Ashmore Emerging Markets Investment Grade Income Fund (IGIEX)

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Ashmore Emerging Markets Investment Grade Income Fund (IGIEX) is up 4.6% since the beginning of the year. IGIEX is currently trading at $9 per share. Investors who bought $1,000 worth of IGIEX shares 5 years ago would now be looking at an investment worth $1,173.

Ashmore Emerging Markets Investment Grade Income Fund (IGIEX) has returned 4.63% so far this year and 17.17% over the past 12 months.

Based on dividend-adjusted daily data since Oct 5, 2020, IGIEX's average daily return is +0.01%, while the average monthly return is +0.33%. At this rate, an investment would double in approximately 17.5 years.

Historically, 61% of months were positive and 39% were negative. The best month was Nov 2023 with a return of +6.8%, while the worst month was Sep 2022 at -5.5%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 6 months.

On a daily basis, IGIEX closed higher 41% of trading days. The best single day was Dec 14, 2023 with a return of +2.1%, while the worst single day was Apr 7, 2025 at -1.9%.

Ashmore Emerging Markets Investment Grade Income Fund has an annualized alpha of 2.52%, beta of 0.08, and R2 of 0.06 versus S&P 500 Index. Calculated based on daily prices since October 05, 2020.

• This fund participated in 47.27% of S&P 500 Index downside but only 29.09% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.08 may look defensive, but with R2 of 0.06 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.06 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

IGIEX has an expense ratio of 0.72%, placing it in the medium range.

IGIEX ranks 96 for risk / return — in the top 96% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

Ashmore Emerging Markets Investment Grade Income Fund provided a 5.94% dividend yield over the last twelve months, with an annual payout of $0.55 per share. The fund has been increasing its distributions for 5 consecutive years.

The table displays the monthly dividend distributions for Ashmore Emerging Markets Investment Grade Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the Ashmore Emerging Markets Investment Grade Income 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 Investment Grade Income Fund was 25.61%, occurring on Oct 21, 2022. Recovery took 672 trading sessions.

The chart below shows the rolling one-month volatility.