Harbor Convertible Securities Fund (HACSX)

Harbor Convertible Securities Fund (HACSX)

Class
Overview
Performance
Holdings
Investment Team
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Overview

Investment Team
Blue Cove logo
Benjamin Brodsky
Michael Harper
Benoy Thomas

Current Price

As of 1/5/2024

$10.28

Price (NAV)

--

NAV Daily Change ($)

--

NAV Daily Change (%)

-2.00%

NAV YTD Return

2.96%

Current 30-Day Sub. SEC Yield
disclaimer

2.60%

Current 30-Day Unsub. SEC Yield
disclaimer

3.00%

Effective 30-Day Sub. SEC Yield
disclaimer

2.63%

Effective 30-Day Unsub. SEC Yield
disclaimer

Fund Facts

As of 12/31/2023

5/1/2011

Inception Date

0.71

Net Expense Ratio
disclaimer

1.08

Gross Expense Ratio

$25.558

Total Fund Net Assets (million)
As of 12/31/2023

$13.245

Total Share Class Net Assets (million)
As of 12/31/2023

HACSX

Ticker

2034

Fund Number

Share Class:

Institutional Class

Performance

Total Returns

Month-End

3 Mo.

YTD Return

1 Yr.

3 Yr.

5 Yr.

10 Yr.

Since Fund Inception

Net Expense Ratio

Gross Expense Ratio

Convertible Securities Fund
7.55%
10.65%
10.65%
-1.31%
8.42%
5.74%
5.84%
0.71%disclaimer
1.08%
ICE BofA U.S. Convertible Bond Index
6.67%
12.87%
12.87%
-0.82%
11.93%
8.90%
9.01%
--
--
ICE BofA US Convertible Ex Mandatory Index
6.64%
13.77%
13.77%
-1.60%
12.22%
9.43%
9.52%
--
--

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.

Effective on March 1, 2023, the Funds benchmark has changed from ICE BofA U.S. Convertible Ex Mandatory to ICE BofA U.S. Convertible Bond Index.

The ICE BofA US Convertible Ex Mandatory Index is broadly representative of the U.S. convertible securities market, consisting of publicly traded issues, denominated in U.S. Dollars, of all credit qualities, and excluding mandatory (equity-linked) convertibles. This unmanaged index does not reflect fees and expenses and is not available for direct investment.

Chart

Record Date

Reinvest Date

Payable Date

Return of Capital Non Taxable Dist

Ordinary Income

Total Capital Gains

Short Term Capital Gains

Mid Term Capital Gains

Long Term Capital Gains

Total Distribution

Foreign Tax Credit

Reinvest Price

12/18/2023
12/19/2023
12/19/2023
0.00000
0.07130
0.00000
--
0.00000
--
0.07130
0.00000
10.44
9/28/2023
9/29/2023
9/29/2023
0.00000
0.10195
0.00000
--
0.00000
--
0.10195
0.00000
9.82
6/29/2023
6/30/2023
6/30/2023
0.00000
0.10299
0.00000
--
0.00000
--
0.10299
0.00000
10.20
3/30/2023
3/31/2023
3/31/2023
0.00000
0.06935
0.00000
--
0.00000
--
0.06935
0.00000
--
12/16/2022
12/19/2022
12/19/2022
0.00000
0.05852
0.00000
--
0.00000
--
0.05852
0.00000
9.86
9/28/2022
9/29/2022
9/29/2022
0.00000
0.01245
0.00000
--
0.00000
--
0.01245
0.00000
9.60
6/28/2022
6/29/2022
6/29/2022
0.00000
0.00426
0.00000
--
0.00000
--
0.00426
0.00000
9.82
3/29/2022
3/30/2022
3/30/2022
0.00000
0.00401
0.00000
--
0.00000
--
0.00401
0.00000
11.26
12/17/2021
12/20/2021
12/20/2021
0.00000
0.04683
1.61367
0.88695
0.00000
0.72672
1.66050
0.00000
11.43
6/28/2021
6/29/2021
6/29/2021
0.00000
0.00018
0.00000
0.00000
0.00000
0.00000
0.00018
0.00000
13.58
3/29/2021
3/30/2021
3/30/2021
0.00000
0.00303
0.00000
0.00000
0.00000
0.00000
0.00303
0.00000
13.14
12/16/2020
12/17/2020
12/17/2020
0.00000
0.07630
1.16446
0.90624
0.00000
0.25822
1.24076
0.00000
12.91
9/28/2020
9/29/2020
9/29/2020
0.00000
0.01202
0.00000
0.00000
0.00000
0.00000
0.01202
0.00000
12.40
6/26/2020
6/29/2020
6/29/2020
0.00000
0.01410
0.00000
0.00000
0.00000
0.00000
0.01410
0.00000
11.51
3/27/2020
3/30/2020
3/30/2020
0.00000
0.01694
0.00000
0.00000
0.00000
0.00000
0.01694
0.00000
9.46
12/13/2019
12/16/2019
12/16/2019
0.00000
0.03322
0.33300
0.21604
0.00000
0.11696
0.36622
0.00000
10.78
9/25/2019
9/26/2019
9/26/2019
0.00000
0.02118
0.00000
0.00000
0.00000
0.00000
0.02118
0.00000
10.71
6/26/2019
6/27/2019
6/27/2019
0.00000
0.02278
0.00000
0.00000
0.00000
0.00000
0.02278
0.00000
10.72
3/27/2019
3/28/2019
3/28/2019
0.00000
0.02241
0.00000
0.00000
0.00000
0.00000
0.02241
0.00000
10.40
12/14/2018
12/17/2018
12/17/2018
0.00000
0.10127
0.49150
0.36038
0.00000
0.13112
0.59277
0.00000
9.63
9/26/2018
9/27/2018
9/27/2018
0.00000
0.02124
0.00000
0.00000
0.00000
0.00000
0.02124
0.00000
10.97
6/27/2018
6/28/2018
6/28/2018
0.00000
0.02087
0.00000
0.00000
0.00000
0.00000
0.02087
0.00000
10.73
3/27/2018
3/28/2018
3/28/2018
0.00000
0.02058
0.00000
0.00000
0.00000
0.00000
0.02058
0.00000
10.35
12/15/2017
12/18/2017
12/18/2017
0.00000
0.02032
1.00209
1.00209
0.00000
0.00000
1.02241
0.00000
10.30
9/27/2017
9/28/2017
9/28/2017
0.00000
0.03795
0.00000
0.00000
0.00000
0.00000
0.03795
0.00000
11.14
6/28/2017
6/29/2017
6/29/2017
0.00000
0.03084
0.00000
0.00000
0.00000
0.00000
0.03084
0.00000
11.02
3/29/2017
3/30/2017
3/30/2017
0.00000
0.03770
0.00000
0.00000
0.00000
0.00000
0.03770
0.00000
10.83
12/16/2016
12/19/2016
12/19/2016
0.00000
0.06537
0.00000
0.00000
0.00000
0.00000
0.06537
0.00000
10.55
9/28/2016
9/29/2016
9/29/2016
0.00000
0.02344
0.00000
0.00000
0.00000
0.00000
0.02344
0.00000
10.64
6/28/2016
6/29/2016
6/29/2016
0.00000
0.02658
0.00000
0.00000
0.00000
0.00000
0.02658
0.00000
10.12
3/29/2016
3/30/2016
3/30/2016
0.00000
0.02476
0.00000
0.00000
0.00000
0.00000
0.02476
0.00000
9.95
12/16/2015
12/17/2015
12/17/2015
0.00000
0.14277
0.19480
0.00000
0.00000
0.19480
0.33757
0.00000
10.09
9/23/2015
9/24/2015
9/24/2015
0.00000
0.03180
0.00000
0.00000
0.00000
0.00000
0.03180
0.00000
10.61
6/26/2015
6/29/2015
6/29/2015
0.00000
0.03310
0.00000
0.00000
0.00000
0.00000
0.03310
0.00000
10.90
3/27/2015
3/30/2015
3/30/2015
0.00000
0.03480
0.00000
0.00000
0.00000
0.00000
0.03480
0.00000
10.87
12/17/2014
12/18/2014
12/18/2014
0.00000
0.11993
0.41866
0.07677
0.00000
0.34189
0.53859
0.00000
10.47
9/24/2014
9/25/2014
9/25/2014
0.00000
0.03767
0.00000
0.00000
0.00000
0.00000
0.03767
0.00000
11.19
6/25/2014
6/26/2014
6/26/2014
0.00000
0.03245
0.00000
0.00000
0.00000
0.00000
0.03245
0.00000
11.48
3/26/2014
3/27/2014
3/27/2014
0.00000
0.03708
0.00000
0.00000
0.00000
0.00000
0.03708
0.00000
11.18
12/16/2013
12/17/2013
12/17/2013
0.00000
0.09841
0.10733
0.00000
0.00000
0.10733
0.20574
0.00000
10.77
9/25/2013
9/26/2013
9/26/2013
0.00000
0.04253
0.00000
0.00000
0.00000
0.00000
0.04253
0.00000
10.77
6/26/2013
6/27/2013
6/27/2013
0.00000
0.02907
0.00000
0.00000
0.00000
0.00000
0.02907
0.00000
10.38
3/27/2013
3/28/2013
3/28/2013
0.00000
0.03753
0.00000
0.00000
0.00000
0.00000
0.03753
0.00000
10.34
12/14/2012
12/17/2012
12/17/2012
0.00000
0.11512
0.00000
0.00000
0.00000
0.00000
0.11512
0.00000
9.99
9/26/2012
9/27/2012
9/27/2012
0.00000
0.04569
0.00000
0.00000
0.00000
0.00000
0.04569
0.00000
10.01
6/27/2012
6/28/2012
6/28/2012
0.00000
0.05481
0.00000
0.00000
0.00000
0.00000
0.05481
0.00000
9.63
3/28/2012
3/29/2012
3/29/2012
0.00000
0.05282
0.00000
0.00000
0.00000
0.00000
0.05282
0.00000
9.93
12/15/2011
12/16/2011
12/16/2011
0.00000
0.09077
0.00000
0.00000
0.00000
0.00000
0.09077
0.00000
9.23
9/28/2011
9/29/2011
9/29/2011
0.00000
0.03741
0.00000
0.00000
0.00000
0.00000
0.03741
0.00000
9.29
6/28/2011
6/29/2011
6/29/2011
0.00000
0.02286
0.00000
0.00000
0.00000
0.00000
0.02286
0.00000
9.84

Holdings

Portfolio Characteristics

As of 6/30/2023

119

Number of Bonds

1.82

Avg. Market Coupon (%)

Top 10 Holdings

Sorry, there is no data available for this section

This information should not be considered as a recommendation to purchase or sell a particular security. The weightings and holdings mentioned may change at any time and may not represent current or future investments.

Sorry, there is no data available for this section

Sorry, there is no data available for this section

As of 6/30/2023

Maturity

Convertible Securities Fund %

ICE BofA U.S. Convertible Bond Index %

0-1 yr
1.5
9.3
1-3 yr
48.6
44.7
3-5 yr
38.4
32.7
5-7 yr
4.7
6.9
7-10 yr
0.0
--
10-20 yr
0.0
0.3
20-30 yr
1.4
2.0
Over 30 yr
4.4
4.1

As of 6/30/2023

Duration

Convertible Securities Fund %

0-1 yr
2.8
1-3 yr
50.3
3-5 yr
35.8
5-7 yr
4.5
7-10 yr
0.0
10-20 yr
4.6
20-30 yr
1.0
Over 30 yr
0.0

Investment Team


Blue Cove logo

BlueCove Limited (“BlueCove”) is a scientific asset management firm founded in 2018 that brings together leading fixed income industry investment and engineering professionals. BlueCove was founded with the specific purpose of delivering strong investment outcomes for investors by researching and developing state-of-the-art scientific investment processes applicable to fixed income investment management.

Foreside Fund Services, LLC is the Distributor of the Harbor ETFs.

Learn More about BlueCove







Documents

Name

Date

File

Important Information

Effective on March 1, 2023, BlueCove Limited became investment subadviser to Harbor Convertible Securities Fund. In connection with this change, the Fund’s investment strategy and risk changed to reflect BlueCove’s approach to managing the Fund’s assets. Please see the Fund's Prospectus for additional 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.

All investments involve risk including the possible loss of principal. Fixed income securities fluctuate in price in response to various factors, including changes in interest rates, changes in market conditions and issuer-specific events, and the value of your investment in the Fund may go down. There is a greater risk that the Funds will lose money because they invest in below- investment grade fixed income securities and unrated securities of similar credit quality (commonly referred to as “high-yield securities” or “junk bonds”). These securities are considered speculative because they have a higher risk of issuer default, are subject to greater price volatility and may be illiquid. The market for convertible securities is less liquid than the market for non-convertible corporate bonds. There are limitations inherent in every quantitative model. The value of securities selected using quantitative analysis can react differently to issuer, political, market, and economic developments than the market as a whole or securities selected using only fundamental analysis. Because the Funds may invest in securities of foreign issuers, an investment in the Funds is subject to special risks in addition to those of U.S. securities. These risks include heightened political and economic risks, greater volatility, currency fluctuations, higher transaction costs, delayed settlement, possible foreign controls on investment, possible sanctions by government bodies of other countries and less stringent investor protection and disclosure standards of foreign markets.

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

Wtd. Avg. Convertible Price ($): the weighted average price of the underlying corporate securities in the Fund, usually preferred shares or bonds, that can be converted (exchanged) for a set number of other securities — usually common shares — at a given price.

BlueCove defines "scientific investing" as the structured investment process based on the testing of investment hypotheses using historical data, which utilizes proprietary quantitative models to produce investment recommendations as described in the Fund's Prospectus. BlueCove’s portfolio management team retains discretion with respect to all investment decisions.

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Harbor Funds Distributors, Inc. is the Distributor of the Harbor Mutual Funds.
Foreside Fund Services, LLC is the Distributor of the Harbor ETFs.
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Investing involves risk and the potential loss of capital.

Investors should carefully consider the investment objectives, risks, charges and expenses of a fund before investing. To obtain a summary prospectus or prospectus for this and other information, click here or call 800-422-1050. Read it carefully before investing.

All trademarks or product names mentioned herein are the property of their respective owners. Copyright © 2024 Harbor Capital Advisors, Inc. All rights reserved.