Core Insights - The technology sector has been a significant growth driver for investors over the past few years, dominating the S&P 500 for over two decades [1][2] - Despite concerns about high valuations, the tech sector is expected to continue delivering growth through innovation, particularly in artificial intelligence and cloud computing [2][3] Technology Sector Overview - The tech sector's growth is fueled by ongoing innovation, especially in AI and cloud computing, which raises concerns about whether current valuations can be sustained [2] - The sector is believed to be in a prime position for dynamic growth due to increasing AI adoption and the demand for AI infrastructure [3] Investment Strategy - A large-cap strategy with a focus on the tech sector may provide a viable investment path, exemplified by the Alger Concentrated Equity ETF (CNEQ) [4] - CNEQ is an actively managed fund that aims for long-term growth by maintaining a disciplined portfolio of 30 holdings or fewer, allowing for targeted investment in high-potential companies [5] Fund Composition - As of September 30, 2025, over 50% of CNEQ's portfolio is allocated to the information technology sector, despite being sector-agnostic [6] - CNEQ includes leading tech companies such as Nvidia, Microsoft, Alphabet, and Meta, which are capitalizing on growth opportunities in AI [7] Performance Metrics - CNEQ has shown strong performance, with a year-to-date NAV increase of 36.26% as of October 7, 2025, indicating its potential as a solution for advisors focusing on long-term tech sector growth [9]

Core Insights - Fred Alger Management, LLC has surpassed $600 million in assets under management for its suite of ETFs, highlighting its strong investment performance in innovative companies with long-term growth potential [1][2] - The Alger 35 ETF (ATFV) has outperformed the S&P 500 by 2,102 basis points this year, delivering a total return of 39.85% as of September 30, 2025 [2][3] - The Alger AI Enablers & Adopters ETF (ALAI) and Alger Concentrated Equity ETF (CNEQ) have also shown strong performance, with returns of 42.71% and 35.91% respectively, significantly exceeding the S&P 500's return of 14.83% [3][4] Company Overview - Founded in 1964, Fred Alger Management is recognized as a pioneer in growth-style investment management, focusing on companies undergoing Positive Dynamic Change [6] - The company is privately held and headquartered in New York City, managing approximately $32.8 billion in assets [1][6] - Alger's investment philosophy emphasizes identifying transformational and disruptive growth companies, particularly in the context of accelerating AI adoption [2][4] ETF Performance - The Alger 35 ETF (ATFV) has shown impressive annual returns, with a year-to-date return of 39.85% and a one-year return of 59.36% as of September 30, 2025 [7] - The Alger AI Enablers & Adopters ETF (ALAI) has delivered a year-to-date return of 42.71% and a one-year return of 61.95% since its inception in April 2024 [8] - The Alger Concentrated Equity ETF (CNEQ) has achieved a year-to-date return of 35.91% and a one-year return of 52.58%, also since its launch in April 2024 [9] Strategic Focus - Alger's ETFs are actively managed, with a focus on high-conviction holdings in sectors poised for growth, particularly in AI and technology [4][5] - The company aims to provide a diverse range of investment strategies to meet the needs of financial advisors and their clients, with actively managed ETFs being a key component of their growth-focused approach [5]