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Launched

Alger AI Enablers & Adopters ETF

ALAINYSE ArcaB

$46.42−0.06 (−0.13%)

At close: Oct 13, 2026, 4:00 PM

B59/ 100

Rank 8 of 30 in Artificial Intelligence

B59/100Rank 8 of 30inArtificial Intelligence
Intraday session: down, 76 prints from 46.48 to 46.42. Range 45.69 to 46.42. Use the arrow keys to read each point.45.8046.0046.2010 AM12 PM2 PM4 PM
Expense ratio
0.58%
Fund size
$1.4B
1Y total return
+28.3%
Yield · Last 12 months
1.16%
Holdings
75
Avg volume · 30D
0.1M sh
NAV per share
$46.39
52W range
low $30.84high $48.36
Launched

The ETF.net ALAI Grade

Based on 5 of 6 pillars

B

Score 59 out of 100

Category
Artificial Intelligence⁠
Rank
8 of 30
Six-pillar profile for ALAI. Scores out of 100: Cost 72, Risk 61, Mission not scored, Tradability 43, Holdings 39, Durability 64. Strongest: Cost (72). Weakest: Holdings (39). Based on 5 of 6 pillars.

Score 59 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.
    A72 out of 100
    Rank 8 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.
    B61 out of 100
    Rank 9 of 27

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C43 out of 100
    Rank 21 of 30

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D39 out of 100
    Rank 21 of 27

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B64 out of 100
    Rank 11 of 30

Our read on ALAI

ETF.net Research

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.

Stated mandate

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

Why people hold it

  1. 01Two 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.
  2. 02Charges 0.55% a year, below the median for AI thematic funds. That is a thin fee for a focused, hands-on theme.
  3. 03Rates in the upper tier of a crowded AI field of more than two dozen competing funds.

Worth knowing

  1. 01Cheaper shelf-mates work the same theme: XAIX at 0.35%, QTUM at 0.40%, WTAI at 0.45%.
  2. 02Launched in 2024, so the record covers one stretch of market weather, not a full cycle.
  3. 03Payouts arrive once or twice a year at most. The stated aim is long-term growth in capital, not income.

ALAI Holdings

As of Oct 13, 2026
Asset class
Stocks
Holdings
75
Top-10 weight
56%
Largest holding
NVDA12.9%

Sectors

  • Technology64.5%
  • Communication10.5%
  • Consumer Discretionary9.5%
  • Industrials6.4%
  • Financials3.3%
  • Utilities3.1%
  • Health Care1.5%
  • Energy0.6%
  • Materials0.5%

Geography

  • United States84.78%
  • Taiwan6.09%
  • Netherlands5.12%
  • Singapore0.90%
  • Ireland0.74%
  • Canada0.63%
  • Uruguay0.50%
  • Australia0.38%
  • Other countries (3)0.85%
The fund’s holdings, weight-ordered — page 1 of 5.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001NVDANVIDIA Corp USD 0.00112.92%892,022$202M847
002MSFTMicrosoft Com USD0.000006259.01%259,995$141M815
003TSMTaiwan Semiconductor M Twd 10.0 Adr5.67%199,308$89M277
004METAMeta Platforms Inc USD 0.0000065.31%111,574$83M704
005AMZNAmazon Com Inc USD 0.014.81%289,761$75M736
006GOOGAlphabet Inc Class C4.80%214,681$75M478
007NBISNebius Group N.v.3.91%290,887$61M186
008AVGOBroadcom Inc Npv3.87%170,433$60M754
009STXSeagate Technology Hold USD 0.000013.08%63,913$48M431
010MUMicron Technology Inc USD 0.12.34%36,943$37M679
011SPCXSpace Expl Technologies C USD 0.0012.08%198,925$33M287
012AMDAdvanced Micro Devices Inc USD 0.012.06%54,226$32M635
013TLNTalen Energy Corp New USD 0.0012.03%83,647$32M160
014LITELumentum Hldgs Inc USD 0.0012.01%31,551$31M403
015SNOWSnowflake Inc USD 1.01.99%86,177$31M335

Showing 1–15 of 75 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$12,832
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. ALAI $12,832. SPY $12,044. Use the arrow keys to read each point.$8,386$10,999$13,612Oct 2025Apr 2026Oct 2026

Oct 10, 2025 – Oct 12, 2026

Returns run to the Oct 12, 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+28.7%
1 month+2.9%
3 months+2.4%
1 year+28.3%
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper year—

As of the close, 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+28.7%
2025+39.8%
2024+31.5%

History from Apr 5, 2024

ALAI in the news

Filtered to ALAI · Artificial Intelligence

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 Oct 12, 2026.
1.16%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

ALAI Risk

How much the fund’s monthly returns vary, scaled to a year.
25.5%
Annualised · 29 months to Sep 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.
1.46
vs 3-month T-bills · 29 months to Sep 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%
30 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.

ALAI Cost

Expense ratio0.58%
  • The middle half of Artificial Intelligence funds
  • Median 0.65%

7 of the 30 Artificial Intelligence funds charge less.

ALAI costs $58.00 a year on $10,000. The median Artificial Intelligence fund costs $65.00.

Other funds in Artificial Intelligence

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