Skip to Content
Morningstar

Virtus Stone Harbor Local Markets I SHLMX

Morningstar Medalist Rating
Medalist Rating as of | See Virtus Investment Hub
  • NAV / 1-Day Return 7.99  /  +0.38 %
  • Total Assets 11.0 Mil
  • Adj. Expense Ratio
    1.000%
  • Expense Ratio 1.000%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category Emerging-Markets Local-Currency Bond
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1.0 Mil
  • Status Open
  • TTM Yield —
  • Effective Duration —

USD | NAV as of Apr 26, 2024 | 1-Day Return as of Apr 26, 2024, 11:34 PM GMT+0

Morningstar’s Analysis SHLMX

Will SHLMX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable SHLMX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the SHLMX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of SHLMX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Virtus Stone Harbor Local Markets I boasts strong People and Process Pillar ratings, but other weaknesses hold this strategy's Morningstar Medalist Rating at Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The strategy charges fees in line with its similarly distributed peers, priced within the middle quintile.

by Morningstar Manager Research
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings SHLMX

More SHLMX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 45.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Secretaria Tesouro Nacional 10%

9.62 981,009
Government

Mxn/Usd Fwd 20240315 2467

6.63 676,612
Derivative

Mexico (United Mexican States) 8%

5.34 545,108
Government

Thb/Usd Fwd 20240410 Goldus33

5.32 542,748
Derivative

Us Dollar

4.78 487,364
Cash and Equivalents

Cnh/Usd Fwd 20240328 2467

4.62 471,307
Derivative

Kreditanstalt Fur Wiederaufbau 0.625%

4.57 465,753
Government

Bogota, Distrito Capital 9.75%

4.53 462,290
Government

South Africa (Republic of) 8.5%

4.46 455,250
Government

Poland (Republic of) 1.75%

4.40 449,300
Government