Harbor Core Bond Fund (HACBX)
Overview
Current Price
as of 9/23/2022
NAV Price | $8.91 |
NAV Daily Change ($) | -$0.02 |
NAV Daily Change (%) | -0.22% |
NAV YTD Return | -13.77% |
Current 30-Day Sub. SEC Yield | 3.34%  |
Current 30-Day Unsub. SEC Yield | 3.20% |
Effective 30-Day Sub. SEC Yield | 3.39% |
Effective 30-Day Unsub. SEC Yield | 3.25% |
Fund Facts
Inception Date | 6/1/2018 |
Net Expense Ratio | 0.34% |
Gross Expense Ratio | 0.40% |
Total Net Assets (million) as of 8/31/2022 | $29.94 |
Ticker | HACBX |
Fund Number | 2043 |
Share Class | Institutional |
Top 10 Holdings
as of 6/30/2022
US TREASURY N/B 01/27 1.5 | 4.7% |
US TREASURY N/B 02/42 2.375 | 3.5% |
US TREASURY N/B 02/52 2.25 | 2.3% |
US TREASURY N/B 08/40 1.125 | 2.3% |
FED HM LN PC POOL ZA1195 FR 05/42 FIXED 3.5 | 2.0% |
FEDERAL NATIONAL MORTGAGE ASSOCIATION | 1.6% |
GNMA II POOL 785283 G2 01/51 FIXED 2.5 | 1.5% |
FED HM LN PC POOL SD0499 FR 08/50 FIXED 3 | 1.4% |
FNMA POOL FM8672 FN 11/46 FIXED VAR | 1.2% |
US TREASURY N/B 02/32 1.875 | 1.2% |
% of Total Holdings: | 21.7% |
“Our team comes in every day excited to build a diversified portfolio comprised of unique bond structures and attractive relative-value ideas. Sitting shoulder-to-shoulder, our portfolio managers, traders, and analysts work together to provide solid, consistent investment results within appropriate risk parameters."
Bill O'Malley
Chief Executive Officer, Co-Chief Investment Officer and Senior Portfolio Manager, Income Research + Management
Performance
Fund Name
3 Mo.
YTD Return
1 Yr.
3 Yr.
Since Inception
Net Expense Ratio
Gross Expense Ratio
Core Bond Fund
-1.78%
-10.87%
-11.88%
-1.71%
1.20%
0.34%
0.40%
Bloomberg US Aggregate Bond Index
-2.01%
-10.75%
-11.52%
-2.00%
0.99%
--
--
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.
The Bloomberg US 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.
Distribution History
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
8/29/2022
8/30/2022
8/30/2022
0.00000
0.02258
0.00000
--
0.00000
--
0.02258
0.00000
--
7/27/2022
7/28/2022
7/28/2022
0.00000
0.01869
0.00000
--
0.00000
--
0.01869
0.00000
--
6/28/2022
6/29/2022
6/29/2022
0.00000
0.02150
0.00000
--
0.00000
--
0.02150
0.00000
--
5/25/2022
5/26/2022
5/26/2022
0.00000
0.02077
0.00000
--
0.00000
--
0.02077
0.00000
--
4/27/2022
4/28/2022
4/28/2022
0.00000
0.01467
0.00000
--
0.00000
--
0.01467
0.00000
--
3/29/2022
3/30/2022
3/30/2022
0.00000
0.02048
0.00000
--
0.00000
--
0.02048
0.00000
--
2/24/2022
2/25/2022
2/25/2022
0.00000
0.01343
0.00000
--
0.00000
--
0.01343
0.00000
--
1/27/2022
1/28/2022
1/28/2022
0.00000
0.01204
0.00000
--
0.00000
--
0.01204
0.00000
--
12/29/2021
12/30/2021
12/30/2021
0.00000
0.08259
0.00000
--
0.00000
--
0.08259
0.00000
--
11/26/2021
11/29/2021
11/29/2021
--
0.01150
0.00000
--
--
--
--
--
10.59
10/27/2021
10/28/2021
10/28/2021
--
0.01266
0.00000
--
--
--
--
--
10.61
9/28/2021
9/29/2021
9/29/2021
0.00000
0.01190
0.00000
0.00000
0.00000
0.00000
0.01190
0.00000
10.63
8/27/2021
8/30/2021
8/30/2021
0.00000
0.01513
0.00000
0.00000
0.00000
0.00000
0.01513
0.00000
10.74
7/28/2021
7/29/2021
7/29/2021
0.00000
0.01466
0.00000
0.00000
0.00000
0.00000
0.01466
0.00000
10.76
6/28/2021
6/29/2021
6/29/2021
0.00000
0.01643
0.00000
0.00000
0.00000
0.00000
0.01643
0.00000
10.66
5/26/2021
5/27/2021
5/27/2021
0.00000
0.01370
0.00000
0.00000
0.00000
0.00000
0.01370
0.00000
10.60
4/28/2021
4/29/2021
4/29/2021
0.00000
0.01338
0.00000
0.00000
0.00000
0.00000
0.01338
0.00000
10.59
3/29/2021
3/30/2021
3/30/2021
0.00000
0.03671
0.00000
0.00000
0.00000
0.00000
0.03671
0.00000
10.53
12/16/2020
12/17/2020
12/17/2020
0.00000
0.08317
0.22475
0.08232
0.00000
0.14243
0.30792
0.00000
10.87
9/28/2020
9/29/2020
9/29/2020
0.00000
0.05629
0.00000
0.00000
0.00000
0.00000
0.05629
0.00000
11.13
6/26/2020
6/29/2020
6/29/2020
0.00000
0.05739
0.00000
0.00000
0.00000
0.00000
0.05739
0.00000
11.05
3/27/2020
3/30/2020
3/30/2020
0.00000
0.06157
0.00000
0.00000
0.00000
0.00000
0.06157
0.00000
10.61
12/13/2019
12/16/2019
12/16/2019
0.00000
0.09052
0.07274
0.01933
0.00000
0.05341
0.16326
0.00000
10.45
9/25/2019
9/26/2019
9/26/2019
0.00000
0.07084
0.00000
0.00000
0.00000
0.00000
0.07084
0.00000
10.59
6/26/2019
6/27/2019
6/27/2019
0.00000
0.07389
0.00000
0.00000
0.00000
0.00000
0.07389
0.00000
10.43
3/27/2019
3/28/2019
3/28/2019
0.00000
0.06214
0.00000
0.00000
0.00000
0.00000
0.06214
0.00000
10.21
12/14/2018
12/17/2018
12/17/2018
0.00000
0.08695
0.00000
0.00000
0.00000
0.00000
0.08695
0.00000
9.90
9/26/2018
9/27/2018
9/27/2018
0.00000
0.06675
0.00000
0.00000
0.00000
0.00000
0.06675
0.00000
9.92
6/27/2018
6/28/2018
6/28/2018
0.00000
0.01853
0.00000
0.00000
0.00000
0.00000
0.01853
0.00000
9.98
Holdings
Full Holdings
as of 6/30/2022
Company Name
Maturity Date
Coupon Rate (%)
Market Value ($000's)
% of Net Assets
US TREASURY N/B 01/27 1.5
1/31/2027
1.5
2,689
4.7
US TREASURY N/B 02/42 2.375
2/15/2042
2.4
2,013
3.5
US TREASURY N/B 02/52 2.25
2/15/2052
2.3
1,329
2.3
US TREASURY N/B 08/40 1.125
8/15/2040
1.1
1,292
2.3
FED HM LN PC POOL ZA1195 FR 05/42 FIXED 3.5
5/1/2042
3.5
1,116
2.0
FEDERAL NATIONAL MORTGAGE ASSOCIATION
8/1/2050
2.0
895
1.6
GNMA II POOL 785283 G2 01/51 FIXED 2.5
1/20/2051
2.5
863
1.5
FED HM LN PC POOL SD0499 FR 08/50 FIXED 3
8/1/2050
3.0
777
1.4
FNMA POOL FM8672 FN 11/46 FIXED VAR
11/1/2046
4.0
688
1.2
US TREASURY N/B 02/32 1.875
2/15/2032
1.9
679
1.2
United Airlines Pass-Through Trust
10/11/2027
4.0
630
1.1
New York State Urban Development Corp.
3/15/2039
5.8
602
1.1
BANK BANK 2021 BN36 A5
9/15/2064
2.5
595
1.0
Government National Mortgage Association
6/20/2045
4.5
540
0.9
AT&T Inc.
6/12/2024
4.0
506
0.9
FNMA POOL FM4622 FN 07/50 FIXED VAR
7/1/2050
3.0
491
0.9
Morgan Stanley MTN
7/27/2026
3.1
473
0.8
FNMA POOL FM8968 FN 04/48 FIXED VAR
4/1/2048
1.0
458
0.8
PSMC TRUST PSMC 2021 2 A3 144A
5/25/2051
2.5
453
0.8
PALMER SQUARE CLO LTD PLMRS 2013 2A A1A3 144A
10/17/2031
0.0
437
0.8
COMM MORTGAGE TRUST COMM 2014 UBS3 A3
6/10/2047
3.5
434
0.8
Progress Residential Trust
9/17/2036
2.3
425
0.7
SMALL BUSINESS ADMINISTRATION SBAP 2022 25E 1
5/1/2047
3.9
422
0.7
BX Commercial Mortgage Trust
10/15/2036
2.9
415
0.7
PEACEHEALTH OBLIGATED GR SR UNSECURED 11/25 1.375
11/15/2025
1.4
405
0.7
AIA GROUP LTD SR UNSECURED 144A 04/29 3.6
4/9/2029
3.6
404
0.7
FNMA POOL FM5721 FN 12/40 FIXED VAR
12/1/2040
3.0
403
0.7
CVS Pass-Through Trust
7/10/2031
8.4
392
0.7
BX TRUST BX 2021 VOLT A 144A
9/15/2036
0.8
389
0.7
State of California
4/1/2034
7.5
386
0.7
PALMER SQUARE LOAN FUNDING LTD PSTAT 2022 2A A1 144A
10/15/2030
0.0
384
0.7
Penske Truck Leasing Co. LP / Ptl Finance Corp.
2/1/2024
3.9
378
0.7
FNMA POOL CA6738 FN 08/50 FIXED 3
8/1/2050
3.0
374
0.7
Bank of America Corp. MTN
4/19/2026
3.5
371
0.6
Air Lease Corp.
7/3/2023
3.9
371
0.6
Charter Communications Operating LLC / Charter Communications Operating Capital
10/23/2035
6.4
371
0.6
BAE Systems Holdings Inc.
4/15/2030
3.4
366
0.6
AMSR TRUST AMSR 2021 SFR3 A 144A
10/17/2038
1.5
363
0.6
Sunoco Logistics Partners Operations LP
7/15/2026
3.9
361
0.6
FNMA POOL FM5767 FN 09/49 FIXED VAR
9/1/2049
1.0
355
0.6
JPMorgan Chase & Co.
7/23/2029
4.2
353
0.6
FEDERAL REALTY INVESTMEN SR UNSECURED 02/26 1.25
2/15/2026
1.3
352
0.6
U.S. Small Business Administration
7/1/2038
3.5
352
0.6
BENCHMARK MORTGAGE TRUST 06/54 2.391
6/15/2054
2.4
349
0.6
US TREASURY N/B 08/51 2
8/15/2051
2.0
349
0.6
DOMINOS PIZZA MASTER ISSUER LL DPABS 2021 1A A2I 144A
4/25/2051
2.7
345
0.6
FNMA POOL CA6097 FN 06/50 FIXED 3.5
6/1/2050
3.5
345
0.6
ALIGNED DATA CENTERS ISSUER LL ADC 2021 1A A2 144A
8/15/2046
1.9
341
0.6
General Motors Financial Co. Inc.
6/19/2023
4.2
334
0.6
FIRSTKEY HOMES 2020 SFR1 TRUST FKH 2020 SFR2 A 144A
10/19/2037
1.3
333
0.6
TACO BELL FUNDING, LLC BELL 2021 1A A2II 144A
8/25/2051
2.3
322
0.6
JPMDB COMMERCIAL MORTGAGE SECU JPMDB 2019 COR6 A4
11/13/2052
3.1
322
0.6
MACQUARIE GROUP LTD SR UNSECURED 144A 01/27 VAR
1/12/2027
1.3
320
0.6
Oracle Corp.
4/1/2025
2.5
317
0.6
Southern Co.
7/1/2026
3.3
316
0.6
OAK STREET INVESTMENT GRADE NE OAKIG 2020 1A A1 144A
11/20/2050
1.9
311
0.5
Citigroup Inc.
5/1/2026
3.4
311
0.5
NAVIENT STUDENT LOAN TRUST NAVSL 2021 BA A 144A
7/15/2069
0.9
306
0.5
Tricon American Homes Trust
7/17/2038
1.5
305
0.5
FLAGSTAR MORTGAGE TRUST FSMT 2021 8INV A3 144A
9/25/2051
2.5
299
0.5
Equitable Financial Life Global Funding
7/7/2025
1.4
299
0.5
UBS Group AG
4/15/2026
4.1
296
0.5
Liberty Mutual Group Inc.
2/1/2029
4.6
295
0.5
CAPITAL ONE MULTI ASSET 05/27 3.49
5/15/2027
3.5
292
0.5
FNMA POOL BR5632 FN 03/51 FIXED 2
3/1/2051
2.0
287
0.5
U.S. Treasury Inflation Index Notes
1/15/2030
0.1
287
0.5
Lloyds Banking Group plc
2/5/2026
2.4
284
0.5
CF Hippolyta Issuer LLC
7/15/2060
1.7
283
0.5
Government National Mortgage Association
8/20/2047
4.5
282
0.5
FNMA POOL BJ4564 FN 01/48 FIXED 4
1/1/2048
4.0
281
0.5
FNMA POOL FM6497 FN 03/51 FIXED VAR
3/1/2051
2.0
277
0.5
Exelon Corp.
6/15/2045
5.1
274
0.5
FHLMC MULTIFAMILY STRUCTURED P FHMS K140 A2
3/25/2054
2.3
274
0.5
FNMA POOL FM8922 FN 09/50 FIXED VAR
9/1/2050
4.5
273
0.5
FNMA POOL CA0623 FN 10/47 FIXED 4.5
10/1/2047
4.5
271
0.5
Aercap Ireland Capital Dac / Aercap Global Aviation Trust
7/3/2023
4.1
269
0.5
FERGUSON FINANCE PLC COMPANY GUAR 144A 06/30 3.25
6/2/2030
3.3
269
0.5
Fresb Mortgage Trust
2/25/2039
2.5
264
0.5
FREDDIE MAC SCRT SCRT 2021 1 MA
9/25/2060
2.0
255
0.4
Federal Home Loan Mortgage Corp.
2/1/2046
4.0
253
0.4
Anheuser-Busch Cos. LLC / Anheuser-Busch InBev Worldwide Inc.
2/1/2046
4.9
252
0.4
FNMA POOL FM4330 FN 10/50 FIXED VAR
10/1/2050
2.5
251
0.4
BOEING CO. SR UNSECURED 05/30 5.15
5/1/2030
5.2
249
0.4
HOME PARTNERS OF AMERICA TRUST HPA 2020 2 A 144A
1/17/2041
1.5
245
0.4
Delta Air Lines Pass-Through Trust
1/30/2029
3.6
245
0.4
JPMorgan Chase & Co.
3/24/2031
4.5
244
0.4
FNMA POOL FM7321 FN 04/49 FIXED VAR
4/1/2049
4.0
244
0.4
Ford Credit Auto Owner Trust
8/15/2031
2.0
239
0.4
DOMINION ENERGY INC SR UNSECURED 08/33 5.25
8/1/2033
5.3
238
0.4
COX COMMUNICATIONS INC.
10/1/2030
1.8
238
0.4
Commercial Mortgage Pass-Through Certificates
12/10/2047
3.5
236
0.4
Occidental Petroleum Corp.
10/10/2036
0.0
236
0.4
Ryder System Inc. MTN
3/18/2024
3.6
235
0.4
Federal National Mortgage Association
7/1/2047
4.5
233
0.4
U.S. Small Business Administration
8/1/2035
2.8
232
0.4
FED HM LN PC POOL RA1741 FR 11/49 FIXED 3.5
11/1/2049
3.5
231
0.4
Cigna Corp.
3/1/2027
3.4
231
0.4
Federal National Mortgage Association
5/1/2046
4.5
228
0.4
Federal Home Loan Mortgage Corp.
11/1/2043
3.0
228
0.4
Berkshire Hathaway Energy Co.
4/1/2036
6.1
227
0.4
U.S. Small Business Administration
2/1/2038
3.2
226
0.4
FNMA POOL BM6373 FN 04/47 FLOATING VAR
4/1/2047
2.7
226
0.4
ABBVIE INC.
5/14/2035
4.5
224
0.4
VANTAGE DATA CENTERS LLC VDC 2020 2A A2 144A
9/15/2045
2.0
219
0.4
Federal Home Loan Mortgage Corp.
6/1/2050
2.0
217
0.4
FNMA POOL CA5181 FN 02/50 FIXED 4.5
2/1/2050
4.5
212
0.4
SOUTHERN CO SR UNSECURED 07/36 4.25
7/1/2036
4.3
209
0.4
Goldman Sachs Group Inc.
3/15/2030
3.8
205
0.4
FED HM LN PC POOL QA8518 FR 04/50 FIXED 3
4/1/2050
3.0
203
0.4
SMALL BUSINESS ADMINISTRATION SBAP 2014 20K 1
11/1/2034
2.8
200
0.4
Freddie Mac Seasoned Credit Risk Transfer Trust
8/25/2058
3.5
200
0.3
Citigroup Inc.
3/31/2031
4.4
200
0.3
Air Canada Pass-Through Trust
9/15/2028
3.6
198
0.3
Morgan Stanley
4/1/2031
3.6
198
0.3
Sabey Data Center Issuer LLC
4/20/2045
3.8
196
0.3
Benchmark Mortgage Trust
12/15/2072
2.9
194
0.3
Store Master Funding I-VII
10/20/2048
4.3
193
0.3
FNMA POOL BM6706 FN 12/36 FLOATING VAR
12/1/2036
1.0
193
0.3
MAGALLANES INC COMPANY GUAR 144A 03/52 5.141
3/15/2052
5.1
193
0.3
BROADCOM INC. CO.
9/15/2028
4.1
192
0.3
CVS Pass-Through Trust
1/10/2033
5.8
192
0.3
Federal Home Loan Mortgage Corp.
12/1/2046
3.0
190
0.3
ORACLE CORP SR UNSECURED 03/51 3.95
3/25/2051
4.0
186
0.3
FED HM LN PC POOL 841089 FH 06/47 FLOATING VAR
6/1/2047
2.2
186
0.3
NXP BV/NXP FDG/NXP USA COMPANY GUAR 05/25 2.7
5/1/2025
2.7
186
0.3
FREDDIE MAC SCRT SCRT 2020 3 MA
5/25/2060
2.0
185
0.3
Lincoln National Corp.
1/15/2031
3.4
184
0.3
Schlumberger Holdings Corp.
5/17/2028
3.9
182
0.3
Federal National Mortgage Association
2/1/2047
4.5
179
0.3
Stack Infrastructure Issuer LLC
10/25/2044
3.1
178
0.3
Pfizer Inc.
5/28/2040
2.5
178
0.3
Freddie Mac Seasoned Credit Risk Transfer Trust
8/25/2059
2.5
178
0.3
Lockheed Martin Corp.
5/15/2046
4.7
177
0.3
Aquarion Co.
8/15/2024
4.0
177
0.3
WENDYS FUNDING LLC WEN 2021 1A A2I 144A
6/15/2051
2.4
172
0.3
McDonald's Corp. MTN
7/1/2027
3.5
172
0.3
AERCAP IRELAND CAP 10/28 3
10/29/2028
3.0
169
0.3
GS Mortgage Backed Securities Trust
10/25/2050
3.0
169
0.3
Metropolitan Water Reclamation District of Greater Chicago
12/1/2038
5.7
168
0.3
Government National Mortgage Association
9/20/2041
4.0
168
0.3
Blackstone Holdings Finance Co. LLC
9/10/2049
3.5
168
0.3
Verisk Analytics Inc.
5/15/2050
3.6
168
0.3
FedEx Corp.
2/15/2048
4.0
168
0.3
U.S. Small Business Administration
10/1/2037
2.9
166
0.3
AMAZON.COM INC SR UNSECURED 04/62 4.1
4/13/2062
4.1
165
0.3
Federal Home Loan Mortgage Corp.
3/1/2049
4.5
163
0.3
Federal National Mortgage Association
4/1/2045
4.0
162
0.3
Freddie Mac Seasoned Credit Risk Transfer Trust
11/25/2059
2.0
158
0.3
Wendy's Funding LLC
6/15/2049
3.8
157
0.3
Xcel Energy Inc.
6/1/2030
3.4
156
0.3
Store Master Funding I-VII
11/20/2049
2.8
153
0.3
Five Corners Funding Trust
11/15/2023
4.4
151
0.3
UNITED AIR 2016 1 AA PTT PASS THRU CE 01/30 3.1
1/7/2030
3.1
151
0.3
Government National Mortgage Association
9/15/2046
4.0
148
0.3
Eversource Energy
10/1/2024
2.9
147
0.3
Canadian Pacific Railway Co.
9/15/2115
6.1
146
0.3
Commonspirit Health
10/1/2049
4.2
145
0.3
Home Depot Inc.
4/15/2040
3.3
145
0.3
NAVIENT STUDENT LOAN TRUST NAVSL 2021 A A 144A
5/15/2069
0.8
141
0.2
Bank of America Corp. MTN
3/15/2050
4.3
140
0.2
Toyota Motor Credit Corp. MTN
4/1/2030
3.4
138
0.2
SOUTHERN CO. GAS CAPITAL CO. GUAR 01/31 1.75
1/15/2031
1.8
135
0.2
METLIFE SECURITIZATION TRUST MST 2020 INV1 A2A 144A
5/25/2050
2.5
133
0.2
Freddie Mac Seasoned Credit Risk Transfer Trust
5/25/2057
3.0
129
0.2
Government National Mortgage Association
8/15/2045
4.0
123
0.2
Walt Disney Co.
3/23/2050
4.7
122
0.2
Citigroup Inc.
10/27/2028
3.5
121
0.2
U.S. Small Business Administration
8/1/2037
2.8
120
0.2
Verizon Communications Inc.
8/10/2033
4.5
119
0.2
MOODY S CORP. SR UNSECURED 08/60 2.55
8/18/2060
2.5
118
0.2
NORTHERN STATES PWR MINN 1ST MORTGAGE 06/52 4.5
6/1/2052
4.5
117
0.2
BLACKSTONE HOLDINGS FINANCE CO. LLC
9/30/2050
2.8
117
0.2
Northrop Grumman Corp.
5/1/2050
5.3
115
0.2
Norfolk Southern Corp.
10/1/2041
4.8
113
0.2
Federal Home Loan Mortgage Corp.
10/1/2046
3.0
110
0.2
Federal National Mortgage Association
6/1/2050
2.5
108
0.2
US TREASURY N/B 08/41 1.75
8/15/2041
1.8
106
0.2
KKR Group Finance Co. III LLC
6/1/2044
5.1
105
0.2
Comcast Corp.
4/1/2027
3.3
103
0.2
Invitation Homes Trust
3/17/2037
3.0
102
0.2
GS MORTGAGE BACKED SECURITIES GSMBS 2020 PJ4 A2 144A
1/25/2051
3.0
102
0.2
CVS Pass-Through Trust
1/10/2028
5.9
101
0.2
Mass Mutual Life Insurance Co.
4/15/2050
3.4
101
0.2
Government National Mortgage Association
2/20/2046
4.5
99
0.2
CIM TRUST CORP.
4/25/2050
2.5
87
0.2
U.S. Small Business Administration
3/1/2032
2.5
86
0.2
MICHIGAN ST UNIV REVENUES MISHGR 08/22 FIXED 4.165
8/15/2122
4.2
85
0.1
DIGITAL REALTY TRUST LP COMPANY GUAR 07/29 3.6
7/1/2029
3.6
84
0.1
BOEING CO SR UNSECURED 05/50 5.805
5/1/2050
5.8
79
0.1
U.S. TREASURY INFLATION INDEXED BONDS
2/15/2049
1.0
78
0.1
Government National Mortgage Association
1/15/2042
4.5
77
0.1
LOWE S COS INC SR UNSECURED 04/46 3.7
4/15/2046
3.7
62
0.1
FREDDIE MAC SCRT SCRT 2017 2 MA
8/25/2056
3.0
62
0.1
PSMC Trust
5/25/2050
3.0
59
0.1
Exelon Corp.
4/15/2050
4.7
58
0.1
JPMBB Commercial Mortgage Securities Trust
11/15/2048
2.8
57
0.1
KKR Group Finance Co. II LLC
2/1/2043
5.5
54
0.1
Barclays Commerical Mortgage
5/10/2063
3.5
48
0.1
Lowe's Cos Inc.
4/15/2040
5.0
48
0.1
Total
--
--
56,752
98.8
Cash and Other Assets Less Liabilities
--
--
--
1.2
Total Net Assets
--
--
--
100%
Sector Allocation
as of 6/30/2022
Economic Sector
Core Bond Fund %
Bloomberg US Aggregate Bond Index %
Securitized
45.4
30.2
Credit
33.6
27.3
Government
18.8
41.8
Municipal
2.2
0.6
Maturity Profile
as of 6/30/2022
Maturity
Core Bond Fund %
Bloomberg US Aggregate Bond Index %
0-1 yr
2.1
0.0
1-3 yr
16.7
21.4
3-5 yr
27.5
16.3
5-7 yr
18.3
17.3
7-10 yr
15.5
27.0
10-20 yr
11.1
6.6
20-30 yr
8.1
10.6
Over 30 yr
0.9
0.8
Duration
as of 6/30/2022
Duration
Core Bond Fund %
Bloomberg US Aggregate Bond Index %
0-1 yr
7.3
0.1
1-3 yr
15.7
22.4
3-5 yr
27.8
22.8
5-7 yr
22.1
27.0
7-10 yr
10.6
11.6
10-20 yr
13.3
14.5
20-30 yr
3.3
1.5
Over 30 yr
0.0
--
Investment Team
Income Research + Management
Income Research + Management is a privately-owned, independent, fixed income investment management firm that serves institutional and private clients. They believe that an open, collaborative culture promotes excellence from an investment team of high energy, curious individuals. IR+M’s investment philosophy and process are based on their belief that careful security selection and active risk management provide superior results over the long-term. By combining the capacity and technology of a larger firm with the culture and nimbleness of a boutique firm, the firm strives to provide exceptional service for their clients and a rewarding experience for their employees.
Income Research + Management is a privately-owned, independent, fixed income investment management firm that serves institutional and private clients. They believe that an open, collaborative culture promotes excellence from an investment team of high energy, curious individuals. IR+M’s investment philosophy and process are based on their belief that careful security selection and active risk management provide superior results over the long-term. By combining the capacity and technology of a larger firm with the culture and nimbleness of a boutique firm, the firm strives to provide exceptional service for their clients and a rewarding experience for their employees.
![Rachel Campbell]()
Rachel Campbell
Director of Securitized Research, Portfolio Manager
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.
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.
![William A. O’Malley, CFA]()
William A. O’Malley, CFA
Chief Executive Officer and Co-Chief Investment Officer
Mr. O’Malley joined IR+M in 1994 and is Chief Executive Officer and Co-Chief Investment Officer. Prior to joining IR+M, Mr. O’Malley was a Vice President at Wellington Management Company, LLP. Before joining Wellington, he worked at The Vanguard Group and in Morgan Stanley’s Fixed Income Division. Mr. O’Malley began his investment career in 1988.
Mr. O’Malley joined IR+M in 1994 and is Chief Executive Officer and Co-Chief Investment Officer. Prior to joining IR+M, Mr. O’Malley was a Vice President at Wellington Management Company, LLP. Before joining Wellington, he worked at The Vanguard Group and in Morgan Stanley’s Fixed Income Division. Mr. O’Malley began his investment career in 1988.
![James E. Gubitosi, CFA]()
James E. Gubitosi, CFA
Co-Chief Investment Officer
Mr. Gubitosi joined IR+M in 2007 and is Co-Chief Investment Officer. Prior to joining IR+M, he was a Senior Analyst at Financial Architects Partners. Mr. Gubitosi began his investment career in 2004.
Mr. Gubitosi joined IR+M in 2007 and is Co-Chief Investment Officer. Prior to joining IR+M, he was a Senior Analyst at Financial Architects Partners. Mr. Gubitosi began his investment career in 2004.
![Bill O’Neill, CFA]()
Bill O’Neill, CFA
Principal and Senior Portfolio Manager
Mr. O’Neill joined IR+M in 2004 and is a Principal and Senior Portfolio Manager. Prior to joining IR+M, he was a Trader at Investors Bank and Trust. Mr. O’Neill began his investment career in 2000.
Mr. O’Neill joined IR+M in 2004 and is a Principal and Senior Portfolio Manager. Prior to joining IR+M, he was a Trader at Investors Bank and Trust. Mr. O’Neill began his investment career in 2000.
![Jake Remley, CFA]()
Jake Remley, CFA
Principal and Senior Portfolio Manager
Mr. Remley joined IR+M in 2004 and is a Principal and Senior Portfolio Manager. Prior to joining IR+M, he was an associate with Lehman Brothers Holdings. Mr. Remley began his investment career in 2001.
Mr. Remley joined IR+M in 2004 and is a Principal and Senior Portfolio Manager. Prior to joining IR+M, he was an associate with Lehman Brothers Holdings. Mr. Remley began his investment career in 2001.
![Matt Walker, CFA]()
Matt Walker, CFA
Senior Portfolio Manager
Mr. Walker joined IR+M in 2007 and is a Senior Portfolio Manager. Prior to joining IR+M, he was a Fixed Income Operations Representative at State Street Corporation. Mr. Walker began his investment career in 2003.
Mr. Walker joined IR+M in 2007 and is a Senior Portfolio Manager. Prior to joining IR+M, he was a Fixed Income Operations Representative at State Street Corporation. Mr. Walker began his investment career in 2003.
![Rachel Campbell]()
Rachel Campbell
Director of Securitized Research, Portfolio Manager
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.
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.
![William A. O’Malley, CFA]()
William A. O’Malley, CFA
Chief Executive Officer and Co-Chief Investment Officer
Mr. O’Malley joined IR+M in 1994 and is Chief Executive Officer and Co-Chief Investment Officer. Prior to joining IR+M, Mr. O’Malley was a Vice President at Wellington Management Company, LLP. Before joining Wellington, he worked at The Vanguard Group and in Morgan Stanley’s Fixed Income Division. Mr. O’Malley began his investment career in 1988.
Mr. O’Malley joined IR+M in 1994 and is Chief Executive Officer and Co-Chief Investment Officer. Prior to joining IR+M, Mr. O’Malley was a Vice President at Wellington Management Company, LLP. Before joining Wellington, he worked at The Vanguard Group and in Morgan Stanley’s Fixed Income Division. Mr. O’Malley began his investment career in 1988.
Documents
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. Fixed income investments are affected by interest rate changes and the creditworthiness of the issues held by the Fund. As interest rates rise, the values of fixed income securities held by the Fund are likely to decrease and reduce the value of the Fund's portfolio. The use of derivative instruments may add additional risk. There may be a greater risk that the Fund could lose money due to prepayment and extension risks because the Fund invests heavily at times in mortgage-related and/or asset backed securities. The Fund may engage in active and frequent trading to achieve its principal investment strategies. Investing in international and emerging markets poses special risks, including potentially greater price volatility due to social, political and economic factors, as well as currency exchange rate fluctuations. These risks are more severe for securities of issuers in emerging market regions.
Harbor Funds Distributors, Inc. is the Distributor of the Harbor Mutual Funds.
Foreside Fund Services, LLC is the Distributor of the Harbor ETFs.
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.