Continue to site >
Trending ETFs

Ashmore Emerging Markets Equity Fund

mutual fund
EMEAX
Payout Change
Pending
Price as of:
$11.64 -0.08 -0.68%
primary theme
Emerging Markets Equity
EMEAX (Mutual Fund)

Ashmore Emerging Markets Equity Fund

Payout Change
Pending
Price as of:
$11.64 -0.08 -0.68%
primary theme
Emerging Markets Equity
EMEAX (Mutual Fund)

Ashmore Emerging Markets Equity Fund

Payout Change
Pending
Price as of:
$11.64 -0.08 -0.68%
primary theme
Emerging Markets Equity

Name

As of 06/21/2024

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

$11.64

$134 M

0.00%

1.64%

Vitals

YTD Return

11.1%

1 yr return

14.0%

3 Yr Avg Return

-5.7%

5 Yr Avg Return

6.5%

Net Assets

$134 M

Holdings in Top 10

36.9%

52 WEEK LOW AND HIGH

$11.7
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.64%

SALES FEES

Front Load 5.25%

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 06/21/2024

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

$11.64

$134 M

0.00%

1.64%

EMEAX - Profile

Distributions

  • YTD Total Return 11.1%
  • 3 Yr Annualized Total Return -5.7%
  • 5 Yr Annualized Total Return 6.5%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio -0.34%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Ashmore Emerging Markets Equity Fund
  • Fund Family Name
    Ashmore Funds
  • Inception Date
    Feb 24, 2012
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    GB
  • Manager
    Dhiren Shah

Fund Description

The Fund seeks to achieve its objective by investing principally in equity securities and equity-related investments of Emerging Market Issuers (as defined below), which may be denominated in any currency, including the local currency of the issuer. An Emerging Market Issuer is an issuer that is located in an Emerging Market Country, or an issuer deriving at least 50% of its revenues or profits from goods produced or sold, investments made, or services performed in one or more Emerging Market Countries or that has at least 50% of its assets in one or more Emerging Market Countries. Emerging Market Country means any country included by the International Monetary Fund in its list of Emerging and Developing Economies, any country which is considered a low-income, lower-middle-income, or upper-middle-income economy by the World Bank, and all countries represented in any widely-recognized index of emerging market securities (e.g., the relevant indices in the family of J.P. Morgan Corporate Emerging Markets Bond Index, J.P. Morgan Emerging Local Markets Index, J.P. Morgan Emerging Markets Bond Index, J.P. Morgan Government Bond Index—Emerging Markets and MSCI Emerging and Frontier Markets Index).
The Fund may invest in equity securities and equity-related investments of all types and denominated in any currency, including voting and non-voting common stock, common stock issued to special shareholder classes, preferred stock, depositary receipts, including global and American depositary receipts, warrants, securities convertible into equity securities, other equity-related investments whose returns vary on the basis of the issuer’s profitability (e.g., participation notes), as well as securities of other investment companies, including exchange-traded funds (“ETFs”) and other pooled vehicles. The Fund may invest through investment funds, pooled accounts or other investment vehicles designed to permit investments in a portfolio of equity securities listed in a particular Emerging Market Country or region, particularly in the case of countries in which such an investment vehicle is the exclusive or main vehicle for foreign portfolio investment. The Fund’s investments may include securities of companies that are in the process of being privatized by a government and securities of companies that are traded in unregulated over-the-counter markets or other types of unlisted securities markets. The Fund may invest in companies of any market capitalization.
The Fund may utilize various derivative instruments and related strategies to gain exposure to one or more issuers or other assets. The Fund may utilize derivatives of all types and may invest in, without limitation, call and put options (including options on futures contracts); futures and forward contracts, including contracts related to currencies; and swap agreements (including total return and interest rate swaps); other related instruments with respect to individual stocks and other securities, indices and baskets of securities, interest rates and currencies; participation notes; structured notes; exchange traded notes; and credit-linked notes as part of its principal investment strategies. The Fund may enter into foreign currency forward contracts as well as foreign currency futures and options contracts with respect to any currency in which it has existing investments or has contracted to make investments in an attempt to hedge currency exchange risk. The Fund expects
to primarily use derivatives for hedging or efficient portfolio management purposes, but may also use them to increase the Fund’s investment exposure beyond that which it could achieve by investing directly in more conventional securities. The Fund may also invest directly in foreign currencies for hedging or other investment purposes.
In managing the Fund’s portfolio, the Investment Manager utilizes primarily a bottom-up process to identify securities with attractive growth prospects by looking at revenues, profits or historic growth (based on revenue or profit), whilst also overlaying a top-down process to identify further opportunities and risks.
The Investment Manager’s top-down analysis of Emerging Market Countries, as well as companies that are in the process of being privatized by an Emerging Market Country or that are less than 99% directly or indirectly owned by an Emerging Market Country, include the following:
Market Factors—including the relative attractiveness of the particular Emerging Market Country in comparison to its historic performance and with the performance of other emerging and world markets on the basis of fundamental values (e.g., price/earnings ratio, price/book value ratio, earnings growth, volatility, dividend yield, and debt/equity ratio).
Macro-Economic Factors—including the outlook for currencies, interest rates, commodities, economic growth, inflation, business confidence and scope for private sector initiative.
Political Factors—including the stability of the current government and its perceived attitudes towards foreign investment, private sector initiative and development of the capital markets.
Market Development—the development of the Emerging Market Country relative to developed markets in terms of market capitalization, level of trading activity, sophistication of capital market activities and shareholder protection.
Investment Restrictions—including the level of foreign ownership allowed in the Emerging Market Country, the method of investment allowed (e.g., direct investment or through funds), required holding periods, ability to repatriate earnings and applicable tax regulations.
The Investment Manager uses a systematic, bottom-up process to select particular issuers for investment within each Emerging Market Country based on, among other factors, market valuations, prospective growth prospects, sustainability of competitive advantage, financial condition, asset backing and liquidity. Potential investments are then systematically ranked in accordance with the strength of fundamentals and attractiveness of valuation. The Investment Manager then selects particular issuers in an effort to produce a broad portfolio of investments in Emerging Market Countries.
The Investment Manager monitors each of the Emerging Market Countries in which the Fund has invested or may invest on a continuous basis and makes tactical shifts in the Fund’s portfolio allocation when it sees fit based on new developments and changes in the factors cited above. The Investment Manager may in its sole discretion consider selling a particular security held in the Fund’s portfolio when the factors that led to its investment change adversely or when a more attractive candidate in the particular Emerging Market Country is identified.
In response to adverse market, economic, political or other conditions, the Fund may deviate from its principal strategies by making temporary investments of some or all of its assets in various instruments, including short-term, high-quality fixed income securities denominated in any currency, including obligations of non-Emerging Market Issuers and countries, cash, cash equivalents, money market funds, and other similar funds. The Fund may not achieve its investment objective when it does so. The Fund may also invest a portion of its assets in such investments and instruments on a short term or temporary basis to manage its cash positions or otherwise manage the Fund efficiently.
The Fund observes a policy to normally invest at least 80% of its net assets (plus borrowings made for investment purposes) in equity securities and other equity-related investments of Emerging Market Issuers. The Fund’s investments in derivatives and other synthetic instruments that have economic characteristics similar to these investments will be counted toward satisfaction of the Fund’s 80% investment policy. For example, futures contracts may be used to obtain investment exposure equal to a portion or all of the Fund’s cash positions.
The Investment Manager may engage in active and frequent trading of the Fund’s portfolio securities to achieve the Fund’s investment objective. The Fund may pay transaction costs, such as the brokerage commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes for you if your Fund shares are held in a taxable account. These costs, which are not reflected in Annual Fund Operating Expenses or in the Example, may adversely affect the Fund’s investment performance.
Read More

EMEAX - Performance

Return Ranking - Trailing

Period EMEAX Return Category Return Low Category Return High Rank in Category (%)
YTD 11.1% -8.5% 20.2% 14.11%
1 Yr 14.0% -10.7% 35.3% 36.21%
3 Yr -5.7%* -21.2% 10.3% 50.50%
5 Yr 6.5%* -5.8% 12.2% 16.35%
10 Yr 4.8%* -2.7% 6.2% 11.87%

* Annualized

Return Ranking - Calendar

Period EMEAX Return Category Return Low Category Return High Rank in Category (%)
2023 9.4% -6.5% 35.5% 42.21%
2022 -27.4% -50.1% -2.4% 73.62%
2021 -14.6% -33.1% 22.5% 84.95%
2020 26.8% -22.1% 80.1% 20.59%
2019 27.5% -0.7% 42.0% 6.77%

Total Return Ranking - Trailing

Period EMEAX Return Category Return Low Category Return High Rank in Category (%)
YTD 11.1% -8.5% 20.2% 14.11%
1 Yr 14.0% -10.7% 35.3% 36.21%
3 Yr -5.7%* -21.2% 10.3% 50.50%
5 Yr 6.5%* -5.8% 12.2% 16.35%
10 Yr 4.8%* -2.7% 6.2% 11.87%

* Annualized

Total Return Ranking - Calendar

Period EMEAX Return Category Return Low Category Return High Rank in Category (%)
2023 10.6% -2.7% 42.0% 53.83%
2022 -26.4% -42.2% 1.9% 77.57%
2021 4.2% -32.5% 33.1% 24.44%
2020 29.6% -20.0% 81.6% 19.19%
2019 30.3% 2.3% 42.0% 5.48%

NAV & Total Return History


EMEAX - Holdings

Concentration Analysis

EMEAX Category Low Category High EMEAX % Rank
Net Assets 134 M 682 K 103 B 70.26%
Number of Holdings 64 10 7049 78.58%
Net Assets in Top 10 29.7 M 290 K 19.2 B 74.08%
Weighting of Top 10 36.94% 2.9% 140.4% 34.97%

Top 10 Holdings

  1. Taiwan Semiconductor Manufacturing Co., Ltd. TWD10 6.11%
  2. Tencent Holdings Ltd. HKD0.00002 5.99%
  3. Fomento Economico Mexicano S A B de C V SPON ADR RP 10 UTS(1B2D-B 4.15%
  4. SK Hynix Inc. KRW5000 3.76%
  5. HDFC Bank Ltd. SPON ADS EACH REP 3 ORD SHS 3.50%
  6. Totvs SA COM NPV 3.50%
  7. Taiwan Semiconductor Manufacturing Co., Ltd. SPON ADS REP 5 ORD TWD10 3.45%
  8. NetEase Inc. SPON ADS EACH REP 25 ORD SH 2.21%
  9. AIA Group Ltd, Hong Kong NPV 2.20%
  10. Parade Technologies Ltd. TWD10 2.05%

Asset Allocation

Weighting Return Low Return High EMEAX % Rank
Stocks
98.14% 0.00% 102.46% 28.38%
Cash
1.86% -2.03% 40.36% 51.30%
Preferred Stocks
0.00% 0.00% 10.09% 79.54%
Other
0.00% -0.14% 37.51% 60.30%
Convertible Bonds
0.00% 0.00% 7.40% 51.65%
Bonds
0.00% 0.00% 92.29% 57.16%

Stock Sector Breakdown

Weighting Return Low Return High EMEAX % Rank
Technology
29.93% 0.00% 47.50% 11.88%
Financial Services
16.01% 0.00% 48.86% 79.28%
Basic Materials
11.89% 0.00% 30.03% 13.95%
Consumer Cyclical
10.65% 0.00% 48.94% 72.38%
Communication Services
10.07% 0.00% 39.29% 35.50%
Consumer Defense
7.25% 0.00% 25.90% 31.77%
Healthcare
7.03% 0.00% 16.53% 17.82%
Industrials
5.23% 0.00% 43.53% 63.26%
Utilities
0.99% 0.00% 39.12% 54.42%
Energy
0.95% 0.00% 24.80% 84.12%
Real Estate
0.00% 0.00% 17.15% 92.40%

Stock Geographic Breakdown

Weighting Return Low Return High EMEAX % Rank
Non US
71.57% 0.00% 100.18% 85.40%
US
26.57% 0.00% 99.51% 10.37%

EMEAX - Expenses

Operational Fees

EMEAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.64% 0.03% 29.98% 32.83%
Management Fee 1.00% 0.00% 2.00% 78.42%
12b-1 Fee 0.25% 0.00% 1.00% 37.70%
Administrative Fee N/A 0.01% 0.85% 4.86%

Sales Fees

EMEAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.25% 3.50% 5.75% 69.57%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

EMEAX 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.

EMEAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 189.00% 74.30%

EMEAX - Distributions

Dividend Yield Analysis

EMEAX Category Low Category High EMEAX % Rank
Dividend Yield 0.00% 0.00% 9.74% 78.31%

Dividend Distribution Analysis

EMEAX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Quarterly Annual

Net Income Ratio Analysis

EMEAX Category Low Category High EMEAX % Rank
Net Income Ratio -0.34% -1.98% 17.62% 85.84%

Capital Gain Distribution Analysis

EMEAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Semi-Annually Semi-Annually

Distributions History

View More +

EMEAX - Fund Manager Analysis

Managers

Dhiren Shah


Start Date

Tenure

Tenure Rank

Nov 01, 2017

4.58

4.6%

Dhiren Shah is the Head of All Cap Equity Investment team of Ashmore Investment Advisors Limited. Prior to joining the firm in 2017, Mr. Shah was with BlackRock Investment Management (UK) Limited (formerly Merrill Lynch Investment Managers). He has been involved in the management of a range of Emerging Markets Equity products for both retail and institutional clients. In recent roles, Mr. Shah also had the responsibility as co-head and head of research for the Global Emerging Markets team at BlackRock. He is a CFA charter holder and gained a 1st in Economics from University College London.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 33.71 6.52 13.42