FRTY vs. CNEQ ETF Comparison

Comparison of Alger Mid Cap 40 ETF (FRTY) to Alger Concentrated Equity ETF (CNEQ)

FRTY

Alger Mid Cap 40 ETF

FRTY Description

The investment seeks long-term capital appreciation. Under normal circumstances, the fund invests at least 80% of its net assets in equity securities of mid-cap companies. Equity securities include common or preferred stocks that are listed on U.S. exchanges. It may invest a significant portion of its assets in the securities of companies conducting business in the information technology and healthcare sectors. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$17.40

Average Daily Volume

36,279

Number of Holdings ^*

* may have additional holdings in another (foreign) market

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

$23.28

Average Daily Volume

6,397

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FRTY	CNEQ
30 Days	10.84%	10.32%
60 Days	15.55%	18.69%
90 Days	6.01%	2.13%
12 Months	45.50%

3 Overlapping Holdings

Symbol	Grade	Weight in FRTY	Weight in CNEQ	Overlap
APP	A	2.49%	2.59%	2.49%
HEI	C	5.05%	3.41%	3.41%
MU	D	2.56%	2.38%	2.38%

FRTY Overweight 35 Positions Relative to CNEQ

Symbol	Grade	Weight
VRT	B	4.23%
NTRA	A	3.61%
TDG	A	3.06%
SPOT	C	2.98%
CEG	A	2.65%
DKNG	C	2.6%
RGEN	F	2.54%
FANG	D	2.54%
VLTO	A	2.52%
BURL	C	2.5%
PSTG	F	2.47%
NCNO	F	2.42%
PLTR	A	2.41%
MPWR	B	2.32%
SHAK	A	2.29%
PODD	C	2.26%
MANH	A	2.25%
FIX	A	2.12%
RBLX	D	2.07%
ARES	A	2.07%
FICO	C	2.05%
AZEK	D	1.99%
GTES	C	1.94%
SRPT	F	1.91%
S	C	1.82%
PCVX	C	1.76%
TECH	D	1.72%
DDOG	B	1.54%
MSCI	B	1.48%
ONON	A	1.4%
ILMN	B	1.33%
PIPR	A	1.17%
COIN	F	0.95%
DELL	C	0.77%
OWL	A	0.49%

FRTY Underweight 7 Positions Relative to CNEQ

Symbol	Grade	Weight
MSFT	D	-14.3%
NVDA	B	-13.14%
AMZN	C	-8.77%
AAPL	C	-7.26%
META	A	-5.75%
TSM	B	-3.54%
GFL	C	-2.56%