Alger Russell Innovation Index Adjusts Holdings for Third Quarter

The index additions include Adobe Inc., Amdocs Limited, Figma, Inc., Gentex Corporation, Klaviyo, Inc., Merck & Co, Inc., Roblox Corp., Trimble Inc., Block Inc., Zillow Group Inc., and Zscaler Inc. These companies replace eleven others removed during the same cycle, a list that includes Qualcomm Inc., Zoom Communications Inc., and Okta Inc.

Other deletions from the index are Corcept Therapeutics Inc., DoubleVerify Holdings, Inc., Zoominfo Technologies, Inc., Illumina Inc., NetApp Inc., Everpure Inc., and Teradata Corp. Fred Alger Management, a firm with over 60 years of experience in growth-style investing, oversees these adjustments to maintain the index’s focus on evolving market leaders. Investors should note that market participation carries inherent risks, including the potential loss of principal, particularly regarding growth stocks which often exhibit higher volatility.