ALAI vs. KOOL ETF Comparison

Comparison of Alger AI Enablers & Adopters ETF (ALAI) to North Shore Equity Rotation ETF (KOOL)

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

KOOL

North Shore Equity Rotation ETF

KOOL Description

KOOL aims to outperform the S&P 500 by dynamically allocating a global equity portfolio. The strategy aims to favor sectors historically known for strong performance across the business cycle phases: recession, recovery, expansion, and slowdown. It involves economic indicators and market trends, including current and forward-looking metrics to pinpoint these stages. This approach is reviewed monthly to ensure the portfolio remains aligned with changing economic conditions and market dynamics. Portfolio selection blends fundamental and technical analysis, along with top-down macroeconomic insights and industry trends such as GDP, employment, consumer spending, and inflation. To add, it also utilizes both buy- and sell-side research to finalize the composition. Up to 20% of the assets may comprise fixed-income securities and option contracts to generate income and manage risks. Moreover, it boosts income through securities lending and transaction fee collection. Investments may include ETFs.

Grade (RS Rating)

Last Trade

$11.25

Average Daily Volume

6,769

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	ALAI	KOOL
30 Days	9.25%	3.24%
60 Days	13.38%	4.82%
90 Days	18.43%	5.37%
12 Months

7 Overlapping Holdings

Symbol	Grade	Weight in ALAI	Weight in KOOL	Overlap
AAPL	C	11.09%	4.26%	4.26%
AMZN	C	8.81%	4.35%	4.35%
META	D	6.72%	0.31%	0.31%
MSFT	F	11.86%	3.98%	3.98%
NVDA	C	10.98%	4.74%	4.74%
PINS	D	0.79%	1.54%	0.79%
PWR	A	0.28%	0.25%	0.25%

ALAI Overweight 34 Positions Relative to KOOL

Symbol	Grade	Weight
APP	B	4.79%
AVGO	D	4.14%
SPGI	C	2.88%
TSM	B	2.57%
GOOG	C	2.33%
VRT	B	2.18%
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%
NRG	B	1.02%
AMD	F	1.01%
SPOT	B	1.0%
MU	D	0.88%
ASML	F	0.81%
SE	B	0.8%
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%
NEE	D	0.27%
SHOP	B	0.24%
JPM	A	0.22%
HUBS	A	0.2%

ALAI Underweight 11 Positions Relative to KOOL

Symbol	Grade	Weight
GOOGL	C	-3.98%
SRE	A	-3.89%
AMGN	D	-2.89%
MYRG	B	-2.21%
XLC	A	-2.2%
CAG	D	-1.98%
MTH	D	-1.89%
XLRE	C	-1.76%
TPG	A	-1.63%
BRK.A	B	-1.06%
VMC	B	-1.02%