SHMDX: Stone Harbor Emerging Markets Debt Fund - MutualFunds.com
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Trending ETFs

Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$9.89

-

3.84%

$0.44

0.72%

Vitals

YTD Return

-2.3%

1 yr return

6.0%

3 Yr Avg Return

7.3%

5 Yr Avg Return

4.2%

Net Assets

$1.46 B

Holdings in Top 10

14.8%

52 WEEK LOW AND HIGH

$9.90
$9.54
$10.18

Expenses

OPERATING FEES

Expense Ratio 0.72%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 106.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund

Investment Style

Emerging Markets Bond


Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$9.89

-

3.84%

$0.44

0.72%

SHMDX - Profile

Distributions

  • YTD Total Return -2.3%
  • 3 Yr Annualized Total Return 7.3%
  • 5 Yr Annualized Total Return 4.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 5.18%
DIVIDENDS
  • Dividend Yield 3.8%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Stone Harbor Emerging Markets Debt Fund
  • Fund Family Name
    Stone Harbor
  • Inception Date
    Aug 16, 2007
  • Shares Outstanding
    146930920
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    James Craige

Fund Description

The fund normally will invest at least 80% of its net assets (plus any borrowings made for investment purposes) in Emerging Markets Fixed Income Securities. It may invest in securities of any credit rating (including unrated securities) and may invest without limit in higher risk, below-investment grade debt securities, commonly referred to as "high yield" securities or "junk bonds." The Adviser normally maintains an average portfolio duration of between 2 and 7 years. The fund is non-diversified.


SHMDX - Performance

Return Ranking - Trailing

Period SHMDX Return Category Return Low Category Return High Rank in Category (%)
YTD -2.3% -58.7% 15.1% 33.98%
1 Yr 6.0% -12.5% 17.9% 28.57%
3 Yr 7.3%* -3.4% 12.5% 20.51%
5 Yr 4.2%* -2.9% 8.5% 39.71%
10 Yr 4.5%* -2.6% 7.2% 33.53%

* Annualized

Return Ranking - Calendar

Period SHMDX Return Category Return Low Category Return High Rank in Category (%)
2020 1.3% -20.2% 99.4% 42.57%
2019 8.9% -9.9% 13.5% 31.88%
2018 -13.7% -31.2% 73.9% 91.13%
2017 4.9% -9.1% 14.2% 64.29%
2016 6.8% -9.2% 219.0% 31.37%

Total Return Ranking - Trailing

Period SHMDX Return Category Return Low Category Return High Rank in Category (%)
YTD -2.3% -58.7% 15.1% 33.98%
1 Yr 6.0% -13.3% 17.9% 24.73%
3 Yr 7.3%* -3.4% 12.5% 17.09%
5 Yr 4.2%* -2.9% 8.5% 35.88%
10 Yr 4.5%* -2.6% 7.0% 30.06%

* Annualized

Total Return Ranking - Calendar

Period SHMDX Return Category Return Low Category Return High Rank in Category (%)
2020 1.3% -20.2% 99.4% 42.57%
2019 8.9% -9.9% 17.3% 37.10%
2018 -13.7% -31.2% 0.7% 94.50%
2017 4.9% 0.0% 17.0% 75.32%
2016 6.8% -9.2% 242.1% 45.02%

NAV & Total Return History


SHMDX - Holdings

Concentration Analysis

SHMDX Category Low Category High SHMDX % Rank
Net Assets 1.46 B 67.1 K 21 B 18.62%
Number of Holdings 402 3 1630 20.54%
Net Assets in Top 10 213 M -113 M 1.59 B 14.32%
Weighting of Top 10 14.84% 0.8% 99.1% 69.38%

Top 10 Holdings

  1. Argentina (Republic of) 0.5% 2.58%
  2. 1MDB Global Investments, Ltd. 2.53%
  3. 1MDB Global Investments Ltd. 4.4% 2.47%
  4. Petroleos Mexicanos 7.69% 2.34%
  5. Republic of Argentina 2.08%
  6. State Street Instl Liquid Reserves Prem 1.95%
  7. Mexico (United Mexican States) 4.75% 1.42%
  8. Republic of Colombia 3.88% 1.36%
  9. Petroleos Mexicanos 7.69% 1.34%
  10. Qatar (State of) 5.1% 1.28%

Asset Allocation

Weighting Return Low Return High SHMDX % Rank
Bonds
95.49% 0.52% 134.13% 42.43%
Cash
3.02% -36.28% 101.56% 63.24%
Other
0.77% -2.27% 4.12% 8.11%
Stocks
0.40% -0.06% 0.76% 2.16%
Convertible Bonds
0.32% 0.00% 14.50% 41.62%
Preferred Stocks
0.00% 0.00% 0.00% 58.38%

Bond Sector Breakdown

Weighting Return Low Return High SHMDX % Rank
Government
72.65% 0.00% 99.71% 40.81%
Corporate
19.94% 0.00% 94.35% 45.68%
Cash & Equivalents
6.96% 0.00% 99.41% 42.70%
Derivative
0.32% 0.00% 64.62% 37.84%
Securitized
0.14% 0.00% 2.52% 8.11%
Municipal
0.00% 0.00% 0.00% 58.38%

Bond Geographic Breakdown

Weighting Return Low Return High SHMDX % Rank
Non US
94.51% 0.00% 152.63% 47.84%
US
0.98% -66.83% 22.62% 19.46%

SHMDX - Expenses

Operational Fees

SHMDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.72% 0.02% 3.87% 79.73%
Management Fee 0.60% 0.00% 1.50% 27.13%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.65% 50.00%

Sales Fees

SHMDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.75% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

SHMDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.75% 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.

SHMDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 106.00% 0.00% 302.00% 78.95%

SHMDX - Distributions

Dividend Yield Analysis

SHMDX Category Low Category High SHMDX % Rank
Dividend Yield 3.84% 0.00% 1.94% 60.64%

Dividend Distribution Analysis

SHMDX Category Low Category High Category Mod
Dividend Distribution Frequency None Annually Monthly Monthly

Net Income Ratio Analysis

SHMDX Category Low Category High SHMDX % Rank
Net Income Ratio 5.18% -2.36% 10.00% 19.34%

Capital Gain Distribution Analysis

SHMDX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Dividend Payout History

View More +

SHMDX - Fund Manager Analysis

Managers

James Craige


Start Date

Tenure

Tenure Rank

Aug 16, 2007

14.05

14.1%

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.

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.

David Oliver


Start Date

Tenure

Tenure Rank

Sep 29, 2008

12.93

12.9%

David joined the team in 2008. Prior to joining Stone Harbor, David served as a Managing Director for Sales and Trading in Emerging Markets Debt at Citigroup Global Markets. He is a member of the CFA Institute and the CFA Society New York. He attained a BA from Northwestern University, MA from the University of Delaware, and MBA from the Tuck School of Business at Dartmouth College.

William Perry


Start Date

Tenure

Tenure Rank

Sep 30, 2012

8.92

8.9%

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.

Kumaran Damodaran


Start Date

Tenure

Tenure Rank

Sep 30, 2015

5.92

5.9%

Kumaran joined the team in 2015. Prior to joining Stone Harbor, Kumaran served as the Lead Emerging Markets Macro Portfolio Manager at GLG Partners in London. Previously, he worked as an Executive Vice President and Emerging Markets Portfolio Manager at PIMCO in Newport Beach. Prior to PIMCO, Kumaran was a Senior Vice President and Trader in Latin American Local Market Rates at Lehman Brothers in New York. Additionally, he served as a Director at Credit Suisse where he held various positions in Emerging Markets Credit, Rates & Currency Derivatives Trading in both London and New York. As a Marshall Scholar and National Science Foundation Graduate Fellow at Cambridge University, Kumaran attained a PhD in Theoretical Physics. He also has an A.B. in Physics with a Certificate in Applied and Computational Mathematics from Princeton University.

Stuart Sclater-Booth


Start Date

Tenure

Tenure Rank

Sep 30, 2017

3.92

3.9%

Stuart joined the team in 2014. Prior to joining Stone Harbor, Stuart served as Managing Director/Head of Emerging Markets Desk Strategy at Goldman Sachs. Previously, Stuart served as Executive Director/Global Head of EM Macro Strategy at JP Morgan Chase Securities. While at JP Morgan Chase Securities, he also served in a series of roles, including Executive Director of Emerging Markets Proprietary Trading and Vice President/Head of Trade Strategy. Earlier in his career, Stuart was a Research Assistant in the U.S. Macro Research Department at PaineWebber and an Assistant Economist in the Domestic Research Department at the Federal Reserve Bank of New York. Stuart attained a BA in Economics from Vassar College and an MA in Economics from Boston University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 23.12 5.79 5.36