# EDGAR Filing Document

**Accession Number:** 0001498498
**File Stem:** 0001145549-25-042009
**Filing Date:** 2025-6
**Character Count:** 20391
**Document Hash:** a769d80220a8b7a248f67b938df73030
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-042009.hdr.sgml**: 20250626

**ACCESSION NUMBER**: 0001145549-25-042009

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250626

**DATE AS OF CHANGE**: 20250626

**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:** 251075977

**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:** 2025-04-30

**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:** $12560222.35

**Total Liabilities:** $44245.46

**Net Assets:** $12515976.89

**Cash Not Reported:** $132778.47

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000217584 | -0.47%               | -1.59%               | 1.33%                |
| Class ID C000217585 | -0.47%               | -1.60%               | 1.34%                |
| Class ID C000217586 | -0.48%               | -1.65%               | 1.28%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $13948.07                | $-67162.71                                 |
| Month 2  | $40025.89                | $-255792.65                                |
| Month 3  | $-93197.68               | $248767.72                                 |

### 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      | $204036.39    | 1.63%             |  |  |  | No            |                  2 | On Loan: No      |
| Indian Energy Exchange Ltd                       | Indian Energy Exchange Ltd INR1(POST SUBDIVISION)                   | CUSIP: Y39237139<br>LEI: 335800JRG8ZOKN1KAE97 | Long             | EC               | CORP              | IN        |     43406 | NS      | $97935.88     | 0.78%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Axis Bank Ltd.                                   | Axis Bank Ltd. INR2                                                 | CUSIP: Y0487S137<br>LEI: 549300HVNWMJPOFVNI41 | Long             | EC               | CORP              | IN        |     11757 | NS      | $165006.44    | 1.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Tencent Holdings Ltd.                            | Tencent Holdings Ltd. HKD0.00002                                    | CUSIP: G87572163<br>LEI: 254900N4SLUMW4XUYY11 | Long             | EC               | CORP              | KY        |     18400 | NS      | $1141789.59   | 9.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Boxer Retail Ltd.                                | Boxer Retail Ltd. NPV                                               | CUSIP: S12871109<br>LEI: N/A                  | Long             | EC               | CORP              | ZA        |     42327 | NS      | $157869.17    | 1.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Axis Bank Ltd.                                   | Axis Bank Ltd. GDR EACH REPR 5 INR10 'REGS'                         | CUSIP: 05462W109<br>LEI: 549300HVNWMJPOFVNI41 | Long             | EC               | CORP              | IN        |      1513 | NS      | $106224.00    | 0.85%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Gudeng Precision Industrial Co.                  | Gudeng Precision Industrial Co. TWD10                               | CUSIP: Y2941Y106<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     17000 | NS      | $195897.54    | 1.57%             |  |  |  | No            |                  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      | $100101.22    | 0.80%             |  |  |  | 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        |     44957 | NS      | $253653.76    | 2.03%             |  |  |  | Yes           |                  1 | On Loan: No      |
| DB Insurance Co Ltd.                             | DB Insurance Co Ltd. KRW500                                         | CUSIP: Y2096K109<br>LEI: 9884000ZF26VNJBWSJ91 | Long             | EC               | CORP              | KR        |      3083 | NS      | $198060.89    | 1.58%             |  |  |  | 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        |    860800 | NS      | $254443.78    | 2.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Kaspi.Kz JSC                                     | Kaspi.Kz JSC SPONSORED ADS                                          | CUSIP: 48581R205<br>LEI: 2549003YU6FARG8OAZ13 | Long             | EC               | CORP              | KZ        |      1348 | NS      | $118475.72    | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| PB Fintech Ltd.                                  | PB Fintech Ltd. INR2.00                                             | CUSIP: Y67616287<br>LEI: 98450083AC6B01HF1F87 | Long             | EC               | CORP              | IN        |     10708 | NS      | $206120.40    | 1.65%             |  |  |  | No            |                  2 | On Loan: No      |
| Cipla Ltd.                                       | Cipla Ltd. INR2                                                     | CUSIP: Y1633P142<br>LEI: 335800KMJJYEDDK82Q34 | Long             | EC               | CORP              | IN        |     11475 | NS      | $210990.69    | 1.69%             |  |  |  | No            |                  2 | On Loan: No      |
| E Ink Holdings Inc.                              | E Ink Holdings Inc. TWD10                                           | CUSIP: Y2266Z100<br>LEI: 529900UOR451FJJYL571 | Long             | EC               | CORP              | TW        |     60000 | NS      | $418320.80    | 3.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Trip.com Group Ltd.                              | Trip.com Group Ltd. ADS                                             | CUSIP: 89677Q107<br>LEI: 2549004RMYDSRQL4KW41 | Long             | EC               | CORP              | KY        |      3836 | NS      | $226285.64    | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Sieyuan Electric Co Ltd                          | Sieyuan Electric Co Ltd 'A'CNY1                                     | CUSIP: Y7688J105<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     18400 | NS      | $182635.44    | 1.46%             |  |  |  | No            |                  2 | On Loan: No      |
| MediaTek Inc.                                    | MediaTek Inc. TWD10                                                 | CUSIP: Y5945U103<br>LEI: 254900UEGBK1I4DM4E14 | Long             | EC               | CORP              | TW        |      8000 | NS      | $339007.82    | 2.71%             |  |  |  | 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        |     18950 | NS      | $113615.24    | 0.91%             |  |  |  | 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      | $295611.43    | 2.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Fomento Economico Mexicano S A B de C V          | Fomento Economico Mexicano S A B de C V SPON ADR RP 10 UTS(1B&2D-B& | CUSIP: 344419106<br>LEI: 549300A8MDWDJNMLV153 | Long             | EC               | CORP              | MX        |      1256 | NS      | $132269.36    | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Grab Holdings Ltd.                               | Grab Holdings Ltd. CLASS A ORD                                      | CUSIP: G4124C109<br>LEI: 549300N4VQX83VPJF439 | Long             | EC               | CORP              | KY        |     61300 | NS      | $299144.00    | 2.39%             |  |  |  | No            |                  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        |      8337 | NS      | $606016.53    | 4.84%             |  |  |  | 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        |     35200 | NS      | $265939.43    | 2.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Lojas Renner SA                                  | Lojas Renner SA COM NPV                                             | CUSIP: P6332C102<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |     59480 | NS      | $153124.20    | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Eugene Technology                                | Eugene Technology KRW500                                            | CUSIP: Y2347W100<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      6317 | NS      | $151774.99    | 1.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Totvs SA                                         | Totvs SA COM NPV                                                    | CUSIP: P92184103<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |     33200 | NS      | $220079.47    | 1.76%             |  |  |  | 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      | $198076.29    | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| KE Holdings Inc.                                 | KE Holdings Inc. SPONSORED ADS                                      | CUSIP: 482497104<br>LEI: 254900RHVY072XPAZE03 | Long             | EC               | CORP              | KY        |      8640 | NS      | $175392.00    | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Delta Electronics Inc.                           | Delta Electronics Inc. TWD10                                        | CUSIP: Y20263102<br>LEI: 529900UVZWNWGDLJSM52 | Long             | EC               | CORP              | TW        |      7957 | NS      | $83279.51     | 0.67%             |  |  |  | No            |                  2 | On Loan: No      |
| ANTA Sports Products Ltd.                        | ANTA Sports Products Ltd. HKD0.10                                   | CUSIP: G04011105<br>LEI: 529900291XG0CTK4LF95 | Long             | EC               | CORP              | KY        |     36000 | NS      | $429545.78    | 3.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Contemporary Amperex Technology Co Ltd.          | Contemporary Amperex Technology Co Ltd. 'A' CNY1                    | CUSIP: Y1R48E105<br>LEI: 300300KINDY1K0E9I032 | Long             | EC               | CORP              | CN        |      7100 | NS      | $225849.10    | 1.80%             |  |  |  | No            |                  2 | On Loan: No      |
| Shenzhen Mindray Bio-Medical Electronics Co Ltd. | Shenzhen Mindray Bio-Medical Electronics Co Ltd. A CNY1             | CUSIP: Y774E3101<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |      5800 | NS      | $175390.82    | 1.40%             |  |  |  | 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        |     26200 | NS      | $344500.48    | 2.75%             |  |  |  | No            |                  2 | On Loan: No      |
| Alchip Technologies Ltd.                         | Alchip Technologies Ltd. TWD10                                      | CUSIP: G02242108<br>LEI: 529900HKE9RIY07SLX84 | Long             | EC               | CORP              | KY        |      2000 | NS      | $133560.93    | 1.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Meituan LLC                                      | Meituan LLC USD0.00001 B CLASS                                      | CUSIP: G59669104<br>LEI: 21380033K525E5JLIA77 | Long             | EC               | CORP              | KY        |     26350 | NS      | $440733.64    | 3.52%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Chroma Ate Inc                                   | Chroma Ate Inc TWD10                                                | CUSIP: Y1604M102<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     17000 | NS      | $155982.55    | 1.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Marico Ltd.                                      | Marico Ltd. INR1                                                    | CUSIP: Y5841R170<br>LEI: 3358003SFDQFGJPC5O84 | Long             | EC               | CORP              | IN        |     14930 | NS      | $125648.67    | 1.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SK Hynix Inc.                                    | SK Hynix Inc. KRW5000                                               | CUSIP: Y8085F100<br>LEI: 988400XAIK6XISWQV045 | Long             | EC               | CORP              | KR        |      2656 | NS      | $333743.70    | 2.67%             |  |  |  | No            |                  2 | On Loan: No      |
| Mercadolibre Inc                                 | Mercadolibre Inc COM USD0.001                                       | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |       200 | NS      | $466170.00    | 3.72%             |  |  |  | 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      | $1453814.63   | 11.62%            |  |  |  | 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      | $196122.39    | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Lotes Co Ltd.                                    | Lotes Co Ltd. TWD10                                                 | CUSIP: Y53302116<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |      2889 | NS      | $113449.80    | 0.91%             |  |  |  | No            |                  2 | On Loan: No      |
| MY Eg Services Bhd                               | MY Eg Services Bhd NPV                                              | CUSIP: Y6147P116<br>LEI: N/A                  | Long             | EC               | CORP              | MY        |   1208106 | NS      | $251186.91    | 2.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Apollo Hospitals Enterprise Ltd.                 | Apollo Hospitals Enterprise Ltd. INR5                               | CUSIP: Y0187F112<br>LEI: 3358005YT7JQCWYLTG43 | Long             | EC               | CORP              | IN        |      3387 | NS      | $279833.44    | 2.24%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-05-23

**Name of Applicant:** Ashmore Funds

**Signature:** Taurai Sigauke

**Name of Signer:** Taurai Sigauke

**Title:** Treasurer