BAI vs. ALAI ETF Comparison

Comparison of iShares A.I. Innovation and Tech Active ETF (BAI) to Alger AI Enablers & Adopters ETF (ALAI)

BAI

iShares A.I. Innovation and Tech Active ETF

BAI Description

Under normal market conditions, the fund invests at least 80% of its net assets plus any borrowings for investment purposes in equity securities issued by U.S. and non-U.S. artificial intelligence ("A.I.") companies, technology companies and technology-related companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$26.56

Average Daily Volume

48,808

Number of Holdings ^*

* may have additional holdings in another (foreign) market

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

$26.28

Average Daily Volume

10,491

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	BAI	ALAI
30 Days	5.84%	8.80%
60 Days		13.57%
90 Days		21.49%
12 Months

14 Overlapping Holdings

Symbol	Grade	Weight in BAI	Weight in ALAI	Overlap
AMZN	B	3.62%	8.81%	3.62%
APP	B	1.35%	4.79%	1.35%
ASML	F	1.33%	0.81%	0.81%
AVGO	D	4.43%	4.14%	4.14%
CDNS	B	3.4%	0.56%	0.56%
CEG	C	1.71%	1.69%	1.69%
META	D	6.7%	6.72%	6.7%
MSFT	C	6.72%	11.86%	6.72%
MU	D	1.71%	0.88%	0.88%
NOW	A	3.2%	0.68%	0.68%
NVDA	C	9.34%	10.98%	9.34%
TSLA	B	3.01%	0.63%	0.63%
TSM	D	3.62%	2.57%	2.57%
VRT	B	2.36%	2.18%	2.18%

BAI Overweight 15 Positions Relative to ALAI

Symbol	Grade	Weight
ORCL	B	3.68%
RDDT	C	3.25%
COHR	C	3.04%
GOOGL	C	2.72%
SAP	B	2.45%
PSTG	D	2.13%
SNOW	C	2.08%
CYBR	A	2.07%
NET	B	2.05%
DDOG	B	2.04%
IOT	B	2.03%
MDB	C	1.97%
ANET	C	1.85%
ARM	D	1.69%
TEAM	B	1.62%

BAI Underweight 27 Positions Relative to ALAI

Symbol	Grade	Weight
AAPL	A	-11.09%
SPGI	B	-2.88%
GOOG	C	-2.33%
DKNG	C	-1.77%
MELI	C	-1.45%
UNH	B	-1.42%
ISRG	B	-1.4%
EQIX	A	-1.34%
NFLX	B	-1.34%
ADBE	C	-1.2%
NRG	B	-1.02%
AMD	F	-1.01%
SPOT	B	-1.0%
SE	B	-0.8%
PINS	D	-0.79%
NTRA	B	-0.74%
DELL	C	-0.58%
MRVL	B	-0.48%
UBER	D	-0.47%
DLR	A	-0.45%
TTD	B	-0.43%
WMT	A	-0.31%
PWR	A	-0.28%
NEE	D	-0.27%
SHOP	B	-0.24%
JPM	B	-0.22%
HUBS	B	-0.2%