AWEG

Alger Weatherbie Enduring Growth ETF

$22.18

+0.00%

Market closed. Last update: 10:58 PM ET

📎 Investment Objective

The Alger Weatherbie Enduring Growth ETF (AWEG) seeks to provide long-term capital appreciation by investing in a portfolio of growth-oriented companies that the fund's managers believe have the potential for sustainable, above-average earnings growth.

Overview

ETF tracking Alger Weatherbie Enduring Growth ETF

Category Growth

Issuer Other

Inception Date 2023-03-07

Market Cap $5.0M

Average Volume N/A

Dividend Yield 3.87%

52-Week Range $19.75 - $27.92

VWAP $22.13

Performance

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Investment Summary

📎 Investment Objective

🎯 Investment Strategy

The fund invests primarily in the common stocks of U.S. companies that the portfolio managers believe demonstrate promising growth potential. The managers use a bottom-up, fundamental research approach to identify companies they believe are well-positioned to benefit from long-term secular trends and have the ability to sustain above-average earnings growth.

✨ Key Features

Focuses on growth-oriented companies with strong earnings potential
Utilizes a bottom-up, fundamental research approach to stock selection
Aims to capitalize on long-term secular trends driving business growth
Actively managed portfolio seeking to outperform the broader market

⚠️ Primary Risks

Equity market risk: The value of the fund's holdings may decline due to general market conditions
Growth stock risk: Growth stocks may be more volatile and susceptible to rapid price swings
Sector concentration risk: The fund may have significant exposure to a particular sector, which could increase volatility
Active management risk: The fund's performance may deviate from the broader market due to the portfolio manager's investment decisions

👤 Best For

The Alger Weatherbie Enduring Growth ETF may be suitable for investors seeking long-term capital appreciation through exposure to a portfolio of growth-oriented U.S. companies. This fund may be appropriate for investors with a higher risk tolerance and a longer-term investment horizon who are willing to accept the potential for increased volatility in pursuit of higher returns.