Virtus Stone Harbor Local Markets I (SHLMX)

Fund Assets	12.05M
Expense Ratio	1.00%
Min. Investment	$1,000,000
Turnover	150.00%
Dividend (ttm)	0.87
Dividend Yield	9.95%
Dividend Growth	n/a
Payout Frequency	n/a
Ex-Dividend Date	Dec 16, 2025

Previous Close	8.71
YTD Return	2.11%
1-Year Return	5.08%
5-Year Return	8.88%
52-Week Low	8.28
52-Week High	9.35
Beta (5Y)	0.38
Holdings	106
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.

• Fund Family: Virtus
• Category: Emerging-Markets Local-Currency Bond
• Performance Rating: Low
• Risk Rating: Above Average
• Stock Exchange: NASDAQ
• Ticker Symbol: SHLMX
• Share Class: Class I

Performance

SHLMX had a total return of 5.08% in the past year, including dividends. Since the fund's inception, the average annual return has been 0.18%.

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%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 16, 2025	$0.86839	Dec 16, 2025
Dec 20, 2019	$0.010	Dec 20, 2019
Dec 21, 2018	$0.110	Dec 21, 2018
Dec 18, 2018	$0.050	Dec 18, 2018
Dec 22, 2017	$0.094	Dec 22, 2017
Dec 19, 2014	$0.110	Dec 19, 2014

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Sep 23, 2026

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