ContactHarbor Core Plus Fund (HABDX)
1. HABDX: A disciplined, repeatable, and research-oriented approach to fixed income investing 2. HABDX: Attractive risk-adjusted returns with a straightforward approach 3. Bond-by-bond selection with HABDX
Harbor Core Plus Fund (HABDX)
1. HABDX: A disciplined, repeatable, and research-oriented approach to fixed income investing 2. HABDX: Attractive risk-adjusted returns with a straightforward approach 3. Bond-by-bond selection with HABDX
Why Invest Section
1. For advisors seeking fixed income products that aim to deliver principal preservation while maintaining similar levels of duration to the benchmark, HABDX presents a compelling investment opportunity. In leveraging its robust security selection process and the tenure of its investment team, the Fund aims to deliver quality risk-adjusted returns.
2. At IR&M, fixed income investing is the name of the game. The firm specializes exclusively in cash bond, fixed income investing with a narrow focus on investment grade and high-yield positions. It possesses the skills and flexibility to select issuers with the best credit profiles and the most appealing risk/reward characteristics.
3. Would your clients benefit from a complementary return stream in the fixed income space? HABDX’s disciplined, repeatable and research-oriented approach individually selects cash bonds in a straightforward approach that positions it as an attractive complement to more complex fixed income solutions that delve into derivatives and currencies, among others.
Overview: Objective & Investment Approach
Investment Objective: The Fund seeks total return.
Investment Approach: Core Plus uses a straightforward, bond-by-bond, value-oriented approach with cash bonds in targeting consistent performance, all at a low cost.
Related Products to Consider
Overview
Investment Team
As of 1/5/2024
As of 12/31/2023
“Our team comes in every day excited to build a diversified portfolio comprised of unique bond structures and attractive relative-value ideas. Sitting shoulder-to-shoulder, our portfolio managers, traders, and analysts work together to provide solid, consistent investment results within appropriate risk parameters."
Bill O'Malley
Chief Executive Officer, Co-Chief Investment Officer and Senior Portfolio Manager, Income Research + Management
Performance
3 Mo.
YTD Return
1 Yr.
3 Yr.
5 Yr.
10 Yr.
Since Fund Inception
Net Expense Ratio
Gross Expense Ratio
Effective on February 2, 2022, Income Research + Management (“IR+M”) replaced Pacific Investment Management Company, LLC (“PIMCO”) as investment subadviser to Harbor Bond Fund (the “Fund”). In connection with this change, the Fund was renamed “Harbor Core Plus Fund” and its investment strategy changed to reflect IR+M’s approach to managing the Fund’s assets. Performance prior to that date is not attributable to IR+M.
Performance data shown represents past performance and is no guarantee of future results. Past performance is net of management fees and expenses and reflects reinvested dividends and distributions. Past performance reflects the beneficial effect of any expense waivers or reimbursements, without which returns would have been lower. Investment returns and principal value will fluctuate and when redeemed may be worth more or less than their original cost. Returns for periods less than one year are not annualized. Current performance may be higher or lower and is available through the most recent month end at harborcapital.com or by calling 800-422-1050.
The Bloomberg US Aggregate Bond Index is an unmanaged index of investment-grade fixed-rate debt issues with maturities of at least one year. This unmanaged index does not reflect fees and expenses and is not available for direct investment.
Price History
Distribution History
Record Date
Reinvest Date
Payable Date
Return of Capital Non Taxable Dist
Ordinary Income
Total Capital Gains
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Total Distribution
Foreign Tax Credit
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Holdings
Full Holdings
Sorry, there is no data available for this section
Sector Allocation
As of 9/30/2023
Core Plus Fund (HBFRX)
Bloomberg US Aggregate Bond Index
Securitized
HBFRX: 48.6%
Benchmark: 28.8%
Credit
HBFRX: 31.6%
Benchmark: 28.0%
Government
HBFRX: 18.8%
Benchmark: 42.5%
Municipal
HBFRX: 0.4%
Benchmark: 0.6%
HBFRX: Core Plus Fund
Benchmark: Bloomberg US Aggregate Bond Index
Maturity Profile
As of 9/30/2023
Maturity
Core Plus Fund %
Bloomberg US Aggregate Bond Index %
Duration
As of 9/30/2023
Duration
Core Plus Fund %
Bloomberg US Aggregate Bond Index %
Investment Team
Income Research + Management is a privately-owned, independent, fixed income investment management firm that serves institutional and private clients. They believe that an open, collaborative culture promotes excellence from an investment team of high energy, curious individuals. IR+M’s investment philosophy and process are based on their belief that careful security selection and active risk management provide strong results over the long-term. By combining the capacity and technology of a larger firm with the culture and nimbleness of a boutique firm, the firm strives to provide exceptional service for their clients and a rewarding experience for their employees.
Documents
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Important Information
From time to time, certain fees and/or expenses have been voluntarily or contractually waived or reimbursed, which has resulted in higher returns. Without these waivers or reimbursements, the returns would have been lower. Voluntary waivers or reimbursements may be applied or discontinued at any time without notice. Only the Board of Trustees may modify or terminate contractual fee waivers or expense reimbursements.
As a result of changing market conditions, total net asset levels, expenses and other factors may change at any time during the current fiscal period and may differ from those shown.
There is no guarantee that the investment objective of the Fund will be achieved. Fixed income investments are affected by interest rate changes and the creditworthiness of the issues held by the Fund. As interest rates rise, the values of fixed income securities held by the Fund are likely to decrease and reduce the value of the Fund's portfolio. There may be a greater risk that the Fund could lose money due to prepayment and extension risks because the Fund invests, at times, in mortgage-related and/or asset backed securities.
Wtd. Avg. Market Coupon (%): the weighted average coupon rate of the underlying bonds in the Fund.
Wtd. Avg. Maturity (yrs): the weighted average length of time to the repayment of principal for the securities in the Fund. This metric considers the likelihood that bonds will be called or prepaid before the scheduled maturity date.
Wtd. Avg. Duration (yrs): the weight average duration of the underlying bonds or derivative market exposures in the Fund. Duration is a time measure of a bond's interest-rate sensitivity. The longer a fund's duration, the more sensitive the fund is to shifts in interest rates