Alger Concentrated Equity ETF (CNEQ)

Alger Concentrated Equity ETF (CNEQ) is an exchange-traded fund in the Large Growth category. It has $731.52M in assets, an expense ratio of 0.56% and a 0.44% dividend yield. Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of large-cap companies that the Manager believes demonstrate promising growth potential. The fund manager intends to invest a substantial portion of its assets in a smaller number of issuers. The fund is non-diversified.