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Name

As of 05/20/2021

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Stone Harbor Investment Grade Fund

SHIGX | Fund

$10.11

$10.6 M

1.78%

$0.24

1.97%

Vitals

YTD Return

-6.3%

1 yr return

3.5%

3 Yr Avg Return

5.1%

5 Yr Avg Return

3.2%

Net Assets

$10.6 M

Holdings in Top 10

44.6%

52 WEEK LOW AND HIGH

$10.1
$10.09
$11.20

Expenses

OPERATING FEES

Expense Ratio 1.97%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 54.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 05/20/2021

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Stone Harbor Investment Grade Fund

SHIGX | Fund

$10.11

$10.6 M

1.78%

$0.24

1.97%

SHIGX - Profile

Distributions

  • YTD Total Return -6.3%
  • 3 Yr Annualized Total Return 5.1%
  • 5 Yr Annualized Total Return 3.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.94%
DIVIDENDS
  • Dividend Yield 1.8%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Stone Harbor Investment Grade Fund
  • Fund Family Name
    Stone Harbor
  • Inception Date
    Dec 18, 2013
  • Shares Outstanding
    1001114
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Peter Wilby

Fund Description

SHIGX - Performance

Return Ranking - Trailing

Period SHIGX Return Category Return Low Category Return High Rank in Category (%)
YTD -6.3% -9.3% 94.4% 99.53%
1 Yr 3.5% -2.1% 29.7% 46.45%
3 Yr 5.1%* 0.6% 9.8% 61.45%
5 Yr 3.2%* 0.1% 7.9% 72.56%
10 Yr N/A* 1.2% 8.1% N/A

* Annualized

Return Ranking - Calendar

Period SHIGX Return Category Return Low Category Return High Rank in Category (%)
2023 2.3% -10.1% 1027.9% 81.92%
2022 6.4% -2.6% 23.0% 24.47%
2021 -3.6% -12.9% 2.7% 62.02%
2020 1.3% -49.5% 14.3% 51.94%
2019 0.8% -49.3% 192.8% 37.63%

Total Return Ranking - Trailing

Period SHIGX Return Category Return Low Category Return High Rank in Category (%)
YTD -6.3% -9.3% 1370.2% 99.53%
1 Yr 3.5% -5.7% 29.7% 39.43%
3 Yr 5.1%* -0.6% 9.8% 53.51%
5 Yr 3.2%* -0.7% 7.9% 66.70%
10 Yr N/A* 1.2% 8.1% N/A

* Annualized

Total Return Ranking - Calendar

Period SHIGX Return Category Return Low Category Return High Rank in Category (%)
2023 2.3% -10.1% 1027.9% 81.92%
2022 6.4% -2.6% 23.0% 26.09%
2021 -3.6% -12.9% 3.9% 67.51%
2020 1.3% -6.0% 17.4% 63.13%
2019 0.8% -5.7% 204.3% 55.99%

NAV & Total Return History

SHIGX - Holdings

Concentration Analysis

SHIGX Category Low Category High SHIGX % Rank
Net Assets 10.6 M 3.16 M 304 B 98.99%
Number of Holdings 123 1 18596 92.71%
Net Assets in Top 10 4.66 M -1.19 B 43.2 B 95.76%
Weighting of Top 10 44.56% 3.3% 100.0% 22.63%

Top 10 Holdings

  1. Federal National Mortgage Association 3% 7.18%
  2. Federal National Mortgage Association 3% 7.15%
  3. Federal National Mortgage Association 3% 7.15%
  4. State Street Instl Liquid Reserves Prem 6.47%
  5. Federal National Mortgage Association 3% 6.22%
  6. Federal National Mortgage Association 3% 6.18%
  7. Federal National Mortgage Association 3% 6.14%
  8. Federal National Mortgage Association 3% 6.07%
  9. United States Treasury Notes 2% 6.05%
  10. Federal National Mortgage Association 3% 5.96%

Asset Allocation

Weighting Return Low Return High SHIGX % Rank
Bonds 		86.92% -60.31% 176.88% 90.60%
Cash 		12.12% -86.81% 172.92% 8.58%
Convertible Bonds 		0.95% 0.00% 20.83% 62.18%
Stocks 		0.00% -0.24% 69.36% 46.64%
Preferred Stocks 		0.00% 0.00% 86.98% 52.95%
Other 		0.00% -16.32% 21.96% 34.59%

Bond Sector Breakdown

Weighting Return Low Return High SHIGX % Rank
Corporate 		37.29% 0.00% 100.00% 34.23%
Cash & Equivalents 		27.64% 0.00% 56.37% 1.38%
Securitized 		20.59% 0.00% 98.16% 80.44%
Government 		14.48% 0.00% 72.73% 73.25%
Derivative 		0.00% 0.00% 23.70% 53.41%
Municipal 		0.00% 0.00% 100.00% 80.35%

Bond Geographic Breakdown

Weighting Return Low Return High SHIGX % Rank
US 		77.13% -60.58% 245.19% 75.37%
Non US 		9.79% -108.35% 44.24% 50.55%

SHIGX - Expenses

Operational Fees

SHIGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.97% 0.01% 19.93% 2.80%
Management Fee 0.35% 0.00% 0.85% 41.15%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.50% N/A

Sales Fees

SHIGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

SHIGX 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.

SHIGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 54.00% 4.00% 496.00% 22.27%

SHIGX - Distributions

Dividend Yield Analysis

SHIGX Category Low Category High SHIGX % Rank
Dividend Yield 1.78% 0.00% 2.72% 33.49%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

SHIGX Category Low Category High SHIGX % Rank
Net Income Ratio 1.94% -0.39% 11.28% 66.41%

Capital Gain Distribution Analysis

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

Distributions History

View More +

SHIGX - Fund Manager Analysis

Managers

Peter Wilby

Start Date

Tenure

Tenure Rank

Dec 18, 2013

7.37

7.4%

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.

Roger Lavan

Start Date

Tenure

Tenure Rank

Dec 18, 2013

7.37

7.4%

Roger joined the team in 1990. Prior to joining Stone Harbor, he served as a Managing Director and Senior Portfolio Manager responsible for US Governments, Mortgages and Asset-Backed Securities at Citigroup Asset Management. Roger served as an Investment Policy Committee Member at Salomon Brothers Asset Management and as a research analyst for Institutional Investment Grade Fixed Income for Salomon Brothers Inc. He is a member of the CFA Institute and the CFA Society New York. Roger attained a BS in Management from the State University of New York at Geneseo and an MBA from Fordham University.

David Scott

Start Date

Tenure

Tenure Rank

Dec 18, 2013

7.37

7.4%

David joined the team in 1994. Prior to joining Stone Harbor, David served as a Managing Director, Investment Policy Committee member and Head of the Traditional Investment Group responsible for the traditional bond product at Salomon Brothers Asset Management. Prior to his time with Salomon Brothers, David served as a Global Fixed Income Portfolio Manager at J.P. Morgan Investment Management. Earlier in his career, he served as a US Dollar Portfolio Manager at Mercury Asset Management and served as a Consultant Actuary for the Wyatt Company. David attained a BSc in Mathematics and Economics from Nottingham University, England.

David Torchia

Start Date

Tenure

Tenure Rank

Dec 18, 2013

7.37

7.4%

David joined the team in 1990. Prior to joining Stone Harbor, David served as Managing Director and Senior Portfolio Manager responsible for directing investment policy and strategy for all Investment Grade U.S. Fixed Income Portfolios at Citigroup Asset Management. David 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.

James Craige

Start Date

Tenure

Tenure Rank

Dec 31, 2018

2.33

2.3%

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 32.34 6.72 0.08

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