EFEAX Fees and Costs — Ashmore Emerging Markets Frontier Equity Fund, Class A
Data updated: 2026-09-28
The net expense ratio is 1.81%: a 1.50% management fee, a 0.25% 12b-1 fee plus 0.56% other expenses, less a 0.50% fee waiver. This share class carries a maximum front-end sales load of 5.25% and a deferred sales charge of up to 1.00%. In fiscal 2025 the fund paid $144K in broker commissions, 0.1512% of average net assets, and portfolio turnover was 76%.
EFEAX Fees and Expenses
Annual operating expenses and sales charges of EFEAX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 1.50% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.56% |
| Gross expense ratio | 2.31% |
| Fee waiver | −0.50% |
| Net expense ratio | 1.81% |
| Sales charges | |
|---|---|
| Max front load | 5.25% |
| Max deferred load | 1.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
EFEAX Costs Over Time
On $10,000 invested in EFEAX, assuming 5% a year before costs, total costs come to $1,810 over 5 years, cutting the return by 3.16% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Sales charges | $623 | $525 | $525 |
| Fund expenses (net expense ratio 1.81%) | $180 | $556 | $955 |
| Trading costs (broker commissions) | $15 | $46 | $80 |
| Lost growth on money paid in costs | $26 | $113 | $251 |
| Total costs | $844 | $1,241 | $1,810 |
| Value after costs | $9,656 | $10,336 | $10,953 |
| Impact on return, per year | 8.44% | 3.89% | 3.16% |
EFEAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.1512%
- Total broker commissions: $144K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 76%
- Securities lending: none during the year
EFEAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Viet Capital Securities Joint Stock Comp | $31K | 24.58% |
| HSBC SECURITIES (USA) INC. | $22K | 17.41% |
| SSI SECURITIES CORPORATION | $14K | 11.19% |
| MORGAN STANLEY & CO. LLC | $11K | 9.07% |
| FINANCIAL BROKERAGE GROUP (FBG) | $10K | 8.40% |
| HO CHI MINH CITY SECURITIES CORPORATION | $10K | 7.90% |
| MERRILL LYNCH INTERNATIONAL LTD | $9K | 7.23% |
| ARQAAM CAPITAL LIMITED | $8K | 6.22% |
| AVIOR CAPITAL MARKETS INTERNATIONAL LIMITED | $6K | 4.46% |
| CLSA (UK) | $4K | 3.54% |
Ashmore Emerging Markets Frontier Equity Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| EFEIX | Institutional Class | 1.55% | none |
| EFEAX | Class A | 1.81% | 5.25% |
| EFECX | Class C | 2.55% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.