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CNEQ - ETF AI Analysis
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Alger Concentrated Equity ETF (CNEQ)
Rating:75Outperform
Price Target:
$39.00
Positive Factors
Strong Top Holdings
Several key positions, such as Nvidia and Nebius Group, have delivered strong year-to-date performance, driving the fund’s overall returns.
Sector Focus on Growth Industries
The ETF is heavily weighted in high-growth sectors like Technology and Communication Services, which have strong potential for long-term gains.
Moderate Expense Ratio
The fund’s expense ratio of 0.55% is reasonable compared to actively managed ETFs, helping investors retain more of their returns.
Negative Factors
High Geographic Concentration
With nearly all assets invested in U.S. companies, the ETF lacks diversification across global markets.
Overweight in Technology
The fund’s heavy reliance on the Technology sector (over 38% of assets) increases vulnerability to sector-specific downturns.
Recent Short-Term Underperformance
The ETF experienced a slight decline in one-month performance, which may concern investors seeking consistent short-term gains.
CNEQ vs. SPDR S&P 500 ETF (SPY)
AUM190.69M
RegionNorth America
Expense Ratio0.55%
Beta1.48
IssuerAlger
Inception DateApr 05, 2024
Dividend YieldN/A
Asset ClassEquity
Index TrackedNo Underlying Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume116,893
30 Day Avg. Volume85,466
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
43.13Price Target Upside― Downside
Rating ConsensusStrong Buy
Number of Analyst Covering30
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
CNEQ Summary
The Alger Concentrated Equity ETF (CNEQ) is an investment fund focused on large-cap growth companies, primarily in the U.S. It includes industry leaders like Nvidia and Microsoft, which are known for their innovation and strong growth potential. This ETF targets sectors such as technology, communication services, and consumer cyclical, making it a great option for investors looking to benefit from the growth of top-performing companies. However, because it concentrates on a small number of holdings, its performance can be more volatile and heavily influenced by the success of those specific companies.
How much will it cost me?The Alger Concentrated Equity ETF (CNEQ) has an expense ratio of 0.55%, which means you’ll pay $5.50 per year for every $1,000 invested. This is higher than average because it is actively managed, focusing on a concentrated portfolio of high-growth, large-cap companies.
What would affect this ETF?The Alger Concentrated Equity ETF (CNEQ), with its focus on large-cap growth companies, could benefit from continued innovation and strong earnings growth in sectors like technology and communication services, which dominate its portfolio. However, it may face challenges if interest rates rise, as growth stocks often become less attractive in such environments, or if regulatory changes impact major holdings like Nvidia, Microsoft, or Amazon. Economic slowdowns or shifts in consumer spending could also negatively affect its exposure to consumer cyclical industries.
CNEQ Top 10 Holdings
The Alger Concentrated Equity ETF (CNEQ) leans heavily into technology and communication services, with Nvidia and Microsoft leading the charge. Nvidia’s dominance in AI infrastructure and Microsoft’s cloud growth have kept the fund’s performance buoyant. However, Amazon and Meta Platforms have been more mixed, with Amazon facing challenges in its AWS margins and Meta navigating regulatory hurdles. AppLovin has been a standout, surging on bullish sentiment despite valuation concerns. With a focus on U.S.-based large-cap growth, this fund is a bet on innovation but carries risks tied to sector concentration.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Nvidia | 15.20% | $17.44M | $4.83T | 34.06% | 85 Outperform | |
| Microsoft | 11.25% | $12.91M | $3.82T | 20.70% | 82 Outperform | |
| Amazon | 8.21% | $9.41M | $2.67T | 20.82% | 76 Outperform | |
| Meta Platforms | 6.32% | $7.25M | $1.58T | 11.17% | 71 Outperform | |
| AppLovin | 6.18% | $7.09M | $205.89B | 266.09% | 78 Outperform | |
| TSMC | 4.16% | $4.77M | $1.26T | 51.97% | 81 Outperform | |
| Alphabet Class C | 3.69% | $4.23M | $3.35T | 62.22% | 86 Outperform | |
| Talen Energy Corp | 3.63% | $4.16M | $18.06B | 110.01% | 59 Neutral | |
| Sea | 3.20% | $3.67M | $92.66B | 65.42% | 69 Neutral | |
| Nebius Group | 3.03% | $3.48M | $27.76B | 506.22% | 56 Neutral |
CNEQ Technical Analysis
Positive
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Price Trends
34.59
Positive
32.49
Positive
28.82
Positive
Market Momentum
0.36
Positive
52.17
Neutral
46.90
Neutral
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For CNEQ, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 35.32, equal to the 50-day MA of 34.59, and equal to the 200-day MA of 28.82, indicating a bullish trend. The MACD of 0.36 indicates Positive momentum. The RSI at 52.17 is Neutral, neither overbought nor oversold. The STOCH value of 46.90 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CNEQ.
CNEQ Peer Comparison
Comparison Results
Performance Comparison
CNEQ
Alger Concentrated Equity ETF
35.47
10.33
41.09%
TGRT
T. Rowe Price Growth ETF
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IWLG
IQ Winslow Large Cap Growth ETF
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LRGE
ClearBridge Large Cap Growth ESG ETF
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QDVO
Amplify CWP Growth & Income ETF
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LRGG
Macquarie Focused Large Growth ETF
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Glossary
BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―
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