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Trending ETFs

Name

As of 03/26/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$10.50

$21.3 M

0.00%

$0.00

2.05%

Vitals

YTD Return

4.9%

1 yr return

19.0%

3 Yr Avg Return

-7.4%

5 Yr Avg Return

4.3%

Net Assets

$21.3 M

Holdings in Top 10

37.9%

52 WEEK LOW AND HIGH

$10.5
N/A
N/A

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 03/26/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$10.50

$21.3 M

0.00%

$0.00

2.05%

AIEMX - Profile

Distributions

  • YTD Total Return 4.9%
  • 3 Yr Annualized Total Return -7.4%
  • 5 Yr Annualized Total Return 4.3%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio -0.53%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Alger Emerging Markets Fund
  • Fund Family Name
    Alger Family of Funds
  • Inception Date
    Dec 29, 2010
  • Shares Outstanding
    N/A
  • Share Class
    I
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Gregory Jones

Fund Description

The Fund is sub-advised by Redwood Investments, LLC (“Redwood”), an affiliate of the Manager (Redwood and the Manager, collectively referred to as the “Manager,” where applicable).  Subject to the general supervision by the Fund’s Board of Trustees, the Manager oversees Redwood and evaluates its performance results. The Manager reviews portfolio performance, compliance with investment guidelines and federal securities laws, and changes in key personnel of Redwood. Redwood is primarily responsible for the day-to-day management of the Fund’s portfolio, including purchases and sales of individual securities.The Fund invests in companies that it believes meet three primary criteria: (1) high quality companies, (2) which are attractively valued, and (3) where the Manager believes that future earnings and free cash flow growth will be meaningfully above what is expected by the market. High quality companies are those companies that offer strong earnings visibility and sustainability because of their durable competitive advantages, capable management teams, and prudent financial management. The Manager focuses on understanding industry and company dynamics to assess company quality, and on identifying and forecasting critical drivers to reach a differentiated view of future growth.The Fund is an all-cap, all-country, opportunistic focus fund which generally holds less than 50 holdings. Fund holdings may differ from this number for a variety of reasons, including, among others, because of extreme market volatility, such as when the Fund has entered a temporary defensive position. Additionally, the Fund may exceed the stated number of holdings when it acquires a new holding and determines that it is in the best interests of shareholders to sell an existing holding over a period of time, instead of immediately selling the entire holding.Under normal circumstances, 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. The Manager may consider classifications including those of the World Bank, the International Finance Corporation, or the United Nations (and its agencies) in determining whether a country is an emerging country. Emerging countries include, but are not limited to, the countries that comprise the MSCI Emerging Markets Index. Currently, most Central and South American, African, Asian and Eastern European nations, among others, are considered emerging countries.The Fund may invest up to 20% of its net assets in equity securities, including common stocks, American Depositary Receipts and Global Depositary Receipts, of frontier country issuers. Frontier countries include, but are not limited to, the countries that comprise the MSCI Frontier Markets Index.For purposes of the Fund’s investment strategies, the issuer of a security is considered to be located in a country if: (i) the company is organized under the laws of, or has a principal office in that country, (ii) the company’s securities are primarily listed in that country, or (iii) a majority of its assets are in, or a majority of its revenue or profits from businesses, investments or sales are from, that country. An emerging or frontier country issuer may also include an exchange-traded fund that is principally invested in equity securities of emerging or frontier market country issuers.The Fund 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.The Fund generally invests a substantial portion of its assets in a smaller number of issuers. The Fund may invest a significant portion of its assets in securities of companies conducting business within a single sector, as defined by third party sources.The Fund may sell a stock when it reaches a target price, it fails to perform as expected, or other opportunities appear more attractive. As a result, the Fund may engage in active trading of portfolio securities.The Fund invests in cash (and cash equivalents) when the Fund is unable to find enough attractive long-term investments to meet its investment objective, to meet redemptions and/or when the Manager believes it is advisable to do so during times of short-term market volatility. During these times, cash (and cash equivalents) will not exceed 15% of the Fund’s net assets.
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AIEMX - Performance

Return Ranking - Trailing

Period AIEMX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.9% -5.9% 14.1% 18.46%
1 Yr 19.0% -6.8% 41.8% 9.97%
3 Yr -7.4%* -22.5% 9.1% 67.14%
5 Yr 4.3%* -7.1% 11.5% 29.59%
10 Yr 2.6%* -2.2% 6.9% 60.61%

* Annualized

Return Ranking - Calendar

Period AIEMX Return Category Return Low Category Return High Rank in Category (%)
2023 13.5% -6.5% 35.5% 17.00%
2022 -32.5% -50.1% -2.4% 90.40%
2021 -4.5% -33.1% 22.5% 44.49%
2020 37.2% -22.1% 80.1% 5.38%
2019 16.0% -0.7% 42.0% 64.91%

Total Return Ranking - Trailing

Period AIEMX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.9% -5.9% 14.1% 18.46%
1 Yr 19.0% -6.8% 41.8% 9.97%
3 Yr -7.4%* -22.5% 9.1% 67.14%
5 Yr 4.3%* -7.1% 11.5% 29.59%
10 Yr 2.6%* -2.2% 6.9% 60.61%

* Annualized

Total Return Ranking - Calendar

Period AIEMX Return Category Return Low Category Return High Rank in Category (%)
2023 13.5% -2.7% 42.0% 31.17%
2022 -32.5% -42.2% 1.9% 94.02%
2021 -0.5% -32.5% 33.1% 46.26%
2020 37.2% -20.0% 81.6% 6.45%
2019 22.0% 2.3% 42.0% 43.22%

NAV & Total Return History


AIEMX - Holdings

Concentration Analysis

AIEMX Category Low Category High AIEMX % Rank
Net Assets 21.3 M 653 K 96.1 B 90.53%
Number of Holdings 41 10 6829 93.07%
Net Assets in Top 10 7.37 M 299 K 17.9 B 90.13%
Weighting of Top 10 37.92% 2.9% 122.2% 30.71%

Top 10 Holdings

  1. NU HOLDINGS LTD/CAYMAN ISL-A 0.00000000 4.87%
  2. TAIWAN SEMICONDUCTOR MANUFAC /TWD/ 0.00000000 4.83%
  3. JUMBO SA /EUR/ 0.00000000 4.36%
  4. PATANJALI FOODS LTD /INR/ 0.00000000 3.84%
  5. PDD HOLDINGS INC 0.00000000 3.70%
  6. TRIP.COM GROUP LTD-ADR 0.00000000 3.45%
  7. MYTILINEOS S.A. /EUR/ 0.00000000 3.37%
  8. BYD CO LTD-H /HKD/ 0.00000000 3.21%
  9. MERCADOLIBRE INC 0.00000000 3.19%
  10. HDFC BANK LIMITED /INR/ 0.00000000 3.10%

Asset Allocation

Weighting Return Low Return High AIEMX % Rank
Stocks
96.36% 0.00% 103.65% 58.13%
Cash
3.64% -2.03% 20.51% 23.47%
Preferred Stocks
0.00% 0.00% 10.17% 60.53%
Other
0.00% -1.64% 50.31% 34.27%
Convertible Bonds
0.00% 0.00% 7.40% 7.52%
Bonds
0.00% 0.00% 94.30% 18.80%

Stock Sector Breakdown

Weighting Return Low Return High AIEMX % Rank
Technology
32.18% 0.00% 47.50% 7.83%
Consumer Cyclical
21.80% 0.00% 48.94% 4.72%
Financial Services
18.43% 0.00% 48.86% 72.47%
Basic Materials
6.17% 0.00% 30.03% 66.40%
Industrials
5.83% 0.00% 43.53% 52.63%
Healthcare
5.44% 0.00% 16.53% 27.13%
Consumer Defense
3.68% 0.00% 25.90% 82.86%
Communication Services
2.38% 0.00% 39.29% 94.74%
Real Estate
2.15% 0.00% 17.15% 33.60%
Energy
1.94% 0.00% 24.80% 76.11%
Utilities
0.00% 0.00% 39.12% 72.20%

Stock Geographic Breakdown

Weighting Return Low Return High AIEMX % Rank
Non US
68.65% 0.00% 100.18% 87.60%
US
27.71% 0.00% 101.58% 8.53%

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% 19.81%
Management Fee 0.75% 0.00% 2.00% 24.30%
12b-1 Fee 0.25% 0.00% 1.00% 18.38%
Administrative Fee 0.03% 0.01% 0.85% 3.54%

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% 81.05%

AIEMX - Distributions

Dividend Yield Analysis

AIEMX Category Low Category High AIEMX % Rank
Dividend Yield 0.00% 0.00% 9.90% 91.87%

Dividend Distribution Analysis

AIEMX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Annual Annual

Net Income Ratio Analysis

AIEMX Category Low Category High AIEMX % Rank
Net Income Ratio -0.53% -1.98% 17.62% 89.63%

Capital Gain Distribution Analysis

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

Distributions History

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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 6.53 13.42