The Alger Mid Cap 40 ETF (FRTY) is managed by Alger, a notable firm in the asset management sector. Alger specializes in growth equities and is renowned for identifying companies undergoing positive dynamic changes, including rapid growth or significant lifecycle transitions. This ETF targets mid-cap companies with potential for substantial growth and transformation, leveraging Alger's expertise in growth-oriented investments to offer a strategic portfolio option for investors.
The FRTY is designed to capture investment opportunities within companies undergoing Positive Dynamic Change, such as those experiencing high unit volume growth or positive lifecycle changes. While dividend distribution is not the primary focus of this ETF, investors can benefit from dividend payments influenced by the performance and dividend policies of the constituent companies. FRTY typically invests in mid-cap companies, and as of December 31, 2022, it may have a significant portion of its assets invested in issuers that have appreciated beyond specific market capitalization thresholds. The Fund may also concentrate its investments in specific sectors but not more than 25% in any one industry within the sector. With an active and non-diversified approach, FRTY aims to provide investors with potential capital appreciation and dividend returns.
FRTY, or the Alger Mid Cap 40 ETF , tracks companies undergoing positive dynamic changes, which can involve high unit volume growth or positive lifecycle changes. These changes may include rapid demand growth, market dominance, new regulations, innovative product developments, or management improvements. The fund typically invests at least 80% of its net assets in mid-cap companies, focusing on those within the market capitalization range of companies in the Russell MidCap Growth Index or the S&P MidCap 400 Index, with market capitalizations ranging from $1 billion to $30 billion. FRTY may concentrate its investments in specific sectors, like information technology, healthcare, and industrials, up to 25% of its total assets in any one industry within a sector. With an active management approach and a focus on a smaller number of holdings, usually around 40, FRTY seeks to capitalize on opportunities and manage risk while actively trading its portfolio securities. This non-diversified and non-transparent ETF operates under an exemptive order from the SEC, limiting its investments to specific asset classes and strategies. In certain circumstances, FRTY may hold cash or cash equivalents, not exceeding 15% of its net assets, to address market volatility or liquidity concerns.
The Alger Mid Cap 40 ETF (FRTY) predominantly invests in mid-cap companies experiencing Positive Dynamic Change, such as significant growth or beneficial lifecycle developments. It closely aligns with the market capitalization range defined by the Russell MidCap Growth and S&P MidCap 400 Indexes, focusing on sectors like technology, healthcare, and industrials. This ETF's strategy includes a concentrated portfolio, typically comprising around 40 holdings, reflecting Alger's investment philosophy of capitalizing on companies poised for substantial growth and aligning with market trends to maximize potential returns.
The FRTY Sector ETF focuses on mid-cap companies that are experiencing Positive Dynamic Change, including high unit volume growth and positive lifecycle changes. It typically invests at least 80% of its net assets in mid-cap equities, with a market capitalization range between $1 billion to $30 billion. The ETF may concentrate a significant portion of its assets in sectors such as information technology, healthcare, and industrials, but will not allocate more than 25% to any single industry within these sectors. With a focus on a smaller number of issuers, around 40 holdings, the ETF actively manages its portfolio and may engage in active trading to seize attractive opportunities. It operates as a non-diversified and non-transparent ETF, relying on an exemptive order from the SEC to adhere to its investment strategy.
The Alger Mid Cap 40 ETF (FRTY) focuses on mid-cap companies experiencing Positive Dynamic Change, such as rapid demand growth or significant lifecycle transitions. The fund invests primarily in sectors like technology, healthcare, and industrials, with a portfolio generally consisting of around 40 holdings. It's designed for investors seeking exposure to a select group of mid-cap companies with the potential for high growth, within a market cap range of $1 billion to $30 billion, aligning with the Russell MidCap Growth and S&P MidCap 400 Indexes' parameters.
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