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Trending ETFs

Name

As of 03/27/2024

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

Harbor Core Plus Fund

HBFRX | Fund

$10.14

$976 M

3.85%

$0.39

0.30%

Vitals

YTD Return

-0.1%

1 yr return

3.8%

3 Yr Avg Return

-1.7%

5 Yr Avg Return

1.1%

Net Assets

$976 M

Holdings in Top 10

17.2%

52 WEEK LOW AND HIGH

$10.1
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.30%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 370.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000,000

IRA

$1,000,000


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/27/2024

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

Harbor Core Plus Fund

HBFRX | Fund

$10.14

$976 M

3.85%

$0.39

0.30%

HBFRX - Profile

Distributions

  • YTD Total Return -0.1%
  • 3 Yr Annualized Total Return -1.7%
  • 5 Yr Annualized Total Return 1.1%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 2.63%
DIVIDENDS
  • Dividend Yield 3.8%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Harbor Core Plus Fund
  • Fund Family Name
    Harbor
  • Inception Date
    Jun 01, 2018
  • Shares Outstanding
    N/A
  • Share Class
    R
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    William O'Malley

Fund Description

The Fund invests primarily in U.S. dollar denominated fixed income securities. Under normal market conditions, the Fund invests at least 80% of its net assets, plus borrowings for investment purposes, in a diversified portfolio of fixed income instruments. Fixed income instruments include, but are not limited to: obligations issued or guaranteed by the U.S. Government, its agencies, or instrumentalities; corporate debt securities; municipal debt securities; U.S. dollar-denominated debt of foreign issuers; and securitized securities including mortgage-backed and asset-backed securities, which may also include non-agency mortgage-backed securities. These securities may have different types of interest rate payment and reset terms.The Subadvisor’s approach is grounded in detailed bottom-up research and emphasizes careful security selection through:Rigorous fundamental credit analysis of the issuer;A detailed review of the structural features of the security; andRelative-value comparisons to other opportunities.In order to be selected for the portfolio, a security must be attractive with respect to all three of these factors. If one factor deteriorates, the security becomes a candidate for sale.When forming an opinion on the creditworthiness of an issuer, the Subadvisor evaluates many factors, including financial performance, balance sheet strength, management quality, operating risk, market position, industry fundamentals, event risk, and economic sensitivity. The Subadvisor’s analysis also includes a detailed review of the underlying structural features of a bond, such as coupon type, redemption features, level of subordination, and collateral.The Subadvisor also evaluates issuers with respect to environmental, social and governance (“ESG”) factors and integrates consideration of these factors into its investment process. The key ESG considerations may vary depending on the industry, sector, geographic region or other factors and the core business of each issuer. The ESG criteria utilized by the Subadvisor is only one factor among others considered in the investment process.The Subadvisor believes that it is difficult to predict the timing, direction, and magnitude of future interest-rate changes. Therefore, duration management and yield-curve positioning are not part of the Fund’s strategy.The portfolio is constructed from the bottom up and is comprised of U.S. dollar-denominated securities. The Subadvisor sets sector allocations based on its views of relative values between sectors and opportunities at the security level. A comprehensive risk overlay also influences portfolio construction. The Subadvisor systematically measures and monitors the Fund’s key risk exposures. The overall aim of the portfolio construction process is to craft a portfolio of attractively priced securities (relative to other opportunities in the universe) that when combined together in a portfolio provide what the Subadvisor believes will be attractive expected return, reasonable risk exposures, and adequate liquidity. The Fund may invest up to 10% of its total assets in preferred stock and convertible securities.Credit Quality: The Fund invests primarily in investment-grade securities, but may invest up to 25% of its total assets in below investment-grade securities, commonly referred to as “high-yield” or “junk” bonds, as rated by Moody’s Investor Service, Inc., Standard & Poor’s Rating Services or Fitch, Inc., or, if unrated, as determined by the Fund’s Subadvisor.Duration: The Fund’s average duration, as calculated by the Subadvisor, is normally equal to that of its benchmark, plus or minus 0.5 years. The duration of the Bloomberg U.S. Aggregate Bond Index as of December 31, 2023 was 6.24 years. Average duration is a weighted average of all bond durations in the Fund’s portfolio, and is an approximate measure of the sensitivity of the market value of the Fund’s holdings to changes in interest rates. If the Fund’s duration is longer than the market’s duration, the Fund would be expected to experience a greater change in the value of its assets when interest rates are rising or falling than would the market as a whole.
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HBFRX - Performance

Return Ranking - Trailing

Period HBFRX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.1% -6.0% 3.9% 20.77%
1 Yr 3.8% -10.3% 16.1% 18.97%
3 Yr -1.7%* -10.4% 26.2% 13.40%
5 Yr 1.1%* -6.6% 191.4% 24.24%
10 Yr N/A* -2.4% 73.7% 30.46%

* Annualized

Return Ranking - Calendar

Period HBFRX Return Category Return Low Category Return High Rank in Category (%)
2023 2.2% -16.2% 8.1% 44.10%
2022 -15.9% -34.7% 131.9% 45.45%
2021 -3.7% -11.6% 4.4% 61.56%
2020 5.4% -10.1% 946.1% 24.34%
2019 5.0% -1.7% 156.4% 67.54%

Total Return Ranking - Trailing

Period HBFRX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.1% -6.0% 3.9% 20.77%
1 Yr 3.8% -10.3% 16.1% 18.97%
3 Yr -1.7%* -10.4% 26.2% 13.40%
5 Yr 1.1%* -6.6% 191.4% 24.24%
10 Yr N/A* -2.4% 73.7% 28.34%

* Annualized

Total Return Ranking - Calendar

Period HBFRX Return Category Return Low Category Return High Rank in Category (%)
2023 6.8% -11.3% 11.0% 23.39%
2022 -13.0% -32.2% 131.9% 29.35%
2021 -0.6% -9.4% 9.2% 34.00%
2020 9.0% -1.9% 1009.0% 34.50%
2019 7.7% 1.1% 21668.0% 79.04%

NAV & Total Return History


HBFRX - Holdings

Concentration Analysis

HBFRX Category Low Category High HBFRX % Rank
Net Assets 976 M 2.73 M 292 B 53.91%
Number of Holdings 680 1 17889 50.20%
Net Assets in Top 10 159 M -106 M 36.5 B 62.04%
Weighting of Top 10 17.16% 4.4% 134.1% 74.61%

Top 10 Holdings

  1. United States Treasury Note/Bond 4.63%
  2. United States Treasury Note/Bond 2.05%
  3. United States Treasury Note/Bond 1.82%
  4. United States Treasury Note/Bond 1.61%
  5. United States Treasury Note/Bond 1.39%
  6. United States Treasury Note/Bond 1.34%
  7. Fannie Mae Pool 1.13%
  8. Freddie Mac Pool 1.10%
  9. Fannie Mae Pool 1.05%
  10. Fannie Mae Pool 1.05%

Asset Allocation

Weighting Return Low Return High HBFRX % Rank
Bonds
87.04% 0.00% 215.98% 77.34%
Other
11.75% -13.23% 58.65% 22.99%
Cash
1.21% -54.51% 88.26% 75.64%
Convertible Bonds
1.18% 0.00% 7.93% 60.39%
Stocks
0.00% 0.00% 99.93% 48.83%
Preferred Stocks
0.00% 0.00% 74.68% 45.11%

Bond Sector Breakdown

Weighting Return Low Return High HBFRX % Rank
Securitized
48.70% 0.00% 98.40% 13.69%
Corporate
33.56% 0.00% 100.00% 41.67%
Government
15.34% 0.00% 86.23% 73.50%
Municipal
1.12% 0.00% 100.00% 25.02%
Derivative
0.00% -5.38% 58.65% 49.32%
Cash & Equivalents
0.00% 0.00% 88.06% 92.27%

Bond Geographic Breakdown

Weighting Return Low Return High HBFRX % Rank
US
87.04% 0.00% 215.98% 73.09%
Non US
0.00% 0.00% 39.04% 52.35%

HBFRX - Expenses

Operational Fees

HBFRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.30% 0.01% 39.10% 90.93%
Management Fee 0.25% 0.00% 1.76% 14.03%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.50% N/A

Sales Fees

HBFRX 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% 5.00% N/A

Trading Fees

HBFRX 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.

HBFRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 370.00% 2.00% 493.39% 88.13%

HBFRX - Distributions

Dividend Yield Analysis

HBFRX Category Low Category High HBFRX % Rank
Dividend Yield 3.85% 0.00% 9.75% 17.68%

Dividend Distribution Analysis

HBFRX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annual Monthly Monthly

Net Income Ratio Analysis

HBFRX Category Low Category High HBFRX % Rank
Net Income Ratio 2.63% -1.28% 4.79% 7.51%

Capital Gain Distribution Analysis

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

Distributions History

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HBFRX - Fund Manager Analysis

Managers

William O'Malley


Start Date

Tenure

Tenure Rank

Feb 02, 2022

0.32

0.3%

Bill joined IR+M in September 1994. Prior to IR+M, Bill was a Vice President at Wellington Management Company, LLP. Before joining Wellington in 1989, Bill worked at The Vanguard Group and in Morgan Stanley's Fixed Income Division. Bill has a BA from Amherst College (1984) and an MBA from The Wharton School of the University of Pennsylvania (1989).

Bill O'Neill


Start Date

Tenure

Tenure Rank

Feb 02, 2022

0.32

0.3%

Bill joined IR+M in July 2004. Prior to IR+M, he was a Trader at Investors Bank and Trust. Bill has a BSBA from the University of Rhode Island (2000) and an MBA from F.W. Olin Graduate School of Business, Babson College (2010).

James Gubitosi


Start Date

Tenure

Tenure Rank

Feb 02, 2022

0.32

0.3%

Jim joined IR+M in March 2007 and Mr. Gubitosi was previously an Analyst and Portfolio Manager with Income Research & Management (“IR+M”). Prior to IR+M, he was a Senior Analyst at Financial Architects Partners. Jim has a BSBA from Boston University School of Management (2004).

Matt Walker


Start Date

Tenure

Tenure Rank

Feb 02, 2022

0.32

0.3%

Matt joined IR+M in April 2007. Prior to IR+M, he was a Fixed Income Operations Representative at State Street Corporation. Matt has a BS from Boston University (2002) and an MBA from Sawyer Business School, Suffolk University (2009).

Jake Remley


Start Date

Tenure

Tenure Rank

Feb 02, 2022

0.32

0.3%

Jake joined IR+M in July 2005. Prior to IR+M, he was an associate with Lehman Brothers Holdings. Previously, he was a Senior Consultant at Whitelight Systems, Inc. Jake has a BSE from Princeton University (1995) and an MBA from the Kellogg School of Management at Northwestern University (2002).

Rachel Campbell


Start Date

Tenure

Tenure Rank

Feb 02, 2022

0.32

0.3%

Ms. Campbell joined IR+M in 2009 and is a Portfolio Manager and the Director of Securitized Research. Prior to joining IR+M, she was a Junior Risk Analyst at Cypress Tree Investment Management. Ms. Campbell began her investment career in 2006.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 33.43 6.82 1.16