CARK vs. ALAI ETF Comparison

Comparison of The Advisors? Inner Circle Fund II CastleArk Large Growth ETF (CARK) to Alger AI Enablers & Adopters ETF (ALAI)

CARK

The Advisors? Inner Circle Fund II CastleArk Large Growth ETF

CARK Description

The fund is an actively managed exchange-traded Fund ("ETF"). Under normal circumstances, the fund invests at least 80% of its net assets, plus borrowings for investment purposes, in common stock of large-capitalization companies. The fund may also invest up to 20% of its net assets, plus borrowings for investment purposes, in common stock of mid-capitalization companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$39.48

Average Daily Volume

177

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

$25.45

Average Daily Volume

10,132

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	CARK	ALAI
30 Days	-0.33%	5.83%
60 Days	1.94%	11.52%
90 Days	2.37%	16.03%
12 Months

11 Overlapping Holdings

Symbol	Grade	Weight in CARK	Weight in ALAI	Overlap
AAPL	C	8.53%	11.09%	8.53%
ADBE	F	0.81%	1.2%	0.81%
AMZN	B	7.62%	8.81%	7.62%
ISRG	A	3.07%	1.4%	1.4%
META	C	4.69%	6.72%	4.69%
MSFT	D	11.72%	11.86%	11.72%
NFLX	A	3.05%	1.34%	1.34%
NOW	B	4.1%	0.68%	0.68%
NVDA	B	13.68%	10.98%	10.98%
TTD	B	2.05%	0.43%	0.43%
UBER	F	1.21%	0.47%	0.47%

CARK Overweight 15 Positions Relative to ALAI

Symbol	Grade	Weight
GOOGL	B	5.83%
MA	A	4.6%
BX	A	4.44%
V	A	3.99%
ANET	C	3.9%
VRTX	C	2.67%
LLY	F	2.28%
FICO	A	2.0%
APO	A	1.95%
SBUX	A	1.45%
HD	A	1.44%
UNP	D	1.36%
SNPS	C	1.16%
AMAT	F	0.79%
LRCX	F	0.6%

CARK Underweight 30 Positions Relative to ALAI

Symbol	Grade	Weight
APP	A	-4.79%
AVGO	C	-4.14%
SPGI	C	-2.88%
TSM	B	-2.57%
GOOG	B	-2.33%
VRT	A	-2.18%
DKNG	B	-1.77%
CEG	D	-1.69%
MELI	D	-1.45%
UNH	B	-1.42%
EQIX	A	-1.34%
NRG	B	-1.02%
AMD	F	-1.01%
SPOT	A	-1.0%
MU	D	-0.88%
ASML	F	-0.81%
SE	B	-0.8%
PINS	F	-0.79%
NTRA	B	-0.74%
TSLA	A	-0.63%
DELL	B	-0.58%
CDNS	B	-0.56%
MRVL	B	-0.48%
DLR	A	-0.45%
WMT	A	-0.31%
PWR	A	-0.28%
NEE	C	-0.27%
SHOP	B	-0.24%
JPM	A	-0.22%
HUBS	B	-0.2%