IVES vs. CNEQ ETF Comparison

Comparison of Wedbush ETFMG Global Cloud Technology ETF (IVES) to Alger Concentrated Equity ETF (CNEQ)

IVES

Wedbush ETFMG Global Cloud Technology ETF

IVES Description

The Wedbush ETFMG Global Cloud Technology ETF (IVES) largely holds the “undercover gems” of cloud-based technology. The Fund’s investment objective seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Dan Ives Global Cloud Technology Prime Index. The Dan Ives Global Cloud Technology Prime Index (the “Index”) is an Index of Prime Indexes, a division of Level ETF Ventures LLC. The Index has been created to provide investors with a reference measure that enables them to track both event-driven news and long-term trends of cloud technology companies. The Index is designed to include the securities of companies across the globe engaged in providing infrastructure, equipment, connectivity, data back-up and storage services as well as data center management for enterprise-based software applications. Additionally, the constituents engaged in providing cloud-based software platforms that enable businesses to move data and software applications onto the cloud – cloud-enabling Software as a Service (SaaS) technologies. These companies are known collectively as “Cloud Technology Companies.”

Grade (RS Rating)

Last Trade

$49.21

Average Daily Volume

1,131

Number of Holdings ^*

* may have additional holdings in another (foreign) market

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

$25.60

Average Daily Volume

4,472

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	IVES	CNEQ
30 Days	7.17%	5.83%
60 Days	5.41%	12.02%
90 Days	7.27%	15.39%
12 Months	43.26%

8 Overlapping Holdings

Symbol	Grade	Weight in IVES	Weight in CNEQ	Overlap
AAPL	C	2.12%	8.58%	2.12%
AMZN	C	2.4%	8.1%	2.4%
AVGO	D	2.14%	3.17%	2.14%
CDNS	B	2.38%	1.9%	1.9%
MSFT	D	2.18%	13.34%	2.18%
MU	D	2.18%	1.27%	1.27%
NVDA	B	2.55%	13.04%	2.55%
VRT	B	2.52%	2.15%	2.15%

IVES Overweight 28 Positions Relative to CNEQ

Symbol	Grade	Weight
TEAM	A	3.08%
CFLT	B	2.89%
MRVL	B	2.71%
GTLB	B	2.56%
APPN	B	2.53%
DELL	B	2.43%
SNPS	B	2.38%
ORCL	A	2.38%
MDB	B	2.36%
SNOW	B	2.35%
GOOGL	C	2.33%
INTC	C	2.29%
CIEN	C	2.28%
HPE	B	2.26%
HPQ	B	2.21%
DDOG	A	2.16%
HCP	B	2.15%
ANET	C	2.14%
JNPR	D	2.13%
NTAP	C	2.1%
QCOM	F	2.08%
WDC	D	2.07%
IBM	C	2.0%
DOCN	C	1.92%
AMD	F	1.8%
BABA	D	1.7%
MPWR	F	1.48%
SMCI	F	1.13%

IVES Underweight 17 Positions Relative to CNEQ

Symbol	Grade	Weight
META	D	-6.47%
HEI	A	-3.71%
TSM	B	-3.59%
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%
CEG	C	-1.76%
NTRA	A	-1.52%
MELI	C	-1.16%
TSLA	B	-1.1%
UNH	B	-0.99%
ASML	F	-0.93%