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INVN ETF · Alger Russell Innovation ETF
The INVN Exchange Traded Fund (ETF) is provided by Fred Alger Management. It is built to track an index: Alger Russell Innovation Index. The INVN ETF provides physical exposure, so by buying it you actually own parts of all the 49 underlying holdings. This share class generates a stream of income by distributing dividends.
Last update Yesterday at 1:30 PM UTC
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This fund is part ofUS Large Cap1M perf.-3.62%
Last price
$18.75
1M perf.
-2.47%
1M flows
N/A
AuM
€9.6M
E/R
0.95%
Rating
Not rated
ESG Consensus®
INVN
$18.75
Performance & flows
Segment for quartile rank
December 11, 2025 → March 11, 2026
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INVN
$19.17
-12.94%
US Large Cap
-1.60%
Historic performance and flows
| 1M | 3M | 1Y | 3Y | 5Y | MTD | QTD | YTD | ||
|---|---|---|---|---|---|---|---|---|---|
| Perf. | -2.47%  | -12.94%  | +4.98% | N/A | N/A | -1.30% | -11.53% | -11.53% | |
| Flows |
Key fund info
Segment for quartile rank
This ETF's jurisdiction country is not in your region (Europe and Middle East) ·
Main characteristics
Issuer
CUSIP
015564602
ISIN
US0155646021
AuM
€9.6M
E/R
0.95%
Replication rating
Not rated
ESG Consensus®
More details
NAV
3/11/2026
$19.15
1D NAV change
-0.31%
Dividend policy
Replication method
Direct (Physical)
Replication model
Full replication
No. of holdings
49
Inception date
1/6/2025
Jurisdiction
United States
Distribution
United States
Legal structure
Open-end Investment Company
Base currency
USD
Dividend distribution
Trailing 12-month distr. yield
Distribution frequency
Last distribution
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Classification
Investment strategy
Alger Russell Innovation ETF seeks investment results that, before fees and expenses, closely correspond to the performance of the Alger Russell Innovation Index.
Tax optimisation
PEA
France
UK Reporting Status
United Kingdom
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Risk profile
Segment for quartile rank
Historical risk/return profile
| 3M | 1Y | 3Y | 5Y | |
|---|---|---|---|---|
| Returns | -12.94% | +4.98% | N/A | N/A |
| Volatility | ||||
| Perf./Volatility | ||||
| Max drawdown |
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Synthetic Risk and Reward Indicator (SRRI)
UCITS
N/A
PRIIPS
N/A
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Enterprise
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Learn more about Trackinsight EnterpriseExposure
Countries
USA
85.14%
United Kingdom
4.49%
Indonesia
2.25%
Ireland
2.10%
Brazil
2.01%
Netherlands
1.88%
Unavailable
2.13%
Sectors
Health Care
8.53%
Information Technology
8.24%
Municipal
4.39%
Personal care and household goods
4.29%
Wholesale trade
4.26%
Power
4.26%
Professional services
2.34%
Medical devices
2.22%
Unavailable
46.88%
Other
14.59%
Diversification
Total weight of top 15 holdings out of 49
Top 15 holdings
Data as of January 31, 2026
ENHABIT INC
US68609TLF39
Ferguson, 4.5% 24oct2028, USD
US452252QN29
Brink's Co, 4.625% 15oct2027, USD
Ysleta Independent School District, 5% 15aug2047, USD (2017)
AMDOCS
US587918AE35
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CIPHER MINING INC
US01609WBQ42
Perusahaan Listrik Negara, 3.875% 17jul2029, USD
Bio-Rad Laboratories, 3.3% 15mar2027, USD
Reckitt Benckiser Group, 3% 26jun2027, USD
F&G Annuities & Life, 7.3% 15jan2065, USD
US25849KAH05
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Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
Learn more about Trackinsight EnterpriseSustainability
Integrates ESG criteria
No
SDG
ESG Consensus® by Conser
Data as of December 31, 2025
MethodologyOur partner Conser gathers the industry's consensus on the business practices of the underlying holdings. We have computed the following metrics about INVN ETF's sustainability, based on their methodology.
ESG Consensus®
ESG Consensus® is based on the Final Sustainability Grade, which itself consists of 10 grades. Our partner Conser calculates the exact grade, based on market intelligence, using their proprietary ESG Consensus® methodology.
INVN’s has a Final Sustainability Grade of either B+, B, or B-.
A+
A
A-
B+
B
B-
C+
C
C-
D
This fund’s exact Final Sustainability Grade is available in Trackinsight Enterprise.
Learn more about Trackinsight EnterpriseHoldings review
85.56% of holdings have positive scoring
16.61% of holdings have negative scoring
16.87%
39.17%
29.52%
6.29%
10.32%
Consensus levels
Strong
Medium
Weak
Built for professionals: access exclusive sustainability metrics in Trackinsight Enterprise.
Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
Learn more about Trackinsight EnterpriseReplication
Trackinsight replication rating:
Not rated
Replication quality
Calculated over 12m, as of February 27, 2026
Tracking error
Tracking difference
Replication information
Index
Alger Russell Innovation GTR Index - USD
Index ticker
AR1000I1 Index
Index dividend policy
GTR
Replication method
Replication model
Built for professionals: access exclusive replication metrics in Trackinsight Enterprise.
Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
Learn more about Trackinsight EnterpriseIssuer
Fred Alger Management
Fred Alger Management ID Card
Number of funds
5
Total AuM
€769M
Expense ratio range
0.95% - 1.68%
Average expense ratio
1.292%
Top 5 funds by Fred Alger Management
| AuM | ||
|---|---|---|
CNEQ | Alger Concentrated Equity ETF | €296M |
ALAI | Alger AI Enablers & Adopters ETF | €249M |
FRTY | Alger Mid Cap 40 ETF | €115M |
ATFV | Alger 35 ETF | €101M |
INVN | Alger Russell Innovation ETF | €9.6M |
Frequently asked questions about INVN
What does Alger Russell Innovation ETF, INVN, invest in?
INVN is a Passive ETF. This ETF provides exposure to Equally Weighted Large and Mid-Cap US Equities.
Which benchmark or index does INVN replicate?
INVN tracks the Alger Russell Innovation GTR Index - USD, through a full replication replication method.
What is the Total Expense ratio (TER) of INVN?
INVN carries a total expense ratio (TER) of 0.95%, indicating the annual cost for holding the fund.
When was INVN launched?
INVN was introduced to the market on January 6, 2025. It trades on United States
Who is the ETF issuer of INVN?
Alger Russell Innovation ETF, INVN, is provided by Fred Alger Management. Learn more about Fred Alger Management here.
What is the current assets under management (AUM) of INVN?
INVN oversees €9.6M in assets as of March 11, 2026.
How has INVN performed lately?
Based on data from March 11, 2026, INVN returned -2.47% over the past month, -12.94% over the last three months and -11.53% year-to-date.
What are the latest inflows or outflows for INVN?
As of March 11, 2026, INVN recorded net flows of -€2.2M year-to-date.
Does INVN distribute dividends?
INVN follows a distributing dividend policy, meaning it pays out income to investors. As of March 11, 2026, its 12-month trailing yield was 0.32%.
What are the main country or region exposures of INVN?
As of January 31, 2026, INVN has significant geographic allocations in USA, United Kingdom and Indonesia.
In which sector or theme does INVN invest in?
As of January 31, 2026, INVN focuses largely on Health Care, Information Technology and Municipal.
How many securities does INVN hold and how diversified is it?
As of January 31, 2026, INVN holds 49 positions in its portfolio, with 34.80% of assets concentrated in its top 15 holdings.
What are the main positions in INVN?
As of January 31, 2026, INVN top three holdings include ENHABIT INC, US68609TLF39 and Ferguson, 4.5% 24oct2028, USD.
What is the base currency of INVN?
The base currency of INVN is USD.
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