SHHYX — Stone Harbor High Yield Bond Fund
Data updated: 2022-04-29
SHHYX — Stone Harbor High Yield Bond Fund. Corporate Bond · $105.57M AUM · 0.66% expense ratio. Holdings, fees, performance and SEC filings.
SHHYX Fund Overview
SHHYX — Stone Harbor High Yield Bond Fund is a US mutual fund managed by Stone Harbor Investment Funds, categorised as Corporate Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Stone Harbor Investment Funds
- Category: Corporate Bond
- Assets under management: $105.57M
- 1-year return: 0.1%
- Ticker: SHHYX
- SEC CIK: 0001391673
- SEC series ID: S000017756
- Share class ID: C000049026
SHHYX Investment Objective and Strategy
Stone Harbor High Yield Bond Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Stone Harbor Investment Funds.
Investment objective
The Fund seeks to maximize total return, which consists of income on its investments and capital appreciation.
Principal investment strategy
The Fund will normally invest at least 80% of its net assets (plus any borrowings made for investment purposes) in High Yield Debt Securities. High Yield Debt Securities include fixed income securities and derivative instruments (including, but not limited to, spot and currency contracts, futures, options and swaps) rated below investment grade (or, if unrated, of comparable quality as determined by the Adviser). These types of securities and instruments are commonly referred to as high yield securities or junk bonds and may include, among other things, bonds, debentures, notes, equipment trust certificates, commercial paper, commercial loans, preferred stock and other obligations of U.S. and non-U.S. issuers. High Yield Debt Securities also include securities or other instruments whose return is based on the return of high yield securities, including derivative instruments and instruments created to hedge or gain exposure to the high yield markets.
The Fund may invest in High Yield Debt Securities of any credit rating (including unrated securities). The Funds investments may include, among other things, asset-backed securities, depositary receipts, mortgage-related securities (including transferable private issuer mortgage-backed securities), non-publicly traded securities, payment-in-kind bonds, securities issued by supranational organizations, structured notes, convertible securities, inflation-protected and other index-linked securities, interest-only securities, step-up securities and zero coupon bonds. Although the Fund is not limited in the types of derivatives it can use, the Fund currently expects that its derivatives investments will consist primarily of the following instruments and transactions: futures, options, swaps, credit linked notes and credit default swaps.
The Fund may use derivatives to a significant extent. The Fund seeks capital appreciation through industry selection, sector selection and security selection. Maturity and Duration. The Adviser normally maintains an average portfolio duration of between 3 and 7 years. However, the Funds average duration may be outside this range, and the Fund may invest in securities of any duration and maturity.
SHHYX Performance
Total returns for SHHYX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 0.1% |
| 3 years (annualised) | 3.9% |
SHHYX Risk Information
Risk metrics for SHHYX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 4.6%
SHHYX Costs and Fees
SHHYX costs about $66 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.66%
- Gross expense ratio: 0.88%
- Portfolio turnover: 94%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
SHHYX Cashflows
Over the 12 months to 2022-02, Stone Harbor High Yield Bond Fund had net inflows of $15.41M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2022-02 | $3.02M |
| 2022-01 | −$1 |
| 2021-12 | $784.91K |
| 2021-11 | $1.30M |
| 2021-10 | $12 |
| 2021-09 | −$321.31K |
SHHYX Debt Constituents
No individual debt constituents are reported in Stone Harbor High Yield Bond Fund's latest SEC N-PORT filing.
SHHYX Prospectus and SEC Filings
Official Stone Harbor High Yield Bond Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2021-09-28
- Prospectus (485BPOS) — filed 2020-09-28
- Prospectus (485BPOS) — filed 2019-10-16
- Portfolio holdings (N-PORT) — filed 2022-04-29
- Portfolio holdings (N-PORT) — filed 2022-01-27
- Portfolio holdings (N-PORT) — filed 2021-10-28
- Annual census (N-CEN) — filed 2021-08-13
- Annual census (N-CEN) — filed 2020-08-12
Related Funds
Other Corporate Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.