C000089234 Fees and Costs — Stone Harbor Local Markets Fund, Institutional Class
Data updated: 2022-04-29
The net expense ratio is 1.01%: a 0.75% management fee plus 0.29% other expenses, less a 0.03% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 95%.
C000089234 Fees and Expenses
Annual operating expenses and sales charges of C000089234. Prospectus, as of September 30, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.29% |
| Gross expense ratio | 1.04% |
| Fee waiver | −0.03% |
| Net expense ratio | 1.01% |
| 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 | Yes |
| Waived fees subject to recoupment | Yes |
C000089234 Costs Over Time
On $10,000 invested in C000089234, assuming 5% a year before costs, total costs come to $632 over 5 years, cutting the return by 1.06% 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 1.01%) | $106 | $331 | $574 |
| Lost growth on money paid in costs | $0 | $16 | $58 |
| Total costs | $106 | $347 | $632 |
| Value after costs | $10,394 | $11,229 | $12,131 |
| Impact on return, per year | 1.06% | 1.06% | 1.06% |
C000089234 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): $507.4M
- Portfolio turnover (prospectus): 95%
- Securities lending: none during the year
C000089234 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $135.4M | 32.73% |
| GOLDMAN SACHS & CO. LLC | $75.1M | 18.15% |
| HSBC SECURITIES (USA) INC. | $31.7M | 7.65% |
| DEUTSCHE BANK SECURITIES INC. | $31.4M | 7.59% |
| ING FINANCIAL MARKETS LLC | $31.1M | 7.52% |
| CITIGROUP GLOBAL MARKETS, INC | $30.5M | 7.37% |
| SANTANDER SECURITIES LLC | $29.0M | 7.00% |
| STANDARD CHARTERED SECURITIES NORTH AMERICA LLC | $18.6M | 4.49% |
| BOFA SECURITIES, INC. | $16.2M | 3.91% |
| MORGAN STANLEY | $14.9M | 3.59% |
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.