Ashmore Emerging Markets Equity Fund

Fund Holdings

Asset Allocation

% Long % Net
Cash 0.52 0.52
Stocks 3.69 3.69
Bonds 0.0 0.0
Other 6.55 6.55
Foreign Bonds 1.29 1.29
Foreign Stocks 87.95 87.95
Convertible 0.0 0.0
Preferred 0.0 0.0

Updated 12.31.2013

Top 10 Holdings

Performance as of 02.28.2014

Portfolio as of 12.31.2013

Ticker YTD Return % % Net Assets
Sberbank Of Russia ADR SBRCY -28.4 4.83
Hyundai Motor Co Ltd HYMLF --- 4.8
Samsung Electronics Co Ltd SSNLF -7.27 4.48
Vale SA ADR VALE -8.72 3.06
Ping An Insurance Group H Shares PIAIF -9.67 2.83
China Merchants Bank Co., Ltd. H Shares 03968 --- 2.43
OAO Lukoil ADR LUKOY -18.88 2.27
Aeroflot Russian Airlines JSC AFLT --- 2.27
Baidu, Inc. ADR BIDU -4.57 2.08
CITIC Securities Co., Ltd. H Shares 06030 --- 2.05