Ashmore Emerging Markets Local Currency Bond Fund Class A (ELBAX)
| Fund Assets | 9.39M |
| Expense Ratio | 1.05% |
| Min. Investment | $1,000 |
| Turnover | 59.00% |
| Dividend (ttm) | 0.30 |
| Dividend Yield | 4.27% |
| Dividend Growth | n/a |
| Payout Frequency | n/a |
| Ex-Dividend Date | Jan 22, 2025 |
| Previous Close | 6.69 |
| YTD Return | 13.18% |
| 1-Year Return | 11.59% |
| 5-Year Return | 8.66% |
| 52-Week Low | 6.03 |
| 52-Week High | 6.71 |
| Beta (5Y) | n/a |
| Holdings | 233 |
| Inception Date | May 12, 2011 |
About ELBAX
Ashmore SICAV Emerging Markets Local Currency Bond Fund is a mutual fund specializing in debt instruments from emerging market countries, with a primary focus on bonds issued by sovereign and quasi-sovereign entities. This fund invests primarily in securities denominated in the local currencies of the issuers, providing exposure not only to interest rate movements within emerging markets but also to local currency fluctuations. The fund spans a diverse set of regions, including Asia, Latin America, Eastern Europe, and Africa, reflecting the broad reach of emerging market debt opportunities. It aims to maximize total return through a diversified portfolio, balancing yield, capital appreciation, and currency dynamics. With a disciplined approach to managing portfolio duration—typically maintaining a weighted average between 2 and 7 years—the fund caters to investors seeking to diversify away from developed markets and access the growth and liquidity of emerging economies’ local currency bond markets. The Ashmore SICAV Emerging Markets Local Currency Bond Fund plays a significant role in connecting global investors to the rapidly developing fixed income sectors of emerging markets, helping governments and institutions access capital while offering investors a differentiated risk-return profile.
Performance
ELBAX had a total return of 11.59% in the past year, including dividends. Since the fund's inception, the average annual return has been -1.15%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FSEDX | Fidelity | Fidelity Series Em Mk Dbt Lcl Ccy | n/a |
Top 10 Holdings
31.60% of assets| Name | Symbol | Weight |
|---|---|---|
| United States Treasury Bills - B 0 07/10/25 | B | 9.25% |
| Secretaria Do Tesouro Nacional - BLTN 0 01/01/30 LTN | BLTN | 4.59% |
| Secretaria Do Tesouro Nacional - BLTN 0 07/01/27 LTN | BLTN | 4.13% |
| Mexico (United Mexican States) - MBONO 7.75 05/29/31 M | MEX | 3.79% |
| India (Republic of) - IGB 7.18 07/24/37 | IGB | 1.93% |
| Secretaria Do Tesouro Nacional - BLTN 0 01/01/28 LTN | BLTN | 1.77% |
| South Africa (Republic of) - SAGB 8.75 01/31/44 2044 | SOAF | 1.65% |
| India (Republic of) - IGB 7.18 08/14/33 | IGB | 1.53% |
| Indonesia (Republic of) - INDOGB 7.125 06/15/38 FR98 | INDON | 1.50% |
| Poland (Republic of) - POLGB 6 10/25/33 1033 | POLAND | 1.47% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 22, 2025 | $0.15282 | Jan 22, 2025 |
| Oct 25, 2024 | $0.08583 | Oct 25, 2024 |
| Jul 24, 2024 | $0.05951 | Jul 24, 2024 |
| Apr 24, 2024 | $0.10861 | Apr 24, 2024 |
| Dec 20, 2023 | $0.10938 | Dec 20, 2023 |
| Oct 24, 2023 | $0.17959 | Oct 24, 2023 |