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Launched · SEC filings

Alger Mid Cap 40 ETF

FRTYNYSE ArcaAlgerD

$21.33−0.53 (−2.41%)

As of Nov 2, 2026, 3:56 PM ET

D37/ 100

Rank 72 of 90 in US Active Growth

D37/100Rank 72 of 90inUS Active Growth
Intraday session: down, 78 prints from 21.85 to 21.33. Range 21.25 to 21.77. Use the arrow keys to read each point.21.4021.5021.6021.7010 AM12 PM2 PM4 PM
Expense ratio
0.60%*
Fund size
$140M
1Y total return
−4.3%
Yield · Last 12 months
0.19%
Holdings
42
Avg volume · 30D
22K sh
52W range
low $18.46high $24.82
Launched
Filings
SEC EDGAR

*After a fee waiver that ends Dec 31, 2027. Without it: 0.77%.

The ETF.net FRTY Grade

Based on 5 of 6 pillars

D

Score 37 out of 100

Category
US Active Growth⁠
Rank
72 of 90
Six-pillar profile for FRTY. Scores out of 100: Cost 34, Risk 21, Mission not scored, Tradability 36, Holdings 66, Durability 61. Strongest: Holdings (66). Weakest: Risk (21). Based on 5 of 6 pillars.

Score 37 of 100 falls in the D 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.
    D34 out of 100
    Rank 59 of 90

  • 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.
    F21 out of 100
    Rank 81 of 85

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D36 out of 100
    Rank 68 of 90

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B66 out of 100
    Rank 32 of 90

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B61 out of 100
    Rank 37 of 90

Our read on FRTY

ETF.net Research

In short

DAlger's stock-picking house style in ETF form: roughly 40 mid-cap growth names, chosen for what the manager calls Positive Dynamic Change. In a peer group stacked with cheap large-cap index-huggers, it's the concentrated mid-cap outlier.

Stated mandate

The fund seeks long-term capital appreciation by investing in a focused portfolio of mid-cap companies selected through fundamental research for promising growth potential. Its manager emphasizes companies experiencing Positive Dynamic Change.

Why people hold it

  • About 40 holdings, so every pick carries real weight. This is a conviction portfolio, not a closet index fund shadowing a benchmark.
  • Mid-cap growth is the actual mandate, which separates it from a peer group led by large-cap enhanced-index products like JUSA and FELG.
  • Stocks are picked by fundamental research under Alger's Positive Dynamic Change framework, aimed at US mid caps the team sees as hitting a growth inflection.
  • Launched in 2021, it puts a long-running active growth process into a daily-traded ETF wrapper instead of a mutual fund share class.

Worth knowing

  • The 0.60% expense ratio sits above the 0.54% typical for its cohort, and far above index-tracking rivals such as JUSA at 0.12%.
  • It trades thinly. Spreads can widen and fills get lumpy, so execution matters more here than in a heavily traded fund.
  • Concentration cuts both ways: 40 mid-cap growth names can swing harder than a broad index. Distributions are infrequent, so income isn't the point.

FRTY Performance

Launched Feb 26, 2021

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.
FRTY$9,569
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. FRTY $9,569. SPY $11,199. Use the arrow keys to read each point.$8,000$9,000$10,000$11,000Oct 2025May 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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 FRTY. Periods over one year show the average yearly return.
PeriodFRTY
Year to date+3.8%
1 month−7.8%
3 months−1.6%
1 year−4.3%
3 yearsper year+23.8%
5 yearsper year−1.0%
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 FRTY
YearReturn barFRTY
2026 YTD+3.8%
2025+12.8%
2024+38.9%

FRTY in the news

FRTY 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 30, 2026.
0.19%Last 12 months
Payout per share
$0.04Last 12 months
Last payment
$0.04 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2021–2026

One bar per payment. 3 payments from 2021 to 2026 YTD. Dec 16, 2021 $1.07; Dec 18, 2024 $0.02; Dec 18, 2025 $0.04. Use the arrow keys to read each point.202120222023202420252026YTD
Ex-datePay dateAmount per share
Dec 18, 2025Dec 31, 2025$0.04
Dec 18, 2024Dec 31, 2024$0.02
Dec 16, 2021Dec 31, 2021$1.07

$10,000 in FRTY 5 years ago paid $450 in dividends.

FRTY Risk

Risk pillarF21 out of 100Rank 81 of 85 in US Active Growth
How much the fund’s monthly returns vary, scaled to a year.
23.6%
Annualised · 36 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.
0.84
vs 3-month T-bills · 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.
−53.1%
Trough Oct 2022
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.
1.41
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.

FRTY Cost

Compare FRTY and FELG

Overpaying vs FELG, tied cheapest in US Active Growth

$8,068

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

  • FRTY 0.60%

    $11,817

  • FELG 0.18% Tied cheapest

    $3,749

$10,000
30 years

Cost over time

  • FRTY 0.60%
  • FELG 0.18%
  • 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$12.5K051015202530FRTY $11,817FELG $3,749

Year by year

YearFRTYFELGOverpaying
10$1,076$328$748
20$4,116$1,281$2,835
30$11,817$3,749$8,068
How the 0.60% is worked out

Full fee 0.77%− waiver 0.17%= you pay 0.60%

The waiver ends Dec 31, 2027. After that the fee is 0.77% unless Alger renews it. Source: prospectus, Apr 2026.

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