AlgerThematicDisruptive Tech#26 of 189 by YTD

Alger Russell Innovation ETFINVN

S&P 500 Bucket avg Compare

$26.73+0.8%

+$0.20 · Nov 9 close

Buy

AUM: $11M
Fee: 0.55%
Yield: 0.2%

Bumpy · 1Y: 1.8×S&P
Volume: 641
NAV: $26.87

What's insideAll 52 →

PCOR 2.6%U 2.6%RBLX 2.4%EXEL 2.4%

52-week range4% below the high

$17.75$27.77

Returns	Today	1W	1M	3M	YTD	1Y	3Y	5Y	Max
Total return	+0.8%	−0.6%	+1.7%	+4.0%	+23.5%	+29.1%	—	—	+7.2%
Peer average	+3.0%	+1.1%	−5.1%	−2.6%	+8.2%	+9.3%	+81.9%	+14.2%	—
S&P 500 · VOO	+2.3%	+0.1%	−3.3%	−2.1%	+11.3%	+13.6%	+81.6%	+75.4%	—

INVN in One Breath

INVN Among Disruptive Tech ETFs

YTD

#1HTECROBO Global+29.5%$110M

#2LFSCEmerald+27.8%$125M

#3INVNAlger+23.5%$10.7M

#4BMEDiShares+23.4%$14.9M

#5FMEDFidelity+21.5%$52.7M

#6FDTXFidelity+20.4%$286M

#7KROPGlobal X+15.2%$15.1M

#8IGMiShares+14.4%$10.0B

#9ABOTAbacus+11.1%$4.2M

End-of-day Nov 10, 2026 · 25 Disruptive tech ETFs by YTD

$10,000 in INVN

$10,000 in INVN became

$10,722

In the S&P 500 (VOO)

$12,902

Total return, dividends in · Jan 6, 2025 – Nov 9, 2026 · S&P 500 uses VOO

INVN’s Top Holdings

Today

PCOR2.6%U2.6%RBLX2.4%EXEL2.4%DOCU2.4%CART2.3%GDDY2.3%BIIB2.3%ETSY2.2%PYPL2.2%BILL2.2%KVYO2.2%CCCS2.2%REGN2.2%OLED2.2%DLB2.1%NBIX2.1%SQ2.1%META2.1%DUOL2.1%PFE2.1%CRUS2.1%

PCORProcore Technologies 0.00012.6%U2.6%RBLX2.4%EXEL2.4%DOCU2.4%CART2.3%GDDY2.3%BIIB2.3%ETSY2.2%PYPL2.2%BILL2.2%KVYO2.2%

TechnologyHealthcareCommunication ServicesConsumer CyclicalFinancial Services

Alger INVN · 50 holdings · top 22 shown · tile size = share of the fund · as of Nov 9, 2026

What INVN Holds

Today

Technology64.4%

PCOR 2.6 · U 2.6 · RBLX 2.4 · DOCU 2.4 · CART 2.3 · GDDY 2.3 · BILL 2.2

Healthcare21.7%

EXEL 2.4 · BIIB 2.3 · REGN 2.2 · NBIX 2.1 · PFE 2.1 · MRK 2.0 · JAZZ 2.0

Communication Services8.2%

META 2.1 · PINS 1.8 · TTD 1.8

Consumer Cyclical8.1%

ETSY 2.2 · APTV 1.8 · GNTX 1.8

Financial Services2.2%

PYPL 2.2

Industrials2.1%

[…]

Alger INVN · share of the fund by sector · as of Nov 9, 2026

Procore’s Share of INVN

Today

2.6%

$26 of every $1,000 in INVN is Procore

Procore held by INVN

$278K

Most Procore per dollar

BTAL4.7%

CLOU4.2%

INVN2.6%

WCLD1.8%

Alger INVN · each square = $10 of $1,000 · as of Nov 9, 2026

INVN’s Share of Disruptive Tech ETFs

Today

0.0%

of the $49.5B in 26 Disruptive tech ETFs

INVN$10.7M0.0%

IGV$12.8B25.8%

BAI$11.2B22.7%

23 others$25.5B51.5%

Disruptive tech ETF AUM · Nov 10, 2026

INVN Fee per $100 vs Peers

Today

$0.55a year
per $100

$55 a year on $10,000

MAGS$0.30

IGM$0.37

IGV$0.38

INVN$0.55

BAI$0.65

ARKK$0.75

Expense ratio · Disruptive tech peers · Nov 10, 2026

Inside INVN

50 holdings · as of Nov 9, 2026

INVN

Alger Russell Innovation ETF

Today

Technology64.4%PCOR2.6%U2.6%RBLX2.4%DOCU2.4%CART2.3%GDDY2.3%BILL2.2%KVYO2.2%CCCS2.2%OLED2.2%DLB2.1%SQ2.1%DUOL2.1%CRUS18 more holdings32.7% of the fundHealthcare21.7%EXEL2.4%BIIB2.3%REGNNBIXPFEMRKJAZZINCYBMYBMRNALNYCommunication Services8.2%META2.1%PINSTTDConsumer Cyclical8.1%ETSY2.2%APTVGNTXFinancial Services2.2%PYPLIndustrials2.1%

Technology64.4%PCORU RBLXDOCU26 more holdings49.8% of the fundHealthcare21.7%EXELBIIBREGNNBIXPFEMRK5 moreCommunication Services8.2%METAPINSTTDConsumer Cyclical8.1%ETSYAPTVGNTXPYPL

#	Ticker	Company	Weight ▼
1	PCOR	Procore Technologies 0.0001	2.59%
2	U	Unity Software 0.000005	2.58%
3	RBLX	Roblox 0.0001	2.44%
4	EXEL	Exelixis 0.001	2.43%
5	DOCU	Docusign 0.0001	2.42%
6	CART	Maplebear 0.0001	2.30%
7	GDDY	Godaddy 0.001	2.29%
8	BIIB	Biogen	2.28%
9	ETSY	ETSY 0.001	2.25%
10	PYPL	Paypal Hldgs 0.0001	2.21%

See all 52 holdings ↓

TechnologyHealthcareCommunication ServicesConsumer CyclicalFinancial ServicesIndustrials

Alger INVN · current holdings by weight · as of Nov 9, 2026 · each tile is one holding · top 20 = 45.3%

All INVN Holdings

52 holdings · as of Nov 9, 2026

INVN

INVN’s Holdings

Today

#
1	PCORProcore Technologies 0.0001	Technology	2.59%	$258.56	3,660	$276K
2	UUnity Software 0.000005	Technology	2.58%	$258.00	5,343	$275K
3	RBLXRoblox 0.0001	Technology	2.44%	$244.30	5,284	$261K
4	EXELExelixis 0.001	Healthcare	2.43%	$242.71	3,720	$259K
5	DOCUDocusign 0.0001	Technology	2.42%	$242.37	3,330	$258K
6	CARTMaplebear 0.0001	Technology	2.30%	$230.29	4,225	$246K
7	GDDYGodaddy 0.001	Technology	2.29%	$229.23	2,137	$244K
8	BIIBBiogen	Healthcare	2.28%	$227.78	978	$243K
9	ETSYETSY 0.001	Consumer Cyclical	2.25%	$224.68	2,664	$240K
10	PYPLPaypal Hldgs 0.0001	Financial Services	2.21%	$221.28	3,983	$236K
11	BILLBILL Hldgs 0.00001	Technology	2.19%	$219.46	4,465	$234K
12	KVYOKlaviyo 0.001	Technology	2.19%	$218.99	11K	$234K
13	CCCSCCC Intelligent Solution 0.0001	Technology	2.18%	$218.39	30K	$233K
14	REGNRegeneron Pharmaceuticals 0.001	Healthcare	2.17%	$217.12	256	$232K
15	OLEDUniversal Display 0.01	Technology	2.16%	$215.83	2,606	$230K

Alger INVN · every reported holding · per $10,000 = dollars of each holding in a $10,000 stake · as of Nov 9, 2026

How It Compares

INVN

Alger Russell Innovation ETF’s Peers

YTD


IGV	iSharesRead Desk	0.38%	−4.0%	−7.2%	$12.8B
BAI	iSharesRead Desk	0.65%	+7.9%	+4.1%	$11.2B
IGM	iSharesRead Desk	0.37%	+14.4%	+14.3%	$10.0B
ARKK	ARKRead Desk	0.75%	+2.7%	−2.4%	$7.9B
MAGS	RoundhillRead Desk	0.30%	+4.7%	+5.9%	$5.0B
INVN	AlgerThis fundRead Desk	0.55%	+23.5%	+29.1%	$11M

Disruptive tech peers · YTD and past-year returns · as of Nov 10, 2026 · sorted by AUM

Head to Head

Put INVN head to head with IGV →

IGV vs INVN

YTD

IGViShares · Disruptive techINVNAlger · Disruptive tech

Year to date

−4.0%

+23.5%

INVN wins+27.5 pts

Past year

−7.2%

+29.1%

INVN wins+36.3 pts

Fee

0.38%

0.55%

IGV winslower fee

Yield

0.0%

0.2%

INVN wins+0.2 pts

AUM

$12.8B

$10.7M

IGV1186.7× more

3–1INVN wins

iShares IGV and Alger INVN · year-to-date · as of Nov 10, 2026 · AUM not scored

Disruptive Tech vs Thematic

Average · YTD

IGV

−4.0%

INVN

+23.5%

Thematic average

+6.9%

IGV, INVN and the average thematic ETF · YTD return · as of Nov 10, 2026

INVN vs VOO

YTD

INVN · Alger Russell Innovation

+23.5%

VOO · S&P 500

+11.3%

Gap

12.2 pts

Alger INVN and Vanguard VOO · YTD total return · as of Nov 10, 2026

INVN vs Its Peer Average

YTD

INVNAvsBPeer average

1D+0.8%+3.0%

1M+1.7%−5.1%

3M+4.0%−2.6%

YTD+23.5%+8.2%

1Y+29.1%+9.3%

3Y[…]+81.9%

5Y[…]+14.2%

4–1INVN wins

25 Disruptive tech peers · each row scaled to its leader

How Bumpy Is INVN?

View

INVN

How Bumpy

1.8×the S&P 500’s swings

CalmerBumpierS&P 1×INVN

Calm rank among 7 disruptive tech funds#2

Other disruptive tech funds1.6× to 3.5×

Alger INVN · daily swings over the past year vs the S&P 500

INVN

Worst Drop

−20.4%from its Jan 7 high

Still below the high−3.4%

$10,000 at the high is now$9,660

Alger INVN · fall from the highest close, past year

INVN

On a Bad Day

0.9×the S&P 500’s fall

INVN’s worst day: Tuesday, Feb 3

INVN

−4.7%

S&P 500

−0.8%

Up days52 of every 100

S&P 500 up days52 of every 100

Alger INVN · average move on days the S&P 500 fell

INVN

Return for the Bumps

1Y#1 of 7 disruptive tech funds

#1INVNAlger

most for the bumps

#2IGMiShares

#3MAGSRoundhill

calmest ride

#4BAIiShares

less than cash

#5ARKKARK

lost money

#6IGViShares

lost money

#7ARKFARK

lost money

Ranked by return above cash for each unit of bumpiness (Sharpe ratio) · cash = 3.8%

INVN

Cost

Today

$55a year per $10,000

MAGS

$30

IGM

$37

IGV

$38

INVN

$55

BAI

$65

ARKK

$75

ARKF

$75

Expense ratio 0.55%, taken from the fund’s value

INVN

Volatility & Beta

25.2%annual volatility

S&P 500 volatility13.7%

Downside volatility16.3%

Beta vs SPY0.80

Correlation vs SPY0.44

Lowest beta of 7 disruptive tech fundsINVN

Daily total returns × √252 · past 254 trading days

INVN

Max Drawdown

−20.4%peak to trough

Peak closeJan 7, 2026

Current drawdown−3.4%

Worst day−4.72% · Feb 3

Closing prices, dividends in

INVN

Up / Down Capture

92%down capture vs SPY

Down days

92%

Up days

112%

S&P 500

100%

Up ÷ down capture1.21

Up days52.4% (S&P 52.4%)

Average daily move on SPY up days and down days

INVN

Sharpe & Sortino vs Peers

Fund	Sharpe	Sortino	Volatility	Max DD	Beta	Fee / $10k
INVN	1.03	1.59	25.2%	−20.4%	0.80	$55
IGM	0.35	0.49	27.0%	−19.8%	1.75	$37
MAGS	0.03	0.04	22.6%	−17.5%	1.39	$30
BAI	−0.05	−0.07	47.7%	−40.0%	2.70	$65
ARKK	−0.24	−0.34	38.5%	−25.3%	2.21	$75
IGV	−0.40	−0.57	32.9%	−33.3%	1.21	$38
ARKF	−0.68	−0.92	34.7%	−32.9%	1.85	$75

Sharpe = (return − 3.8% cash) ÷ volatility · Sortino uses downside volatility only

INVN

Trading

Today

−0.52%below its holdings’ value

Close$26.73

NAV$26.87

Fee per $10,000$55 a year

Avg. volume 30D2K shares

Premium / discount history starts once daily NAV is saved

Close vs net asset value, Nov 9

The Details

INVN

Fund Facts

Today

2025launched Jan 6

Tracks[…]

Exchange · CUSIPAMEX · 015564602

StructureETF

Leverage1x

Cost on $10,000$55 a year

Go deeper

Prospectus & documents Trading & liquidity Fees & costs Distributions

Alger INVN · fund facts · as of Nov 10, 2026

INVN

Payouts by Year

$0.0620per share, Dec 2025

Distribution yield0.2%

Paid[…]

Latest ex-date · paidDec 18 · Dec 31, 2025

1 payouts added up$0.0620 a share

Alger INVN · distributions by ex-date · 2025–2025

All Fund FactsDocuments · trading · fees · every payout

Prospectus & Documents

SEC reported portfolio · 2026-06-30 ↗SEC reported portfolio · 2026-03-31 ↗summary prospectus · SEC 497K ↗SEC reported portfolio · 2025-12-31 ↗SEC reported portfolio · 2025-09-30 ↗SEC reported portfolio · 2025-06-30 ↗SEC reported portfolio · 2025-03-31 ↗summary prospectus · SEC 497K ↗prospectus · SEC 485BPOS ↗prospectus · SEC 485APOS ↗

Trading & Liquidity

Net asset value$26.87

Premium / discount[…]

Median spread · 30D[…]

Volume today641

Average volume · 30D2K

Shares outstanding[…]

Options[…]

Fees & Costs

Net expense ratio0.55%

Gross expense ratio[…]

Management fee[…]

Cost on $10,000 a year$55.00

Our risk indicator4/5

Estimated yearly cost excludes trading costs and assumes constant assets.

Distributions

Ex-date	Paid	Per share
Dec 18, 2025	Dec 31, 2025	$0.0620

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