Weatherbie Enduring Growth
Mid CapMid Cap
Alger Weatherbie Enduring Growth ETFAWEG

as of 7/11/2025
Fund Snapshot

  • ExchangeNYSE Arca
  • Net Asset Value$23.97
  • Market Price$23.97
  • Total Net Assets$5,093,312
  • Shares Outstanding212,500

Investment Strategy

Invests in a focused portfolio of no more than 30 holdings of primarily mid cap growth companies with an environmental, social and governance (ESG) rating of medium or better, at the time of purchase. Seeks long-term capital appreciation.



Highlights

Asset Class:
U.S. Mid Cap Growth Equities

Benchmark:
Russell Mid Cap Growth Index ​

Driver​:
Stock selection



Management

H. George Dai, Ph.D.
Chief Investment Officer, Portfolio Manager, Senior Analyst,
Weatherbie Capital, LLC
Joshua D. Bennett, CFA
Director of Research, Portfolio Manager, Senior Analyst,
Weatherbie Capital, LLC

Morningstar

(as of 7/7/2025)

Market Data

Daily Market Prices as of (7/10/2025)52 Week Range
Bid Ask Midpoint$24.3652-Week High$27.92
30 Day Median Bid Ask Spread0.26%52-Week Low$19.53
Market Price$24.36
Trading Analysis (as of 7/11/2025)
Premium/Discount0.00%
Trading Data
(as of 6/30/2025)
Day(s) +/- 0.5% of NAV0
Percent of Day(s) +/- 0.5% of NAV0.00%
Number of Day(s) at Premium26
Number of Day(s) at NAV19
Number of Day(s) at Discount17
Greatest Premium0.18%
Greatest Discount-0.25%
Median Bid Ask Spread0.18%
Apr 06Apr 13Apr 20Apr 27May 04May 11May 18May 25JuneJun 08Jun 15Jun 22Jun 29−3%−2%−1%0%1%2%3%Market/Premium Discount (%)

Performance

 
YTD
as of (7/11/2025)
 Effective date (6/30/2025) 
 QTR1 Year1y3 Years3y5 Years5y10 Years10ySince Inception
(3/6/2023)
NAV-3.85%6.83%4.24%---9.64%
Market Price-3.81%6.92%4.23%---9.69%
Russell Midcap Growth8.93%18.20%26.49%---20.37%
Distribution TypeRecord DateEx-Dividend/Payable DatePer Share Amounts
($)
Reinvest Price
($)
Dividend12/17/202412/18/20240.116625.23
Long Term Gain12/17/202412/18/20240.406925.23
Short Term Gain12/17/202412/18/20240.335625.23
Dividend12/19/202312/20/20230.053521.47
(Prospectus Dated April 30, 2025, unless otherwise amended)
Shareholder Fees (fees paid directly from your investment)
Maximum Sales Charge (load) Imposed on Purchases as a Percentage of Offering Price-
Maximum Deferred Sales Charge (load) as a Percentage of Purchase Price or Redemption Proceeds, Whichever is Lower-
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Management Fees0.55%
Distribution and/or Service (12b-1) Fees0.00%
Other Expenses2.17%
Total Annual Fund Operating Expenses Total - without Waiver2.72%
Total Annual Fund Operating Expenses Total - with Waiver0.65%

Composition

Characteristics

(as of 6/30/2025)
Alger Weatherbie Enduring Growth ETFRussell Midcap Growth Index
Number of Equity Holdings24276
Active Share95.91%-
Average Market Cap$15.96 bil$20.71 bil
Median Market Cap$6.89 bil$14.57 bil
Weighted Average Market Cap$24.88 bil$37.55 bil
P/E Ratio37.81x29.14x
Price/Book Ratio6.58x13.06x
Sales Growth (Next 12 Months)10.38%11.20%
EPS Growth (3-5 YR) Forecasted11.93%10.79%
Characteristics are sourced from FactSet, an independent source, using all available data. Fred Alger Management, LLC, makes no representation that FactSet is complete, reliable, or accurate. With the exception of active share, the calculation excludes cash.

Holdings

DOWNLOAD DAILY HOLDINGS PDFCSV
(as of 6/30/2025)
Name
Alger Weatherbie Enduring Growth ETF
Russell Midcap Growth Index
Active
Weight
TransDigm Group Incorporated13.99%0.00%13.99%
FirstService Corp10.65%0.00%10.65%
Waste Connections, Inc.6.59%0.00%6.59%
Upstart Holdings, Inc.5.98%0.00%5.98%
Paylocity Holding Corp.5.35%0.25%5.10%
(as of 4/30/2025)
Name
Alger Weatherbie Enduring Growth ETF
Russell Midcap Growth Index
Active
Weight
TransDigm Group Incorporated14.00%0.00%14.00%
FirstService Corp11.12%0.00%11.12%
Waste Connections, Inc.8.77%0.00%8.77%
Paylocity Holding Corp.6.11%0.29%5.82%
Casella Waste Systems, Inc. Class A5.30%0.00%5.30%
Upstart Holdings, Inc.4.76%0.00%4.76%
SPS Commerce, Inc.4.71%0.00%4.71%
Natera, Inc.4.58%0.60%3.98%
HEICO Corporation3.88%0.38%3.50%
ACADIA Pharmaceuticals Inc.3.34%0.00%3.34%
(as of 4/30/2025)
Name
Alger Weatherbie Enduring Growth ETF
Russell Midcap Growth Index
Active
Weight
TransDigm Group Incorporated14.00%0.00%14.00%
FirstService Corp11.12%0.00%11.12%
Waste Connections, Inc.8.77%0.00%8.77%
Paylocity Holding Corp.6.11%0.29%5.82%
Casella Waste Systems, Inc. Class A5.30%0.00%5.30%
Upstart Holdings, Inc.4.76%0.00%4.76%
SPS Commerce, Inc.4.71%0.00%4.71%
Natera, Inc.4.58%0.60%3.98%
HEICO Corporation3.88%0.38%3.50%
HubSpot, Inc.3.80%1.05%2.76%
ACADIA Pharmaceuticals Inc.3.34%0.00%3.34%
SiteOne Landscape Supply, Inc.3.27%0.07%3.20%
Progyny, Inc.3.12%0.00%3.12%
StepStone Group, Inc. Class A3.04%0.00%3.04%
Palomar Holdings, Inc.2.87%0.00%2.87%
XPO, Inc.2.77%0.42%2.35%
Ollie's Bargain Outlet Holdings Inc2.22%0.00%2.22%
RXO, Inc.2.17%0.00%2.17%
Hamilton Lane Incorporated Class A1.27%0.00%1.27%
Impinj, Inc.1.25%0.00%1.25%
Trade Desk, Inc. Class A1.24%0.83%0.41%
Agilysys, Inc.0.79%0.00%0.79%
Semtech Corporation0.70%0.00%0.70%
Glaukos Corp0.01%0.00%0.01%

Exposures

GICS Sector Allocations (%)Active Weight
Industrials
22.82%
Health Care
1.69%
Information Technology
-5.40%
Financials
0.41%
Real Estate
9.38%
Communication Services
-3.55%
Consumer Discretionary
-19.54%
Consumer Staples
-1.84%
Energy
-2.86%
Materials
-0.24%
Utilities
-3.24%
010203040
Alger Weatherbie Enduring Growth ETFRussell Midcap Growth Index
(as of 6/30/2025)
Region (%)Active Weight
North America
-1.84%
Latin America
-0.04%
Europe
-0.50%
0102030405060708090
Alger Weatherbie Enduring Growth ETFRussell Midcap Growth Index
(as of 6/30/2025)
Country (%)Active Weight
United States
-12.03%
Canada
10.19%
Switzerland
-0.38%
United Kingdom
-0.12%
Brazil
-0.02%
Argentina
-0.01%
0102030405060708090
Alger Weatherbie Enduring Growth ETFRussell Midcap Growth Index
(as of 6/30/2025)
Market Capitalization (%)
> $50B
$15B - $50B
$7.5B - $15B
$1.5B - $7.5B
$750M - $1.5B
< $750M
01020304050
Alger Weatherbie Enduring Growth ETFRussell Midcap Growth Index
(as of 6/30/2025)
Alger Weatherbie Enduring Growth ETF
Equity Holdings97.63%
Cash2.36%

Attribution (Gross)

(for 1-Year Period ended x/x/xx)
(for 1-Year Period ended 3/31/2025)
Alger Weatherbie Enduring Growth ETFRussell Midcap GrowthAttribution
Analysis
Average
Weight (%)
Contribution to
Return (%)
Average
Weight (%)
Contribution to
Return (%)
Total
Effect (%)
Consumer Discretionary2.580.7714.632.031.83
Consumer Staples0.000.002.44-0.660.81
Industrials41.764.9517.675.25-6.16
Financials12.401.9112.743.49-0.04
Materials0.000.001.27-0.250.36
Energy0.000.004.131.35-1.17
Communication Services1.180.104.420.34-0.18
Real Estate8.841.291.280.26-1.10
Utilities0.000.001.410.59-0.48
Health Care16.97-4.2914.42-1.79-3.55
Information Technology12.45-1.6926.6710.68-9.82
(for 1-Year Period ended x/x/xx)
(for 1-Year Period ended x/x/xx)
(for the quarter ended 6/30/2025)
ContributorsDetractors
Upstart Holdings, Inc.Neogen Corp
TransDigm Group IncorporatedRXO, Inc.
ACADIA Pharmaceuticals Inc.Waste Connections, Inc.
Natera, Inc.Tandem Diabetes Care, Inc.
HEICO CorporationPaylocity Holding Corp.

Risk Metrics

(as of 6/30/2025)
Alger Weatherbie Enduring Growth ETFRussell Midcap Growth Index
Alpha (1 Year)-17.660.00
Beta (1 Year)0.901.00
R-Squared0.881.00
Sharpe Ratio0.070.98
Information Ratio-2.31-
Capture Ratio0.541.00