FRTY vs. QVAL ETF Comparison

Comparison of Alger Mid Cap 40 ETF (FRTY) to ValueShares U.S. Quantitative Value ETF (QVAL)

FRTY

Alger Mid Cap 40 ETF

FRTY Description

The investment seeks long-term capital appreciation. Under normal circumstances, the fund invests at least 80% of its net assets in equity securities of mid-cap companies. Equity securities include common or preferred stocks that are listed on U.S. exchanges. It may invest a significant portion of its assets in the securities of companies conducting business in the information technology and healthcare sectors. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$15.49

Average Daily Volume

11,333

Number of Holdings ^*

* may have additional holdings in another (foreign) market

QVAL

ValueShares U.S. Quantitative Value ETF

QVAL Description

The investment seeks long-term capital appreciation. The fund is an actively managed ETF. Under normal circumstances, it seeks to achieve its investment objective by investing primarily in U.S. equity securities that the Adviser believes, based on quantitative analysis, are undervalued at the time of purchase and have the potential for capital appreciation. The fund will invest at least 80% of its net assets, plus any borrowings for investment purposes, in securities of U.S. companies. It will invest primarily in the exchange-listed common stock of U.S. companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$42.47

Average Daily Volume

23,670

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FRTY	QVAL
30 Days	-1.40%	-5.15%
60 Days	-4.74%	1.02%
90 Days	8.01%	4.06%
12 Months	28.55%	32.96%

0 Overlapping Holdings

	Symbol	Grade	Weight in FRTY	Weight in QVAL	Overlap

FRTY Overweight 38 Positions Relative to QVAL

Symbol	Grade	Weight
VRT	A	5.42%
MANH	F	4.59%
HEI	A	4.28%
SMCI	D	3.97%
FANG	B	3.7%
NTRA	A	3.49%
SHAK	B	3.49%
DKNG	C	3.13%
BURL	D	2.99%
APPF	B	2.93%
CABA	D	2.86%
TDG	A	2.72%
PCVX	C	2.62%
MU	B	2.5%
MPWR	C	2.42%
CELH	C	2.36%
CRWD	D	2.29%
ELF	D	2.02%
OKTA	C	1.99%
PTC	D	1.96%
DDOG	A	1.87%
PINS	B	1.86%
S	C	1.77%
SNOW	D	1.76%
MELI	C	1.63%
DOCU	A	1.58%
OSCR	A	1.53%
SAIA	F	1.51%
VLTO	A	1.48%
PDFS	F	1.31%
NVR	D	1.31%
MRVL	D	1.24%
IRTC	B	1.23%
TTD	B	1.13%
SRPT	B	1.02%
W	F	0.96%
RRX	D	0.89%
CYTK	D	0.68%

FRTY Underweight 49 Positions Relative to QVAL

Symbol	Grade	Weight
SNX	A	-2.25%
LBRT	B	-2.25%
DAL	A	-2.15%
BG	B	-2.15%
WFRD	B	-2.15%
ELV	A	-2.12%
SIG	D	-2.11%
OMC	A	-2.08%
AMR	D	-2.08%
CRC	D	-2.07%
ARCH	D	-2.07%
ARW	B	-2.06%
INSW	A	-2.05%
CCK	B	-2.05%
MUSA	B	-2.05%
PSX	D	-2.04%
SM	B	-2.04%
ALSN	D	-2.04%
MO	A	-2.02%
OC	A	-2.02%
HAL	D	-2.02%
AGCO	D	-2.02%
SKX	A	-2.0%
T	B	-2.0%
VLO	B	-2.0%
TPH	A	-1.99%
TEX	D	-1.99%
CSCO	D	-1.98%
IPG	F	-1.98%
UTHR	A	-1.98%
THC	A	-1.95%
PHM	B	-1.95%
UFPI	D	-1.94%
CEIX	F	-1.94%
GPK	D	-1.93%
CMCSA	F	-1.92%
SNA	D	-1.9%
CVI	F	-1.9%
CTSH	D	-1.9%
LEA	F	-1.9%
TOL	B	-1.9%
HPQ	D	-1.9%
APA	F	-1.89%
TMHC	C	-1.88%
BBY	D	-1.86%
DHI	D	-1.84%
MOH	F	-1.81%
CROX	D	-1.8%
CRI	F	-1.79%