QOWZ vs. ALAI ETF Comparison

Comparison of Invesco Nasdaq Free Cash Flow Achievers ETF (QOWZ) to Alger AI Enablers & Adopters ETF (ALAI)

QOWZ

Invesco Nasdaq Free Cash Flow Achievers ETF

QOWZ Description

The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index. Strictly in accordance with its guidelines and mandated procedures, Nasdaq, Inc. compiles, maintains and calculates the underlying index, which is designed to track the performance of U.S.-listed companies with continuous and stable growth in free cash flow. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$34.32

Average Daily Volume

2,108

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

$26.16

Average Daily Volume

10,280

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	QOWZ	ALAI
30 Days	3.80%	7.65%
60 Days	7.72%	14.09%
90 Days	8.56%	18.70%
12 Months

7 Overlapping Holdings

Symbol	Grade	Weight in QOWZ	Weight in ALAI	Overlap
ADBE	C	2.95%	1.2%	1.2%
AVGO	D	5.52%	4.14%	4.14%
CDNS	B	2.11%	0.56%	0.56%
META	D	6.8%	6.72%	6.72%
NOW	A	3.38%	0.68%	0.68%
NVDA	B	11.22%	10.98%	10.98%
UNH	B	4.62%	1.42%	1.42%

QOWZ Overweight 43 Positions Relative to ALAI

Symbol	Grade	Weight
MA	B	4.45%
CRM	B	4.24%
INTU	B	3.05%
TMO	F	2.73%
ADP	A	2.55%
FTNT	C	2.24%
CTAS	B	2.22%
MAR	A	2.22%
COF	C	2.16%
APH	A	2.12%
FICO	B	2.04%
KMI	A	2.0%
RSG	A	1.85%
KLAC	F	1.83%
ROP	B	1.78%
PAYX	B	1.78%
FAST	B	1.78%
WBD	B	1.27%
MCHP	F	1.26%
TDY	B	1.25%
NVR	D	1.22%
PTC	B	1.22%
ROL	B	1.21%
WST	C	1.21%
MTD	F	1.16%
OC	A	1.09%
MANH	D	1.08%
MKC	C	1.06%
VRSN	C	1.05%
AYI	B	0.96%
POOL	C	0.94%
RMBS	B	0.75%
BECN	B	0.74%
QLYS	B	0.73%
THO	B	0.67%
WTS	B	0.66%
LFUS	D	0.64%
CVCO	A	0.59%
PRGS	A	0.54%
TTGT	B	0.33%
RDUS	B	0.28%
SLP	D	0.24%
DLHC	F	0.11%

QOWZ Underweight 34 Positions Relative to ALAI

Symbol	Grade	Weight
MSFT	D	-11.86%
AAPL	C	-11.09%
AMZN	C	-8.81%
APP	B	-4.79%
SPGI	C	-2.88%
TSM	B	-2.57%
GOOG	C	-2.33%
VRT	B	-2.18%
DKNG	B	-1.77%
CEG	C	-1.69%
MELI	C	-1.45%
ISRG	A	-1.4%
EQIX	A	-1.34%
NFLX	A	-1.34%
NRG	B	-1.02%
AMD	F	-1.01%
SPOT	B	-1.0%
MU	D	-0.88%
ASML	F	-0.81%
SE	A	-0.8%
PINS	F	-0.79%
NTRA	A	-0.74%
TSLA	B	-0.63%
DELL	B	-0.58%
MRVL	B	-0.48%
UBER	F	-0.47%
DLR	B	-0.45%
TTD	B	-0.43%
WMT	A	-0.31%
PWR	A	-0.28%
NEE	C	-0.27%
SHOP	B	-0.24%
JPM	A	-0.22%
HUBS	A	-0.2%