Alger AI Enablers & Adopters ETF (ALAI)
| Assets | $285.70M |
| Expense Ratio | 0.55% |
| PE Ratio | 38.34 |
| Shares Out | 7.98M |
| Dividend (ttm) | $0.17 |
| Dividend Yield | 0.49% |
| Ex-Dividend Date | Dec 18, 2024 |
| Payout Frequency | n/a |
| Payout Ratio | 18.84% |
| Volume | 52,163 |
| Open | 35.33 |
| Previous Close | 35.24 |
| Day's Range | 35.27 - 35.90 |
| 52-Week Low | 20.03 |
| 52-Week High | 39.26 |
| Beta | n/a |
| Holdings | 57 |
| Inception Date | Apr 4, 2024 |
About ALAI
Fund Home PageThe Alger AI Enablers & Adopters ETF (ALAI) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is actively managed, investing in firms benefiting from developing, integrating or enabling artificial intelligence (AI) technology. The fund seeks long-term capital growth through fundamental research ALAI was launched on Apr 4, 2024 and is issued by Alger.
Top 10 Holdings
63.24% of assets| Name | Symbol | Weight |
|---|---|---|
| NVIDIA Corporation | NVDA | 12.69% |
| Microsoft Corporation | MSFT | 10.59% |
| Amazon.com, Inc. | AMZN | 7.81% |
| Meta Platforms, Inc. | META | 5.79% |
| Taiwan Semiconductor Manufacturing Company Limited | TSM | 5.02% |
| Broadcom Inc. | AVGO | 4.89% |
| Alphabet Inc. | GOOG | 4.87% |
| Apple Inc. | AAPL | 4.23% |
| AppLovin Corporation | APP | 3.87% |
| Tesla, Inc. | TSLA | 3.48% |
Performance
ALAI had a total return of 40.73% in the past year, including dividends. Since the fund's inception, the average annual return has been 43.44%.
News
From the AI Power Bill to Impact of Global Currency Shifts
Every month, TMX VettaFi publishes hundreds of articles across our ETF-focused websites. Reviewing the pieces that capture our readers' attention provides a clear picture of prevailing advisor and inv...
ALAI: Concentrated, High-Beta AI Strategy Staged For Growth
The Alger AI Enablers & Adopters ETF offers concentrated exposure to high-growth companies driving AI infrastructure and application adoption. ALAI's portfolio is heavily weighted toward large-cap lea...
Corporate AI Adoption Goes Beyond the Search Engine
Corporate adoption of artificial intelligence is extending far beyond merely employing AI as an augmented search engine. The Alger team recently broke down how different firms in the U.S. are using ar...
How ‘Sovereign AI' Can Boost AI CapEx Spending
Corporations aren't the only major source that can drive capital expenditures (CapEx) spending on artificial intelligence infrastructure. Recent insights from Alger highlighted how spending from forei...
Surging AI Momentum Showcases Investment Opportunities
Even as some of the largest tech companies have continued to pour hundreds of billions of dollars into scaling up their AI infrastructure, some investors may be skeptical about AI's practical utility ...
AI Marketing Value Highlights Rising Demand
The corporate enthusiasm driving AI adoption isn't solely due to the helpful nature of AI chat bots. It may come as a surprise to some, but one of the industries that has been affected most by artifi...
ALAI: High Reward So Far For Artificial Intelligence Exposure
ALAI offers concentrated, growth-focused AI exposure, ideal for investors seeking active management beyond core index ETFs. I rate ALAI a Buy for those comfortable with its short track record and the ...