Alger Emerging Markets Fund (AIEMX)
The investment seeks long-term capital appreciation. The fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities, including common stocks, American Depositary Receipts and Global Depositary Receipts, of emerging country issuers. It generally invests in at least three emerging countries, and, at times, may invest a substantial portion of its assets in a single emerging country. The fund may invest in companies of any market capitalization, from larger, well-established companies to small, emerging growth companies.
Fund Info
US0155667712
Dec 28, 2010
$0
Large-Cap
Growth
Expense Ratio
AIEMX has a high expense ratio of 1.45%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Alger Emerging Markets Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Alger Emerging Markets Fund had a return of 9.69% year-to-date (YTD) and 13.55% in the last 12 months. Over the past 10 years, Alger Emerging Markets Fund had an annualized return of 3.67%, while the S&P 500 had an annualized return of 11.47%, indicating that Alger Emerging Markets Fund did not perform as well as the benchmark.
AIEMX
9.69%
-2.57%
3.39%
13.55%
3.80%
3.67%
^GSPC (Benchmark)
27.68%
2.72%
13.90%
32.81%
14.15%
11.47%
Monthly Returns
The table below presents the monthly returns of AIEMX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -1.20% | 4.85% | 0.96% | -0.67% | 1.35% | 3.32% | 0.09% | 0.92% | 3.45% | -3.60% | -2.37% | 9.69% | |
| 2023 | 7.71% | -7.89% | 3.54% | -2.98% | 0.00% | 7.85% | 9.07% | -4.55% | -5.67% | -4.73% | 8.91% | 3.62% | 13.49% |
| 2022 | -7.80% | -7.05% | -3.30% | -7.39% | -0.40% | -4.60% | -0.73% | 0.85% | -11.74% | -1.07% | 10.92% | -4.55% | -32.52% |
| 2021 | 4.02% | 2.46% | -5.21% | 1.30% | 1.43% | 5.49% | -3.94% | 1.60% | -5.20% | 0.94% | -2.79% | 0.13% | -0.45% |
| 2020 | -1.60% | -2.95% | -16.26% | 11.65% | 5.16% | 8.22% | 9.76% | 4.31% | -1.38% | 1.22% | 9.92% | 7.46% | 37.17% |
| 2019 | 9.07% | 0.43% | 0.85% | 2.95% | -7.06% | 5.83% | -1.14% | -3.26% | 1.74% | 3.95% | 0.82% | 6.93% | 21.98% |
| 2018 | 6.22% | -5.27% | 0.44% | -3.60% | -2.37% | -4.20% | 0.59% | -3.78% | -1.61% | -10.75% | 4.24% | -3.15% | -21.81% |
| 2017 | 7.24% | 1.88% | 2.72% | 2.33% | 3.21% | 1.60% | 5.42% | 2.06% | 0.37% | 2.47% | 0.89% | 3.18% | 38.72% |
| 2016 | -6.81% | -3.92% | 11.28% | 0.49% | -1.21% | 2.46% | 5.04% | 2.51% | 1.67% | -0.88% | -5.75% | -1.17% | 2.43% |
| 2015 | 0.90% | 1.67% | 0.44% | 6.00% | -1.44% | -2.30% | -5.45% | -9.38% | -1.50% | 7.59% | -1.76% | -1.52% | -7.61% |
| 2014 | -6.19% | 5.12% | -0.33% | -0.87% | 3.29% | 3.29% | -1.34% | 3.54% | -6.63% | 0.97% | -1.81% | -3.37% | -5.02% |
| 2013 | 1.22% | -0.55% | -0.33% | 1.88% | -0.98% | -7.14% | 2.13% | -1.85% | 6.14% | 5.79% | -0.42% | -1.06% | 4.23% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of AIEMX is 16, indicating that it is in the bottom 16% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Alger Emerging Markets Fund (AIEMX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Alger Emerging Markets Fund provided a 0.00% dividend yield over the last twelve months, with an annual payout of $0.00 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.51 | $0.20 | $0.40 | $0.00 | $0.00 |
Dividend yield | 0.00% | 0.00% | 0.00% | 0.11% | 0.00% | 5.08% | 2.35% | 3.58% | 0.00% | 0.04% |
Monthly Dividends
The table displays the monthly dividend distributions for Alger Emerging Markets Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.01 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.51 | $0.51 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.20 | $0.20 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.40 | $0.40 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2015 | $0.00 | $0.00 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Alger Emerging Markets Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Alger Emerging Markets Fund was 46.21%, occurring on Oct 24, 2022. The portfolio has not yet recovered.
The current Alger Emerging Markets Fund drawdown is 27.45%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -46.21% | Feb 18, 2021 | 425 | Oct 24, 2022 | — | — | — |
| -35.8% | Jan 29, 2018 | 541 | Mar 23, 2020 | 93 | Aug 4, 2020 | 634 |
| -30.66% | Apr 27, 2011 | 111 | Oct 3, 2011 | 733 | Sep 4, 2014 | 844 |
| -29.06% | Sep 8, 2014 | 361 | Feb 11, 2016 | 315 | May 15, 2017 | 676 |
| -10.01% | Jan 5, 2011 | 49 | Mar 16, 2011 | 26 | Apr 21, 2011 | 75 |
Volatility
Volatility Chart
The current Alger Emerging Markets Fund volatility is 3.55%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.