SHIGX Fees and Costs — Stone Harbor Investment Grade Fund, Institutional Class
Data updated: 2021-04-28
The net expense ratio is 0.51%: a 0.35% management fee plus 1.62% other expenses, less a 1.46% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 54%.
SHIGX Fees and Expenses
Annual operating expenses and sales charges of SHIGX. Prospectus, as of September 30, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.35% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.62% |
| Gross expense ratio | 1.97% |
| Fee waiver | −1.46% |
| Net expense ratio | 0.51% |
| 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 |
SHIGX Costs Over Time
On $10,000 invested in SHIGX, assuming 5% a year before costs, total costs come to $322 over 5 years, cutting the return by 0.54% 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 0.51%) | $54 | $168 | $293 |
| Lost growth on money paid in costs | $0 | $8 | $29 |
| Total costs | $54 | $176 | $322 |
| Value after costs | $10,446 | $11,400 | $12,441 |
| Impact on return, per year | 0.54% | 0.54% | 0.54% |
SHIGX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending May 31, 2020.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $72.7M
- Portfolio turnover (prospectus): 54%
- Securities lending: none during the year
SHIGX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $20.9M | 32.34% |
| J.P. MORGAN SECURITIES LLC | $20.1M | 31.00% |
| CITIGROUP GLOBAL MARKETS, INC | $12.6M | 19.54% |
| CREDIT SUISSE SECURITIES (USA) LLC | $4.8M | 7.37% |
| BARCLAYS CAPITAL INC. | $3.8M | 5.80% |
| WELLS FARGO SECURITIES, LLC | $1.2M | 1.87% |
| SEAPORT GLOBAL SECURITIES LLC | $502K | 0.78% |
| GOLDMAN SACHS & CO. LLC | $377K | 0.58% |
| SUNBELT SECURITIES, INC. | $239K | 0.37% |
| COWEN AND COMPANY | $227K | 0.35% |
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.