Ashmore Emerging Markets Strategy Phase 3

Investment performance (2/2) Ashmore 1yr 3yr 5yr 31st December 2021 Ashmore Benchmark Ashmore Benchmark Ashmore Benchmark External debt Broad Sovereign Sovereign IG Local currency Bonds -4.7% -1.8% 3.6% 5.9% 3.3% 4.7% -3.3% -1.8% 4.2% 5.9% 3.5% 4.7% -1.8% -1.9% 8.1% 7.6% 6.3% 5.8% -8.6% -8.8% 2.3% 2.1% 3.3% 2.8% Corporate debt Broad -3.4% 0.9% 5.4% 6.9% 5.5% 5.4% HY -5.2% 2.1% 5.0% 7.3% 6.0% 5.8% IG 0.4% 0.1% 8.6% 6.6% 6.4% 5.1% Blended debt Blended -9.3% -3.9% 1.5% 3.8% 2.7% 3.7% Blended IG -3.5% -3.3% 5.7% 5.3% 5.1% 5.0% Equities All Cap 6.4% -2.5% 22.8% 10.9% Active -3.8% -2.5% 12.3% 10.9% 11.2% 9.9% Small Cap 13.8% 18.8% 24.7% 16.5% 14.4% 11.5% Frontier markets 26.3% 16.8% 12.5% 10.7% 9.1% 8.4% See Appendix for related disclosures 11

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