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 | 193.23K | AUM | $1.12B (Aug 27, 2026) |
| Expense Ratio | 0.56% | Yield (TTM) | 0.46% |
| 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 27, 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 | +4.67% | -2.43% | +15.91% | +14.66% | +21.59% | — | — | — | +32.52% |
| Total return | +4.67% | -2.43% | +15.91% | +14.66% | +22.27% | — | — | — | +32.91% |
* Annualized. Total return uses the dividend-adjusted price series (distributions reinvested); price return uses unadjusted closes. Performance through Aug 26, 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 26, 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 | 14.33% | 1.38M | $293.0M |
| 2 | MICROSOFT COM USD0.00000625 | MSFT | 7.99% | 332.31K | $163.4M |
| 3 | ALPHABET INC CLASS C | GOOG | 5.70% | 339.54K | $116.6M |
| 4 | TAIWAN SEMICONDUCTOR M TWD 10.0 ADR | TSM | 5.51% | 269.90K | $112.7M |
| 5 | APPLE INC USD 0.00001 | AAPL | 4.90% | 323.53K | $100.3M |
| 6 | NEBIUS GROUP N.V. | NBIS | 4.51% | 415.69K | $92.3M |
| 7 | AMAZON COM INC USD 0.01 | AMZN | 4.50% | 352.32K | $92.0M |
| 8 | BROADCOM INC NPV | AVGO | 4.48% | 256.69K | $91.6M |
| 9 | WESTERN DIGITAL CORP USD 0.01 | WDC | 4.04% | 183.29K | $82.6M |
| 10 | DREYFUS TRSY OBLIG CASH MGMT CL INS | — | 3.76% | 0 | $76.9M |
| 11 | MICRON TECHNOLOGY INC USD 0.1 | MU | 3.08% | 67.42K | $62.9M |
| 12 | SEA LTD USD 0.0005 ADR | SE | 2.97% | 493.74K | $60.8M |
| 13 | META PLATFORMS INC USD 0.000006 | META | 2.94% | 105.37K | $60.1M |
| 14 | TESLA INC USD 0.001 | TSLA | 2.71% | 158.16K | $55.4M |
| 15 | TALEN ENERGY CORP NEW USD 0.001 | TLN | 2.70% | 179.56K | $55.2M |
| 16 | QXO INC USD 0.00001 | QXO | 2.46% | 3.63M | $50.3M |
| 17 | GE VERNOVA INC USD 0.01 | GEV | 2.46% | 54.29K | $50.3M |
| 18 | ANTHROPIC PBC | — | 2.39% | 65.62K | $49.0M |
| 19 | HEICO CORP NEW USD 0.01 | HEI-A | 2.09% | 165.89K | $42.7M |
| 20 | NATERA INC USD 0.0001 | NTRA | 1.91% | 115.99K | $39.1M |
| 21 | SPACE EXPL TECHNOLOGIES C USD 0.001 | SPCX | 1.85% | 274.49K | $37.9M |
| 22 | LILLY ELI + CO NPV | LLY | 1.78% | 29.54K | $36.4M |
| 23 | NOVO-NORDISK A S DKK 10.0 ADR | NVO | 1.71% | 716.84K | $34.9M |
| 24 | ADVANCED MICRO DEVICES INC USD 0.01 | AMD | 1.68% | 71.80K | $34.4M |
| 25 | FIGURE TECHNOLOGY SOLUTI USD 0.0001 | FIGR | 1.65% | 821.10K | $33.8M |
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) | 0.46% | 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 | 25.45% / — | Sharpe 1Y / 3Y | 0.891 / — |
| Max drawdown 1Y / 3Y | -19.30% / — | Sortino 1Y | 1.30 |
| Beta vs S&P 500 (3Y) | 1.46 | Correlation vs S&P 500 (1Y) | 0.857 |
| Downside deviation 1Y | 17.41% | Risk-free rate used | 3.71% (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 27, 2026. Formulas →
Liquidity
| Volume today | 822.33K | Average volume | 193.23K |
| 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 | -$4.9M | -0.43% | $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.