C000049024 Fees and Costs — Stone Harbor Emerging Markets Debt Fund, Institutional Class
Data updated: 2022-04-29
The net expense ratio is 0.73%: a 0.60% management fee plus 0.13% other expenses. There are no sales loads or redemption fees. Portfolio turnover was 106%.
C000049024 Fees and Expenses
Annual operating expenses and sales charges of C000049024. Prospectus, as of September 30, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.13% |
| Gross expense ratio | 0.73% |
| Fee waiver | — |
| Net expense ratio | 0.73% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | Yes |
C000049024 Costs Over Time
On $10,000 invested in C000049024, assuming 5% a year before costs, total costs come to $459 over 5 years, cutting the return by 0.77% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.73%) | $77 | $240 | $417 |
| Lost growth on money paid in costs | $0 | $12 | $42 |
| Total costs | $77 | $252 | $459 |
| Value after costs | $10,423 | $11,325 | $12,304 |
| Impact on return, per year | 0.77% | 0.77% | 0.77% |
C000049024 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending May 31, 2021.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $2.5B
- Portfolio turnover (prospectus): 106%
- Securities lending: none during the year
C000049024 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CITIGROUP GLOBAL MARKETS, INC | $462.3M | 20.51% |
| GOLDMAN SACHS & CO. LLC | $336.4M | 14.92% |
| BARCLAYS CAPITAL INC. | $288.4M | 12.79% |
| J.P. MORGAN SECURITIES LLC | $286.6M | 12.71% |
| JEFFERIES LLC | $268.6M | 11.92% |
| HSBC SECURITIES (USA) INC. | $159.1M | 7.06% |
| BOFA SECURITIES, INC. | $145.9M | 6.47% |
| MORGAN STANLEY | $140.5M | 6.23% |
| BCP SECURITIES, LLC | $103.6M | 4.59% |
| LIQUIDITY FINANCE LP | $62.7M | 2.78% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.