Key stats
About The Alger ETF Trust Alger Weatherbie Enduring Growth ETF
Expense ratio
0.65%
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Inception date
Mar 6, 2023
AWEG aims for capital appreciation by selecting US mid-cap growth equities that Sustainalytics rated as medium ESG risk. The actively managed portfolio expects to hold a maximum of 30 stocks. Selection begins with fundamental analysis of mid-cap companies exhibiting growth potential characteristics such as increasing capital value and strong earnings. Companies considered for inclusion are filtered based on ESG risk rating criteria determined by Sustainalytics. The ESG risk rating is determined by assessing the companys exposure to material ESG risks and assessing how well management manages the companys 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
What's in the fund
Exposure type
Technology Services
Electronic Technology
Health Technology
Finance
Stock breakdown by region