Alger Emerging Markets Fund Class C (ACEMX)
| Fund Assets | 24.39M |
| Expense Ratio | 2.30% |
| Min. Investment | $1,000 |
| Turnover | 52.39% |
| Dividend (ttm) | n/a |
| Dividend Yield | n/a |
| Dividend Growth | n/a |
| Payout Frequency | n/a |
| Ex-Dividend Date | n/a |
| Previous Close | 14.80 |
| YTD Return | 22.62% |
| 1-Year Return | 35.88% |
| 5-Year Return | 8.84% |
| 52-Week Low | 10.83 |
| 52-Week High | 15.94 |
| Beta (5Y) | 0.89 |
| Holdings | 42 |
| Inception Date | Dec 29, 2010 |
About ACEMX
The Alger Emerging Markets Fund Class C is an actively managed mutual fund focused on long-term capital appreciation by investing primarily in equities from emerging market countries. At least 80% of its net assets, along with any borrowings for investment purposes, are allocated to equity securities of companies operating within developing regions across Asia, Latin America, and other emerging markets. The fund employs a diversified approach, typically holding a broad range of stocks across various sectors and industries to capture economic growth and evolving opportunities in these dynamic markets. By targeting emerging economies, the fund aims to participate in regions with higher growth potential compared to developed markets, while also managing the distinct risks associated with political, economic, and currency volatility. Managed by Fred Alger Management, LLC, this fund is positioned within the diversified emerging-markets category, providing investors with exposure to global growth trends outside more established economies.
Performance
ACEMX had a total return of 35.88% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.30%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
Top 10 Holdings
48.37% of assets| Name | Symbol | Weight |
|---|---|---|
| TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LTD TWD10 | 2330 | 14.88% |
| TENCENT HOLDINGS LTD HKD0.00002 | 700 | 5.46% |
| Dreyfus Treasury Obligations Cash Management | DTRXX | 4.79% |
| SAMSUNG ELECTRONICS CO LTD KRW100 | 005930 | 4.54% |
| WEICHAI POWER CO LTD 'H'CNY1 | 2338 | 3.85% |
| SK HYNIX INC KRW5000 | 000660 | 3.32% |
| HD HYUNDAI ELECTRIC CO LTD KRW5000 | 267260 | 3.07% |
| OTP BANK NYRT HUF100 | OTP | 2.91% |
| SK SQUARE CO LTD KRW100 | 402340 | 2.78% |
| SAMSUNG SECURITIES COMPANY LTD KRW5000 | 016360 | 2.77% |