Equities

Ashmore Emerging Markets Equity ESG Fund

Fund share class
Price
USD 9.85
As at 12 Apr 2024
Dealing frequency
Daily
Fund size
USD 11,335,045
As at 29 Feb 2024
Share class
Institutional
Share class currency
USD
FUND UPDATE December 2023
Ashmore Emerging Markets Equity ESG Fund
Fund information
Assets Inception Benchmark Dividend frequency
USD 11.5 million 26 February 2020 MSCI EM Net1 Quarterly
Fund information
Share Class Symbols CUSIP Total Net
Annual fund operating expenses
Class I ESIGX 044820454 1.97% 1.02%
Class C ESCGX 044820462 3.07% 2.02%
Class A ESAGX 044820470 2.34% 1.27%
Ashmore has contractually agreed to waive or reimburse certain fees and expenses until February 28, 2024. The expense limitation arrangement may only be terminated prior to that date by the Board of Trustees.
Fund objective and strategy
The Fund seeks long-term capital appreciation. Investing principally in equity securities and equity-related investments of Emerging Market Issuers, which may be denominated in any currency, including the local currency of the issuer, focusing on issuers that the Investment Manager believes satisfy the ESG (Environmental, Social and Governance) Criteria.
Period returns as of December 31, 2023
Net returns % 1 month 3 months YTD 1 year 3 years 5 years 10 years Since inception
Class I 2.78 8.33 11.73 11.73 -7.13 -     -     4.10
Benchmark1 3.91 7.86 9.83 9.83 -5.08 -     -     2.02
Excess -1.13 0.47 1.91 1.91 -2.06 -     -     2.07
Calendar year performance
Net returns % 2023 2022 2021 2020 2019 2018 2017
Class I 11.73 -27.73 -0.82 -     -     -     -    
Benchmark1 9.83 -20.09 -2.54 -     -     -     -    
Excess 1.91 -7.64 1.72 -     -     -     -    
Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and net asset value will fluctuate so that shares, when redeemed, may be worth more or less than the original cost. To obtain performance current to the most recent month-end, please call 1-866-876-8294. Periods greater than one year are annualized. Returns are calculated as the movement in net price over the specified performance period, assuming full dividend reinvestment. Changes in rates of exchange between currencies may cause the value of investments to decrease or increase. The information above shows only the performance of the Fund’s Institutional Class Shares. Although Class A and Class C shares would have similar annual returns (because all the Fund’s shares represent interests in the same portfolio of securities), Class A and Class C performance would be lower than Institutional Class performance because of the lower expenses paid by Institutional Class shares of the Fund. The information above does not reflect any sales loads applicable to Class A or Class C shares. The performance shown above would be lower if it reflected sales charges applicable to Class A and Class C shares.
The portfolio holdings are subject to change.
1The MSCI EM is a free float-adjusted market capitalization index that is designed to measure equity market performance in the global Emerging Markets. You cannot invest directly in an index.
Top 10 country exposure % Fund Benchmark Active
Taiwan 26.5 16.0 10.4
China 20.7 26.5 -5.7
India 14.5 16.7 -2.2
South Korea 10.0 13.0 -3.0
Brazil 7.2 5.8 1.4
Mexico 5.8 2.7 3.1
Hong Kong 2.7 0.1 2.6
Saudi Arabia 2.4 4.2 -1.8
Malaysia 2.3 1.3 1.0
United Arab Emirates 2.3 1.3 1.0
Total number of countries 12 26
Sector exposure % Fund Benchmark Active
Information Technology 33.8 22.1 11.7
Health Care 16.2 3.8 12.4
Financials 15.7 22.3 -6.6
Industrials 10.2 6.9 3.3
Materials 5.8 7.8 -2.0
Consumer Discretionary 5.8 12.8 -7.0
Communication Services 5.3 8.8 -3.5
Consumer Staples 3.9 6.0 -2.1
Energy -   5.1 -5.1
Utilities -   2.7 -2.7
Total 96.8 100.0
Top 10 issuers % Country Fund Benchmark Active
Taiwan Semiconductor Manufacturing Co Ltd Taiwan 9.6 6.7 2.9
Tencent Holdings Ltd China 5.3 3.5 1.8
HDFC Bank Ltd India 4.7 0.8 3.9
Fomento Economico Mexicano SAB de CV Mexico 3.9 0.4 3.5
TOTVS SA Brazil 3.8 0.1 3.7
Dentium Co Ltd South Korea 3.6 -   3.6
E Ink Holdings Inc Taiwan 3.2 0.1 3.1
Hongfa Technology Co Ltd China 3.1 0.0 3.1
Hansol Chemical Co Ltd South Korea 2.8 -   2.8
SK Hynix Inc South Korea 2.7 0.8 1.9
Total number of holdings 42 1375
Fund statistics Fund
Median market cap $7.5bn
Standard Deviation 20.4%
Cash and equivalents 3.2%
Median Market Capitalization: The middle market capitalization of the sorted list of holdings.
Standard Deviation: A statistical measure of distribution around an average which depicts how widely returns varied over a certain period of time. When a fund has a high standard deviation, the predicted range of performance is wide, implying greater volatility.
All performance statistics shown over rolling 3 years (or 1 year where 3 years of data is not yet available). The portfolio holdings will change and the information provided should not be considered as a recommendation to purchase or sell a particular security. There is no assurance that the securities mentioned remain in the Fund’s portfolio or that securities sold have not been repurchased.
Investment considerations: It is possible to lose money on an investment in the Fund. The Fund will be affected by the investment decisions, techniques and risk analyses of the Fund’s Investment Manager and there is no guarantee that the Fund will achieve its investment objective. The principal risks of investing in the Fund, which could adversely affect its net asset value, yield and total return are: Foreign investment and Emerging Markets risk: Foreign investments can be riskier than U.S. investments. Potential risks include adverse political and legal developments affecting issuers located and/or doing business in foreign countries, currency risk that may result from unfavorable exchange rates, liquidity risk if decreased demand for a security makes it difficult to sell at the desired price, and risks that stem from substantially lower trading volume on foreign markets. These risks are generally greater for investments in emerging markets, which are also subject to greater price volatility, and custodial and regulatory risks. ESG Criteria Risk: The ESG Criteria applied by the Fund may cause the Fund to perform differently - positively or negatively -when compared to funds that do not take into account similar characteristics. The application of the ESG Criteria may cause the Fund to sell or avoid stocks that subsequently perform well. There is a risk that the issuers identified by the ESG Criteria may not operate sustainably or within such criteria as expected. Furthermore, different interpretations of what it means for an issuer to be sustainable or to have positive ESG metrics may be applied by market participants. Foreign markets: Investments in foreign markets entail special risks such as currency, political, economic, and market risks. The risks of investing in emerging-market countries are greater than the risks generally associated with foreign investments. Frontier market countries generally have smaller economies and even less developed capital markets or legal and political systems than traditional emerging market countries. As a result, the risks of investing in emerging market countries are magnified in frontier market countries, and Equity Securities (stock) Risk: equity securities are more volatile and carry more risk than other forms of investments, including investments in high-grade fixed income securities. The net asset value per share of this fund will fluctuate as the value of the securities in the portfolio changes. For a full description of these and further risks, investors should refer to the fund’s latest prospectus.
Ashmore Funds are distributed by Ashmore Investment Management (US) Corporation.
This material must be preceded or accompanied by a prospectus. An investor should consider the Fund’s objectives, risks, charges and expenses carefully before investing or sending money. This and other important information can be found in the fund’s prospectus. For more information please visit ashmoregroup.com. Please read the prospectus carefully before investing.
Fund launch date
Bloomberg ticker
ESIGX
ISIN
US0448204547
CUSIP
044820454
Dividend frequency
Quarterly
Share class launch date
Currency hedged
No
Domicile
USA
Financial year end
Fund base currency USD
Fund code
40ACT-AEMEFESG
Minimum investment 1,000,000
Minimum additional investment 5,000
Annual management charge %
1.15%
Administrator

The Northern Trust Company (“Northern Trust”)

Auditor

KPMG LLP

Custodian

The Northern Trust Company (the “Custodian”),
PO Box 4766,
Chicago,
IL 60680-4767

Registrar

The Northern Trust Company (the “Transfer Agent”),
PO Box 4766,
Chicago,
IL 60680-4767

Fund Share Class Documents
Click any of the documents below to view and download
Quarterly Fund Card
Quarterly Investment Report
Fund Documents
Click any of the documents below to view and download
Portfolio Holdings
Quarterly fund card (Retail)
Fiscal Year Q3 Holdings
Fiscal Year Q1 Holdings
Statement of Additional Information
Semi Annual Report
Prospectus
Annual Report & Accounts
2022 8937 Ashmore Emerging Markets Equity ESG Fund
40 Act - Range Documents
Click any of the documents below to view and download
40 Act - Estimated 2023 Capital Gain Distributions - 31 October 2023
40 Act - 2022 Section 19 Notice
Ashmore 163(j) Interest Dividend 2022
Dividend Schedule 2023
Application form - I Shares
Application form - A and C Shares
40 Act - Monthly Summary
40 Act - Financial statements Documents
Click any of the documents below to view and download
Semi Annual Report and Accounts (30.04.2011)
Annual Report and Accounts (31.10.2011)
Semi Annual Report and Accounts (30.04.2012)
Annual Report and Accounts (31.10.2012)
Semi Annual Report and Accounts (30.04.2013)
Annual Report and Accounts (31.10.2013)
Semi Annual Report and Accounts (30.04.2014)
Annual Report and Accounts (31.10.2014)
Semi Annual Report and Accounts (30.04.2015)
Annual Report and Accounts (31.10.2015)
Semi Annual Report and Accounts (30.04.2016)
Annual Report and Accounts (31.10.2016)
Semi Annual Report and Accounts (30.04.2017)
Annual Report and Accounts (31.10.2017)
Semi Annual Report and Accounts (30.04.2018)
Annual Report and Accounts (31.10.2018)
Semi Annual Report and Accounts (30.04.2019)
Annual Report and Accounts (31.10.2019)
Annual Report and Accounts (31.10.2020)
Semi Annual Report and Accounts (30.04.2021)
Annual Report and Accounts (31.10.2021)
Semi Annual Report and Accounts (30.04.2022)
Semi Annual Report and Accounts (30.04.2020)

INVESTMENT CONSIDERATIONS: There can be no guarantee that any strategy will be successful. All investing involves risk, including the potential loss of principal. Certain risks related to an investment in the Funds are summarized below:

Foreign Investment & Emerging Markets Risk: Foreign investments can be riskier than U.S. investments. Potential risks include currency risk that may result from unfavorable exchange rates, liquidity risk if decreased demand for a security makes it difficult to sell at the desired price, and risks that stem from substantially lower trading volume on foreign markets. These risks are generally greater for investments in emerging markets, which are also subject to greater price volatility, and custodial and regulatory risks.

Foreign Markets: Investments in foreign markets entail special risks such as currency, political, economic, and market risks. The risks of investing in emerging-market countries are greater than the risks generally associated with foreign investments. Frontier market countries generally have smaller economies and even less developed capital markets or legal and political systems than traditional emerging market countries. As a result, the risks of investing in emerging market countries are magnified in frontier market countries.

Equity securities (stocks) are more volatile and carry more risk than other forms of investments, including investments in high-grade fixed income securities. The net asset value per share of this fund will fluctuate as the value of the securities in the portfolio changes.

Derivatives Risk: Investments in derivatives can be volatile. Potential risks include currency risk, leverage risk (the risk that small market movements may result in large changes in the value of an investment), liquidity risk, index risk, pricing risk, and counterparty risk (the risk that the counterparty may be unwilling or unable to honor its obligations).

Ashmore Investment Management (US) Corp., a broker-dealer registered with the Securities and Exchange Commission, is the principal underwriter and distributor of the Funds' shares.

Before investing you should carefully consider the Funds' investment objectives, risk, charges, and expenses. This and other information is in the prospectus, a copy of which may be obtained from: Ashmore Investment Management (U.S.) Corp, 475 Fifth Avenue, 15th Floor, New York, NY 10017, or by calling Northern Trust, the transfer agent, at 1-866-876-8294. Please read the prospectus carefully before you invest.