AUM $186.1MER 0.55%NAV $35.71Holdings —Inception Apr 2024
Price Chart
Key Statistics
Previous Close
$32.36Day Range
$31.75$32.24
52-Week Range
$20.31$36.98
Avg Volume
396.6KDividend Yield
0.55%Expense Ratio
0.55%AUM
$186.1MShares Outstanding
2.6METF Grades
?ETF Grades compare this fund against others in the same category using percentile rankings across six factors. Grades range from A+ (top 5%) to F (bottom 20%). Updated daily.Sector Breakdown
| Sector | Weight % |
|---|---|
| Technology | 47.41% |
| Communication Services | 16.80% |
| Consumer Cyclical | 14.10% |
| Utilities | 6.56% |
| Industrials | 6.10% |
| Healthcare | 4.28% |
| Cash & Others | 3.14% |
| Financial Services | 1.61% |
Country Allocation
| Country | Weight % |
|---|---|
| United States | 81.84% |
| Netherlands | 5.53% |
| Taiwan | 4.57% |
| Singapore | 2.69% |
| Canada | 2.56% |
| Italy | 1.05% |
| Luxembourg | 0.98% |
| Uruguay | 0.66% |
| Other | 0.12% |
Fund Information
- Issuer
- Alger
- Category
- Technology
- Inception Date
- Apr 5, 2024
- Exchange
- NYSE_ARCA
- Description
- The fund invests primarily in the equity securities of large-cap companies that the m9+.anager believes demonstrate promising growth potential. It will invest at least 25% of its total assets in companies focused in the following group of related industries: software, technology hardware storage and peripherals, semiconductors and semiconductor equipment, information technology services, electronic equipment instruments and components, communications equipment, broadline retail and interactive media and services, as classified by third party sources. The fund is non-diversified.
Similar ETFs
The Alger Concentrated Equity ETF (CNEQ) is an exchange-traded fund issued by Alger that launched on Apr 5, 2024. It currently manages $186.1M in assets under management. The fund charges an expense ratio of 0.55%. It falls under the Technology category.
Top 10 holdings represent 64.2% of the fund
| Rank | Symbol | Name | Weight % | Shares | Market Value |
|---|---|---|---|---|---|
| 1 | NVDA | NVIDIA Corporation | 14.21% | 173,445 | $2.64B |
| 2 | MSFT | Microsoft Corporation | 9.89% | 48,018 | $1.84B |
| 3 | AMZN | Amazon.com, Inc. | 7.07% | 69,684 | $1.32B |
| 4 | GOOG | Alphabet Inc. Class C | 5.68% | 41,126 | $1.06B |
| 5 | TSM | Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR | 5.40% | 38,445 | $1.00B |
| 6 | AVGO | Broadcom Inc. | 5.26% | 35,184 | $978.8M |
| 7 | AAPL | Apple Inc. | 4.81% | 41,313 | $895.1M |
| 8 | META | Meta Platforms Inc Class A | 4.11% | 14,342 | $764.8M |
| 9 | APP | AppLovin Corp. Class A | 3.98% | 14,451 | $740.6M |
| 10 | QXO | QXO, Inc. | 3.80% | 374,532 | $707.1M |
| 11 | YNDX | Nebius Group N.V. Class A | 3.79% | 93,787 | $705.3M |
| 12 | TSLA | Tesla, Inc. | 3.71% | 18,876 | $690.4M |
| 13 | — | HEICO Corporation Class A | 2.37% | 20,456 | $441.0M |
| 14 | GFL | GFL Environmental Inc | 2.30% | 123,764 | $428.0M |
| 15 | SE | Sea Limited Sponsored ADR Class A | 2.30% | 37,822 | $428.0M |
Detailed Returns
| Period | Return | ETF |
|---|---|---|
| 1D | -1.73% | |
| 1W | -1.51% | |
| 1M | -4.84% | |
| 3M | -8.70% | |
| 6M | -9.86% | |
| YTD | -8.01% | |
| 1Y | +33.59% | |
| 3Y | +58.12% | |
| 5Y | +58.12% |
Moving Averages
20-Day MA
$32.86
Below 20-Day MA50-Day MA
$33.62
Below 50-Day MA200-Day MA
$32.86
Below 200-Day MAPrice with Moving Averages
Support & Resistance
52-Week High
$36.98
Current Price
$31.80
52-Week Low
$20.31
$20.31$36.98
Current Yield
0.55%
Annual Dividend
$0.2211
Frequency
1x/year
Last Ex-Date
Dec 18, 2025
Dividend History
| Ex-Date | Amount | Pay Date |
|---|---|---|
| Dec 18, 2025 | $0.1800 | Dec 31, 2025 |
| Dec 18, 2024 | $0.0411 | Dec 31, 2024 |
Dividend Payments Over Time
Category Comparison
| Metric | CNEQ | Technology(1406 ETFs) | Semiconductors(43 ETFs) |
|---|---|---|---|
| Fund Info | |||
| Expense Ratio | 0.55% | 0.67% | 1.04% |
| AUM | $186.1M | $6.77B | $4.43B |
| Dividend Yield | 0.55% | 2.89% | 4.57% |
| Avg Volume | 396.6K | 941.9K | 4.8M |
| Holdings | — | 196 | 21 |
| Performance | |||
| 1-Month Return | -3.17% | -2.77% | -3.58% |
| 6-Month Return | -5.68% | +0.67% | +11.01% |
| YTD Return | -5.88% | -1.54% | +1.70% |
| 1-Year Return | +39.12% | +19.45% | +51.82% |
Compare with Another ETF
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