FRTY – Fund Analysis – Alger Mid Cap 40 ETF | Morningstar

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Will FRTY outperform in future?

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

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Process Pillar

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

People Pillar

The People Pillar is our evaluation of the FRTY 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 FRTY’s parent organization’s priorities and whether they’re in line with investors’ interests.

Summary

| Mar 27, 2023

A middling Parent Pillar and a subpar Process Pillar help limit Alger Mid Cap 40 ETF to a Morningstar Quantitative Rating of Neutral. The portfolio maintains a sizable cost advantage over competitors, priced within the cheapest fee quintile among peers.

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