Alger Russell Innovation Index Adjusts Holdings for Third Quarter

The index additions include Alnylam Pharmaceuticals, Aptiv, Chime Financial, Meta Platforms, Universal Display, Qualcomm, and Zoom Communications. These entries replace seven outgoing firms: Dynatrace, Expedia Group, Paycom Software, Zebra Technologies, Zillow Group, Zscaler, and Skyworks Solutions.

Headquartered in New York, the privately held firm has maintained its investment philosophy for over six decades. While these adjustments alter the index composition, the manager cautions that growth-style equity investments remain subject to higher volatility and market sensitivity than broader market benchmarks.