ALAI vs. FRTY ETF Comparison
Comparison of Alger AI Enablers & Adopters ETF (ALAI) to Alger Mid Cap 40 ETF (FRTY)
ALAI
Alger AI Enablers & Adopters ETF
ALAI Description
ALAI focuses on equity securities of firms benefiting from artificial intelligence (AI), targeting both AI Enablersthose developing components for and investing in AI infrastructureand AI Adoptersthose integrating AI to enhance their operations. The fund manager employs fundamental research to select securities, considering factors like revenue, resources devoted to AI, and market share estimates. This process assesses a firms involvement with AI and its potential impact on stock performance in the next one to three years. Additionally, ALAI actively seeks companies experiencing Positive Dynamic Change, or those demonstrating high unit volume growth or significant lifecycle shifts. Investments span all market capitalizations, with at least 25% in AI-related industries like technology, retail, and media. The fund may also include foreign securities and hold cash or equivalents during market volatility or when awaiting investment opportunities. ALAI aims to identify firms at the forefront of AI adoption, striving for sustainable long-term growth.
Grade (RS Rating)
Last Trade
$26.10
Average Daily Volume
10,268
41
FRTY
Alger Mid Cap 40 ETF
FRTY Description
The investment seeks long-term capital appreciation. Under normal circumstances, the fund invests at least 80% of its net assets in equity securities of mid-cap companies. Equity securities include common or preferred stocks that are listed on U.S. exchanges. It may invest a significant portion of its assets in the securities of companies conducting business in the information technology and healthcare sectors. The fund is non-diversified.Grade (RS Rating)
Last Trade
$19.93
Average Daily Volume
45,697
37
Performance
| Period | ALAI | FRTY |
|---|---|---|
| 30 Days | 9.25% | 13.54% |
| 60 Days | 13.38% | 16.12% |
| 90 Days | 18.43% | 22.09% |
| 12 Months | 57.71% |
ALAI Overweight 34 Positions Relative to FRTY
| Symbol | Grade | Weight | |
|---|---|---|---|
| MSFT | F | 11.86% | |
| AAPL | C | 11.09% | |
| NVDA | C | 10.98% | |
| AMZN | C | 8.81% | |
| META | D | 6.72% | |
| AVGO | D | 4.14% | |
| SPGI | C | 2.88% | |
| TSM | B | 2.57% | |
| GOOG | C | 2.33% | |
| MELI | D | 1.45% | |
| UNH | C | 1.42% | |
| ISRG | A | 1.4% | |
| EQIX | A | 1.34% | |
| NFLX | A | 1.34% | |
| ADBE | C | 1.2% | |
| NRG | B | 1.02% | |
| AMD | F | 1.01% | |
| ASML | F | 0.81% | |
| SE | B | 0.8% | |
| PINS | D | 0.79% | |
| NOW | A | 0.68% | |
| TSLA | B | 0.63% | |
| DELL | C | 0.58% | |
| CDNS | B | 0.56% | |
| MRVL | B | 0.48% | |
| UBER | D | 0.47% | |
| DLR | B | 0.45% | |
| TTD | B | 0.43% | |
| WMT | A | 0.31% | |
| PWR | A | 0.28% | |
| NEE | D | 0.27% | |
| SHOP | B | 0.24% | |
| JPM | A | 0.22% | |
| HUBS | A | 0.2% |
ALAI Underweight 30 Positions Relative to FRTY
| Symbol | Grade | Weight | |
|---|---|---|---|
| HEI | B | -4.77% | |
| VLTO | D | -3.65% | |
| RGEN | D | -3.03% | |
| FICO | B | -2.66% | |
| MANH | D | -2.61% | |
| TDG | D | -2.59% | |
| SHAK | C | -2.57% | |
| MPWR | F | -2.48% | |
| FANG | D | -2.43% | |
| FIX | A | -2.22% | |
| RBLX | C | -2.17% | |
| GTES | A | -2.07% | |
| NCNO | B | -2.03% | |
| PLTR | B | -2.0% | |
| ARES | A | -1.97% | |
| BURL | A | -1.97% | |
| ILMN | D | -1.91% | |
| DDOG | A | -1.82% | |
| SRPT | D | -1.81% | |
| GWRE | A | -1.75% | |
| ONON | A | -1.57% | |
| MSCI | C | -1.56% | |
| S | B | -1.39% | |
| PIPR | B | -1.37% | |
| ZS | C | -1.31% | |
| FIVE | F | -1.22% | |
| PCVX | D | -1.08% | |
| OWL | A | -0.95% | |
| AZEK | A | -0.86% | |
| COIN | C | -0.76% |
ALAI: Top Represented Industries & Keywords
FRTY: Top Represented Industries & Keywords
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