CNEQ vs. SEMI ETF Comparison
Comparison of Alger Concentrated Equity ETF (CNEQ) to Columbia Seligman Semiconductor and Technology ETF (SEMI)
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
$22.25
Average Daily Volume
6,210
10
SEMI
Columbia Seligman Semiconductor and Technology ETF
SEMI Description
SEMI is designed to provide exposure to the broad information technology sector by focusing on pure-play companies related to the semiconductor industry. The fund actively and generally invests in 30-50 high-conviction semiconductor or semiconductor-related firms, as defined by GICS, including those under communication equipment, electronic equipment, technology hardware, storage and peripherals, and software. Additionally, the fund requires at least 25% of its assets be invested in companies in the semiconductor and semiconductor equipment industry. Security selection is done through extensive in-depth research. SEMI is a non-transparent ETF and does not provide daily disclosure of its portfolio holdings unlike other ETFs. As such, there is a risk that shares of the fund may trade at wider spreads, especially during periods of volatility. The fund instead publishes a trading basket daily, which provides a preview of selected holdings without disclosing the actual portfolio.Grade (RS Rating)
Last Trade
$24.72
Average Daily Volume
5,699
32
Performance
| Period | CNEQ | SEMI |
|---|---|---|
| 30 Days | 1.72% | -5.16% |
| 60 Days | 3.00% | -9.67% |
| 90 Days | -1.23% | -13.33% |
| 12 Months | 26.15% |
CNEQ Underweight 29 Positions Relative to SEMI
| Symbol | Grade | Weight | |
|---|---|---|---|
| LRCX | F | -7.25% | |
| AVGO | C | -7.15% | |
| ADI | D | -4.75% | |
| AMAT | D | -4.59% | |
| ON | D | -4.5% | |
| KLAC | D | -4.44% | |
| NXPI | F | -4.17% | |
| SMTC | C | -3.99% | |
| MRVL | C | -3.99% | |
| TER | D | -3.42% | |
| QCOM | D | -3.19% | |
| WDC | D | -2.79% | |
| MCHP | D | -2.73% | |
| QRVO | F | -2.59% | |
| INDI | F | -2.39% | |
| BE | F | -2.13% | |
| AEIS | D | -2.05% | |
| SYNA | F | -1.84% | |
| SNPS | D | -1.81% | |
| CDNS | D | -1.59% | |
| SWKS | F | -1.59% | |
| STM | F | -1.57% | |
| INTC | F | -1.3% | |
| KLIC | D | -0.65% | |
| DIOD | F | -0.62% | |
| ICHR | F | -0.54% | |
| MKSI | F | -0.48% | |
| ENTG | D | -0.44% | |
| SGH | F | -0.3% |
CNEQ: Top Represented Industries & Keywords
SEMI: Top Represented Industries & Keywords
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