Alger AI Enablers & Adopters I (AIFIX)
| Fund Assets | 20.00M |
| Expense Ratio | 0.91% |
| Min. Investment | $500,000 |
| Turnover | 173.58% |
| Dividend (ttm) | 1.09 |
| Dividend Yield | 6.71% |
| Dividend Growth | n/a |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 17, 2025 |
| Previous Close | 16.25 |
| YTD Return | -5.25% |
| 1-Year Return | 20.58% |
| 5-Year Return | n/a |
| 52-Week Low | 9.57 |
| 52-Week High | 18.28 |
| Beta (5Y) | n/a |
| Holdings | 64 |
| Inception Date | n/a |
About AIFIX
The Alger AI Enablers & Adopters Fund Institutional Shares is a mutual fund focused on companies at the forefront of artificial intelligence (AI) innovation and adoption. Its primary objective is to achieve long-term capital appreciation by investing predominantly in equity securities of firms that are either developing, enabling, or integrating AI technologies into their operations. The fund’s portfolio is heavily weighted towards large-cap growth companies, with significant exposure to the technology sector and leading positions in industry giants such as Microsoft, NVIDIA, Amazon.com, Meta Platforms, and Apple. These holdings reflect the fund’s emphasis on influential players advancing AI-driven solutions across various industries, including technology, consumer cyclical, and communication services. The fund employs a concentrated strategy, as evidenced by a high percentage of assets allocated to its top holdings. Designed for institutional investors, it offers exposure to both innovators creating AI infrastructure and companies harnessing AI to drive efficiency and future growth, making it a significant participant in the evolving landscape of AI-related investments.
Performance
AIFIX had a total return of 20.58% in the past year, including dividends. Since the fund's inception, the average annual return has been 40.46%.
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 |