Alger Emerging Markets Fund (AIEMX)

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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.

Alger Emerging Markets Fund (AIEMX) has returned -2.95% so far this year and 20.79% over the past 12 months. Over the last ten years, AIEMX has returned 6.24% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Jan 3, 2011, AIEMX's average daily return is +0.02%, while the average monthly return is +0.34%. At this rate, your investment would double in approximately 17.0 years.

Historically, 54% of months were positive and 46% were negative. The best month was Oct 2011 with a return of +12.4%, while the worst month was Sep 2011 at -17.8%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 7 months.

On a daily basis, AIEMX closed higher 51% of trading days. The best single day was Mar 24, 2020 with a return of +8.6%, while the worst single day was Mar 16, 2020 at -12.1%.

Alger Emerging Markets Fund has an annualized alpha of -5.48%, beta of 0.82, and R² of 0.58 versus S&P 500 Index. Calculated based on daily prices since January 04, 2011.

• This fund participated in 103.99% of S&P 500 Index downside but only 66.65% of its upside — more exposed to losses than it benefited from rallies.
• This fund had an annualized alpha of -5.48% versus S&P 500 Index — delivering less than market exposure alone would predict.

AIEMX has a high expense ratio of 1.45%, indicating above-average management fees.

AIEMX ranks 53 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.

The table below present risk-adjusted performance metrics for Alger Emerging Markets Fund (AIEMX) and compare them to a chosen benchmark (S&P 500 Index).

Alger Emerging Markets Fund provided a 0.05% dividend yield over the last twelve months, with an annual payout of $0.01 per share.

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.

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.

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. Recovery took 836 trading sessions.

The current Alger Emerging Markets Fund drawdown is 15.17%.

The chart below shows the rolling one-month volatility.