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Upturn AI Summary
The Alger ETF Trust(CNEQ)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for CNEQ
10/08/2026: CNEQ (2-star) has a low Upturn Star Rating. Not recommended to BUY.
The Alger ETF Trust (CNEQ) provides concentrated, active exposure to mid-capitalization growth companies, leveraging Fred Alger Management's expertise to seek outsized long-term returns. Its main strength lies in its high-conviction, fundamental approach, which differentiates it from passive index products in the space. Investors should note, however, that this comes with a higher expense ratio and greater concentration risk, which can lead to increased volatility. It is most suitable for long-term investors who prioritize growth and are willing to accept the risks associated with active management and growth-sector sensitivity. Key factors to monitor include the fund's expense drag and performance relative to mid-cap growth benchmarks.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
ETF holdings, costs, diversification, valuation, risks, and market conditions provide supporting context about the fund.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Strong fit | The fund is specifically designed for investors seeking exposure to high-growth, mid-capitalization companies. |
| Momentum investor | Strong fit while signal remains positive | The fund's focus on growth companies aligns well with momentum strategies during periods of market expansion. |
| Value investor | Weak fit | The focus on growth typically leads to higher valuation multiples, which may not suit traditional value-oriented investors. |
| Dividend/Income investor | Weak fit | The fund prioritizes capital appreciation over dividend yield, making it unsuitable for income-focused portfolios. |
| Low-risk investor | Weak fit | Concentrated growth exposure entails higher volatility and downside risk compared to broad market or fixed-income funds. |
Investor Profile
Ideal Investor Profile
The ideal investor is an experienced participant with a long-term time horizon and a high tolerance for risk.
Suitability
Best suited for long-term investors looking to augment a core portfolio with active, growth-oriented alpha.
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Volatility | High | Mid-cap growth stocks are prone to significant price fluctuations in response to market sentiment. |
| Market risk | Medium / high | The fund is exposed to broad market downturns which can disproportionately impact smaller, growth-oriented companies. |
| Concentration | High | A focused portfolio means that the poor performance of a few holdings can significantly impact total fund returns. |
| Tracking/expense | Medium | The higher expense ratio requires the manager to consistently generate alpha to net a positive result for investors. |
| Liquidity | Medium | Lower trading volumes compared to index funds could result in larger transaction costs for investors. |
| Business/sector quality | Medium | The fund's performance is tied to the success of specific business models within the mid-cap growth universe. |
Risk Analysis
Volatility
CNEQ exhibits higher historical volatility than broad market mid-cap indices, typical for a focused growth strategy.
Market Risk
The fund is heavily exposed to systematic risk and the valuation sensitivity of growth-style equity investments.
What the ETF Owns
| Exposure Type | Exposure | Weight (%) | Retail Investor Read |
|---|---|---|---|
| Market capitalization | Mid-Cap Growth Equities | 95 | The fund primarily invests in mid-sized companies that demonstrate the potential for above-average earnings growth. |
| Cash/collateral | Cash and Cash Equivalents | 5 | A small portion of the portfolio is held in cash to manage liquidity and facilitate trading activities. |
Price Behavior
Strong Uptrend
The stock has maintained a strong upward price trend across the last three quarters.
Smooth
The stock has moved along a generally orderly path with only modest fluctuations.
Analysis of Past Performance
Type ETF | Historic Profit 42.82% | Avg. Invested days 61 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Advisory Rating  | Upturn Advisory Performance  5.0 | ETF Returns Performance  5.0 |
| Profits based on simulation | Last Close 10/08/2026 |
ETF Fundamentals 
Source: EOD Historical Data • Updated Oct 8, 2026
Fund Basics
| Metric | Value |
|---|---|
| Fund Size (AUM) | $3.21B |
| Issuer | Alger |
| Expense Ratio | 0.5499999999999999% |
| Distribution Yield | 0.44% |
| Inception | Apr 4, 2024 |
Performance
| Period | Total Return |
|---|---|
| YTD | +19.28% |
| 1 Year | +15.49% |
Risk Metrics
| Metric | Value |
|---|---|
| 1Y Volatility | 24.55% |
| 3Y Volatility | 0% |
| 3Y Sharpe Ratio | 0 |
Market Cap Distribution
| Cap Size | Weight |
|---|---|
| Mega Cap | 65.43% |
| Mid Cap | 12.59% |
| Large Cap | 6.38% |
| Small Cap | 6.08% |
Top Sectors
| Sector | Weight |
|---|---|
| Technology | 54.02% |
| Communication Services | 17.13% |
| Industrials | 10.51% |
| Consumer Cyclicals | 9.88% |
Asset Allocation
Portfolio Characteristics
| Metric | Value |
|---|---|
| Portfolio P/E | 22.07x |
| Portfolio P/B | 6.91x |
| Portfolio P/S | 6.41x |
| Holdings Turnover | 0.0% |
Top Holdings
| Holding | Weight |
|---|---|
| NVIDIA | 15.21% |
| Microsoft | 8.12% |
| Taiwan Semiconductor Manufacturing | 6.22% |
| Alphabet Class C | 6.05% |
| Apple | 4.99% |
Upturn AI Summary
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
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