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
ISIN | US0155667712 |
---|---|
Issuer | Alger |
Inception Date | Dec 28, 2010 |
Category | Emerging Markets Diversified |
Min. Investment | $0 |
Asset Class | Multi-Asset |
Asset Class Size | Large-Cap |
Asset Class Style | 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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Compare to other instruments
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Popular comparisons: AIEMX vs. FDGRX
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 7.49% year-to-date (YTD) and 24.25% in the last 12 months. Over the past 10 years, Alger Emerging Markets Fund had an annualized return of 3.12%, while the S&P 500 had an annualized return of 10.64%, indicating that Alger Emerging Markets Fund did not perform as well as the benchmark.
Period | Return | Benchmark |
---|---|---|
Year-To-Date | 7.49% | 7.50% |
1 month | 1.61% | -1.61% |
6 months | 15.70% | 17.65% |
1 year | 24.25% | 26.26% |
5 years (annualized) | 3.67% | 11.73% |
10 years (annualized) | 3.12% | 10.64% |
Monthly Returns Heatmap
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | -1.20% | 4.85% | 0.96% | -0.67% | ||||||||
2023 | -4.73% | 8.91% | 3.62% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of AIEMX is 60, suggesting that the investment has average results relative to the market in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Alger Emerging Markets Fund(AIEMX)
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 granted a 0.00% dividend yield in the last twelve months. The annual payout for that period amounted to $0.00 per share.
Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
---|---|---|---|---|---|---|---|---|---|---|
Dividend | $0.00 | $0.00 | $0.00 | $0.55 | $0.00 | $0.51 | $0.20 | $0.40 | $0.00 | $0.00 |
Dividend yield | 0.00% | 0.00% | 0.00% | 4.19% | 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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | $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 |
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 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
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 28.90%.
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 5.01%, 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.