Key stats
About The Alger ETF Trust Alger Russell Innovation ETF
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Inception date
Jan 7, 2025
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Fred Alger Management LLC
INVN is passively managed and invests in a narrow portfolio of 50 US companies deemed the most innovative within the Russell 1000 Index. This includes firms that may not yet be widely recognized but are developing or benefiting from new products, services, technologies, or advancements. The parent universe is broadly comprised of large- and mid-cap US companies, and the index does not impose limits on market capitalization, sector, or industry exposure. Initially, the index screens out the bottom one-third of stocks in the Russell 1000 based on free cash flow margin. To identify innovative firms, it ranks the remaining stocks by research and development spending relative to enterprise value. The top 50 stocks are selected and weighted equally. The index reconstitutes and rebalances the portfolio quarterly.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Technology Services
Health Technology
Electronic Technology
Stocks99.65%
Technology Services45.20%
Health Technology27.18%
Electronic Technology14.41%
Retail Trade4.50%
Transportation2.41%
Process Industries2.10%
Commercial Services2.06%
Consumer Services1.78%
Bonds, Cash & Other0.35%
Cash0.35%
Stock breakdown by region
North America96.50%
Middle East1.92%
Europe1.58%
Latin America0.00%
Asia0.00%
Africa0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
INVN invests in stocks. The fund's major sectors are Technology Services, with 45.20% stocks, and Health Technology, with 27.18% of the basket. The assets are mostly located in the North America region.
INVN top holdings are Informatica, Inc. Class A and Pegasystems Inc., occupying 2.57% and 2.52% of the portfolio correspondingly.
INVN assets under management is 13.25 M USD. It's risen 11.16% over the last month.
INVN fund flows account for 13.00 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
No, INVN doesn't pay dividends to its holders.
INVN shares are issued by Alger Associates, Inc. (United States) under the brand Alger. The ETF was launched on Jan 7, 2025, and its management style is Passive.
INVN expense ratio is 0.55% meaning you'd have to pay 0.55% of your investment to help manage the fund.
INVN follows the Alger Russell Innovation Index - Benchmark TR Gross. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
INVN invests in stocks.
INVN trades at a premium (0.02%) meaning the ETF is trading at a higher price than the calculated NAV.