Alger AI Enablers & Adopters C (AAICX)
| Fund Assets | 20.00M |
| Expense Ratio | 1.66% |
| Min. Investment | $500,000 |
| Turnover | 173.58% |
| Dividend (ttm) | 1.09 |
| Dividend Yield | 6.80% |
| Dividend Growth | n/a |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 17, 2025 |
| Previous Close | 16.03 |
| YTD Return | -5.32% |
| 1-Year Return | 19.87% |
| 5-Year Return | n/a |
| 52-Week Low | 9.49 |
| 52-Week High | 18.07 |
| Beta (5Y) | n/a |
| Holdings | 64 |
| Inception Date | n/a |
About AAICX
The Alger AI Enablers & Adopters Fund Class C is an actively managed mutual fund that targets long-term capital appreciation by investing primarily in companies at the forefront of artificial intelligence innovation. The fund seeks to capture growth opportunities by allocating at least 80% of its net assets to equity securities of businesses that are either enabling or adopting AI technologies within their operations. Its portfolio emphasizes large-cap growth equities, with significant exposure to leading technology companies such as NVIDIA, Amazon, Microsoft, and Meta Platforms, while also integrating consumer cyclical, industrial, and communication services sectors to diversify its holdings. This fund stands out for its focus on both the creators of AI infrastructure and the early adopters harnessing AI for business advantage, reflecting the expanding influence of artificial intelligence across industries. With a concentrated approach—over 65% of assets typically held in its top ten positions—the fund is designed for investors seeking direct participation in the evolving AI ecosystem. Its high turnover ratio and higher-than-average expense reflect an actively managed strategy, aiming to capitalize on rapid technological advancements and market shifts related to AI.
Performance
AAICX had a total return of 19.87% in the past year, including dividends. Since the fund's inception, the average annual return has been 39.57%.
Top 10 Holdings
58.43% of assets| Name | Symbol | Weight |
|---|---|---|
| NVIDIA Corporation | NVDA | 13.24% |
| Microsoft Corporation | MSFT | 9.91% |
| Amazon.com, Inc. | AMZN | 5.62% |
| Meta Platforms, Inc. | META | 5.53% |
| Taiwan Semiconductor Manufacturing Company Limited | TSM | 4.91% |
| Alphabet Inc. | GOOG | 4.08% |
| Apple Inc. | AAPL | 3.95% |
| Nebius Group N.V. | NBIS | 3.89% |
| Broadcom Inc. | AVGO | 3.72% |
| Tesla, Inc. | TSLA | 3.58% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 17, 2025 | $1.0896 | Dec 17, 2025 |
| Dec 12, 2024 | $0.2892 | Dec 12, 2024 |