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Learn About the
Alger Mid Cap 40 ETF
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​An Actively Managed ETF Backed by 55+ Years of Investing Experience​
This ETF is different from traditional ETFs. This may create additional risks​ for your investment. Click here for additional important information.​​
​
​​​
​Alger’s competitive edge is using unique, fundamental, bottom-up research to capitalize on change be​fore it is recognized by the market. We embrace change found in traditional growth companies as well as in companies experiencing a growth renaissance. The Alger Mid Cap 40 ETF, which does not disclose holdings on a daily basis, will enable investors to gain access to our investing prowess in a new way that may suit them.​
​ ​​
Recommended Links
<div class="ExternalClass269BD8367E6343878393152F43B2F98B">Alger Mid Cap 40 ETF​​​​​​
​<br></div>
Alger Mid Cap 40 ETF​​​​​​ ​
Primarily invests in a focused portfolio of approximately 40 holdings of mid cap companies identified through our fundamental research as demonstrating promising growth potential.
<div class="ExternalClass15A49CC4E9E84719905EA6F49A5F4262">Alger Mid Cap 40 ETF Flyer​​​​​​<br></div>
Alger Mid Cap 40 ETF Flyer​​​​​​
Learn about the Mid Cap 40 ETF and the portfolio manager behind it in this downloadable flyer.
<div class="ExternalClassE3FB09AE995849B58638DFFA788DF6DF"><p>​Podcast&#58;&#160;How Sustainable is Sustainable Growth?<br></p></div>

​Podcast: How Sustainable is Sustainable Growth?

Portfolio Manager Amy Zhang discusses the importance of ESG investing and how it impacts her new Mid Cap ETF portfolio.
<div class="ExternalClassED74B02DDB5F477AB956037930ECD537">Why an Alger ETF?<br></div>
Why an Alger ETF?
We're very pleased to offer an active ETF because it allows our investors to invest with Alger in whatever vehicle they prefer.
<div class="ExternalClassDABC0A4D869D46618055FAACF670FE23">What’s the Fund? Video w​ith Amy Zhang​​​​​<br></div>
What’s the Fund? Video w​ith Amy Zhang​​​​​
Portfolio Manager Amy Zhang, CFA, speaks with Judy Shaw of the New York Stock Exchange about the new, active ETF she manages, the Alger Mid Cap 40 ETF, a high-conviction and focused portfolio containing 40 growth stocks.
<div class="ExternalClass269BD8367E6343878393152F43B2F98B">Profiles in Success&#58; Amy Zhang​<br></div>
Profiles in Success: Amy Zhang​
Learn about the portfolio manager behind the Alger Mid Cap 40 ETF as we explore her background, accomplishments and proficiencies. This is your opportunity to get to know Amy on a personal level.
View All
Important Disclosures:

This ETF is different from traditional ETFs.

Traditional ETFs tell the public what assets they hold each day. This ETF will not. This may create additional risks for your investment. Specifically:
  • 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.
  • 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 it provides less information to traders.
  • These additional risks may be even greater in bad or uncertain market conditions
The differences between this ETF and other ETFs may also have advantages. By keeping certain information about the ETF confidential, this ETF may face less risk that other traders can predict or copy its investment strategy. This may improve the ETF’s performance. If other traders are able to copy or predict the ETF’s investment strategy, however, this may hurt the ETF’s performance. For additional information regarding the unique attributes and risks of this ETF, please refer to the prospectus.​

Performance Disclosure:

Performance data quoted represents past performance and is no guarantee of future results.​ DUE TO MARKET VOLATILITY, CURRENT PERFORMANCE MAY BE DIFFERENT THAN THE FIGURES SHOWN. Investment return and principal value will fluctuate so that an investor's shares, when sold in the secondary market, may be worth more or less than original cost. Returns less than one year are not annualized. Performance does not reflect the deduction of commissions, which a broker may charge to execute a transaction in Fund shares, and an investor may incur the cost of the spread between the price at which a dealer will buy shares and the price at which a dealer will sell shares. Market performance is determined using the official closing price on the New York Stock Exchange. Market performance does not represent the returns you would receive if you traded shares at other times. To obtain performance data current to the most recent month end, please visit www.alger.com. Index performance does not represent the fund's performance. Investors may not invest directly in an index.

Risk Disclosures:

The Fund is an actively managed ETF that does not seek to replicate the performance of a specified index. The Fund does not provide daily disclosure of its portfolio holdings, but instead provides a verified intraday indicative value (“VIIV”) calculated and disseminated every second throughout the trading day. The VIIV is designed to be a highly correlated per share value of the underlying portfolio, but there is a risk that market price of the Fund may vary significantly from its NAV. The VIIV Calculation Methodology and a historical daily comparison of the Fund’s VIIV to its NAV is available on www.alger.com. The Fund trading on the basis of a VIIV may trade at a wider bid/ask spread than ETFs that publish their portfolios on a daily basis, especially during periods of market disruption or volatility, and, therefore, may cost investors more to trade. Although the Fund seeks to benefit from keeping its portfolio information confidential​, market participants may attempt to identify a Fund’s trading strategy, which, if successful, could result in such market participants engaging in certain predatory trading practices that may have the potential to harm the Fund and its shareholders. The Fund’s shares trade in the secondary market on NYSE Arca, Inc. and therefore may experience associated risks, such as the potential lack of an active market for Fund shares, losses from trading in secondary markets, periods of high volatility, and disruptions in the creation and/or redemption process of the Fund. Any of these factors may cause the Fund’s shares to trade at a premium or discount to NAV. Creations and redemptions in the Fund occur through an agent called an “AP Representative” who is not obligated to engage in creations or redemptions. The Fund may have a limited number of AP Representatives and if AP Representatives are not able to proceed with creations and/or redemptions the Fund’s shares may trade at a discount to NAV and possibly face trading halts and/or delisting, and investors could experience significant losses as a result. ​​

Investing in the stock market involves risks, including the potential loss of principal. Growth stocks may be more volatile than other stocks as their prices tend to be higher in relation to their companies’ earnings and may be more sensitive to market, political, and economic developments. Investing in companies of medium capitalizations involve the risk that such issuers may have limited product lines or financial resources, lack management depth, or have limited liquidity. Assets may be focused in a small number of holdings, making them susceptible to risks associated with a single economic, political or regulatory event than a more diversified portfolio. A significant portion of assets will be invested in technology and healthcare companies, which may be significantly affected by competition, innovation, regulation, and product obsolescence, and may be more volatile than the securities of other companies. The Fund is classified as a “non-diversified fund” under federal securities laws because it can invest in fewer individual companies than a diversified fund. Active trading may increase transaction costs, brokerage commissions, and taxes, which can lower the return on investment.

​ The views expressed are the views of Fred Alger Management, LLC (FAM) and its affiliates as of February 2021. These views are subject to change at any time and may not represent the views of all portfolio management teams. These views should not be interpreted as a guarantee of the future performance of the markets, any security or any funds managed by FAM. These views are not meant to provide investment advice and should not be considered a recommendation to purchase or sell securities. ​​

Before investing, carefully consider the Fund’s investment objective, risks, charges, and expenses. For a prospectus and summary prospectus containing this and other information or for the Fund’s most recent month-end performance data, visit www.alger.com, call (800) 992-3863 or consult your financial advisor. Read the prospectus and summary prospectus carefully before investing. Distributor: Fred Alger & Company, LLC. Listed on NYSE Arca, Inc. NOT FDIC INSURED. NOT BANK GUARANTEED. MAY LOSE VALUE.​ ​
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Innovation and the Pandemic Create Opportunities2208https://wwwadmin.alger.com/Pages/FeaturedInsights.aspx?PageLabel=featuredinsights-innovation-and-pandemic-create-opportunitiesThe combination of the pandemic and the far-reaching consequences of technology adoption illustrate how long/short portfolio managers can potentially benefit. <div class="ExternalClass2BB82D44935E4922AF2DFD62EAA92E65">Innovation and the Pandemic Create Opportunities​​​​​​​<br></div>4/16/2021 8:08:27 PMhttps://www.alger.com/Lists/CMS_Orphan/SearchLinksFalse<img alt="" src="/AlgerImages/DynoOpps_MobilePage3Banner.jpg" style="BORDER&#58;0px solid;" />0searchlinks-innovation
Alger in a Flash 11 - The Changing Face of the U.S. Economy: Automobile Industry8806The automobile industry is one of the most fascinating industries to watch. It has the opportunity to have some of the most profound impacts on our society and world since the automobile was invented. <div class="ExternalClassDABC0A4D869D46618055FAACF670FE23">The Changing Face of the U.S. Economy&#58; Automobile Industry​​​​<br></div>​<br>4/16/2021 8:04:22 PMDAN CHUNG, CFA Chief Executive Officer Chief Investment Officer​ Portfolio Manager The automobile industry is one of the most fascinating industries to watch https://www.alger.com/Lists/CMS_Orphan/BlogPagesContentFalse<img alt="" src="/AlgerImages/AIF11_Insights.jpg" style="BORDER&#58;0px solid;" />0AIF11
AOM220 - Leading Indicator Soars 2483With large amounts of stimulus and expectations for the pandemic to recede, leading indicators of economic growth are improving.<div class="ExternalClass70A65E348F044F0AA54318B303A44015"><p>Leading Indicator Soars<br></p></div>4/16/2021 8:06:14 PMWith large amounts of stimulus and expectations for the pandemic to recede, leading indicators of economic growth are improving What does that mean for corporate earnings and the https://www.alger.com/Lists/CMS_Orphan/BlogPagesOnTheMoneyFalse<img alt="" src="/AlgerImages/AOM220_Insights.jpg" style="BORDER&#58;0px solid;" />0OnTheMoney220
Pandemic Creates Health Care Opportunities for Investors2433https://wwwadmin.alger.com/Pages/FeaturedInsights.aspx?PageLabel=featuredinsights-Pandemic-Creates-Health-Care-Opportunities-for-InvestorsThe novel coronavirus pandemic has driven substantial divergence between innovative companies and companies that have lost market share as a result of failing to address demands created by the spread of the virus.<div class="ExternalClass2BB82D44935E4922AF2DFD62EAA92E65">Pandemic Creates Health Care Opportunities for Investors​​​​​​​<br></div>4/16/2021 8:08:36 PMhttps://www.alger.com/Lists/CMS_Orphan/SearchLinksFalse<img alt="" src="/AlgerImages/DynoOpps-ContentCard-Healthcare.jpg" style="BORDER&#58;0px solid;" />0searchlinks-healthcare
How Sustainable is Sustainable Growth?2311Portfolio Manager Amy Zhang discusses the importance of ESG investing and how it impacts her new Mid Cap ETF portfolio.<div class="ExternalClassE3FB09AE995849B58638DFFA788DF6DF"><p>​Podcast&#58;&#160;How Sustainable is Sustainable Growth?<br></p></div>4/16/2021 8:04:21 PMImportant Disclosures This ETF is different from traditional ETFs Traditional ETFs tell the public what assets they hold each day This may create additional risks for https://www.alger.com/Lists/CMS_Orphan/BlogPagesContentFalse<img alt="" src="/AlgerImages/Insights_Podcast_Image.jpg" style="BORDER&#58;0px solid;" />0How_Sustainable_Is_Sustainable
AOM219 - The Life of a Digital Dollar8259With the rise of digital payments, the economics of credit and debit transactions has been a hot topic as investors try to figure out the best places to invest in the payment ecosystem. So where does your digital dollar go?<div class="ExternalClass70A65E348F044F0AA54318B303A44015"><p>The Life of a Digital Dollar​<br></p></div>4/16/2021 8:06:14 PMWith the rise of digital payments, the economics of credit and debit transactions has been a hot topic as investors try to figure out the best places to invest in the payment https://www.alger.com/Lists/CMS_Orphan/BlogPagesOnTheMoneyFalse<img alt="" src="/AlgerImages/AOM%20219_Insights.jpg" style="BORDER&#58;0px solid;" />0OnTheMoney219
Is Herd Immunity Driving EM Growth?8257Portfolio Manager Pragna Shere discusses why some emerging markets companies have thrived over the past year and if such accelerated growth is sustainable.<div class="ExternalClassA9180F5A3FF5409A9C33A40EF2DD4EE1"><p>​Podcast&#58;&#160;Is Herd Immunity Driving EM Growth?<br></p></div>4/16/2021 8:04:20 PMPRAGNA SHERE, CFA​ Senior Vice President Portfolio Manager​​ Subscribe to the Alger Podcast​ in Spotify | iTunes | Stitcher https://www.alger.com/Lists/CMS_Orphan/BlogPagesContentFalse<img alt="" src="/AlgerImages/Insights_Podcast_Image.jpg" style="BORDER&#58;0px solid;" />0Herd_Immunity_Driving_EM
Alger Breaking Views: Rising Rates: Keep Your Perspective2177In this brief video, Alger Director of Market Strategy Brad Neuman discusses why investors should be wary of overreacting to market volatility in the wake of rising interest rates.<div class="ExternalClassDABC0A4D869D46618055FAACF670FE23">​Alger Breaking Views&#58; Rising Rates&#58; Keep Your Perspective​​​</div>​​​​<br>4/16/2021 8:04:20 PMBRAD NEUMAN, CFA ​​​ Senior Vice President Director of Market Strategy In this brief video, Alger Director of Market Strategy Brad Neuman discusses why investors should be wary https://www.alger.com/Lists/CMS_Orphan/BlogPagesContentFalse<img alt="" src="/AlgerImages/AlgerBreakingViews_Insights1.jpg" style="BORDER&#58;0px solid;" />0Rising_Rates_Keep_Perspective
Why an Alger ETF?1186We're very pleased to offer an active ETF because it allows our investors to invest with Alger in whatever vehicle they prefer.<div class="ExternalClassED74B02DDB5F477AB956037930ECD537">Why an Alger ETF?<br></div>4/16/2021 8:06:52 PMImportant Disclosures This ETF is different from traditional ETFs Traditional ETFs tell the public what assets they hold each day This may create additional risks for your 2https://www.alger.com/Lists/CMS_Orphan/BlogPagesOnTheRecordFalse<img alt="" src="/AlgerImages/AOR57_Insights.jpg" style="BORDER&#58;0px solid;" />0OnTheRecord57
Alger in a Flash 10 - The Changing Face of the U.S. Economy: Health Care8210The health care system is the frontline of our response to the Covid-19 crisis and one of the most interesting things that has happened is the adoption of telemedicine.<div class="ExternalClassDABC0A4D869D46618055FAACF670FE23">The Changing Face of the U.S. Economy&#58; Health Care​​​<br></div>​<br>4/16/2021 8:04:19 PMDAN CHUNG, CFA Chief Executive Officer Chief Investment Officer​ Portfolio Manager The health care system is the frontline of our response to the Covid-19 crisis and one of the https://www.alger.com/Lists/CMS_Orphan/BlogPagesContentFalse<img alt="" src="/AlgerImages/AIF10_Insights.jpg" style="BORDER&#58;0px solid;" />0AIF10
AOM218 - EM Forecasted to Grow 7973EM are still developing economies with rising middle classes, but they no longer rely as heavily on traditional industrial and commodity businesses. This may surprise investors who haven’t studied this evolution over the recent years.<div class="ExternalClass70A65E348F044F0AA54318B303A44015"><p>EM Forecasted to Grow<br></p></div>4/16/2021 8:06:13 PMHow have emerging markets (EM) evolved over the past couple of decades EM are still developing economies with rising middle classes, but they no longer rely as heavily on 1https://www.alger.com/Lists/CMS_Orphan/BlogPagesOnTheMoneyFalse<img alt="" src="/AlgerImages/AOM218_Insights.jpg" style="BORDER&#58;0px solid;" />0OnTheMoney218
The New Normal Could Support Market Leaders7727We believe that significant shifts in supply chains, logistics and consumer and business behavior have positioned leading companies for potentially strong growth even after the pandemic is contained and we return to a new normal.<div class="ExternalClassAF5797A9B4674DF39C65C560BFD430DF">Dan Chung&#58; The New Normal Could Support Market Leaders​​<br></div>4/16/2021 8:07:39 PMDAN CHUNG, CFA Chief Executive Officer Chief Investment Officer Portfolio Manager Barbecue ribs are increasingly finding a spot in aircraft cargo bays and wine is more likely to https://www.alger.com/Lists/CMS_Orphan/DanArticlesFalse<img alt="" src="/AlgerImages/Insights_Blog_Dan.jpg" style="BORDER&#58;0px solid;" />0danarticle25

ETF Investors

This ETF is different from traditional ETFs.

Traditional ETFs tell the public what assets they hold each day. This ETF will not. This may create additional risks for your investment. Specifically:

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.

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 it provides less information to traders.

These additional risks may be even greater in bad or uncertain market conditions.

The differences between this ETF and other ETFs may also have advantages. By keeping certain information about the ETF confidential, this ETF may face less risk that other traders can predict or copy its investment strategy. This may improve the ETF’s performance. If other traders are able to copy or predict the ETF’s investment strategy, however, this may hurt the ETF’s performance. For additional information regarding the unique attributes and risks of this ETF, please refer to the prospectus.
PRI Alger is committed to sustainability and is a signatory to the PRI.

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