NBDS vs. CNEQ ETF Comparison

Comparison of Neuberger Berman Disrupters ETF (NBDS) to Alger Concentrated Equity ETF (CNEQ)

NBDS

Neuberger Berman Disrupters ETF

NBDS Description

Neuberger Berman Disrupters ETF is an exchange traded fund launched and managed by Neuberger Berman Investment Advisers LLC. It invests in public equity markets of global region. The fund invests in stocks of companies operating across information technology, healthcare, communication services, and consumer discretionary sectors. It invests in growth and value stocks of companies across diversified market capitalization. It invests in stocks of companies that are deemed socially conscious in their business dealings and directly promote environmental responsibility. It employs fundamental analysis with bottom-up stock picking approach to create its portfolio. Neuberger Berman Disrupters ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$30.98

Average Daily Volume

2,825

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

$25.51

Average Daily Volume

3,734

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	NBDS	CNEQ
30 Days	1.81%	6.39%
60 Days	3.10%	11.26%
90 Days	4.20%	15.00%
12 Months	30.82%

9 Overlapping Holdings

Symbol	Grade	Weight in NBDS	Weight in CNEQ	Overlap
AMZN	C	4.67%	8.1%	4.67%
ASML	F	2.95%	0.93%	0.93%
CEG	D	3.64%	1.76%	1.76%
HEI	B	3.17%	3.71%	3.17%
ISRG	A	5.6%	2.19%	2.19%
LLY	F	1.93%	2.28%	1.93%
MSFT	F	2.91%	13.34%	2.91%
NVDA	C	12.0%	13.04%	12.0%
TSLA	B	1.95%	1.1%	1.1%

NBDS Overweight 15 Positions Relative to CNEQ

Symbol	Grade	Weight
SPOT	B	5.68%
TW	A	5.22%
DKNG	B	4.49%
NOW	A	4.31%
TTD	B	4.05%
INTU	C	3.99%
TDG	D	3.73%
PANW	C	3.55%
AMD	F	3.17%
ONTO	D	3.09%
RDDT	B	2.9%
UBER	D	2.85%
MDB	C	2.18%
MPWR	F	2.11%
PCOR	B	1.86%

NBDS Underweight 16 Positions Relative to CNEQ

Symbol	Grade	Weight
AAPL	C	-8.58%
META	D	-6.47%
TSM	B	-3.59%
APP	B	-3.29%
AVGO	D	-3.17%
DHR	F	-2.35%
VRT	B	-2.15%
V	A	-2.15%
SPGI	C	-2.14%
NFLX	A	-2.0%
GOOG	C	-1.98%
CDNS	B	-1.9%
NTRA	B	-1.52%
MU	D	-1.27%
MELI	D	-1.16%
UNH	C	-0.99%