Alger Mid Cap 40 ETF (FRTY)
About Alger Mid Cap 40 ETF (FRTY)
Under normal circumstances, the Fund invests at least 80% of its net assets in equity securities of mid-cap companies. For thesepurposes, mid-cap companies are those companies that, at the time of purchase of the securities, have total marketcapitalization within the range of (i) companies included in the Russell MidCap Growth Index or the S&P MidCap 400 Index, asreported by the index at the most recent quarter end, or (ii) $1 billion to $30 billion. Both indexes are designed to track theperformance of medium-capitalization stocks. At December 31, 2020, the companies in the Russell MidCap Growth Index rangedfrom $623 million to $59.7 billion and the companies in the S&P MidCap 400 Index ranged from $1.47 billion to $22.2 billion.Because of the Funds long-term approach to investing, it could have a significant portion of its assets invested in securities ofissuers that have appreciated beyond the market capitalization thresholds noted. Equity securities include common or preferredstocks that are listed on U.S. exchanges.
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Alger Mid Cap 40 ETF News
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Exchange Traded Funds (ETFs): Investors should carefully consider the information contained in the prospectus, which contains the Fund’s investment objectives, risks, charges, expenses, and other relevant information. You may obtain a prospectus from the Fund company’s website. Please read the prospectus carefully prior to investing.
Shares of ETFs must be bought and sold at market price, which can vary significantly from the Fund’s net asset value (NAV). Investment returns are subject to market volatility and shares may be worth more or less their original value when redeemed. The diversification of an ETF will not protect against loss. An ETF may not achieve its stated investment objective. Rebalancing and other activities within the fund may be subject to tax consequences.
Performance data quoted represents past performance. Past performance does not guarantee future results. Investment returns and principal value of an investment will fluctuate and when redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the standardized performance data quoted. Select the Standardized Performance link for the latest quarterly performance.