Virtus Stone Harbor Local Markets I (SHLMX)
| Fund Assets | 21.78M |
| Expense Ratio | 1.00% |
| Min. Investment | $1,000,000 |
| Turnover | 78.00% |
| Dividend (ttm) | n/a |
| Dividend Yield | n/a |
| Dividend Growth | n/a |
| Payout Frequency | n/a |
| Ex-Dividend Date | n/a |
| Previous Close | 9.11 |
| YTD Return | 15.57% |
| 1-Year Return | 7.92% |
| 5-Year Return | 6.41% |
| 52-Week Low | 7.84 |
| 52-Week High | 9.13 |
| Beta (5Y) | 0.37 |
| Holdings | 170 |
| Inception Date | Jun 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.
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.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| VSHEX | Class A | 1.25% |
Top 10 Holdings
106.33% of assets| Name | Symbol | Weight |
|---|---|---|
| Indonesia (Republic of) 6.375% | INDOGB.6.375 04.15.32 FR91 | 43.08% |
| Indonesia (Republic of) 6.5% | INDOGB.6.5 02.15.31 FR87 | 11.79% |
| Indonesia (Republic of) 7.5% | INDOGB.7.5 05.15.38 FR75 | 10.70% |
| Indonesia (Republic of) 7% | INDOGB.7 09.15.30 FR82 | 8.21% |
| Idr/Usd Fwd 20250820 2467 | n/a | 7.53% |
| Indonesia (Republic of) 6.75% | INDOGB.6.75 07.15.35 103 | 7.16% |
| Indonesia (Republic of) 8.375% | INDOGB.8.375 03.15.34 FR68 | 6.00% |
| Colombia (Republic Of) 9.25% | COLTES.9.25 05.28.42 B | 5.54% |
| Colombia (Republic Of) 7.5% | COLTES.7.5 08.26.26 B | 3.43% |
| Cop/Usd Fwd 20250811 274 | n/a | 2.89% |