ESSAX Fees and Costs — Ashmore Emerging Markets Small-Cap Equity Fund, Class A
Data updated: 2026-09-28
The net expense ratio is 1.55%: a 1.25% management fee, a 0.25% 12b-1 fee plus 1.69% other expenses, less a 1.64% 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 $6K in broker commissions, 0.0959% of average net assets, and portfolio turnover was 64%.
ESSAX Fees and Expenses
Annual operating expenses and sales charges of ESSAX. Prospectus, as of February 28, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 1.25% |
| 12b-1 fee | 0.25% |
| Other expenses | 1.69% |
| Gross expense ratio | 3.19% |
| Fee waiver | −1.64% |
| Net expense ratio | 1.55% |
| 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 |
ESSAX Costs Over Time
On $10,000 invested in ESSAX, assuming 5% a year before costs, total costs come to $1,633 over 5 years, cutting the return by 2.84% 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 |
| Sales charges | $623 | $525 | $525 |
| Fund expenses (net expense ratio 1.55%) | $154 | $478 | $823 |
| Trading costs (broker commissions) | $10 | $30 | $51 |
| Lost growth on money paid in costs | $26 | $108 | $234 |
| Total costs | $813 | $1,140 | $1,633 |
| Value after costs | $9,687 | $10,436 | $11,130 |
| Impact on return, per year | 8.13% | 3.57% | 2.84% |
ESSAX 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): 0.0959%
- Total broker commissions: $6K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 64%
- Securities lending: none during the year
ESSAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CLSA (UK) | $2K | 28.68% |
| MORGAN STANLEY & CO. LLC | $1K | 23.85% |
| UBS AG LONDON BRANCH | $889 | 15.90% |
| J.P. MORGAN SECURITIES LLC | $614 | 10.98% |
| HSBC SECURITIES (USA) INC. | $307 | 5.49% |
| EDELWEISS SECURITIES LIMITED | $215 | 3.84% |
| Viet Capital Securities Joint Stock Comp | $178 | 3.18% |
| YUANTA SECURITIES CO., LTD. | $178 | 3.17% |
| MERRILL LYNCH INTERNATIONAL LTD | $148 | 2.65% |
| SANTANDER US CAPITAL MARKETS LLC | $126 | 2.25% |
Ashmore Emerging Markets Small-Cap 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 |
|---|---|---|---|
| EMSMX | C000272133 | 0.00% | — |
| ESCIX | Institutional Class | 1.30% | none |
| ESSAX | Class A | 1.55% | 5.25% |
| ESSCX | Class C | 2.30% | 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.