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 |
| Minimum Investment | $0 |
| Asset Class | Multi-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.
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.
Compare to other instruments
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.
| Period | Return | Benchmark |
|---|---|---|
| 1 month | 1.82% | 0.86% |
| Year-To-Date | 1.47% | 9.53% |
| 6 months | 3.59% | 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
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 7.71% | -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 ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index | |
|---|---|---|---|---|---|
AIEMX Alger Emerging Markets Fund | -0.25 | ||||
^GSPC S&P 500 | 0.27 |
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 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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.
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, 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 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.