What this ETF is trying to do

The ALGER 35 ETF (ATFV) is a fund that holds a variety of companies. Based on its top holdings, it focuses heavily on technology and growth companies. As of October 7, 2026, its top holdings include NVIDIA Corp (12.8%), Nebius Group NV (7.24%), and Microsoft Corp (6.2%). Because the holdings list is partial, these represent only the largest companies in the fund.

What the numbers show

The current price of the ETF is $40.95. To understand how it has performed, we look at two different types of returns:

• Price Return: This measures only the change in the share price. The one-year price return is 13.90%. The year-to-date (YTD) price return is 17.43%. Over three years, the price return is 183.15%.

• Total Return: This reflects the overall return, including distributions. The one-year total return is 14.13%, and the three-year total return is 184.22%.

For a simple example, if you had invested $10,000 based on the estimated price from roughly one year ago ($35.95), the price-only growth would have increased that amount by 13.90%.

Income and distribution explanation

This ETF provides cash distributions to investors, but they happen irregularly. In the last 12 months, there was only one payout. The distribution yield is 0.17%.

It is important for beginners to know that a distribution yield is not the same as a total return. While distributions provide cash income, they do not guarantee that the original investment value will stay the same.

NAV erosion explanation

"NAV erosion" happens when the internal value of a fund's assets drops over time. StockValueFinder uses an erosion-risk score to measure this. ATFV has an erosion score of 100, and the label states "No price erosion detected." Additionally, the severe erosion-risk flag is false, meaning the fund has not triggered a warning for substantial price deterioration.

Pros

• Strong Growth: The fund has shown significant price returns over the last three years.

• Low Erosion Risk: The erosion-risk measurements are currently rated as "good."

• High-Profile Holdings: The fund holds well-known companies like Alphabet, Amazon, and Meta.

Cons

• Low Income: The distribution yield is very low (0.17%).

• Irregular Payouts: Distributions are not paid on a steady schedule.

Beginner takeaway

ATFV is a fund focused on growth rather than high income. While it has seen strong price increases over the last few years, it does not provide a large or regular cash payout. Investors usually care about principal stability to ensure their original investment doesn't disappear, and currently, this fund shows no signs of NAV erosion.