Virtus Stone Harbor Local Markets I (SHLMX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD
9.13
+0.02 (0.22%)
Sep 12, 2025, 4:00 PM EDT
0.22%
Fund Assets21.78M
Expense Ratio1.00%
Min. Investment$1,000,000
Turnover78.00%
Dividend (ttm)n/a
Dividend Yieldn/a
Dividend Growthn/a
Payout Frequencyn/a
Ex-Dividend Daten/a
Previous Close9.11
YTD Return15.57%
1-Year Return7.92%
5-Year Return6.41%
52-Week Low7.84
52-Week High9.13
Beta (5Y)0.37
Holdings170
Inception DateJun 30, 2010

About SHLMX

Virtus Stone Harbor Local Markets Fund I is an institutional-class mutual fund focused on maximizing total return through a combination of income generation and capital appreciation. The fund primarily invests at least 80% of its net assets in fixed income securities and derivative instruments that are economically tied to emerging market countries. By targeting local-currency bonds and related assets, it seeks to capitalize on growth opportunities within developing economies while providing exposure to both credit and currency dynamics in these markets. The fund employs a rigorous investment process, combining fundamental credit research with macroeconomic analysis, and is managed by Stone Harbor Investment Partners—an experienced team specializing in emerging markets debt for over three decades. Its diversified portfolio encompasses a range of government, corporate, and derivative positions across multiple regions, reflecting a strategy that balances risk and return in often volatile but potentially rewarding environments. Established in 2010, Virtus Stone Harbor Local Markets Fund I plays a significant role for investors seeking diversification and direct participation in emerging market local-currency debt markets.

Fund Family Virtus
Category Emerging-Markets Local-Currency Bond
Stock Exchange NASDAQ
Ticker Symbol SHLMX
Share Class Class I

Performance

SHLMX had a total return of 7.92% in the past year, including dividends. Since the fund's inception, the average annual return has been -0.17%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

SymbolShare ClassExpense Ratio
VSHEXClass A1.25%

Top 10 Holdings

106.33% of assets
NameSymbolWeight
Indonesia (Republic of) 6.375%INDOGB.6.375 04.15.32 FR9143.08%
Indonesia (Republic of) 6.5%INDOGB.6.5 02.15.31 FR8711.79%
Indonesia (Republic of) 7.5%INDOGB.7.5 05.15.38 FR7510.70%
Indonesia (Republic of) 7%INDOGB.7 09.15.30 FR828.21%
Idr/Usd Fwd 20250820 2467n/a7.53%
Indonesia (Republic of) 6.75%INDOGB.6.75 07.15.35 1037.16%
Indonesia (Republic of) 8.375%INDOGB.8.375 03.15.34 FR686.00%
Colombia (Republic Of) 9.25%COLTES.9.25 05.28.42 B5.54%
Colombia (Republic Of) 7.5%COLTES.7.5 08.26.26 B3.43%
Cop/Usd Fwd 20250811 274n/a2.89%
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