INVN ETF — Alger Russell Innovation ETF

Alger Russell Innovation ETF (INVN)

Updated October 16, 2026.

INVN is an ETF. its trailing-12-month yield is 0.24%, its expense ratio is 0.55%. Total return is 31.2% over the past 1.8 years, 1.0 points behind SPY at 32.2%.

Alger Russell Innovation ETF is an exchange-traded fund that tracks an index of U.S. equity securities identified as innovative companies with unrecognized market potential developing or benefitting from new products, services, technologies, or advancements, investing at least 80% of its net assets in these holdings. The fund does not maintain a regular distribution schedule, though special distributions may occur. It carries an expense ratio of 0.55% and is suitable for growth-oriented investors seeking exposure to innovation-focused equities.

INVN performance versus SPY

Price and return data through 2026-10-16.

Total return is 31.2% over the past 1.8 years, 1.0 points behind SPY at 32.2%. Over the past year its total return — price change plus distributions reinvested — is 28.2%. Its deepest 1-year drawdown was 20.4%.

INVN key facts

Issuer

Alger

Asset type

ETF

Asset class

Equity

Inception date

01/06/2025

Expense ratio

0.55%

Trailing yield

0.24%

Last close

$26.25 (as of 2026-10-16)

AUM

$10,822,799

Average volume

1279.0

Dividend

$0.062

Ex-dividend date

12/18/2025

Payment date

12/31/2025

Beta

0.9194

How Dividend Vision calculates yield and returns

Distribution rate (the posted rate) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (0.24%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. 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.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Alger; 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.

INVN risks and drawbacks

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 20.4%.

Who may consider INVN — and who may not

It is a weaker fit for investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on INVN

• All tickers starting with I

Frequently asked questions

More securities from Alger.