AlgerLarge GrowthCNEQ · NYSE Arca
Alger Concentrated Equity ETF (CNEQ)
- Price
- $39.77
- —11 Sept 2026
- Assets
- $2.4B
- Total net assets
- Expense ratio
- 0.56%
- Category 0.90%
- Yield
- 0.46%
- Trailing distributions
- 3Y CAGR
- —
- Category 21.9%
- 5Y CAGR
- —
- Category 9.9%
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Alger Concentrated Equity ETF
Calendar-year returns
Fund only: no comparison series covers this fund's history.
Risk statistics
Five years of daily closes. Risk-free rate 4% a year.
- Standard deviation
- —
- Maximum drawdown
- —
- Sharpe ratio
- —
- Sortino ratio
- —
- Beta
- —
- Alpha
- —
- R²
- —
- Information ratio
- —
- Upside capture
- —
- Downside capture
- —
- Tracking error
- —
Holdings
The 10 largest positions make up 60.0% of the fund.
Top holdings
| Ticker | Holding | Weight |
|---|---|---|
| NVDA | NVIDIA Corp | 14.88% |
| MSFT | Microsoft Corp | 8.26% |
| GOOG | Alphabet Inc Class C | 5.77% |
| TSM | Taiwan Semiconductor Manufacturing Co Ltd ADR | 5.49% |
| AAPL | Apple Inc | 5.02% |
| AVGO | Broadcom Inc | 4.66% |
| AMZN | Amazon.com Inc | 4.48% |
| NBIS | Nebius Group NV Shs Class-A- | 4.20% |
| WDC | Western Digital Corp | 4.04% |
| MU | Micron Technology Inc | 3.16% |
Portfolio valuation
Weighted averages of what the fund holds.
- P/E
- 27.0
- P/B
- 8.5
- P/S
- 7.5
- P/CF
- 23.4
Sector allocation
Share of the equity the fund holds.
- Technology52.2%
- Communication services15.6%
- Consumer discretionary10.9%
- Industrials10.8%
- Health care5.5%
- Utilities2.8%
- Financial services2.2%
Asset mix
- Stocks92.9%
- Cash4.5%
- Other2.7%
ETF details
- Issuer
- Alger
- Category
- Equity · Large Growth
- Ticker
- CNEQ
- Exchange
- NYSE Arca
- Inception
- 4 Apr 2024 (2.4 years)
- Structure
- Exchange Traded Fund
- Expense ratio
- 0.56% (category 0.90%)
- Holdings turnover
- 60% (category 62%)
- Distribution yield
- 0.46%
- Beta, 3 years
- 0.00
- Total net assets
- $2.4B
Prices and returns as of 11 Sept 2026; total return with distributions reinvested, before brokerage and taxes. Not investment advice.
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