CNEQ
·NYSE
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Key Stats
Assets Under Management
225.67MUSD
Fund Flows (1Y)
186.96MUSD
Dividend Yield
0.52%
Discount/Premium to NAV
0.13%
Shares Outstanding
6.47M
Expense Ratio
0.55%
About Alger Concentrated Equity ETF
Issuer
Alger
Brand
Alger
Inception Date
Apr 4, 2024
Structure
Open-Ended Fund
Index Tracked
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Management Style
Active
Dividend Treatment
Distributes
Distribution Tax Treatment
Qualified dividends
Income Tax Type
Capital Gains
Max ST Capital Gains Rate
39.60%
Max LT Capital Gains Rate
20.00%
Primary Advisor
Fred Alger Management LLC
Distributor
Fred Alger & Co., Inc.
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.
Classification
Asset Class
Equity
Category
Size and Style
Focus
Large Cap
Niche
Growth
Strategy
Active
Geography
U.S.
Weighting Scheme
Proprietary
Selection Criteria
Proprietary
Returns
1-Month | 3-Month | YTD | 1-Year | 3-Year | 5-Year | |
|---|---|---|---|---|---|---|
Price Performance | +0.03% | -3.94% | +30.82% | +31.37% | +72.24% | +72.24% |
NAV Total Return | -0.34% | -2.25% | +32.29% | +32.29% | +0.38% | +0.38% |
Ratings
No data is currently available
Ainvest’s AI-powered ETF Scoring Algorithm, built to help retail investors make smarter, data-driven decisions. Leveraging deep learning, reinforcement learning, and large language models, the algorithm scores ETFs across five key dimensions: Fund Flow, Momentum, Safety, Fundamentals, and Performance. Each factor is weighted by its correlation to future returns, resulting in a single, actionable score. Backtested over five years with consistently strong predictive accuracy. Ainvest brings institutional-grade artificial intelligence to everyday investors—transforming complexity into clarity with every score.
Holdings Analysis
Sector
Technology
44.58%
Communication Services
21.36%
Consumer Cyclical
13.72%
Industrials
10.41%
Healthcare
4.34%
Utilities
4.04%
Financial Services
1.55%
Technology
44.58%
Communication Services
21.36%
Consumer Cyclical
13.72%
Industrials
10.41%
Healthcare
4.34%
Utilities
4.04%
Financial Services
1.55%
Asset
Region
88.59%
6.7%
3.85%
0.86%
Category
Ratio
North America
88.59%
Asia
6.70%
Europe
3.85%
Latin America
0.86%
Investment Style
Mega
Large
Medium
Multi
Small
Value
Blend
Growth
Large-Cap Growth
Focuses on large-cap companies with high growth potential. These ETFs invest in leading companies with strong expansion prospects.
Top 10 Holdings
Symbol
Ratio
NVDA
Nvidia
14.27%
MSFT
Microsoft
10.53%
AMZN
Amazon.com
7.11%
GOOG
Alphabet C
5.68%
AVGO
Broadcom
5.41%
TSM
TSMC
5.06%
AAPL
Apple
5.01%
APP
Applovin
4.72%
META
Meta
4.19%
TSLA
Tesla
3.76%
Top 10 Weight 65.74%
30 Total Holdings
Dividends
Dividend Payout History
Declaration Date | Record Date | Payment Date | Amount |
|---|---|---|---|
| 2025-12-18 | 2025-12-18 | 2025-12-31 | 0.009 |
| 2024-12-18 | 2024-12-18 | 2024-12-31 | 0.041 |
Premium/Discount Chart
Premium/Discount to NAV
Price
1M
Assets Under Management
Assets Under Management
1M
Fund Flows
Inflows
Outflows
1M
