Ashmore Emerging Markets Short Dur A ESFAX

The fund seeks to achieve its objective by investing principally in short-term debt instruments of, and derivative instruments related to, Sovereign, Quasi-Sovereign and corporate issuers of Emerging Market Countries denominated exclusively in Hard Currencies (i.e., the U.S. dollar or any currency of a nation in the G-7). It normally seeks to maintain a weighted average portfolio duration of between 1 and 3 years. The fund has no restrictions on individual security duration. It is non-diversified.