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Harbor Core Bond Fund (HACBX)

Harbor Core Bond Fund (HACBX)

Welcome
Overview
Performance
Holdings
Investment Team
Documents
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Class

Aware, but not constrained. The bottom-up security selection process seeks to add value by rotating between sectors based on relative value. The portfolio managers are aware of the benchmark, but not constrained by it, and take the opportunities that the market offers. Purchase and sell decisions focus on fundamental credit analysis, security structure and price relative to other opportunities.

Disciplined approach. The team-oriented investment decision-making process is disciplined, repeatable, and based on a core foundation of bottom-up research. That process supports a duration- and curve-neutral portfolio.

Stable, experienced, and independent. IR+M is a privately-owned, independent, fixed income investment manager, with over 30 years of experience serving private and institutional clients. The investment team has experience managing through various credit cycles. All members of IR+M's Management Committee and senior portfolio managers have ownership in the firm and are dedicated to its success.

Related Products to Consider

Overview

Investment Team
Income Research + Management logo on white background
William A. O’Malley, CFA
James E. Gubitosi, CFA
Bill O’Neill, CFA
Jake Remley, CFA
Matt Walker, CFA
Rachel Campbell

Current Price

As of 2/29/2024

$8.79

Price (NAV)

-$0.01

NAV Daily Change ($)

-0.11%

NAV Daily Change (%)

-1.54%

NAV YTD Return

3.86%

Current 30-Day Sub. SEC Yield
disclaimer

3.86%

Current 30-Day Unsub. SEC Yield
disclaimer

3.93%

Effective 30-Day Sub. SEC Yield
disclaimer

3.93%

Effective 30-Day Unsub. SEC Yield
disclaimer

Fund Facts

As of 2/29/2024

6/1/2018

Inception Date

0.34

Net Expense Ratio
disclaimer

0.44

Gross Expense Ratio

$116.096

Total Net Assets (million)
As of 2/29/2024

HACBX

Ticker

2043

Fund Number

Institutional Class

Share Class

“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

Total Returns

Month-End

3 Mo.

YTD Return

1 Yr.

3 Yr.

5 Yr.

Since Inception

Net Expense Ratio

Gross Expense Ratio

Core Bond Fund
2.17%
-1.54%
3.12%
-3.30%
0.79%
1.10%
0.34%disclaimer
0.44%
Bloomberg US Aggregate Bond Index
2.08%
-1.68%
3.33%
-3.16%
0.56%
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.

Price History

Chart

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

2/28/2024
2/29/2024
2/29/2024
0.00000
0.02053
0.00000
--
0.00000
--
0.02053
0.00000
8.79
1/30/2024
1/31/2024
1/31/2024
0.00000
0.02136
0.00000
--
0.00000
--
0.02136
0.00000
8.93
12/18/2023
12/19/2023
12/19/2023
0.00000
0.04706
0.00000
--
0.00000
--
0.04706
0.00000
8.92
11/29/2023
11/30/2023
11/30/2023
0.00000
0.02703
0.00000
--
0.00000
--
0.02703
0.00000
8.69
10/27/2023
10/30/2023
10/30/2023
0.00000
0.02875
0.00000
--
0.00000
--
0.02875
0.00000
8.35
9/28/2023
9/29/2023
9/29/2023
0.00000
0.02619
0.00000
--
0.00000
--
0.02619
0.00000
8.52
8/30/2023
8/31/2023
8/31/2023
0.00000
0.02858
0.00000
--
0.00000
--
0.02858
0.00000
8.77
7/28/2023
7/31/2023
7/31/2023
0.00000
0.02808
0.00000
--
0.00000
--
0.02808
0.00000
8.85
6/29/2023
6/30/2023
6/30/2023
0.00000
0.02717
0.00000
--
0.00000
--
0.02717
0.00000
8.88
5/30/2023
5/31/2023
5/31/2023
0.00000
0.03197
0.00000
--
0.00000
--
0.03197
0.00000
8.93
4/27/2023
4/28/2023
4/28/2023
0.00000
0.02542
0.00000
--
0.00000
--
0.02542
0.00000
9.06
3/30/2023
3/31/2023
3/31/2023
0.00000
0.02891
0.00000
--
0.00000
--
0.02891
0.00000
9.03
2/27/2023
2/28/2023
2/28/2023
0.00000
0.02317
0.00000
--
0.00000
--
0.02317
0.00000
8.86
1/30/2023
1/31/2023
1/31/2023
0.00000
0.02117
0.00000
--
0.00000
--
0.02117
0.00000
9.11
12/16/2022
12/19/2022
12/19/2022
0.00000
0.07157
0.00000
--
0.00000
--
0.07157
0.00000
8.97
11/28/2022
11/29/2022
11/29/2022
0.00000
0.02163
0.00000
--
0.00000
--
0.02163
0.00000
8.87
10/27/2022
10/28/2022
10/28/2022
0.00000
0.02062
0.00000
--
0.00000
--
0.02062
0.00000
8.67
9/28/2022
9/29/2022
9/29/2022
0.00000
0.01929
0.00000
--
0.00000
--
0.01929
0.00000
8.81
8/29/2022
8/30/2022
8/30/2022
0.00000
0.02258
0.00000
--
0.00000
--
0.02258
0.00000
9.24
7/27/2022
7/28/2022
7/28/2022
0.00000
0.01869
0.00000
--
0.00000
--
0.01869
0.00000
9.47
6/28/2022
6/29/2022
6/29/2022
0.00000
0.02150
0.00000
--
0.00000
--
0.02150
0.00000
9.24
5/25/2022
5/26/2022
5/26/2022
0.00000
0.02077
0.00000
--
0.00000
--
0.02077
0.00000
9.49
4/27/2022
4/28/2022
4/28/2022
0.00000
0.01467
0.00000
--
0.00000
--
0.01467
0.00000
9.48
3/29/2022
3/30/2022
3/30/2022
0.00000
0.02048
0.00000
--
0.00000
--
0.02048
0.00000
9.81
2/24/2022
2/25/2022
2/25/2022
0.00000
0.01343
0.00000
--
0.00000
--
0.01343
0.00000
10.05
1/27/2022
1/28/2022
1/28/2022
0.00000
0.01204
0.00000
--
0.00000
--
0.01204
0.00000
10.27
12/29/2021
12/30/2021
12/30/2021
0.00000
0.08259
0.00000
--
0.00000
--
0.08259
0.00000
10.49
11/26/2021
11/29/2021
11/29/2021
0.00000
0.01150
0.00000
--
0.00000
--
0.01150
0.00000
10.59
10/27/2021
10/28/2021
10/28/2021
0.00000
0.01266
0.00000
--
0.00000
--
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

Portfolio Characteristics

As of 12/31/2023

Core Bond Fund

Bloomberg US Aggregate Bond Index

Number of Bonds

321
13334

Avg. Market Coupon (%)

3.84
3.19

Wtd. Avg. Maturity (yrs)

8.8
8.46

Wtd. Avg. Duration (yrs)

6.13
6.24

Top Ten Holdings

As of 12/31/2023

Company Name

Maturity Date

Coupon Rate (%)

Value ($000's)

% of Net Assets

US TREASURY N/B
11/15/2026
4.6
16,724
8.0
US TREASURY N/B
8/15/2043
4.4
11,132
5.4
US TREASURY N/B
8/15/2033
3.9
8,391
4.0
US TREASURY N/B
8/15/2053
4.1
6,275
3.0
US TREASURY N/B
11/30/2028
4.4
6,109
2.9
US TREASURY N/B
8/15/2042
3.4
3,585
1.7
US TREASURY N/B
8/15/2052
3.0
3,416
1.6
US TREASURY N/B
5/15/2043
3.9
3,072
1.5
Fannie Mae
8/1/2052
4.5
2,126
1.0
Fannie Mae
7/1/2052
4.0
2,016
1.0
% of Total Holdings:
--
--
--
30.1%

This information should not be considered as a recommendation to purchase or sell a particular security. The weightings and holdings mentioned may change at any time and may not represent current or future investments.

As of 12/31/2023

Company Name

Maturity Date

Coupon Rate (%)

Market Value ($000's)

% of Net Assets

US TREASURY N/B
11/15/2026
4.6
16,724
8.0
US TREASURY N/B
8/15/2043
4.4
11,132
5.4
US TREASURY N/B
8/15/2033
3.9
8,391
4.0
US TREASURY N/B
8/15/2053
4.1
6,275
3.0
US TREASURY N/B
11/30/2028
4.4
6,109
2.9
US TREASURY N/B
8/15/2042
3.4
3,585
1.7
US TREASURY N/B
8/15/2052
3.0
3,416
1.6
US TREASURY N/B
5/15/2043
3.9
3,072
1.5
Fannie Mae
8/1/2052
4.5
2,126
1.0
Fannie Mae
7/1/2052
4.0
2,016
1.0
Fannie Mae
9/1/2050
2.5
1,967
0.9
Freddie Mac
4/1/2047
3.0
1,936
0.9
MET LIFE GLOB FUNDING I
3/21/2029
3.3
1,634
0.8
JPMORGAN CHASE & CO
7/23/2029
4.2
1,620
0.8
Freddie Mac
11/1/2051
2.5
1,597
0.8
GOLDMAN SACHS GROUP INC
3/15/2030
3.8
1,430
0.7
PENSKE TRUCK LEASING/PTL
5/1/2028
5.5
1,430
0.7
US TREASURY N/B
5/15/2053
3.6
1,426
0.7
Fannie Mae
6/1/2050
5.0
1,395
0.7
Fannie Mae
4/1/2051
2.0
1,352
0.7
Small Business Administration
11/1/2048
5.7
1,263
0.6
MORGAN STANLEY
4/1/2031
3.6
1,226
0.6
BANK OF AMERICA CORP
10/20/2032
2.6
1,223
0.6
Government National Mortgage A
9/20/2051
2.5
1,208
0.6
Fannie Mae
2/1/2050
3.0
1,125
0.5
Small Business Administration
11/1/2047
5.1
1,110
0.5
Small Business Administration
1/1/2048
4.9
1,107
0.5
NextGear Floorplan Master Owne
3/15/2028
5.7
1,107
0.5
Fannie Mae
8/1/2052
5.0
1,075
0.5
Fannie Mae
2/1/2047
3.5
1,055
0.5
CONSUMERS 23 SECURE FUND
9/1/2031
5.2
1,055
0.5
DB Master Finance LLC
11/20/2051
2.0
1,045
0.5
RYDER SYSTEM INC
6/1/2028
5.3
1,025
0.5
Fannie Mae
8/1/2048
4.5
1,025
0.5
TSY INFL IX N/B
1/15/2030
0.1
1,024
0.5
EVERSOURCE ENERGY
3/1/2027
2.9
1,023
0.5
Ford Credit Auto Owner Trust/F
2/15/2036
5.3
1,023
0.5
SCHLUMBERGER HLDGS CORP
5/17/2028
3.9
1,022
0.5
BROADCOM INC
9/15/2028
4.1
1,018
0.5
Progress Residential Trust
4/17/2027
3.0
1,016
0.5
Freddie Mac
10/1/2047
4.0
1,012
0.5
BNP PARIBAS
8/14/2028
4.4
1,009
0.5
T-MOBILE USA INC
7/15/2033
5.0
1,009
0.5
COLUMBIA PIPELINES OPCO
11/15/2033
6.0
1,006
0.5
BANK OF AMERICA CORP
7/22/2028
4.9
1,005
0.5
Fannie Mae
1/1/2049
4.0
921
0.4
Freddie Mac
5/1/2042
3.5
870
0.4
Fannie Mae
2/1/2034
3.0
855
0.4
Fannie Mae
2/1/2050
4.5
853
0.4
FORD MOTOR CREDIT CO LLC
2/10/2029
2.9
817
0.4
WENDYS FUNDING LLC
6/15/2051
2.8
817
0.4
COX COMMUNICATIONS INC
9/15/2026
3.4
816
0.4
APTIV PLC / APTIV CORP
3/1/2032
3.3
814
0.4
CITIGROUP INC
3/31/2031
4.4
813
0.4
CAPITAL ONE FINANCIAL CO
2/1/2029
5.5
811
0.4
CHARTER COMM OPT LLC/CAP
10/23/2035
6.4
811
0.4
LLOYDS BANKING GROUP PLC
2/5/2026
2.4
811
0.4
KKR GRP FIN CO VI LLC
7/1/2029
3.8
808
0.4
Fannie Mae
10/1/2050
2.5
777
0.4
UNITED AIR 2014-1 A PTT
10/11/2027
4.0
749
0.4
AMSR Trust
10/17/2039
4.0
743
0.4
Fannie Mae
8/1/2050
2.0
732
0.4
Fannie Mae
4/1/2051
2.5
710
0.3
Government National Mortgage A
1/20/2051
2.5
696
0.3
Freddie Mac
5/1/2052
2.5
689
0.3
Small Business Administration
3/1/2048
4.9
687
0.3
Freddie Mac
1/1/2051
2.0
686
0.3
Small Business Administration
8/1/2048
5.2
683
0.3
Fannie Mae
3/1/2048
3.5
681
0.3
PEACHTREE FUNDING TRUST
2/15/2025
4.0
674
0.3
Bank
7/15/2060
3.5
672
0.3
Fannie Mae
6/1/2050
2.5
655
0.3
GoldenTree Loan Management US
7/20/2034
6.8
650
0.3
MORGAN STANLEY
7/27/2026
3.1
637
0.3
Freddie Mac
8/1/2050
3.0
635
0.3
Freddie Mac
8/1/2051
2.5
630
0.3
BLACKSTONE HOLDINGS FINA
9/10/2049
3.5
623
0.3
CARLISLE COS INC
3/1/2030
2.8
614
0.3
AMAZON.COM INC
4/13/2062
4.1
614
0.3
AERCAP IRELAND CAP/GLOBA
10/29/2028
3.0
613
0.3
VERIZON COMMUNICATIONS
3/15/2032
2.4
612
0.3
BMW US CAPITAL LLC
4/1/2027
3.5
611
0.3
ROGERS COMMUNICATIONS IN
3/15/2027
3.2
611
0.3
BARCLAYS PLC
8/9/2026
5.3
608
0.3
BROOKFIELD FINANCE INC
1/25/2028
3.9
607
0.3
DOMINION ENERGY INC
8/1/2033
5.3
607
0.3
Fannie Mae
11/1/2051
2.5
607
0.3
BERKSHIRE HATHAWAY ENERG
1/15/2049
4.5
602
0.3
BMO Mortgage Trust
12/15/2056
6.2
597
0.3
Fannie Mae
2/1/2035
3.0
584
0.3
Morgan Stanley BAML Trust
10/15/2048
3.5
578
0.3
NEW YORK ST URBAN DEV CORP REV
3/15/2039
5.8
572
0.3
SBA TOWER TRUST
10/15/2056
2.6
569
0.3
Fannie Mae
4/1/2052
2.5
561
0.3
PEACEHEALTH OBLIGATED GR
11/15/2025
1.4
548
0.3
Fannie Mae
11/1/2052
5.5
546
0.3
Fannie Mae
11/1/2046
4.0
542
0.3
Fannie Mae
5/1/2037
3.5
542
0.3
Small Business Administration
9/1/2048
5.4
541
0.3
FLORIDA POWER & LIGHT CO
2/3/2032
2.5
541
0.3
DTE ENERGY CO
6/1/2028
4.9
531
0.3
Freddie Mac
7/1/2053
5.5
530
0.3
PFS Financing Corp.
3/15/2028
0.0
530
0.3
Taco Bell Funding, LLC
8/25/2051
2.3
528
0.3
Fannie Mae
4/1/2035
2.5
528
0.3
Small Business Administration
3/10/2033
5.2
522
0.3
AMERICAN TOWER TRUST I
3/15/2028
5.5
522
0.3
UBS Commercial Mortgage Trust
10/15/2051
4.2
520
0.3
HEALTHPEAK OP LLC
7/15/2026
3.3
519
0.2
LIBERTY MUTUAL GROUP INC
2/1/2029
4.6
519
0.2
CVS PASS THRU TR 2009
7/10/2031
8.4
515
0.2
GS Mortgage Securities Trust
10/10/2049
2.9
515
0.2
Fannie Mae
6/1/2050
3.5
514
0.2
Fannie Mae
7/1/2052
5.0
512
0.2
Freddie Mac
5/1/2053
5.0
510
0.2
Fannie Mae
6/1/2051
2.5
506
0.2
SALES TAX SECURITIZATION CORP
1/1/2040
4.6
506
0.2
AT&T INC
6/12/2024
4.0
506
0.2
Home Partners of America Trust
4/17/2039
3.9
497
0.2
CIFC Funding Ltd
1/20/2037
0.0
497
0.2
FEDERAL REALTY OP LP
2/15/2026
1.3
492
0.2
ENERGY TRANSFER LP
7/15/2026
3.9
491
0.2
UBS GROUP AG
4/15/2026
4.1
489
0.2
Fannie Mae
8/1/2053
5.0
486
0.2
PG&E WILDFIRE RECOVERY
6/1/2032
3.6
484
0.2
Fannie Mae
3/1/2038
1.0
464
0.2
CREDIT SUISSE NEW YORK
1/9/2025
8.0
458
0.2
FERGUSON FINANCE PLC
6/2/2030
3.3
457
0.2
Fannie Mae
11/1/2052
5.5
456
0.2
Freddie Mac
7/1/2035
3.0
456
0.2
MACQUARIE GROUP LTD
1/12/2027
1.3
453
0.2
Freddie Mac
12/1/2037
4.0
451
0.2
SBA TOWER TRUST
5/15/2051
1.6
447
0.2
Palmer Square CLO Ltd
10/17/2031
0.0
447
0.2
Government National Mortgage A
6/20/2045
4.5
428
0.2
NXP BV/NXP FDG/NXP USA
5/1/2027
3.1
427
0.2
Progress Residential Trust
9/17/2036
2.3
427
0.2
NATIONAL SECS CLEARING
5/30/2028
5.0
426
0.2
Fannie Mae
3/1/2046
4.0
426
0.2
ELEVANCE HEALTH INC
2/15/2033
4.8
425
0.2
Dominos Pizza Master Issuer LL
4/25/2051
2.7
424
0.2
NEW YORK CITY NY TRANSITIONAL
8/1/2032
4.0
420
0.2
VERISK ANALYTICS INC
5/15/2050
3.6
413
0.2
GA GLOBAL FUNDING TRUST
4/11/2025
3.9
412
0.2
NORTHERN STATES PWR-MINN
6/1/2036
6.3
411
0.2
NORTHROP GRUMMAN CORP
5/1/2050
5.3
410
0.2
WARNERMEDIA HOLDINGS INC
3/15/2052
5.1
404
0.2
GENERAL MOTORS FINL CO
10/15/2028
2.4
403
0.2
PNC FINANCIAL SERVICES
1/24/2034
5.1
401
0.2
Progress Residential Trust
10/17/2036
2.7
401
0.2
COMM Mortgage Trust
6/10/2047
3.5
401
0.2
AIA GROUP LTD
4/9/2029
3.6
397
0.2
BX Trust
9/15/2036
0.8
393
0.2
Fannie Mae
7/1/2050
3.0
392
0.2
Bank of America Credit Card Tr
4/15/2028
5.0
368
0.2
AMSR Trust
10/17/2038
1.5
368
0.2
Fannie Mae
8/1/2052
5.0
367
0.2
Wells Fargo Commercial Mortgag
11/15/2048
3.7
366
0.2
MERCEDES-BENZ AUTO RECEIVABLES
2/15/2029
5.3
366
0.2
CALIFORNIA ST
4/1/2034
7.5
365
0.2
COMM Mortgage Trust
10/10/2049
2.8
361
0.2
Small Business Administration
5/1/2047
3.9
361
0.2
Small Business Administration
12/1/2047
4.7
361
0.2
AVIATION CAPITAL GROUP
7/15/2030
6.4
361
0.2
Palmer Square CLO Ltd
11/15/2036
1.0
360
0.2
WENDYS FUNDING LLC
6/15/2049
3.8
353
0.2
Small Business Administration
12/1/2048
5.3
352
0.2
Fannie Mae
2/1/2052
2.5
348
0.2
Fannie Mae
12/1/2040
3.0
347
0.2
Aligned Data Centers Issuer LL
8/15/2046
1.9
346
0.2
Fannie Mae
12/1/2050
2.0
342
0.2
Freddie Mac
1/1/2050
3.0
342
0.2
Fannie Mae
2/1/2052
2.5
340
0.2
VOLKSWAGEN GROUP AMERICA
6/8/2029
4.6
339
0.2
COMCAST CORP
1/15/2027
2.4
338
0.2
BENCHMARK Mortgage Trust
6/15/2054
2.4
338
0.2
Fannie Mae
11/1/2050
2.0
336
0.2
Firstkey Homes Trust
8/17/2038
1.5
335
0.2
BAE SYSTEMS PLC
4/15/2030
3.4
333
0.2
Firstkey Homes Trust
10/19/2037
1.3
331
0.2
Palmer Square Loan Funding Ltd
5/20/2029
6.4
329
0.2
Fannie Mae
3/1/2035
2.5
327
0.2
COX COMMUNICATIONS INC
10/1/2030
1.8
325
0.2
Fannie Mae
7/1/2050
5.0
324
0.2
AMERICAN EXPRESS CO
5/1/2034
5.0
322
0.2
DUKE ENERGY FLORIDA LLC
7/15/2028
3.8
321
0.2
Palmer Square Loan Funding Ltd
10/15/2030
0.0
319
0.2
ORACLE CORP
3/25/2026
1.6
317
0.2
CIFC Funding Ltd
7/18/2031
6.4
315
0.2
TORONTO DOMINION BANK
1/12/2027
1.9
314
0.2
Freddie Mac
12/1/2046
3.0
313
0.2
BANK OF NY MELLON CORP
10/25/2028
5.8
311
0.1
MITSUBISHI UFJ FIN GRP
7/20/2028
5.0
310
0.1
CIGNA GROUP/THE
3/1/2027
3.4
309
0.1
MACQUARIE GROUP LTD
1/15/2030
5.0
307
0.1
EQUITABLE FINANCIAL LIFE
7/7/2025
1.4
307
0.1
Tricon American Homes
7/17/2038
1.5
305
0.1
ABBVIE INC
5/14/2035
4.5
303
0.1
DELTA AIR LINES 2015-1AA
1/30/2029
3.6
301
0.1
Freddie Mac
10/1/2052
5.0
300
0.1
BERKSHIRE HATHAWAY ENERG
4/1/2036
6.1
299
0.1
Fannie Mae
7/1/2035
3.0
293
0.1
Discover Card Execution Note T
10/15/2027
4.6
292
0.1
Small Business Administration
2/1/2048
4.6
291
0.1
Fannie Mae
8/1/2050
3.0
287
0.1
BX Trust
12/9/2040
1.0
285
0.1
PG&E WILDFIRE RECOVERY
6/1/2033
4.0
285
0.1
SOUTHERN CO
7/1/2036
4.3
283
0.1
GM Financial Securitized Term
12/16/2027
3.7
281
0.1
Fannie Mae
9/1/2049
1.0
278
0.1
Freddie Mac
1/1/2033
3.0
277
0.1
ORACLE CORP
3/25/2051
4.0
269
0.1
Small Business Administration
7/1/2038
3.5
261
0.1
ALEXANDRIA REAL ESTATE E
7/1/2030
4.7
260
0.1
NXP BV/NXP FDG/NXP USA
5/1/2025
2.7
256
0.1
OCCIDENTAL PETROLEUM COR
10/10/2036
0.0
254
0.1
Morgan Stanley BAML Trust
10/15/2048
3.4
252
0.1
ROGERS COMMUNICATIONS IN
10/1/2043
5.5
250
0.1
LINCOLN NATIONAL CORP
1/15/2031
3.4
248
0.1
JPMORGAN CHASE & CO
3/24/2031
4.5
244
0.1
Fannie Mae
3/1/2051
2.0
243
0.1
Ford Credit Auto Owner Trust/F
8/15/2031
2.0
242
0.1
Freddie Mac
3/1/2051
2.5
237
0.1
SBA TOWER TRUST
1/15/2028
6.6
237
0.1
Fannie Mae
3/1/2051
2.0
236
0.1
AQUARION CO
8/15/2024
4.0
236
0.1
AIR CANADA 2015-1A PTT
9/15/2028
3.6
234
0.1
Fannie Mae
1/1/2048
4.0
233
0.1
ALEXANDRIA REAL ESTATE E
5/18/2032
2.0
233
0.1
EXELON CORP
6/15/2045
5.1
232
0.1
GENERAL MOTORS FINL CO
4/6/2029
4.3
231
0.1
LOCKHEED MARTIN CORP
5/15/2046
4.7
230
0.1
PFS Financing Corp.
8/15/2027
4.3
228
0.1
HSBC HOLDINGS PLC
11/3/2028
7.4
227
0.1
FRESB Multifamily Mortgage Pas
2/25/2039
2.5
227
0.1
Fannie Mae
11/1/2051
2.5
227
0.1
CITIGROUP INC
10/27/2028
3.5
226
0.1
FORD MOTOR CREDIT CO LLC
2/16/2028
2.9
226
0.1
WASTE MANAGEMENT INC
4/15/2032
4.2
225
0.1
Freddie Mac
12/1/2052
5.5
224
0.1
AT&T INC
6/1/2027
2.3
223
0.1
SOUTHERN CO
7/1/2026
3.3
222
0.1
MOODY'S CORPORATION
5/20/2050
3.3
221
0.1
Freddie Mac - SCRT
3/25/2061
2.0
220
0.1
Government National Mortgage A
8/20/2047
4.5
220
0.1
Navient Student Loan Trust
7/15/2069
0.9
219
0.1
Fannie Mae
9/1/2050
4.5
219
0.1
Vantage Data Centers LLC
9/15/2045
2.0
219
0.1
XCEL ENERGY INC
6/1/2030
3.4
213
0.1
CANADIAN PACIFIC RAILWAY
9/15/2115
6.1
213
0.1
Home Partners of America Trust
1/17/2041
1.5
211
0.1
COMM Mortgage Trust
12/10/2047
3.5
211
0.1
Fannie Mae
10/1/2047
4.5
200
0.1
Freddie Mac
2/1/2046
4.0
199
0.1
Freddie Mac - SCRT
9/25/2060
2.0
198
0.1
EVERSOURCE ENERGY
10/1/2024
2.9
196
0.1
Sabey Data Center Issuer LLC
4/20/2045
3.8
195
0.1
Fannie Mae
4/1/2049
4.0
194
0.1
LOWE'S COS INC
4/15/2040
5.0
194
0.1
SOUTHERN CO GAS CAPITAL
1/15/2031
1.8
188
0.1
STORE Master Funding LLC
10/20/2048
4.3
188
0.1
BX Commercial Mortgage Trust 2
10/15/2036
2.9
187
0.1
UNITED AIR 2016-1 AA PTT
1/7/2030
3.1
185
0.1
Freddie Mac
6/1/2050
2.0
183
0.1
Fannie Mae
5/1/2046
4.5
183
0.1
Fannie Mae
7/1/2047
4.5
183
0.1
Freddie Mac
11/1/2043
3.0
182
0.1
PNC FINANCIAL SERVICES
10/20/2034
6.9
181
0.1
Stack Infrastructure Issuer LL
10/25/2044
3.1
180
0.1
PG&E WILDFIRE RECOVERY
6/1/2037
4.7
180
0.1
Small Business Administration
8/1/2035
2.8
168
0.1
WENDYS FUNDING LLC
6/15/2051
2.4
166
0.1
MASS MUTUAL LIFE INS CO
12/1/2052
5.7
166
0.1
BERKSHIRE HATHAWAY FIN
3/15/2052
3.9
166
0.1
CITIGROUP INC
5/1/2026
3.4
165
0.1
Small Business Administration
2/1/2038
3.2
163
0.1
CVS PASS-THROUGH TRUST
1/10/2033
5.8
163
0.1
Small Business Administration
11/1/2034
2.8
161
0.1
VERIZON COMMUNICATIONS
8/10/2033
4.5
158
0.1
Freddie Mac
12/1/2046
3.0
158
0.1
Freddie Mac - SCRT
8/25/2058
3.5
156
0.1
KKR GROUP FINANCE CO III
6/1/2044
5.1
156
0.1
CHICAGO IL MET WTR RECLAMATION
12/1/2038
5.7
155
0.1
Store Master Funding I - VII,
11/20/2049
2.8
151
0.1
Fannie Mae
6/1/2050
2.5
150
0.1
NORFOLK SOUTHERN CORP
10/1/2041
4.8
150
0.1
NORTHERN STATES PWR-MINN
6/1/2052
4.5
146
0.1
Freddie Mac - SCRT
5/25/2060
2.0
142
0.1
Fannie Mae
8/1/2050
2.5
141
0.1
Fannie Mae
2/1/2047
4.5
140
0.1
Freddie Mac - SCRT
8/25/2059
2.5
136
0.1
Fannie Mae
4/1/2045
4.0
135
0.1
Government National Mortgage A
9/20/2041
4.0
134
0.1
Small Business Administration
10/1/2037
2.9
133
0.1
MASS MUTUAL LIFE INS CO
4/15/2050
3.4
132
0.1
Freddie Mac
6/1/2047
2.2
131
0.1
Fannie Mae
12/1/2036
1.0
130
0.1
Freddie Mac
3/1/2049
4.5
124
0.1
LOWE'S COS INC
4/15/2053
5.6
123
0.1
Government National Mortgage A
9/15/2046
4.0
121
0.1
Freddie Mac - SCRT
11/25/2059
2.0
120
0.1
ALEXANDRIA REAL ESTATE E
4/15/2035
4.8
112
0.1
BLACKSTONE HOLDINGS FINA
9/30/2050
2.8
108
0.1
BANK OF AMERICA CORP
4/22/2042
3.3
103
0.0
Navient Student Loan Trust
5/15/2069
0.8
100
0.0
Government National Mortgage A
8/15/2045
4.0
98
0.0
Freddie Mac - SCRT
5/25/2057
3.0
97
0.0
Small Business Administration
8/1/2037
2.8
93
0.0
Freddie Mac
10/1/2046
3.0
89
0.0
GS Mortgage-Backed Securities
1/25/2051
3.0
87
0.0
Fannie Mae
6/1/2050
2.5
85
0.0
Government National Mortgage A
2/20/2046
4.5
78
0.0
CVS PASS-THROUGH TRUST
1/10/2028
5.9
73
0.0
MICHIGAN ST UNIV REVENUES
8/15/2122
4.2
67
0.0
LOWE'S COS INC
4/15/2046
3.7
61
0.0
Government National Mortgage A
1/15/2042
4.5
61
0.0
Small Business Administration
3/1/2032
2.5
59
0.0
EXELON CORP
4/15/2050
4.7
56
0.0
KKR GROUP FIN CO II
2/1/2043
5.5
52
0.0
Freddie Mac - SCRT
8/25/2056
3.0
49
0.0
PSMC Trust
5/25/2050
3.0
44
0.0
Total
--
--
205,398
99.1
Cash and Other Assets Less Liabilities
--
--
--
0.9
Total Net Assets
--
--
--
100%

As of 12/31/2023

Core Bond Fund (HACBX)

Bloomberg US Aggregate Bond Index

-

Securitized

HACBX: 36.4%

Benchmark: 28.7%

-

Government

HACBX: 32.5%

Benchmark: 42.6%

-

Credit

HACBX: 27.7%

Benchmark: 28.1%

-

Municipal

HACBX: 1.0%

Benchmark: 0.6%

HACBX: Core Bond Fund

Benchmark: Bloomberg US Aggregate Bond Index

As of 12/31/2023

Maturity

Core Bond Fund %

Bloomberg US Aggregate Bond Index %

0-1 yr
4.2
0.0
1-3 yr
18.1
22.5
3-5 yr
16.2
19.3
5-7 yr
11.2
14.0
7-10 yr
29.2
25.7
10-20 yr
13.2
7.4
20-30 yr
7.5
10.2
Over 30 yr
0.4
0.8

As of 12/31/2023

Duration

Core Bond Fund %

Bloomberg US Aggregate Bond Index %

0-1 yr
5.9
0.4
1-3 yr
20.6
25.2
3-5 yr
23.6
21.8
5-7 yr
19.6
19.4
7-10 yr
13.4
16.9
10-20 yr
16.8
16.0
20-30 yr
0.0
0.3
Over 30 yr
0.0
--

Investment Team


Income Research + Management logo on white background

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 strong 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.

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. 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. 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.

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

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Harbor Funds Distributors, Inc. is the Distributor of the Harbor Mutual Funds.
Foreside Fund Services, LLC is the Distributor of the Harbor ETFs.
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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.

All trademarks or product names mentioned herein are the property of their respective owners. Copyright © 2024 Harbor Capital Advisors, Inc. All rights reserved.