# EDGAR Filing Document

**Accession Number:** 0001501103
**File Stem:** 0001752724-23-010103
**Filing Date:** 2023-1
**Character Count:** 47553
**Document Hash:** d192d6f9b150b85f281a1500a6029505
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-010103.hdr.sgml**: 20230124

**ACCESSION NUMBER**: 0001752724-23-010103

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230124

**DATE AS OF CHANGE**: 20230124

**PERIOD START**: 20221130

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Virtus Stone Harbor Emerging Markets Income Fund
- **CENTRAL INDEX KEY:** 0001501103
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1130

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22473
- **FILM NUMBER:** 23549101

**BUSINESS ADDRESS:**
- **STREET 1:** 101 MUNSON STREET
- **STREET 2:** SUITE 104
- **CITY:** GREENFIELD
- **STATE:** MA
- **ZIP:** 01301
- **BUSINESS PHONE:** 1-866-270-7788

**MAIL ADDRESS:**
- **STREET 1:** 101 MUNSON STREET
- **STREET 2:** SUITE 104
- **CITY:** GREENFIELD
- **STATE:** MA
- **ZIP:** 01301

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Stone Harbor Emerging Markets Income Fund
- **DATE OF NAME CHANGE:** 20101104

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Stone Harbor Emerging Markets Fixed Income Fund
- **DATE OF NAME CHANGE:** 20100910

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Virtus Stone Harbor Emerging Markets Income Fund

- **b. Investment Company Act file number:** 811-22473

- **c. CIK number of Registrant:** 0001501103

- **d. LEI of Registrant:** XXFOYQ5TGUGS75Z22C46

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 101 Munson Street

  - **City:** Greenfield

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 01301-9683

  - **Telephone number:** 800-243-1574

**Item A.2. Information about the Series.**

- **a. Name of Series:** Virtus Stone Harbor Emerging Markets Income Fund

- **c. LEI of Series:** XXFOYQ5TGUGS75Z22C46

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2022-11-30

- **b. Date as of which information is reported:** 2022-11-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $74045624.84

**Total Liabilities:** $2723563.73

**Net Assets:** $71322061.11

**Cash Not Reported:** $19621013.59

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** -1404.00000000 | **10-Year:** -4911.00000000 | **30-Year:** -4699.00000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 0.00000000 | **1-Year:** -430.00000000 | **5-Year:** -10130.00000000 | **10-Year:** -8418.00000000 | **30-Year:** -7639.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000000000 | -9.47%               | 3.03%                | 14.50%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-3403443.29             | $-3115378.66                               |
| Month 2  | $-3129414.80             | $3397476.23                                |
| Month 3  | $-1987800.81             | $8271089.42                                |

**Designated Index Information**

- **Index Name:** Securities Portfolio

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                                            | Title                                               | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |     Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| TITULOS DE TESORERIA                            | Colombian TES                                       | CUSIP: 000000000<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |  8275000000 | PA      | $1123166.71   | 1.57%             | 2034-10-18      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| BANCO MERCANTIL DE NORTE                        | Banco Mercantil del Norte SA/Grand Cayman           | CUSIP: 05973KAA5<br>LEI: 549300QTVYRPFHS0J362 | Long             | DBT              | CORP              | MX        |      576000 | PA      | $493488.00    | 0.69%             | N/A             | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CREDIT SUISSE FIRST BOSTON MORTGAGE CAPITAL LLC | CREDIT SUISSE                                       | CUSIP: 000000000<br>LEI: 5493001KFROXQS5VBZ89 | Short            | RA               | CORP              | US        |     -573733 | PA      | $-573733.18   | -0.80%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION       | JP Morgan                                           | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | Short            | RA               | CORP              | US        |     -997676 | PA      | $-997675.56   | -1.40%            |  |  |  | No            |                  2 | On Loan: No      |
| TULLOW OIL PLC                                  | Tullow Oil PLC                                      | CUSIP: 000000000<br>LEI: 2138003EYHWO75RKS857 | Long             | DBT              | CORP              | GB        |      368000 | PA      | $316480.00    | 0.44%             | 2026-05-15      | Fixed         | 10.25%                | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                             | Petroleos Mexicanos                                 | CUSIP: 000000000<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    63700000 | PA      | $3015341.88   | 4.23%             | 2024-09-12      | Fixed         | 7.19%                 | No            |                  2 | On Loan: No      |
| CREDIT SUISSE FIRST BOSTON MORTGAGE CAPITAL LLC | CREDIT SUISSE                                       | CUSIP: 000000000<br>LEI: 5493001KFROXQS5VBZ89 | Short            | RA               | CORP              | US        |     -702280 | PA      | $-702279.93   | -0.98%            |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF ECUADOR                             | Ecuador Government International Bond               | CUSIP: 000000000<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |    11700000 | PA      | $7084350.00   | 9.93%             | 2030-07-31      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| PETROLEOS DE VENEZUELA S                        | Petroleos de Venezuela SA                           | CUSIP: 000000000<br>LEI: 549300YWR8TN1OFD4P06 | Long             | DBT              | CORP              | VE        |     4200000 | PA      | $178500.00    | 0.25%             | 2035-05-17      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| PETROLEOS DEL PERU SA                           | Petroleos del Peru SA                               | CUSIP: 000000000<br>LEI: 549300ZMGDLC9JT2OR80 | Long             | DBT              | CORP              | PE        |      250000 | PA      | $193687.50    | 0.27%             | 2032-06-19      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| GOL FINANCE SA                                  | Gol Finance SA                                      | CUSIP: 36254VAA6<br>LEI: 5299007RH8MA67ZC6J07 | Long             | DBT              | CORP              | LU        |     2344000 | PA      | $984480.00    | 1.38%             | 2025-01-31      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| GRAN TIERRA ENERGY INTL                         | Gran Tierra Energy International Holdings Ltd       | CUSIP: 38502HAA3<br>LEI: 549300RQNK5SS6I0T293 | Long             | DBT              | CORP              | KY        |      843000 | PA      | $741840.00    | 1.04%             | 2025-02-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF EL SALVADOR                         | El Salvador Government International Bond           | CUSIP: 000000000<br>LEI: 529900AKDMUSFSDOM949 | Long             | DBT              | NUSS              | SV        |      568000 | PA      | $234051.50    | 0.33%             | 2032-04-10      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| PROVINCIA DE ENTRE RIOS                         | Provincia de Entre Rios Argentina                   | CUSIP: 000000000<br>LEI: 529900YISSWARKQRS409 | Long             | DBT              | NUSS              | AR        |      835000 | PA      | $528555.00    | 0.74%             | 2028-08-08      | Variable      | 5.75%                 | No            |                  2 | On Loan: No      |
| CREDIT SUISSE FIRST BOSTON MORTGAGE CAPITAL LLC | CREDIT SUISSE                                       | CUSIP: 000000000<br>LEI: 5493001KFROXQS5VBZ89 | Short            | RA               | CORP              | US        |     -687564 | PA      | $-687564.10   | -0.96%            |  |  |  | No            |                  2 | On Loan: No      |
| CREDIT SUISSE FIRST BOSTON MORTGAGE CAPITAL LLC | CREDIT SUISSE                                       | CUSIP: 000000000<br>LEI: 5493001KFROXQS5VBZ89 | Short            | RA               | CORP              | US        |     -588025 | PA      | $-588024.68   | -0.82%            |  |  |  | No            |                  2 | On Loan: No      |
| BANK OF AMERICA, NATIONAL ASSOCIATION           | CDS TURKEY                                          | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DCR              | CORP              | US        |           1 | NC      | $-735703.92   | -1.03%            |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF ARGENTINA                           | Argentine Republic Government International Bond    | CUSIP: 040114HX1<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |    14000000 | PA      | $3640000.00   | 5.10%             | 2029-07-09      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| CREDIT SUISSE FIRST BOSTON MORTGAGE CAPITAL LLC | CREDIT SUISSE                                       | CUSIP: 000000000<br>LEI: 5493001KFROXQS5VBZ89 | Short            | RA               | CORP              | US        |     -611101 | PA      | $-611100.70   | -0.86%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION       | JP Morgan                                           | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | Short            | RA               | CORP              | US        |    -1422700 | PA      | $-1422700.28  | -1.99%            |  |  |  | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                             | Petroleos Mexicanos                                 | CUSIP: 000000000<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    45240000 | PA      | $1970046.78   | 2.76%             | 2026-11-12      | Fixed         | 7.47%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION       | JP Morgan                                           | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | Short            | RA               | CORP              | US        |     -655770 | PA      | $-655770.25   | -0.92%            |  |  |  | No            |                  2 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC.                 | CDS REPUBLIC OF ARGENTINA                           | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              | CORP              | US        |           1 | NC      | $-1993496.13  | -2.80%            |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF ZAMBIA                              | Zambia Government International Bond                | CUSIP: 000000000<br>LEI: 213800DMLAZ6LGMMD849 | Long             | DBT              | NUSS              | ZM        |      900000 | PA      | $409500.00    | 0.57%             | 2027-07-30      | Fixed         | 8.97%                 | No            |                  2 | On Loan: No      |
| CREDIT SUISSE FIRST BOSTON MORTGAGE CAPITAL LLC | CREDIT SUISSE                                       | CUSIP: 000000000<br>LEI: 5493001KFROXQS5VBZ89 | Short            | RA               | CORP              | US        |     -585922 | PA      | $-585922.46   | -0.82%            |  |  |  | No            |                  2 | On Loan: No      |
| THETA CAPITAL PTE LTD                           | Theta Capital Pte Ltd                               | CUSIP: 000000000<br>LEI: 2549003I5QVCGQHCYJ52 | Long             | DBT              | CORP              | SG        |      935000 | PA      | $714865.94    | 1.00%             | 2025-01-22      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| PNG GOVT INTL BOND                              | Papua New Guinea Government International Bond      | CUSIP: 69888UAB1<br>LEI: N/A                  | Long             | DBT              | NUSS              | PG        |     1558000 | PA      | $1311446.50   | 1.84%             | 2028-10-04      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| ARAB REPUBLIC OF EGYPT                          | Egypt Government International Bond                 | CUSIP: 03846JW55<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |     2950000 | PA      | $1895375.00   | 2.66%             | 2048-02-21      | Fixed         | 7.90%                 | No            |                  2 | On Loan: No      |
| 1MDB GLOBAL INVESTMENTS                         | 1MDB Global Investments Ltd                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | VG        |     4900000 | PA      | $4793731.25   | 6.72%             | 2023-03-09      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC.                 | CDS REPUBLIC OF ARGENTINA                           | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              | CORP              | US        |           1 | NC      | $-8096661.19  | -11.35%           |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS CAPITAL INC.                           | CDS ESKOM HOLDINGS SOC LTD                          | CUSIP: 000000000<br>LEI: AC28XWWI3WIBK2824319 | N/A              | DCR              | CORP              | US        |           1 | NC      | $-1171072.15  | -1.64%            |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF GHANA                               | Ghana Government International Bond                 | CUSIP: 374422AG8<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |      554000 | PA      | $206365.00    | 0.29%             | 2029-05-16      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| Republic of Iraq CLN                            | Republic of Iraq CLN                                | CUSIP: 000000000<br>LEI: 549300K1NZTY5QS1NO76 | Long             | DBT              | CORP              | KY        |   541430468 | PA      | $3338605.57   | 4.68%             | 2028-01-01      | Variable      | 0.01%                 | No            |                  3 | On Loan: No      |
| DEVELOPMENT BANK OF KAZA                        | Development Bank of Kazakhstan JSC                  | CUSIP: 25159XAC7<br>LEI: 213800LCDPGJ1BI7KX98 | Long             | DBT              | CORP              | KZ        |   506000000 | PA      | $820353.03    | 1.15%             | 2026-05-06      | Fixed         | 10.95%                | No            |                  2 | On Loan: No      |
| INDIKA ENERGY CAPITAL IV                        | Indika Energy Capital IV Pte Ltd                    | CUSIP: 000000000<br>LEI: 254900LQ197HY24XVH34 | Long             | DBT              | CORP              | SG        |      900000 | PA      | $875250.00    | 1.23%             | 2025-10-22      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| CREDIT SUISSE FIRST BOSTON MORTGAGE CAPITAL LLC | CREDIT SUISSE                                       | CUSIP: 000000000<br>LEI: 5493001KFROXQS5VBZ89 | Short            | RA               | CORP              | US        |     -152774 | PA      | $-152774.08   | -0.21%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION       | JP Morgan                                           | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | Short            | RA               | CORP              | US        |    -1508729 | PA      | $-1508728.75  | -2.12%            |  |  |  | No            |                  2 | On Loan: No      |
| CREDIT SUISSE FIRST BOSTON MORTGAGE CAPITAL LLC | CREDIT SUISSE                                       | CUSIP: 000000000<br>LEI: 5493001KFROXQS5VBZ89 | Short            | RA               | CORP              | US        |     -940553 | PA      | $-940553.48   | -1.32%            |  |  |  | No            |                  2 | On Loan: No      |
| CREDIT SUISSE FIRST BOSTON MORTGAGE CAPITAL LLC | CREDIT SUISSE                                       | CUSIP: 000000000<br>LEI: 5493001KFROXQS5VBZ89 | Short            | RA               | CORP              | US        |     -119563 | PA      | $-119563.34   | -0.17%            |  |  |  | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                             | Petroleos Mexicanos                                 | CUSIP: 71654QDD1<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |     3629000 | PA      | $2470260.30   | 3.46%             | 2050-01-23      | Fixed         | 7.69%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF NIGERIA                             | Nigeria Government International Bond               | CUSIP: 65412JAU7<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |      460000 | PA      | $381225.00    | 0.53%             | 2029-03-24      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SOUTH AFRICA                        | Republic of South Africa Government Bond            | CUSIP: 000000000<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |     2400000 | PA      | $87312.30     | 0.12%             | 2041-02-28      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, National Association       | BRL/USD FORWARD                                     | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              | CORP              | US        |           1 | NC      | $-142914.21   | -0.20%            |  |  |  | No            |                  2 | On Loan: No      |
| EMPRESAS PUBLIC MEDELLIN                        | Empresas Publicas de Medellin ESP                   | CUSIP: 000000000<br>LEI: 549300SU25TO8EMXB434 | Long             | DBT              | CORP              | CO        |  2700000000 | PA      | $492653.53    | 0.69%             | 2024-09-10      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| PETROLEOS DE VENEZUELA S                        | Petroleos de Venezuela SA                           | CUSIP: 000000000<br>LEI: 549300YWR8TN1OFD4P06 | Long             | DBT              | CORP              | VE        |     2550000 | PA      | $108375.00    | 0.15%             | 2026-11-15      | Fixed         | 6.00%                 | No            |                  3 | On Loan: No      |
| REPUBLIC OF NIGERIA                             | Nigeria Government International Bond               | CUSIP: 65412JAH6<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |      860000 | PA      | $597700.00    | 0.84%             | 2038-02-23      | Fixed         | 7.70%                 | No            |                  2 | On Loan: No      |
| LEBANESE REPUBLIC                               | Lebanon Government International Bond               | CUSIP: 000000000<br>LEI: 529900QPC4K9S1KHL354 | Long             | DBT              | NUSS              | LB        |      148000 | PA      | $8584.00      | 0.01%             | 2020-03-09      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| PETROLEOS DEL PERU SA                           | Petroleos del Peru SA                               | CUSIP: 000000000<br>LEI: 549300ZMGDLC9JT2OR80 | Long             | DBT              | CORP              | PE        |      225000 | PA      | $152716.50    | 0.21%             | 2047-06-19      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| LEBANESE REPUBLIC                               | Lebanon Government International Bond               | CUSIP: 000000000<br>LEI: 529900QPC4K9S1KHL354 | Long             | DBT              | NUSS              | LB        |     3217000 | PA      | $188998.75    | 0.26%             | 2022-10-04      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC.                 | CDS REPUBLIC OF ARGENTINA                           | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              | CORP              | US        |           1 | NC      | $-3941541.01  | -5.53%            |  |  |  | No            |                  2 | On Loan: No      |
| TUNISIAN REPUBLIC                               | Tunisian Republic                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | TN        |     1440000 | PA      | $1233704.14   | 1.73%             | 2024-02-17      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION       | JP Morgan                                           | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | Short            | RA               | CORP              | US        |     -839167 | PA      | $-839166.67   | -1.18%            |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF GABON                               | Gabon Government International Bond                 | CUSIP: 362420AC5<br>LEI: N/A                  | Long             | DBT              | NUSS              | GA        |     1248000 | PA      | $1218360.00   | 1.71%             | 2025-06-16      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| ARAB REPUBLIC OF EGYPT                          | Egypt Government International Bond                 | CUSIP: 03846JX54<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |      570000 | PA      | $428675.63    | 0.60%             | 2032-05-29      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC.                 | CDS REPUBLIC OF ARGENTINA                           | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              | CORP              | US        |           1 | NC      | $-3800771.69  | -5.33%            |  |  |  | No            |                  2 | On Loan: No      |
| MC BRAZIL DWNSTRM                               | MC Brazil Downstream Trading SARL                   | CUSIP: 55292WAA8<br>LEI: 213800T2A7R9TYNXZI63 | Long             | DBT              | CORP              | LU        |      570000 | PA      | $470250.00    | 0.66%             | 2031-06-30      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ZAMBIA                              | Zambia Government International Bond                | CUSIP: 988895AF5<br>LEI: 213800DMLAZ6LGMMD849 | Long             | DBT              | NUSS              | ZM        |      865000 | PA      | $393575.00    | 0.55%             | 2027-07-30      | Fixed         | 8.97%                 | No            |                  2 | On Loan: No      |
| CREDIT SUISSE FIRST BOSTON MORTGAGE CAPITAL LLC | CREDIT SUISSE                                       | CUSIP: 000000000<br>LEI: 5493001KFROXQS5VBZ89 | Short            | RA               | CORP              | US        |     -362150 | PA      | $-362150.22   | -0.51%            |  |  |  | No            |                  2 | On Loan: No      |
| TULLOW OIL PLC                                  | Tullow Oil PLC                                      | CUSIP: 000000000<br>LEI: 2138003EYHWO75RKS857 | Long             | DBT              | CORP              | GB        |     1912000 | PA      | $1309720.00   | 1.84%             | 2025-03-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION       | JP Morgan                                           | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | Short            | RA               | CORP              | US        |    -2404578 | PA      | $-2404577.78  | -3.37%            |  |  |  | No            |                  2 | On Loan: No      |
| CREDIT SUISSE FIRST BOSTON MORTGAGE CAPITAL LLC | CREDIT SUISSE                                       | CUSIP: 000000000<br>LEI: 5493001KFROXQS5VBZ89 | Short            | RA               | CORP              | US        |     -420095 | PA      | $-420095.00   | -0.59%            |  |  |  | No            |                  2 | On Loan: No      |
| CREDIT SUISSE FIRST BOSTON MORTGAGE CAPITAL LLC | CREDIT SUISSE                                       | CUSIP: 000000000<br>LEI: 5493001KFROXQS5VBZ89 | Short            | RA               | CORP              | US        |     -916579 | PA      | $-916579.03   | -1.29%            |  |  |  | No            |                  2 | On Loan: No      |
| LEBANESE REPUBLIC                               | Lebanon Government International Bond               | CUSIP: 000000000<br>LEI: 529900QPC4K9S1KHL354 | Long             | DBT              | NUSS              | LB        |     5175000 | PA      | $313087.50    | 0.44%             | 2021-04-12      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF EL SALVADOR                         | El Salvador Government International Bond           | CUSIP: 000000000<br>LEI: 529900AKDMUSFSDOM949 | Long             | DBT              | NUSS              | SV        |      410000 | PA      | $172789.38    | 0.24%             | 2029-02-28      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| PNG GOVT INTL BOND                              | Papua New Guinea Government International Bond      | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | PG        |     1500000 | PA      | $1262625.00   | 1.77%             | 2028-10-04      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| ISLAMIC REP OF PAKISTAN                         | Pakistan Government International Bond              | CUSIP: 695847AS2<br>LEI: 529900LOP29R5WKHOD86 | Long             | DBT              | NUSS              | PK        |     2211000 | PA      | $906753.21    | 1.27%             | 2026-04-08      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION       | JP Morgan                                           | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | Short            | RA               | CORP              | US        |     -990188 | PA      | $-990188.44   | -1.39%            |  |  |  | No            |                  2 | On Loan: No      |
| CREDIT SUISSE FIRST BOSTON MORTGAGE CAPITAL LLC | CREDIT SUISSE                                       | CUSIP: 000000000<br>LEI: 5493001KFROXQS5VBZ89 | Short            | RA               | CORP              | US        |     -175978 | PA      | $-175977.85   | -0.25%            |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF VENEZUELA                           | Venezuela Government International Bond             | CUSIP: 000000000<br>LEI: 529900XM8PJTJK5OJI77 | Long             | DBT              | NUSS              | VE        |     2250000 | PA      | $185625.00    | 0.26%             | 2023-05-07      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| CREDIT SUISSE FIRST BOSTON MORTGAGE CAPITAL LLC | CREDIT SUISSE                                       | CUSIP: 000000000<br>LEI: 5493001KFROXQS5VBZ89 | Short            | RA               | CORP              | US        |    -1028896 | PA      | $-1028895.76  | -1.44%            |  |  |  | No            |                  2 | On Loan: No      |
| INDONESIA GOVERNMENT                            | Indonesia Treasury Bond                             | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        | 40300000000 | PA      | $2824317.45   | 3.96%             | 2039-04-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| CREDIT SUISSE FIRST BOSTON MORTGAGE CAPITAL LLC | CREDIT SUISSE                                       | CUSIP: 000000000<br>LEI: 5493001KFROXQS5VBZ89 | Short            | RA               | CORP              | US        |     -259136 | PA      | $-259135.58   | -0.36%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION       | JP Morgan                                           | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | Short            | RA               | CORP              | US        |     -233796 | PA      | $-233796.35   | -0.33%            |  |  |  | No            |                  2 | On Loan: No      |
| REP OF ANGOLA(AVENIR II)                        | Republic of Angola Via Avenir II BV                 | CUSIP: 000000000<br>LEI: 724500CRIYMKEWLTHZ15 | Long             | DBT              | CORP              | NL        |     5474462 | PA      | $5529206.15   | 7.75%             | 2023-07-01      | Floating      | 10.45%                | No            |                  2 | On Loan: No      |
| Republic of Iraq CLN                            | Republic of Iraq CLN                                | CUSIP: 000000000<br>LEI: 549300K1NZTY5QS1NO76 | Long             | DBT              | CORP              | KY        |    29962821 | PA      | $185105.96    | 0.26%             | 2028-01-06      | Variable      | 0.01%                 | No            |                  3 | On Loan: No      |
| THETA CAPITAL PTE LTD                           | Theta Capital Pte Ltd                               | CUSIP: 000000000<br>LEI: 2549003I5QVCGQHCYJ52 | Long             | DBT              | CORP              | SG        |     1550000 | PA      | $988415.63    | 1.39%             | 2026-10-31      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ZAMBIA                              | Zambia Government International Bond                | CUSIP: 988895AA6<br>LEI: 213800DMLAZ6LGMMD849 | Long             | DBT              | NUSS              | ZM        |      124000 | PA      | $52080.00     | 0.07%             | 2022-09-20      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| CREDIT SUISSE FIRST BOSTON MORTGAGE CAPITAL LLC | CREDIT SUISSE                                       | CUSIP: 000000000<br>LEI: 5493001KFROXQS5VBZ89 | Short            | RA               | CORP              | US        |     -984371 | PA      | $-984370.58   | -1.38%            |  |  |  | No            |                  2 | On Loan: No      |
| LEBANESE REPUBLIC                               | Lebanon Government International Bond               | CUSIP: 000000000<br>LEI: 529900QPC4K9S1KHL354 | Long             | DBT              | NUSS              | LB        |      377000 | PA      | $21866.00     | 0.03%             | 2031-04-22      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| REP OF ANGOLA(AVENIR IS)                        | Republic of Angola Via Avenir Issuer II Ireland DAC | CUSIP: 000000000<br>LEI: 635400VEZIQKZPR7KU35 | Long             | DBT              | NUSS              | IE        |     1427143 | PA      | $1293348.20   | 1.81%             | 2027-02-19      | Fixed         | 6.93%                 | No            |                  2 | On Loan: No      |
| Dreyfus Government Cash Management              | Dreyfus Government Cash Management                  | CUSIP: 262006208<br>LEI: 5493000Q69I5Q3QZIA91 | Long             | STIV             | RF                | US        |     6678400 | NS      | $6678400.27   | 9.36%             |  |  |  | No            |                  1 | On Loan: No      |
| CREDIT SUISSE FIRST BOSTON MORTGAGE CAPITAL LLC | CREDIT SUISSE                                       | CUSIP: 000000000<br>LEI: 5493001KFROXQS5VBZ89 | Short            | RA               | CORP              | US        |     -887171 | PA      | $-887170.70   | -1.24%            |  |  |  | No            |                  2 | On Loan: No      |
| WANDA PROPERTIES INTL                           | Wanda Properties International Co Ltd               | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | VG        |      600000 | PA      | $478237.50    | 0.67%             | 2024-01-29      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SENEGAL                             | Senegal Government International Bond               | CUSIP: 81720TAC9<br>LEI: 549300NP14ZLQGWIUZ97 | Long             | DBT              | NUSS              | SN        |      365000 | PA      | $303930.94    | 0.43%             | 2033-05-23      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| TUNISIAN REPUBLIC                               | Tunisian Republic                                   | CUSIP: 066716AH4<br>LEI: N/A                  | Long             | DBT              | NUSS              | TN        |     2010000 | PA      | $1462023.75   | 2.05%             | 2025-01-30      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| PT BAKRIE 0% 12/22/22                           | PT BAKRIE 0% 12/22/22                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | ID        | 27175847000 | PA      | $0.00         | 0.00%             | 2022-12-22      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| CREDIT SUISSE FIRST BOSTON MORTGAGE CAPITAL LLC | CREDIT SUISSE                                       | CUSIP: 000000000<br>LEI: 5493001KFROXQS5VBZ89 | Short            | RA               | CORP              | US        |    -1361540 | PA      | $-1361539.86  | -1.91%            |  |  |  | No            |                  2 | On Loan: No      |
| GRAN TIERRA ENERGY INC                          | Gran Tierra Energy Inc                              | CUSIP: 38502JAA9<br>LEI: 549300IH2S17MAIUCM32 | Long             | DBT              | CORP              | US        |     1410000 | PA      | $1135050.00   | 1.59%             | 2027-05-23      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| SIXSIGMA NETWORKS MEXICO                        | Sixsigma Networks Mexico SA de CV                   | CUSIP: 83006LAB9<br>LEI: 5493000VGOF3UCTUXW26 | Long             | DBT              | CORP              | MX        |     1541000 | PA      | $1336817.50   | 1.87%             | 2025-05-02      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| CREDIT SUISSE FIRST BOSTON MORTGAGE CAPITAL LLC | CREDIT SUISSE                                       | CUSIP: 000000000<br>LEI: 5493001KFROXQS5VBZ89 | Short            | RA               | CORP              | US        |     -544482 | PA      | $-544482.13   | -0.76%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, National Association       | MXN/USD FORWARD                                     | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              | CORP              | US        |           1 | NC      | $-29320.27    | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| VEDANTA RESOURCES                               | Vedanta Resources Finance II PLC                    | CUSIP: 92243XAE1<br>LEI: 8945002DGA3BBXO3N634 | Long             | DBT              | CORP              | GB        |     1253000 | PA      | $820715.00    | 1.15%             | 2025-03-11      | Fixed         | 8.95%                 | No            |                  2 | On Loan: No      |
| CREDIT SUISSE FIRST BOSTON MORTGAGE CAPITAL LLC | CREDIT SUISSE                                       | CUSIP: 000000000<br>LEI: 5493001KFROXQS5VBZ89 | Short            | RA               | CORP              | US        |     -525920 | PA      | $-525920.05   | -0.74%            |  |  |  | No            |                  2 | On Loan: No      |
| CREDIT SUISSE FIRST BOSTON MORTGAGE CAPITAL LLC | CREDIT SUISSE                                       | CUSIP: 000000000<br>LEI: 5493001KFROXQS5VBZ89 | Short            | RA               | CORP              | US        |    -3203764 | PA      | $-3203764.45  | -4.49%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION       | JP Morgan                                           | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | Short            | RA               | CORP              | US        |     -788878 | PA      | $-788877.78   | -1.11%            |  |  |  | No            |                  2 | On Loan: No      |
| REP OF ANGOLA(AVENIR II)                        | Republic of Angola Via Avenir II BV                 | CUSIP: 000000000<br>LEI: 724500CRIYMKEWLTHZ15 | Long             | DBT              | CORP              | NL        |      519000 | PA      | $513810.00    | 0.72%             | 2023-12-07      | Floating      | 6.61%                 | No            |                  2 | On Loan: No      |
| CREDIT SUISSE FIRST BOSTON MORTGAGE CAPITAL LLC | CREDIT SUISSE                                       | CUSIP: 000000000<br>LEI: 5493001KFROXQS5VBZ89 | Short            | RA               | CORP              | US        |     -399545 | PA      | $-399544.65   | -0.56%            |  |  |  | No            |                  2 | On Loan: No      |
| REPUBLIC OF GABON                               | Gabon Government International Bond                 | CUSIP: 362420AE1<br>LEI: N/A                  | Long             | DBT              | NUSS              | GA        |      135000 | PA      | $111147.19    | 0.16%             | 2031-11-24      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF COLOMBIA                            | Colombia Government International Bond              | CUSIP: 195325DP7<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |     1395000 | PA      | $1201443.75   | 1.68%             | 2029-03-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CREDIT SUISSE FIRST BOSTON MORTGAGE CAPITAL LLC | CREDIT SUISSE                                       | CUSIP: 000000000<br>LEI: 5493001KFROXQS5VBZ89 | Short            | RA               | CORP              | US        |    -1089221 | PA      | $-1089221.23  | -1.53%            |  |  |  | No            |                  2 | On Loan: No      |
| NOTA DO TESOURO NACIONAL                        | Brazil Notas do Tesouro Nacional Serie F            | CUSIP: 000000000<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    13210000 | PA      | $2412153.48   | 3.38%             | 2025-01-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| AYDEM YENILENEBILIR ENER                        | Aydem Yenilenebilir Enerji AS                       | CUSIP: 054644AA7<br>LEI: 9845009C50EDA74OA532 | Long             | DBT              | CORP              | TR        |      655000 | PA      | $510490.63    | 0.72%             | 2027-02-02      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF KENYA                               | Republic of Kenya Government International Bond     | CUSIP: 000000000<br>LEI: 549300VVURQQYU45PR87 | Long             | DBT              | NUSS              | KE        |     1025000 | PA      | $803343.75    | 1.13%             | 2048-02-28      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SOUTH AFRICA                        | Republic of South Africa Government Bond            | CUSIP: 000000000<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    36800000 | PA      | $1673882.51   | 2.35%             | 2048-02-28      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| CREDIT SUISSE FIRST BOSTON MORTGAGE CAPITAL LLC | CREDIT SUISSE                                       | CUSIP: 000000000<br>LEI: 5493001KFROXQS5VBZ89 | Short            | RA               | CORP              | US        |     -631306 | PA      | $-631306.16   | -0.89%            |  |  |  | No            |                  2 | On Loan: No      |
| CREDIT SUISSE FIRST BOSTON MORTGAGE CAPITAL LLC | CREDIT SUISSE                                       | CUSIP: 000000000<br>LEI: 5493001KFROXQS5VBZ89 | Short            | RA               | CORP              | US        |     -269621 | PA      | $-269620.84   | -0.38%            |  |  |  | No            |                  2 | On Loan: No      |
| ARAB REPUBLIC OF EGYPT                          | Egypt Government International Bond                 | CUSIP: 03846JX39<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |      731000 | PA      | $484287.50    | 0.68%             | 2059-11-20      | Fixed         | 8.15%                 | No            |                  2 | On Loan: No      |
| MONG DUONG FIN HLDGS BV                         | Mong Duong Finance Holdings BV                      | CUSIP: 60935DAA3<br>LEI: 549300995KGQFMWSV879 | Long             | DBT              | CORP              | NL        |      890000 | PA      | $756500.00    | 1.06%             | 2029-05-07      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| ARAB REPUBLIC OF EGYPT                          | Egypt Government International Bond                 | CUSIP: 03846JW89<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |     2775000 | PA      | $1852312.50   | 2.60%             | 2049-03-01      | Fixed         | 8.70%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF MOZAMBIQUE                          | Mozambique International Bond                       | CUSIP: 000000000<br>LEI: 213800759WLKYIKPER73 | Long             | DBT              | NUSS              | MZ        |     1531000 | PA      | $1146623.31   | 1.61%             | 2031-09-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| POINSETTIA FINANCE LTD                          | Poinsettia Finance Ltd                              | CUSIP: 000000000<br>LEI: 549300P2JTF5JKW10Z65 | Long             | DBT              | CORP              | KY        |    13877805 | PA      | $12025985.40  | 16.86%            | 2031-06-17      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| CREDIT SUISSE FIRST BOSTON MORTGAGE CAPITAL LLC | CREDIT SUISSE                                       | CUSIP: 000000000<br>LEI: 5493001KFROXQS5VBZ89 | Short            | RA               | CORP              | US        |     -359700 | PA      | $-359700.21   | -0.50%            |  |  |  | No            |                  2 | On Loan: No      |
| CREDIT SUISSE FIRST BOSTON MORTGAGE CAPITAL LLC | CREDIT SUISSE                                       | CUSIP: 000000000<br>LEI: 5493001KFROXQS5VBZ89 | Short            | RA               | CORP              | US        |     -377052 | PA      | $-377052.33   | -0.53%            |  |  |  | No            |                  2 | On Loan: No      |
| LEBANESE REPUBLIC                               | Lebanon Government International Bond               | CUSIP: 000000000<br>LEI: 529900QPC4K9S1KHL354 | Long             | DBT              | NUSS              | LB        |      848000 | PA      | $49184.00     | 0.07%             | 2023-05-26      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-24

**Name of Applicant:** Virtus Stone Harbor Emerging Markets Income Fund

**Signature:** Amy Hackett

**Name of Signer:** Amy Hackett

**Title:** Vice President and Assistant Treasurer