Overview
Actively managed mid-cap growth ETF from Fred Alger Management. 40 high-conviction mid-cap companies with above-average earnings growth potential. Alger's proprietary growth research drives stock selection.
Top Holdings
| Ticker | Holding | Weight |
|---|---|---|
| AXON | Axon Enterprise | 4.8% |
| MEDP | Medpace Holdings | 4.4% |
| CYBR | CyberArk Software | 4.2% |
| DUOL | Duolingo Inc. | 3.8% |
| CELH | Celsius Holdings | 3.6% |
| GLBE | Global-E Online | 3.4% |
| PCVX | Vaxcyte Inc. | 3.2% |
| DDOG | Datadog Inc. | 3.2% |
| SAIA | Saia Inc. | 3.0% |
| FTI | TechnipFMC | 2.8% |
Fund Details
Investment Thesis
ALGE applies Fred Alger Management's 60+ year growth investing heritage to a concentrated 40-stock mid-cap portfolio. Alger's research process seeks companies with dynamic change catalysts — businesses undergoing positive transformation through new products, regulatory changes, or market share shifts. Mid-cap companies represent the sweet spot of growth potential: large enough to have proven business models and access to capital, yet small enough that the market has not fully priced in their long-term growth trajectories. The 40-stock concentration reflects Alger's highest-conviction ideas.
Who It's For
Investors seeking active mid-cap growth exposure with a concentrated high-conviction portfolio managed by a firm with a long track record in growth investing. ALGE suits those who believe active stock selection can add value in the mid-cap growth space where analyst coverage is thinner and mispricing opportunities more abundant than in large-cap markets. The 0.60% expense ratio reflects active management costs that must be weighed against the potential for alpha generation.
10-Year History
| Year | Close | % Chg |
|---|---|---|
| 2016 | -- | -- |
| 2017 | -- | -- |
| 2018 | -- | -- |
| 2019 | -- | -- |
| 2020 | -- | -- |
| 2021 | $24.82 | -- |
| 2022 | $18.42 | -25.8% |
| 2023 | $22.42 | +21.7% |
| 2024 | $24.42 | +8.9% |
| 2025 | $28.86 | +18.2% |
| Year | Yield |
|---|---|
| 2016 | -- |
| 2017 | -- |
| 2018 | -- |
| 2019 | -- |
| 2020 | -- |
| 2021 | 0.42% |
| 2022 | 0.48% |
| 2023 | 0.42% |
| 2024 | 0.38% |
| 2025 | 0.42% |
| Year | AUM | % Chg |
|---|---|---|
| 2016 | -- | -- |
| 2017 | -- | -- |
| 2018 | -- | -- |
| 2019 | -- | -- |
| 2020 | -- | -- |
| 2021 | $0.1B | -- |
| 2022 | $0.1B | 0.0% |
| 2023 | $0.1B | 0.0% |
| 2024 | $0.2B | +100.0% |
| 2025 | $0.18B | -10.0% |
Historical figures are ETFHub estimates modelled from asset-class return patterns and may differ from official fund records. Data as of August 2026.
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