JMID vs. CNEQ ETF Comparison

Comparison of Janus Henderson Mid Cap Growth Alpha ETF (JMID) to Alger Concentrated Equity ETF (CNEQ)

JMID

Janus Henderson Mid Cap Growth Alpha ETF

JMID Description

JMID is designed to capitalize on mid-cap growth opportunities within the US market. The portfolio is constructed using a proprietary quantitative model that integrates fundamental research. Security selection focuses on identifying stocks expected to outperform, based on an analysis of various combinations and weightings. The objective is to generate alpha, or returns above the benchmark index, by analyzing key growth factors. Additionally, it employs portfolio optimization techniques to maintain alignment with the benchmark's risk profile. The fund may engage in active and frequent trading.

Grade (RS Rating)

Last Trade

$29.47

Average Daily Volume

2,902

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

$25.51

Average Daily Volume

3,734

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	JMID	CNEQ
30 Days	13.00%	6.39%
60 Days	15.60%	11.26%
90 Days		15.00%
12 Months

2 Overlapping Holdings

	Symbol	Grade	Weight in JMID	Weight in CNEQ	Overlap
	APP	B	3.36%	3.29%	3.29%
	VRT	B	2.12%	2.15%	2.12%

JMID Overweight 76 Positions Relative to CNEQ

Symbol	Grade	Weight
PLTR	B	3.96%
AMP	A	3.08%
GWW	B	2.97%
COR	B	2.74%
IT	C	2.72%
CPAY	A	2.55%
ALL	A	2.4%
EME	C	2.37%
GDDY	A	2.35%
NU	C	2.16%
FAST	B	2.15%
NTAP	C	2.08%
ARES	A	2.06%
EXPE	B	1.98%
SPG	B	1.86%
COIN	C	1.84%
FIX	A	1.81%
CLX	B	1.73%
BR	A	1.7%
MANH	D	1.69%
POOL	C	1.66%
CSL	C	1.6%
VEEV	C	1.59%
VRSK	A	1.49%
LNG	B	1.46%
DECK	A	1.35%
EXP	A	1.34%
TPL	A	1.34%
NRG	B	1.29%
DOCU	A	1.26%
JBL	B	1.2%
LAMR	D	1.2%
DVA	B	1.17%
LPX	B	1.03%
ALNY	D	1.02%
DXCM	D	1.01%
WAT	B	1.01%
BLDR	D	1.01%
ZBRA	B	0.99%
DT	C	0.98%
UI	A	0.95%
TPX	B	0.91%
PODD	C	0.89%
RBLX	C	0.89%
PEGA	A	0.88%
EXEL	B	0.87%
VLTO	D	0.87%
WSM	B	0.81%
PCTY	B	0.78%
SYY	B	0.76%
RMD	C	0.75%
TDC	D	0.74%
HRB	D	0.74%
NTNX	A	0.73%
MDB	C	0.71%
BSY	D	0.66%
GNRC	B	0.63%
KNSL	B	0.54%
NXST	C	0.52%
HWM	A	0.52%
MEDP	D	0.52%
PAYC	B	0.48%
CACC	D	0.48%
PPC	C	0.48%
XP	F	0.47%
DOCS	C	0.44%
APPF	B	0.43%
LOPE	B	0.41%
TTEK	F	0.4%
CVNA	B	0.38%
RNG	B	0.38%
CROX	D	0.37%
ENPH	F	0.32%
CELH	F	0.28%
FTRE	D	0.24%
TKO	B	0.18%

JMID Underweight 23 Positions Relative to CNEQ

Symbol	Grade	Weight
MSFT	F	-13.34%
NVDA	C	-13.04%
AAPL	C	-8.58%
AMZN	C	-8.1%
META	D	-6.47%
HEI	B	-3.71%
TSM	B	-3.59%
AVGO	D	-3.17%
DHR	F	-2.35%
LLY	F	-2.28%
ISRG	A	-2.19%
V	A	-2.15%
SPGI	C	-2.14%
NFLX	A	-2.0%
GOOG	C	-1.98%
CDNS	B	-1.9%
CEG	D	-1.76%
NTRA	B	-1.52%
MU	D	-1.27%
MELI	D	-1.16%
TSLA	B	-1.1%
UNH	C	-0.99%
ASML	F	-0.93%