# EDGAR Filing Document

**Accession Number:** 0001498498
**File Stem:** 0002066578-26-002128
**Filing Date:** 2026-6
**Character Count:** 23115
**Document Hash:** 9d48d80962636aed9290997539608d4b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002066578-26-002128.hdr.sgml**: 20260625

**ACCESSION NUMBER**: 0002066578-26-002128

**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:** 261119313

**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 Frontier Equity Fund (Series ID: S000041978)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000130348 | Class A             | EFEAX           |
| C000130349 | Class C             | EFECX           |
| C000130350 | Institutional Class | EFEIX           |
| C000183169 | Class T             | EFETX           |

## 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 Frontier Equity Fund

- **b. EDGAR series identifier (if any):** S000041978

- **c. LEI of Series:** 5493004FM1DCWJL13M78

**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:** $108881804.19

**Total Liabilities:** $2436073.50

**Net Assets:** $106445730.69

**Cash Not Reported:** $5102286.83

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000130348 | 1.35%                | -9.00%               | 4.94%                |
| Class ID C000130349 | 1.25%                | -9.00%               | 4.85%                |
| Class ID C000130350 | 1.34%                | -9.02%               | 5.03%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-346175.76              | $1775994.88                                |
| Month 2  | $2477680.49              | $-12644917.89                              |
| Month 3  | $741489.84               | $3532152.26                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| NATIONAL BANK OF KUWAIT SAK                   | NATIONAL BANK OF KUWAIT SAK KWD0.1                                       | CUSIP: M7103V108<br>LEI: 549300NB7FE83IH6BW96 | Long             | EC               | CORP              | KW        |    738772 | NS      | $2070799.67   | 1.95%             |  |  |  | No            |                  2 | On Loan: No      |
| ABU DHABI ISLAMIC BANK PJSC                   | ABU DHABI ISLAMIC BANK PJSC AED1                                         | CUSIP: M0152R102<br>LEI: 5493006DOLY8O98XHD74 | Long             | EC               | CORP              | AE        |    236815 | NS      | $1420548.58   | 1.33%             |  |  |  | No            |                  2 | On Loan: No      |
| GUARANTY TRUST HOLDING COMPANY PLC            | GUARANTY TRUST HOLDING COMPANY PLC NGN0.50                               | CUSIP: V4161A100<br>LEI: 0292004488G9K8Y1I649 | Long             | EC               | CORP              | NG        |  24949658 | NS      | $2449897.91   | 2.30%             |  |  |  | No            |                  2 | On Loan: No      |
| HUDBAY MINERALS INC                           | HUDBAY MINERALS INC COM NPV                                              | CUSIP: 443628102<br>LEI: 894500LX3TMESP27BE29 | Long             | EC               | CORP              | CA        |     69000 | NS      | $1596039.31   | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| COMMERCIAL INTERNATIONAL BANK EGYPT SAE       | COMMERCIAL INTERNATIONAL BANK EGYPT SAE GDR EACH REPR 1 ORD EGP10 REG'S' | CUSIP: 201712205<br>LEI: 213800FIIXJAMEVRIH48 | Long             | EC               | CORP              | EG        |    414551 | NS      | $1031660.17   | 0.97%             |  |  |  | Yes           |                  2 | On Loan: No      |
| BANCA TRANSILVANIA SA                         | BANCA TRANSILVANIA SA RON10                                              | CUSIP: X0308Q105<br>LEI: 549300RG3H390KEL8896 | Long             | EC               | CORP              | RO        |    611627 | NS      | $5015614.86   | 4.71%             |  |  |  | No            |                  2 | On Loan: No      |
| OMV PETROM SA                                 | OMV PETROM SA RON0.1                                                     | CUSIP: X6000W100<br>LEI: 549300UKYDM6L8HEPU79 | Long             | EC               | CORP              | RO        |  10317268 | NS      | $2342160.36   | 2.20%             |  |  |  | No            |                  2 | On Loan: No      |
| SAUDI NATIONAL BANK (THE)                     | SAUDI NATIONAL BANK (THE) SAR10                                          | CUSIP: M7S2CL107<br>LEI: 5586006ZEFQ542K7CY16 | Long             | EC               | CORP              | SA        |    127698 | NS      | $1338239.51   | 1.26%             |  |  |  | No            |                  2 | On Loan: No      |
| LION FINANCE GROUP PLC                        | LION FINANCE GROUP PLC ORD GBP0.01                                       | CUSIP: G0R1NA104<br>LEI: 213800XKDG12NQG8VC53 | Long             | EC               | CORP              | GB        |     13149 | NS      | $1992628.33   | 1.87%             |  |  |  | No            |                  2 | On Loan: No      |
| VISTA ENERGY SAB DE CV                        | VISTA ENERGY SAB DE CV SPON ADS EA REP 1 ORD SHS                         | CUSIP: 92837L109<br>LEI: 549300UDOHP7958KNS89 | Long             | EC               | CORP              | MX        |     12620 | NS      | $937918.40    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| PIRAEUS BANK SA (NEW)                         | PIRAEUS BANK SA (NEW) EUR0.93                                            | CUSIP: X5S2FJ101<br>LEI: 213800OYHR1MPQ5VJL60 | Long             | EC               | CORP              | GR        |    239722 | NS      | $2288390.03   | 2.15%             |  |  |  | No            |                  2 | On Loan: No      |
| VINHOMES JSC                                  | VINHOMES JSC VND10000                                                    | CUSIP: Y937JX103<br>LEI: 2549007LS0F7J946DA02 | Long             | EC               | CORP              | VN        |    566900 | NS      | $3161629.89   | 2.97%             |  |  |  | No            |                  2 | On Loan: No      |
| HALYK BANK JSC                                | HALYK BANK JSC GDR EACH REPR 40 ORD SHS'REGS' (SPON)                     | CUSIP: 46627J302<br>LEI: 213800NYDTVQM4SDUD67 | Long             | EC               | CORP              | KZ        |    141658 | NS      | $4860205.59   | 4.57%             |  |  |  | Yes           |                  2 | On Loan: No      |
| FIRST ABU DHABI BANK PJSC                     | FIRST ABU DHABI BANK PJSC AED1                                           | CUSIP: M7080Z114<br>LEI: 2138002Y3WMK6RZS8H90 | Long             | EC               | CORP              | AE        |    555160 | NS      | $2666462.76   | 2.50%             |  |  |  | No            |                  2 | On Loan: No      |
| NAM LONG INVESTMENT CORP                      | NAM LONG INVESTMENT CORP VND10000                                        | CUSIP: Y618A5109<br>LEI: N/A                  | Long             | EC               | CORP              | VN        |   1289954 | NS      | $1369093.16   | 1.29%             |  |  |  | No            |                  2 | On Loan: No      |
| VIETNAM PROSPERITY JSC BANK                   | VIETNAM PROSPERITY JSC BANK VND10000                                     | CUSIP: Y9369Z101<br>LEI: 254900A0PM1YPJVDW880 | Long             | EC               | CORP              | VN        |   1765600 | NS      | $1791923.82   | 1.68%             |  |  |  | No            |                  2 | On Loan: No      |
| LOMA NEGRA COMPANIA INDUSTRIAL ARGENTINA SA   | LOMA NEGRA COMPANIA INDUSTRIAL ARGENTINA SA SPON ADS EACH REP 5 ORD SHS  | CUSIP: 54150E104<br>LEI: 529900VKOQQJ8U9DDK92 | Long             | EC               | CORP              | AR        |    117254 | NS      | $1294484.16   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| ARION BANKI HF                                | ARION BANKI HF ISK1                                                      | CUSIP: X02228108<br>LEI: RIL4VBPDB0M7Z3KXSF19 | Long             | EC               | CORP              | IS        |   1421615 | NS      | $2223339.60   | 2.09%             |  |  |  | Yes           |                  2 | On Loan: No      |
| ATTIJARIWAFA BANK SA                          | ATTIJARIWAFA BANK SA MAD10                                               | CUSIP: V0378K154<br>LEI: 213800NKX83414QQZ664 | Long             | EC               | CORP              | MA        |     34518 | NS      | $2619282.90   | 2.46%             |  |  |  | No            |                  2 | On Loan: No      |
| QATAR NATIONAL BANK SAQ                       | QATAR NATIONAL BANK SAQ QAR1                                             | CUSIP: M81802106<br>LEI: 549300FFSRVBS0SQXY75 | Long             | EC               | CORP              | QA        |    558372 | NS      | $2667894.69   | 2.51%             |  |  |  | No            |                  2 | On Loan: No      |
| ABU DHABI ISLAMIC BANK EGYPT                  | ABU DHABI ISLAMIC BANK EGYPT EGP10                                       | CUSIP: M0153Y106<br>LEI: 549300FMPETKV5WPMW57 | Long             | EC               | CORP              | EG        |   1098600 | NS      | $917890.34    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| ASIA COMMERCIAL BANK JSB                      | ASIA COMMERCIAL BANK JSB VND10000                                        | CUSIP: Y0324N101<br>LEI: 5493001VSLUXY7LJS086 | Long             | EC               | CORP              | VN        |   1528031 | NS      | $1370660.21   | 1.29%             |  |  |  | No            |                  2 | On Loan: No      |
| HOA PHAT GROUP JSC                            | HOA PHAT GROUP JSC VND10000                                              | CUSIP: Y3231H100<br>LEI: 549300ODJEFGL5CWKD32 | Long             | EC               | CORP              | VN        |   1994660 | NS      | $2102921.62   | 1.98%             |  |  |  | No            |                  2 | On Loan: No      |
| BDO UNIBANK INC                               | BDO UNIBANK INC PHP10                                                    | CUSIP: Y07775102<br>LEI: 3FGIIBS1PEI1FYQBGN97 | Long             | EC               | CORP              | PH        |    935853 | NS      | $1749110.37   | 1.64%             |  |  |  | No            |                  2 | On Loan: No      |
| PARKIN COMPANY PJSC                           | PARKIN COMPANY PJSC AED0.02                                              | CUSIP: M75283107<br>LEI: N/A                  | Long             | EC               | CORP              | AE        |   1344065 | NS      | $1913999.35   | 1.80%             |  |  |  | No            |                  2 | On Loan: No      |
| CREDICORP LTD                                 | CREDICORP LTD COM USD5                                                   | CUSIP: G2519Y108<br>LEI: 529900UYAEYQCQ2BKB17 | Long             | EC               | CORP              | BM        |     10373 | NS      | $3362615.41   | 3.16%             |  |  |  | No            |                  1 | On Loan: No      |
| TRANSPORTADORA DE GAS DEL SUR SA              | TRANSPORTADORA DE GAS DEL SUR SA SPN ADS EACH REP 5'B'ARS1               | CUSIP: 893870204<br>LEI: 5299002TRC7IFQYSW596 | Long             | EC               | CORP              | AR        |     41501 | NS      | $1266195.51   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| CAMECO CORP                                   | CAMECO CORP COM NPV                                                      | CUSIP: 13321L108<br>LEI: N4BHALMXL3GMZKCUON55 | Long             | EC               | CORP              | CA        |     12800 | NS      | $1574912.00   | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| QATAR GAS TRANSPORT COMPANY LTD (NAKILAT)     | QATAR GAS TRANSPORT COMPANY LTD (NAKILAT) QAR1                           | CUSIP: M8178L108<br>LEI: N/A                  | Long             | EC               | CORP              | QA        |   1446375 | NS      | $1703826.86   | 1.60%             |  |  |  | No            |                  2 | On Loan: No      |
| BANK FOR FOREIGN TRADE OF VIETNAM JSC         | BANK FOR FOREIGN TRADE OF VIETNAM JSC VND10000                           | CUSIP: Y444A7106<br>LEI: 2549004TS5QUBFGAWE51 | Long             | EC               | CORP              | VN        |    894684 | NS      | $2026224.43   | 1.90%             |  |  |  | No            |                  2 | On Loan: No      |
| GULF BANK KSCP                                | GULF BANK KSCP KWD0.1                                                    | CUSIP: M5246Y104<br>LEI: 254900600P224MZQZD69 | Long             | EC               | CORP              | KW        |   1121265 | NS      | $1236514.41   | 1.16%             |  |  |  | No            |                  2 | On Loan: No      |
| PHUNHUAN JEWELRY JSC                          | PHUNHUAN JEWELRY JSC VND10000                                            | CUSIP: Y6891A109<br>LEI: N/A                  | Long             | EC               | CORP              | VN        |    727899 | NS      | $1874279.99   | 1.76%             |  |  |  | No            |                  2 | On Loan: No      |
| CENTURY PACIFIC FOOD INC                      | CENTURY PACIFIC FOOD INC PHP1                                            | CUSIP: Y1249R102<br>LEI: 254900NFV7QTJB821G52 | Long             | EC               | CORP              | PH        |   1085300 | NS      | $503702.40    | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| NOVA LJUBLJANSKA BANKA DD                     | NOVA LJUBLJANSKA BANKA DD 5 GDR EACH REPR 1 ORD SHS SPON REG S           | CUSIP: 66980N203<br>LEI: 5493001BABFV7P27OW30 | Long             | EC               | CORP              | SI        |     51784 | NS      | $2719366.68   | 2.55%             |  |  |  | Yes           |                  2 | On Loan: No      |
| KASPI.KZ JSC                                  | KASPI.KZ JSC SPONSORED ADS                                               | CUSIP: 48581R205<br>LEI: 2549003YU6FARG8OAZ13 | Long             | EC               | CORP              | KZ        |     45304 | NS      | $3888895.36   | 3.65%             |  |  |  | No            |                  1 | On Loan: No      |
| MOBILE WORLD INVESTMENT CORP                  | MOBILE WORLD INVESTMENT CORP VND10000                                    | CUSIP: Y604K2105<br>LEI: 254900ZRFNB8CRAHHO95 | Long             | EC               | CORP              | VN        |    588000 | NS      | $1888910.88   | 1.77%             |  |  |  | No            |                  2 | On Loan: No      |
| ADNOC GAS PLC                                 | ADNOC GAS PLC USD0.250                                                   | CUSIP: M0R823101<br>LEI: 254900O5NS03BDOOM362 | Long             | EC               | CORP              | AE        |    762869 | NS      | $700200.69    | 0.66%             |  |  |  | No            |                  2 | On Loan: No      |
| VIETNAM DAIRY PRODUCTS JSC                    | VIETNAM DAIRY PRODUCTS JSC VND10000                                      | CUSIP: Y9365V104<br>LEI: 549300148GRJ07D21X63 | Long             | EC               | CORP              | VN        |    450000 | NS      | $1045620.07   | 0.98%             |  |  |  | No            |                  2 | On Loan: No      |
| PHILEX MINING CORP                            | PHILEX MINING CORP PHP1                                                  | CUSIP: Y68991135<br>LEI: 2549003WBGIWUSNRZX59 | Long             | EC               | CORP              | PH        |   6993300 | NS      | $1084091.41   | 1.02%             |  |  |  | No            |                  2 | On Loan: No      |
| NAGACORP LTD                                  | NAGACORP LTD HKD0.0125                                                   | CUSIP: G6382M109<br>LEI: 549300MMNKN0RBJELS20 | Long             | EC               | CORP              | KY        |   2657263 | NS      | $1358637.79   | 1.28%             |  |  |  | No            |                  2 | On Loan: No      |
| KRKA TOVARNA ZDRAVIL DD                       | KRKA TOVARNA ZDRAVIL DD NPV                                              | CUSIP: X4571Y100<br>LEI: 549300H9RLRTRTLRUZ73 | Long             | EC               | CORP              | SI        |      8263 | NS      | $2368242.12   | 2.22%             |  |  |  | No            |                  2 | On Loan: No      |
| INTERNATIONAL CONTAINER TERMINAL SERVICES INC | INTERNATIONAL CONTAINER TERMINAL SERVICES INC PHP1                       | CUSIP: Y41157101<br>LEI: 254900FU1MWK0I0Q4J61 | Long             | EC               | CORP              | PH        |    200590 | NS      | $2333733.20   | 2.19%             |  |  |  | No            |                  2 | On Loan: No      |
| GEMADEPT CORP                                 | GEMADEPT CORP VND10000                                                   | CUSIP: Y2690B109<br>LEI: N/A                  | Long             | EC               | CORP              | VN        |    666700 | NS      | $1908280.17   | 1.79%             |  |  |  | No            |                  2 | On Loan: No      |
| SEARLE CO LTD (THE)                           | SEARLE CO LTD (THE) PKR10                                                | CUSIP: Y7561Y104<br>LEI: N/A                  | Long             | EC               | CORP              | PK        |   5756711 | NS      | $1804325.01   | 1.70%             |  |  |  | No            |                  2 | On Loan: No      |
| SODEP MARSA MAROC                             | SODEP MARSA MAROC MAD10                                                  | CUSIP: V8006D104<br>LEI: N/A                  | Long             | EC               | CORP              | MA        |     22480 | NS      | $2037753.94   | 1.91%             |  |  |  | No            |                  2 | On Loan: No      |
| FPT DIGITAL RETAIL JSC                        | FPT DIGITAL RETAIL JSC NPV                                               | CUSIP: Y26334105<br>LEI: N/A                  | Long             | EC               | CORP              | VN        |    419200 | NS      | $2378954.24   | 2.23%             |  |  |  | No            |                  2 | On Loan: No      |
| DOHA BANK QSC                                 | DOHA BANK QSC QAR1.00                                                    | CUSIP: M28186100<br>LEI: 549300O5KAG21BMZ8N83 | Long             | EC               | CORP              | QA        |   1900389 | NS      | $1409559.13   | 1.32%             |  |  |  | No            |                  2 | On Loan: No      |
| VINGROUP JSC                                  | VINGROUP JSC VND10000                                                    | CUSIP: Y9375L104<br>LEI: 254900MJ9C15O3O1V757 | Long             | EC               | CORP              | VN        |    305800 | NS      | $2499031.95   | 2.35%             |  |  |  | No            |                  2 | On Loan: No      |
| IMEXPHARM CORP                                | IMEXPHARM CORP VND10000                                                  | CUSIP: Y3884L101<br>LEI: N/A                  | Long             | EC               | CORP              | VN        |    331500 | NS      | $639441.98    | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| EMAAR PROPERTIES PJSC                         | EMAAR PROPERTIES PJSC AED1                                               | CUSIP: M4025S107<br>LEI: 254900YWYEXYXK1BMP81 | Long             | EC               | CORP              | AE        |    397255 | NS      | $1285598.88   | 1.21%             |  |  |  | No            |                  2 | On Loan: No      |
| KAROOOOO LTD                                  | KAROOOOO LTD ORD SHS                                                     | CUSIP: Y4600W108<br>LEI: N/A                  | Long             | EC               | CORP              | SG        |     27900 | NS      | $1365844.50   | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| ADNOC LOGISTICS & SERVICES PLC                | ADNOC LOGISTICS & SERVICES PLC USD0.54                                   | CUSIP: M0R824109<br>LEI: 254900CIXQYSEOFXAB16 | Long             | EC               | CORP              | AE        |   1076785 | NS      | $1724973.14   | 1.62%             |  |  |  | No            |                  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