SHHYX: Stone Harbor High Yield Bond Fund - MutualFunds.com
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Trending ETFs

Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$8.27

-

3.76%

$0.36

0.66%

Vitals

YTD Return

1.3%

1 yr return

8.9%

3 Yr Avg Return

6.4%

5 Yr Avg Return

5.6%

Net Assets

$107 M

Holdings in Top 10

15.2%

52 WEEK LOW AND HIGH

$8.25
$7.71
$8.30

Expenses

OPERATING FEES

Expense Ratio 0.66%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 94.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund

Investment Style

High Yield Bond


Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$8.27

-

3.76%

$0.36

0.66%

SHHYX - Profile

Distributions

  • YTD Total Return 1.3%
  • 3 Yr Annualized Total Return 6.4%
  • 5 Yr Annualized Total Return 5.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.76%
DIVIDENDS
  • Dividend Yield 3.8%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Stone Harbor High Yield Bond Fund
  • Fund Family Name
    Stone Harbor
  • Inception Date
    Aug 16, 2007
  • Shares Outstanding
    12964582
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Peter Wilby

Fund Description

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 rated below investment grade. The Adviser normally maintains an average portfolio duration of between 3 and 7 years. It may invest in securities of any duration and maturity.


SHHYX - Performance

Return Ranking - Trailing

Period SHHYX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.3% -69.1% 10.5% 45.58%
1 Yr 8.9% -16.2% 44.9% 59.56%
3 Yr 6.4%* -12.1% 17.4% 38.40%
5 Yr 5.6%* -5.6% 13.4% 56.95%
10 Yr 5.9%* 1.8% 10.9% 61.03%

* Annualized

Return Ranking - Calendar

Period SHHYX Return Category Return Low Category Return High Rank in Category (%)
2020 2.0% -75.1% 399.1% 14.79%
2019 7.2% -56.9% 226.1% 55.65%
2018 -7.9% -61.3% -0.4% 39.24%
2017 -1.0% -49.0% 18.8% 91.32%
2016 6.2% -25.2% 28.6% 74.82%

Total Return Ranking - Trailing

Period SHHYX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.3% -69.1% 10.5% 45.58%
1 Yr 8.9% -18.7% 52.4% 51.13%
3 Yr 6.4%* -12.1% 16.3% 35.17%
5 Yr 5.6%* -5.6% 12.7% 50.42%
10 Yr 5.9%* 1.8% 10.9% 55.56%

* Annualized

Total Return Ranking - Calendar

Period SHHYX Return Category Return Low Category Return High Rank in Category (%)
2020 2.0% -75.1% 399.1% 14.79%
2019 7.2% -56.9% 23.9% 60.09%
2018 -7.9% -61.3% 0.9% 49.55%
2017 -1.0% -49.0% 18.8% 92.82%
2016 6.2% -25.2% 39.0% 80.04%

NAV & Total Return History


SHHYX - Holdings

Concentration Analysis

SHHYX Category Low Category High SHHYX % Rank
Net Assets 107 M 2.66 M 30.1 B 81.74%
Number of Holdings 190 1 2534 73.76%
Net Assets in Top 10 15.1 M -557 M 4.07 B 71.27%
Weighting of Top 10 15.23% 3.0% 100.0% 36.97%

Top 10 Holdings

  1. CSC Holdings, LLC 7.5% 2.37%
  2. Occidental Petroleum Corporation 8.88% 2.28%
  3. State Street Instl Liquid Reserves Prem 1.90%
  4. Ford Motor Credit Company LLC 5.11% 1.47%
  5. Prime Securities Services Borrower, LLC and Prime Finance, Inc. 6.25% 1.43%
  6. T-Mobile US, Inc. 7.63% 1.37%
  7. Bombardier Inc. 6% 1.36%
  8. ALTICE FRANCE S.A 7.38% 1.33%
  9. Consolidated Communications, Inc. 6.5% 1.20%
  10. Targa Resources Partners LP/Targa Resources Finance Corporation 6.5% 1.18%

Asset Allocation

Weighting Return Low Return High SHHYX % Rank
Bonds
95.24% 0.00% 149.08% 36.07%
Cash
3.66% -46.64% 100.00% 37.69%
Convertible Bonds
1.10% 0.00% 19.02% 61.07%
Stocks
0.00% 0.00% 38.15% 81.47%
Preferred Stocks
0.00% 0.00% 13.89% 71.52%
Other
0.00% -53.57% 32.06% 56.97%

Bond Sector Breakdown

Weighting Return Low Return High SHHYX % Rank
Corporate
96.34% 0.00% 100.00% 37.98%
Cash & Equivalents
3.66% 0.00% 100.00% 45.21%
Derivative
0.00% 0.00% 46.55% 56.16%
Securitized
0.00% 0.00% 95.35% 67.75%
Municipal
0.00% 0.00% 11.44% 45.08%
Government
0.00% 0.00% 99.67% 60.52%

Bond Geographic Breakdown

Weighting Return Low Return High SHHYX % Rank
US
88.06% 0.00% 135.78% 9.70%
Non US
7.18% 0.00% 96.89% 87.56%

SHHYX - Expenses

Operational Fees

SHHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.66% 0.03% 4.79% 68.54%
Management Fee 0.50% 0.00% 1.84% 34.24%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.50% 32.76%

Sales Fees

SHHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 0.00% 5.50% N/A

Trading Fees

SHHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

SHHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 94.00% 0.00% 349.00% 74.75%

SHHYX - Distributions

Dividend Yield Analysis

SHHYX Category Low Category High SHHYX % Rank
Dividend Yield 3.76% 0.00% 34.04% 46.55%

Dividend Distribution Analysis

SHHYX Category Low Category High Category Mod
Dividend Distribution Frequency None Monthly Monthly Monthly

Net Income Ratio Analysis

SHHYX Category Low Category High SHHYX % Rank
Net Income Ratio 4.76% -2.17% 10.53% 57.10%

Capital Gain Distribution Analysis

SHHYX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually

Dividend Payout History

View More +

SHHYX - Fund Manager Analysis

Managers

Peter Wilby


Start Date

Tenure

Tenure Rank

Aug 16, 2007

14.05

14.1%

Peter founded the team in 1989. Prior to founding Stone Harbor in 2006, Peter was Chief Investment Officer of North American Fixed Income at Citigroup Asset Management, as well as a member of Citigroup Asset Management’s Executive Committee. Additionally, he served as Senior Portfolio Manager responsible for directing investment policy and strategy for all Emerging Markets Debt and High Yield portfolios. Peter was the Head of Fixed Income, a Senior Portfolio Manager for Emerging Markets Debt and High Yield, and a member of the Investment Policy Committee at Salomon Brothers Asset Management. Earlier in his career Peter was at Prudential Investment Co. where he was a Fixed Income Portfolio Manager specializing in High Yield Debt securities and also Director of the Credit Research Unit, responsible for all Corporate and Sovereign Credit Research. He began his career at Deloitte, Haskin & Sells where he served in the Audit and Tax Department. He is a Certified Public Accountant and member of the CFA Institute, the CFA Society New York, and the Council on Foreign Relations. He attained a BBA and MBA in Accounting from Pace University.

Daniel Berkery


Start Date

Tenure

Tenure Rank

Sep 30, 2010

10.93

10.9%

Daniel joined the team in 2010. Prior to joining Stone Harbor, Daniel served as an Executive Director and Portfolio Manager for the Convertible Bond Securities Fund at UBS O’Connor while managing small mid-cap long/short equity portfolios. Previously, he served as a Director and Portfolio Manager for Convertible Funds at Salomon Brothers Asset Management, as well as an Equity Analyst responsible for covering technology, telecommunications and media. Daniel is a member of the CFA Institute and the CFA Society New York. He attained an AB in American History from Harvard University.

Catherine Nolan


Start Date

Tenure

Tenure Rank

Sep 30, 2012

8.92

8.9%

Catherine joined the team in 2001. Prior to joining Stone Harbor, Catherine served as a Managing Director and Senior Analyst at Citigroup Asset Management evaluating bank loans and high yield securities and had research responsibilities for industrials, housing-related, technology, automotive and industrial services, and financial services industries. Prior to Citigroup, she served as a Managing Director and Senior High Yield Credit Analyst for Credit Suisse Asset Management/DLJ Asset Management. Additionally, Catherine served as an Associate Director and Senior High Yield Credit Analyst for Bear Stearns Asset Management. She began her career at Prudential Investment Co./The Prudential Insurance Company of America as a Fixed Income and Distressed Securities Analyst. Catherine attained a BA in Economics from the University of California-Berkeley and an MBA in Finance and Accounting from Columbia University.

James Craige


Start Date

Tenure

Tenure Rank

Dec 31, 2018

2.67

2.7%

James E. Craige, Since December 2018, Co-Chief Investment Officer of Stone Harbor; From April 2006 to December 2018, Portfolio Manager of Stone Harbor; Prior to April 2006, Managing Director and Senior Portfolio Manager for emerging markets debt portfolios at Salomon Brothers Asset Management Inc.; Joined Salomon Brothers Asset Management Inc. in 1992. Craige holds the Chartered Financial Analyst designation.

William Perry


Start Date

Tenure

Tenure Rank

Dec 31, 2018

2.67

2.7%

William joined the team in 2012. Prior to joining Stone Harbor, William served as an Emerging Markets Corporate Portfolio Manager at Morgan Stanley Investment Management. Prior to Morgan Stanley, William served as a Managing Director/Portfolio Manager in the Global Special Opportunities Group for Latin American Special Situations at JPMorgan/Chase. While at JPMorgan, he also served in a series of roles including Credit Risk Manager for the Global Head of Emerging Markets, Co-Head of Emerging Markets Corporate Research, and as a Vice President for Global Emerging Markets Debt Restructuring, and Latin American Capital Market. Prior to JPMorgan, William served as a Senior Associate in the Investment Banking Group at Bank of America Securities Inc. William began his career as an Associate in the Petroleum Division at Irving Trust Company. He attained a BA in International Relations and Economics from Colgate University and an MBA in Finance from the Columbia Business School.

Hunter Schwarz


Start Date

Tenure

Tenure Rank

Dec 31, 2018

2.67

2.7%

Hunter joined the team in 2003. Prior to joining Stone Harbor, Hunter served as a Fixed Income Trade Support Analyst for Citigroup Asset Management where he was responsible for evaluating high yield securities in the aerospace, defense, and healthcare industries. Prior to Citigroup Asset Management, Hunter served as an Associate in the Structured Products Group at Deutsche Bank. He attained a BS in Marketing from Lehigh University.

Matthew Kearns


Start Date

Tenure

Tenure Rank

Dec 31, 2018

2.67

2.7%

Matthew joined the team in 1997. Prior to joining Stone Harbor, Matthew served as an Analyst at Citigroup Asset Management evaluating corporate securities where he was responsible for covering the broadcasting, entertainment/leisure, towers, publishing, chemicals and utilities industries. He is a member of the CFA Institute and attained a BS in Economics and Political Science from Duke University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.06 37.05 6.82 2.17