Ashmore Emerging Markets Total Return Fund

Fund Holdings

Asset Allocation

% Long % Short % Net
Cash 14.58 0.0 14.58
Stocks 0.02 0.0 0.02
Bonds 1.49 0.0 1.49
Other 9.95 0.01 9.95
Foreign Bonds 73.95 0.0 73.95
Foreign Stocks 0.01 0.0 0.01
Convertible 0.0 0.0 0.0
Preferred 0.0 0.0 0.0

Updated 12.31.2013

Top 10 Holdings

Performance as of 02.28.2014

Portfolio as of 12.31.2013

% Net Assets
Poland(Rep Of) 5.75% 1.53
Brazil Letras Do Tesou 0% 1.31
LTN - LETRAS DO TESOURO NACIONAL 1.29
Vip Fin Ireland 7.748% 1.12
Metinvest Bv 10.25% 1.06
Digicel Grp 8.25% 0.89
Mts Intl 8.625% 0.84
Russian Federation 7.5% 0.79
Russian Federation 7.4% 0.78
Russian Federation 7.4% 0.75