FRTY
Alger Mid Cap 40 ETF
📎 Investment Objective
The Alger Mid Cap 40 ETF (FRTY) seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Alger 40 Index, which is designed to provide exposure to 40 mid-cap companies.
Overview
ETF tracking Alger Mid Cap 40 ETF
Performance
Price Chart
Investment Summary
📎 Investment Objective
The Alger Mid Cap 40 ETF (FRTY) seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Alger 40 Index, which is designed to provide exposure to 40 mid-cap companies.
🎯 Investment Strategy
The ETF employs a passive management (or index-tracking) strategy designed to track the performance of the Alger 40 Index. The fund invests in the common stocks of the 40 companies that comprise the index, seeking to replicate the index's performance.
✨ Key Features
- Provides exposure to a diversified portfolio of 40 mid-cap companies
- Employs a passive, index-tracking investment strategy
- Low expense ratio of 0.00%
- Relatively new fund with limited performance history
⚠️ Primary Risks
- Market risk: The value of the fund's holdings may decline due to general market and economic conditions
- Concentration risk: The fund's performance may be more volatile as it is concentrated in a limited number of securities
- Tracking error risk: The fund may not perfectly track the performance of its underlying index
- Liquidity risk: The fund may have difficulty buying or selling certain securities, particularly in volatile market conditions
👤 Best For
The Alger Mid Cap 40 ETF may be suitable for investors seeking broad exposure to the mid-cap segment of the U.S. equity market through a low-cost, passively managed fund. It may be appropriate as a core holding or as part of a diversified portfolio. Investors should have a medium to long-term investment horizon and be willing to accept the volatility associated with mid-cap stocks.