Alger Russell Innovation Index Sets Mid-Year Portfolio Shift

The incoming cohort includes Adobe Inc., Doximity, Inc., Amdocs Limited, Gentex Corporation, Meta Platforms Inc., Merck & Co, Inc., Roblox Corp., Trimble Inc., Block Inc., Zillow Group Inc., and Zscaler Inc. These additions replace eleven departing entities, specifically Corcept Therapeutics Inc., DoubleVerify Holdings, Inc., Zoominfo Technologies, Inc., Illumina Inc., NetApp Inc., Okta Inc., Everpure Inc., Qualcomm Inc., Teradata Corp., Twilio Inc., and Zoom Communications Inc.

Headquartered in New York, Fred Alger Management manages the index as part of its broader growth equity strategy. The firm has maintained its investment philosophy for over six decades, prioritizing companies it identifies as undergoing significant positive transformations. Investors are reminded that these index adjustments are not direct recommendations to buy or sell securities, as growth-style investments carry inherent volatility and risks regarding potential capital loss.