CNEQ — Alger Concentrated Equity ETF
Alger Concentrated Equity ETF (CNEQ)
CNEQ pays a 0.44% distribution rate, on a 0.56% expense ratio. Its Distribution Safety Score™ is 50 (Caution). Total return is 104.8% over the past 2.4 years, 51.0 points ahead of SPY at 53.8%. Its deepest 1-year drawdown was 19.3%.
Alger Concentrated Equity ETF is an ETF that invests at least 80% of its assets in equity securities of large-cap companies the manager believes offer promising growth potential, with a non-diversified approach concentrated in a smaller number of holdings. The fund has a low current distribution rate and an expense ratio of 0.56%, with distributions made on an irregular basis. This fund may appeal to growth-oriented investors seeking concentrated exposure to large-cap equities rather than broad diversification.
CNEQ key facts
- Distribution Safety Score™
- 50 · Caution
- Issuer
- Alger
- Asset type
- ETF
- Asset class
- Equity
- Inception date
- 04/04/2024
- Expense ratio
- 0.56%
- Distribution rate
- 0.44%
- Trailing yield
- 0.44%
- Last close
- $40.91
- AUM
- $660,632,025
- Average volume
- 140900.0
- Last dividend
- $0.1800
- Ex-dividend date
- 12/18/2025
- Payment date
- 12/31/2025
- Beta
- 1.6275
- P/E ratio
- 31.4569
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