CNEQ Alger Concentrated Equity ETF
Quote as of Aug 26, 2026 20:00 UTC · Market data delayed approximately 15–20 minutes unless otherwise indicated.
| Previous Close | 39.58 | Day Range | 39.21 – 39.58 |
| 52-Week Range | 29.47 – 42.15 | Volume | 822.33K |
| Avg Volume | 192.27K | AUM | $1.12B (Aug 26, 2026) |
| Expense Ratio | 0.56% | Yield (TTM) | 0.45% |
| NAV | 40.85 | Premium/Discount | -3.50% indicative |
| Inception | Apr 04, 2024 | Holdings | 30 |
| Issuer | Alger | Exchange | AMEX |
| Category | Global | Index Tracked | Not stated in source data |
| CUSIP | 015564404 | ISIN | US0155644042 |
| Management | Not stated in source data | ||
About this ETF
The Alger Concentrated Equity ETF primarily invests its capital in the stock of large-capitalization companies. These firms are selected by the portfolio manager for their perceived substantial growth prospects. A minimum of one-quarter of the fund's total assets will be allocated to enterprises within a specific group of interrelated sectors, as defined by independent classification systems. These industries encompass: 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. This fund operates as a non-diversified investment vehicle.
Description from the fund data provider · profile as of Aug 26, 2026.
Price Chart
Daily closing prices (price return, not total return). Comparison lines are normalized to percent change from the range start. Source: Financial Modeling Prep.
Performance
| 1M | 3M | 6M | YTD | 1Y | 3Y* | 5Y* | 10Y* | Incep.* | |
|---|---|---|---|---|---|---|---|---|---|
| Price return | +4.46% | -2.05% | +18.22% | +15.13% | +23.65% | — | — | — | +32.79% |
| Total return | +4.46% | -2.05% | +18.22% | +15.13% | +24.31% | — | — | — | +33.18% |
* Annualized. Total return uses the dividend-adjusted price series (distributions reinvested); price return uses unadjusted closes. Performance through Aug 25, 2026. Past performance does not guarantee future results.
Fees
| Net expense ratio | 0.56% | Annual cost of a $10,000 investment | $56.00 |
Illustrative calculation only: expense ratio × $10,000. It excludes trading costs, bid/ask spreads, taxes and changes in investment value. Gross vs. net expense details and any fee waivers are in the prospectus.
Holdings
Holdings as of Aug 25, 2026 — portfolio reporting date from the data provider; holdings are not live positions. 32 rows in database.
| # | Holding | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|---|
| 1 | NVIDIA CORP USD 0.001 | NVDA | 14.23% | 1.33M | $276.7M |
| 2 | MICROSOFT COM USD0.00000625 | MSFT | 8.04% | 320.79K | $156.3M |
| 3 | ALPHABET INC CLASS C | GOOG | 5.81% | 327.73K | $112.9M |
| 4 | TAIWAN SEMICONDUCTOR M TWD 10.0 ADR | TSM | 5.50% | 260.54K | $106.9M |
| 5 | APPLE INC USD 0.00001 | AAPL | 4.98% | 312.29K | $96.9M |
| 6 | AMAZON COM INC USD 0.01 | AMZN | 4.58% | 340.08K | $89.1M |
| 7 | BROADCOM INC NPV | AVGO | 4.57% | 247.76K | $88.9M |
| 8 | NEBIUS GROUP N.V. | NBIS | 4.35% | 401.29K | $84.6M |
| 9 | WESTERN DIGITAL CORP USD 0.01 | WDC | 3.96% | 176.95K | $77.0M |
| 10 | DREYFUS TRSY OBLIG CASH MGMT CL INS | — | 3.60% | 0 | $70.0M |
| 11 | MICRON TECHNOLOGY INC USD 0.1 | MU | 3.05% | 65.12K | $59.3M |
| 12 | META PLATFORMS INC USD 0.000006 | META | 2.93% | 101.77K | $56.9M |
| 13 | SEA LTD USD 0.0005 ADR | SE | 2.84% | 476.60K | $55.1M |
| 14 | TESLA INC USD 0.001 | TSLA | 2.74% | 152.69K | $53.3M |
| 15 | TALEN ENERGY CORP NEW USD 0.001 | TLN | 2.72% | 173.37K | $53.0M |
| 16 | GE VERNOVA INC USD 0.01 | GEV | 2.54% | 52.42K | $49.4M |
| 17 | ANTHROPIC PBC | — | 2.52% | 65.62K | $49.0M |
| 18 | QXO INC USD 0.00001 | QXO | 2.42% | 3.51M | $47.0M |
| 19 | HEICO CORP NEW USD 0.01 | HEI-A | 2.13% | 160.13K | $41.5M |
| 20 | NATERA INC USD 0.0001 | NTRA | 1.89% | 111.96K | $36.7M |
| 21 | SPACE EXPL TECHNOLOGIES C USD 0.001 | SPCX | 1.84% | 264.99K | $35.8M |
| 22 | LILLY ELI + CO NPV | LLY | 1.83% | 28.53K | $35.6M |
| 23 | NOVO-NORDISK A S DKK 10.0 ADR | NVO | 1.67% | 691.93K | $32.5M |
| 24 | ADVANCED MICRO DEVICES INC USD 0.01 | AMD | 1.63% | 69.35K | $31.7M |
| 25 | FIGURE TECHNOLOGY SOLUTI USD 0.0001 | FIGR | 1.58% | 792.59K | $30.6M |
Click a ticker to see every ETF that owns it.
Sector Exposure
Geographic Exposure
Country weights as reported by the data provider. Developed/emerging/frontier labels follow the classification on the Methodology page. Currency hedged: No hedging indicated in the fund name.
Distributions
| Yield (TTM) | 0.45% | Paid (last 12 months) | $0.1800 |
| Frequency | Irregular | SEC yield | Not provided by our data source — see the issuer page |
| Last ex-date | Dec 18, 2025 | Last payment | $0.1800 (Dec 31, 2025) |
| Growth 1Y | — | Growth 3Y / 5Y (ann.) | — / — |
| Ex-date | Record | Pay date | Amount |
|---|---|---|---|
| Dec 18, 2025 | Dec 18, 2025 | Dec 31, 2025 | $0.1800 |
| Dec 18, 2024 | Dec 18, 2024 | Dec 31, 2024 | $0.0411 |
Trailing distribution yield = last 12 months of cash ÷ current price. It is NOT the SEC 30-day yield and distributions are not guaranteed to continue. The difference explained →
Risk Statistics
| Volatility 1Y / 3Y | 25.47% / — | Sharpe 1Y / 3Y | 0.973 / — |
| Max drawdown 1Y / 3Y | -19.30% / — | Sortino 1Y | 1.42 |
| Beta vs S&P 500 (3Y) | 1.46 | Correlation vs S&P 500 (1Y) | 0.857 |
| Downside deviation 1Y | 17.40% | Risk-free rate used | 3.72% (3M T-bill, FRED) |
Computed by ETF Explorer from daily dividend-adjusted closes; volatility and drawdown are annualized/period figures; S&P 500 exposure proxied by SPY. As of Aug 26, 2026. Formulas →
Liquidity
| Volume today | 822.33K | Average volume | 192.27K |
| AUM | $1.12B | Premium/Discount | -3.50% |
| Bid/Ask spread | Not provided by our data source. Check your broker's quote screen; spreads are widest at the open and close. | ||
Premium/discount compares the delayed market price with the last reported NAV — an indicative figure, not the official closing premium/discount. How ETF liquidity works →
Fund Flows (estimated)
| Period | Est. net flow | % of starting AUM | AUM start → end |
|---|---|---|---|
| 1 Day | $0.00 | 0.00% | $1.12B → $1.12B |
| 1 Week | -$1.1M | -0.10% | $1.12B → $1.12B |
ETF Explorer estimate: change in reported AUM minus the market-move effect, from our own daily snapshots. Not official issuer creation/redemption data.
Official Fund Resources
External links open the issuer's site or SEC EDGAR in a new tab. The prospectus and official documents are always the authoritative source — review them before investing.
Latest News for CNEQ
No articles mention this fund directly in the last 7 days — showing general ETF coverage.
Guided help: AUM is fund size. The expense ratio is the yearly cost baked into returns. NAV is the value of what the fund owns per share; the market price can sit slightly above (premium) or below (discount) it. Total return assumes distributions were reinvested. Every dataset shows its own as-of date because holdings, assets and quotes update on different schedules.