Alger AI Enablers & Adopters Fund Class A (AIFAX)

Overview

The described fund focuses on investing predominantly in equity securities of companies that are significantly involved in or poised to benefit from advancements in artificial intelligence (AI). With a strategic emphasis on companies across any market capitalization, the fund aims to identify those with promising growth potential where AI technologies can significantly influence their stock price performance within a mid-term horizon, approximately twelve to thirty-six months. The investment strategy underscores a commitment to leveraging AI's transformative power to generate returns, with the fund allocating at least 80% of its net assets (plus any borrowings intended for investment purposes) towards such equity securities. Operating as a non-diverse fund, its portfolio strategy centers on concentrating investments in this high-potential sector, aiming to capitalize on the emergent technological enhancements and innovations driving the future of businesses and industries globally.

Products and Services

The fund offers a focused investment vehicle with services and features outlined below:

• AI-Driven Equity Investments

This product involves the fund directing the majority of its investments into equities of companies that are either currently leveraging AI technology or are positioned to benefit significantly from its adoption. The selection process is driven by a qualitative assessment of each company's growth potential and the expected impact of AI on its market value in the medium term.

• Mid-term Investment Horizon

Targeting a twelve to thirty-six month investment period, the fund caters to investors seeking growth opportunities that are likely to unfold as companies develop, adopt, and integrate AI technologies into their operations, products, and services. This strategy is tuned to capture the incremental value generated by AI advancements over this specific timeframe.

• Non-Diversified Portfolio Strategy

By focusing primarily on a specific technology sector, namely AI, the fund adopts a non-diversified approach. This concentration allows for a potentially higher impact from successful investments but also involves increased risk stemming from a less diversified asset allocation. It appeals to investors who are willing to embrace higher volatility for the prospect of substantial returns linked to the AI revolution.