Virtus Stone Harbor Local Markets (SHLMX)
The investment seeks to maximize total return, which consists of income on its investments and capital appreciation. The fund normally invests at least 80% of its net assets (plus any borrowings made for investment purposes) in Emerging Markets Investments. It may invest in securities of any credit rating (including unrated securities) and may invest without limit in higher risk, below-investment grade debt securities, commonly referred to as "high yield" securities or "junk bonds." The Adviser normally maintains an average portfolio duration of between 2 and 7 years. The fund is non-diversified.
Fund Info
| ISIN | US92828Y5160 |
|---|---|
| CUSIP | 861647501 |
| Issuer | Stone Harbor |
| Inception Date | Jun 29, 2010 |
| Category | Emerging Markets Bonds |
| Min. Investment | $1,000,000 |
| Asset Class | Bond |
Expense Ratio
SHLMX has a high expense ratio of 1.01%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Virtus Stone Harbor Local Markets, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Virtus Stone Harbor Local Markets had a return of 2.86% year-to-date (YTD) and 10.36% in the last 12 months. Over the past 10 years, Virtus Stone Harbor Local Markets had an annualized return of -0.73%, while the S&P 500 had an annualized return of 10.85%, indicating that Virtus Stone Harbor Local Markets did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 2.86% | 17.79% |
| 1 month | 1.53% | 0.18% |
| 6 months | 4.73% | 7.53% |
| 1 year | 10.36% | 26.42% |
| 5 years (annualized) | -0.07% | 13.48% |
| 10 years (annualized) | -0.73% | 10.85% |
Monthly Returns
The table below presents the monthly returns of SHLMX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -1.67% | -0.61% | -0.24% | -2.57% | 1.63% | -1.36% | 2.38% | 2.93% | 2.86% | ||||
| 2023 | 4.14% | -4.87% | 4.45% | 1.03% | -1.40% | 3.63% | 2.63% | -3.05% | -3.77% | -0.26% | 5.63% | 3.97% | 12.02% |
| 2022 | 0.24% | -6.12% | -1.75% | -5.74% | 1.62% | -4.26% | 2.09% | 0.00% | -4.90% | -0.86% | 6.65% | 1.49% | -11.67% |
| 2021 | -1.52% | -2.31% | -3.15% | 2.09% | 2.73% | -0.66% | -0.67% | 0.90% | -3.45% | -0.92% | -2.56% | 1.19% | -8.23% |
| 2020 | -1.32% | -3.13% | -13.15% | 3.72% | 6.79% | 0.24% | 2.63% | 0.00% | -2.21% | 0.72% | 5.68% | 3.47% | 1.87% |
| 2019 | 6.10% | -1.29% | -1.78% | 0.24% | 0.24% | 5.42% | 0.34% | -2.85% | 1.17% | 2.90% | -1.91% | 4.25% | 13.08% |
| 2018 | 4.76% | -0.53% | 0.96% | -3.47% | -5.78% | -3.93% | 2.65% | -8.33% | 2.82% | -2.24% | 3.31% | 0.37% | -9.85% |
| 2017 | 2.65% | 2.22% | 2.77% | 1.17% | 1.51% | 0.23% | 2.39% | 1.78% | -0.55% | -3.08% | 1.36% | 2.05% | 15.34% |
| 2016 | -0.69% | 1.39% | 9.71% | 3.12% | -5.93% | 6.04% | 0.61% | -0.12% | 1.93% | -0.83% | -7.40% | 1.93% | 8.95% |
| 2015 | 0.12% | -0.47% | -2.81% | 3.62% | -2.44% | -1.67% | -3.52% | -5.16% | -3.58% | 4.81% | -1.97% | -2.81% | -15.19% |
| 2014 | -4.63% | 4.19% | 2.76% | 0.83% | 2.05% | 0.80% | -1.09% | 0.00% | -5.24% | 0.74% | -2.00% | -6.69% | -8.57% |
| 2013 | 0.62% | -0.37% | -0.72% | 2.71% | -6.41% | -4.37% | -0.60% | -5.12% | 4.87% | 2.02% | -4.46% | -0.96% | -12.65% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of SHLMX is 19, indicating that it is in the bottom 19% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Virtus Stone Harbor Local Markets (SHLMX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Virtus Stone Harbor Local Markets granted a 0.00% dividend yield in the last twelve months. The annual payout for that period amounted to $0.00 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.11 | $0.09 | $0.00 | $0.00 | $0.13 | $0.31 |
Dividend yield | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.11% | 1.37% | 1.03% | 0.00% | 0.00% | 1.48% | 3.25% |
Monthly Dividends
The table displays the monthly dividend distributions for Virtus Stone Harbor Local Markets. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.01 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.11 | $0.11 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.09 | $0.09 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2014 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.11 | $0.13 |
| 2013 | $0.06 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.01 | $0.05 | $0.31 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Virtus Stone Harbor Local Markets. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Virtus Stone Harbor Local Markets was 37.43%, occurring on Jan 20, 2016. The portfolio has not yet recovered.
The current Virtus Stone Harbor Local Markets drawdown is 19.87%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -37.43% | May 9, 2013 | 680 | Jan 20, 2016 | — | — | — |
| -11.53% | Aug 4, 2011 | 42 | Oct 3, 2011 | 101 | Feb 28, 2012 | 143 |
| -8.53% | Feb 29, 2012 | 66 | Jun 1, 2012 | 69 | Sep 11, 2012 | 135 |
| -5.11% | Oct 15, 2010 | 31 | Nov 29, 2010 | 88 | Apr 5, 2011 | 119 |
| -2.55% | May 3, 2011 | 15 | May 23, 2011 | 10 | Jun 7, 2011 | 25 |
Volatility
Volatility Chart
The current Virtus Stone Harbor Local Markets volatility is 2.24%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.