Harbor Core Bond Fund Institutional Class (HACBX)

Fund Facts
Price (NAV) (06/20/2018) $9.96
Daily $ Change -$0.02 
Daily % Change -0.20% 
YTD Return (06/20/2018) -0.40%
Inception Date 06/01/2018
Net Expense Ratio 0.45%
Gross Expense Ratio 0.68%
Portfolio Manager
Income Research + Management
William A. O'Malley, CFA
James E. Gubitosi, CFA
Sarah M. Kilpatrick
Ticker HACBX
Fund Number 2043
CUSIP 411512239
Overview
Why Invest in Harbor Core Bond Fund?
  • Objective: To provide attractive, long-term returns by using rigorous security selection and risk management to invest in investment-grade, US fixed income securities.
  • The bottom-up security selection process seeks to add value by rotating between sectors based on relative values. 
  • The portfolio managers are aware of the benchmark, but are not constrained by it, taking the opportunities that the market offers.
  • Purchase and sell decisions focus on fundamental credit analysis, security structure and price relative to other opportunities.
  • The duration- and curve-neutral portfolio typically contains less than 200 securities, and is therefore more concentrated than many peers.

Why Does Harbor Use Income Research + Management to Subadvise the Fund?

  • IR+M is a privately-owned, independent, fixed income investment manager, with over 30 years experience serving private and institutional clients.
  • Their team-oriented investment decision-making process is disciplined, repeatable, and based on a core foundation of bottom-up research.
  • IR+M has a stable investment team with experience through several credit cycles
  • All members of IR+M's Management Committee and all senior portfolio managers have ownership in the firm and are dedicated to its success

Performance Summary Performance Details >

There is no data available yet for this new fund.

Growth of a Hypothetical $10,000 Investment

There is no data available yet for this new Fund.

Potential Risk & Return - Fixed Income Funds

Performance data shown represents past performance, which is no guarantee of future results. Current performance may be higher or lower than the past performance data shown. Investment returns and the value of an investment will fluctuate, and an investor's shares, when sold, may be worth more or less than their original cost. You can obtain performance data current to the most recent month-end (available within seven business days after the most recent month-end) by calling 800-422-1050 or visiting www.harborfunds.com.

The Harbor Funds performance shown assumes the reinvestment of dividend and capital gain distributions and is net of management fees and expenses. Returns for periods less than one year are not annualized.

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.

The Bloomberg Barclays U.S. 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.

©2017 Morningstar. All Rights Reserved. The information, data, analyses and opinions contained herein (1) include the confidential and proprietary information of Morningstar, (2) may include, or be derived from, account information provided by your financial advisor which cannot be verified by Morningstar, (3) may not be copied or redistributed, (4) do not constitute investment advice offered by Morningstar, (5) are provided solely for informational purposes and therefore are not an offer to buy or sell a security, and (6) are not warranted to be correct, complete or accurate. Except as otherwise required by law, Morningstar shall not be responsible for any trading decisions, damages or other losses resulting from, or related to, this information, data, analyses or opinions or their use. This report is supplemental sales literature. If applicable it must be preceded or accompanied by a prospectus, or equivalent, and disclosure statement.


Subject to an expense limitation agreement (excluding interest expense, if any) through February 29, 2020

Ex-Date. The date on which a Fund's net asset value (NAV) will fall by an amount equal to the dividend and/or capital gain distribution plus or minus any change in the value of the Fund's holdings.

Represents the average daily dividends for 30 days, assuming all dividends are reinvested, annualized by 365 days and divided by the net asset value per share at the end of the period. Does not reflect reimbursements or fee waivers currently in effect.

Represents the average daily dividends for 30 days, annualized by 365 days and divided by the net asset value per share at the end of the period. Does not reflect reimbursements or fee waivers currently in effect.

Represents the average daily dividends for 30 days, assuming all dividends are reinvested, annualized by 365 days and divided by the net asset value per share at the end of the period. Reflects reimbursements or fee waivers currently in effect.

Represents the average daily dividends for 30 days, annualized by 365 days and divided by the net asset value per share at the end of the period. Reflects reimbursements or fee waivers currently in effect.

The Adviser has contractually agreed to limit the Fund's operating expenses, excluding interest expense (if any), to 0.45% and 0.37% for the Institutional Class and Retirement Class, respectively, through February 29, 2020. Only the Fund's Board of Trustees may modify or terminate this agreement.

Based on estimates for the current fiscal year.

About Expense Ratios: All mutual funds have expense ratios which represent what shareholders pay for operating expenses and management fees. Expense ratios are expressed as an annualized percentage of a fund's average net assets paid out in expenses. Net expense ratios reflect adjustments due to voluntary or contractual fee waivers or expense reimbursements. Expense ratio information is as of the Fund's current prospectus, as revised and supplemented from time to time.