05/01/2024 | Press release | Distributed by Public on 05/01/2024 11:46
May 1, 2024
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Ticker Symbol
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Exchange
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ATFV
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NYSE Arca, Inc.
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This Exchange-Traded Fund ("ETF") is different from traditional ETFs.
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Traditional ETFs tell the public what assets they hold each day. This ETF will not. This may create additional risks for your
investment. For example:
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•You may have to pay more money to trade the ETF's shares. This ETF will provide less information to traders, who tend to
charge more for trades when they have less information.
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•The price you pay to buy ETF shares on an exchange may not match the value of the ETF's portfolio. The same is true
when you sell shares. These price differences may be greater for this ETF compared to other ETFs because this ETF
provides less information to traders.
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•These additional risks may be even greater in bad or uncertain market conditions.
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The differences between this ETF and other ETFs may also have advantages. By keeping certain information about the ETF
secret, this ETF may face less risk that other traders can predict or copy its investment strategies. This may improve the
ETF's performance. If other traders are able to copy or predict the ETF's investment strategies, however, this may hurt the
ETF's performance.
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For additional information regarding the unique attributes and risks of this ETF, see the Share Price and Distributions section
of the ETF's prospectus and the Non-Transparent Risks in the Principal Risks section of this Summary Prospectus.
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Alger 35 ETF
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None
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Alger 35 ETF
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Management Fees
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.45
%
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Distribution and/or Service (12b-1) Fees*
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None
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Other Expenses
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1.15
%
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Total Annual Fund Operating Expenses
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1.60
%
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Fee Waiver and/or Expense Reimbursement**
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(1.05)
%
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Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement
|
.55
%
|
1 Year
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3 Years
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5 Years
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10 Years
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Alger 35 ETF
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$56
|
$329
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$701
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$1,748
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Best Quarter:
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Q4 2023
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19.90%
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Worst Quarter:
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Q2 2022
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-21.86%
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1 Year
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Since
Inception
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Inception
Date
|
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Alger 35 ETF
|
5/3/21
|
||
Return Before Taxes
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32.71%
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-5.22%
|
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Return After Taxes on Distributions
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32.70%
|
-5.23%
|
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Return After Taxes on Distributions and Sale of Fund Shares
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19.36%
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-3.94%
|
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S&P 500 Index (reflects no deductions for fees, expenses or taxes)
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26.29%
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6.64%
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Investment Manager
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Portfolio Managers Jointly and Primarily Responsible for Day-to-Day Management of the Fund
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Fred Alger Management, LLC
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Dan C. Chung, CFA
Chief Executive Officer, Chief Investment Officer and Portfolio Manager
Since Inception (May 2021)
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George Ortega
Senior Vice President, Senior Analyst and Portfolio Manager
Since January 2024
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