SHHYX Fees and Costs — Stone Harbor High Yield Bond Fund, Institutional Class
Data updated: 2022-04-29
The net expense ratio is 0.66%: a 0.50% management fee plus 0.38% other expenses, less a 0.22% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 94%.
SHHYX Fees and Expenses
Annual operating expenses and sales charges of SHHYX. Prospectus, as of September 30, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.38% |
| Gross expense ratio | 0.88% |
| Fee waiver | −0.22% |
| Net expense ratio | 0.66% |
| 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 |
SHHYX Costs Over Time
On $10,000 invested in SHHYX, assuming 5% a year before costs, total costs come to $416 over 5 years, cutting the return by 0.69% 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 0.66%) | $69 | $217 | $378 |
| Lost growth on money paid in costs | $0 | $11 | $38 |
| Total costs | $69 | $228 | $416 |
| Value after costs | $10,431 | $11,349 | $12,347 |
| Impact on return, per year | 0.69% | 0.69% | 0.69% |
SHHYX 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): $165.1M
- Portfolio turnover (prospectus): 94%
- Securities lending: none during the year
SHHYX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $18.9M | 15.63% |
| CITIGROUP GLOBAL MARKETS, INC | $18.3M | 15.12% |
| BOFA SECURITIES, INC. | $15.3M | 12.68% |
| BARCLAYS CAPITAL INC. | $14.6M | 12.07% |
| GOLDMAN SACHS & CO. LLC | $14.3M | 11.87% |
| MORGAN STANLEY | $14.1M | 11.66% |
| JEFFERIES LLC | $6.7M | 5.52% |
| RBC CAPITAL MARKETS, LLC | $6.5M | 5.39% |
| CREDIT SUISSE SECURITIES (USA) LLC | $6.2M | 5.10% |
| DEUTSCHE BANK SECURITIES INC. | $6.0M | 4.96% |
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.