Returns Chart

Alger AI Enablers & Adopters Fund Z (AAIZX) Total Return
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Created with Highcharts 11.1.0Oct '24Jan '25Apr '25Jul '250.00%32.81%

Key Stats

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Net Expense Ratio Total Assets Under Management Weighted Average Dividend Yield Turnover Ratio (Generic)
0.55% 8.217M 0.25% 97.00%
1 Year Fund Level Flows 1 Year Total Returns (Daily) Annualized Total Returns Since Inception (Daily) Max Drawdown (Since Inception)
2.505M 32.81% Upgrade Upgrade

Basic Info

Investment Strategy
The Fund Seeks long-term capital appreciation. The Fund invests at least 80% of its net assets, borrowings for investment purposes, in equity securities of companies of any market capitalization that believes will benefit from AI, demonstrate growth potential, & companies where AI can play a role in driving stock price.
General
Security Type Mutual Fund
Broad Asset Class Sector Equity
Broad Category Equity
Global Peer Group Equity Sector Information Tech
Peer Group Global Science/Technology Funds
Global Macro Equity Industry Sector
US Macro World Sector Equity Funds
YCharts Categorization --
YCharts Benchmark --
Prospectus Objective Global Science/Technology Funds
Fund Owner Firm Name Alger
Broad Asset Class Benchmark Index
^MSWNTR 100.0%

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Net Fund Flows Versus Peer Group

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1M
3M
6M
YTD
1Y
3Y
5Y
10Y
 
80.00B
60.00B
40.00B
20.00B
0
-20.00B
1 Month
% Rank: 31
-40.47M Peer Group Low
198.10M Peer Group High
1 Year
% Rank: 30
2.505M
-569.49M Peer Group Low
1.047B Peer Group High
3 Months
% Rank: 32
-1.337B Peer Group Low
1.753B Peer Group High
3 Years
% Rank: 31
-1.766B Peer Group Low
2.649B Peer Group High
6 Months
% Rank: 36
-230.50M Peer Group Low
1.824B Peer Group High
5 Years
% Rank: 54
-2.665B Peer Group Low
8.801B Peer Group High
YTD
% Rank: 36
-230.50M Peer Group Low
1.824B Peer Group High
10 Years
% Rank: 73
-2.937B Peer Group Low
10.54B Peer Group High
Date Unavailable

Performance Versus Peer Group

 
20%
15%
10%
5%
0
Name
1M
3M
YTD
1Y
3Y
5Y
10Y
15Y
Total Return (NAV)
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
Peer Group Rtn. (NAV)
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
% Rank in Peer Group (NAV)
5.0
5.0
5.0
5.0
5.0
5.0
5.0
5.0
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Annual Total Returns Versus Peers

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Name
2018
2019
2020
2021
2022
2023
2024
YTD
--
--
--
--
--
--
--
15.82%
-8.71%
27.67%
15.90%
21.82%
-18.14%
23.79%
18.67%
9.59%
0.92%
45.25%
51.14%
17.80%
-37.60%
55.36%
32.36%
14.27%
-1.18%
25.91%
70.30%
12.96%
-46.30%
60.29%
25.40%
12.78%
--
--
--
0.00%
-44.30%
63.38%
47.80%
11.15%
-6.46%
47.50%
70.91%
11.55%
-32.28%
53.81%
27.62%
9.39%
As of July 09, 2025.

Fundamentals

General
Distribution Yield --
Dividend Yield TTM (7-8-25) 0.00%
30-Day SEC Yield --
7-Day SEC Yield --
Stock
Weighted Average PE Ratio 40.35
Weighted Average Price to Sales Ratio 11.63
Weighted Average Price to Book Ratio 14.04
Weighted Median ROE 44.27%
Weighted Median ROA 21.44%
ROI (TTM) 27.66%
Return on Investment (TTM) 27.66%
Earning Yield 0.0292
LT Debt / Shareholders Equity 0.8031
As of May 31, 2025

Growth Metrics

EPS Growth (1Y) 54.44%
EPS Growth (3Y) 42.16%
EPS Growth (5Y) 44.51%
Sales Growth (1Y) 32.62%
Sales Growth (3Y) 22.07%
Sales Growth (5Y) 28.40%
Sales per Share Growth (1Y) 46.47%
Sales per Share Growth (3Y) 21.57%
Operating Cash Flow - Growth Ratge (3Y) 50.45%
As of May 31, 2025

Asset Allocation

Created with Highcharts 11.1.0
As of May 31, 2025.
Type % Net
Cash 1.58%
Stock 92.67%
Bond 0.00%
Convertible 0.00%
Preferred 5.75%
Other 0.00%
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Top 10 Holdings

Created with Highcharts 11.1.0
Name % Weight Price % Change
NVIDIA Corp 13.62% 163.30 2.07%
Amazon.com Inc 9.71% 222.46 1.41%
Microsoft Corp 8.77% 500.85 0.85%
Meta Platforms Inc 6.80% 735.36 2.04%
AppLovin Corp 4.91% 358.80 4.08%
Talen Energy Corp 4.60% 276.57 -0.32%
SB Technology Inc PFD
3.60% -- --
Taiwan Semiconductor Manufacturing Co Ltd 3.58% 232.23 1.92%
Vistra Corp 2.91% 198.21 4.22%
Tesla Inc 2.87% 295.34 -0.83%

Fees & Availability

Fees
Actual 12B-1 Fee --
Actual Management Fee 0.06%
Administration Fee 514.0%
Maximum Front Load --
Maximum Deferred Load --
Maximum Redemption Fee --
General Availability
Available for Insurance Product --
Available for RRSP --
Purchase Details
Open to New Investors Yes
Minimum Initial Investment 500000.0 None
Minimum Subsequent Investment 0.00 None

Basic Info

Investment Strategy
The Fund Seeks long-term capital appreciation. The Fund invests at least 80% of its net assets, borrowings for investment purposes, in equity securities of companies of any market capitalization that believes will benefit from AI, demonstrate growth potential, & companies where AI can play a role in driving stock price.
General
Security Type Mutual Fund
Broad Asset Class Sector Equity
Broad Category Equity
Global Peer Group Equity Sector Information Tech
Peer Group Global Science/Technology Funds
Global Macro Equity Industry Sector
US Macro World Sector Equity Funds
YCharts Categorization --
YCharts Benchmark --
Prospectus Objective Global Science/Technology Funds
Fund Owner Firm Name Alger
Broad Asset Class Benchmark Index
^MSWNTR 100.0%

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Fundamentals

General
Distribution Yield --
Dividend Yield TTM (7-8-25) 0.00%
30-Day SEC Yield --
7-Day SEC Yield --
Stock
Weighted Average PE Ratio 40.35
Weighted Average Price to Sales Ratio 11.63
Weighted Average Price to Book Ratio 14.04
Weighted Median ROE 44.27%
Weighted Median ROA 21.44%
ROI (TTM) 27.66%
Return on Investment (TTM) 27.66%
Earning Yield 0.0292
LT Debt / Shareholders Equity 0.8031
As of May 31, 2025

Growth Metrics

EPS Growth (1Y) 54.44%
EPS Growth (3Y) 42.16%
EPS Growth (5Y) 44.51%
Sales Growth (1Y) 32.62%
Sales Growth (3Y) 22.07%
Sales Growth (5Y) 28.40%
Sales per Share Growth (1Y) 46.47%
Sales per Share Growth (3Y) 21.57%
Operating Cash Flow - Growth Ratge (3Y) 50.45%
As of May 31, 2025

Fund Details

Key Dates
Inception Date 4/4/2024
Last Annual Report Date 10/31/2024
Last Prospectus Date 2/28/2025
Share Classes
AAICX C
AAIYX Inst
AIFAX A
AIFIX Inst
Attributes
Index Fund --
Inverse Fund --
Leveraged Fund --
Fund of Funds No
Currency Hedged Fund --
Synthetic Replication Fund No

Top Portfolio Holders

Name % Weight
Portfolio A 5.00%
Portfolio B 3.50%
Portfolio C 2.25%
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Excel Add-In Codes

Name: =YCI("M:AAIZX", "name")
Broad Asset Class: =YCI("M:AAIZX", "broad_asset_class")
Broad Category: =YCI("M:AAIZX", "broad_category_group")
Prospectus Objective: =YCI("M:AAIZX", "prospectus_objective")
To find the codes for any of our securities and financial metrics, see our Complete Excel Reference.
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