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Overview
Investment Team
Current Price
As of 3/29/2023
As of 2/28/2023
Performance
Fund Name
3 Mo.
YTD Return
1 Yr.
3 Yr.
5 Yr.
10 Yr.
Since Inception
Net Expense Ratio
Gross Expense Ratio
Convertible Securities Fund
-0.40%
2.14%
-9.74%
5.74%
6.24%
5.88%
5.55%
0.71%
0.74%
ICE BofA U.S. Convertible Bond Index
1.15%
4.43%
-9.18%
9.73%
9.83%
10.01%
8.96%
--
--
ICE BofA US Convertible Ex Mandatory Index
1.58%
4.96%
-10.03%
9.71%
10.08%
10.49%
9.48%
--
--
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 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.
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
12/16/2022
12/19/2022
12/19/2022
0.00000
0.05852
0.00000
--
0.00000
--
0.05852
0.00000
9.86
9/28/2022
9/29/2022
9/29/2022
0.00000
0.01245
0.00000
--
0.00000
--
0.01245
0.00000
9.60
6/28/2022
6/29/2022
6/29/2022
0.00000
0.00426
0.00000
--
0.00000
--
0.00426
0.00000
9.82
3/29/2022
3/30/2022
3/30/2022
0.00000
0.00401
0.00000
--
0.00000
--
0.00401
0.00000
11.26
12/17/2021
12/20/2021
12/20/2021
0.00000
0.04683
1.61367
0.88695
0.00000
0.72672
1.66050
0.00000
11.43
6/28/2021
6/29/2021
6/29/2021
0.00000
0.00018
0.00000
0.00000
0.00000
0.00000
0.00018
0.00000
13.58
3/29/2021
3/30/2021
3/30/2021
0.00000
0.00303
0.00000
0.00000
0.00000
0.00000
0.00303
0.00000
13.14
12/16/2020
12/17/2020
12/17/2020
0.00000
0.07630
1.16446
0.90624
0.00000
0.25822
1.24076
0.00000
12.91
9/28/2020
9/29/2020
9/29/2020
0.00000
0.01202
0.00000
0.00000
0.00000
0.00000
0.01202
0.00000
12.40
6/26/2020
6/29/2020
6/29/2020
0.00000
0.01410
0.00000
0.00000
0.00000
0.00000
0.01410
0.00000
11.51
3/27/2020
3/30/2020
3/30/2020
0.00000
0.01694
0.00000
0.00000
0.00000
0.00000
0.01694
0.00000
9.46
12/13/2019
12/16/2019
12/16/2019
0.00000
0.03322
0.33300
0.21604
0.00000
0.11696
0.36622
0.00000
10.78
9/25/2019
9/26/2019
9/26/2019
0.00000
0.02118
0.00000
0.00000
0.00000
0.00000
0.02118
0.00000
10.71
6/26/2019
6/27/2019
6/27/2019
0.00000
0.02278
0.00000
0.00000
0.00000
0.00000
0.02278
0.00000
10.72
3/27/2019
3/28/2019
3/28/2019
0.00000
0.02241
0.00000
0.00000
0.00000
0.00000
0.02241
0.00000
10.40
12/14/2018
12/17/2018
12/17/2018
0.00000
0.10127
0.49150
0.36038
0.00000
0.13112
0.59277
0.00000
9.63
9/26/2018
9/27/2018
9/27/2018
0.00000
0.02124
0.00000
0.00000
0.00000
0.00000
0.02124
0.00000
10.97
6/27/2018
6/28/2018
6/28/2018
0.00000
0.02087
0.00000
0.00000
0.00000
0.00000
0.02087
0.00000
10.73
3/27/2018
3/28/2018
3/28/2018
0.00000
0.02058
0.00000
0.00000
0.00000
0.00000
0.02058
0.00000
10.35
12/15/2017
12/18/2017
12/18/2017
0.00000
0.02032
1.00209
1.00209
0.00000
0.00000
1.02241
0.00000
10.30
9/27/2017
9/28/2017
9/28/2017
0.00000
0.03795
0.00000
0.00000
0.00000
0.00000
0.03795
0.00000
11.14
6/28/2017
6/29/2017
6/29/2017
0.00000
0.03084
0.00000
0.00000
0.00000
0.00000
0.03084
0.00000
11.02
3/29/2017
3/30/2017
3/30/2017
0.00000
0.03770
0.00000
0.00000
0.00000
0.00000
0.03770
0.00000
10.83
12/16/2016
12/19/2016
12/19/2016
0.00000
0.06537
0.00000
0.00000
0.00000
0.00000
0.06537
0.00000
10.55
9/28/2016
9/29/2016
9/29/2016
0.00000
0.02344
0.00000
0.00000
0.00000
0.00000
0.02344
0.00000
10.64
6/28/2016
6/29/2016
6/29/2016
0.00000
0.02658
0.00000
0.00000
0.00000
0.00000
0.02658
0.00000
10.12
3/29/2016
3/30/2016
3/30/2016
0.00000
0.02476
0.00000
0.00000
0.00000
0.00000
0.02476
0.00000
9.95
12/16/2015
12/17/2015
12/17/2015
0.00000
0.14277
0.19480
0.00000
0.00000
0.19480
0.33757
0.00000
10.09
9/23/2015
9/24/2015
9/24/2015
0.00000
0.03180
0.00000
0.00000
0.00000
0.00000
0.03180
0.00000
10.61
6/26/2015
6/29/2015
6/29/2015
0.00000
0.03310
0.00000
0.00000
0.00000
0.00000
0.03310
0.00000
10.90
3/27/2015
3/30/2015
3/30/2015
0.00000
0.03480
0.00000
0.00000
0.00000
0.00000
0.03480
0.00000
10.87
12/17/2014
12/18/2014
12/18/2014
0.00000
0.11993
0.41866
0.07677
0.00000
0.34189
0.53859
0.00000
10.47
9/24/2014
9/25/2014
9/25/2014
0.00000
0.03767
0.00000
0.00000
0.00000
0.00000
0.03767
0.00000
11.19
6/25/2014
6/26/2014
6/26/2014
0.00000
0.03245
0.00000
0.00000
0.00000
0.00000
0.03245
0.00000
11.48
3/26/2014
3/27/2014
3/27/2014
0.00000
0.03708
0.00000
0.00000
0.00000
0.00000
0.03708
0.00000
11.18
12/16/2013
12/17/2013
12/17/2013
0.00000
0.09841
0.10733
0.00000
0.00000
0.10733
0.20574
0.00000
10.77
9/25/2013
9/26/2013
9/26/2013
0.00000
0.04253
0.00000
0.00000
0.00000
0.00000
0.04253
0.00000
10.77
6/26/2013
6/27/2013
6/27/2013
0.00000
0.02907
0.00000
0.00000
0.00000
0.00000
0.02907
0.00000
10.38
3/27/2013
3/28/2013
3/28/2013
0.00000
0.03753
0.00000
0.00000
0.00000
0.00000
0.03753
0.00000
10.34
12/14/2012
12/17/2012
12/17/2012
0.00000
0.11512
0.00000
0.00000
0.00000
0.00000
0.11512
0.00000
9.99
9/26/2012
9/27/2012
9/27/2012
0.00000
0.04569
0.00000
0.00000
0.00000
0.00000
0.04569
0.00000
10.01
6/27/2012
6/28/2012
6/28/2012
0.00000
0.05481
0.00000
0.00000
0.00000
0.00000
0.05481
0.00000
9.63
3/28/2012
3/29/2012
3/29/2012
0.00000
0.05282
0.00000
0.00000
0.00000
0.00000
0.05282
0.00000
9.93
12/15/2011
12/16/2011
12/16/2011
0.00000
0.09077
0.00000
0.00000
0.00000
0.00000
0.09077
0.00000
9.23
9/28/2011
9/29/2011
9/29/2011
0.00000
0.03741
0.00000
0.00000
0.00000
0.00000
0.03741
0.00000
9.29
6/28/2011
6/29/2011
6/29/2011
0.00000
0.02286
0.00000
0.00000
0.00000
0.00000
0.02286
0.00000
9.84
Holdings
Full Holdings
As of 12/31/2022
Company Name
Maturity Date
Coupon Rate (%)
Market Value ($000's)
% of Net Assets
BioMarin Pharmaceutical Inc.
8/1/2024
0.6
1,383
1.9
INTEGRA LIFESCIENCES HOLDINGS 08/25 0.5
8/15/2025
0.5
1,216
1.7
Akamai Technologies Inc.
9/1/2027
0.4
1,203
1.7
BLOCK INC SR UNSECURED 03/25 0.125
3/1/2025
0.1
1,153
1.6
j2 Global Inc.
11/1/2026
1.8
1,142
1.6
Ironwood Pharmaceuticals
6/15/2024
0.8
1,010
1.4
NUVASIVE INC SR UNSECURED 03/25 0.375
3/15/2025
0.4
1,002
1.4
ETSY INC 09/27 0.125
9/1/2027
0.1
979
1.4
VAIL RESORTS INC SR UNSECURED 01/26 0.00000
1/1/2026
0.0
970
1.3
NCL CORP LTD 02/27 1.125
2/15/2027
1.1
953
1.3
NRG ENERGY INC COMPANY GUAR 06/48 2.75
6/1/2048
2.8
952
1.3
MICROCHIP TECHNOLOGY INC SR SUBORDINA 11/24 0.125
11/15/2024
0.1
931
1.3
Dish Network Corp.
8/15/2026
3.4
919
1.3
VERINT SYSTEMS INC 04/26 0.25
4/15/2026
0.3
918
1.3
WOLFSPEED INC SR UNSECURED 144A 12/29 1.875
12/1/2029
1.9
910
1.3
Liberty Media Corp.
3/31/2048
2.1
898
1.2
SPLUNK INC 06/27 1.125
6/15/2027
1.1
897
1.2
FORD MTR CO DEL 03/26 0
3/15/2026
0.0
887
1.2
Pure Storage Inc.
4/15/2023
0.1
883
1.2
SPIRIT AIRLINES INC 05/26 1
5/15/2026
1.0
878
1.2
FIVE9 INC SR UNSECURED 06/25 0.5
6/1/2025
0.5
873
1.2
DROPBOX INC 03/28 0
3/1/2028
0.0
866
1.2
CONMED CORP SR UNSECURED 144A 06/27 2.25
6/15/2027
2.3
862
1.2
PERFICIENT INC SR UNSECURED 11/26 0.125
11/15/2026
0.1
857
1.2
PARSONS CORP 08/25 0.25
8/15/2025
0.3
854
1.2
GREENBRIER COS INC SR UNSECURED 04/28 2.875
4/15/2028
2.9
847
1.2
Blackline Inc.
8/1/2024
0.1
843
1.2
NOVOCURE LTD 11/25 0
11/1/2025
0.0
837
1.2
STRIDE INC 09/27 1.125
9/1/2027
1.1
833
1.2
BOX INC 01/26 0
1/15/2026
0.0
831
1.2
LCI INDS INC 05/26 1.125
5/15/2026
1.1
817
1.1
NICE LTD SR UNSECURED 09/25 0.00000
9/15/2025
0.0
806
1.1
DEXCOM INC SR UNSECURED 11/25 0.25
11/15/2025
0.3
802
1.1
Southwest Airlines Co.
5/1/2025
1.3
794
1.1
Q2 Holdings Inc.
6/1/2026
0.8
793
1.1
CYBERARK SOFTWARE LTD 11/24 0
11/15/2024
0.0
792
1.1
LUMENTUM HOLDINGS INC SR UNSECURED 144A 06/28 0.5
6/15/2028
0.5
789
1.1
ALNYLAM PHARMACEUTICALS SR UNSECURED 144A 09/27 1
9/15/2027
1.0
753
1.0
POST HOLDINGS INC SR UNSECURED 144A 08/27 2.5
8/15/2027
2.5
752
1.0
WINNEBAGO INDS INC 04/25 1.5
4/1/2025
1.5
747
1.0
ALTAIR ENGINEERING INC SR UNSECURED 144A 06/27 1.75
6/15/2027
1.8
746
1.0
SPLUNK INC.
9/15/2025
1.1
746
1.0
ENPHASE ENERGY INC SR UNSECURED 03/26 0.00000
3/1/2026
0.0
732
1.0
M/A COM TECH SOLUTIONS SR UNSECURED 03/26 0.25
3/15/2026
0.3
731
1.0
BOOKING HLDGS INC 05/25 0.75
5/1/2025
0.8
719
1.0
ENVESTNET INC 08/25 0.75
8/15/2025
0.8
718
1.0
Exact Sciences Corp.
3/15/2027
0.4
713
1.0
RAPID7 INC SR UNSECURED 03/27 0.25
3/15/2027
0.3
694
1.0
CHEGG INC.
3/15/2025
0.1
694
1.0
LIBERTY MEDIA CORP LIBERTY MEDIA CORP
8/15/2027
2.3
685
1.0
INSULET CORP 09/26 0.375
9/1/2026
0.4
674
0.9
JOHN BEAN TECHNOLOGIES CORP 05/26 0.25
5/15/2026
0.3
669
0.9
LIVE NATION ENTERTAINMENT INC 02/25 2
2/15/2025
2.0
650
0.9
ETSY INC SR UNSECURED 06/28 0.25
6/15/2028
0.3
612
0.9
ZILLOW GROUP INC SR UNSECURED 09/26 1.375
9/1/2026
1.4
606
0.8
SHIFT4 PAYMENTS, INC. 08/27 0.5
8/1/2027
0.5
606
0.8
IMAX CORP 04/26 0.5
4/1/2026
0.5
600
0.8
Zillow Group Inc.
5/15/2025
2.8
589
0.8
ON SEMICONDUCTOR CORP 05/27 0
5/1/2027
0.0
577
0.8
DROPBOX INC 03/26 0
3/1/2026
0.0
574
0.8
OKTA INC 06/26 0.375
6/15/2026
0.4
559
0.8
PATRICK INDUSTRIES INC COMPANY GUAR 144A 12/28 1.75
12/1/2028
1.8
554
0.8
Palo Alto Networks Inc.
7/1/2023
0.8
544
0.8
WAYFAIR INC SR UNSECURED 10/25 0.625
10/1/2025
0.6
544
0.8
COHERUS BIOSCIENCES INC 04/26 1.5
4/15/2026
1.5
530
0.7
BLACKLINE INC SR 03/26 0
3/15/2026
0.0
518
0.7
DATADOG INC 06/25 0.125
6/15/2025
0.1
515
0.7
CHEESECAKE FACTORY (THE) SR UNSECURED 06/26 0.375
6/15/2026
0.4
513
0.7
Workiva Inc.
8/15/2026
1.1
506
0.7
UBER TECHNOLOGIES INC SR UNSECURED 12/25 0.00000
12/15/2025
0.0
500
0.7
BURLINGTON STORES INC SR UNSECURED 04/25 2.25
4/15/2025
2.3
491
0.7
SILICON LABORATORIES INC 06/25 0.625
6/15/2025
0.6
490
0.7
Akamai Technologies Inc.
5/1/2025
0.1
487
0.7
JETBLUE AIRWAYS CORP 04/26 0.5
4/1/2026
0.5
486
0.7
Conmed Corp.
2/1/2024
2.6
483
0.7
NEXTGEN HEALTHCARE INC SR UNSECURED 144A 11/27 3.75
11/15/2027
3.8
477
0.7
SOLAR EDGE TECHNOLOGIES SR UNSECURED 09/25 0.00000
9/15/2025
0.0
475
0.7
AXON ENTERPRISE INC SR UNSECURED 144A 12/27 0.5
12/15/2027
0.5
472
0.7
HALOZYME THERAPEUTICS INC 03/27 0.25
3/1/2027
0.3
466
0.6
WAYFAIR INC SR UNSECURED 144A 09/27 3.25
9/15/2027
3.3
465
0.6
BENTLEY SYSTEMS 07/27 0.375
7/1/2027
0.4
459
0.6
VARONIS SYSTEM INC SR UNSECURED 08/25 1.25
8/15/2025
1.3
444
0.6
JAZZ INV I LTD 06/26 2
6/15/2026
2.0
443
0.6
Exact Sciences Corp.
1/15/2025
1.0
435
0.6
IAC Financeco 3 Inc.
1/15/2030
2.0
430
0.6
ROYAL CARIBBEAN CRUISES SR UNSECURED 144A 08/25 6
8/15/2025
6.0
429
0.6
NEXTERA ENERGY PARTNERS SR UNSECURED 144A 11/25 0.0000
11/15/2025
0.0
418
0.6
ENVESTNET INC COMPANY GUAR 144A 12/27 2.625
12/1/2027
2.6
403
0.6
INTERDIGITAL INC 06/27 3.5
6/1/2027
3.5
381
0.5
ITRON INC 03/26 0
3/15/2026
0.0
358
0.5
ZSCALER INC. SR UNSECURED 07/25 0.125
7/1/2025
0.1
350
0.5
GUARDANT HEALTH INC 11/27 0
11/15/2027
0.0
312
0.4
MARRIOTT VACATION WORLDW MARRIOTT VACATION WORLDW
12/15/2027
3.3
276
0.4
Ironwood Pharmaceuticals
6/15/2026
1.5
270
0.4
IAC FINANCECO 2 INC.
6/15/2026
0.9
255
0.4
CERIDIAN HCM HOLDING INC 03/26 0.25
3/15/2026
0.3
243
0.3
SABRE GLBL INC COMPANY GUAR 04/25 4
4/15/2025
4.0
204
0.3
BENTLEY SYSTEMS INC SR UNSECURED 01/26 0.125
1/15/2026
0.1
177
0.2
HALOZYME THERAPEUTICS IN SR UNSECURED 144A 08/28 1
8/15/2028
1.0
147
0.2
NEXTERA ENERGY PARTNERS COMPANY GUAR 144A 06/24 0.0000
6/15/2024
0.0
78
0.1
Tandem Diabetes Care Inc.
5/1/2025
1.5
75
0.1
Bofa Finance LLC MTN
5/1/2023
0.3
43
0.1
CABLE ONE INC 03/26 0
3/15/2026
0.0
2
0.0
DRAFTKINGS INC 03/28 0
3/15/2028
0.0
1
0.0
Total
--
--
66,474
92.3
Cash and Other Assets Less Liabilities
--
--
--
7.7
Total Net Assets
--
--
--
100%
Sector Allocation
As of 12/31/2022
Convertible Securities Fund %(HRCSX)
INFORMATION TECHNOLOGY
HRCSX: 38.3%
HEALTH CARE
HRCSX: 17.9%
CONSUMER DISCRETIONARY
HRCSX: 16.0%
COMMUNICATION SERVICES
HRCSX: 9.5%
INDUSTRIALS
HRCSX: 7.6%
UTILITIES
HRCSX: 2.0%
CONSUMER STAPLES
HRCSX: 1.1%
FINANCIALS
HRCSX: 0.1%
HRCSX: Convertible Securities Fund %
Maturity Profile
As of 12/31/2022
Maturity
Convertible Securities Fund %
ICE BofA U.S. Convertible Bond Index %
0-1 yr
3.3
36.8
1-3 yr
35.5
9.3
3-5 yr
46.5
15.5
5-7 yr
6.6
16.7
7-10 yr
0.6
10.3
10-20 yr
0.0
8.9
20-30 yr
0.0
1.7
Over 30 yr
0.0
0.8
Duration
As of 12/31/2022
Duration
Convertible Securities Fund %
0-1 yr
10.5
1-3 yr
68.0
3-5 yr
14.0
5-7 yr
0.0
7-10 yr
0.0
10-20 yr
0.0
20-30 yr
0.0
Over 30 yr
0.0
Investment Team
.webp)
BlueCove Limited (“BlueCove”) is a scientific asset management firm founded in 2018 that brings together leading fixed income industry investment and engineering professionals. BlueCove was founded with the specific purpose of delivering strong investment outcomes for investors by researching and developing state-of-the-art scientific investment processes applicable to fixed income investment management.
Foreside Fund Services, LLC is the Distributor of the Harbor ETFs.
Learn More about BlueCove
Documents
Name
Date
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.
As a result of changing market conditions, total net asset levels, expenses and other factors may change at any time during the current fiscal period and may differ from those shown.
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.
Wtd. Avg. Market Coupon (%): the weighted average coupon rate of the underlying bonds in the Fund.
Wtd. Avg. Maturity (yrs): the weighted average length of time to the repayment of principal for the securities in the Fund. This metric considers the likelihood that bonds will be called or prepaid before the scheduled maturity date.
Wtd. Avg. Duration (yrs): the weight average duration of the underlying bonds or derivative market exposures in the Fund. Duration is a time measure of a bond's interest-rate sensitivity. The longer a fund's duration, the more sensitive the fund is to shifts in interest rates
Wtd. Avg. Convertible Price ($): the weighted average price of the underlying corporate securities in the Fund, usually preferred shares or bonds, that can be converted (exchanged) for a set number of other securities — usually common shares — at a given price.
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