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Harbor Core Bond Fund
mutual fund
HCBRX
Payout Change
Pending
Price as of:
$8.74
-0.01
-0.11%
primary theme
U.S. Intermediate-Term Bond Duration
share class
HCBRX (Mutual Fund)
Harbor Core Bond Fund
Payout Change
Pending
Price as of:
$8.74
-0.01
-0.11%
primary theme
U.S. Intermediate-Term Bond Duration
share class
HCBRX (Mutual Fund)
Harbor Core Bond Fund
Payout Change
Pending
Price as of:
$8.74
-0.01
-0.11%
primary theme
U.S. Intermediate-Term Bond Duration
share class
Name
As of 12/31/2024Price
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
Vitals
YTD Return
0.0%
1 yr return
2.0%
3 Yr Avg Return
-2.3%
5 Yr Avg Return
0.0%
Net Assets
$208 M
Holdings in Top 10
24.4%
52 WEEK LOW AND HIGH
$8.8
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.36%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 47.00%
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 12/31/2024Price
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
HCBRX - Profile
Distributions
- YTD Total Return 0.0%
- 3 Yr Annualized Total Return -2.3%
- 5 Yr Annualized Total Return 0.0%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 1.77%
- Dividend Yield 6.5%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameHarbor Core Bond Fund
-
Fund Family NameHarbor
-
Inception DateJun 01, 2018
-
Shares OutstandingN/A
-
Share ClassR
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJames Gubitosi
Fund Description
The Fund invests primarily in investment-grade fixed income securities of issuers located in the U.S. 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 bonds, debt securities and other similar instruments issued by various public- or private-sector entities.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, and■Relative-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. For securitized bonds (such as mortgage-backed and asset-backed), the Subadvisor assesses factors such as issue sponsorship, structure, deal history, regulation, and liquidity. 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.At times, the Fund may invest a large percentage of its assets in investment-grade mortgage-backed and asset-backed securities.Credit Quality: The Fund invests primarily in investment-grade securities.Duration: The Fund’s average duration, as calculated by the Subadvisor, is normally equal to that of its benchmark, plus or minus 10%. 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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HCBRX - Performance
Return Ranking - Trailing
| Period | HCBRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 0.0% | -8.3% | 9.4% | 33.09% |
| 1 Yr | 2.0% | -8.3% | 9.7% | 46.47% |
| 3 Yr | -2.3%* | -11.0% | 27.6% | 36.74% |
| 5 Yr | 0.0%* | -7.6% | 58.2% | 40.32% |
| 10 Yr | N/A* | -3.1% | 73.7% | N/A |
* Annualized
Return Ranking - Calendar
| Period | HCBRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2024 | -2.6% | -16.2% | 8.1% | 54.62% |
| 2023 | 1.7% | -34.7% | 131.9% | 58.54% |
| 2022 | -15.9% | -28.1% | 1.1% | 50.22% |
| 2021 | -3.8% | -9.9% | 946.1% | 34.55% |
| 2020 | 4.3% | -2.3% | 316.5% | 65.64% |
Total Return Ranking - Trailing
| Period | HCBRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 0.0% | -8.3% | 9.4% | 33.09% |
| 1 Yr | 2.0% | -8.3% | 9.7% | 46.47% |
| 3 Yr | -2.3%* | -11.0% | 27.6% | 36.74% |
| 5 Yr | 0.0%* | -7.6% | 58.2% | 40.32% |
| 10 Yr | N/A* | -3.1% | 73.7% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | HCBRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2024 | 1.6% | -11.3% | 11.9% | 46.42% |
| 2023 | 5.8% | -32.2% | 131.9% | 53.38% |
| 2022 | -13.3% | -25.1% | 5.7% | 54.75% |
| 2021 | -1.6% | -3.5% | 1009.0% | 24.29% |
| 2020 | 9.1% | 1.1% | 21668.0% | 69.32% |
NAV & Total Return History
HCBRX - Holdings
Concentration Analysis
| HCBRX | Category Low | Category High | HCBRX % Rank | |
|---|---|---|---|---|
| Net Assets | 208 M | 2.9 M | 314 B | 81.04% |
| Number of Holdings | 483 | 1 | 17880 | 64.80% |
| Net Assets in Top 10 | 299 M | 1.59 M | 35.1 B | 55.97% |
| Weighting of Top 10 | 24.44% | 4.7% | 3984.6% | 45.15% |
Top 10 Holdings
- U.S. Treasury Bonds 5.14%
- U.S. Treasury Bonds 4.51%
- U.S. Treasury Notes 3.34%
- U.S. Treasury Bonds 3.02%
- U.S. Treasury Notes 2.60%
- U.S. Treasury Notes 1.80%
- U.S. Treasury Notes 1.40%
- U.S. Treasury Bonds 0.96%
- Freddie Mac Pool 0.84%
- U.S. Treasury Notes 0.81%
Asset Allocation
| Weighting | Return Low | Return High | HCBRX % Rank | |
|---|---|---|---|---|
| Bonds | 88.45% | 0.00% | 9231.88% | 77.51% |
| Other | 10.09% | -27.25% | 1695.17% | 24.40% |
| Cash | 1.46% | -54.51% | 237.69% | 67.29% |
| Convertible Bonds | 0.76% | 0.00% | 7.93% | 74.58% |
| Stocks | 0.00% | 0.00% | 99.98% | 80.52% |
| Preferred Stocks | 0.00% | 0.00% | 72.34% | 78.40% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | HCBRX % Rank | |
|---|---|---|---|---|
| Securitized | 47.28% | 0.00% | 98.40% | 14.75% |
| Corporate | 31.73% | 0.00% | 100.00% | 44.67% |
| Government | 17.56% | 0.00% | 86.23% | 70.50% |
| Municipal | 2.38% | 0.00% | 100.00% | 13.39% |
| Derivative | 0.00% | -6.56% | 43.84% | 47.98% |
| Cash & Equivalents | 0.00% | 0.00% | 237.69% | 96.78% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | HCBRX % Rank | |
|---|---|---|---|---|
| US | 88.45% | 0.00% | 9042.62% | 70.20% |
| Non US | 0.00% | 0.00% | 189.26% | 80.89% |
HCBRX - Expenses
Operational Fees
| HCBRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.36% | 0.01% | 39.64% | 87.15% |
| Management Fee | 0.23% | 0.00% | 1.76% | 12.80% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.01% | 0.50% | N/A |
Sales Fees
| HCBRX 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% | 4.00% | N/A |
Trading Fees
| HCBRX 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.
| HCBRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 47.00% | 2.00% | 493.39% | 16.75% |
HCBRX - Distributions
Dividend Yield Analysis
| HCBRX | Category Low | Category High | HCBRX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 6.50% | 0.00% | 10.11% | 41.35% |
Dividend Distribution Analysis
| HCBRX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Monthly | Quarterly | Monthly | Quarterly |
Net Income Ratio Analysis
| HCBRX | Category Low | Category High | HCBRX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.77% | -1.28% | 4.79% | 45.78% |
Capital Gain Distribution Analysis
| HCBRX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 20, 2024 | $0.047 | OrdinaryDividend |
| Nov 26, 2024 | $0.027 | OrdinaryDividend |
| Oct 30, 2024 | $0.033 | OrdinaryDividend |
| Sep 30, 2024 | $0.033 | OrdinaryDividend |
| Aug 30, 2024 | $0.032 | OrdinaryDividend |
| Jul 31, 2024 | $0.036 | OrdinaryDividend |
| Apr 30, 2024 | $0.035 | OrdinaryDividend |
| Mar 28, 2024 | $0.026 | OrdinaryDividend |
| Feb 29, 2024 | $0.021 | OrdinaryDividend |
| Jan 31, 2024 | $0.022 | OrdinaryDividend |
| Dec 19, 2023 | $0.048 | OrdinaryDividend |
| Nov 30, 2023 | $0.028 | OrdinaryDividend |
| Oct 30, 2023 | $0.029 | OrdinaryDividend |
| Sep 29, 2023 | $0.027 | OrdinaryDividend |
| Aug 31, 2023 | $0.029 | OrdinaryDividend |
| Jul 31, 2023 | $0.029 | OrdinaryDividend |
| Jun 30, 2023 | $0.028 | OrdinaryDividend |
| May 31, 2023 | $0.033 | OrdinaryDividend |
| Apr 28, 2023 | $0.026 | OrdinaryDividend |
| Mar 31, 2023 | $0.030 | OrdinaryDividend |
| Feb 28, 2023 | $0.024 | OrdinaryDividend |
| Jan 31, 2023 | $0.022 | OrdinaryDividend |
| Dec 19, 2022 | $0.072 | OrdinaryDividend |
| Nov 29, 2022 | $0.022 | OrdinaryDividend |
| Oct 28, 2022 | $0.021 | OrdinaryDividend |
| Sep 29, 2022 | $0.020 | OrdinaryDividend |
| Aug 30, 2022 | $0.023 | OrdinaryDividend |
| Jul 28, 2022 | $0.019 | OrdinaryDividend |
| Jun 29, 2022 | $0.022 | OrdinaryDividend |
| May 26, 2022 | $0.022 | OrdinaryDividend |
| Apr 28, 2022 | $0.015 | OrdinaryDividend |
| Mar 30, 2022 | $0.021 | OrdinaryDividend |
| Feb 25, 2022 | $0.014 | OrdinaryDividend |
| Jan 28, 2022 | $0.013 | OrdinaryDividend |
| Dec 30, 2021 | $0.083 | OrdinaryDividend |
| Nov 29, 2021 | $0.012 | OrdinaryDividend |
| Oct 28, 2021 | $0.013 | OrdinaryDividend |
| Sep 29, 2021 | $0.013 | OrdinaryDividend |
| Aug 30, 2021 | $0.016 | OrdinaryDividend |
| Jul 29, 2021 | $0.015 | OrdinaryDividend |
| Jun 29, 2021 | $0.017 | OrdinaryDividend |
| May 27, 2021 | $0.014 | OrdinaryDividend |
| Apr 29, 2021 | $0.014 | OrdinaryDividend |
| Mar 30, 2021 | $0.039 | OrdinaryDividend |
| Dec 17, 2020 | $0.085 | OrdinaryDividend |
| Dec 17, 2020 | $0.082 | CapitalGainShortTerm |
| Dec 17, 2020 | $0.142 | CapitalGainLongTerm |
| Sep 29, 2020 | $0.059 | OrdinaryDividend |
| Jun 29, 2020 | $0.060 | OrdinaryDividend |
| Mar 30, 2020 | $0.064 | OrdinaryDividend |
| Dec 16, 2019 | $0.093 | OrdinaryDividend |
| Dec 16, 2019 | $0.019 | CapitalGainShortTerm |
| Dec 16, 2019 | $0.053 | CapitalGainLongTerm |
| Sep 26, 2019 | $0.073 | OrdinaryDividend |
| Mar 28, 2019 | $0.064 | OrdinaryDividend |
| Dec 17, 2018 | $0.089 | OrdinaryDividend |
| Jun 28, 2018 | $0.019 | OrdinaryDividend |
HCBRX - Fund Manager Analysis
Managers
James Gubitosi
Start Date
Tenure
Tenure Rank
Jun 01, 2018
4.0
4.0%
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).
William O'Malley
Start Date
Tenure
Tenure Rank
Jun 01, 2018
4.0
4.0%
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).
Rachel Campbell
Start Date
Tenure
Tenure Rank
Dec 31, 2018
3.42
3.4%
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.
Matt Walker
Start Date
Tenure
Tenure Rank
Dec 31, 2018
3.42
3.4%
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
Jan 01, 2021
1.41
1.4%
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).
Bill O'Neill
Start Date
Tenure
Tenure Rank
Jan 01, 2021
1.41
1.4%
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).
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 33.43 | 6.77 | 1.16 |
