CNEQAlger Concentrated Equity ETF
Seeks long-term capital appreciation.
By Alger · Launched 2024
Annual Cost
0.56%
#2,977 of 5,854 · average
Fund Size
$732M
#1,316 of 5,854 · large
Return (1Y)Goal
+24.1%
Track Record
2 years
#3,432 of 5,854 · seasoned
Performance
Total-return NAV · USDGrowth of $10,000
$12,270+22.7%
Total-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundWhat it actually holds
By weightConcentration
Top 10 holdings = 64.4% of fundconcentrated
NVIDIA Corp.
14.6%
Microsoft Corp.
8.0%
Amazon.com, Inc.
6.5%
Taiwan Semiconductor Manufacturing Co., Ltd.
5.7%
Alphabet Inc.
5.7%
Nebius Group N.V.
5.1%
DREYFUS TRSY OBLIG CASH MDTRXX
5.1%
Apple Inc.
5.0%
Broadcom Inc
4.8%
QXO Inc
3.9%
Asset allocation
Stocks
93.3%
Other
7.3%
By sector
Technology
47.2%
Communication
17.9%
Industrials
14.5%
Consumer Cyclical
10.9%
Healthcare
4.7%
Utilities
3.2%
Financial Services
1.7%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (1Y)
25.5%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
Listing
- Exchange
- NYSE Arca
Full fund details
- Objective
- Seeks long-term capital appreciation.
- Strategy
- Actively manages a non-diversified portfolio primarily invested in equity securities of large-cap companies with promising growth potential. Focuses on sectors including information technology, consumer discretionary, and communication services, typically holding no more than 30 positions.
- Inception date
- April 4, 2024
- Fund family
- Alger
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Data updated on 2026-08-04