Fund Evaluator:
Ashmore Emerging Mkts Corp Inc A (ECDAX)
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Fund Details
Ashmore Emerging Mkts Corp Inc A Overview
Ashmore Emerging Mkts Corp Inc A (ECDAX) is an actively managed Taxable Bond Emerging Markets Bond fund. Ashmore launched the fund in 2011.
The investment seeks to maximize total return. The fund seeks to achieve its objective by investing principally in debt instruments of corporate issuers, which may be denominated in any currency, including the local currency of the issuer. A Corporate issuer is an issuer located in an Emerging Market Country or an issuer deriving at least 50% of its revenues or profits from goods produced or sold, investments made, or services performed in one or more Emerging Market Countries or that has at least 50% of its assets in one or more Emerging Market Countries.
About Ashmore Emerging Mkts Corp Inc A (ECDAX)
There are 6 members of the management team with an average tenure of 7.32 years: Robin Forrest (2012), Fernando Assad (2016), Cemil Urganci (2023), Xin Xu (2025), Sarit Shah (2025), Mark Coombs (2010). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: JPM CEMBI Broad Diversified TR USD index with a weighting of 100%. Ashmore Emerging Mkts Corp Inc A has 160 securities in its portfolio. The top 10 holdings constitute 36.8% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Ashmore Emerging Mkts Corp Inc A is part of the Fixed Income global asset class and is within the Taxable Bond fund group. Ashmore Emerging Mkts Corp Inc A has 75.9% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0%. There is 0.3% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 90.1% (14.5% domestic bond, 75.6% foreign bond and 0.6% convertible bond). Ashmore Emerging Mkts Corp Inc A has 9.0% of the portfolio in cash.
Assets Under Management
The fund has $2 million in total assets, which is below the $325 million average for the Emerging Markets Bond category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
ECDAX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Ashmore Emerging Mkts Corp Inc A expense ratio is high compared to funds in the Emerging Markets Bond category. Ashmore Emerging Mkts Corp Inc A has an expense ratio of 1.28%, which is 26% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Ashmore Emerging Mkts Corp Inc A has a portfolio turnover rate of 52%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 82% for the Emerging Markets Bond category.
Recently, in the month of June 2026, Ashmore Emerging Mkts Corp Inc A returned -0.2%, which earned it a grade of F, as the Emerging Markets Bond category had an average return of 0.7%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Ashmore Emerging Mkts Corp Inc A has a trailing yield of 8.66%, which is above the 5.95% category average. The fund normally distributes its income monthly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Ashmore Emerging Mkts Corp Inc A Grades
Year to date, the fund has returned 2.8%, 0.5 percentage points worse than the category, which translates into a grade of C. The fund has returned 6.9% over the past year (grade of F), 8.4% over the past three years (grade of D) and -1.3% per year over the past five years (grade of F) and 3.3% per year over the past 10 years (grade of D).
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ECDAX Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| ECDAX Return (NAV) | -0.2% | 1.8% | 6.9% | 8.4% | -1.3% | 3.3% |
| ECDAX Grade | F | F | F | D | F | D |
| +/- Category | -0.9% | -2.6% | -4.1% | -1.8% | -4.2% | -0.5% |
| Emerging Markets Bond Avg | 0.7% | 4.4% | 11.0% | 10.1% | 3.0% | 3.8% |
| ECDAX Tax Cost Ratio | na | na | 3.4% | 2.6% | 2.7% | 2.6% |
ECDAX Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| ECDAX Return (NAV) | 2.8% | 7.4% | 8.5% | 5.9% | -20.0% | -5.7% | 7.5% | 10.7% | -4.1% | 14.7% | 19.4% |
| ECDAX Grade | C | F | A | F | F | F | B | F | B | A | A |
| +/- Category | -0.5% | -6.5% | 2.2% | -5.7% | -5.1% | -2.8% | 2.0% | -2.5% | 1.3% | 3.4% | 7.5% |
| Emerging Markets Bond Avg | 3.4% | 13.8% | 6.3% | 11.6% | -14.8% | -2.9% | 5.5% | 13.1% | -5.4% | 11.2% | 11.9% |
| Risk Measures | |
| Standard Deviation: | 3.8% |
| Total Risk Index: | 0.32 - Low |
| Category Risk Index: | 0.61 - Low |
| Category Risk Grade: | A (4% Rank) |
| Beta: | 0.43 |
| R-Squared: | 40% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Mid-Cap Value |
| Bond Investment Style: | na |
| Yield: | 8.7% |
| Dividend Distribution: | Monthly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $16 Mil |
| Fund Total Assets: | $ 2 Mil |
| Share Class Type: | A |
| Portfolio Turnover: | 52% |
Management Team
| Number of Managers: 6 | |||
| Longest Tenure: 15.6 years | |||
| Average Tenure: 7.3 years | |||
| Managers (Year): Coombs Mark (2010), Forrest Robin (2012), Assad Fernando (2016), Urganci Cemil (2023), Xu Xin (2025), Shah Sarit (2025) | |||
Portfolio Composition (as of 3/31/26)
| # of Holdings: | 160 |
| % in Top 10 Holdings: | 36.8% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 75.9% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.3% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 14.5% |
| Foreign Bond: | 75.6% |
| Convertible Bond: | 0.6% |
| Other: | 0.0% |
| Cash: | 9.0% |
Purchase Information
| Fund Family: | Ashmore |
| Phone Number: | 866-876-8294 |
| Website: | www.ashmoregroup.com |
| Status: | Open |
| Inception Date: | May 12, 2011 |
| Min. Initial Purchase: | $1,000 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | No |
| Front Load Maximum: | 4.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.25% |
Expenses and Fees | |
| Expense Ratio (%): | 1.28% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.01% |
| Share Class: | Ashmore Emerging Mkts Corp Inc Instl |
| Min. Subsequent Purchase: | $ 50 |
| Min. Subsequent IRA Purchase: | $ 0 |
