About AAIZX
The Alger AI Enablers & Adopters Fund Class Z is a mutual fund that seeks long-term capital appreciation by investing primarily in equity securities of companies involved in the development, adoption, or utilization of artificial intelligence technologies. The fund strategically targets two main categories: AI Enablers, which are companies that build core infrastructure—such as hardware, software, and services—required for AI implementation, and AI Adopters, which are businesses integrating AI to enhance their products, services, or operational efficiencies. This approach enables the portfolio to capture growth across industries most impacted by AI advancements, including technology, industrials, communication services, and consumer sectors. Managed with a growth-oriented investment style, the fund emphasizes firms with promising growth trajectories where AI is anticipated to drive substantial value over the next few years. As a non-diversified fund, it maintains concentrated positions, often allocating a high percentage of assets to its top holdings. The fund’s expense ratio is competitively low, and it does not routinely distribute dividends, aligning its structure with its growth focus and institutional investor base.
Fund Family Alger
Category Technology
Stock Exchange NASDAQ
Ticker Symbol AAIZX
Share Class Class Z
AAIZX had a total return of 38.76% in the past year, including dividends. Since the fund's
inception, the average annual return has been 42.59%.
