SUSL vs. CNEQ ETF Comparison

Comparison of iShares ESG MSCI USA Leaders ETF (SUSL) to Alger Concentrated Equity ETF (CNEQ)

SUSL

iShares ESG MSCI USA Leaders ETF

SUSL Description

The investment seeks to track the investment results of the MSCI Japan Equal Weighted Index (USD) composed of equal weighted Japanese equities. The index is designed to represent an alternative weighting methodology to its market capitalization-weighted parent index, the MSCI Japan Index (the "parent index"). The fund generally will invest at least 90% of its assets in the component securities of the underlying index and in investments that have economic characteristics that are substantially identical to the component securities of the underlying index. It is non-diversified.

Grade (RS Rating)

Last Trade

$105.68

Average Daily Volume

21,900

Number of Holdings ^*

293

* 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	SUSL	CNEQ
30 Days	2.41%	5.83%
60 Days	5.36%	12.02%
90 Days	6.11%	15.39%
12 Months	32.70%

10 Overlapping Holdings

Symbol	Grade	Weight in SUSL	Weight in CNEQ	Overlap
CDNS	B	0.29%	1.9%	0.29%
DHR	F	0.57%	2.35%	0.57%
GOOG	C	3.32%	1.98%	1.98%
LLY	F	2.37%	2.28%	2.28%
MELI	C	0.32%	1.16%	0.32%
MSFT	D	10.71%	13.34%	10.71%
NVDA	B	13.08%	13.04%	13.04%
SPGI	C	0.58%	2.14%	0.58%
TSLA	B	3.38%	1.1%	1.1%
V	A	1.75%	2.15%	1.75%

SUSL Overweight 283 Positions Relative to CNEQ

Symbol	Grade	Weight
GOOGL	C	3.82%
MA	B	1.57%
HD	B	1.43%
PG	C	1.4%
JNJ	C	1.32%
CRM	B	1.18%
KO	D	0.93%
MRK	D	0.9%
ADBE	C	0.84%
AMD	F	0.83%
ACN	B	0.81%
PEP	F	0.81%
LIN	C	0.78%
NOW	A	0.77%
MCD	D	0.77%
GE	D	0.72%
INTU	B	0.7%
CAT	B	0.69%
TXN	C	0.69%
IBM	C	0.69%
DIS	B	0.66%
CMCSA	B	0.62%
VZ	C	0.61%
BKNG	A	0.61%
AXP	A	0.6%
MS	A	0.58%
AMGN	F	0.57%
PGR	A	0.55%
LOW	C	0.55%
BLK	B	0.55%
AMAT	F	0.55%
ETN	A	0.53%
UNP	C	0.52%
TJX	A	0.49%
PANW	B	0.46%
FI	A	0.45%
ADP	A	0.45%
BMY	B	0.43%
GILD	C	0.42%
SCHW	B	0.42%
MMC	B	0.4%
INTC	C	0.37%
DE	B	0.37%
PLD	F	0.37%
CI	D	0.35%
LRCX	F	0.35%
UPS	C	0.34%
ELV	F	0.34%
NKE	F	0.33%
TT	A	0.33%
ICE	C	0.32%
AMT	C	0.32%
EQIX	A	0.31%
PYPL	B	0.31%
PNC	B	0.3%
SNPS	B	0.3%
MRVL	B	0.29%
ITW	B	0.29%
WELL	A	0.29%
CTAS	B	0.29%
MCO	B	0.28%
ZTS	D	0.28%
USB	A	0.28%
CL	D	0.26%
COF	C	0.26%
MMM	D	0.26%
TGT	F	0.26%
ORLY	B	0.26%
HCA	F	0.25%
CRH	A	0.25%
APD	A	0.25%
WMB	A	0.25%
CSX	C	0.25%
ADSK	A	0.24%
SLB	C	0.23%
ECL	D	0.23%
CARR	C	0.22%
TFC	A	0.22%
HLT	A	0.22%
OKE	A	0.22%
WDAY	B	0.21%
FICO	B	0.21%
JCI	B	0.21%
NXPI	D	0.21%
URI	C	0.21%
BK	A	0.21%
RCL	A	0.21%
SRE	A	0.21%
DLR	B	0.21%
TRV	B	0.21%
AFL	B	0.21%
MPC	D	0.2%
AZO	C	0.2%
AMP	A	0.2%
ALL	A	0.19%
GWW	B	0.19%
DASH	B	0.19%
PSX	C	0.19%
FIS	C	0.18%
DHI	F	0.17%
PWR	A	0.17%
NEM	D	0.17%
PAYX	B	0.17%
CMI	A	0.17%
LNG	A	0.17%
BKR	A	0.16%
ODFL	C	0.16%
DFS	B	0.16%
CCI	C	0.16%
KMB	C	0.16%
VLO	C	0.16%
COR	B	0.16%
PRU	A	0.16%
TRGP	A	0.15%
KR	B	0.15%
CBRE	B	0.15%
EA	A	0.15%
FERG	B	0.15%
IR	B	0.15%
AXON	A	0.15%
IT	C	0.15%
YUM	D	0.14%
ACGL	C	0.14%
EXC	C	0.14%
A	D	0.14%
IQV	F	0.14%
TEAM	A	0.14%
EW	C	0.14%
HIG	B	0.13%
IDXX	F	0.13%
GIS	D	0.13%
KDP	F	0.13%
HPQ	B	0.13%
CHTR	C	0.13%
LULU	C	0.13%
NUE	C	0.13%
GEHC	D	0.13%
MLM	C	0.13%
WTW	B	0.12%
IRM	C	0.12%
ED	C	0.12%
HUM	C	0.12%
HUBS	A	0.12%
NDAQ	A	0.12%
DXCM	C	0.11%
ANSS	B	0.11%
TSCO	D	0.11%
TTWO	A	0.11%
XYL	D	0.11%
EBAY	D	0.11%
ROK	C	0.11%
EIX	B	0.11%
RJF	A	0.11%
FTV	C	0.1%
HAL	C	0.1%
BR	A	0.1%
MTD	F	0.1%
PHM	D	0.1%
DECK	A	0.1%
DOV	A	0.1%
KEYS	A	0.1%
HPE	B	0.1%
NVR	D	0.1%
PPG	F	0.1%
STT	B	0.1%
WST	C	0.09%
RF	A	0.09%
LPLA	A	0.09%
EME	A	0.09%
BIIB	F	0.09%
NTAP	C	0.09%
HBAN	A	0.09%
VLTO	C	0.09%
SYF	B	0.09%
AWK	C	0.09%
TROW	B	0.09%
SW	A	0.09%
CHD	A	0.09%
CBOE	C	0.08%
CFG	B	0.08%
ES	C	0.08%
STLD	B	0.08%
STE	D	0.08%
LYB	F	0.08%
ATO	A	0.08%
NTRS	A	0.08%
K	A	0.08%
WY	F	0.08%
ZBH	C	0.08%
IFF	D	0.08%
WAT	C	0.08%
PTC	B	0.08%
SBAC	D	0.08%
ULTA	F	0.07%
FDS	B	0.07%
FSLR	F	0.07%
BBY	D	0.07%
HOLX	D	0.07%
MOH	F	0.07%
BALL	F	0.07%
ZS	B	0.07%
IP	A	0.07%
PODD	C	0.07%
NRG	B	0.07%
MKC	C	0.07%
LII	A	0.07%
STX	C	0.07%
DRI	B	0.07%
TRU	D	0.07%
COO	D	0.07%
OMC	C	0.07%
CLX	A	0.07%
PFG	D	0.07%
CMS	C	0.07%
LH	B	0.07%
WDC	D	0.07%
DOC	C	0.06%
ALGN	D	0.06%
TWLO	A	0.06%
JBHT	C	0.06%
NI	A	0.06%
AVY	F	0.06%
OC	A	0.06%
WSM	C	0.06%
EXPD	C	0.06%
DOCU	B	0.06%
BURL	B	0.06%
GPC	D	0.06%
GEN	B	0.06%
IEX	C	0.06%
MANH	D	0.06%
PNR	A	0.06%
EQH	C	0.06%
TRMB	B	0.06%
KEY	B	0.06%
DGX	A	0.06%
CHRW	B	0.05%
NBIX	C	0.05%
CAG	F	0.05%
POOL	C	0.05%
AKAM	D	0.05%
AVTR	F	0.05%
GGG	B	0.05%
DPZ	C	0.05%
APTV	F	0.05%
ALLY	C	0.04%
WTRG	B	0.04%
LKQ	F	0.04%
MKTX	D	0.04%
DAL	B	0.04%
SOLV	D	0.04%
CTLT	C	0.04%
FOXA	A	0.04%
AIZ	A	0.04%
IPG	D	0.04%
LW	C	0.04%
TECH	F	0.04%
BXP	C	0.04%
SJM	D	0.04%
KMX	B	0.04%
ALLE	C	0.04%
JNPR	D	0.04%
BG	D	0.04%
DAY	B	0.04%
AZPN	A	0.03%
ACI	C	0.03%
RIVN	F	0.03%
ENPH	F	0.03%
DVA	C	0.03%
CPB	D	0.03%
HSIC	C	0.03%
TTC	C	0.03%
CNH	C	0.03%
HRL	D	0.03%
TFX	F	0.03%
KNX	C	0.03%
FBIN	D	0.03%
NLY	C	0.03%
FOX	A	0.02%
BEN	C	0.02%
WBA	F	0.02%
BBWI	C	0.02%
DINO	D	0.02%

SUSL Underweight 15 Positions Relative to CNEQ

Symbol	Grade	Weight
AAPL	C	-8.58%
AMZN	C	-8.1%
META	D	-6.47%
HEI	A	-3.71%
TSM	B	-3.59%
APP	B	-3.29%
AVGO	D	-3.17%
ISRG	A	-2.19%
VRT	B	-2.15%
NFLX	A	-2.0%
CEG	C	-1.76%
NTRA	A	-1.52%
MU	D	-1.27%
UNH	B	-0.99%
ASML	F	-0.93%