IWY vs. CNEQ ETF Comparison

Comparison of iShares Russell Top 200 Growth ETF (IWY) to Alger Concentrated Equity ETF (CNEQ)

IWY

iShares Russell Top 200 Growth ETF

IWY Description

The investment seeks to track the investment results of an index composed of large-capitalization U.S. equities that exhibit growth characteristics. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the Russell Top 200 Growth Index (the "underlying index"), which is a style factor weighted index that measures the performance of the largest capitalization growth sector of the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$228.35

Average Daily Volume

252,508

Number of Holdings ^*

104

* 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

$25.60

Average Daily Volume

4,472

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	IWY	CNEQ
30 Days	1.58%	5.83%
60 Days	4.76%	12.02%
90 Days	6.13%	15.39%
12 Months	35.71%

15 Overlapping Holdings

Symbol	Grade	Weight in IWY	Weight in CNEQ	Overlap
AAPL	C	12.86%	8.58%	8.58%
AMZN	C	7.41%	8.1%	7.41%
AVGO	D	2.95%	3.17%	2.95%
CDNS	B	0.31%	1.9%	0.31%
CEG	C	0.04%	1.76%	0.04%
GOOG	C	3.37%	1.98%	1.98%
ISRG	A	0.73%	2.19%	0.73%
LLY	F	2.35%	2.28%	2.28%
META	D	4.78%	6.47%	4.78%
MSFT	D	12.14%	13.34%	12.14%
NFLX	A	1.39%	2.0%	1.39%
NVDA	B	13.07%	13.04%	13.04%
TSLA	B	3.51%	1.1%	1.1%
UNH	B	0.15%	0.99%	0.15%
V	A	1.92%	2.15%	1.92%

IWY Overweight 89 Positions Relative to CNEQ

Symbol	Grade	Weight
GOOGL	C	3.99%
MA	B	1.7%
COST	A	1.58%
HD	B	1.27%
ORCL	A	1.13%
CRM	B	1.02%
MRK	D	0.96%
ADBE	C	0.88%
NOW	A	0.82%
INTU	B	0.74%
PEP	F	0.68%
QCOM	F	0.66%
BKNG	A	0.63%
UBER	F	0.58%
AMD	F	0.56%
KO	D	0.54%
AMAT	F	0.51%
PGR	A	0.5%
ABBV	F	0.5%
BX	A	0.5%
AMGN	F	0.47%
PANW	B	0.47%
ADP	A	0.45%
ANET	C	0.38%
LRCX	F	0.36%
AMT	C	0.36%
PG	C	0.35%
SBUX	A	0.34%
WM	B	0.34%
KLAC	F	0.33%
TJX	A	0.32%
SHW	B	0.32%
SNPS	B	0.31%
CMG	B	0.31%
CRWD	B	0.3%
MCO	B	0.29%
CTAS	B	0.28%
UNP	C	0.27%
ZTS	D	0.26%
APO	B	0.25%
ADSK	A	0.25%
ORLY	B	0.25%
VRTX	D	0.24%
AXP	A	0.24%
ABNB	C	0.23%
WDAY	B	0.22%
NKE	F	0.22%
ECL	D	0.21%
GS	A	0.2%
DASH	B	0.2%
FTNT	C	0.19%
APH	A	0.19%
AZO	C	0.19%
CPRT	B	0.18%
SNOW	B	0.16%
GE	D	0.16%
SYK	B	0.16%
CL	D	0.16%
TEAM	A	0.15%
MSI	B	0.15%
FI	A	0.15%
LULU	C	0.15%
LMT	D	0.14%
MCK	A	0.13%
MNST	C	0.12%
ITW	B	0.12%
TT	A	0.12%
KKR	A	0.11%
CAT	B	0.1%
TXN	C	0.09%
HON	C	0.09%
KMB	C	0.07%
ELV	F	0.06%
MMC	B	0.06%
BA	F	0.06%
HCA	F	0.06%
SCHW	B	0.05%
MMM	D	0.05%
MCD	D	0.05%
TDG	D	0.05%
MS	A	0.04%
REGN	F	0.03%
EW	C	0.03%
PSA	C	0.03%
CI	D	0.03%
EQIX	A	0.02%
EL	F	0.02%
DELL	B	0.02%
MRVL	B	0.02%

IWY Underweight 10 Positions Relative to CNEQ

Symbol	Grade	Weight
HEI	A	-3.71%
TSM	B	-3.59%
APP	B	-3.29%
DHR	F	-2.35%
VRT	B	-2.15%
SPGI	C	-2.14%
NTRA	A	-1.52%
MU	D	-1.27%
MELI	C	-1.16%
ASML	F	-0.93%