SHSIX Fees and Costs — Stone Harbor Strategic Income Fund, Institutional Class
Data updated: 2022-04-29
The net expense ratio is 0.70% (1.76% before fee waivers). There are no sales loads or redemption fees. In fiscal 2021 the fund paid $4K in broker commissions, 0.0116% of average net assets, and portfolio turnover was 13%.
SHSIX Fees and Expenses
Annual operating expenses and sales charges of SHSIX. Prospectus, as of September 30, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.58% |
| Gross expense ratio | 1.76% |
| Fee waiver | −1.06% |
| Net expense ratio | 0.70% |
| 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 |
SHSIX Costs Over Time
On $10,000 invested in SHSIX, assuming 5% a year before costs, total costs come to $448 over 5 years, cutting the return by 0.75% 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 0.70%) | $74 | $230 | $400 |
| Trading costs (broker commissions) | $1 | $4 | $7 |
| Lost growth on money paid in costs | $0 | $12 | $41 |
| Total costs | $75 | $245 | $448 |
| Value after costs | $10,425 | $11,331 | $12,315 |
| Impact on return, per year | 0.75% | 0.75% | 0.75% |
SHSIX 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): 0.0116%
- Total broker commissions: $4K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 13%
- Securities lending: none during the year
SHSIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BARCLAYS CAPITAL INC. | $4K | 100.00% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.