CNEQ ETF — Alger Concentrated Equity ETF

Alger Concentrated Equity ETF (CNEQ)

Updated October 16, 2026.

CNEQ is an ETF. its trailing-12-month yield is 0.47%, its expense ratio is 0.56%. Dividend Vision Distribution Safety Score™ is 50/100 (Unproven). Total return is 92.5% over the past 2.5 years, 40.9 points ahead of SPY at 51.6%.

Alger Concentrated Equity ETF is an ETF that invests at least 80% of its assets in large-cap equity securities selected for promising growth potential, with a non-diversified portfolio concentrated in a smaller number of issuers. The fund carries a low distribution rate, makes annual distributions (with the latest distribution being a one-time special payout that may not recur), and has an expense ratio of 0.56%. This fund may appeal to growth-oriented investors seeking concentrated exposure to large-cap equities, though its non-diversified structure involves higher concentration risk than broadly diversified alternatives.

CNEQ performance versus SPY

Price and return data through 2026-10-16.

Total return is 92.5% over the past 2.5 years, 40.9 points ahead of SPY at 51.6%. Over the past year its total return — price change plus distributions reinvested — is 11.2%. Its deepest 1-year drawdown was 19.3%.

CNEQ key facts

Distribution Safety Score™

50 · Unproven

Issuer

Alger

Asset type

ETF

Asset class

Equity

Inception date

04/04/2024

Expense ratio

0.56%

Distribution frequency

Annual

Trailing yield

0.47%

Last close

$38.44 (as of 2026-10-16)

AUM

$3,211,191,492

Average volume

192098.0

Dividend

$0.18

Ex-dividend date

12/18/2025

Payment date

12/31/2025

Beta

1.6275

How Dividend Vision calculates yield and returns

Distribution rate (the posted rate) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (0.47%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Alger; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

CNEQ risks and drawbacks

Payments are annual, so cash flow is lumpy versus a monthly fund. The deepest 1-year drawdown on record here is 19.3%.

Who may consider CNEQ — and who may not

It is a weaker fit for investors who need monthly cash flow (CNEQ pays annual). This is educational context, not a recommendation to buy or sell.

More on CNEQ

• All tickers starting with C

Frequently asked questions

More securities from Alger.