CNEQ Alger Concentrated Equity ETF
Quote as of Oct 09, 2026 20:00 UTC · Market data delayed approximately 15–20 minutes unless otherwise indicated.
| Previous Close | 40.64 | Day Range | 40.66 – 41.26 |
| 52-Week Range | 29.47 – 42.15 | Volume | 1.39M |
| Avg Volume | 187.05K | AUM | $3.37B (Oct 10, 2026) |
| Expense Ratio | 0.56% | Yield (TTM) | 0.44% |
| NAV | 40.58 | Premium/Discount | +0.69% indicative |
| Inception | Apr 04, 2024 | Holdings | 28 |
| 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 Oct 10, 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 | +1.67% | +0.71% | +20.07% | +18.85% | +13.59% | — | — | — | +32.63% |
| Total return | +1.67% | +0.71% | +20.07% | +18.85% | +14.23% | — | — | — | +33.00% |
* Annualized. Total return uses the dividend-adjusted price series (distributions reinvested); price return uses unadjusted closes. Performance through Oct 09, 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 Oct 10, 2026 · portfolio reporting date from the data provider; holdings are not live positions. 30 rows in database.
| # | Holding | Ticker | Weight | Shares | Market Value |
|---|---|---|---|---|---|
| 1 | NVIDIA CORP USD 0.001 | NVDA | 14.92% | 2.83M | $648.5M |
| 2 | MICROSOFT COM USD0.00000625 | MSFT | 8.40% | 682.47K | $365.2M |
| 3 | ALPHABET INC CLASS C | GOOG | 6.24% | 779.61K | $271.2M |
| 4 | TAIWAN SEMICONDUCTOR M TWD 10.0 ADR | TSM | 5.98% | 572.83K | $259.7M |
| 5 | APPLE INC USD 0.00001 | AAPL | 5.15% | 664.93K | $223.8M |
| 6 | BROADCOM INC NPV | AVGO | 5.02% | 603.12K | $218.1M |
| 7 | AMAZON COM INC USD 0.01 | AMZN | 4.37% | 724.36K | $190.1M |
| 8 | NEBIUS GROUP N.V. | NBIS | 4.34% | 853.39K | $188.7M |
| 9 | WESTERN DIGITAL CORP USD 0.01 | WDC | 3.76% | 410.77K | $163.2M |
| 10 | META PLATFORMS INC USD 0.000006 | META | 3.74% | 226.29K | $162.6M |
| 11 | TALEN ENERGY CORP NEW USD 0.001 | TLN | 3.45% | 395.93K | $149.9M |
| 12 | MICRON TECHNOLOGY INC USD 0.1 | MU | 3.32% | 140.36K | $144.4M |
| 13 | TESLA INC USD 0.001 | TSLA | 2.86% | 324.49K | $124.2M |
| 14 | GE VERNOVA INC USD 0.01 | GEV | 2.65% | 114.50K | $115.0M |
| 15 | DREYFUS TRSY OBLIG CASH MGMT CL INS | — | 2.57% | 0 | $111.9M |
| 16 | SEA LTD USD 0.0005 ADR | SE | 2.32% | 1.06M | $100.9M |
| 17 | NATERA INC USD 0.0001 | NTRA | 2.15% | 233.14K | $93.4M |
| 18 | SPACE EXPL TECHNOLOGIES C USD 0.001 | SPCX | 2.11% | 563.38K | $91.6M |
| 19 | FIGURE AI | — | 2.09% | 466.41K | $90.9M |
| 20 | ADVANCED MICRO DEVICES INC USD 0.01 | AMD | 2.05% | 146.21K | $88.9M |
| 21 | QXO INC USD 0.00001 | QXO | 1.86% | 7.48M | $80.8M |
| 22 | HEICO CORP NEW USD 0.01 | HEI-A | 1.75% | 340.97K | $76.1M |
| 23 | LILLY ELI + CO NPV | LLY | 1.63% | 60.18K | $71.0M |
| 24 | ASTERA LABS INC USD 0.0001 | ALAB | 1.35% | 171.81K | $58.8M |
| 25 | FIGURE TECHNOLOGY SOLUTI USD 0.0001 | FIGR | 1.30% | 1.98M | $56.5M |
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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) | 0.44% | 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 | 25.67% / — | Sharpe 1Y / 3Y | 0.547 / — |
| Max drawdown 1Y / 3Y | -19.30% / — | Sortino 1Y | 0.795 |
| Beta vs S&P 500 (3Y) | 1.46 | Correlation vs S&P 500 (1Y) | 0.859 |
| Downside deviation 1Y | 17.67% | Risk-free rate used | 4.05% (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 Oct 10, 2026. Formulas →
Liquidity
| Volume today | 1.39M | Average volume | 187.05K |
| AUM | $3.37B | Premium/Discount | +0.69% |
| 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% | $3.37B → $3.37B |
| 1 Month | $665.7M | +25.42% | $2.62B → $3.37B |
| 1 Week | $166.0M | +5.17% | $3.21B → $3.37B |
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.