Alger Russell Innovation ETF

Frequently Asked Questions About INVN

What does INVN invest in?

Under normal circumstances, the Alger Russell Innovation ETF commits a significant portion of its capital – specifically, at least 80% of its net assets, plus any borrowings for investment purposes – to the securities comprising its underlying index. This index itself is composed of U.S. equity securities selected by its manager based on a unique criterion: identifying pioneering American companies that the market has not yet fully recognized or appreciated. These are businesses actively developing, or otherwise benefitting from, novel products, services, technologies, or other significant advancements.

What is the expense ratio of INVN?

Alger Russell Innovation ETF (INVN) charges an expense ratio of 0.55%. This is the annual fee deducted from fund assets to cover management and operations.

How big is INVN?

Alger Russell Innovation ETF (INVN) manages $9.2M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is INVN actively managed or an index fund?

INVN's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was INVN launched?

Alger Russell Innovation ETF (INVN) launched in January 2025 and is managed by Alger.

How has INVN performed?

INVN's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.