# EDGAR Filing Document

**Accession Number:** 0001498498
**File Stem:** 0002066578-26-002130
**Filing Date:** 2026-6
**Character Count:** 36865
**Document Hash:** e96112a3bcbc387a0fe85b8948f16387
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002066578-26-002130.hdr.sgml**: 20260625

**ACCESSION NUMBER**: 0002066578-26-002130

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260430

**FILED AS OF DATE**: 20260625

**DATE AS OF CHANGE**: 20260625

**PERIOD START**: 20261031

**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:** 261119315

**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 Short Duration Fund (Series ID: S000045773)

| Class ID   | Class Name                 | Ticker Symbol   |
|:---|:---|:---|
| C000142708 | INSTITUTIONAL CLASS SHARES | ESFIX           |
| C000142709 | Class A                    | ESFAX           |
| C000142710 | Class C                    | ESFCX           |
| C000183170 | Class T                    | ESFTX           |

## 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 Short Duration Fund

- **b. EDGAR series identifier (if any):** S000045773

- **c. LEI of Series:** 549300FJA3PPBMYPQI16

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

- **a. Date of fiscal year-end:** 2026-10-31

- **b. Date as of which information is reported:** 2026-04-30

**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:** $29276700.99

**Total Liabilities:** $163719.69

**Net Assets:** $29112981.30

**Cash Not Reported:** $254205.95

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 68.177822263051 | **1-Year:** 333.984513843660 | **5-Year:** 245.396992196378 | **10-Year:** 0.000000000000 | **30-Year:** 0.000000000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 63.302535444718 | **1-Year:** 998.037225013459 | **5-Year:** 705.621236655722 | **10-Year:** 0.000000000000 | **30-Year:** 0.000000000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000142708 | 0.54%                | -0.37%               | 0.92%                |
| Class ID C000142709 | 0.30%                | -0.38%               | 1.10%                |
| Class ID C000142710 | 0.26%                | -0.26%               | 0.85%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $4980.70                 | $80781.82                                  |
| Month 2  | $-17361.30               | $-166506.87                                |
| Month 3  | $3353.97                 | $217051.97                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| MILLICOM INTERNATIONAL CELLULAR SA                                               | TIGO 5.125 01/15/28 REGS          | CUSIP: L6388GAB6<br>LEI: 549300CTHC1CP86P2G96 | Long             | DBT              | CORP              | LU        |    360000 | PA      | $357300.00    | 1.23%             | 2028-01-15      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| ZHENRO PROPERTIES GROUP LTD                                                      | ZHPRHK 8.3 09/15/23               | CUSIP: G9897EAT6<br>LEI: 549300I66TVJEL841P38 | Long             | DBT              | CORP              | KY        |   1017000 | PA      | $1271.25      | 0.00%             | 2023-09-15      | Fixed         | 8.30%                 | Yes           |                  2 | On Loan: No      |
| CENTRAL CHINA REAL ESTATE LTD                                                    | CENCHI 7.5 07/14/25               | CUSIP: G20769AJ7<br>LEI: 549300JDML9PYG0CIJ22 | Long             | DBT              | CORP              | KY        |    422000 | PA      | $5064.00      | 0.02%             | 2025-07-14      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| ZHENRO PROPERTIES GROUP LTD                                                      | ZHPRHK 8 03/06/23                 | CUSIP: G9897EBF5<br>LEI: 549300I66TVJEL841P38 | Long             | DBT              | CORP              | KY        |   4920000 | PA      | $6150.00      | 0.02%             | 2023-03-06      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| IHS HOLDING LTD (NEW)                                                            | IHS 6.25 11/29/28 REGS            | CUSIP: G4701HAA7<br>LEI: 213800CLGMKL63VKTD94 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $199000.00    | 0.68%             | 2028-11-29      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| KAISA GROUP HOLDINGS LTD                                                         | KAISAG 6.5 12/28/29 144A          | CUSIP: 000000000<br>LEI: 254900N8L3L7NRJT0120 | Long             | DBT              | CORP              | KY        |   1247571 | PA      | $16530.32     | 0.06%             | 2029-12-28      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| CSN ISLANDS XI CORP                                                              | CSNABZ 6.75 01/28/28 REGS         | CUSIP: G2583XAB7<br>LEI: 222100R8R68DM7VM3661 | Long             | DBT              | CORP              | KY        |    200000 | PA      | $169960.00    | 0.58%             | 2028-01-28      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| FREEPORT INDONESIA PT                                                            | FRIDPT 4.763 04/14/27 REGS        | CUSIP: Y7141BAA1<br>LEI: 549300T4HTQHRKLNE619 | Long             | DBT              | CORP              | ID        |    400000 | PA      | $400150.72    | 1.37%             | 2027-04-14      | Fixed         | 4.76%                 | Yes           |                  2 | On Loan: No      |
| ZHENRO PROPERTIES GROUP LTD                                                      | ZHPRHK 7.875 04/14/24             | CUSIP: G9897EAQ2<br>LEI: 549300I66TVJEL841P38 | Long             | DBT              | CORP              | KY        |    575000 | PA      | $1437.50      | 0.00%             | 2024-04-14      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| SUZANO AUSTRIA GMBH                                                              | SUZANO 6 01/15/29                 | CUSIP: 86964WAF9<br>LEI: 254900287ZNSGVP1R341 | Long             | DBT              | CORP              | AT        |    500000 | PA      | $510750.00    | 1.75%             | 2029-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| MONG DUONG FINANCE HOLDINGS BV                                                   | MONDFI 5.125 05/07/29 REGS        | CUSIP: N6000DAA1<br>LEI: 549300995KGQFMWSV879 | Long             | DBT              | CORP              | NL        |    289690 | PA      | $286068.79    | 0.98%             | 2029-05-07      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| ZHENRO PROPERTIES GROUP LTD                                                      | ZHPRHK 9.15 05/06/23              | CUSIP: G9897EAN9<br>LEI: 549300I66TVJEL841P38 | Long             | DBT              | CORP              | KY        |    813000 | PA      | $1016.25      | 0.00%             | 2023-05-06      | Fixed         | 9.15%                 | Yes           |                  2 | On Loan: No      |
| CHINA SCE GROUP HOLDINGS LTD                                                     | CHINSC 7 05/02/25                 | CUSIP: G21190AG1<br>LEI: 549300Q8UEI2ERAP6P49 | Long             | DBT              | CORP              | KY        |   1135000 | PA      | $41143.75     | 0.14%             | 2025-05-02      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| KAISA GROUP HOLDINGS LTD                                                         | KAISAG 7.721 12/28/27 144A        | CUSIP: 000000000<br>LEI: 254900N8L3L7NRJT0120 | Long             | DBT              | CORP              | KY        |    509769 | PA      | $7646.54      | 0.03%             | 2027-12-28      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| KAISA GROUP HOLDINGS LTD                                                         | KAISAG 7 12/28/31 144A            | CUSIP: 000000000<br>LEI: 254900N8L3L7NRJT0120 | Long             | DBT              | CORP              | KY        |   2265514 | PA      | $32849.95     | 0.11%             | 2031-12-28      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| BRF GMBH                                                                         | BRFSBZ 4.35 09/29/26 REGS         | CUSIP: A08163AA4<br>LEI: 5299002S6DY5RA2IOQ11 | Long             | DBT              | CORP              | AT        |    400000 | PA      | $398100.00    | 1.37%             | 2026-09-29      | Fixed         | 4.35%                 | Yes           |                  2 | On Loan: No      |
| NBM US HOLDINGS INC                                                              | MRFGBZ 7 05/14/26 REGS            | CUSIP: U63768AA0<br>LEI: 5493008K1QMSP0J8UC24 | Long             | DBT              | CORP              | US        |    115000 | PA      | $114931.00    | 0.39%             | 2026-05-14      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| CENTRAL CHINA REAL ESTATE LTD                                                    | CENCHI 7.9 11/07/23               | CUSIP: G20769AE8<br>LEI: 549300JDML9PYG0CIJ22 | Long             | DBT              | CORP              | KY        |    560000 | PA      | $5600.00      | 0.02%             | 2023-11-07      | Fixed         | 7.90%                 | Yes           |                  2 | On Loan: No      |
| CENTRAL CHINA REAL ESTATE LTD                                                    | CENCHI 7.25 08/13/24              | CUSIP: G20769AH1<br>LEI: 549300JDML9PYG0CIJ22 | Long             | DBT              | CORP              | KY        |    979000 | PA      | $14685.00     | 0.05%             | 2024-08-13      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| TML HOLDINGS PTE LTD                                                             | TTMTIN 4.35 06/09/26              | CUSIP: Y8848XAE9<br>LEI: 254900EBGMM47QH02V57 | Long             | DBT              | CORP              | SG        |    200000 | PA      | $199750.00    | 0.69%             | 2026-06-09      | Fixed         | 4.35%                 | Yes           |                  2 | On Loan: No      |
| YUZHOU GROUP HOLDINGS CO LTD                                                     | YUZHOU 5 06/30/30 .               | CUSIP: YL7114843<br>LEI: 213800MP59KHGJSPHE82 | Long             | DBT              | CORP              | KY        |    893371 | PA      | $23450.99     | 0.08%             | 2030-06-30      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| GNL QUINTERO SA                                                                  | GNLQCI 4.634 07/31/29 REGS        | CUSIP: P4909LAA8<br>LEI: 549300JJJIQXE6E1QY27 | Long             | DBT              | CORP              | CL        |    113300 | PA      | $113264.31    | 0.39%             | 2029-07-31      | Fixed         | 4.63%                 | Yes           |                  2 | On Loan: No      |
| PETROLEOS DE VENEZUELA SA                                                        | PDVSA 8.5 10/27/20 REGS           | CUSIP: P7807HAV7<br>LEI: 549300YWR8TN1OFD4P06 | Long             | DBT              | NUSS              | VE        |  12447500 | PA      | $12852043.75  | 44.15%            | 2020-10-27      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| PROSUS NV                                                                        | PRXNA 3.257 01/19/27 REGS         | CUSIP: N7163RAW3<br>LEI: 635400Z5LQ5F9OLVT688 | Long             | DBT              | CORP              | NL        |    610000 | PA      | $602033.40    | 2.07%             | 2027-01-19      | Fixed         | 3.26%                 | Yes           |                  2 | On Loan: No      |
| BANCO DO BRASIL SA CAYMAN ISLANDS BRANCH                                         | BANBRA 4.875 01/11/29 REGS        | CUSIP: P3772WAK8<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    400000 | PA      | $398000.00    | 1.37%             | 2029-01-11      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| CHINA SCE GROUP HOLDINGS LTD                                                     | CHINSC 6 02/04/26                 | CUSIP: G21190AH9<br>LEI: 549300Q8UEI2ERAP6P49 | Long             | DBT              | CORP              | KY        |   1085000 | PA      | $41230.00     | 0.14%             | 2026-02-04      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| UNITED STATES OF AMERICA - BUREAU OF THE PUBLIC DEBT                             | B 0 06/04/26                      | CUSIP: 912797SX6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1897400 | PA      | $1890957.95   | 6.50%             | 2026-06-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SUNAC CHINA HOLDINGS LTD                                                         | SUNAC CHINA HOLDINGS LTD HKD0.10  | CUSIP: G8569A106<br>LEI: 549300OLARYHDXP3WK18 | Long             | EC               | CORP              | HK        |    284000 | NS      | $42056.91     | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| KAISA GROUP HOLDINGS LTD                                                         | KAISA GROUP HOLDINGS LTD HKD0.10  | CUSIP: G52132100<br>LEI: 254900N8L3L7NRJT0120 | Long             | EC               | CORP              | HK        |    288897 | NS      | $2834.10      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| AZUL SECURED FINANCE LLP                                                         | AZUBBZ 9.875 02/15/31 144A        | CUSIP: 05501WAJ1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $177750.00    | 0.61%             | 2031-02-15      | Fixed         | 9.88%                 | Yes           |                  2 | On Loan: No      |
| YUZHOU GROUP HOLDINGS CO LTD                                                     | YUZHOU GROUP HOLDINGS CO LTD HKD1 | CUSIP: G9884A102<br>LEI: 213800MP59KHGJSPHE82 | Long             | EC               | CORP              | KY        |    423916 | NS      | $8931.55      | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| CENTRAL AMERICAN BOTTLING CORP                                                   | CAMEBO 5.25 04/27/29 REGS         | CUSIP: G20038AA6<br>LEI: 549300DT8SH0CF6BTT37 | Long             | DBT              | CORP              | VG        |    315000 | PA      | $311552.51    | 1.07%             | 2029-04-27      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| BANCO DE CREDITO DEL PERU SA                                                     | BCP 5.85 01/11/29 REGS            | CUSIP: 05971V2E4<br>LEI: 549300EQYQ8SCQZ4BY14 | Long             | DBT              | CORP              | PE        |    400000 | PA      | $412100.00    | 1.42%             | 2029-01-11      | Fixed         | 5.85%                 | Yes           |                  2 | On Loan: No      |
| YUZHOU GROUP HOLDINGS CO LTD                                                     | YUZHOU 1 06/30/34 .               | CUSIP: YL7132365<br>LEI: 213800MP59KHGJSPHE82 | Long             | DBT              | CORP              | KY        |    344561 | PA      | $1722.81      | 0.01%             | 2034-06-30      | Fixed         | 1.00%                 | Yes           |                  2 | On Loan: No      |
| MHP LUX SA                                                                       | MHPSA 10.5 07/28/29 144A          | CUSIP: 59318YAC2<br>LEI: 222100RHC7R1WZ1J3M44 | Long             | DBT              | CORP              | LU        |    200000 | PA      | $204500.00    | 0.70%             | 2029-07-28      | Fixed         | 10.50%                | Yes           |                  2 | On Loan: No      |
| CENTRAL CHINA REAL ESTATE LTD                                                    | CENCHI 7.25 07/16/24              | CUSIP: G20768AF7<br>LEI: 549300JDML9PYG0CIJ22 | Long             | DBT              | CORP              | KY        |   1275000 | PA      | $19125.00     | 0.07%             | 2024-07-16      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| CENTRAL CHINA REAL ESTATE LTD                                                    | CENCHI 7.25 04/28/25              | CUSIP: G20769AK4<br>LEI: 549300JDML9PYG0CIJ22 | Long             | DBT              | CORP              | KY        |    190000 | PA      | $1900.00      | 0.01%             | 2025-04-28      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| SAMMAAN CAPITAL LTD                                                              | IHFLIN 9.7 07/03/27 REGS          | CUSIP: Y39140AA9<br>LEI: 335800A2A3G53ZQZTQ21 | Long             | DBT              | CORP              | IN        |    200000 | PA      | $205650.00    | 0.71%             | 2027-07-03      | Fixed         | 9.70%                 | Yes           |                  2 | On Loan: No      |
| KAISA GROUP HOLDINGS LTD                                                         | KAISAG 0 12/31/29 144A            | CUSIP: 000000000<br>LEI: 254900N8L3L7NRJT0120 | Long             | DBT              | CORP              | KY        |    886264 | PA      | $2836.04      | 0.01%             | 2029-12-31      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| CENTRAL CHINA REAL ESTATE LTD                                                    | CENCHI 7.65 08/27/25              | CUSIP: G20769AM0<br>LEI: 549300JDML9PYG0CIJ22 | Long             | DBT              | CORP              | KY        |    560000 | PA      | $7700.00      | 0.03%             | 2025-08-27      | Fixed         | 7.65%                 | Yes           |                  2 | On Loan: No      |
| EMPRESAS PUBLICAS DE MEDELLIN SA                                                 | EEPPME 4.25 07/18/29 REGS         | CUSIP: P9379RBA4<br>LEI: 549300SU25TO8EMXB434 | Long             | DBT              | CORP              | CO        |    200000 | PA      | $188940.00    | 0.65%             | 2029-07-18      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| AGROBANK JSCB                                                                    | AGROBK 9.25 10/02/29 REGS         | CUSIP: Y17001AA9<br>LEI: 254900JPMU0LFCP18673 | Long             | DBT              | CORP              | UZ        |    400000 | PA      | $435328.00    | 1.50%             | 2029-10-02      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| BANCO SANTANDER (MX) SA INSTITUCION DE BANCA MULTIPLE GRUPO FINANCIERO SANTANDER | BSMXB 5.621 12/10/29 REGS         | CUSIP: P1507SAL1<br>LEI: SCRYQ25DTVRHYYMM6P89 | Long             | DBT              | CORP              | MX        |    400000 | PA      | $410800.00    | 1.41%             | 2029-12-10      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| SAMMAAN CAPITAL LTD                                                              | IHFLIN 8.95 08/28/28 REGS         | CUSIP: Y747JPAB9<br>LEI: 335800A2A3G53ZQZTQ21 | Long             | DBT              | CORP              | IN        |    200000 | PA      | $207200.00    | 0.71%             | 2028-08-28      | Fixed         | 8.95%                 | Yes           |                  2 | On Loan: No      |
| STANDARD CHARTERED PLC                                                           | STANLN V6.187 07/06/27 REGS       | CUSIP: G84228FU7<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |    400000 | PA      | $400752.00    | 1.38%             | 2027-07-06      | Fixed         | 6.19%                 | Yes           |                  2 | On Loan: No      |
| MUTHOOT FINANCE LTD                                                              | MUTHIN 7.125 02/14/28 REGS        | CUSIP: 62828M2C4<br>LEI: 335800HAMJMBFL4RRF02 | Long             | DBT              | CORP              | IN        |    300000 | PA      | $304800.00    | 1.05%             | 2028-02-14      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| BBVA MEXICO SA TEXAS BRANCH                                                      | BBVASM 5.25 09/10/29 REGS         | CUSIP: P1S81BAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    400000 | PA      | $407000.00    | 1.40%             | 2029-09-10      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| FORTUNE STAR (BVI) LTD                                                           | FOSUNI 8.5 05/19/28               | CUSIP: G3641TAS7<br>LEI: 2549008CU8NYQQRSNU62 | Long             | DBT              | CORP              | VG        |    320000 | PA      | $327520.00    | 1.12%             | 2028-05-19      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| KAISA GROUP HOLDINGS LTD                                                         | KAISAG 6.75 12/28/30 144A         | CUSIP: 000000000<br>LEI: 254900N8L3L7NRJT0120 | Long             | DBT              | CORP              | KY        |   1503713 | PA      | $23457.92     | 0.08%             | 2030-12-28      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| KAISA GROUP HOLDINGS LTD                                                         | KAISAG 0 12/31/26 144A            | CUSIP: 000000000<br>LEI: 254900N8L3L7NRJT0120 | Long             | DBT              | CORP              | KY        |    443131 | PA      | $2215.66      | 0.01%             | 2026-12-31      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| KAISA GROUP HOLDINGS LTD                                                         | KAISAG 0 12/31/30 .               | CUSIP: 000000000<br>LEI: 254900N8L3L7NRJT0120 | Long             | DBT              | CORP              | KY        |   1107831 | PA      | $2636.64      | 0.01%             | 2030-12-31      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| CLEAN RENEWABLE POWER (MAURITIUS) PTE LTD                                        | CLRNPW 4.25 03/25/27 REGS         | CUSIP: V2352NAB1<br>LEI: 2138003P9CSDW7P4MT75 | Long             | DBT              | CORP              | MU        |    551985 | PA      | $543705.23    | 1.87%             | 2027-03-25      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| VEDANTA RESOURCES FINANCE II PLC                                                 | VEDLN 10.25 06/03/28 REGS         | CUSIP: G9T27HAH7<br>LEI: 8945002DGA3BBXO3N634 | Long             | DBT              | CORP              | GB        |    305000 | PA      | $312625.00    | 1.07%             | 2028-06-03      | Fixed         | 10.25%                | Yes           |                  2 | On Loan: No      |
| MUANGTHAI CAPITAL PCL                                                            | MTCTB 7.55 07/21/30 REGS          | CUSIP: Y613G3QA0<br>LEI: 254900ZI1FO2W9132C98 | Long             | DBT              | CORP              | TH        |    300000 | PA      | $304244.25    | 1.05%             | 2030-07-21      | Fixed         | 7.55%                 | Yes           |                  2 | On Loan: No      |
| YUZHOU GROUP HOLDINGS CO LTD                                                     | YUZHOU 4 06/30/28 .               | CUSIP: YL7124701<br>LEI: 213800MP59KHGJSPHE82 | Long             | DBT              | CORP              | KY        |    382500 | PA      | $13387.50     | 0.05%             | 2028-06-30      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| KAISA GROUP HOLDINGS LTD                                                         | KAISAG 5 11/30/27 144A            | CUSIP: YK3664892<br>LEI: 254900N8L3L7NRJT0120 | Long             | DBT              | CORP              | KY        |     86105 | PA      | $6914.23      | 0.02%             | 2027-11-30      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| SUNAC CHINA HOLDINGS LTD                                                         | SUNAC 0 06/23/28 144A             | CUSIP: DC5107891<br>LEI: 549300OLARYHDXP3WK18 | Long             | DBT              | CORP              | KY        |    365754 | PA      | $93976.83     | 0.32%             | 2028-06-23      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| CHINA SCE GROUP HOLDINGS LTD                                                     | CHINSC 7.375 04/09/24             | CUSIP: G21190AB2<br>LEI: 549300Q8UEI2ERAP6P49 | Long             | DBT              | CORP              | KY        |    410000 | PA      | $14862.50     | 0.05%             | 2024-04-09      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| CHINA SCE GROUP HOLDINGS LTD                                                     | CHINSC 5.95 09/29/24              | CUSIP: G21190AJ5<br>LEI: 549300Q8UEI2ERAP6P49 | Long             | DBT              | CORP              | KY        |    800000 | PA      | $25000.00     | 0.09%             | 2024-09-29      | Fixed         | 5.95%                 | Yes           |                  2 | On Loan: No      |
| GREENKO POWER II LTD                                                             | GRNKEN 4.3 12/13/28 REGS          | CUSIP: V3855MAA5<br>LEI: 254900YYA4B6O2O4JM12 | Long             | DBT              | CORP              | MU        |    152000 | PA      | $145291.48    | 0.50%             | 2028-12-13      | Fixed         | 4.30%                 | Yes           |                  2 | On Loan: No      |
| OTP BANK NYRT                                                                    | OTPHB V7.5 05/25/27 EMTN          | CUSIP: X6074EMD0<br>LEI: 529900W3MOO00A18X956 | Long             | DBT              | CORP              | HU        |    400000 | PA      | $401004.00    | 1.38%             | 2027-05-25      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| VEDANTA RESOURCES FINANCE II PLC                                                 | VEDLN 10.875 09/17/29 REGS        | CUSIP: G9T27HAG9<br>LEI: 8945002DGA3BBXO3N634 | Long             | DBT              | CORP              | GB        |    400000 | PA      | $424500.00    | 1.46%             | 2029-09-17      | Fixed         | 10.88%                | Yes           |                  2 | On Loan: No      |
| YUZHOU GROUP HOLDINGS CO LTD                                                     | YUZHOU 4.5 06/30/29 .             | CUSIP: YL7122382<br>LEI: 213800MP59KHGJSPHE82 | Long             | DBT              | CORP              | KY        |    667685 | PA      | $19195.94     | 0.07%             | 2029-06-30      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| KAISA GROUP HOLDINGS LTD                                                         | KAISAG 0 12/31/27 144A            | CUSIP: 000000000<br>LEI: 254900N8L3L7NRJT0120 | Long             | DBT              | CORP              | KY        |    553941 | PA      | $2817.73      | 0.01%             | 2027-12-31      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| KAISA GROUP HOLDINGS LTD                                                         | KAISAG 0 12/31/31 144A            | CUSIP: 000000000<br>LEI: 254900N8L3L7NRJT0120 | Long             | DBT              | CORP              | KY        |   1107831 | PA      | $5539.16      | 0.02%             | 2031-12-31      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| MUTHOOT FINANCE LTD                                                              | MUTHIN 5.75 08/04/30 144A         | CUSIP: 62828L2F9<br>LEI: 335800HAMJMBFL4RRF02 | Long             | DBT              | CORP              | IN        |    200000 | PA      | $198050.00    | 0.68%             | 2030-08-04      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| TRANSPORTADORA DE GAS DEL PERU SA                                                | TGPERU 4.25 04/30/28 REGS         | CUSIP: P9367RAG6<br>LEI: 529900SKHHNI5HVI0Y66 | Long             | DBT              | CORP              | PE        |    120000 | PA      | $119430.00    | 0.41%             | 2028-04-30      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| TURKIYE IS BANKASI AS                                                            | ISCTR 7.75 06/12/29 REGS          | CUSIP: M8933FQD2<br>LEI: 789000FIRX9MDN0KTM91 | Long             | DBT              | CORP              | TR        |    400000 | PA      | $415384.00    | 1.43%             | 2029-06-12      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| VEON MIDCO BV                                                                    | VEONHD 3.375 11/25/27 REGs        | CUSIP: N9219HAP0<br>LEI: 213800GOFSH7EPKBRE50 | Long             | DBT              | CORP              | NL        |    600000 | PA      | $583590.00    | 2.00%             | 2027-11-25      | Fixed         | 3.38%                 | Yes           |                  2 | On Loan: No      |
| MUANGTHAI CAPITAL PCL                                                            | MTCTB 6.875 09/30/28              | CUSIP: Y613G3MY2<br>LEI: 254900ZI1FO2W9132C98 | Long             | DBT              | CORP              | TH        |    500000 | PA      | $502520.00    | 1.73%             | 2028-09-30      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| NAVOI MINING AND METALLURGICAL CO JSC                                            | NAVOIM 6.7 10/17/28 REGS          | CUSIP: Y6S30MAA3<br>LEI: 213800YLNAGERZ4C3M60 | Long             | DBT              | CORP              | UZ        |    600000 | PA      | $616500.00    | 2.12%             | 2028-10-17      | Fixed         | 6.70%                 | Yes           |                  2 | On Loan: No      |
| AVIANCA MIDCO 2 PLC                                                              | AVIAGP 9.5 01/28/31 144A          | CUSIP: 05369YAD1<br>LEI: 213800AMPX5VKH9AMX10 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $187000.00    | 0.64%             | 2031-01-28      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| DELHI INTERNATIONAL AIRPORT LTD                                                  | DIALIN 6.45 06/04/29 REGS         | CUSIP: Y2R40TAB4<br>LEI: 335800HBF5DARYMEUD12 | Long             | DBT              | CORP              | IN        |    630000 | PA      | $650790.00    | 2.24%             | 2029-06-04      | Fixed         | 6.45%                 | Yes           |                  2 | On Loan: No      |
| QNB BANK AS                                                                      | QNBFB 7.25 05/21/29               | CUSIP: YX0716275<br>LEI: 789000Q21SW842S9IJ58 | Long             | DBT              | CORP              | TR        |    300000 | PA      | $309285.00    | 1.06%             | 2029-05-21      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| YUZHOU GROUP HOLDINGS CO LTD                                                     | YUZHOU 5.5 06/30/31 .             | CUSIP: YL7128363<br>LEI: 213800MP59KHGJSPHE82 | Long             | DBT              | CORP              | KY        |   1256246 | PA      | $31412.43     | 0.11%             | 2031-06-30      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| KAISA GROUP HOLDINGS LTD                                                         | KAISAG 6.25 12/28/28 144A         | CUSIP: 000000000<br>LEI: 254900N8L3L7NRJT0120 | Long             | DBT              | CORP              | KY        |    745228 | PA      | $9315.35      | 0.03%             | 2028-12-28      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| KAISA GROUP HOLDINGS LTD                                                         | KAISAG 7.25 12/28/32 144A         | CUSIP: 000000000<br>LEI: 254900N8L3L7NRJT0120 | Long             | DBT              | CORP              | KY        |   2132046 | PA      | $21299.14     | 0.07%             | 2032-12-28      | Fixed         |  | Yes           |                  2 | On Loan: No      |
| KAISA GROUP HOLDINGS LTD                                                         | KAISAG 0 12/31/28 144A            | CUSIP: 000000000<br>LEI: 254900N8L3L7NRJT0120 | Long             | DBT              | CORP              | KY        |    886264 | PA      | $443.13       | 0.00%             | 2028-12-31      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| KAISA GROUP HOLDINGS LTD                                                         | KAISAG 0 12/31/32 144A            | CUSIP: 000000000<br>LEI: 254900N8L3L7NRJT0120 | Long             | DBT              | CORP              | KY        |   2089984 | PA      | $10449.92     | 0.04%             | 2032-12-31      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-05-29

**Name of Applicant:** Ashmore Funds

**Signature:** Taurai Sigauke

**Name of Signer:** Taurai Sigauke

**Title:** Treasurer