Alger Mid Cap 40 ETF
$23.35−0.21 (−0.90%)
- Expense ratio
- 0.60%
- Fund size
- $152M
- 1Y return
- +4.6%
- Yield · Last 12 months
- 0.17%
- Holdings
- 40
- Volume · 30D
- 0M sh
- NAV per share
- $23.22
- 52W range
The ETF.net FRTY Grade
Score 39 of 100 sits in the D 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.DScore 38Category 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.FScore 9Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 48Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.BScore 64Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 58Category rank
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
- 40
- 48%
- DREYFUS TRSY OBLIG CASH MGMT CL INS
Sectors
- Health Care32.7%
- Technology30.3%
- Industrials18.9%
- Communication9.1%
- Financials2.6%
- Materials2.2%
- Real Estate2.1%
- Consumer Discr.2.1%
Geography
- United States92.76%
- Netherlands3.75%
- Israel2.38%
- France1.11%
FRTY 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 | FRTY |
|---|---|
| Year to date | +11.9% |
| 1 month | +0.8% |
| 3 months | −2.5% |
| 1 year | +4.6% |
| 3 years | +25.5% |
| 5 years | +0.8% |
| 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 | +11.9% | |
| 2025 | +12.8% | |
| 2024 | +38.9% | |
| 2023 | +16.8% | |
| 2022 | −42.2% | |
| 2021 | +2.2% |
FRTY in the news
ETF.net Research hasn’t filed on FRTY yet — coverage lands here as it’s written.
FRTY Dividends
- 0.17%
- $0.04
- $0.04 per share
- Annual
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Dec 18, 2025 | Dec 31, 2025 | $0.04 |
| Dec 18, 2024 | Dec 31, 2024 | $0.02 |
| Dec 16, 2021 | Dec 31, 2021 | $1.07 |
FRTY Risk
- 23.7%
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.
- 0.73
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
- The middle half of US Active Growth funds
- Median 0.56%
54 of the 89 US Active Growth funds charge less.