Morningstar

Alger AI Enablers & Adopters A AIFAX

Morningstar Medalist Rating
Medalist Rating as of | See Alger Investment Hub
  • NAV / 1-Day Return 11.61  /  +0.26 %
  • Total Assets 4.3 Mil
  • Adj. Expense Ratio
    0.800%
  • Expense Ratio 0.800%
  • Distribution Fee Level Low
  • Share Class Type Front Load
  • Category Technology
  • Investment Style Large Growth
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield —
  • Turnover —

USD | NAV as of Oct 03, 2024 | 1-Day Return as of Oct 03, 2024, 1:20 AM GMT+0

Morningstar’s Analysis AIFAX

Will AIFAX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable AIFAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the AIFAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of AIFAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Alger AI Enablers& Adopters A earns a Morningstar Medalist Rating of Neutral with strength in areas such as People offset by weaker spots such as Process.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The strategy charges fees in line with its similarly distributed peers, priced within the middle quintile.

by Morningstar Manager Research
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Portfolio Holdings AIFAX

More AIFAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 66.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Microsoft Corp

12.16 463,532
Technology

Amazon.com Inc

11.12 423,884
Consumer Cyclical

NVIDIA Corp

10.78 411,091
Technology

Apple Inc

10.58 403,297
Technology

Meta Platforms Inc Class A

5.24 199,903
Communication Services

AppLovin Corp Ordinary Shares - Class A

4.18 159,520
Technology

Broadcom Inc

4.07 155,378
Technology

Cash

3.71 141,322
Cash and Equivalents

Alphabet Inc Class C

3.26 124,495
Communication Services

S&P Global Inc

2.83 108,095
Financial Services

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