ALAI vs. HELO ETF Comparison

Comparison of Alger AI Enablers & Adopters ETF (ALAI) to JPMorgan Hedged Equity Laddered Overlay ETF (HELO)

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

$22.82

Average Daily Volume

4,432

Number of Holdings ^*

* may have additional holdings in another (foreign) market

HELO

JPMorgan Hedged Equity Laddered Overlay ETF

HELO Description

The fund seeks to provide capital appreciation through participation in the broad equity markets while hedging overall market exposure relative to traditional long-only equity strategies. Under normal circumstances, it invests at least 80% of its assets in equity securities. The fund uses an enhanced index strategy to invest in equity securities similar to those in the S&P 500 Index, which primarily consist of common stocks of large capitalization U.S. companies.

Grade (RS Rating)

Last Trade

$60.70

Average Daily Volume

298,589

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	ALAI	HELO
30 Days	4.04%	1.59%
60 Days	6.17%	3.25%
90 Days	3.40%	4.09%
12 Months

6 Overlapping Holdings

Symbol	Grade	Weight in ALAI	Weight in HELO	Overlap
AAPL	C	7.32%	7.29%	7.29%
AMZN	C	10.18%	3.96%	3.96%
GOOG	D	3.41%	1.55%	1.55%
META	B	6.36%	2.81%	2.81%
MSFT	C	13.68%	7.27%	7.27%
NVDA	D	11.1%	6.66%	6.66%

ALAI Overweight 4 Positions Relative to HELO

Symbol	Grade	Weight
AVGO	C	4.07%
APP	C	3.74%
NFLX	B	2.55%
SPGI	B	2.4%

ALAI Underweight 4 Positions Relative to HELO

Symbol	Grade	Weight
GOOGL	D	-2.03%
MA	B	-1.67%
UNH	C	-1.67%
XOM	C	-1.49%