U
Alger AI Enablers & Adopters Fund Class A AIFAX
NASDAQ
Recommendation
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Fund Information
Fund Type
Category
Prospectus Objective
Inception Date
Open/Closed to New Investors
Minimum Initial Investment
Minimum Subsequent Investment
50
Front End Fee
5
Back End Fee
Asset Allocation
Cash
Stock
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Non U.S. Stock
Bond
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Preferred
Convertible
Other
Services Offered
Systematic Withdrawal Plan, Automatic Investment Plan, Phone Exchange, Wire Redemption, Retirement Investment
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Performance
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Company Information
Provider
Alger
Manager/Tenure
(Years)
Patrick Kelly (1)
Address
Alger
New York NY - 10010
Country
United States
Phone Number
800-992-3863
Investment Strategy
The investment seeks long-term capital appreciation. Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of companies of any market capitalization that the advisor believes will benefit from artificial intelligence (“AI”), demonstrate promising growth potential, and are companies where AI can play a material role in potentially driving stock price performance over the next twelve to thirty-six months. The fund is non-diversified.