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AAEMX Alger Emerging Markets A

  • Fund
  • AAEMX
  • Price as of: Jul 15, 2019
  • $9.74 + $0.03 + 0.31%
  • Category
  • Emerging Markets Equities

AAEMX - Profile

Vitals

  • YTD Return 12.3%
  • 3 Yr Annualized Return 4.2%
  • 5 Yr Annualized Return -0.1%
  • Net Assets $26.6 M
  • Holdings in Top 10 31.3%

52 WEEK LOW AND HIGH

$9.74
$8.42
$10.58

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.77%

SALES FEES

  • Front Load 5.25%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 105.23%

TRADING FEES

  • Max Redemption Fee 2.00%

Min Investment

STANDARD (TAXABLE)

$1,000

IRA

$500

Investment Themes

CATEGORY

Emerging Markets Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Diversified Emerging Mkts

Distributions

  • YTD Total Return 12.3%
  • 3 Yr Annualized Total Return 4.9%
  • 5 Yr Annualized Total Return 0.3%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio -0.01%
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 Deborah Velez Medenica

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.

AAEMX - Performance

Return Ranking - Trailing

Period AAEMX Return Category Return Low Category Return High Rank in Category (%)
YTD 12.3% 0.0% 24.7% 27.25%
1 Yr -6.1% -36.9% 10.1% 53.24%
3 Yr 4.2%* -8.0% 54.8% 77.13%
5 Yr -0.1%* -19.5% 24.1% 48.98%
10 Yr N/A* -8.8% 13.8% N/A

* Annualized


Return Ranking - Calendar

Period AAEMX Return Category Return Low Category Return High Rank in Category (%)
2018 -23.5% -41.9% 0.0% 86.02%
2017 33.8% 1.8% 49.7% 54.85%
2016 2.4% -23.2% 241.4% 80.97%
2015 -7.7% -47.4% -0.6% 8.70%
2014 -5.0% -46.3% 42.6% 52.05%

Total Return Ranking - Trailing

Period AAEMX Return Category Return Low Category Return High Rank in Category (%)
YTD 12.3% 0.0% 24.7% 27.25%
1 Yr -4.1% -36.9% 10.1% 49.31%
3 Yr 4.9%* -4.1% 59.1% 78.74%
5 Yr 0.3%* -19.5% 28.0% 62.09%
10 Yr N/A* -8.8% 18.6% N/A

* Annualized


Total Return Ranking - Calendar

Period AAEMX Return Category Return Low Category Return High Rank in Category (%)
2018 -21.8% -41.9% 0.0% 84.45%
2017 33.8% 1.8% 50.4% 59.41%
2016 2.4% -10.0% 249.7% 85.22%
2015 -7.7% -33.4% 1.2% 12.15%
2014 -5.0% -46.2% 48.2% 68.86%

NAV & Total Return History

AAEMX - Holdings

Concentration Analysis

AAEMX Category Low Category High AAEMX % Rank
Net Assets 26.6 M 5.4 M 89.1 B 93.92%
Number of Holdings 94 2 5006 61.37%
Net Assets in Top 10 8.97 M 691 K 17.7 B 91.96%
Weighting of Top 10 31.26% 3.9% 539.2% 48.04%

Top 10 Holdings

  1. Tencent Holdings Ltd 6.09%

  2. Alibaba Group Holding Ltd ADR 5.33%

  3. Taiwan Semiconductor Manufacturing Co Ltd 4.27%

  4. Samsung Electronics Co Ltd 3.61%

  5. Ping An Insurance (Group) Co. of China Ltd Class H 2.39%

  6. China Construction Bank Corp Class H 2.28%

  7. Naspers Ltd Class N 2.17%

  8. HDFC Bank Ltd 1.76%

  9. AIA Group Ltd 1.72%

  10. Reliance Industries Ltd 1.65%


Asset Allocation

Weighting Return Low Return High AAEMX % Rank
Stocks
97.72% 0.00% 102.58% 44.12%
Cash
2.28% -4.59% 22.40% 49.41%
Preferred Stocks
0.00% 0.00% 2.93% 37.45%
Other
0.00% -1.18% 15.14% 46.08%
Convertible Bonds
0.00% 0.00% 19.50% 30.98%
Bonds
0.00% -13.31% 94.08% 39.41%

Stock Sector Breakdown

Weighting Return Low Return High AAEMX % Rank
Technology
24.95% 0.00% 36.49% 29.08%
Financial Services
23.80% 0.00% 51.75% 44.99%
Consumer Cyclical
20.00% 0.00% 33.57% 10.61%
Consumer Defense
9.32% 0.00% 44.58% 39.69%
Energy
7.98% 0.00% 24.07% 22.99%
Healthcare
4.56% 0.00% 13.32% 26.33%
Basic Materials
2.80% 0.00% 15.85% 78.19%
Real Estate
2.43% 0.00% 11.64% 45.38%
Industrials
1.22% 0.00% 14.62% 96.86%
Utilities
0.68% 0.00% 52.39% 65.62%
Communication Services
0.00% 0.00% 19.11% 86.64%

Stock Geographic Breakdown

Weighting Return Low Return High AAEMX % Rank
Non US
94.53% 0.00% 102.33% 61.37%
US
3.19% -1.93% 100.31% 15.29%

AAEMX - Expenses

Operational Fees

AAEMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.77% 0.05% 13.96% 32.94%
Management Fee 0.78% 0.00% 2.00% 20.20%
12b-1 Fee 0.25% 0.00% 1.00% 30.33%
Administrative Fee 0.03% 0.00% 0.85% 10.58%

Sales Fees

AAEMX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.25% 0.40% 5.75% 66.34%
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 2.00% 0.40% 2.00% 23.39%

Turnover 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 105.23% 2.00% 238.00% 85.29%

AAEMX - Distributions

Dividend Yield Analysis

AAEMX Category Low Category High AAEMX % Rank
Dividend Yield 0.02% 0.00% 0.20% 17.65%

Dividend Distribution Analysis

AAEMX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Semi-Annually Annually

Dividend Payout History


Net Income Ratio Analysis

AAEMX Category Low Category High AAEMX % Rank
Net Income Ratio -0.01% -1.57% 5.89% 89.02%

Capital Gain Distribution Analysis

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

AAEMX - Managers

Deborah Velez Medenica

Manager

Start Date

Tenure

Tenure Rank

Dec 29, 2010

8.51

8.5%

Ms. Medenica joined AIG Investments in 1997 and the Global Equity Team in 1999. As Managing Director, she is responsible for all emerging market equity investment activities. From 1997 to 1999, she was an investment analyst managing AIG Investments’ on-shore insurance assets in Central America, Mexico, and the Caribbean. Prior to joining AIG Investments, she was an analyst with Baring Asset Management, an Associate with Cambridge Associates and a senior analyst at TD Bank. She is a CFA charterholder.


Tenure Analysis

Category Low

0.5

Category High

13.14

Category Average

7.16

Category Mode

7.84