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15 important things you should know about Alger ACEMX mutual fund

Updated: September 27, 2020
40
Bull Case
  • 3-year return above the benchmark
  • 5-year return above the benchmark
Bear Case
  • Low net assets
  • High expense ratio
  • Sales load and/or distribution fees

Before we start: if you’re looking for ACEMX “stock” price, you can quickly find it out by visiting Finny and typing "ACEMX quote". If you’re looking for a quick scoop on ACEMX "stock" (price chart, key stats, buy or sell analysis and holdings), go to Finny and look for "ACEMX". You’ll get all this info in one place.

Are you looking to buy or sell ACEMX? Or perhaps you’re looking for ACEMX fact sheet, and learn about its alternatives? If so, you came to the right place.

In this ACEMX mutual fund review, we’ll address key questions our readers have been asking us about this fund, above and beyond what you can find in its prospectus, and on Morningstar or Yahoo Finance.

Here is what you’ll be able to find in this review:

  • Fact Sheet: ACEMX performance, returns, expense ratio, holdings and dividend yield;
  • Analysis: ACEMX buy or sell; the pros and cons of investing in ACEMX mutual fund;
  • Alternatives: other ETFs and mutual funds you should consider as alternatives to ACEMX.

And here is the list of questions we’ll answer:

  1. Describe Alger Funds II: Alger Emerging Markets Fund; Class C Shares (ACEMX).
  2. What are ACEMX holdings?
  3. What is ACEMX performance? What are ACEMX historical returns?
  4. How many up and down years did ACEMX have historically?
  5. What is ACEMX dividend yield?
  6. What is ACEMX minimum initial investment amount?
  7. What is ACEMX expense ratio?
  8. Does ACEMX have any sales loads or 12b-1 distribution expenses?
  9. What is ACEMX tax efficiency (tax-cost ratio)?
  10. What is ACEMX beta? How would you assess ACEMX risk?
  11. What is ACEMX Sharpe ratio?
  12. What is ACEMX Finny Score? ACEMX buy or sell?
  13. What are the pros of investing in ACEMX? What are ACEMX buy reasons?
  14. What are the cons of investing in ACEMX? What are ACEMX sell reasons?

So let’s start. Scroll down to the question that interests you the most.

Fact Sheet

1. Describe Alger Funds II: Alger Emerging Markets Fund; Class C Shares (ACEMX).

The Fund seeks long-term capital appreciation. 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.

2. What are ACEMX top holdings?

ACEMX has 77 stock holdings and 0 bond holdings.

The top 10 holdings represent 46.70% of total assets. Here are the top holdings:

Name Symbol % Assets
Tencent Holdings Ltd 00700 9.29%
Alibaba Group Holding Ltd ADR BABA 7.37%
Samsung Electronics Co Ltd 005930.KS 5.43%
China Feihe Ltd Ordinary Shares 06186 4.59%
Jumbo SA BELA 3.77%
Sany Heavy Industry Co Ltd 600031 3.57%
Orion Corp (Spin Co) 271560.KS 3.45%
EPAM Systems Inc EPAM 3.16%
The a2 Milk Co Ltd A2M.NZ 3.05%
Manappuram Finance Ltd 531213.BO 3.02%

3. What is ACEMX performance? What are ACEMX historical returns?

ACEMX has generated the following returns:

  • 1-month return is 1.00%;
  • 3-month return is 13.76%;
  • 1-year return is 26.82%;
  • 3-year return is 4.06%;
  • 5-year return is 8.85%.

4. How many up and down years did ACEMX have historically?

In the last 10 years, ACEMX had 6 up years and 4 down years.

ACEMX up and down years

5. What is ACEMX dividend yield?

ACEMX yield is 4.04%.

6. What is ACEMX minimum initial investment amount?

ACEMX minimum initial investment amount is $1.00K.

7. What is ACEMX expense ratio?

ACEMX expense ratio is 2.3%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

ACEMX expenses

8. Does ACEMX have any sales loads or 12b-1 distribution expenses?

ACEMX 12b-1 distribution fee is 1. ACEMX front-end sales load is 0. ACEMX back-end sales load is 1.

9. What is ACEMX tax efficiency (tax-cost ratio)?

  • 1-year ax cost ratio is 1.6%;
  • 3-year ax cost ratio is 1.16%.
ACEMX tax costs

10. What is ACEMX beta? How would you assess ACEMX risk?

  • 3-year beta is 1.12;
  • 5-year beta is 1.11.
ACEMX Beta

11. What is ACEMX Sharpe ratio?

  • 3-year Sharpe ratio is 0.15;
  • 5-year Sharpe ratio is 0.19.
ACEMX Sharpe ratio

Analysis

12. What is Finny Score? buy or sell?

Finny Score is 40. Our quantitative analysis shows 2 reasons to buy and 3 reasons to sell it, resulting in the Finny Score of 40.

13. What are the pros of investing in ACEMX? What are ACEMX buy reasons?

The following are ACEMX strengths from our perspective:

  • <strong>ACEMX 3-year return</strong> is 4.06%, which is higher than the 3-year return of the benchmark index (MSCI EM NR USD), 1.85%.
  • <strong>ACEMX 5-year return</strong> is 8.85%, which is higher than the 5-year return of the benchmark index (MSCI EM NR USD), 8.49%.

14. What are the cons of investing in ACEMX? What are ACEMX negatives?

The following are ACEMX weaknesses from our perspective:

  • <strong>ACEMX net assets</strong> are $2.80 million. This fund is not a popular choice with retail investors.
  • <strong>ACEMX expense ratio</strong> is 2.3%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
  • Warning: this fund has a 12b1 and deferred sales fee. The maximum 12b1 fee is 1%, while the maximum deferred sales load is 1%. A 12b-1 fee is an annual marketing or distribution fee on a mutual fund. Deferred sales load is a back-end sales charge and is imposed when an investor redeems shares.
In the ACEMX review, we covered ACEMX key stats (return, performance, yield, expense ratio, and holdings), buy and sell analysis, and alternative investments. If this review was helpful to you, feel free to check out other mutual fund and ETF reviews.
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