Stone Harbor Emerging Markets Total Income Fund (the Fund) is an open-end management investment company. The Company’s primary investment objective is to maximize total return. The Fund normally invest at least 80% of its net assets (plus any borrowings made for investment purposes) in emerging markets Fixed Income Securities. The Fund may invest all or a significant portion of its assets in Stone Harbor Investment Grade Fund, Stone Harbor High Yield Bond Fund, Stone Harbor Emerging Markets Debt Fund, Stone Harbor Local Markets Fund and Stone Harbor Emerging Markets Corporate Debt Fund and other funds. The Funds may also invest in unfunded loan commitments, which are contractual obligations for future funding and mortgage‐related and other asset‐backed securities.