JMID vs. ALAI ETF Comparison

Comparison of Janus Henderson Mid Cap Growth Alpha ETF (JMID) to Alger AI Enablers & Adopters ETF (ALAI)

JMID

Janus Henderson Mid Cap Growth Alpha ETF

JMID Description

JMID is designed to capitalize on mid-cap growth opportunities within the US market. The portfolio is constructed using a proprietary quantitative model that integrates fundamental research. Security selection focuses on identifying stocks expected to outperform, based on an analysis of various combinations and weightings. The objective is to generate alpha, or returns above the benchmark index, by analyzing key growth factors. Additionally, it employs portfolio optimization techniques to maintain alignment with the benchmark's risk profile. The fund may engage in active and frequent trading.

Grade (RS Rating)

Last Trade

$29.47

Average Daily Volume

2,902

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

$26.10

Average Daily Volume

10,268

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	JMID	ALAI
30 Days	13.00%	9.25%
60 Days	15.60%	13.38%
90 Days		18.43%
12 Months

3 Overlapping Holdings

Symbol	Grade	Weight in JMID	Weight in ALAI	Overlap
APP	B	3.36%	4.79%	3.36%
NRG	B	1.29%	1.02%	1.02%
VRT	B	2.12%	2.18%	2.12%

JMID Overweight 75 Positions Relative to ALAI

Symbol	Grade	Weight
PLTR	B	3.96%
AMP	A	3.08%
GWW	B	2.97%
COR	B	2.74%
IT	C	2.72%
CPAY	A	2.55%
ALL	A	2.4%
EME	C	2.37%
GDDY	A	2.35%
NU	C	2.16%
FAST	B	2.15%
NTAP	C	2.08%
ARES	A	2.06%
EXPE	B	1.98%
SPG	B	1.86%
COIN	C	1.84%
FIX	A	1.81%
CLX	B	1.73%
BR	A	1.7%
MANH	D	1.69%
POOL	C	1.66%
CSL	C	1.6%
VEEV	C	1.59%
VRSK	A	1.49%
LNG	B	1.46%
DECK	A	1.35%
EXP	A	1.34%
TPL	A	1.34%
DOCU	A	1.26%
JBL	B	1.2%
LAMR	D	1.2%
DVA	B	1.17%
LPX	B	1.03%
ALNY	D	1.02%
DXCM	D	1.01%
WAT	B	1.01%
BLDR	D	1.01%
ZBRA	B	0.99%
DT	C	0.98%
UI	A	0.95%
TPX	B	0.91%
PODD	C	0.89%
RBLX	C	0.89%
PEGA	A	0.88%
EXEL	B	0.87%
VLTO	D	0.87%
WSM	B	0.81%
PCTY	B	0.78%
SYY	B	0.76%
RMD	C	0.75%
TDC	D	0.74%
HRB	D	0.74%
NTNX	A	0.73%
MDB	C	0.71%
BSY	D	0.66%
GNRC	B	0.63%
KNSL	B	0.54%
NXST	C	0.52%
HWM	A	0.52%
MEDP	D	0.52%
PAYC	B	0.48%
CACC	D	0.48%
PPC	C	0.48%
XP	F	0.47%
DOCS	C	0.44%
APPF	B	0.43%
LOPE	B	0.41%
TTEK	F	0.4%
CVNA	B	0.38%
RNG	B	0.38%
CROX	D	0.37%
ENPH	F	0.32%
CELH	F	0.28%
FTRE	D	0.24%
TKO	B	0.18%

JMID Underweight 38 Positions Relative to ALAI

Symbol	Grade	Weight
MSFT	F	-11.86%
AAPL	C	-11.09%
NVDA	C	-10.98%
AMZN	C	-8.81%
META	D	-6.72%
AVGO	D	-4.14%
SPGI	C	-2.88%
TSM	B	-2.57%
GOOG	C	-2.33%
DKNG	B	-1.77%
CEG	D	-1.69%
MELI	D	-1.45%
UNH	C	-1.42%
ISRG	A	-1.4%
EQIX	A	-1.34%
NFLX	A	-1.34%
ADBE	C	-1.2%
AMD	F	-1.01%
SPOT	B	-1.0%
MU	D	-0.88%
ASML	F	-0.81%
SE	B	-0.8%
PINS	D	-0.79%
NTRA	B	-0.74%
NOW	A	-0.68%
TSLA	B	-0.63%
DELL	C	-0.58%
CDNS	B	-0.56%
MRVL	B	-0.48%
UBER	D	-0.47%
DLR	B	-0.45%
TTD	B	-0.43%
WMT	A	-0.31%
PWR	A	-0.28%
NEE	D	-0.27%
SHOP	B	-0.24%
JPM	A	-0.22%
HUBS	A	-0.2%