Alger AI Enablers & Adopters Fund Class Z (AAIZX)

Overview

Under normal circumstances, the fund focuses on investing a significant portion of its assets, specifically at least 80%, plus any funds acquired through borrowing for investment purposes, into the equity securities of companies across various market capitalizations. These companies are selected based on the advisor's belief in their potential to benefit significantly from artificial intelligence (AI). The selection criteria emphasize companies that not only demonstrate promising growth potential but are also at a stage where AI technology can materially influence their stock price performance in the midterm, approximately over the next twelve to thirty-six months. It is important to note that the fund operates with a non-diversified status, implying a concentrated investment strategy in the AI domain.

Products and Services

• Equity Investments in AI-Driven Companies

  This product targets equity securities of companies leveraging AI technologies. These firms are chosen based on their potential for significant growth and the expected material impact of AI on their stock performance in the near to mid-term. The aim is to benefit from advancements in AI that drive economic value, making these investments suitable for those looking to capitalize on tech-driven market dynamics.

• Mid to Long-Term Investment Horizon

  Focusing on a timeline of twelve to thirty-six months, this service caters to investors with a medium to long-term outlook. It underscores the fund’s strategy of identifying and investing in companies where AI application will likely result in substantial stock price appreciation over this period. This approach is tailored for investors seeking to exploit the growth trajectory of AI technologies in the evolving market landscape.

• Non-Diversified Fund Structure

  As a non-diversified fund, this investment strategy pools resources into a narrower selection of investments compared to diversified funds. This focus intensifies the potential for significant returns from a select group of AI-centric companies, albeit with a corresponding increase in risk due to the concentrated nature of investments. It is designed for investors who are willing to accept higher volatility for the potential of higher rewards from the AI market segment.