Alger AI Enablers & Adopters Fund Class I AIFIX Strategy
Strategy
The investment seeks long-term capital appreciation. Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of companies of any market capitalization that the advisor believes will benefit from artificial intelligence (“AI”), demonstrate promising growth potential, and are companies where AI can play a material role in potentially driving stock price performance over the next twelve to thirty-six months. The fund is non-diversified.
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Ticker
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Name
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Share Class Type
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Investment Status
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Morningstar Rating for Funds
Overall
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Medalist Rating
Overall
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Inception Date
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Total Net Assets for Share Class
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Adjusted Expense Ratio
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Fee Level
Distribution
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Minimum Initial Investment
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1-Year Net Flow
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AAIYX
| Alger AI Enablers & Adopters Fund Class Y | Institutional | Open | — | $242,410.00 | 0.610% | Low | $500,000 | $9,472.74 | ||
AIFIX
| Alger AI Enablers & Adopters Fund Class I | Institutional | Open | — | $1.01M | 0.840% | Average | $0 | −$19,891.56 | ||
AAIZX
| Alger AI Enablers & Adopters Fund Class Z | Institutional | Open | — | $9.43M | 0.610% | Low | $500,000 | $969,272.15 | ||
AIFAX
| Alger AI Enablers & Adopters Fund Class A | Front Load | Open | — | $17.31M | 0.850% | Low | $1,000 | $6.12M | ||
AAICX
| Alger AI Enablers & Adopters Fund Class C | Level Load | Open | — | $637,681.00 | 1.610% | Low | $1,000 | −$459,357.56 |
United States