AUM $5.54BER 0.56%NAV $39.39Holdings 28Inception Apr 2024
Price Chart
Key Statistics
Previous Close
$38.73Day Range
$38.84$39.30
52-Week Range
$29.68$41.87
Avg Volume
300.0KDividend Yield
0.55%Expense Ratio
0.56%AUM
$5.54BShares Outstanding
2.6METF Grades
?ETF Grades compare this fund against others in the same category using percentile rankings across six factors. Grades range from A+ (top 5%) to F (bottom 20%). Updated daily.Sector Breakdown
| Sector | Weight % |
|---|---|
| Technology | 54.11% |
| Communication Services | 17.30% |
| Industrials | 10.37% |
| Consumer Cyclical | 9.89% |
| Healthcare | 4.22% |
| Utilities | 2.89% |
| Financial Services | 1.22% |
Country Allocation
| Country | Weight % |
|---|---|
| United States | 80.71% |
| Other | 6.87% |
| Taiwan | 5.91% |
| Netherlands | 4.16% |
| Singapore | 2.36% |
Fund Information
- Issuer
- Alger
- Category
- Technology
- Inception Date
- Apr 5, 2024
- Exchange
- NYSE_ARCA
- Description
- The fund invests primarily in the equity securities of large-cap companies that the m9+.anager believes demonstrate promising growth potential. It will invest at least 25% of its total assets in companies focused in the following group of related industries: software, technology hardware storage and peripherals, semiconductors and semiconductor equipment, information technology services, electronic equipment instruments and components, communications equipment, broadline retail and interactive media and services, as classified by third party sources. The fund is non-diversified.
Similar ETFs
The Alger Concentrated Equity ETF (CNEQ) is an exchange-traded fund issued by Alger that launched on Apr 5, 2024. It currently manages $5.54B in assets under management. The fund charges an expense ratio of 0.56%. The fund holds 28 securities in its portfolio. It falls under the Technology category.
Top 10 holdings represent 61.6% of the fund
| Rank | Symbol | Name | Weight % | Shares | Market Value |
|---|---|---|---|---|---|
| 1 | NVDA | NVIDIA CORP USD 0.001 | 14.65% | 3,940,291 | $855.9M |
| 2 | MSFT | MICROSOFT COM USD0.00000625 | 8.78% | 950,391 | $512.7M |
| 3 | GOOG | ALPHABET INC CLASS C | 6.40% | 1,084,370 | $374.0M |
| 4 | TSM | TAIWAN SEMICONDUCTOR M TWD 10.0 ADR | 5.76% | 797,216 | $336.6M |
| 5 | AAPL | APPLE INC USD 0.00001 | 5.42% | 926,154 | $316.7M |
| 6 | AVGO | BROADCOM INC NPV | 4.94% | 837,550 | $288.4M |
| 7 | AMZN | AMAZON COM INC USD 0.01 | 4.40% | 1,009,026 | $257.1M |
| 8 | META | META PLATFORMS INC USD 0.000006 | 3.95% | 313,360 | $230.9M |
| 9 | NBIS | NEBIUS GROUP N.V. | 3.83% | 1,188,293 | $223.9M |
| 10 | WDC | WESTERN DIGITAL CORP USD 0.01 | 3.49% | 571,527 | $203.7M |
| 11 | TLN | TALEN ENERGY CORP NEW USD 0.001 | 3.41% | 563,808 | $199.4M |
| 12 | MU | MICRON TECHNOLOGY INC USD 0.1 | 3.09% | 193,944 | $180.6M |
| 13 | — | DREYFUS TRSY OBLIG CASH MGMT CL INS | 3.06% | 0 | $178.5M |
| 14 | TSLA | TESLA INC USD 0.001 | 2.89% | 465,545 | $168.7M |
| 15 | GEV | GE VERNOVA INC USD 0.01 | 2.51% | 158,040 | $146.4M |
Detailed Returns
| Period | Return | ETF |
|---|---|---|
| 1D | +1.05% | |
| 1W | -0.56% | |
| 1M | -4.90% | |
| 3M | +3.43% | |
| 6M | +6.32% | |
| YTD | +13.36% | |
| 1Y | +14.93% | |
| 3Y | +94.88% | |
| 5Y | +94.88% |
Moving Averages
20-Day MA
$40.34
Below 20-Day MA50-Day MA
$40.06
Below 50-Day MA200-Day MA
$37.32
Above 200-Day MAPrice with Moving Averages
Support & Resistance
52-Week High
$41.87
Current Price
$39.13
52-Week Low
$29.68
$29.68$41.87
Current Yield
0.55%
Annual Dividend
$0.4011
Frequency
1x/year
Last Ex-Date
Dec 18, 2025
Dividend History
| Ex-Date | Amount | Pay Date |
|---|---|---|
| Dec 18, 2025 | $0.1800 | Dec 31, 2025 |
| Dec 18, 2025 | $0.1800 | Dec 31, 2025 |
| Dec 18, 2024 | $0.0411 | Dec 31, 2024 |
Dividend Payments Over Time
Category Comparison
| Metric | CNEQ | Technology(1582 ETFs) | Semiconductors(43 ETFs) |
|---|---|---|---|
| Fund Info | |||
| Expense Ratio | 0.56% | 0.63% | 1.02% |
| AUM | $5.54B | $6.38B | $7.09B |
| Dividend Yield | 0.55% | 2.97% | 4.56% |
| Avg Volume | 300.0K | 496.8K | 4.7M |
| Holdings | 28 | 193 | 31 |
| Performance | |||
| 1-Month Return | -4.90% | -2.31% | -5.46% |
| 6-Month Return | +2.77% | +3.15% | +7.36% |
| YTD Return | +13.99% | +12.28% | +30.70% |
| 1-Year Return | +10.46% | +9.49% | +21.03% |
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