Alger Russell Innovation ETF
$25.91−0.15 (−0.57%)
- Expense ratio
- 0.55%
- Fund size
- $10M
- 1Y return
- +21.8%
- Yield · Last 12 months
- Data unavailable
- Holdings
- 50
- Volume · 30D
- 0M sh
- NAV per share
- $26.23
- 52W range
The ETF.net INVN Grade
Score 54 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.BScore 67Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.FScore 18Category rankRisk
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.FScore 20Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 77Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.DScore 36Category rank
Our read on INVN
BMost innovation funds buy the story. INVN buys the R&D line: it ranks Russell 1000 companies by research spending against enterprise value, screens for profitability first, then equal-weights the top 50 and re-sorts every quarter.
The fund seeks to track, before fees and expenses, the performance of the Alger Russell Innovation Index.
Why people hold it
- Innovation defined by an accounting line rather than a narrative: the index picks the 50 Russell 1000 names with the highest research spending relative to enterprise value, plus other factors.prnewswire.com
- A profitability screen runs before the innovation ranking, so the basket leans toward companies funding their R&D out of a real business.
- Equal weighting at each quarterly review gives the 50th name roughly the same say as the first, so no mega-cap sits on the portfolio.prnewswire.com
- At 0.55%, the fee sits below the typical fund in its disruptive-innovation peer group.
Worth knowing
- That 0.55% is a capped rate. Gross fund expenses run higher and the waiver is contractual with an end date, so the current prospectus is the place to check it.sec.gov
- Cheaper ways to own the theme exist: KOMP charges 0.20% and XT 0.46%.
- It launched in January 2025, so the track record is short, and a 50-stock book rebuilt every quarter concentrates risk and shuffles holdings more than a broad index fund.prnewswire.com
INVN Holdings
- Stocks
- 50
- 22%
- RBLX
Geography
- United States91.71%
- Australia2.16%
- Ireland2.06%
- Netherlands2.04%
- Switzerland2.03%
INVN 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 | INVN |
|---|---|
| Year to date | +20.4% |
| 1 month | −2.4% |
| 3 months | +26.6% |
| 1 year | +21.8% |
| 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 | INVN |
|---|---|---|
| 2026 YTD | +20.4% | |
| 2025 | −13.2% |
INVN in the news
ETF.net Research hasn’t filed on INVN yet — coverage lands here as it’s written.
INVN Dividends
- $0.06 per share
- Irregular
Distribution data unavailable.
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Dec 18, 2025 | Dec 31, 2025 | $0.06 |
INVN Risk
- 21.1%
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.
- 0.72
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.
- −38.0%
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.
- 0.88
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
INVN Cost
- The middle half of Disruptive Innovation funds
- Median 0.65%
10 of the 31 Disruptive Innovation funds charge less.