Key stats
About Alger Weatherbie Enduring Growth ETF
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Inception date
Mar 6, 2023
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Fred Alger Management LLC
Distributor
Fred Alger & Co., Inc.
ISIN
US0155643051
AWEG aims for capital appreciation by selecting US mid-cap growth equities rated as medium ESG risk by Sustainalytics. The actively managed fund expects to hold a maximum of 30 stocks. Selection begins with a fundamental analysis of mid-cap stocks exhibiting growth potential characteristics, such as increasing capital value and strong earnings. Companies considered are filtered based on Sustainalytics ESG risk rating criteria, which is determined by assessing the companys exposure to material ESG risks and how well the company manages exposure to those risks. The fund aims to have an average ESG risk weighting of medium or better. AWEG is a non-transparent ETF. Unlike other ETFs, it does not disclose the contents of its portfolio daily. As a result, there is a chance that shares could trade with larger spreads, particularly during volatile times. However, the fund provides a verified intraday indicative value throughout the trading day.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Electronic Technology
Finance
Technology Services
Industrial Services
Stocks97.63%
Electronic Technology21.84%
Finance21.65%
Technology Services18.36%
Industrial Services11.43%
Health Technology7.17%
Health Services4.76%
Commercial Services3.60%
Producer Manufacturing3.34%
Transportation3.06%
Retail Trade2.41%
Bonds, Cash & Other2.37%
Cash2.37%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
AWEG invests in stocks. The fund's major sectors are Electronic Technology, with 21.84% stocks, and Finance, with 21.65% of the basket. The assets are mostly located in the North America region.
AWEG top holdings are TransDigm Group Incorporated and FirstService Corp, occupying 13.99% and 10.65% of the portfolio correspondingly.
AWEG last dividends amounted to 0.12 USD. The year before, the issuer paid 0.34 USD in dividends, which shows a 187.79% decrease.
AWEG assets under management is 5.10 M USD. It's fallen 3.66% over the last month.
AWEG fund flows account for 0.00 USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, AWEG pays dividends to its holders with the dividend yield of 0.49%. The last dividend (Dec 31, 2024) amounted to 0.86 USD. The dividends are paid annually.
AWEG shares are issued by Alger Associates, Inc. (United States) under the brand Alger. The ETF was launched on Mar 6, 2023, and its management style is Active.
AWEG expense ratio is 0.65% meaning you'd have to pay 0.65% of your investment to help manage the fund.
AWEG follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
AWEG invests in stocks.
AWEG price has fallen by −4.07% over the last month, and its yearly performance shows a −4.83% decrease. See more dynamics on AWEG price chart.
NAV returns, another gauge of an ETF dynamics, have fallen by −3.32% over the last month, showed a 3.26% increase in three-month performance and has decreased by −0.32% in a year.
NAV returns, another gauge of an ETF dynamics, have fallen by −3.32% over the last month, showed a 3.26% increase in three-month performance and has decreased by −0.32% in a year.
AWEG trades at a premium (0.03%) meaning the ETF is trading at a higher price than the calculated NAV.