# EDGAR Filing Document

**Accession Number:** 0001498498
**File Stem:** 0002066578-25-001868
**Filing Date:** 2025-12
**Character Count:** 21547
**Document Hash:** 833d9900deb66805d22c7c41dbf9a99a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002066578-25-001868.hdr.sgml**: 20251216

**ACCESSION NUMBER**: 0002066578-25-001868

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251216

**DATE AS OF CHANGE**: 20251216

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Ashmore Funds
- **CENTRAL INDEX KEY:** 0001498498

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22468
- **FILM NUMBER:** 251574139

**BUSINESS ADDRESS:**
- **STREET 1:** C/O ROPES & GRAY, LLP
- **STREET 2:** ONE INTERNATIONAL PLACE
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02110
- **BUSINESS PHONE:** 617-951-7935

**MAIL ADDRESS:**
- **STREET 1:** C/O ROPES & GRAY, LLP
- **STREET 2:** ONE INTERNATIONAL PLACE
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02110

## Series and Classes Contracts Data

### Ashmore Emerging Markets Equity ESG Fund (Series ID: S000067834)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000217584 | Institutional Class | ESIGX           |
| C000217585 | Class A             | ESAGX           |
| C000217586 | Class C             | ESCGX           |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Ashmore Funds

- **b. Investment Company Act file number:** 811-22468

- **c. CIK number of Registrant:** 0001498498

- **d. LEI of Registrant:** 549300JIZK4U03Q64E73

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 61 Aldwych

  - **City:** London

  - **Zip / Postal Code:** WC2B 4AE

  - **Telephone number:** 011-44-20-3206-4500

**Item A.2. Information about the Series.**

- **a. Name of Series:** Ashmore Emerging Markets Equity ESG Fund

- **b. EDGAR series identifier (if any):** S000067834

- **c. LEI of Series:** 549300KZSQMX3OI34Z75

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-10-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $16568574.59

**Total Liabilities:** $53422.43

**Net Assets:** $16515152.16

**Cash Not Reported:** $257933.38

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000217584 | 5.05%                | 7.37%                | 4.77%                |
| Class ID C000217585 | 5.09%                | 7.26%                | 4.74%                |
| Class ID C000217586 | 4.97%                | 7.23%                | 4.73%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-24335.10               | $733998.41                                 |
| Month 2  | $110397.18               | $953503.40                                 |
| Month 3  | $200361.15               | $564880.51                                 |

### Schedule of Portfolio Investments

| Name                                         | Title                                                             | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Abu Dhabi Islamic Bank PJSC                  | Abu Dhabi Islamic Bank PJSC AED1                                  | CUSIP: M0152R102<br>LEI: 5493006DOLY8O98XHD74 | Long             | EC               | CORP              | AE        |     40938 | NS      | $235353.59    | 1.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Gudeng Precision Industrial Co.              | Gudeng Precision Industrial Co. TWD10                             | CUSIP: Y2941Y106<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     10000 | NS      | $114303.74    | 0.69%             |  |  |  | No            |                  2 | On Loan: No      |
| Benefit Systems Sa                           | Benefit Systems Sa PLN1.00                                        | CUSIP: X071AA119<br>LEI: 2594007UY43JEUOLID52 | Long             | EC               | CORP              | PL        |       254 | NS      | $215608.72    | 1.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Mahindra & Mahindra Ltd.                     | Mahindra & Mahindra Ltd. GDR EACH REPR 1 ORD INR10 REG'S'         | CUSIP: Y54164119<br>LEI: 3358003B573EV4KB4Z02 | Long             | EC               | CORP              | IN        |      5810 | NS      | $230619.17    | 1.40%             |  |  |  | Yes           |                  2 | On Loan: No      |
| SK Square Co Ltd                             | SK Square Co Ltd KRW100                                           | CUSIP: Y8T6X4107<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      1596 | NS      | $289658.54    | 1.75%             |  |  |  | No            |                  2 | On Loan: No      |
| CreditAccess Grameen Limited                 | CreditAccess Grameen Limited INR10                                | CUSIP: Y2R43C102<br>LEI: 335800YHFDVKKBDQMK23 | Long             | EC               | CORP              | IN        |     12705 | NS      | $203385.33    | 1.23%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Samsung Electronics Co Ltd.                  | Samsung Electronics Co Ltd. GDR EACH REP 25 COM STK KRW100(REG S) | CUSIP: 796050888<br>LEI: 9884007ER46L6N7EI764 | Long             | EC               | CORP              | KR        |       101 | NS      | $188416.24    | 1.14%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Eugene Technology                            | Eugene Technology KRW500                                          | CUSIP: Y2347W100<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      5698 | NS      | $378085.09    | 2.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Totvs SA                                     | Totvs SA COM NPV                                                  | CUSIP: P92184103<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |     22400 | NS      | $184739.26    | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Shenzhen Inovance Technology Co Ltd.         | Shenzhen Inovance Technology Co Ltd. 'A'CNY1                      | CUSIP: Y7744Z101<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     20600 | NS      | $223441.04    | 1.35%             |  |  |  | No            |                  2 | On Loan: No      |
| MediaTek Inc.                                | MediaTek Inc. TWD10                                               | CUSIP: Y5945U103<br>LEI: 254900UEGBK1I4DM4E14 | Long             | EC               | CORP              | TW        |      4000 | NS      | $169695.48    | 1.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Sea Ltd.                                     | Sea Ltd. ADS EACH REP ONE CL A SHS                                | CUSIP: 81141R100<br>LEI: 529900OM6JLLW44YKI15 | Long             | EC               | CORP              | KY        |       786 | NS      | $122812.50    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Alchip Technologies Ltd.                     | Alchip Technologies Ltd. TWD10                                    | CUSIP: G02242108<br>LEI: 529900HKE9RIY07SLX84 | Long             | EC               | CORP              | KY        |      1500 | NS      | $168957.17    | 1.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Tencent Holdings Ltd.                        | Tencent Holdings Ltd. HKD0.00002                                  | CUSIP: G87572163<br>LEI: 254900N4SLUMW4XUYY11 | Long             | EC               | CORP              | KY        |     17400 | NS      | $1414359.14   | 8.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Sieyuan Electric Co Ltd                      | Sieyuan Electric Co Ltd 'A'CNY1                                   | CUSIP: Y7688J105<br>LEI: 836800H6UQQUWN4PSZ32 | Long             | EC               | CORP              | CN        |     26500 | NS      | $490972.22    | 2.97%             |  |  |  | No            |                  2 | On Loan: No      |
| Rede D Or Sao Luiz SA                        | Rede D Or Sao Luiz SA COM NPV                                     | CUSIP: P79942101<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |     35057 | NS      | $282413.48    | 1.71%             |  |  |  | Yes           |                  1 | On Loan: No      |
| HDFC Bank Ltd.                               | HDFC Bank Ltd. SPON ADS EACH REP 3 ORD SHS                        | CUSIP: 40415F101<br>LEI: 335800ZQ6I4E2JXENC50 | Long             | EC               | CORP              | IN        |     20426 | NS      | $739829.72    | 4.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Gentera SAB de CV                            | Gentera SAB de CV COM NPV                                         | CUSIP: P4831V101<br>LEI: 4469000001ECOWXFNE33 | Long             | EC               | CORP              | MX        |     96200 | NS      | $228868.85    | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Mobile World Investment Corporation          | Mobile World Investment Corporation VND10000                      | CUSIP: Y604K2105<br>LEI: 254900ZRFNB8CRAHHO95 | Long             | EC               | CORP              | VN        |     79100 | NS      | $248183.99    | 1.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Grupo Financiero Banorte S.A.B. de C.V.      | Grupo Financiero Banorte S.A.B. de C.V. COM NPV SERIES O          | CUSIP: P49501201<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |     34400 | NS      | $323752.72    | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| AIA Group Ltd, Hong Kong                     | AIA Group Ltd, Hong Kong NPV                                      | CUSIP: Y002A1105<br>LEI: ZP5ILWVSYE4LJGMMVD57 | Long             | EC               | CORP              | HK        |     40000 | NS      | $389209.00    | 2.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Kaspi.Kz JSC                                 | Kaspi.Kz JSC SPONSORED ADS                                        | CUSIP: 48581R205<br>LEI: 2549003YU6FARG8OAZ13 | Long             | EC               | CORP              | KZ        |      1409 | NS      | $105379.11    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Kanzhun Limited                              | Kanzhun Limited SPONSORED ADS                                     | CUSIP: 48553T106<br>LEI: 254900F4ZCBITP7L0251 | Long             | EC               | CORP              | KY        |     15064 | NS      | $333818.24    | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| PB Fintech Ltd.                              | PB Fintech Ltd. INR2.00                                           | CUSIP: Y67616287<br>LEI: 98450083AC6B01HF1F87 | Long             | EC               | CORP              | IN        |     13000 | NS      | $261407.96    | 1.58%             |  |  |  | No            |                  2 | On Loan: No      |
| Boxer Retail Ltd.                            | Boxer Retail Ltd. NPV                                             | CUSIP: S12871109<br>LEI: N/A                  | Long             | EC               | CORP              | ZA        |     55380 | NS      | $242940.06    | 1.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Sunresin New Materials Co. Ltd.,Xi'an        | Sunresin New Materials Co. Ltd.,Xi'an CNY1 A                      | CUSIP: Y8240K101<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     31450 | NS      | $244814.49    | 1.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Grab Holdings Ltd.                           | Grab Holdings Ltd. CLASS A ORD                                    | CUSIP: G4124C109<br>LEI: 549300N4VQX83VPJF439 | Long             | EC               | CORP              | KY        |     64500 | NS      | $387645.00    | 2.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Full Truck Alliance Co Ltd                   | Full Truck Alliance Co Ltd SPONSORED ADS                          | CUSIP: 35969L108<br>LEI: 984500884LB1DP8DAC57 | Long             | EC               | CORP              | KY        |     13600 | NS      | $176800.00    | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Nu Holdings Ltd.                             | Nu Holdings Ltd. ORD SHS CL A                                     | CUSIP: G6683N103<br>LEI: 5493002DG1RHWK9W2X27 | Long             | EC               | CORP              | KY        |     13700 | NS      | $220707.00    | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Wal-Mart De Mexico                           | Wal-Mart De Mexico COM NPV                                        | CUSIP: P98180188<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |     62500 | NS      | $206623.25    | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| KE Holdings Inc.                             | KE Holdings Inc. SPONSORED ADS                                    | CUSIP: 482497104<br>LEI: 254900RHVY072XPAZE03 | Long             | EC               | CORP              | KY        |      8640 | NS      | $147312.00    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| DB Insurance Co Ltd.                         | DB Insurance Co Ltd. KRW500                                       | CUSIP: Y2096K109<br>LEI: 9884000ZF26VNJBWSJ91 | Long             | EC               | CORP              | KR        |      3675 | NS      | $326663.00    | 1.98%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank Mandiri (Persero) Tbk PT                | Bank Mandiri (Persero) Tbk PT IDR125                              | CUSIP: Y7123S108<br>LEI: 549300RSKQN4Z5ZSGH94 | Long             | EC               | CORP              | ID        |    686700 | NS      | $194519.83    | 1.18%             |  |  |  | No            |                  2 | On Loan: No      |
| E Ink Holdings Inc.                          | E Ink Holdings Inc. TWD10                                         | CUSIP: Y2266Z100<br>LEI: 529900UOR451FJJYL571 | Long             | EC               | CORP              | TW        |     54000 | NS      | $370981.71    | 2.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Chroma Ate Inc                               | Chroma Ate Inc TWD10                                              | CUSIP: Y1604M102<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     11000 | NS      | $290755.87    | 1.76%             |  |  |  | No            |                  2 | On Loan: No      |
| Delta Electronics Inc.                       | Delta Electronics Inc. TWD10                                      | CUSIP: Y20263102<br>LEI: 529900UVZWNWGDLJSM52 | Long             | EC               | CORP              | TW        |      7000 | NS      | $224166.69    | 1.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Marico Ltd.                                  | Marico Ltd. INR1                                                  | CUSIP: Y5841R170<br>LEI: 3358003SFDQFGJPC5O84 | Long             | EC               | CORP              | IN        |     14930 | NS      | $121031.21    | 0.73%             |  |  |  | No            |                  2 | On Loan: No      |
| Hon Hai Precision Industry Co Ltd.           | Hon Hai Precision Industry Co Ltd. TWD10                          | CUSIP: Y36861105<br>LEI: 30030004CM3GSZXX7O56 | Long             | EC               | CORP              | TW        |     17000 | NS      | $141720.30    | 0.86%             |  |  |  | No            |                  2 | On Loan: No      |
| SK Hynix Inc.                                | SK Hynix Inc. KRW5000                                             | CUSIP: Y8085F100<br>LEI: 988400XAIK6XISWQV045 | Long             | EC               | CORP              | KR        |      2303 | NS      | $899716.36    | 5.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Electronics Co Ltd.                  | Samsung Electronics Co Ltd. KRW100                                | CUSIP: Y74718100<br>LEI: 9884007ER46L6N7EI764 | Long             | EC               | CORP              | KR        |      2306 | NS      | $173599.05    | 1.05%             |  |  |  | No            |                  2 | On Loan: No      |
| ANTA Sports Products Ltd.                    | ANTA Sports Products Ltd. HKD0.10                                 | CUSIP: G04011105<br>LEI: 529900291XG0CTK4LF95 | Long             | EC               | CORP              | KY        |     30200 | NS      | $314906.60    | 1.91%             |  |  |  | No            |                  2 | On Loan: No      |
| Mercadolibre Inc                             | Mercadolibre Inc COM USD0.001                                     | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |        80 | NS      | $186180.80    | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co., Ltd. | Taiwan Semiconductor Manufacturing Co., Ltd. TWD10                | CUSIP: Y84629107<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |     51000 | NS      | $2467624.57   | 14.94%            |  |  |  | No            |                  2 | On Loan: No      |
| Raia Drogasil SA                             | Raia Drogasil SA COM NPV                                          | CUSIP: P7942C102<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |     56100 | NS      | $208552.12    | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Contemporary Amperex Technology Co Ltd.      | Contemporary Amperex Technology Co Ltd. 'A' CNY1                  | CUSIP: Y1R48E105<br>LEI: 300300KINDY1K0E9I032 | Long             | EC               | CORP              | CN        |     11300 | NS      | $621301.63    | 3.76%             |  |  |  | No            |                  2 | On Loan: No      |
| Zetrix AI Berhad                             | Zetrix AI Berhad NPV                                              | CUSIP: Y6147P116<br>LEI: N/A                  | Long             | EC               | CORP              | MY        |    917806 | NS      | $184751.63    | 1.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Proya Cosmetics Co Ltd.                      | Proya Cosmetics Co Ltd. A CNY1                                    | CUSIP: Y7S88X100<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     13200 | NS      | $137101.72    | 0.83%             |  |  |  | No            |                  2 | On Loan: No      |
| Apollo Hospitals Enterprise Ltd.             | Apollo Hospitals Enterprise Ltd. INR5                             | CUSIP: Y0187F112<br>LEI: 3358005YT7JQCWYLTG43 | Long             | EC               | CORP              | IN        |      2349 | NS      | $203416.49    | 1.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Andes Technology Corporation                 | Andes Technology Corporation TWD10                                | CUSIP: Y0R7YV103<br>LEI: 549300HYC94K4ELRHM60 | Long             | EC               | CORP              | TW        |      9710 | NS      | $84205.57     | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-25

**Name of Applicant:** Ashmore Funds

**Signature:** Taurai Sigauke

**Name of Signer:** Taurai Sigauke

**Title:** Treasurer