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Ashmore Emerging Mkts Frontier Eq A Overview

Ashmore Emerging Mkts Frontier Eq A (EFEAX) is an actively managed International Equity Diversified Emerging Mkts fund. Ashmore launched the fund in 2014.

The investment seeks long-term capital appreciation. The fund seeks to achieve its objective by investing principally in equity securities and equity-related investments of Frontier Market Issuers, which may be denominated in any currency, including the local currency of the issuer. A Frontier Market Issuer is an issuer that is located in a Frontier 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 Frontier Market Countries or that has at least 50% of its assets in one or more Frontier Market Countries.

About Ashmore Emerging Mkts Frontier Eq A (EFEAX)

There are 1 members of the management team with an average tenure of 10.67 years: Andrew Brudenell (2015). Management tenure is more important for actively managed funds than passive index funds.

The fund has 2 primary benchmarks: MSCI EM NR USD index with a weighting of 100% and MSCI Frontier EM Select Conty Cap NR USD index with a weighting of 100%. Ashmore Emerging Mkts Frontier Eq A has 98 securities in its portfolio. The top 10 holdings constitute 31.0% 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 Frontier Eq A is part of the Equity global asset class and is within the International Equity fund group. Ashmore Emerging Mkts Frontier Eq A has 97.6% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0%. There is 97.6% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Ashmore Emerging Mkts Frontier Eq A has 2.4% of the portfolio in cash.

Assets Under Management

The fund has $577 million in total assets, which is below the $992 million average for the Diversified Emerging Mkts 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.

EFEAX 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 Frontier Eq A expense ratio is high compared to funds in the Diversified Emerging Mkts category. Ashmore Emerging Mkts Frontier Eq A has an expense ratio of 1.81%, which is 57% higher than its category average, making the fund expense ratio grade a F. 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 Frontier Eq A has a portfolio turnover rate of 76%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 68% for the Diversified Emerging Mkts category.

Recently, in the month of August 2026, Ashmore Emerging Mkts Frontier Eq A returned 3.1%, which earned it a grade of D, as the Diversified Emerging Mkts category had an average return of 3.9%. 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 Frontier Eq A has a trailing yield of 1.47%, which is below the 1.65% category average. The fund normally distributes its income quarterly 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 Frontier Eq A Grades

Year to date, the fund has returned 7.2%, 16.5 percentage points worse than the category, which translates into a grade of F. The fund has returned 9.0% over the past year (grade of F), 17.0% over the past three years (grade of F) and 8.8% per year over the past five years (grade of B) and 7.9% per year over the past 10 years (grade of D).

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