FLCG vs. ALAI ETF Comparison

Comparison of Federated Hermes MDT Large Cap Growth ETF (FLCG) to Alger AI Enablers & Adopters ETF (ALAI)

FLCG

Federated Hermes MDT Large Cap Growth ETF

FLCG Description

The fund seeks to achieve its objective by investing primarily in the common stock of large-sized U.S. companies. It will invest its assets so that at least 80% of its net assets (plus any borrowings for investment purposes) are invested in a mix of large-cap investments and growth investments. The fund manager actively trades its portfolio securities in an attempt to achieve its investment objective.

Grade (RS Rating)

Last Trade

$28.37

Average Daily Volume

2,140

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

$26.10

Average Daily Volume

10,268

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FLCG	ALAI
30 Days	5.26%	9.25%
60 Days	7.03%	13.38%
90 Days	10.75%	18.43%
12 Months

16 Overlapping Holdings

Symbol	Grade	Weight in FLCG	Weight in ALAI	Overlap
AAPL	C	11.09%	11.09%	11.09%
ADBE	C	0.95%	1.2%	0.95%
AMZN	C	5.58%	8.81%	5.58%
APP	B	1.31%	4.79%	1.31%
AVGO	D	0.32%	4.14%	0.32%
DELL	C	0.69%	0.58%	0.58%
HUBS	A	0.21%	0.2%	0.2%
META	D	4.06%	6.72%	4.06%
MSFT	F	9.63%	11.86%	9.63%
NFLX	A	0.61%	1.34%	0.61%
NOW	A	0.9%	0.68%	0.68%
NVDA	C	9.38%	10.98%	9.38%
SPOT	B	2.34%	1.0%	1.0%
TSLA	B	1.07%	0.63%	0.63%
UBER	D	0.14%	0.47%	0.14%
VRT	B	0.9%	2.18%	0.9%

FLCG Overweight 77 Positions Relative to ALAI

Symbol	Grade	Weight
GOOGL	C	6.78%
AMP	A	2.67%
GDDY	A	2.61%
COST	B	2.4%
QCOM	F	2.36%
VLTO	D	2.17%
ANET	C	2.13%
FTNT	C	1.86%
NTNX	A	1.65%
AMAT	F	1.39%
ABBV	D	1.29%
WING	D	1.15%
MA	C	1.14%
LLY	F	1.12%
SN	D	1.04%
ALSN	B	0.93%
ORCL	B	0.89%
PAYC	B	0.8%
COR	B	0.8%
RCL	A	0.77%
DASH	A	0.76%
AMGN	D	0.71%
EBAY	D	0.7%
KMB	D	0.69%
DDOG	A	0.64%
PGR	A	0.64%
ORLY	B	0.63%
CRM	B	0.55%
MRK	F	0.52%
PPG	F	0.49%
ILMN	D	0.49%
ZM	B	0.47%
TJX	A	0.39%
INCY	C	0.38%
INTU	C	0.35%
PEGA	A	0.33%
VRTX	F	0.32%
RYAN	B	0.31%
MUSA	A	0.29%
STNE	F	0.27%
WU	D	0.26%
ZTS	D	0.25%
CI	F	0.25%
PANW	C	0.22%
TT	A	0.2%
LYV	A	0.19%
MSCI	C	0.18%
AZO	C	0.13%
REGN	F	0.12%
CVNA	B	0.11%
ALGN	D	0.1%
ZI	D	0.1%
AYI	B	0.09%
GTLB	B	0.09%
CAH	B	0.08%
MCO	B	0.07%
GEHC	F	0.07%
ELV	F	0.07%
ADSK	A	0.07%
DPZ	C	0.06%
BAX	D	0.06%
FMC	D	0.06%
ADP	B	0.05%
LRCX	F	0.04%
NTAP	C	0.04%
KLAC	D	0.04%
PAYX	C	0.04%
ALLY	C	0.04%
NCLH	B	0.04%
ULTA	F	0.03%
DUOL	A	0.02%
PEP	F	0.01%
ALNY	D	0.01%
PSTG	D	0.01%
CMG	B	0.0%
ABNB	C	0.0%
PLTR	B	0.0%

FLCG Underweight 25 Positions Relative to ALAI

Symbol	Grade	Weight
SPGI	C	-2.88%
TSM	B	-2.57%
GOOG	C	-2.33%
DKNG	B	-1.77%
CEG	D	-1.69%
MELI	D	-1.45%
UNH	C	-1.42%
ISRG	A	-1.4%
EQIX	A	-1.34%
NRG	B	-1.02%
AMD	F	-1.01%
MU	D	-0.88%
ASML	F	-0.81%
SE	B	-0.8%
PINS	D	-0.79%
NTRA	B	-0.74%
CDNS	B	-0.56%
MRVL	B	-0.48%
DLR	B	-0.45%
TTD	B	-0.43%
WMT	A	-0.31%
PWR	A	-0.28%
NEE	D	-0.27%
SHOP	B	-0.24%
JPM	A	-0.22%