C000093626 Fees and Costs — Stone Harbor Emerging Markets Corpoate Debt Fund, Institutional Class
Data updated: 2022-04-29
The net expense ratio is 1.01%: a 0.85% management fee plus 2.61% other expenses, less a 2.45% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 55%.
C000093626 Fees and Expenses
Annual operating expenses and sales charges of C000093626. Prospectus, as of September 30, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | 0.00% |
| Other expenses | 2.61% |
| Gross expense ratio | 3.46% |
| Fee waiver | −2.45% |
| 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 |
C000093626 Costs Over Time
On $10,000 invested in C000093626, 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% |
C000093626 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): $6.1M
- Portfolio turnover (prospectus): 55%
- Securities lending: none during the year
C000093626 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $1.3M | 28.46% |
| CITIGROUP GLOBAL MARKETS, INC | $951K | 20.40% |
| JEFFERIES LLC | $421K | 9.03% |
| MORGAN STANLEY | $341K | 7.32% |
| DEUTSCHE BANK SECURITIES INC. | $327K | 7.02% |
| BOFA SECURITIES, INC. | $318K | 6.82% |
| BARCLAYS CAPITAL INC. | $300K | 6.43% |
| HSBC SECURITIES (USA) INC. | $296K | 6.36% |
| GOLDMAN SACHS & CO. LLC | $209K | 4.48% |
| MARKETAXESS CORPORATION | $172K | 3.68% |
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.