CNEQ vs. BAI ETF Comparison

Comparison of Alger Concentrated Equity ETF (CNEQ) to iShares A.I. Innovation and Tech Active ETF (BAI)

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

$25.51

Average Daily Volume

3,734

Number of Holdings ^*

* may have additional holdings in another (foreign) market

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

$26.65

Average Daily Volume

50,551

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	CNEQ	BAI
30 Days	6.39%	8.42%
60 Days	11.26%
90 Days	15.00%
12 Months

12 Overlapping Holdings

Symbol	Grade	Weight in CNEQ	Weight in BAI	Overlap
AMZN	C	8.1%	3.7%	3.7%
ASML	F	0.93%	1.35%	0.93%
AVGO	D	3.17%	4.74%	3.17%
CDNS	B	1.9%	3.31%	1.9%
CEG	D	1.76%	1.65%	1.65%
META	D	6.47%	6.88%	6.47%
MSFT	F	13.34%	6.81%	6.81%
MU	D	1.27%	1.79%	1.27%
NVDA	C	13.04%	9.43%	9.43%
TSLA	B	1.1%	2.87%	1.1%
TSM	B	3.59%	3.66%	3.59%
VRT	B	2.15%	2.11%	2.11%

CNEQ Overweight 13 Positions Relative to BAI

Symbol	Grade	Weight
AAPL	C	8.58%
HEI	B	3.71%
APP	B	3.29%
DHR	F	2.35%
LLY	F	2.28%
ISRG	A	2.19%
V	A	2.15%
SPGI	C	2.14%
NFLX	A	2.0%
GOOG	C	1.98%
NTRA	B	1.52%
MELI	D	1.16%
UNH	C	0.99%

CNEQ Underweight 18 Positions Relative to BAI

Symbol	Grade	Weight
ORCL	B	-3.63%
NOW	A	-3.26%
COHR	B	-3.04%
RDDT	B	-3.02%
GOOGL	C	-2.79%
SAP	B	-2.43%
PSTG	D	-2.13%
MDB	C	-2.02%
IOT	A	-2.01%
SNOW	C	-2.01%
PSN	D	-2.01%
CYBR	B	-1.95%
NET	B	-1.92%
ANET	C	-1.9%
DDOG	A	-1.84%
ARM	D	-1.76%
TEAM	A	-1.51%
MPWR	F	-1.39%