QTUM vs. ALAI ETF Comparison

Comparison of Defiance Quantum ETF (QTUM) to Alger AI Enablers & Adopters ETF (ALAI)

QTUM

Defiance Quantum ETF

QTUM Description

The investment seeks to track the total return performance, before fees and expenses, of the BlueStar Quantum Computing and Machine Learning Index (the "index"). Under normal circumstances, at least 80% of the fund's total assets (exclusive of any collateral held from securities lending) will be invested in the component securities of the index or in depositary receipts representing such component securities. The index consists of a modified equal-weighted portfolio of the stock of companies whose products or services are predominantly tied to the development of quantum computing and machine learning technology. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$68.45

Average Daily Volume

38,983

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	QTUM	ALAI
30 Days	8.84%	9.25%
60 Days	11.51%	13.38%
90 Days	10.08%	18.43%
12 Months	37.45%

8 Overlapping Holdings

Symbol	Grade	Weight in QTUM	Weight in ALAI	Overlap
AMD	F	1.19%	1.01%	1.01%
ASML	F	0.85%	0.81%	0.81%
CDNS	B	1.35%	0.56%	0.56%
MRVL	B	1.69%	0.48%	0.48%
MSFT	F	1.3%	11.86%	1.3%
MU	D	0.97%	0.88%	0.88%
NVDA	C	1.61%	10.98%	1.61%
TSM	B	1.5%	2.57%	1.5%

QTUM Overweight 42 Positions Relative to ALAI

Symbol	Grade	Weight
MSTR	C	4.52%
QBTS	B	2.48%
COHR	B	2.03%
RGTI	C	2.03%
RDNT	B	1.84%
IBM	C	1.75%
ACN	C	1.73%
WIT	A	1.7%
LMT	D	1.61%
NOC	D	1.59%
BABA	D	1.54%
NOK	D	1.54%
RTX	C	1.54%
HON	B	1.5%
HPE	B	1.4%
JNPR	F	1.39%
TXN	C	1.38%
GOOGL	C	1.37%
ABBV	D	1.32%
BAH	F	1.31%
SNPS	B	1.27%
BIDU	F	1.27%
TDC	D	1.23%
ON	D	1.22%
ADI	D	1.22%
NVEC	C	1.18%
CRUS	D	1.12%
LSCC	D	1.11%
MKSI	C	1.1%
NXPI	D	1.08%
INTC	D	1.08%
ESTC	C	1.07%
SYNA	C	1.05%
KLAC	D	1.03%
ONTO	D	1.0%
QCOM	F	0.99%
AMAT	F	0.99%
FORM	D	0.96%
TER	D	0.96%
MCHP	D	0.95%
LRCX	F	0.93%
STM	F	0.75%

QTUM Underweight 33 Positions Relative to ALAI

Symbol	Grade	Weight
AAPL	C	-11.09%
AMZN	C	-8.81%
META	D	-6.72%
APP	B	-4.79%
AVGO	D	-4.14%
SPGI	C	-2.88%
GOOG	C	-2.33%
VRT	B	-2.18%
DKNG	B	-1.77%
CEG	D	-1.69%
MELI	D	-1.45%
UNH	C	-1.42%
ISRG	A	-1.4%
EQIX	A	-1.34%
NFLX	A	-1.34%
ADBE	C	-1.2%
NRG	B	-1.02%
SPOT	B	-1.0%
SE	B	-0.8%
PINS	D	-0.79%
NTRA	B	-0.74%
NOW	A	-0.68%
TSLA	B	-0.63%
DELL	C	-0.58%
UBER	D	-0.47%
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%
HUBS	A	-0.2%