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Morningstar

Alger Mid Cap 40 ETF FRTY

Morningstar Medalist Rating
Medalist Rating as of | See Alger Investment Hub

Morningstar’s Analysis FRTY

Will FRTY 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 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.

Alger Mid Cap 40 ETF 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 portfolio maintains a sizable cost advantage over competitors, priced within the lowest fee quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings FRTY

More FRTY Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 39.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Cash

7.28 2.4 Mil
Cash and Equivalents

Vertiv Holdings Co Class A

6.51 2.1 Mil
Industrials

Heico Corp Class A

4.59 1.5 Mil
Industrials

Liberty Formula One Group Registered Shs Series -C- Formula One

4.39 1.4 Mil
Communication Services

Micron Technology Inc

4.22 1.4 Mil
Technology

Natera Inc

4.07 1.3 Mil
Healthcare

Shake Shack Inc Class A

3.24 1.1 Mil
Consumer Cyclical

TransDigm Group Inc

3.15 1.0 Mil
Industrials

Manhattan Associates Inc

3.13 1.0 Mil
Technology

DraftKings Inc Ordinary Shares - Class A

3.05 998,521
Consumer Cyclical