Morningstar

Alger Russell Innovation ETF INVN

Morningstar Medalist Rating
Medalist Rating as of | See Alger Investment Hub

Morningstar’s Analysis INVN

Will INVN outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable INVN’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the INVN management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of INVN’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Alger Russell Innovation ETF holds a quantitatively derived Neutral Morningstar Medalist Rating. The rating suggests the model does not express a clear expectation of outperformance or underperformance relative to peers over a full market cycle.

by Morningstar Automated Analysis
Rated on Published on

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Portfolio Holdings INVN

More INVN Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 22.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Meta Platforms Inc Class A

2.59 266,416
Communication Services

RingCentral Inc Class A

2.28 234,930
Technology

Qualcomm Inc

2.27 233,257
Technology

Unity Software Inc Ordinary Shares

2.26 233,008
Technology

Nutanix Inc Class A

2.26 232,941
Technology

Docusign Inc

2.26 232,234
Technology

Cirrus Logic Inc

2.25 231,447
Technology

Roblox Corp Ordinary Shares - Class A

2.21 227,212
Communication Services

Elastic NV

2.18 224,313
Technology

Atlassian Corp Class A

2.16 221,815
Technology

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