A blend of bond and stock characteristics from a credit specialist.
| Prospectus | Quarterly Report
A blend of bond and stock characteristics from a credit specialist.
| Prospectus | Quarterly Report
"There is no substitute for proprietary analytics in managing high yield assets."Mark Shenkman, President, Co-CIO and Director, Shenkman Capital Management, Inc..
As of 4/13/2021
Price (NAV) | $13.49 |
Daily Change ($) | $0.05 |
Daily Change (%) | 0.37% |
YTD Return | 3.47% |
Current 30-Day Sub. SEC Yield | -0.36% |
Current 30-Day Unsub. SEC Yield | -0.41% |
Effective 30-Day Sub. SEC Yield | -0.36% |
Effective 30-Day Unsub. SEC Yield | -0.41% |
Inception Date | 5/1/2011 |
Net Expense Ratio | 0.77% |
Gross Expense Ratio | 0.82% |
Total Net Assets (million) (As of 3/31/2021) | $140.854 |
Ticker | HACSX |
Fund Number | 2034 |
Share Class | Institutional |
Splunk Inc. | 1.7% |
Dish Network Corp. | 1.6% |
BioMarin Pharmaceutical Inc. | 1.4% |
Silicon Laboratories Inc. | 1.4% |
Draftkings Inc. | 1.3% |
j2 Global Inc. | 1.2% |
Liberty Media Corp. | 1.2% |
Ringcentral Inc. | 1.1% |
Nuvasive Inc. | 1.1% |
Live Nation Entertainment Inc. | 1.1% |
% of Total Holdings: | 13.1% |
As of 3/31/2021
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 harborfunds.com or by calling 800-422-1050.
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.
There is no guarantee that the investment objective of the Fund will be achieved. Convertible securities generally tend to be of lower credit quality and the value of a convertible security generally increases and decreases with the value of the underlying common stock, but may also be sensitive to changes in interest rates. As interest rates rise, the values of convertible securities held by the Fund are likely to decrease and reduce the value of the Fund's portfolio. Credit risk is higher for the Fund because it invests primarily in convertible securities of companies with debt rated below investment grade. High yield investing poses additional credit risk related to lower-rated bonds.
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.