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Launched

Alger Concentrated Equity ETF

CNEQNYSE ArcaC

$40.550.00 (0.00%)

At close: Oct 13, 2026, 4:00 PM

C46/ 100

Rank 47 of 90 in US Active Growth

C46/100Rank 47 of 90inUS Active Growth
Intraday session: flat, 78 prints from 40.55 to 40.55. Range 40.07 to 40.55. Use the arrow keys to read each point.40.1040.2040.3040.4010 AM12 PM2 PM4 PM
Expense ratio
0.56%
Fund size
$4.3B
1Y total return
+17.9%
Yield · Last 12 months
0.44%
Holdings
30
Avg volume · 30D
0.2M sh
NAV per share
$40.49
52W range
low $29.47high $42.15
Launched

The ETF.net CNEQ Grade

C

Score 46 out of 100

Category
US Active Growth⁠
Rank
47 of 90
Six-pillar profile for CNEQ. Scores out of 100: Cost 50, Risk 31, Mission 37, Tradability 60, Holdings 23, Durability 77. Strongest: Durability (77). Weakest: Holdings (23). Leans toward Durability.

Score 46 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    C50 out of 100
    Rank 41 of 90

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    D37 out of 100
    Rank 25 of 27

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D31 out of 100
    Rank 71 of 82

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B60 out of 100
    Rank 29 of 90

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    F23 out of 100
    Rank 87 of 89

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A77 out of 100
    Rank 17 of 90

Our read on CNEQ

ETF.net Research

CAlger caps this portfolio at 30 stocks. That's the whole idea: a high-conviction growth book built on fundamental research, in an ETF wrapper, priced at 0.55% like an ordinary active fund.

Stated mandate

The fund seeks long-term capital appreciation through a focused portfolio of no more than 30 companies selected using fundamental research.

Why people hold it

  1. 01The 30-company ceiling is written into the mandate, not a manager's mood. Every name has to earn its slot, so the book looks nothing like a large-cap index fund.
  2. 02At 0.55% it charges about what the typical active US growth fund does, and what you get for it is genuine concentration rather than a benchmark hugger.
  3. 03Trades easily for a young, concentrated fund. Tight, orderly execution is one of its stronger marks against active US growth peers.
  4. 04Lands in the upper half of a crowded active US growth cohort on our overall read.

Worth knowing

  1. 01Concentration cuts both ways. With no more than 30 names, a single stumble lands far harder here than in a broad index fund.
  2. 02Cheaper routes into active US large-cap growth exist: JUSA at 0.12% and FELG at 0.18%, both running much wider portfolios.
  3. 03Launched in 2024, so the record is short and hasn't been tested across a full market cycle.

CNEQ Holdings

As of Oct 13, 2026
Asset class
Stocks
Holdings
30
Top-10 weight
62%
Largest holding
NVDA14.9%

Sectors

  • Technology54.1%
  • Communication17.3%
  • Industrials10.4%
  • Consumer Discretionary9.9%
  • Health Care4.2%
  • Utilities2.9%
  • Financials1.2%

Geography

  • United States85.77%
  • Taiwan6.65%
  • Netherlands5.13%
  • Singapore2.46%
The fund’s holdings, weight-ordered — page 1 of 2.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001NVDANVIDIA Corp USD 0.00114.85%3,161,087$715M847
002MSFTMicrosoft Com USD0.000006258.57%762,631$413M815
003GOOGAlphabet Inc Class C6.31%870,793$304M478
004TSMTaiwan Semiconductor M Twd 10.0 Adr5.90%639,967$284M277
005AAPLApple Inc USD 0.000015.26%743,088$253M715
006AVGOBroadcom Inc Npv4.96%673,260$239M754
007AMZNAmazon Com Inc USD 0.014.36%809,531$210M736
008NBISNebius Group N.v.4.16%953,593$200M186
009METAMeta Platforms Inc USD 0.0000063.89%252,338$187M704
010WDCWestern Digital Corp USD 0.013.69%458,871$178M479
011TLNTalen Energy Corp New USD 0.0013.58%453,499$172M160
012MUMicron Technology Inc USD 0.13.21%156,392$155M679
013TSLATesla Inc USD 0.0012.94%374,012$141M521
014GEVGe Vernova Inc USD 0.012.64%127,529$127M484
015SESea Ltd USD 0.0005 Adr2.36%1,183,455$113M137

Showing 1–15 of 30 holdings

CNEQ Performance

Launched Apr 4, 2024

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.
CNEQ$11,792
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$12,044
Oct 10, 2025 to Oct 12, 2026. CNEQ $11,792. SPY $12,044. Use the arrow keys to read each point.$8,508$10,478$12,448Oct 2025Apr 2026Oct 2026

Oct 10, 2025 – Oct 12, 2026

Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for CNEQ. Periods over one year show the average yearly return.
PeriodCNEQ
Year to date+17.9%
1 month+2.0%
3 months0.0%
1 year+17.9%
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper year—

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for CNEQ
YearReturn barCNEQ
2026 YTD+17.9%
2025+33.6%
2024+28.8%

History from Apr 5, 2024

CNEQ in the news

Filtered to CNEQ · US Active Growth

CNEQ Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 12, 2026.
0.44%Last 12 months
Payout per share
$0.18Last 12 months
Last payment
$0.18 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution history

2024–2026

One bar per payment. 2 payments from 2024 to 2026 YTD. Dec 18, 2024 $0.04; Dec 18, 2025 $0.18. Use the arrow keys to read each point.202420252026YTD
Ex-datePay dateAmount per share
Dec 18, 2025Dec 31, 2025$0.18
Dec 18, 2024Dec 31, 2024$0.04

CNEQ Risk

How much the fund’s monthly returns vary, scaled to a year.
23.1%
Annualised · 29 months to Sep 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
1.31
vs 3-month T-bills · 29 months to Sep 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−27.6%
30 months · trough Apr 2025
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.71
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

CNEQ Cost

Expense ratio0.56%
  • The middle half of US Active Growth funds
  • Median 0.56%

42 of the 90 US Active Growth funds charge less.

CNEQ costs $56.00 a year on $10,000. The median US Active Growth fund costs $56.50.

Other funds in US Active Growth

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