Ashmore Emerging Markets Local Currency Bond Fund (ELBIX)
The fund seeks to achieve its objective by investing principally in debt instruments of Sovereign and Quasi-Sovereign issuers of Emerging Market Countries that are denominated in the local currency of the issuer. Sovereigns are governments of Emerging Market Countries. Quasi-Sovereigns are governmental entities, agencies and other issuers the obligations of which are guaranteed by an emerging market government and issuers otherwise represented in the J.P. Morgan Government Bond Index-Emerging Markets Global Diversified or a similar index as determined by the Investment Manager. The fund is non-diversified.
Fund Info
US0448202079
044820207
Dec 7, 2010
$1,000,000
Expense Ratio
ELBIX has a high expense ratio of 0.97%, indicating above-average management fees.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Ashmore Emerging Markets Local Currency Bond Fund (ELBIX) returned 8.97% year-to-date (YTD) and 8.10% over the past 12 months. Over the past 10 years, ELBIX returned 1.65% annually, underperforming the S&P 500 benchmark at 10.85%.
ELBIX
8.97%
1.49%
6.81%
8.10%
5.61%
1.76%
1.65%
^GSPC (Benchmark)
0.51%
6.15%
-2.00%
12.92%
12.68%
14.19%
10.85%
Monthly Returns
The table below presents the monthly returns of ELBIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 2.27% | 0.31% | 1.56% | 3.06% | 1.49% | 8.97% | |||||||
| 2024 | -1.86% | -0.58% | -0.29% | -2.77% | 2.16% | -1.66% | 2.52% | 3.17% | 3.37% | -5.15% | -0.91% | -1.98% | -4.30% |
| 2023 | 4.22% | -3.75% | 4.83% | 1.04% | -1.18% | 3.72% | 2.73% | -2.93% | -4.03% | -0.63% | 5.90% | 3.97% | 14.02% |
| 2022 | -0.02% | -2.95% | -2.61% | -5.51% | 1.73% | -4.64% | -0.16% | -0.16% | -4.40% | 0.51% | 6.61% | 1.75% | -10.00% |
| 2021 | -2.89% | -2.72% | -3.46% | 2.62% | 2.68% | -0.78% | -1.05% | 1.07% | -3.43% | -1.23% | -2.49% | 1.98% | -9.55% |
| 2020 | -1.35% | -3.27% | -13.65% | 3.91% | 6.33% | 0.57% | 2.96% | -0.41% | -2.34% | 0.70% | 6.28% | 4.60% | 2.64% |
| 2019 | 5.81% | -1.21% | -1.64% | -0.00% | 0.00% | 5.68% | 0.15% | -3.67% | 1.50% | 2.82% | -2.09% | 4.67% | 12.11% |
| 2018 | 5.28% | -0.86% | 1.26% | -3.71% | -6.03% | -3.32% | 2.28% | -6.00% | 2.52% | -1.74% | 2.80% | 1.00% | -7.02% |
| 2017 | 2.73% | 2.09% | 2.87% | 0.67% | 1.32% | 0.80% | 3.05% | 1.80% | -0.47% | -2.98% | 1.60% | 1.84% | 16.26% |
| 2016 | 0.90% | 0.49% | 9.82% | 3.45% | -5.90% | 6.55% | 0.71% | -0.18% | 2.23% | -0.60% | -6.70% | 2.20% | 12.50% |
| 2015 | 1.38% | -1.31% | -3.49% | 2.86% | -2.87% | -1.40% | -3.38% | -4.41% | -3.89% | 3.91% | -2.32% | -2.22% | -16.21% |
| 2014 | -4.92% | 3.24% | 2.95% | 0.93% | 3.03% | 1.30% | -1.47% | 0.76% | -5.35% | 1.35% | -1.53% | -6.12% | -6.25% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of ELBIX is 59, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Ashmore Emerging Markets Local Currency Bond Fund (ELBIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
Ashmore Emerging Markets Local Currency Bond Fund provided a 4.47% dividend yield over the last twelve months, with an annual payout of $0.31 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.31 | $0.26 | $0.30 | $0.09 | $0.00 | $0.10 | $0.05 | $0.18 | $0.33 | $0.28 | $0.30 | $0.41 |
Dividend yield | 4.47% | 4.10% | 4.23% | 1.39% | 0.00% | 1.19% | 0.65% | 2.54% | 4.27% | 4.06% | 4.64% | 5.10% |
Monthly Dividends
The table displays the monthly dividend distributions for Ashmore Emerging Markets Local Currency Bond Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.15 | $0.00 | $0.00 | $0.00 | $0.00 | $0.15 | |||||||
| 2024 | $0.00 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.26 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.19 | $0.00 | $0.11 | $0.30 |
| 2022 | $0.09 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.09 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2020 | $0.10 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.10 |
| 2019 | $0.03 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.05 |
| 2018 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.18 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.00 | $0.33 |
| 2016 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.00 | $0.28 |
| 2015 | $0.03 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.30 |
| 2014 | $0.04 | $0.04 | $0.05 | $0.03 | $0.04 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.41 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Ashmore Emerging Markets Local Currency Bond Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Ashmore Emerging Markets Local Currency Bond Fund was 35.40%, occurring on Jan 20, 2016. The portfolio has not yet recovered.
The current Ashmore Emerging Markets Local Currency Bond Fund drawdown is 9.24%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -35.4% | May 9, 2013 | 680 | Jan 20, 2016 | — | — | — |
| -9.67% | Mar 2, 2012 | 64 | Jun 1, 2012 | 67 | Sep 7, 2012 | 131 |
| -6.66% | Nov 2, 2011 | 17 | Nov 25, 2011 | 38 | Jan 23, 2012 | 55 |
| -2.44% | Feb 4, 2013 | 33 | Mar 21, 2013 | 11 | Apr 8, 2013 | 44 |
| -1.91% | Oct 18, 2012 | 18 | Nov 14, 2012 | 9 | Nov 28, 2012 | 27 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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