Stone Harbor Emerging Markets Debt Fund

Data updated: 2022-04-29

C000049024 — Stone Harbor Emerging Markets Debt Fund. Bond · $858.72M AUM · 0.73% expense ratio. Holdings, fees, performance and SEC filings.

C000049024 Fund Overview

Stone Harbor Emerging Markets Debt Fund is a US mutual fund managed by Stone Harbor Investment Funds, categorised as Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

  • Type: US mutual fund
  • Manager: Stone Harbor Investment Funds
  • Category: Bond
  • Assets under management: $858.72M
  • 1-year return: -9.7%
  • SEC CIK: 0001391673
  • SEC series ID: S000017755
  • Share class ID: C000049024

C000049024 Investment Objective and Strategy

Stone Harbor Emerging Markets Debt Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Stone Harbor Investment Funds.

Investment objective

The Fund seeks to maximize total return, which consists of income on its investments and capital appreciation.

Principal investment strategy

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. Emerging Markets Fixed Income Securities include fixed income securities and derivative instruments (including, but not limited to, spot and currency contracts, futures, options and swaps) that economically are tied to countries with emerging securities markets or whose performance is linked to those countries markets, economies or ability to repay loans. Emerging Markets Fixed Income Securities may be denominated in non-U.S. currencies or the U.S. dollar. A security or instrument is economically tied to an emerging market country if it is principally traded on the countrys securities markets or the issuer is organized or principally operates in the country, derives a majority of its income from its operations within the country or has a majority of its assets within the country.

Emerging Markets Fixed Income Securities also include derivatives and other instruments used to hedge or gain exposure to emerging securities markets (for example, futures or other derivatives whose return is based on specific emerging markets securities or indices). Although the Fund is not limited in the types of derivatives it can use, the Fund currently expects that its derivatives investments will consist primarily of the following instruments and transactions: futures, options, swaps, credit linked notes and credit default swaps. The Fund may use derivatives to a significant extent. The Adviser has broad discretion to identify and invest in countries that it considers to be emerging securities markets. The Fund considers emerging market countries to include countries identified by the World Bank Group as being low income economies or which are included in a JP Morgan emerging market bond index.

It is anticipated that the Fund will focus most of its investments in Asia, Africa, the Middle East, Latin America and/or the developing countries of Europe. Emerging Markets Fixed Income Securities may include, among other things, sovereign debt securities, corporate debt securities, structured notes, convertible securities, securities issued by supranational organizations, floating rate commercial loans, securitized loan participations, Rule 144A securities and derivatives related to these types of securities. The Fund seeks capital appreciation through country selection, sector selection and security selection. The Fund is non-diversified, which means that it can invest a higher percentage of its assets in any one issuer or in a smaller number of issuers than a diversified fund. Credit Quality.

The Fund 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. Maturity and Duration. The Adviser normally maintains an average portfolio duration of between 2 and 7 years. However, the Funds average duration may be outside this range, and the Fund may invest in securities of any duration and maturity.

C000049024 Performance

Total returns for C000049024 (as of 2026-10-01), from SEC filings.

PeriodTotal return
1 year-9.7%
3 years (annualised)-1.7%

C000049024 Risk Information

Risk metrics for C000049024, derived from monthly returns in SEC filings.

  • 1-year volatility (annualised): 9.6%

C000049024 Costs and Fees

C000049024 costs about $73 per $10,000 invested per year in fund expenses.

  • Net expense ratio: 0.73%
  • Gross expense ratio: 0.73%
  • Portfolio turnover: 106%
  • Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)

C000049024 Cashflows

Over the 12 months to 2022-02, Stone Harbor Emerging Markets Debt Fund had net outflows of $300.65M, from monthly SEC N-PORT filings.

MonthNet flow
2022-02$7.10M
2022-01−$360.94M
2021-12−$33.37M
2021-11−$42.10M
2021-10−$6.68M
2021-09$31.12M

C000049024 Debt Constituents

No individual debt constituents are reported in Stone Harbor Emerging Markets Debt Fund's latest SEC N-PORT filing.

C000049024 Prospectus and SEC Filings

Official Stone Harbor Emerging Markets Debt Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

Related Funds

Other Bond funds tracked on ABC INVEST:

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.