AYEMX — Alger Emerging Markets Fund
Data updated: 2026-09-25
AYEMX — Alger Emerging Markets Fund. Emerging Markets Small Cap Growth Equity · $22.35M AUM. Holdings, fees, performance and SEC filings.
AYEMX Fund Overview
AYEMX — Alger Emerging Markets Fund is a US mutual fund managed by Alger Funds II, categorised as Emerging Markets Small Cap Growth Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Alger Funds II
- Category: Emerging Markets Small Cap Growth Equity
- Assets under management: $22.35M
- Ticker: AYEMX
- SEC CIK: 0000092751
- SEC series ID: S000030688
- Share class ID: C000169580
AYEMX Investment Objective and Strategy
Alger Emerging Markets Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Alger Funds II.
Investment objective
Alger Emerging Markets Fund seeks long-term capital appreciation.
Principal investment strategy
Fred Alger Management, Inc. believes companies undergoing Positive Dynamic Change offer the best investment opportunities. Positive Dynamic Change refers to companies realizing High Unit Volume Growth or companies undergoing Positive Lifecycle Change. High Unit Volume Growth companies are traditional growth companies experiencing, for example, significantly growing demand or market dominance. Positive Lifecycle Change companies are, for example, companies benefitting from regulatory change, a new product introduction or management change. 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.
Fred Alger Management, Inc. 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. 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 country issuer may also include an exchange-traded fund that is principally invested in equity securities of emerging 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's portfolio manager(s) may sell a stock when it reaches a target price, it fails to perform as expected, or other opportunities appear more attractive. The Fund can leverage, that is, borrow money to purchase additional securities. By borrowing money, the Fund has the potential to increase its returns if the increase in the value of the securities purchased exceeds the cost of borrowing, including interest paid on the money borrowed.
However, leverage also has the potential to magnify any decrease in the value of the purchased securities.
AYEMX Holdings
Top 10 holdings of Alger Emerging Markets Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Taiwan Semiconductor Manufacturing Company Ltd. | 15.02% |
| Samsung Electronics Co. Ltd. | 7.53% |
| Tencent Holdings Ltd. | 4.63% |
| Sk Square Co. Ltd. | 3.69% |
| Credicorp Ltd. | 3.20% |
| International Container Terminal Services, Inc. | 3.10% |
| Otp Bank Nyrt | 3.04% |
| Tvs Motor Co. Ltd. | 2.67% |
| Pricesmart, Inc. | 2.47% |
| Delta Electronics, Inc. | 2.47% |
AYEMX Portfolio Allocation
Asset-class allocation of Alger Emerging Markets Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 98.2% |
| Cash & Equivalents | 2.4% |
AYEMX Costs and Fees
AYEMX costs about $95 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.95%
- Gross expense ratio: 1.59%
- Portfolio turnover: 52%
- Brokerage commissions: 21.51 bps of average net assets (SEC N-CEN)
AYEMX Cashflows
Over the 12 months to 2026-04, Alger Emerging Markets Fund had net outflows of $512.92K, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-04 | $514.20K |
| 2026-03 | −$364.75K |
| 2026-02 | $240.01K |
| 2026-01 | −$347.53K |
| 2025-12 | −$16.02K |
| 2025-11 | −$448.34K |
AYEMX Debt Constituents
No individual debt constituents are reported in Alger Emerging Markets Fund's latest SEC N-PORT filing.
AYEMX Prospectus and SEC Filings
Official Alger Emerging Markets Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2025-02-26
- Prospectus supplement (497) — filed 2026-03-05
- Prospectus supplement (497) — filed 2025-03-04
- Portfolio holdings (N-PORT) — filed 2026-09-25
- Portfolio holdings (N-PORT) — filed 2026-06-26
- Portfolio holdings (N-PORT) — filed 2026-03-27
- Annual census (N-CEN) — filed 2026-01-14
- Annual census (N-CEN) — filed 2025-01-13
Related Funds
Related funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.