CNEQ vs. EAGL ETF Comparison

Comparison of Alger Concentrated Equity ETF (CNEQ) to Eagle Capital Select Equity ETF (EAGL)

CNEQ

Alger Concentrated Equity ETF

CNEQ Description

CNEQ is actively managed, investing in large-cap companies on U.S. exchanges that have a promising growth potential. At least 25% of the total assets go into related industries like software and technology hardware, semiconductors, IT services, electronic devices, retail and communication industries. The fund may invest more than 25% of total assets get invested in a single industry. A significant portion may be dedicated to enterprises within a sector, like Information Technology and Communication Services. The portfolio generally comprises no more than 30 holdings, often selling when a stock reaches its target price. The Fund also invests in cash and cash equivalents during market volatility or in the absence of viable long-term investment options. This cash holding is not expected to exceed 15% of net assets.

Grade (RS Rating)

Last Trade

$25.51

Average Daily Volume

3,734

Number of Holdings ^*

* may have additional holdings in another (foreign) market

EAGL

Eagle Capital Select Equity ETF

EAGL Description

EAGL seeks to outperform the US equity markets through a narrow exposure to global value stocks. The actively managed fund generally holds 15-35 stocks assessed based on the advisers estimate of their long-term intrinsic values. The belief is that there is an opportunity to capture excess returns through a longer-term perspective. Thus, several investments of the fund are expected to be made with a five to seven-year holding period. The portfolio is constructed using a fundamental analysis that considers business changes, growth prospects, margins, industry factors, and valuation scenarios over the next 5 to 10 years, which seeks to identify a margin of safety based on valuation discount, resilience, growth opportunities, and strong management. The fund primarily focuses on US stocks and large-cap companies. However, the fund may invest in companies of any size and geographic location, including emerging markets. EAGL launched by converting an SMA with $1.8 billion in assets.

Grade (RS Rating)

Last Trade

$28.56

Average Daily Volume

53,666

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	CNEQ	EAGL
30 Days	6.39%	4.69%
60 Days	11.26%	4.39%
90 Days	15.00%	6.69%
12 Months

7 Overlapping Holdings

Symbol	Grade	Weight in CNEQ	Weight in EAGL	Overlap
AMZN	C	8.1%	7.99%	7.99%
META	D	6.47%	5.55%	5.55%
MSFT	F	13.34%	4.15%	4.15%
NFLX	A	2.0%	1.81%	1.81%
TSM	B	3.59%	3.34%	3.34%
UNH	C	0.99%	4.24%	0.99%
V	A	2.15%	2.31%	2.15%

CNEQ Overweight 18 Positions Relative to EAGL

Symbol	Grade	Weight
NVDA	C	13.04%
AAPL	C	8.58%
HEI	B	3.71%
APP	B	3.29%
AVGO	D	3.17%
DHR	F	2.35%
LLY	F	2.28%
ISRG	A	2.19%
VRT	B	2.15%
SPGI	C	2.14%
GOOG	C	1.98%
CDNS	B	1.9%
CEG	D	1.76%
NTRA	B	1.52%
MU	D	1.27%
MELI	D	1.16%
TSLA	B	1.1%
ASML	F	0.93%

CNEQ Underweight 17 Positions Relative to EAGL

Symbol	Grade	Weight
GOOGL	C	-5.15%
COP	C	-5.11%
AON	A	-4.75%
WDAY	B	-4.19%
COF	B	-3.86%
AER	B	-3.55%
SAP	B	-3.5%
CHTR	C	-3.29%
GEV	B	-2.92%
HUM	C	-2.74%
CMCSA	B	-2.47%
WWD	B	-2.28%
WFC	A	-2.24%
HLT	A	-2.11%
AA	B	-2.09%
ELV	F	-1.95%
OXY	D	-1.5%