- Holdings
- 65
- Volume · 30D
- 0.1M sh
- NAV per share
- $46.80
- 52W range
The ETF.net ALAI Grade
Score 62 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.AScore 72Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 58Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.BScore 69Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.DScore 27Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 64Category rank
Our read on ALAI
BMost AI funds stop at the chipmakers. Alger's version splits the theme in two, the companies building AI and the ones putting it to work, under a long-term growth mandate priced below the typical AI thematic fund.
The Fund’s stated aim is long-term growth in capital.
Why people hold it
- Two buckets, not one: the enablers building the AI stack and the adopters deploying it, so the portfolio doesn't live or die on semiconductors alone.
- Charges 0.55% a year, below the median for AI thematic funds. That is a thin fee for a focused, hands-on theme.
- Rates in the upper tier of a crowded AI field of more than two dozen competing funds.
Worth knowing
- Cheaper shelf-mates work the same theme: XAIX at 0.35%, QTUM at 0.40%, WTAI at 0.45%.
- Launched in 2024, so the record covers one stretch of market weather, not a full cycle.
- Payouts arrive once or twice a year at most. The stated aim is long-term growth in capital, not income.
ALAI Holdings
- Stocks
- 65
- 55%
- NVDA
Sectors
- Technology57.4%
- Communication13.3%
- Consumer Discr.11.6%
- Industrials6.3%
- Financials5.3%
- Health Care2.8%
- Utilities2.7%
- Materials0.7%
Geography
- United States84.84%
- Taiwan5.90%
- Netherlands4.13%
- Singapore1.10%
- Australia1.00%
- South Korea0.75%
- Uruguay0.58%
- Ireland0.57%
- 1.13%
ALAI Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 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.
| Period | ALAI |
|---|---|
| Year to date | +30.8% |
| 1 month | +5.9% |
| 3 months | +2.4% |
| 1 year | +26.9% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | ALAI |
|---|---|---|
| 2026 YTD | +30.8% | |
| 2025 | +39.8% | |
| 2024 | +31.5% |
ALAI in the news
ETF.net Research hasn’t filed on ALAI yet — coverage lands here as it’s written.
ALAI Dividends
- 1.15%
- $0.54
- $0.54 per share
- Irregular
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Dec 18, 2025 | Dec 31, 2025 | $0.54 |
| Dec 18, 2024 | Dec 31, 2024 | $0.17 |
ALAI Risk
- 25.9%
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.
- 1.43
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.
- −29.4%
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.
- 1.93
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
ALAI Cost
- The middle half of Artificial Intelligence funds
- Median 0.65%
7 of the 30 Artificial Intelligence funds charge less.