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Launched · SEC filings

Alger Russell Innovation ETF

INVNNYSE ArcaAlgerB

$26.97+0.23 (+0.88%)

As of Nov 2, 2026, 3:59 PM ET

B58/ 100

Rank 10 of 30 in Disruptive Innovation

B58/100Rank 10 of 30inDisruptive Innovation
Intraday session: up, 78 prints from 26.74 to 26.97. Range 26.84 to 27.22. Use the arrow keys to read each point.26.8026.9027.1027.2010 AM12 PM2 PM4 PM
Expense ratio
0.55%*
Fund size
$11M
1Y total return
+26.4%
Yield · Last 12 months
No data
Holdings
52
Avg volume · 30D
4.11K sh
52W range
low $17.75high $27.77
Launched
Filings
SEC EDGAR

*After a fee waiver that ends Dec 31, 2027. Without it: 1.34%.

The ETF.net INVN Grade

B

Score 58 out of 100

Category
Disruptive Innovation⁠
Rank
10 of 30
Six-pillar profile for INVN. Scores out of 100: Cost 69, Risk 72, Mission 12, Tradability 18, Holdings 76, Durability 37. Strongest: Holdings (76). Weakest: Mission (12). Leans toward Holdings and Risk.

Score 58 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.
    B69 out of 100
    Rank 10 of 30

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    F12 out of 100
    Rank 10 of 10

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    A72 out of 100
    Rank 6 of 30

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    F18 out of 100
    Rank 29 of 30

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A76 out of 100
    Rank 7 of 30

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    D37 out of 100
    Rank 22 of 30

Our read on INVN

ETF.net Research

In short

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.

Stated mandate

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

Holdings pillarA76 out of 100Rank 7 of 30 in Disruptive Innovation
Asset class
Stocks
Holdings
52
Top-10 weight
23%
Largest holding
DOCU2.5%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 4.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1DOCUDocusign Inc USD 0.00012.55%3,330$274K234
2EXELExelixis Inc USD 0.0012.40%3,720$258K251
3GDDYGodaddy Inc USD 0.0012.33%2,137$251K276
4BIIBBiogen Inc2.31%978$248K332
5RNGRingcentral Inc USD 0.00012.27%3,000$244K166
6TRMBTrimble Inc2.23%3,684$239K221
7CARTMaplebear Inc USD 0.00012.22%4,225$239K221
8REGNRegeneron Pharmaceuticals USD 0.0012.21%256$238K422
9GTLBGitlab Inc USD 0.0000032.21%4,390$237K121
10ETSYEtsy Inc USD 0.0012.21%2,664$237K177
11ESTCElastic NV Eur 0.012.20%2,430$236K146
12CCCSCcc Intelligent Solution USD 0.00012.16%30,322$232K21
13PFEPfizer Inc USD 0.052.13%7,504$229K385
14DBXDropbox Inc USD 0.000012.13%6,311$229K172
15RBLXRoblox Corp USD 0.00012.11%5,284$227K175

Showing 1–15 of 52 holdings

INVN Performance

Launched Jan 6, 2025

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.
INVN$12,641
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. INVN $12,641. SPY $11,199. Use the arrow keys to read each point.$10,000$12,000Oct 2025Apr 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 INVN. Periods over one year show the average yearly return.
PeriodINVN
Year to date+23.7%
1 month+5.4%
3 months+12.4%
1 year+26.4%
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
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 INVN
YearReturn barINVN
2026 YTD+23.7%
2025−13.2%

Since listing, Jan 6, 2025

INVN in the news

INVN Dividends

Last payment
$0.06 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution data unavailable.

Distribution history

2025–2026

One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 18, 2025 $0.06. Use the arrow keys to read each point.20252026YTD
Ex-datePay dateAmount per share
Dec 18, 2025Dec 31, 2025$0.06

$10,000 in INVN 1 year ago paid $29.19 in dividends.

INVN Risk

Risk pillarA72 out of 100Rank 6 of 30 in Disruptive Innovation
How much the fund’s monthly returns vary, scaled to a year.
21.1%
Annualised · 21 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.
0.60
vs 3-month T-bills · 21 months 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.
−38.0%
21 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.
0.92
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.

INVN Cost

Compare INVN and KOMP

Overpaying vs KOMP, cheapest in Disruptive Innovation

$6,749

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

  • INVN 0.55%

    $10,904

  • KOMP 0.20% Cheapest

    $4,155

$10,000
30 years

Cost over time

  • INVN 0.55%
  • KOMP 0.20%
  • 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$12.5K051015202530INVN $10,904KOMP $4,155

Year by year

YearINVNKOMPOverpaying
10$988$365$623
20$3,790$1,421$2,369
30$10,904$4,155$6,749
How the 0.55% is worked out

Full fee 1.34%− waiver 0.79%= you pay 0.55%

The waiver ends Dec 31, 2027. After that the fee is 1.34% unless Alger renews it. Source: prospectus, Apr 2026.

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