SOXQ vs. CNEQ ETF Comparison

Comparison of Invesco PHLX Semiconductor ETF (SOXQ) to Alger Concentrated Equity ETF (CNEQ)

SOXQ

Invesco PHLX Semiconductor ETF

SOXQ Description

The investment seeks to track the investment results (before fees and expenses) of the PHLX Semiconductor Sector Index ®. The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index. Strictly in accordance with its guidelines and mandated procedures, Nasdaq compiles the underlying index, which is a modified market-capitalization weighted index designed to measure the performance of the 30 largest companies listed in the United States that are engaged in the semiconductor business, as determined by the index Provider. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$38.73

Average Daily Volume

513,703

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

$22.25

Average Daily Volume

6,210

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SOXQ	CNEQ
30 Days	-5.00%	1.72%
60 Days	-9.55%	3.00%
90 Days	-14.70%	-1.23%
12 Months	42.05%

3 Overlapping Holdings

Symbol	Grade	Weight in SOXQ	Weight in CNEQ	Overlap
MU	F	2.93%	2.38%	2.38%
NVDA	D	13.68%	13.14%	13.14%
TSM	C	4.76%	3.54%	3.54%

SOXQ Overweight 27 Positions Relative to CNEQ

Symbol	Grade	Weight
AVGO	C	12.99%
AMD	D	7.58%
MRVL	C	4.53%
TXN	D	4.21%
KLAC	D	4.05%
MPWR	C	4.02%
ADI	D	3.96%
AMAT	D	3.57%
ASML	D	3.5%
NXPI	F	3.47%
QCOM	D	3.39%
LRCX	F	3.37%
MCHP	D	3.28%
ON	D	2.74%
INTC	F	2.63%
GFS	F	2.03%
TER	D	1.84%
ENTG	D	1.5%
SWKS	F	1.49%
COHR	C	1.07%
QRVO	F	0.93%
AMKR	D	0.68%
LSCC	D	0.55%
RMBS	F	0.39%
ALGM	D	0.38%
ACLS	F	0.3%
WOLF	F	0.09%

SOXQ Underweight 7 Positions Relative to CNEQ

Symbol	Grade	Weight
MSFT	C	-14.3%
AMZN	C	-8.77%
AAPL	D	-7.26%
META	B	-5.75%
HEI	A	-3.41%
APP	B	-2.59%
GFL	C	-2.56%