Name
As of 04/24/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
3.6%
1 yr return
21.9%
3 Yr Avg Return
-9.0%
5 Yr Avg Return
3.2%
Net Assets
$20.9 M
Holdings in Top 10
39.2%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 2.05%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 83.30%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/24/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
AIEMX - Profile
Distributions
- YTD Total Return 3.6%
- 3 Yr Annualized Total Return -9.0%
- 5 Yr Annualized Total Return 3.2%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio -0.53%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameAlger Emerging Markets Fund
-
Fund Family NameAlger Family of Funds
-
Inception DateDec 29, 2010
-
Shares OutstandingN/A
-
Share ClassI
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerGregory Jones
Fund Description
AIEMX - Performance
Return Ranking - Trailing
Period | AIEMX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 3.6% | -9.6% | 11.2% | 41.06% |
1 Yr | 21.9% | -9.4% | 31.2% | 8.96% |
3 Yr | -9.0%* | -24.1% | 7.4% | 72.48% |
5 Yr | 3.2%* | -7.8% | 10.8% | 35.44% |
10 Yr | 2.4%* | -3.1% | 6.2% | 59.85% |
* Annualized
Return Ranking - Calendar
Period | AIEMX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 13.5% | -6.5% | 35.5% | 17.10% |
2022 | -32.5% | -50.1% | -2.4% | 90.49% |
2021 | -4.5% | -33.1% | 22.5% | 44.31% |
2020 | 37.2% | -22.1% | 80.1% | 5.41% |
2019 | 16.0% | -0.7% | 42.0% | 64.86% |
Total Return Ranking - Trailing
Period | AIEMX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 3.6% | -9.6% | 11.2% | 41.06% |
1 Yr | 21.9% | -9.4% | 31.2% | 8.96% |
3 Yr | -9.0%* | -24.1% | 7.4% | 72.48% |
5 Yr | 3.2%* | -7.8% | 10.8% | 35.44% |
10 Yr | 2.4%* | -3.1% | 6.2% | 59.85% |
* Annualized
Total Return Ranking - Calendar
Period | AIEMX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 13.5% | -2.7% | 42.0% | 31.34% |
2022 | -32.5% | -42.2% | 1.9% | 94.13% |
2021 | -0.5% | -32.5% | 33.1% | 46.23% |
2020 | 37.2% | -20.0% | 81.6% | 6.49% |
2019 | 22.0% | 2.3% | 42.0% | 43.13% |
NAV & Total Return History
AIEMX - Holdings
Concentration Analysis
AIEMX | Category Low | Category High | AIEMX % Rank | |
---|---|---|---|---|
Net Assets | 20.9 M | 682 K | 103 B | 91.02% |
Number of Holdings | 39 | 10 | 7049 | 94.50% |
Net Assets in Top 10 | 8.01 M | 118 K | 19.2 B | 89.81% |
Weighting of Top 10 | 39.20% | 0.7% | 122.2% | 28.32% |
Top 10 Holdings
- Taiwan Semiconductor Manufacturing Co Ltd 5.63%
- NU Holdings Ltd/Cayman Islands 4.78%
- JUMBO SA 4.01%
- MercadoLibre Inc 3.94%
- Patanjali Foods Ltd 3.88%
- Taiwan Semiconductor Manufacturing Co Ltd 3.76%
- MakeMyTrip Ltd 3.69%
- Trip.com Group Ltd 3.26%
- Mytilineos SA 3.15%
- PDD Holdings Inc 3.10%
Asset Allocation
Weighting | Return Low | Return High | AIEMX % Rank | |
---|---|---|---|---|
Stocks | 96.83% | 0.00% | 103.65% | 51.34% |
Cash | 3.17% | -2.03% | 99.29% | 25.20% |
Preferred Stocks | 0.00% | 0.00% | 10.09% | 76.27% |
Other | 0.00% | -1.64% | 50.31% | 56.57% |
Convertible Bonds | 0.00% | 0.00% | 7.40% | 41.03% |
Bonds | 0.00% | 0.00% | 94.30% | 48.39% |
Stock Sector Breakdown
Weighting | Return Low | Return High | AIEMX % Rank | |
---|---|---|---|---|
Technology | 32.18% | 0.00% | 47.50% | 7.73% |
Consumer Cyclical | 21.80% | 0.00% | 48.94% | 4.61% |
Financial Services | 18.43% | 0.00% | 48.86% | 72.18% |
Basic Materials | 6.17% | 0.00% | 30.03% | 66.21% |
Industrials | 5.83% | 0.00% | 43.53% | 52.78% |
Healthcare | 5.44% | 0.00% | 16.53% | 27.00% |
Consumer Defense | 3.68% | 0.00% | 25.90% | 82.77% |
Communication Services | 2.38% | 0.00% | 39.29% | 94.57% |
Real Estate | 2.15% | 0.00% | 17.15% | 33.92% |
Energy | 1.94% | 0.00% | 24.80% | 75.85% |
Utilities | 0.00% | 0.00% | 39.12% | 81.41% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | AIEMX % Rank | |
---|---|---|---|---|
Non US | 69.61% | 0.00% | 100.18% | 87.67% |
US | 27.23% | 0.00% | 101.58% | 9.52% |
AIEMX - Expenses
Operational Fees
AIEMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 2.05% | 0.03% | 24.48% | 19.78% |
Management Fee | 0.75% | 0.00% | 2.00% | 26.85% |
12b-1 Fee | 0.25% | 0.00% | 1.00% | 32.18% |
Administrative Fee | 0.03% | 0.01% | 0.85% | 3.10% |
Sales Fees
AIEMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 3.50% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
AIEMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
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.
AIEMX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 83.30% | 0.00% | 189.00% | 80.76% |
AIEMX - Distributions
Dividend Yield Analysis
AIEMX | Category Low | Category High | AIEMX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 10.26% | 95.17% |
Dividend Distribution Analysis
AIEMX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annually | Quarterly | Annual |
Net Income Ratio Analysis
AIEMX | Category Low | Category High | AIEMX % Rank | |
---|---|---|---|---|
Net Income Ratio | -0.53% | -1.98% | 17.62% | 89.71% |
Capital Gain Distribution Analysis
AIEMX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Quarterly | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 15, 2021 | $0.548 | OrdinaryDividend |
Dec 18, 2019 | $0.507 | OrdinaryDividend |
Dec 18, 2018 | $0.202 | OrdinaryDividend |
AIEMX - Fund Manager Analysis
Managers
Gregory Jones
Start Date
Tenure
Tenure Rank
Sep 24, 2019
2.68
2.7%
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.
Pragna Shere
Start Date
Tenure
Tenure Rank
Sep 24, 2019
2.68
2.7%
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.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.09 | 33.71 | 6.54 | 13.42 |