(ALAI) The Alger Trust - NYSE ARCA

The Alger AI Enabler & Adopter ETF (ALAI) is a non-diversified, actively managed fund that launched in April 2024. It mandates that at least 80% of its net assets be invested in equity securities across all market capitalizations, specifically targeting firms positioned to benefit from artificial intelligence integration. The strategy focuses on a medium-term horizon of 12 to 36 months, identifying companies where AI is expected to be a primary driver of stock price appreciation.

The funds investment universe includes both enablers that provide the necessary hardware and infrastructure for machine learning and adopters that utilize AI to optimize operational efficiency or product offerings. The technology sector currently accounts for a significant portion of global research and development spending as enterprises transition from experimental generative AI pilots to full-scale production environments. Because the fund is non-diversified, it may hold larger positions in a smaller number of issuers, increasing potential sensitivity to individual stock volatility.

For more detailed metrics on these holdings, you can explore the data available on ValueRay. Investors should note that while the fund spans various market caps, its current $397M valuation places it within the small-cap category, reflecting its early-stage growth profile.