AAEMX: Alger Emerging Markets A

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AAEMX Alger Emerging Markets A


Profile

AAEMX - Profile

Vitals

  • YTD Return 15.2%
  • 3 Yr Annualized Return 1.4%
  • 5 Yr Annualized Return 7.7%
  • Net Assets $20.6 M
  • Holdings in Top 10 38.6%

52 WEEK LOW AND HIGH

$11.62
$7.37
$11.99

Expenses

OPERATING RELATED FEES

  • Expense Ratio 2.22%

SALES FEES

  • Front Load 5.25%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 80.33%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000
  • IRA $500

Fund Classification


Distributions

  • YTD Total Return 15.2%
  • 3 Yr Annualized Total Return 2.1%
  • 5 Yr Annualized Total Return 8.2%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 0.35%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Alger Emerging Markets Fund
  • Fund Family Name
    Alger
  • Inception Date
    Dec 29, 2010
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Pragna Shere

Fund Description

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.


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Categories

Performance

AAEMX - Performance

Return Ranking - Trailing

Period AAEMX Return Category Return Low Category Return High Rank in Category (%)
YTD 15.2% -33.5% 396.8% 6.59%
1 Yr 22.1% -48.2% 429.6% 8.78%
3 Yr 1.4%* -20.9% 69.3% 33.83%
5 Yr 7.7%* -13.6% 30.7% 41.77%
10 Yr N/A* -12.3% 10.3% N/A

* Annualized

Return Ranking - Calendar

Period AAEMX Return Category Return Low Category Return High Rank in Category (%)
2019 16.4% -19.9% 42.0% 59.76%
2018 -23.5% -41.9% 1.7% 87.66%
2017 33.8% 0.0% 50.3% 52.51%
2016 2.4% -9.2% 241.4% 78.82%
2015 -7.7% -33.9% -1.5% 9.07%

Total Return Ranking - Trailing

Period AAEMX Return Category Return Low Category Return High Rank in Category (%)
YTD 15.2% -33.5% 396.8% 6.59%
1 Yr 22.1% -48.2% 429.6% 8.78%
3 Yr 2.1%* -20.9% 69.3% 33.46%
5 Yr 8.2%* -11.9% 33.7% 41.29%
10 Yr N/A* -12.3% 14.4% N/A

* Annualized

Total Return Ranking - Calendar

Period AAEMX Return Category Return Low Category Return High Rank in Category (%)
2019 16.4% -19.9% 42.0% 59.76%
2018 -21.8% -41.9% 1.7% 83.43%
2017 33.8% 0.0% 50.4% 58.12%
2016 2.4% -9.2% 249.7% 82.23%
2015 -7.7% -33.9% -1.5% 10.62%

NAV & Total Return History


Holdings

AAEMX - Holdings

Concentration Analysis

AAEMX Category Low Category High AAEMX % Rank
Net Assets 20.6 M 202 K 87.9 B 83.62%
Number of Holdings 43 1 4651 92.00%
Net Assets in Top 10 7.06 M 5 23.5 B 83.36%
Weighting of Top 10 38.55% 3.7% 100.0% 45.19%

Top 10 Holdings

  1. Tencent Holdings Ltd 8.99%
  2. Alibaba Group Holding Ltd ADR 5.07%
  3. China Feihe Ltd Ordinary Shares 3.34%
  4. EPAM Systems Inc 3.30%
  5. Hong Kong Exchanges and Clearing Ltd 3.14%
  6. Sany Heavy Industry Co Ltd 3.11%
  7. Samsung Electronics Co Ltd 3.05%
  8. Baidu Inc ADR 2.94%
  9. The a2 Milk Co Ltd 2.81%
  10. Orion Corp (Spin Co) 2.80%

Asset Allocation

Weighting Return Low Return High AAEMX % Rank
Stocks
97.71% 0.00% 101.91% 50.40%
Cash
2.29% -8.91% 100.00% 44.48%
Preferred Stocks
0.00% 0.00% 5.26% 19.36%
Other
0.00% -6.56% 11.95% 23.36%
Convertible Bonds
0.00% 0.00% 0.36% 7.04%
Bonds
0.00% -0.07% 17.76% 18.28%

Stock Sector Breakdown

Weighting Return Low Return High AAEMX % Rank
Consumer Cyclical
25.75% 0.00% 43.44% 9.28%
Consumer Defense
17.90% 0.00% 34.59% 6.40%
Technology
16.89% 0.00% 46.63% 70.24%
Communication Services
15.83% 0.00% 48.60% 35.52%
Financial Services
9.75% 0.00% 58.13% 90.88%
Industrials
5.25% 0.00% 31.05% 47.04%
Healthcare
3.44% 0.00% 26.35% 59.04%
Basic Materials
2.33% 0.00% 17.92% 79.04%
Utilities
1.55% 0.00% 9.57% 38.56%
Energy
1.31% 0.00% 19.42% 79.84%
Real Estate
0.00% 0.00% 15.40% 77.12%

Stock Geographic Breakdown

Weighting Return Low Return High AAEMX % Rank
Non US
94.41% 0.00% 101.66% 66.24%
US
3.30% -6.97% 27.79% 17.44%

Expenses

AAEMX - Expenses

Operational Fees

AAEMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.22% 0.04% 59.58% 23.09%
Management Fee 0.78% 0.00% 2.00% 23.41%
12b-1 Fee 0.25% 0.00% 1.00% 20.95%
Administrative Fee 0.03% 0.01% 1.25% 9.80%

Sales Fees

AAEMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.25% 0.20% 5.75% 61.00%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

AAEMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.25% 2.00% 21.30%

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

AAEMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 80.33% 0.00% 207.48% 78.48%

Distributions

AAEMX - Distributions

Dividend Yield Analysis

AAEMX Category Low Category High AAEMX % Rank
Dividend Yield 0.00% 0.00% 5.04% 12.22%

Dividend Distribution Analysis

AAEMX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Annually Annually

Net Income Ratio Analysis

AAEMX Category Low Category High AAEMX % Rank
Net Income Ratio 0.35% -1.40% 6.05% 82.72%

Capital Gain Distribution Analysis

AAEMX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

AAEMX - Fund Manager Analysis

Managers

Pragna Shere


Start Date

Tenure

Tenure Rank

Sep 24, 2019

0.94

0.9%

Pragna Shere, CFA is Senior Vice President and Portfolio Manager of the Alger Global Focus, Alger International Focus and Alger Emerging Markets strategies. She joined Alger in March 2018 and has 29 years of experience. Prior to joining Alger, Pragna worked at Redwood Investments where she was a portfolio manager responsible for non-U.S. equity strategies. Prior to Redwood Investments, Pragna also held senior investment positions at Ashfield Capital Partners, United Nations Joint Staff Pensions Fund, and Clay Finlay, Inc. Pragna earned her B.A. from State University of New York at Stony Brook, New York. In addition, Pragna is a CFA charterholder and a member of the CFA Institute.

Gregory Jones


Start Date

Tenure

Tenure Rank

Sep 24, 2019

0.94

0.9%

Greg Jones, CFA is Senior Vice President and Portfolio Manager of the Alger Global Focus, Alger International Focus and Alger Emerging Markets strategies. He joined Alger in March 2018 and has 34 years of experience. Prior to joining Alger, Gregory worked at Redwood Investments where he was a portfolio manager responsible for non-U.S. equity strategies. Previously, he was Co-CIO and Portfolio Manager at Ashfield Capital Partners. In addition, Gregory founded Jadeite Capital in 2007, formed to manage APAC, emerging markets, and global long-short equity funds. Prior, Gregory was Managing Director and Senior Portfolio Manager at Clay Finlay, Inc. Gregory earned his B.A. from Duke University, and M.B.A. from The University of Chicago Graduate School of Business. In addition, Gregory is a CFA charterholder and a member of the CFA Institute. Greg also served on the board and management committees of Clay Finlay, Inc. and Ashfield Capital Partners.

Daniel Chung


Start Date

Tenure

Tenure Rank

Sep 24, 2019

0.94

0.9%

Dan Chung, CFA is Chief Executive Officer, Chief Investment Officer and Portfolio Manager of several Alger strategies. Dan joined Alger in 1994 and has 25 years of investment experience. He was named Chief Investment Officer in September 2001, President in 2003, and CEO in 2006. Dan graduated from Stanford University with B.A. and B.S. degrees, with Distinction and Phi Beta Kappa, in 1984. He earned his J.D. magna cum laude from Harvard Law School in 1987, where he was an editor of the Harvard Law Review. After law school, he served as law clerk for the Honorable Justice Anthony M. Kennedy, United States Supreme Court. He joined Simpson Thacher & Bartlett LLP in New York City in 1989 and earned an L.L.M. from New York University. Dan is a CFA charterholder and a member of the CFA Institute. Throughout his tenure at Alger, Dan has made numerous TV appearances on Bloomberg, CNBC, and Fox Business. Dan has also been featured and quoted frequently in Barron’s, Citywire, Forbes, Investment News, Pensions & Investments, USA Today, and the Wall Street Journal.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.13 33.53 6.27 0.75