Virtus Stone Harbor Emerging Markets Income Fund
Virtus Stone Harbor Emerging Markets Income Fund
Investment Overview
The Fund's investment objective is to maximize total return, which consists of income and capital appreciation from investments in emerging markets securities. The Fund normally will invest at least 80% of its net assets (plus borrowings for investment purposes) in emerging markets securities.
Flexibility - Managed portfolio of emerging markets fixed income securities structured to maximize total return potential and high current income with flexible asset allocation to local currency sovereign debt, hard currency sovereign debt, and emerging markets corporate debt.
Portfolio Diversification - Attractive total return and income potential with the possibility to diversify versus U.S. Dollar denominated assets.
Depth of Experience in EMD - Stone Harbor's demonstrated ability in managing emerging markets debt is rooted in teamwork with a 30-year history, a disciplined research and investment process, and the experience to make what are believed to be sound investment judgments.
Effective April 11, 2022, this Fund's name changed from Stone Harbor Emerging Markets Income Fund and its investment adviser has changed.
Contact Us
Contact your financial representative for more information.
Email or call for service at
1-866-270-7788
Investment Partner
Stone Harbor Investment Partners
Stone Harbor is a global credit specialist with expertise in emerging and developed markets debt, with three decades of informed experience allocating risk in complex areas of the fixed income markets. We manage credit portfolios for clients globally.
Stone Harbor Investment Partners is a division of Virtus Fixed Income Advisers, LLC ("VFIA"), an SEC registered investment adviser.
Learn more about Stone Harbor Investment Partners
Investment Professionals
Peter J. Wilby, CFA
Co-Chief Investment Officer of SHIP Strategies
Industry start date: 1980
Start date as fund Portfolio Manager: 2010
James E. Craige, CFA
Co-Chief Investment Officer, Head of Emerging Markets
Industry start date: 1988
Start date as fund Portfolio Manager: 2010
Kumaran Damodaran, PhD
Portfolio Manager, Emerging Markets Debt, Global Sovereign, and Asset Allocation
Industry start date: 2000
Start date as fund Portfolio Manager: 2010
Stuart Sclater-Booth
Portfolio Manager, Emerging Markets Debt, Global Sovereign, and Asset Allocation
Industry start date: 1992
Start date as fund Portfolio Manager: 2010
David A. Oliver, CFA
Portfolio Manager, Emerging Markets Debt, Global Sovereign
Industry start date: 1986
Start date as fund Portfolio Manager: 2010
Performance
Performance data quoted represents past results. Past performance is no guarantee of future results and current performance may be higher or lower than the performance shown. Investment return and principal value will fluctuate so your shares, when redeemed, may be worth more or less than their original cost.
Performance reflects the deduction of fund operating expenses. Performance does not reflect the incurrence of brokerage expenses, which typically apply to exchange traded products. Total return net of brokerage expenses would be lower than the total returns on
Expenses
Geographic Breakdown (% Fund)
Latin America | |
Africa | |
Asia | |
Middle East | |
Europe |
Allocations are subject to change daily.
Credit Quality (% Fund)
AAA | |
AA | |
A | |
BBB | |
BB | |
B | |
CCC & Below | |
Not Rated |
The ratings issued by Nationally Recognized Statistical Rating Organizations assess the credit worthiness of a corporation's or government's debt issues. The ratings apply to the fund's holdings and not the fund. Ratings are provided by Standard & Poor's, Moody's, and Fitch. In determining the average credit quality of a security, Stone Harbor uses the following hierarchy: S&P; if S&P is unavailable, Moody's; if Moody's is unavailable, Fitch. If no rating is available, Stone Harbor applies its internal rating methodology to assign a rating. A security that has not been assigned a credit rating through Stone Harbor's methodology is listed as 'not rated'. Ratings have been converted to the equivalent S&P rating category. Cash and currency forwards generally are assigned the AAA rating. Credit ratings are subject to change. AAA, AA, A, and BBB are investment grade ratings; BB, B, CCC, CC, C, and D are below-investment grade ratings.
Sector Allocation (% Fund)
Sovereign Hard Currency | |
Corporate Hard Currency | |
Sovereign Local Currency | |
Corporate Local Currency |
Allocations are subject to change daily.
Assets (in millions)
(as of 05/31/2023)Total Net Assets | $68.68 |
Total Reverse Repurchase Agreements | $24.77 |
Total Managed Assets | $93.44 |
Effective Leverage
(as of 05/31/2023)Reverse Repurchase Agreements | 26.51% |
Assets (in Millions):
Total Net Assets: includes net assets applicable to Common Shareholders
Total Managed Assets: Total Net Assets + Total Reverse Repurchase Agreements
Effective Leverage:
Reverse Repurchase Agreements: % is Total Reverse Repurchase Agreements divided by Total Managed Assets
Distributions are not guaranteed and are subject to change.
Distributions may be comprised of net investment income, capital gains and/or return of capital. Please refer to Section 19a notices below, if applicable for estimates on the composition of the distribution.
Year-to-Date Distribution History
Month | Ex-Date | Payable Date | Distribution |
---|---|---|---|
May | 05/10/2023 | 05/23/2023 | $0.060000 |
April | 04/12/2023 | 04/25/2023 | $0.060000 |
March | 03/10/2023 | 03/23/2023 | $0.060000 |
February | 02/10/2023 | 02/24/2023 | $0.060000 |
January | 01/06/2023 | 01/20/2023 | $0.060000 |
You should not draw any conclusions about the Fund’s investment performance from its distributions. Please view the Fund’s Section 19a notices below, if applicable, which set forth information regarding the estimated composition of the distributions, including any portion that may constitute a return of capital.
The distribution table above is for informational purposes only and should not be used for tax reporting purposes. A Form 1099 DIV (or substitute Form 1099 DIV) will be sent to shareholders at the beginning of each year that will state the federal tax status of distributions received during the previous calendar year. Please consult a tax professional regarding specific tax matters.
Form 8937 Organizational Actions
Automatic Reinvestment Plan
This plan offers shareholders a convenient way to acquire additional shares of the fund. Registered holders will be automatically placed in the Plan. If shares are held at a brokerage firm, contact your broker about participation.
Net Asset Value vs. Market Price
Net Asset Value (NAV) represents the total value of all assets held by the Fund (minus its total liabilities), divided by the total number of common shares outstanding. The net asset value returns reflect the performance of the manager. Market price is the price at which investors may purchase or sell shares of the Fund. Market price is determined in the open market by buyers and sellers, based on supply and demand. The Fund’s Market Price fluctuates throughout the day and may differ from its underlying NAV. Shares of the Fund may trade at a premium (higher than) or a discount (lower than) to NAV. This characteristic is a risk separate and distinct from the risk that the Fund’s net asset value could decline. The Fund has no control over the market price. The difference between the market price and the NAV (Premium/Discount) is expressed as a percentage of NAV.
Disclosures
There can be no assurance that the
This information does not represent an offer, or the solicitation of an offer, to buy or sell securities of the Fund.
Contact your financial representative for more information, or email or call for service at 1-866-270-7788.
Risk Considerations
Distributions
Holdings
Automatic Reinvestment
Section 19a Notices
May 2023 | |
April 2023 | |
March 2023 | |
February 2023 | |
January 2023 | |
December 2022 | |
November 2022 | |
October 2022 | |
September 2022 | |
August 2022 | |
July 2022 | |
October 2021 | |
September 2021 | |
August 2021 |
News Releases/Communications
May 23, 2023 - Virtus Stone Harbor Emerging Markets Income Fund Announces Results of Annual Meeting of Shareholders | |
May 1, 2023 - EDF Annual Meeting Proxy Reminder Letter | |
April 11, 2023 - Annual Meeting of Shareholders | |
March 23, 2023 - Certain Virtus Closed-End Funds Announce Date of Shareholder Meetings | |
March 2, 2023 - Virtus Stone Harbor Closed-End Funds Announce Expected Reorganization | |
October 11, 2022 - Certain Virtus Closed-End Funds Announce Shareholder Meeting Results | |
August 29, 2022 - Joint Annual Meeting of Shareholders Proxy Statement | |
July 5, 2022 - Virtus Closed-End Funds Update | |
April 8, 2022 - Stone Harbor Emerging Markets Income Fund to Remove Managed Distribution Plan, Declares Monthly Distribution of $0.06 Per Share | |
Press Release 20220322 - Stone Harbor Closed-End Funds Announce Results Of Shareholder Meeting, Name Changes | |
Press Release 20220103 - Stone Harbor Emerging Markets Income Fund Announcement | |
Press Release 20211229 - Stone Harbor Emerging Markets Income Fund |