ALAI ETF — Alger AI Enablers & Adopters ETF

Alger AI Enablers & Adopters ETF (ALAI)

ALAI is an ETF. As of September 4, 2026, its trailing-12-month yield is 1.19%, its expense ratio is 0.58%. Dividend Vision Distribution Safety Score™ is 50/100 (Caution). Total return is 129.5% over the past 2.4 years, 76.3 points ahead of SPY at 53.2%.

Alger AI Enablers & Adopters ETF is an actively managed equity fund investing in companies positioned to benefit from artificial intelligence technologies across the AI value chain, seeking those with promising growth potential where AI can materially drive stock performance over the next one to three years. The fund has a modest current distribution rate, does not pay regular distributions, and carries an expense ratio of 0.58%. It appeals to growth-oriented investors seeking exposure to the artificial intelligence sector rather than those prioritizing current income.

ALAI performance versus SPY

Data as of September 4, 2026.

Total return is 129.5% over the past 2.4 years, 76.3 points ahead of SPY at 53.2%. Its deepest 1-year drawdown was 19.5%.

ALAI key facts

Data as of September 4, 2026.

Distribution Safety Score™

50 · Caution

Issuer

Alger

Asset type

ETF

Asset class

Equity

Inception date

04/04/2024

Expense ratio

0.58%

Distribution frequency

Annual

Trailing yield

1.19%

Last close

$45.58

NAV

$44.20

Premium / discount

3.12% premium

AUM

$1,076,172,414

Average volume

78146.0

Last dividend

$0.541

Last ex-dividend date

12/18/2025

Last payment date

12/31/2025

Beta

1.6781

P/E ratio

28.983

How Dividend Vision calculates yield and returns

Distribution rate (the posted rate) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (1.19%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. We show a 30-day SEC yield when the fund publishes one. Schwab and other issuers may report a TTM distribution yield or SEC yield on a different date — all can be valid; they are not interchangeable. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss. Figures below use Dividend Vision data as of September 4, 2026.

Distribution rate methodology · Distribution Safety Score methodology · SEC yield

Sources and review

Data as of September 4, 2026.

Primary sources: Alger or company page; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

ALAI risks and drawbacks

Payments are annual, so cash flow is lumpy versus a monthly fund. The deepest 1-year drawdown on record here is 19.5%.

Who may consider ALAI — and who may not

It is a weaker fit for investors who need monthly cash flow (ALAI pays annual); investors hunting double-digit covered-call yields. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

More securities from Alger.