IVRS vs. ALAI ETF Comparison

Comparison of iShares Future Metaverse Tech and Communications ETF (IVRS) to Alger AI Enablers & Adopters ETF (ALAI)

IVRS

iShares Future Metaverse Tech and Communications ETF

IVRS Description

The underlying index measures the performance of equity securities issued by U.S. and non-U.S. companies that enable the "metaverse" and virtual interactions, as determined by Morningstar or its affiliates. The fund generally will invest at least 80% of its assets in the component securities of its underlying index and in investments that have economic characteristics that are substantially identical to the component securities of its underlying index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$34.68

Average Daily Volume

815

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

$23.24

Average Daily Volume

4,606

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	IVRS	ALAI
30 Days	10.36%	13.59%
60 Days	11.39%	14.65%
90 Days	4.03%	1.48%
12 Months	22.69%

4 Overlapping Holdings

Symbol	Grade	Weight in IVRS	Weight in ALAI	Overlap
AAPL	D	3.8%	7.32%	3.8%
META	B	6.18%	6.36%	6.18%
MSFT	D	2.82%	13.68%	2.82%
NVDA	B	2.71%	11.1%	2.71%

IVRS Overweight 22 Positions Relative to ALAI

Symbol	Grade	Weight
U	D	5.45%
PTC	D	4.51%
ADSK	C	4.43%
ANSS	D	4.28%
EA	D	4.22%
TTWO	D	4.2%
RBLX	D	4.1%
SNPS	F	3.66%
CDNS	D	3.55%
GRMN	D	3.26%
ZM	C	2.08%
GOOGL	C	1.52%
AMD	B	0.38%
CRM	B	0.37%
ADBE	F	0.32%
QCOM	D	0.29%
MU	C	0.19%
INTC	D	0.17%
ANET	A	0.15%
MTCH	B	0.02%
SNAP	D	0.02%
AZPN	A	0.01%

IVRS Underweight 6 Positions Relative to ALAI

Symbol	Grade	Weight
AMZN	C	-10.18%
AVGO	B	-4.07%
APP	A	-3.74%
GOOG	C	-3.41%
NFLX	C	-2.55%
SPGI	C	-2.4%