ELBIX Fees and Costs — Ashmore Emerging Markets Local Currency Bond Fund, Institutional Class
Data updated: 2026-08-25
The net expense ratio is 0.80%: a 0.75% management fee plus 1.92% other expenses, less a 1.87% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 55%.
ELBIX Fees and Expenses
Annual operating expenses and sales charges of ELBIX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.92% |
| Gross expense ratio | 2.67% |
| Fee waiver | −1.87% |
| Net expense ratio | 0.80% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| 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 |
ELBIX Costs Over Time
On $10,000 invested in ELBIX, assuming 5% a year before costs, total costs come to $502 over 5 years, cutting the return by 0.84% 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 |
| Fund expenses (net expense ratio 0.80%) | $84 | $263 | $456 |
| Lost growth on money paid in costs | $0 | $13 | $46 |
| Total costs | $84 | $276 | $502 |
| Value after costs | $10,416 | $11,301 | $12,260 |
| Impact on return, per year | 0.84% | 0.84% | 0.84% |
ELBIX 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): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 55%
- Securities lending: none during the year
ELBIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. INTERNATIONAL PLC | $2.7M | 17.67% |
| CITIGROUP GLOBAL MARKETS LIMITED | $2.5M | 16.28% |
| BANCO CITIBANK S A | $1.9M | 12.24% |
| MERRILL LYNCH INTERNATIONAL LTD | $1.7M | 11.43% |
| HSBC BANK PLC | $1.4M | 8.96% |
| NATWEST MARKETS PLC | $1.2M | 8.23% |
| BNP PARIBAS | $998K | 6.60% |
| BARCLAYS BANK PLC | $979K | 6.47% |
| BANCO J. P. MORGAN S.A. | $971K | 6.42% |
| JPMorgan Chase Bank NA | $861K | 5.69% |
Ashmore Emerging Markets Local Currency Bond Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| ELBIX | Institutional Class | 0.80% | none |
| ELBAX | Class A | 1.05% | 4.00% |
| ELBCX | Class C | 1.79% | 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.