Fund Evaluator:
Ashmore Emerging Mkts Eq SMA Cmpltn I (EMSMX)
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Best Performing in Diversified Emerging Mkts Over the Last Year
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| 64.1% | WCM Focused Emerging Mkts Ex Chn Inv (WCFEX) |
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| 48.9% | LSV Emerging Markets Equity Inv (LVAZX) |
| 47.7% | Lazard Emerging Markets Equity Instl (LZEMX) |
Fund Details
Ashmore Emerging Mkts Eq SMA Cmpltn I Overview
Ashmore Emerging Mkts Eq SMA Cmpltn I (EMSMX) is an actively managed International Equity Diversified Emerging Mkts fund. Ashmore launched the fund in 2026.
The investment seeks long-term capital appreciation. The fund seeks to achieve its objective by investing at least 80% of its net assets in equity securities and equity-related investments of Emerging Market Issuers, which may be denominated in any currency, including the local currency of the issuer.
About Ashmore Emerging Mkts Eq SMA Cmpltn I (EMSMX)
There are 1 members of the management team with an average tenure of 0.53 years: Dhiren Shah (2026). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: MSCI EM NR USD index with a weighting of 100%. Ashmore Emerging Mkts Eq SMA Cmpltn I has 56 securities in its portfolio. The top 10 holdings constitute 61.3% 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 Eq SMA Cmpltn I is part of the Equity global asset class and is within the International Equity fund group. Ashmore Emerging Mkts Eq SMA Cmpltn I has 96.3% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0%. There is 96.3% 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 Eq SMA Cmpltn I has 3.7% of the portfolio in cash.
Assets Under Management
The fund has $4 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.
EMSMX 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 Eq SMA Cmpltn I expense ratio is low compared to funds in the Diversified Emerging Mkts category. Ashmore Emerging Mkts Eq SMA Cmpltn I has an expense ratio of 0.00%, which is 100% lower than its category average, making the fund expense ratio grade a A. 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. A portfolio turnover rate cannot be currently calculated for Ashmore Emerging Mkts Eq SMA Cmpltn I. 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 Eq SMA Cmpltn I returned 6.4%, which earned it a grade of A, 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 Eq SMA Cmpltn I has a trailing yield of 0.00%, 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.
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EMSMX Trailing NAV Total Returns Data as of 8/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| EMSMX Return (NAV) | 6.4% | -6.7% | na | na | na | na |
| EMSMX Grade | A | F | na | na | na | na |
| +/- Category | 2.5% | -5.5% | na | na | na | na |
| Diversified Emerging Mkts Avg | 3.9% | -1.2% | 37.5% | 21.7% | 6.8% | 8.9% |
| EMSMX Tax Cost Ratio | na | na | na | na | na | na |
EMSMX Annual NAV Total ReturnsData as of 8/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| EMSMX Return (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| EMSMX Grade | na | na | na | na | na | na | na | na | na | na | na |
| +/- Category | na | na | na | na | na | na | na | na | na | na | na |
| Diversified Emerging Mkts Avg | 23.7% | 31.4% | 6.2% | 12.1% | -22.6% | -0.2% | 21.6% | 21.9% | -16.4% | 36.7% | 8.6% |
| Risk Measures | |
| Standard Deviation: | na |
| Total Risk Index: | na |
| Category Risk Index: | na |
| Category Risk Grade: | |
| Beta: | na |
| R-Squared: | na |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Growth |
| Bond Investment Style: | na |
| Yield: | -- |
| Dividend Distribution: | Quarterly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $4 Mil |
| Fund Total Assets: | $ 5 Mil |
| Share Class Type: | Other |
| Portfolio Turnover: | na |
Management Team
| Number of Managers: 1 | |||
| Longest Tenure: 0.5 years | |||
| Average Tenure: 0.5 years | |||
| Managers (Year): Shah Dhiren (2026) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 56 |
| % in Top 10 Holdings: | 61.3% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 96.3% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 96.3% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 3.7% |
Purchase Information
| Fund Family: | Ashmore |
| Phone Number: | 866-876-8294 |
| Website: | www.ashmoregroup.com |
| Status: | Open |
| Inception Date: | February 17, 2026 |
| Min. Initial Purchase: | $ 0 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.00% ( Rating : Low ) |
| Category Average Expense Ratio (%): | 1.15% |
| Share Class: | Ashmore Emerging Mkts Eq SMA Cmpltn I |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
