0001498498 2011-03-01 2012-02-29 0001498498 af:S000033753Member 2011-03-01 2012-02-29 Ashmore Funds Other 0001498498 2012-09-20 false 2011-10-31 2012-02-29 2012-09-20 ASHMORE FUNDS Supplement dated September 20, 2012 to the Statutory Prospectus for Institutional Class Shares of Ashmore Funds Dated February 29, 2012 (as supplemented thereafter) and to the Statutory Prospectus for Class A and Class C Shares of Ashmore Funds Dated February 29, 2012 (as supplemented thereafter) Disclosure Related to Ashmore Emerging Markets Small-Cap Equity Fund (the Fund) Within the Prospectuses, the second sentence of the sections entitled Summary Information About the FundsAshmore Emerging Markets Small-Cap Equity FundPrincipal Investment Strategies and Principal Investments and Strategies of Each FundAshmore Emerging Markets Small-Cap Equity FundPrincipal Investment Strategies is hereby restated in its entirety as follows: Principal Investment Strategies The Fund currently defines Small-Capitalization Issuer as an issuer with a market capitalization of $2.0 billion or less at the time of initial investment and $3.0 billion or less at the time of a subsequent investment in the same issuer.  ASHMORE FUNDS Supplement dated September 20, 2012 to the Statutory Prospectus for Institutional Class Shares of Ashmore Funds Dated February 29, 2012 (as supplemented thereafter) and to the Statutory Prospectus for Class A and Class C Shares of Ashmore Funds Dated February 29, 2012 (as supplemented thereafter) Disclosure Related to Ashmore Emerging Markets Small-Cap Equity Fund (the Fund) Within the Prospectuses, the second sentence of the sections entitled Summary Information About the FundsAshmore Emerging Markets Small-Cap Equity FundPrincipal Investment Strategies and Principal Investments and Strategies of Each FundAshmore Emerging Markets Small-Cap Equity FundPrincipal Investment Strategies is hereby restated in its entirety as follows: Principal Investment Strategies The Fund currently defines Small-Capitalization Issuer as an issuer with a market capitalization of $2.0 billion or less at the time of initial investment and $3.0 billion or less at the time of a subsequent investment in the same issuer.