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Alger Emerging Markets Fund (AIEMX)

Mutual Fund · Currency in USD · Last updated May 27, 2023

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

ISINUS0155667712
IssuerAlger
Inception DateDec 28, 2010
CategoryEmerging Markets Diversified
Minimum Investment$0
Asset ClassMulti-Asset

Asset Class Size

Large-Cap

Asset Class Style

Growth

Expense Ratio

The Alger Emerging Markets Fund has a high expense ratio of 1.45%, indicating higher-than-average management fees.


1.45%
0.00%2.15%

Share Price Chart


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Performance

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.


0.00%50.00%100.00%150.00%200.00%December2023FebruaryMarchAprilMay
6.18%
230.32%
AIEMX (Alger Emerging Markets Fund)
Benchmark (^GSPC)

S&P 500

Compare to other instruments

Search for stocks, ETFs, and funds to compare with AIEMX

Alger Emerging Markets Fund

Return

Alger Emerging Markets Fund had a return of 1.47% year-to-date (YTD) and -8.67% in the last 12 months. Over the past 10 years, Alger Emerging Markets Fund had an annualized return of 1.37%, while the S&P 500 had an annualized return of 9.85%, indicating that Alger Emerging Markets Fund did not perform as well as the benchmark.


PeriodReturnBenchmark
1 month1.82%0.86%
Year-To-Date1.47%9.53%
6 months3.59%6.09%
1 year-8.67%1.14%
5 years (annualized)-1.32%9.10%
10 years (annualized)1.37%9.85%

Monthly Returns Heatmap


JanFebMarAprMayJunJulAugSepOctNovDec
20237.71%-7.89%3.54%-2.98%
2022-1.07%10.92%-4.55%

Risk-Adjusted Performance

This table presents a comparison of risk-adjusted performance metrics for Alger Emerging Markets Fund (AIEMX) and S&P 500 (^GSPC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.


Sharpe ratioSortino ratioOmega ratioCalmar ratioUlcer Index
AIEMX
Alger Emerging Markets Fund
-0.25
^GSPC
S&P 500
0.27

Sharpe Ratio Chart

The Sharpe ratio shows whether the portfolio's excess returns are due to smart investment decisions or a result of taking a higher risk. The higher a portfolio's Sharpe ratio, the better its risk-adjusted performance.

The current Alger Emerging Markets Fund Sharpe ratio is -0.25. A negative Sharpe ratio means that the risk-free rate is higher than the portfolio's return. This value does not convey any meaningful information.

The chart below displays rolling 12-month Sharpe Ratio.


-1.00-0.500.00December2023FebruaryMarchAprilMay
-0.25
0.27
AIEMX (Alger Emerging Markets Fund)
Benchmark (^GSPC)

Dividend History

Alger Emerging Markets Fund granted a 0.00% dividend yield in the last twelve months. The annual payout for that period amounted to $0.00 per share.


PeriodTTM20222021202020192018201720162015201420132012
Dividend$0.00$0.00$0.55$0.00$0.51$0.20$0.40$0.00$0.00$0.00$0.00$0.17

Dividend yield

0.00%0.00%4.19%0.00%5.30%2.57%4.02%0.00%0.04%0.00%0.00%2.15%

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.


JanFebMarAprMayJunJulAugSepOctNovDec
2023$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
2021$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.55
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
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
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
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
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
2015$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
2014$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
2013$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
2012$0.17

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.


-45.00%-40.00%-35.00%-30.00%-25.00%-20.00%-15.00%-10.00%December2023FebruaryMarchAprilMay
-40.86%
-12.32%
AIEMX (Alger Emerging Markets Fund)
Benchmark (^GSPC)

Worst Drawdowns

The table below shows the maximum drawdowns of the Alger Emerging Markets Fund. A maximum drawdown is an indicator of risk. It shows a reduction in portfolio value from its maximum due to a series of losing trades.

The maximum drawdown since January 2010 for the Alger Emerging Markets Fund is 46.21%, recorded on Oct 24, 2022. The portfolio has not recovered from it yet.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-46.21%Feb 18, 2021425Oct 24, 2022
-35.8%Jan 29, 2018541Mar 23, 202093Aug 4, 2020634
-30.66%Apr 27, 2011111Oct 3, 2011733Sep 4, 2014844
-29.06%Sep 8, 2014361Feb 11, 2016315May 15, 2017676
-10.01%Jan 5, 201149Mar 16, 201126Apr 21, 201175

Volatility Chart

The current Alger Emerging Markets Fund volatility is 4.39%, 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.


3.00%4.00%5.00%6.00%7.00%8.00%December2023FebruaryMarchAprilMay
4.39%
3.82%
AIEMX (Alger Emerging Markets Fund)
Benchmark (^GSPC)