Ashmore Emerging Mkts Lcl Ccy Bd A
C/O Ropes & Gray,LLPOne International PlaceBoston MA 02110
Map
Phone: 866-876-8294
| Category: | Emerging Markets Bond | | Fund Family: | Ashmore | | Net Assets: | 93.99M | | Year-to-Date Return: | -0.49% | | Yield: | 3.54% | | Morningstar Rating: | N/A | | Fund Inception Date: | May 11, 2011 |
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Mark Coombs
Lead Manager since Dec 7, 2010 | | | Mark Coombs, Managing Director of Ashmore and Chairman of the Investment Committee, having been involved in emerging markets since 1983. He holds an MA (Hons) in Law from Cambridge University and joined Grindlays Bank plc in 1983. Following its acquisition by Australia and New Zealand Banking Group Limited (ANZ) he was appointed Head of Emerging Markets Group for ANZ Merchant Bank Limited in 1988 and in 1991 became Head of the International Merchant Banking Division of ANZ Grindlays Bank plc and in 1997 Head of Markets for ANZ Group. He was appointed to the Board of the Emerging Markets Trade Association in 1993 and Co-Chair in 2000. He has been Chairman of the Investment Committee since he established the business as a separate division within ANZ in 1992, and is responsible for setting overall investment strategy of funds managed. |
| Min Initial Investment: | 1,000 | | Min Initial Investment, IRA: | N/A | | Min Initial Investment, AIP: | 1,000 | | Min Subsequent Investment: | 50 | | Min Subsequent Investment, IRA: | N/A | | Min Subsequent Investment, AIP: | 50 |
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| The investment seeks to maximize total return.
The fund seeks to achieve its objective by investing principally in debt instruments of Sovereign and Quasi-Sovereign issuers of Emerging Market Countries that are denominated in the local currency of the issuer. Sovereigns are governments of Emerging Market Countries. Quasi-Sovereigns are governmental entities, agencies and other issuers the obligations of which are guaranteed by an emerging market government and issuers otherwise represented in the J.P. Morgan Government Bond Index-Emerging Markets Global Diversified or a similar index as determined by the Investment Manager. It is non-diversified. |
| Last Dividend
(Apr 23, 2013)
:
| 0.04 | | Last Cap Gain
:
| 0.00 | | Annual Holdings Turnover
(May 14, 2013)
:
| 101.00% | | Average for Category: | 73.73% |
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| Expense | ELBAX | Category Avg |
|---|
| Annual Report Expense Ratio (net): | 1.25% | 1.26% | | Prospectus Net Expense Ratio: | 1.25% | N/A | | Prospectus Gross Expense Ratio: | 1.64% | N/A | | Max 12b1 Fee: | 0.25% | N/A | | Max Front End Sales Load: | 4.00% | 4.28% | | Max Deferred Sales Load:
| N/A | 1.72% | | 3 Yr Expense Projection*: | 860 | 570 | | 5 Yr Expense Projection*: | 1,221 | 911 | | 10 Yr Expense Projection*: | 2,235 | 1,884 |
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0.04(0.39%) May 17