SUPP vs. CNEQ ETF Comparison

Comparison of Engine No. 1 ETF Trust Engine No. 1 Transform Supply Chain ETF (SUPP) to Alger Concentrated Equity ETF (CNEQ)

SUPP

Engine No. 1 ETF Trust Engine No. 1 Transform Supply Chain ETF

SUPP Description

The fund is an actively managed exchange-traded fund ("ETF") that invests in U.S.-listed equity, ADR securities, and non-U.S. developed and emerging market-listed securities, which over time may vary as market and investment opportunities change. The fund may also enter into currency-related spot transactions when it transacts in equities denominated in foreign currencies or invest in certain derivative instruments, such as currency futures or forwards that will help the adviser manage risk associated with foreign currency exposure, if any, or futures contracts. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$65.14

Average Daily Volume

1,587

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

$22.79

Average Daily Volume

7,099

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SUPP	CNEQ
30 Days	1.23%	3.76%
60 Days	4.14%	12.33%
90 Days	0.49%	0.80%
12 Months	33.22%

2 Overlapping Holdings

	Symbol	Grade	Weight in SUPP	Weight in CNEQ	Overlap
	GFL	D	5.08%	2.56%	2.56%
	TSM	C	5.36%	3.54%	3.54%

SUPP Overweight 7 Positions Relative to CNEQ

Symbol	Grade	Weight
WCN	D	9.64%
TDG	A	7.79%
WSC	D	6.82%
VMC	D	6.55%
MLM	D	6.44%
FERG	F	5.31%
TT	A	5.2%

SUPP Underweight 8 Positions Relative to CNEQ

Symbol	Grade	Weight
MSFT	C	-14.3%
NVDA	C	-13.14%
AMZN	C	-8.77%
AAPL	C	-7.26%
META	A	-5.75%
HEI	C	-3.41%
APP	B	-2.59%
MU	D	-2.38%

SUPP: Top Represented Industries & Keywords

Industries: Building Materials Waste Management Aerospace & Defense Industrial Distribution Rental & Leasing Services Semiconductors Specialty Industrial Machinery