ATFV vs LRGC

ATFVCAlger 35 ETF

LRGCAAB US Large Cap Strategic Equities ETF

In short

ATFV Alger's best-ideas book: roughly 35 high-conviction growth names, and one of the few ETFs that keeps its holdings confidential, pricing off a verified value published every second instead. The 35 is a memorial to colleagues lost on 9/11.

LRGC AB's stock pickers in an ETF wrapper: roughly 70 large-cap US names picked with fundamental research plus quant screens, measured against the S&P 500. Active conviction, priced under the typical active peer.

Stated mandate

ATFV The fund seeks long-term capital appreciation through an actively managed portfolio of approximately 35 stocks selected as the manager’s best ideas in highly disrupted market segments.

LRGC The Fund seeks long-term growth of capital. It is actively managed and normally invests at least 80% of net assets in equities of large-capitalization U.S. companies.

Why people hold it

• ATFV Real conviction, not closet indexing. About 40 holdings of any market cap, chosen as the firm's best ideas in the most disrupted segments of the market, with a documented tilt toward technology.alger.comsec.gov
• 0.56% net of a waiver through December 31, 2027 (0.77% gross), which lands near the category median. Modest pricing for a concentrated, non-transparent active mandate, and the fund has grown into the multi-billion-dollar tier.
• The confidential-account structure lets the manager build and exit positions without the market reading over its shoulder. SEC staff note most active ETFs disclose holdings daily; this one does not.sec.govsec.gov 2
• The 35-stock count is deliberate: Alger named the fund for the 35 colleagues the firm lost in the September 11 attacks.alger.com

• LRGC Roughly 70 holdings against a 500-stock yardstick, with quality and value screens doing the filtering. Each name actually carries weight.
• 0.39% a year sits below the median fee in its active large-cap group, so the manager isn't digging out of a deep cost hole.
• One of the stronger implementations among the actively managed US large-cap funds we track, with a plain mandate: at least 80% of net assets in large-cap US equities.
• Launched in 2023 on one of AB's core US equity strategies, with Jane Street signed on as lead market maker from day one.prnewswire.com

Worth knowing

• ATFV No daily holdings list. You trade against a per-second indicative value, and Alger's own disclosure warns shares may carry wider bid/ask spreads than fully transparent ETFs, especially in volatile markets.alger.comsec.gov
• Non-diversified by design, so one position can move results far more than in a broad index fund, and the technology focus concentrates the ride further.sec.govsec.gov 2
• That 0.56% rate leans on a waiver through December 31, 2027; gross is 0.77%. Top-scoring peers such as JUSA and FELG charge 0.18%, so you are paying up for the stock picking.

• LRGC At 0.39%, it costs more than cheaper enhanced-index rivals in the same group, such as JUSA at 0.12% and GUSE at 0.30%.
• Outcomes ride on the team's judgment, not an index rulebook, and about 70 positions concentrate those calls.
• It trades lightly next to the big index names, so spreads can run wider, especially in fast markets.

Full ATFV profile⁠

Full LRGC profile⁠