Summary
Alger Mid Cap 40 ETF is an ETF - a fund traded on an exchange like a stock - run by Alger. Positions inside: 42. The ten largest make up 41% of the fund.
- Yearly costs
- 0.60%
- Fund size
- $129.2M
- Positions
- 42
- Dividend yield
- 0.20%
- Running since
- 2021
What speaks for it
Nothing stands out in its favour.
What to watch
- 95% of the fund is in one country (United States).
- Costs of 0.60% a year are above the middle of comparable funds (0.45%).
- In the last five years its price once dropped by 56% from its high.
- It trades little: only about $454.8K changes hands a day.
A fund has no Bulios Score and no Fair Price of its own - both are computed from the results of a single company. This page shows what is inside the fund and what it costs instead.
Price
Performance
- 1 month
- -10%
- 3 months
- -9.5%
- This year
- +0.1%
- 1 year
- -4.4%
- 3 years
- +74%
- 5 years
- -13%
- Avg. market cap
- $34.9B
- P/E
- 45.8x
- Forward P/E
- 37.0x
- P/S
- 5.8x
- P/B
- 5.8x
- P/FCF
- 28.3x
- EV/EBITDA
- 27.6x
- Dividend yield
- 0.20%
- ROIC
- 0.1%
- ROE
- 3.1%
- Gross margin
- 54.5%
- Operating margin
- -13.3%
- Net margin
- -15.6%
- Payout ratio
- 9.0%
- Net debt/EBITDA
- 6.3x
- Beta
- 1.41
Weighted average of the 39 largest companies, which make up 95% of the fund. Banks and insurers are left out of the gross margin, the ROIC and the EBITDA figures.
What is inside?
Moderately concentrated- 1 FWFormula One Group FWONK 5.8%
- 2 RGRepligen RGEN 5.0%
- 3 SNSynopsys SNPS 4.8%
- 4 TWTwist Bioscience TWST 4.2%
- 5 HEHEICO Corporation HEI-A 4.0%
- 6 DREYFUS TRSY OBLIG CASH MGMT CL INS 3.9%
- 7 NECloudflare NET 3.7%
- 8 BIBiogen BIIB 3.4%
- 9 SNSnowflake SNOW 3.4%
- 10 GHGuardant Health GH 3.3%
Positions in the fund: 42. The ten largest make up 41% of it.
Composition as of Nov 7, 2026.
Where is it spread?
One countryBy sector
- Healthcare 38%
- Technology 33%
- Industrials 14%
- Communication services 6.1%
- Financials 3.8%
- Other 4.6%
By country
- United States 95%
- Israel 2.8%
- Mexico 1.1%
- France 1.0%
By company size
- Large cap 81%
- Mid cap 19%
By the company's market value: Mega cap from $200B, Large cap from $10B, Mid cap from $2B, Small cap from $300M, Micro cap below $300M.
Largest sector: Healthcare (38%). Largest country: United States (95%). Largest size group: Large cap (81%).
What does it cost me?
Expensive- A year from $10,000
- $60.00
- Over 20 years
- $2,873
From every $10,000 invested the fund takes $60.00 a year. You do not pay it separately - it is taken out of the fund's value. Over 20 years at 5% yearly growth that adds up to about $2,873.
How has it done?
Losing value- A year on average, 5 years
- -2.6%
- Deepest drop
- -56%
- Yearly volatility
- 29%
Average yearly decline over the last five years: 2.6%. Deepest drop in these years: 56% below the earlier high.
Does it pay dividends?
Yes, it pays out- Yield
- 0.20%
- Payments a year
- 1
- Last payment
- $0.04
Over the last 12 months it paid $0.04 per share, which is 0.20% of today's price. The last payment was $0.04 on Dec 18, 2025.
Is it easy to buy and sell?
It trades little- Traded a day
- $454.8K
- Shares a day
- 22K
On an average day about $454.8K of the fund changes hands.
How expensive are the companies inside?
Rather expensive- P/E of the companies inside
- 45.8
- Average Bulios Score
- 52 out of 100
Weight by Bulios Fair Price
- Undervalued 3.7%
- Fairly valued 15%
- Overvalued 82%
On average the companies inside trade for 45.8 times their yearly profit. By Fair Price, 82% of the rated weight comes out as overvalued.
Counted from its largest companies (39), which make up 95% of the fund. Each company counts by its weight. We use the metrics, the Bulios Score and the Fair Price of the companies themselves.
Similar funds
Funds that hold much of the same. The overlap says how much of their weight they share with this fund.
| Fund | Domicile | Size | 1-year change | Dividends | ||
|---|---|---|---|---|---|---|
FD FDEGX Fidelity Growth Strategies Fund· mutual fund | - | - | $3.47B | -19% | Pays out | 23% |
TW TWHIX American Century Heritage Investor Class· mutual fund | United States | 1.00% | $4.71B | -25% | Pays out | 20% |