Alger dates to 1964 and is based in New York, New York. Its ETFs are series of Alger ETF Trust, and Fred Alger Management, LLC manages them. The direct parent of Fred Alger Management, LLC is Alger Group Holdings, LLC. Ownership is private, held through Alger Associates, Inc., whose stockholders include Nicole, Hilary and Alexandra Alger. As of September 17, 2026, Daniel C. Chung serves as Chairman, President and Chief Executive Officer of Fred Alger Management, LLC.alger.com sec.gov sec.gov 2

Alger entered US-listed ETFs in 2021 with the Alger Mid Cap 40 ETF, which has an inception date of February 26, 2021. The Alger 35 ETF followed on May 3, 2021.sec.gov

Alger ETFs are actively managed and do not seek to replicate an index. Instead, their portfolios are built by choosing individual growth stocks, so the funds do not follow an index from any index company.sec.gov

Every Alger ETF

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Every Alger ETF. Select a column heading to sort.
Grade
C	Concentrated EquityCNEQ · US Active GrowthCNEQ	US Active Growth	Cost 0.56%	$4.24B	1Y +5.7%	5Y No data	Yield 0.49%
B	AI Enablers & AdoptersALAI · Artificial IntelligenceALAI	Artificial Intelligence	Cost 0.58%	$1.58B	1Y +10.4%	5Y No data	Yield 1.34%
C	35ATFV · US Active GrowthATFV	US Active Growth	Cost 0.56%	$561M	1Y +0.4%	5Y +8.7%	Yield 0.20%
D	Mid Cap 40FRTY · US Active GrowthFRTY	US Active Growth	Cost 0.60%	$134M	1Y −2.1%	5Y −2.3%	Yield 0.19%
B	Russell InnovationINVN · Disruptive InnovationINVN	Disruptive Innovation	Cost 0.55%	$11M	1Y +29.5%	5Y No data	Yield No data

Alger ETFs by category

Equity

Launches

Alger launched no ETFs in the last 12 months.

Questions

How many ETFs does Alger run?: Alger runs 5 US-listed ETFs: 5 equity funds, across 3 categories.
What is the largest Alger ETF?: Alger Concentrated Equity ETF (CNEQ) is the largest, with $4.24B in assets. Alger AI Enablers & Adopters ETF (ALAI) is second.
What is the cheapest Alger ETF?: Alger Russell Innovation ETF (INVN) is the cheapest, at 0.55% a year. The median Alger ETF charges 0.56%.
What does the Grade on each fund mean?: Each A–F Grade compares a fund with the other funds in its own category, on cost, mission, risk, tradability, holdings and durability. It does not rate Alger, and Grades in different categories do not compare.
When did Alger launch its first ETF?: Alger Mid Cap 40 ETF (FRTY) launched on Feb 26, 2021. Alger has launched no ETFs so far in 2026.