Alger Mid Cap 40 ETF
$22.84−0.15 (−0.67%)
- 0.60%
- $152M
- +3.3%
- 0.18%
- 0M sh
- $23.05
- low $18.46high $24.82
The ETF.net FRTY Grade
D
Score 35 out of 100
- 72 of 90
Score 35 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.D38 out of 100Rank 55 of 90Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.F8 out of 100Rank 81 of 82Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D31 out of 100Rank 75 of 90Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B67 out of 100Rank 29 of 89Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B58 out of 100Rank 42 of 90
Our read on FRTY
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.
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 Holdings
- Stocks
- 41
- 44%
- Dreyfus Trsy Oblig Cash Mgmt Class Ins
Sectors
- Health Care36.8%
- Technology28.8%
- Industrials18.3%
- Communication8.6%
- Financials2.6%
- Consumer Discretionary2.0%
- Real Estate1.8%
- Materials1.0%
Geography
- United States92.94%
- Netherlands4.02%
- Israel2.17%
- France0.86%
FRTY Performance
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$10,325
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.
| Period | FRTY |
|---|---|
| Year to date | +9.2% |
| 1 month | +3.4% |
| 3 months | −1.8% |
| 1 year | +3.3% |
| 3 years | +23.9% |
| 5 years | +1.3% |
| 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 | FRTY |
|---|---|---|
| 2026 YTD | +9.2% | |
| 2025 | +12.8% | |
| 2024 | +38.9% | |
| 2023 | +16.8% | |
| 2022 | −42.2% | |
| 2021 | +2.2% |
FRTY in the news
FRTY Dividends
- 0.18%
- $0.04
- $0.04 per share
- Annual
Distribution history
FRTY Risk
- 23.2%
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.
- 0.89
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.
- −53.1%
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.
- 1.41
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FRTY Cost
0.60%
FRTY0.60%
- The middle half of US Active Growth funds
- Median 0.56%
54 of the 90 US Active Growth funds charge less.
Other funds in US Active Growth
- DHYPGolden Eagle Dynamic Hypergrowth ETFExpense ratio 0.85%1 year return +18.5%
- DSEMGSuncoast Select Growth ETFExpense ratio 0.60%1 year return +8.3%
- DIWFGNYLI Winslow Focused Large Cap Growth ETFExpense ratio 0.75%1 year return +7.2%
- DPCLGPolen Focus Growth ETFExpense ratio 0.69%1 year return −5.5%
- DARWGArcher Growth ETFExpense ratio 0.85%1 year return —