(ALAI) The Alger Trust - NYSE
ETF Category: Technology | Exchange: NYSE (USA) | Market Cap: 432m USD | Total Return: 46.7% in 12m
Avg Turnover: 3.28M
Warnings
No concerns identified
Tailwinds
Shakeout
The Alger AI Enablers & Adopters ETF (ALAI) is an actively managed, non-diversified fund that allocates at least 80% of its assets to equity securities across all market capitalizations. The fund targets companies positioned to benefit from the integration or development of artificial intelligence, focusing on businesses where AI implementation is expected to influence stock performance over a one-to-three-year horizon.
The technology sector currently emphasizes the transition from infrastructure build-outs, such as semiconductor manufacturing, to software application and enterprise integration. This business model often relies on high research and development (R&D) expenditure to maintain competitive advantages in machine learning and data processing capabilities. For a deeper look into these metrics, you may find ValueRays analytical tools useful for your due diligence. As a non-diversified fund, ALAI may maintain more concentrated positions in fewer issuers compared to broader market indices.
- Concentration in high-growth AI infrastructure and semiconductor equity performance
- Enterprise adoption rates of generative AI software and services
- Federal Reserve interest rate policy impact on growth-oriented valuations
- Competitive performance versus passive technology and AI-focused benchmark indices
As of June 11, 2026, the stock is trading at USD 41.84 with a total of 204,251 shares traded.
Over the past week, the price has changed by -8.89%,
over one month by -1.81%,
over three months by +22.20% and
over the past year by +46.65%.
The Alger Trust has no consensus analysts rating.