SHSIX: Stone Harbor Strategic Income Instl

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SHSIX Stone Harbor Strategic Income Instl

  • Fund
  • SHSIX
  • Price as of: Jan 16, 2020
  • $9.80
    - $0.00 - 0.00%

Profile

SHSIX - Profile

Vitals

  • YTD Return 0.5%
  • 3 Yr Annualized Return 0.4%
  • 5 Yr Annualized Return -0.3%
  • Net Assets $33.7 M
  • Holdings in Top 10 96.3%

52 WEEK LOW AND HIGH

$9.80
$9.41
$9.80

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.09%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 8.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000,000
  • IRA N/A

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Multisector Bond

Distributions

  • YTD Total Return 0.5%
  • 3 Yr Annualized Total Return 0.4%
  • 5 Yr Annualized Total Return -0.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.94%
DIVIDENDS
  • Dividend Yield 0.3%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Stone Harbor Strategic Income Fund Institutional Class
  • Fund Family Name
    Stone Harbor
  • Inception Date
    Dec 18, 2013
  • Shares Outstanding
    3453453
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    James Craige

Fund Description

The advisor is intended to provide broad exposure to global credit markets. The fund may invest in a broad variety of fixed income and other income producing securities and instruments, and will not be limited in terms of type of instrument, geography, credit rating or duration. It may invest directly in fixed income securities and in other instruments and transactions. The fund may invest in fixed income securities and derivative instruments rated below investment grade.


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Categories

Performance

SHSIX - Performance

Return Ranking - Trailing

Period SHSIX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.5% -2.4% 4.5% 57.56%
1 Yr 4.4% -36.6% 178.1% 66.48%
3 Yr 0.4%* -34.6% 40.6% 65.33%
5 Yr -0.3%* -34.3% 21.5% 66.93%
10 Yr N/A* -3.6% 7.2% N/A

* Annualized

Return Ranking - Calendar

Period SHSIX Return Category Return Low Category Return High Rank in Category (%)
2019 6.2% -35.1% 177.6% 41.50%
2018 -6.5% -48.0% 0.8% 62.11%
2017 2.2% -14.8% 11.2% 52.86%
2016 4.5% -11.2% 19.1% 26.50%
2015 -7.5% -51.1% 4.0% 79.18%

Total Return Ranking - Trailing

Period SHSIX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.5% -2.4% 4.5% 57.56%
1 Yr 4.4% -36.6% 178.1% 68.47%
3 Yr 0.4%* -34.6% 40.6% 79.33%
5 Yr -0.3%* -34.3% 22.2% 79.53%
10 Yr N/A* -3.6% 7.2% N/A

* Annualized

Total Return Ranking - Calendar

Period SHSIX Return Category Return Low Category Return High Rank in Category (%)
2019 6.2% -35.1% 177.6% 48.41%
2018 -6.5% -48.0% 4.8% 72.36%
2017 2.2% -14.8% 14.0% 70.03%
2016 4.5% -11.2% 22.5% 43.46%
2015 -7.5% -51.1% 4.0% 86.12%

NAV & Total Return History


Holdings

SHSIX - Holdings

Concentration Analysis

SHSIX Category Low Category High SHSIX % Rank
Net Assets 33.7 M 100 K 134 B 89.47%
Number of Holdings 29 6 7570 94.44%
Net Assets in Top 10 31.1 M -42.1 B 5.96 B 60.56%
Weighting of Top 10 96.25% 4.5% 410.5% 4.72%

Top 10 Holdings

  1. Stone Harbor Investment Grade Instl 33.54%
  2. Stone Harbor High Yield Bond Instl 30.29%
  3. Stone Harbor Emerging Mkts Debt Instl 20.55%
  4. Stone Harbor Emerg Mkts Corp Dbt Instl 5.29%
  5. Stone Harbor Local Markets Institutional 5.13%
  6. Cdx.Na.Hy.33 0.65%
  7. Itrx Eur Xover S30 5y 0.35%
  8. Cdx.Na.Em.32 0.24%
  9. Euro BUND Future Dec19 0.11%
  10. Cdx.Na.Ig.33 0.09%

Asset Allocation

Weighting Return Low Return High SHSIX % Rank
Bonds
87.97% 31.46% 157.00% 69.61%
Cash
11.50% -76.54% 46.21% 15.83%
Convertible Bonds
0.53% 0.00% 11.31% 64.72%
Stocks
0.00% -1.06% 22.96% 90.33%
Preferred Stocks
0.00% 0.00% 54.19% 90.83%
Other
0.00% -32.79% 26.24% 79.72%

Bond Sector Breakdown

Weighting Return Low Return High SHSIX % Rank
Corporate
45.80% 0.00% 96.88% 52.50%
Government
23.31% 0.00% 99.36% 34.72%
Cash & Equivalents
20.36% 0.28% 47.61% 11.94%
Securitized
8.04% 0.00% 98.45% 75.28%
Derivative
2.49% -1.18% 44.06% 27.22%
Municipal
0.00% 0.00% 36.36% 86.11%

Bond Geographic Breakdown

Weighting Return Low Return High SHSIX % Rank
US
57.09% 13.75% 140.38% 70.28%
Non US
30.88% -8.93% 74.05% 25.00%

Expenses

SHSIX - Expenses

Operational Fees

SHSIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.09% 0.00% 76.93% 57.23%
Management Fee 0.55% 0.00% 2.25% 43.80%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.50% N/A

Sales Fees

SHSIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

SHSIX 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.

SHSIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 8.00% 2.00% 899.00% 1.45%

Distributions

SHSIX - Distributions

Dividend Yield Analysis

SHSIX Category Low Category High SHSIX % Rank
Dividend Yield 0.31% 0.00% 6.32% 80.21%

Dividend Distribution Analysis

SHSIX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Monthly Monthly

Net Income Ratio Analysis

SHSIX Category Low Category High SHSIX % Rank
Net Income Ratio 3.94% 0.87% 10.10% 47.11%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

SHSIX - Fund Manager Analysis

Managers

James Craige


Start Date

Tenure

Tenure Rank

Dec 18, 2013

6.04

6.0%

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

Dec 18, 2013

6.04

6.0%

Wilby has served as, since December 2018, Co-Chief Investment Officer of Stone Harbor. From April 2006 to December 2018, Wilby was Chief Investment Officer of Stone Harbor. Prior to April 2006, Mr. Wilby was the Chief Investment Officer of North American Fixed Income and senior portfolio manager responsible for directing investment policy and strategy for all emerging markets and high yield fixed income portfolios at Citigroup Asset Management. Wilby holds the Chartered Financial Analyst designation. Wilby began business career in 1980.

Roger Lavan


Start Date

Tenure

Tenure Rank

Dec 18, 2013

6.04

6.0%

Roger M. Lavan, CFA Since April 2006, Portfolio Manager of Stone Harbor; Prior to April 2006, Managing Director and senior portfolio manager responsible for U.S. governments, mortgages and asset-backed securities at Salomon Brothers Asset Management Inc. since 1990; Began business career in 1985.

David Torchia


Start Date

Tenure

Tenure Rank

Dec 18, 2013

6.04

6.0%

David Torchia, Portfolio Manager of Stone Harbor Investment Partners LP . Prior to joining Stone Harbor in April 2006, Mr. Torchia served as Managing Director and Senior Portfolio Manager responsible for directing investment policy and strategy for all Investment Grade US Fixed Income Portfolios at Citigroup Asset Management. Mr. Torchia served as an Investment Policy Committee Member at Salomon Brothers Asset Management and as a Manager of Structured Portfolios for the Bond Portfolio Analysis Group at Salomon Brothers Inc. He attained a BS in Industrial Engineering from the University of Pittsburgh and an MBA in Finance from Lehigh University.

David Scott


Start Date

Tenure

Tenure Rank

Dec 18, 2013

6.04

6.0%

David Scott, Portfolio Manager of Stone Harbor Investment Partners LP since April 2006. Prior to April 2006, Managing Director of portfolio management, Investment Policy Committee member and Head of the Traditional Investment Group responsible at Salomon Brothers Asset Management Limited; Joined Salomon Brothers Asset Management Limited in 1983. Previously, he spent four years as a senior portfolio manager with J.P. Morgan Investment Management, and three years as a senior portfolio manager with Mercury Asset Management. From 1983 to 1987, Scott worked as an actuarial consultant.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 28.65 5.5 5.0