Ashmore Emerging Markets Local Currency Bond Fund

Fund Holdings

Asset Allocation

% Long % Short % Net
Cash 3.39 0.0 3.39
Stocks 0.0 0.0 0.0
Bonds 0.0 0.0 0.0
Other 1.74 0.03 1.71
Foreign Bonds 95.42 0.53 94.9
Foreign Stocks 0.0 0.0 0.0
Convertible 0.0 0.0 0.0
Preferred 0.0 0.0 0.0

Updated 12.31.2013

Top 10 Holdings

Performance as of 03.31.2014

Portfolio as of 12.31.2013

% Net Assets
Brazil Letras Do Tesou 0% 5.1
LTN - LETRAS DO TESOURO NACIONAL 5.04
Russian Federation 7.4% 4.18
Sth Africa(Rep Of) 8.25% 3.3
Sth Africa(Rep Of) 8% 2.72
Turkey(Rep Of) 3% 2.71
Sth Africa(Rep Of) 7.75% 2.71
Hungary(Rep Of) 6.75% 2.65
Poland(Rep Of) 3.52047% 2.45
Russian Fed. Bd. O 7.50% 2.33