ALAI vs. CNEQ ETF Comparison
Comparison of Alger AI Enablers & Adopters ETF (ALAI) to Alger Concentrated Equity ETF (CNEQ)
ALAI
Alger AI Enablers & Adopters ETF
ALAI Description
ALAI focuses on equity securities of firms benefiting from artificial intelligence (AI), targeting both AI Enablersthose developing components for and investing in AI infrastructureand AI Adoptersthose integrating AI to enhance their operations. The fund manager employs fundamental research to select securities, considering factors like revenue, resources devoted to AI, and market share estimates. This process assesses a firms involvement with AI and its potential impact on stock performance in the next one to three years. Additionally, ALAI actively seeks companies experiencing Positive Dynamic Change, or those demonstrating high unit volume growth or significant lifecycle shifts. Investments span all market capitalizations, with at least 25% in AI-related industries like technology, retail, and media. The fund may also include foreign securities and hold cash or equivalents during market volatility or when awaiting investment opportunities. ALAI aims to identify firms at the forefront of AI adoption, striving for sustainable long-term growth.
Grade (RS Rating)
Last Trade
$26.07
Average Daily Volume
10,280
41
CNEQ
Alger Concentrated Equity ETF
CNEQ Description
CNEQ is actively managed, investing in large-cap companies on U.S. exchanges that have a promising growth potential. At least 25% of the total assets go into related industries like software and technology hardware, semiconductors, IT services, electronic devices, retail and communication industries. The fund may invest more than 25% of total assets get invested in a single industry. A significant portion may be dedicated to enterprises within a sector, like Information Technology and Communication Services. The portfolio generally comprises no more than 30 holdings, often selling when a stock reaches its target price. The Fund also invests in cash and cash equivalents during market volatility or in the absence of viable long-term investment options. This cash holding is not expected to exceed 15% of net assets.Grade (RS Rating)
Last Trade
$25.43
Average Daily Volume
4,472
25
Performance
| Period | ALAI | CNEQ |
|---|---|---|
| 30 Days | 7.65% | 5.83% |
| 60 Days | 14.09% | 12.02% |
| 90 Days | 18.70% | 15.39% |
| 12 Months |
21 Overlapping Holdings
| Symbol | Grade | Weight in ALAI | Weight in CNEQ | Overlap | |
|---|---|---|---|---|---|
| AAPL | C | 11.09% | 8.58% | 8.58% | |
| AMZN | C | 8.81% | 8.1% | 8.1% | |
| APP | B | 4.79% | 3.29% | 3.29% | |
| ASML | F | 0.81% | 0.93% | 0.81% | |
| AVGO | D | 4.14% | 3.17% | 3.17% | |
| CDNS | B | 0.56% | 1.9% | 0.56% | |
| CEG | C | 1.69% | 1.76% | 1.69% | |
| GOOG | C | 2.33% | 1.98% | 1.98% | |
| ISRG | A | 1.4% | 2.19% | 1.4% | |
| MELI | C | 1.45% | 1.16% | 1.16% | |
| META | D | 6.72% | 6.47% | 6.47% | |
| MSFT | D | 11.86% | 13.34% | 11.86% | |
| MU | D | 0.88% | 1.27% | 0.88% | |
| NFLX | A | 1.34% | 2.0% | 1.34% | |
| NTRA | A | 0.74% | 1.52% | 0.74% | |
| NVDA | B | 10.98% | 13.04% | 10.98% | |
| SPGI | C | 2.88% | 2.14% | 2.14% | |
| TSLA | B | 0.63% | 1.1% | 0.63% | |
| TSM | B | 2.57% | 3.59% | 2.57% | |
| UNH | B | 1.42% | 0.99% | 0.99% | |
| VRT | B | 2.18% | 2.15% | 2.15% |
ALAI Overweight 20 Positions Relative to CNEQ
ALAI: Top Represented Industries & Keywords
CNEQ: Top Represented Industries & Keywords
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