Ashmore Emerging Markets Small Cap Equity Fund (ESCIX)
The investment seeks long-term capital appreciation. The fund invests at least 80% of its net assets in equity securities and equity-related investments of Small-Capitalization Emerging Market Issuers, which may be denominated in any currency, including the local currency of the issuer. The subadviser currently defines a small-capitalization issuer as any issuer included in the MSCI Emerging Market Small Cap Index at the time of purchase, as well as any issuer with a market capitalization that is in the lowest 15% of the market capitalization range of issuers included in the MSCI Emerging Markets Investible Market Index (IMI) at the time of purchase.
Fund Info
| ISIN | US0448201162 |
|---|---|
| CUSIP | 044820116 |
| Issuer | Ashmore |
| Inception Date | Oct 3, 2011 |
| Category | Emerging Markets Diversified |
| Min. Investment | $1,000,000 |
| Asset Class | Multi-Asset |
Asset Class Size | Mid-Cap |
Asset Class Style | Growth |
Expense Ratio
ESCIX has a high expense ratio of 1.52%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Ashmore Emerging Markets Small Cap Equity Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Ashmore Emerging Markets Small Cap Equity Fund had a return of 9.87% year-to-date (YTD) and 21.33% in the last 12 months. Over the past 10 years, Ashmore Emerging Markets Small Cap Equity Fund had an annualized return of 5.34%, while the S&P 500 had an annualized return of 10.88%, indicating that Ashmore Emerging Markets Small Cap Equity Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 9.87% | 18.13% |
| 1 month | 3.41% | 1.45% |
| 6 months | 10.71% | 8.81% |
| 1 year | 21.33% | 26.52% |
| 5 years (annualized) | 11.81% | 13.43% |
| 10 years (annualized) | 5.34% | 10.88% |
Monthly Returns
The table below presents the monthly returns of ESCIX, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -4.20% | 4.27% | 1.69% | 1.61% | 3.00% | 1.76% | -1.57% | 2.36% | 9.87% | ||||
| 2023 | 8.79% | -4.58% | 2.93% | -2.07% | 1.85% | 5.97% | 2.94% | -6.90% | -2.62% | -5.58% | 15.02% | 4.16% | 19.23% |
| 2022 | -8.42% | -5.96% | 0.00% | -8.20% | 0.53% | -8.74% | 2.03% | -0.07% | -8.04% | 1.24% | 10.01% | 0.35% | -24.00% |
| 2021 | 1.51% | 7.51% | -0.32% | 2.14% | 0.63% | 3.59% | 1.05% | -0.45% | -4.15% | 3.28% | -5.50% | 2.67% | 11.93% |
| 2020 | -1.67% | -5.86% | -23.08% | 14.30% | 11.08% | 11.17% | 9.80% | 3.18% | 2.35% | 1.65% | 10.57% | 9.50% | 43.41% |
| 2019 | 5.09% | 4.02% | 1.23% | 1.91% | -5.28% | 4.65% | -1.98% | -4.74% | -0.05% | 4.98% | 0.26% | 4.90% | 15.20% |
| 2018 | 5.54% | 0.14% | 2.20% | -3.60% | -0.50% | -6.43% | 0.08% | -3.94% | -2.80% | -14.64% | 7.27% | -5.96% | -22.01% |
| 2017 | 5.58% | 4.57% | 3.43% | 0.83% | 0.25% | 1.33% | 4.05% | 0.55% | 0.71% | 1.85% | 0.68% | 2.00% | 28.89% |
| 2016 | -5.29% | -0.22% | 8.29% | -0.50% | -1.80% | 3.77% | 3.54% | 1.80% | 1.03% | 1.20% | -3.02% | 0.80% | 9.33% |
| 2015 | 0.29% | 3.83% | 0.37% | 11.02% | -0.16% | -4.31% | -9.96% | -12.50% | 3.27% | 7.29% | 1.40% | -1.93% | -3.78% |
| 2014 | -5.03% | 3.21% | -0.08% | -2.10% | 4.13% | 2.81% | -1.77% | 3.03% | -7.39% | -0.26% | -2.84% | -7.64% | -13.90% |
| 2013 | 2.01% | 0.82% | -0.33% | 1.06% | 1.13% | -7.59% | 1.90% | -1.70% | 6.75% | 5.02% | -1.16% | -3.64% | 3.56% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of ESCIX is 31, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Ashmore Emerging Markets Small Cap Equity Fund (ESCIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Ashmore Emerging Markets Small Cap Equity Fund granted a 0.51% dividend yield in the last twelve months. The annual payout for that period amounted to $0.10 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.10 | $0.10 | $0.17 | $0.00 | $0.00 | $0.01 | $0.01 | $0.25 | $0.17 | $0.19 | $0.03 | $0.25 |
Dividend yield | 0.51% | 0.56% | 1.16% | 0.00% | 0.00% | 0.10% | 0.11% | 1.90% | 1.64% | 1.96% | 0.25% | 2.04% |
Monthly Dividends
The table displays the monthly dividend distributions for Ashmore Emerging Markets Small Cap Equity 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.10 | $0.10 |
| 2022 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.17 |
| 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 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.01 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.18 | $0.25 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.12 | $0.17 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.13 | $0.19 |
| 2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.02 | $0.03 |
| 2013 | $0.01 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.22 | $0.25 |
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the Ashmore Emerging Markets Small Cap Equity 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 Small Cap Equity Fund was 49.12%, occurring on Mar 23, 2020. Recovery took 159 trading sessions.
The current Ashmore Emerging Markets Small Cap Equity Fund drawdown is 6.35%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -49.12% | Mar 12, 2018 | 512 | Mar 23, 2020 | 159 | Nov 5, 2020 | 671 |
| -36.22% | Sep 7, 2021 | 280 | Oct 14, 2022 | — | — | — |
| -34.95% | Oct 23, 2013 | 462 | Aug 24, 2015 | 432 | May 11, 2017 | 894 |
| -18.07% | Mar 14, 2012 | 92 | Jul 25, 2012 | 308 | Oct 16, 2013 | 400 |
| -8.96% | Jan 29, 2018 | 10 | Feb 9, 2018 | 10 | Feb 26, 2018 | 20 |
Volatility
Volatility Chart
The current Ashmore Emerging Markets Small Cap Equity Fund volatility is 4.28%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.