About SHMDX
Virtus Stone Harbor Emerging Markets Debt Income Fund I Class is a mutual fund that primarily targets total return through both income and capital appreciation. The fund's strategy centers on investing in a diverse portfolio of emerging markets debt instruments, focusing at least 80% of its net assets on bonds issued by sovereign and corporate entities within developing countries. A notable feature of the fund is its allocation to sovereign hard currency debt, comprising the majority of the portfolio, with additional exposures to corporate hard currency and sovereign local currency bonds.
The fund is managed by an experienced team specializing in emerging markets with a robust, research-driven approach to country, sector, and security selection. Regional allocations are diversified, with significant positions in Latin America, Africa, Europe, the Middle East, and Asia. This diversification aims to balance risk while seeking attractive yields—demonstrated by a strong trailing yield and consistent performance rankings within its category. In the broader financial market, the fund serves institutional and high net worth investors seeking exposure to the evolving credit landscapes and growth prospects of emerging economies, offering both income potential and geographic diversification relative to traditional fixed-income assets.
Fund Family Virtus
Category Emerging Markets Bond
Performance Rating Average
Risk Rating High
Stock Exchange Nasdaq
Ticker Symbol SHMDX
Share Class Class I
Index JP Morgan EMBI Global Diversified TR
SHMDX had a total return of 4.87% in the past year, including dividends. Since the fund's
inception, the average annual return has been 3.91%.
