Alger Concentrated Equity ETF
$40.73−0.48 (−1.16%)
- Expense ratio
- 0.56%
- Fund size
- $3.2B
- 1Y return
- +17.4%
- Yield · Last 12 months
- 0.44%
- Holdings
- 30
- Volume · 30D
- 0.2M sh
- NAV per share
- $40.80
- 52W range
The ETF.net CNEQ Grade
Score 53 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.CScore 50Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.DScore 35Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.DScore 34Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.AScore 92Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.DScore 26Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 76Category rank
Our read on CNEQ
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.
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
- The 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.
- At 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.
- Trades easily for a young, concentrated fund. Tight, orderly execution is one of its stronger marks against active US growth peers.
- Lands in the upper half of a crowded active US growth cohort on our overall read.
Worth knowing
- Concentration cuts both ways. With no more than 30 names, a single stumble lands far harder here than in a broad index fund.
- Cheaper routes into active US large-cap growth exist: JUSA at 0.12% and FELG at 0.18%, both running much wider portfolios.
- Launched in 2024, so the record is short and hasn't been tested across a full market cycle.
CNEQ Holdings
- Stocks
- 30
- 62%
- NVDA
Sectors
- Technology52.2%
- Communication15.6%
- Consumer Discr.10.9%
- Industrials10.8%
- Health Care5.5%
- Utilities2.8%
- Financials2.2%
Geography
- United States84.83%
- Taiwan5.99%
- Netherlands4.68%
- Singapore2.85%
- Denmark1.65%
CNEQ Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 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.
| Period | CNEQ |
|---|---|
| Year to date | +19.9% |
| 1 month | +4.1% |
| 3 months | +0.5% |
| 1 year | +17.4% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | CNEQ |
|---|---|---|
| 2026 YTD | +19.9% | |
| 2025 | +33.6% | |
| 2024 | +28.8% |
CNEQ in the news
ETF.net Research hasn’t filed on CNEQ yet — coverage lands here as it’s written.
CNEQ Dividends
- 0.44%
- $0.18
- $0.18 per share
- Irregular
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Dec 18, 2025 | Dec 31, 2025 | $0.18 |
| Dec 18, 2024 | Dec 31, 2024 | $0.04 |
CNEQ Risk
- 23.6%
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.
- 1.28
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.
- −27.6%
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.
- 1.71
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
- The middle half of US Active Growth funds
- Median 0.56%
42 of the 89 US Active Growth funds charge less.