Virtus Stone Harbor Emerging Markets Income Fund (EDF)
Virtus Stone Harbor Emerging Markets Income Fund is a closed-ended fixed income mutual fund launched and managed by Stone Harbor Investment Partners LP. The fund invests in the fixed income markets of emerging market countries across the globe. It primarily invests in sovereign debt obligations, corporate debt securities, structured notes, convertible securities, securities issued by supranational organizations, floating rate commercial loans, and securitized loan participations. The fund focuses on factors such as liquidity, volatility, tax implications, interest rate sensitivity, counterparty risks, economic factors, currency exchange rates, and technical market considerations to create its portfolio. It benchmarks the performance of its portfolios against the JP Morgan EMBI Global Diversified TR Index, the JPMorgan CEMBI Broad Diversified Index, and the JPMorgan GBI-EM Global Diversified Composite TR Index. Virtus Stone Harbor Emerging Markets Income Fund was formed on December 22, 2010 and is domiciled in the United States.
Industry: Asset Management
Virtus Stone Harbor Emerging Markets Income Fund
NYSE:EDFFinancial Services · Asset Management
-2.73%$4.28
AH Close$4.28+0.00%vs close
AH Close$4.28+0.00%vs close
Mkt Cap$137.71M
Float32.11M
O/S32.17M
Inst Own11.7%
SI0.4%
Div Yield16.82%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$26.75M
Net Income$27.39M
Total Assets$196.98M
Free Cash Flow$13.33M
Debt & Equity
Debt 20%
Equity 80%
Total Debt$38.62M
Total Equity$157.91M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in EDF's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$196.98M
Liabilities$39.08M
Accounts Receivable$4.06M
Accounts Payable$151K
Inventory$0
PP&E (Net)$0
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-11-30 | 2024-11-30 | 2023-11-30 | 2022-11-30 | 2021-11-30 | 2020-11-30 | 2019-11-30 | 2018-11-30 | 2017-11-30 | 2016-11-30 | 2015-11-30 | 2014-11-30 |
| Revenue | $26.75M | $19.44M | $15.72M | $774K | $9.03M | -$84K | $8.21M | -$30.26M | $49.76M | -$97K | -$23.91M | $38.76M |
| YoY Growth | 37.6% | 23.6% | 1931.4% | -91.4% | -10886.8% | -101.0% | -127.1% | -160.8% | -51273.3% | -99.6% | -161.7% | - |
| Cost of Revenue | $2.17M | $1.91M | $1.16M | $1.47M | $1.96M | $1.99M | $2.22M | $3.55M | $3.98M | $3.62M | $4.35M | $6.38M |
| Gross Profit | $24.57M | $17.53M | $14.57M | -$697K | $7.07M | -$2.07M | $5.98M | -$33.81M | $45.78M | -$3.72M | -$28.26M | $32.38M |
| Gross Margin | 91.9% | 90.2% | 92.6% | -90.1% | 78.3% | 2471.4% | 72.9% | 111.7% | 92.0% | 3825.7% | 118.2% | 83.5% |
| Research and Development | $0 | $0 | $0 | -$29 | $0 | $89 | -$3 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $399K | $402K | $570K | $465K | $664K | $699K | $739K | $937K | $1.03M | $0 | $0 | $0 |
| Other | -$6.3M | $71K | $71K | $97K | $23K | $22K | $20K | $20K | $23K | -$26.33M | -$254K | $40K |
| Total Operating Expenses | -$5.9M | $473K | $641K | $562K | $687K | $721K | $760K | $957K | $1.05M | -$26.33M | -$254K | $40K |
| Operating Income (EBIT) | $30.48M | $34.88M | $15.05M | -$20.28M | $1.66M | -$6.01M | $7.45M | -$28.97M | $50.44M | $22.61M | -$28M | $32.34M |
| Operating Margin | 113.9% | 179.4% | 95.7% | -2619.9% | 18.4% | 7175.5% | 90.7% | 95.7% | 101.4% | -23255.3% | 117.1% | 83.4% |
| Interest Expense | $2.27M | $2.22M | $1.16M | $768K | $488K | $674K | $614K | $2.24M | $1.73M | $928K | $757K | -$14.7M |
| Interest Income | $19.55M | $17.1M | $10.77M | $11.31M | $12.88M | $13.62M | $17.72M | $24.32M | $28.14M | $0 | $0 | $0 |
| Other Income (Expense) | -$3.09M | -$2.23M | -$1.12M | -$2.55M | -$590K | -$1.48M | $0 | -$2.24M | $1.5M | -$1.05M | -$1.17M | -$14.7M |
| Income Before Tax (EBT) | $27.39M | $32.65M | $13.93M | -$22.83M | $1.07M | -$7.48M | $7.45M | -$31.22M | $48.7M | $21.56M | -$29.18M | $17.64M |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$161K | -$53K | $0 | $0 | $0 |
| Net Income | $27.39M | $32.65M | $13.93M | -$22.83M | $1.07M | -$7.48M | $7.45M | -$31.22M | $48.7M | $21.56M | -$29.18M | $17.64M |
| Net Income Margin | 102.4% | 167.9% | 88.6% | -2949.1% | 11.9% | 8939.2% | 90.7% | 103.2% | 97.9% | -22176.5% | 122.0% | 45.5% |
| Supplementary Data | ||||||||||||
| EPS | 0.88 | 1.21 | 0.81 | -1.33 | 0.06 | -0.45 | 0.45 | -1.93 | 3.07 | 1.36 | -1.85 | 1.12 |
| Diluted EPS | 0.88 | 1.21 | 0.81 | -1.33 | 0.06 | -0.45 | 0.45 | -1.93 | 3.07 | 1.36 | -1.85 | 1.12 |
| Weighted Average OS | 31.13M | 26.98M | 17.19M | 17.10M | 16.86M | 16.66M | 16.40M | 16.17M | 15.86M | 15.84M | 15.79M | 15.79M |
| EBITDA | $30.48M | $34.88M | $15.05M | -$20.28M | $1.66M | -$6.01M | $7.45M | -$28.97M | $50.44M | $21.68M | -$28.76M | $2.94M |
| EBITDA Margin | 113.9% | 179.4% | 95.7% | -2619.9% | 18.4% | 7175.5% | 90.7% | 95.7% | 101.4% | -22300.5% | 120.3% | 7.6% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-11-30 | 2024-11-30 | 2023-11-30 | 2022-11-30 | 2021-11-30 | 2020-11-30 | 2019-11-30 | 2018-11-30 | 2017-11-30 | 2016-11-30 | 2015-11-30 | 2014-11-30 |
| Assets | ||||||||||||
| Current Assets | ||||||||||||
| Cash and Cash Equivalents | $2.38M | $0 | $2.31M | $880K | $3.15M | $3.8M | $381K | $0 | $366K | $1.24M | $5.61M | $1.42M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $5.88M | $0 | $4.05M | $20.2M | $3.66M | $629K | $0 |
| Cash and Short-Term Investments | $2.38M | $0 | $2.31M | $880K | $3.15M | $9.68M | $381K | $4.05M | $20.56M | $4.9M | $6.24M | $1.42M |
| Accounts Receivable | $4.06M | $7.73M | $2.3M | $3.82M | $3.07M | $3M | $3.82M | $8.24M | $6.75M | $21.35M | $38.62M | $0 |
| Inventory | $0 | $0 | $4.61M | $4.87M | $5.53M | $0 | $6.94M | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $0 | $0 | -$4.61M | -$4.87M | -$24.59M | $0 | -$4.2M | -$12.29M | -$27.31M | -$26.25M | $0 | $0 |
| Total Current Assets | $6.43M | $7.73M | $4.61M | $4.7M | $3.07M | $6.75M | $4.2M | $8.24M | $6.75M | $15.81M | $5.61M | $1.42M |
| Long-Term Assets | ||||||||||||
| Property, Plant & Equipment Net | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $190.37M | $185.42M | $84.07M | $93.2M | $145.46M | $162.89M | $152.27M | $245.38M | $293.16M | $303.37M | $304.84M | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $187K | $1.02M | $0 | $0 | $0 | $0 | $0 | -$245.38M | -$293.16M | -$21K | $4.8M | $0 |
| Total Long-Term Assets | $190.55M | $186.44M | $84.07M | $93.2M | $145.46M | $162.89M | $152.27M | $245.38M | $293.16M | $303.35M | $309.64M | $0 |
| Other Assets | $0 | $0 | $6.26M | $19.11M | $18.37M | $171.99M | $2K | $5.82M | $1.89M | $13.75M | $39.25M | $0 |
| Total Assets | $196.98M | $194.17M | $94.94M | $117M | $166.9M | $171.99M | $156.48M | $259.44M | $301.81M | $332.92M | $354.5M | $0 |
| Liabilities | ||||||||||||
| Current Liabilities | ||||||||||||
| Accounts Payable | $151K | $4.53M | $436K | $874K | $778K | $2.96M | $537K | $1.6M | $2.32M | $0 | $0 | $0 |
| Short-Term Debt | $38.62M | $0 | $14.17M | $28.6M | $46.97M | $49.19M | $8.98M | $86.27M | $64.51M | $100.84M | $89.81M | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | -$27.73M | -$46.05M | -$46.09M | -$8.31M | -$84.46M | -$61.94M | $0 | $0 | $0 |
| Other Current Liabilities | -$418K | -$575K | -$14.32M | -$17.01M | -$14.8M | -$11.8M | -$938K | -$2.16M | -$2.96M | $4 | -$89.81M | $0 |
| Total Current Liabilities | $38.62M | $4.53M | $436K | $874K | $915K | $0 | $665K | $1.81M | $2.57M | $110.7M | $89.81M | $0 |
| Long-Term Liabilities | ||||||||||||
| Long-Term Debt | $0 | $49.55M | $14.17M | $28.6M | $46.97M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $458K | $1.02M | $0 | $16.24M | $14.02M | $0 | $0 | $0 | $0 | $3.11M | $34.94M | $0 |
| Total Long-Term Liabilities | $458K | $50.58M | $14.17M | $44.84M | $60.99M | $46.06M | $8.98M | $86.27M | $64.51M | $3.11M | $34.94M | $0 |
| Other Liabilities | $0 | $0 | $6.43M | $43.96M | $59.94M | $54.76M | $625K | $366K | $441K | $1.16M | $0 | $0 |
| Total Liabilities | $39.08M | $55.1M | $21.04M | $45.71M | $61.77M | $54.76M | $10.27M | $88.45M | $67.53M | $114.97M | $124.75M | $0 |
| Stockholders' Equity | ||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $64.99M | $0 | $0 | $0 |
| Common Stock | $32K | $29K | $17K | $17K | $234.32M | $237.89M | $254.72M | $274.62M | $299.89M | $315.06M | $342.9M | $0 |
| Retained Earnings | -$224.48M | -$236.42M | -$150.84M | -$153.58M | -$129.19M | -$120.66M | -$108.51M | -$103.63M | -$618K | -$2.97M | -$11.87M | $0 |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$64.99M | -$94.14M | $342.9M | -$45.98M |
| Other Stockholders' Equity | $382.36M | $375.46M | $224.72M | $224.86M | $0 | $0 | $0 | $0 | -$64.99M | -$94.14M | -$101.29M | -$45.98M |
| Total Equity | $157.91M | $139.07M | $73.91M | $71.29M | $105.13M | $117.23M | $146.21M | $170.99M | $234.28M | $217.95M | $229.74M | -$45.98M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $196.98M | $194.17M | $94.94M | $117M | $166.9M | $171.99M | $156.48M | $259.44M | $301.81M | $332.92M | $354.5M | -$45.98M |
| Supplementary Data | ||||||||||||
| Total Debt | $38.62M | $49.55M | $14.17M | $28.6M | $46.97M | $49.19M | $8.98M | $86.27M | $64.51M | $100.84M | $89.81M | $0 |
| Net Debt | $36.24M | $49.55M | $11.86M | $27.72M | $43.82M | $45.4M | $8.59M | $86.27M | $64.15M | $99.6M | $84.2M | -$1.42M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-11-30 | 2024-11-30 | 2023-11-30 | 2022-11-30 | 2021-11-30 | 2020-11-30 | 2019-11-30 | 2018-11-30 | 2017-11-30 | 2016-11-30 | 2015-11-30 | 2014-11-30 |
| Operating Activities | ||||||||||||
| Net Income | $27.39M | $32.65M | $13.93M | -$22.83M | $1.07M | -$7.48M | $7.45M | -$31.22M | $48.7M | $21.56M | -$29.18M | $17.64M |
| Depreciation & Amortization | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||
| Accounts Receivable | $3.64M | -$4.35M | $1.55M | -$780K | $6.38M | $2.99M | $1.98M | $817K | $106K | $635K | $4.67M | $0 |
| Inventory | $0 | $0 | $0 | $0 | -$6.16M | -$2.27M | $0 | -$39K | $1M | $0 | $0 | $0 |
| Accounts Payable | $0 | $0 | $0 | $0 | -$3.12M | $3.12M | -$201K | $41K | -$848K | -$6K | -$150K | $0 |
| Other Working Capital | -$514K | -$1.98M | -$10.03M | $2.66M | $238K | $179K | -$409K | -$3.85M | $1.29M | -$1M | $2.41M | $0 |
| Total Working Capital Change | $3.13M | -$6.33M | -$8.49M | $1.88M | -$2.66M | $4.02M | $1.37M | -$3.03M | $553K | -$374K | $6.93M | -$6.55M |
| Other Non-Cash Items | -$17.19M | -$22.38M | -$6.37M | $48.79M | $12.31M | $17.19M | $95.27M | $44.19M | $18.58M | -$2.41M | $56.88M | $7.31M |
| Net Cash from Operating | $13.33M | $3.94M | -$927K | $27.85M | $10.73M | $13.73M | $104.09M | $9.94M | $67.83M | $19.41M | $34.64M | $18.4M |
| Investing Activities | ||||||||||||
| Capital Expenditures | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$107.33M | -$138.63M | -$64.24M | -$41.1M | -$74.96M | -$206.45M | -$262.24M | -$370.68M | -$396.42M | -$321.87M | -$256.73M | $0 |
| Sales of Investments | $120.02M | $111.96M | $73.52M | $71.72M | $79.18M | $187.53M | $177.28M | $369.44M | $345.89M | $323.32M | $308.98M | $0 |
| Other Investing Activities | -$8.79M | $0 | $0 | $0 | $0 | $0 | $169.91M | -$8.7M | $101.07M | -$2.91M | $0 | $0 |
| Net Cash from Investing | $3.9M | -$26.67M | $9.28M | $30.62M | $4.21M | -$18.92M | $84.96M | -$9.95M | $50.53M | -$1.45M | $52.25M | $0 |
| Financing Activities | ||||||||||||
| Debt Repaid | $10.94M | -$33.65M | $14.43M | $16.88M | -$912K | -$37.08M | $77.3M | -$21.76M | $36.33M | - | - | - |
| Common Stock Issuance | $12.45M | $471K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | -$20.96M | -$19.05M | -$11.31M | -$11.02M | -$13.17M | -$21.5M | -$32.23M | -$32.07M | -$32.37M | -$33.36M | -$34.11M | $0 |
| Other Financing Activities | $0 | -$217K | $0 | -$1.49M | $0 | $0 | $0 | $0 | $0 | $11.03M | -$56.94M | -$16.77M |
| Net Cash from Financing | -$19.67M | $14.86M | -$25.74M | -$29.38M | -$12.26M | $15.59M | -$109.52M | -$10.31M | -$68.7M | -$22.33M | -$91.05M | -$16.77M |
| Forex Effect | $4.81M | $5.56M | $18.73M | -$30.62M | -$3.33M | -$6.98M | -$84.96M | $5K | -$6K | $800 | $8.36M | -$210K |
| Net Change in Cash | $2.38M | -$2.31M | $1.34M | -$1.53M | -$647K | $3.41M | -$5.44M | -$10.31M | -$872K | -$4.37M | $4.19M | $1.42M |
| Supplementary Data | ||||||||||||
| Operating Cash Flow | $13.33M | -$22.53M | $14.31M | $27.85M | $27.65M | -$9.83M | $104.09M | $9.94M | $67.83M | $19.41M | $34.64M | $18.4M |
| Capital Expenditure | $0 | $0 | $0 | $0 | $4 | $4 | $0 | $0 | $0 | $0 | $0 | $0 |
| Free Cash Flow | $13.33M | -$22.53M | $14.31M | $27.85M | $27.65M | -$9.83M | $104.09M | $9.94M | $67.83M | $19.41M | $34.64M | $18.4M |
| Cash at Beginning | $881K | $8.55M | $968K | $21.52M | $6.14M | $382K | $5.82M | $366K | $1.24M | $5.61M | $1.42M | $0 |
| Cash at End | $3.06M | $881K | $2.31M | $19.98M | $21.52M | $6.14M | $382K | -$9.95M | $366K | $1.24M | $5.61M | $1.42M |