CNEQAlger Concentrated Equity ETF

Grow my money2y track recordRanked #990 of 2,960 in this goal

Seeks long-term capital appreciation.

By Alger · Launched 2024

Annual Cost

0.56%

#2,867 of 5,562 · average

Fund Size

$697M

#1,326 of 5,562 · large

Return (1Y)Goal

+49.5%

Track Record

2 years

#3,520 of 5,562 · seasoned

Performance

Total-return NAV · USD

Growth of $10,000

$14,914+49.1%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Equity

Region

North america

Cap

Large

Strategy

Active selection

What it actually holds

By weight

Concentration

Top 10 holdings = 66.0% of fundconcentrated

NVIDIA Corp

14.4%

Microsoft Corp

10.6%

Amazon.com Inc

7.1%

Alphabet Inc

5.7%

Broadcom Inc

5.4%

TSMC

5.2%

Apple Inc

5.0%

AppLovin Corp

4.6%

Meta Platforms Inc

4.2%

Tesla Inc

3.8%

Asset allocation

Stocks

93.2%

Other

5.5%

Cash

1.2%

By sector

Technology

47.1%

Communication

20.1%

Consumer Cyclical

13.0%

Industrials

9.3%

Healthcare

5.4%

Utilities

3.6%

Financial Services

1.4%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

23.9%High

Year-on-year price swings

Max drawdown

-27.6%Moderate

Worst peak-to-trough loss

Sharpe (3Y)

Unavailable

Needs 3+ years of history

Sortino (3Y)

Not yet

Needs 3+ years of history

Where to buy

Listing

Exchange: NYSE Arca

Full fund details

Objective: Seeks long-term capital appreciation.
Strategy: Invests primarily in large-cap equity securities with growth potential, focusing on sectors like technology and consumer discretionary. The Fund is actively managed and typically holds no more than 30 positions, allowing for concentrated investments.
Inception date: April 4, 2024
Fund family: Alger