Virtus Stone Harbor Emerging Mkts Debt (SHMDX)
The investment seeks to maximize total return, which consists of income and capital appreciation. The fund normally will invest at least 80% of its net assets (plus any borrowings made for investment purposes) in Emerging Markets Fixed Income Securities. 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.
Fund Info
| ISIN | US92828Y5574 |
|---|---|
| CUSIP | 861647105 |
| Issuer | Stone Harbor |
| Inception Date | Aug 15, 2007 |
| Category | Emerging Markets Bonds |
| Min. Investment | $1,000,000 |
| Asset Class | Bond |
Expense Ratio
SHMDX features an expense ratio of 0.73%, falling within the medium range.
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 Emerging Mkts Debt, 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 Emerging Mkts Debt had a return of 9.59% year-to-date (YTD) and 19.01% in the last 12 months. Over the past 10 years, Virtus Stone Harbor Emerging Mkts Debt had an annualized return of 3.06%, while the S&P 500 had an annualized return of 10.85%, indicating that Virtus Stone Harbor Emerging Mkts Debt did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 9.59% | 17.79% |
| 1 month | 1.87% | 0.18% |
| 6 months | 7.51% | 7.53% |
| 1 year | 19.01% | 26.42% |
| 5 years (annualized) | 1.43% | 13.48% |
| 10 years (annualized) | 3.06% | 10.85% |
Monthly Returns
The table below presents the monthly returns of SHMDX, 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 | -0.73% | 1.55% | 2.21% | -1.73% | 1.83% | 0.40% | 2.10% | 1.91% | 9.59% | ||||
| 2023 | 4.53% | -2.38% | 0.35% | -0.43% | -0.43% | 3.38% | 2.46% | -1.27% | -2.69% | -0.29% | 6.17% | 4.96% | 14.80% |
| 2022 | -3.18% | -7.51% | -0.36% | -6.48% | -0.68% | -8.52% | 3.15% | 0.05% | -7.77% | 0.92% | 9.99% | 0.21% | -19.74% |
| 2021 | -0.99% | -2.41% | -1.44% | 2.61% | 0.92% | 0.61% | 0.41% | 1.32% | -2.21% | -0.10% | -2.60% | 1.50% | -2.52% |
| 2020 | 1.50% | -1.49% | -18.75% | 2.48% | 10.60% | 4.91% | 4.14% | 1.33% | -2.34% | -0.42% | 5.24% | 2.62% | 7.06% |
| 2019 | 6.43% | 1.24% | 1.13% | -0.30% | 0.10% | 3.29% | 1.49% | -1.47% | -0.10% | 0.30% | -0.50% | 2.87% | 15.20% |
| 2018 | 0.85% | -1.96% | 0.19% | -1.62% | -1.65% | -3.00% | 3.61% | -4.40% | 3.39% | -2.97% | -1.08% | 0.80% | -7.89% |
| 2017 | 1.78% | 2.03% | 0.48% | 1.62% | 0.74% | -0.57% | 1.14% | 2.25% | 0.18% | 0.37% | -0.11% | 1.03% | 11.48% |
| 2016 | -1.16% | 3.20% | 4.70% | 2.59% | -0.42% | 3.77% | 2.01% | 2.02% | 0.56% | -1.02% | -4.27% | 1.49% | 13.95% |
| 2015 | -0.49% | 2.45% | 0.19% | 2.90% | -0.80% | -1.82% | -0.48% | -1.82% | -2.22% | 3.92% | 0.03% | -2.77% | -1.14% |
| 2014 | -1.25% | 3.20% | 1.61% | 1.59% | 2.99% | 0.27% | -0.09% | 0.30% | -2.63% | 1.30% | -0.79% | -3.63% | 2.66% |
| 2013 | -1.42% | -0.38% | -0.43% | 2.84% | -4.10% | -5.38% | 0.65% | -3.39% | 3.10% | 2.16% | -3.01% | 0.39% | -8.99% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of SHMDX is 80, placing it in the top 20% 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 Emerging Mkts Debt (SHMDX) 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 Emerging Mkts Debt granted a 7.87% dividend yield in the last twelve months. The annual payout for that period amounted to $0.60 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.60 | $0.58 | $0.73 | $0.45 | $0.53 | $0.55 | $0.62 | $0.64 | $0.66 | $0.61 | $0.50 | $0.51 |
Dividend yield | 7.87% | 8.09% | 10.70% | 4.78% | 5.24% | 5.51% | 6.77% | 6.03% | 6.56% | 6.41% | 4.92% | 4.87% |
Monthly Dividends
The table displays the monthly dividend distributions for Virtus Stone Harbor Emerging Mkts Debt. 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 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.00 | $0.00 | $0.28 | |||
| 2023 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.23 | $0.00 | $0.00 | $0.13 | $0.04 | $0.05 | $0.11 | $0.58 |
| 2022 | $0.00 | $0.08 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.16 | $0.27 | $0.73 |
| 2021 | $0.00 | $0.06 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.12 | $0.06 | $0.45 |
| 2020 | $0.00 | $0.07 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.11 | $0.09 | $0.53 |
| 2019 | $0.00 | $0.11 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.16 | $0.05 | $0.55 |
| 2018 | $0.00 | $0.03 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.17 | $0.11 | $0.62 |
| 2017 | $0.00 | $0.07 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.18 | $0.12 | $0.64 |
| 2016 | $0.00 | $0.10 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.15 | $0.08 | $0.66 |
| 2015 | $0.00 | $0.05 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.16 | $0.15 | $0.61 |
| 2014 | $0.00 | $0.05 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.14 | $0.06 | $0.50 |
| 2013 | $0.09 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.12 | $0.06 | $0.51 |
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 Emerging Mkts Debt. 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 Emerging Mkts Debt was 33.45%, occurring on Oct 24, 2008. Recovery took 188 trading sessions.
The current Virtus Stone Harbor Emerging Mkts Debt drawdown is 2.87%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -33.45% | May 22, 2008 | 108 | Oct 24, 2008 | 188 | Jul 27, 2009 | 296 |
| -31.98% | Sep 16, 2021 | 278 | Oct 21, 2022 | — | — | — |
| -26.22% | Feb 24, 2020 | 21 | Mar 23, 2020 | 114 | Sep 2, 2020 | 135 |
| -12.88% | May 3, 2013 | 87 | Sep 5, 2013 | 667 | Apr 29, 2016 | 754 |
| -10.74% | Jan 29, 2018 | 211 | Nov 27, 2018 | 130 | Jun 6, 2019 | 341 |
Volatility
Volatility Chart
The current Virtus Stone Harbor Emerging Mkts Debt volatility is 1.30%, 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.