Harbor Ares Systematic Convertible Securities Fund - Investor Class (HICSX)
| Fund Assets | 39.63M |
| Expense Ratio | 1.06% |
| Min. Investment | $2,500 |
| Turnover | 160.00% |
| Dividend (ttm) | 0.24 |
| Dividend Yield | 1.61% |
| Dividend Growth | -28.32% |
| Payout Frequency | Quarterly |
| Ex-Dividend Date | Mar 31, 2026 |
| Previous Close | 14.97 |
| YTD Return | 13.04% |
| 1-Year Return | 35.50% |
| 5-Year Return | 39.27% |
| 52-Week Low | 11.34 |
| 52-Week High | 15.16 |
| Beta (5Y) | 0.58 |
| Holdings | 148 |
| Inception Date | May 1, 2011 |
About HICSX
The Harbor Convertible Securities Fund is a mutual fund specializing in convertible securities—financial instruments that blend features of both bonds and stocks. Its primary objective is to maximize total returns, aiming to deliver a combination of current income and capital appreciation. Under typical market conditions, the fund invests at least 80% of its net assets in a diversified portfolio of convertible securities, focusing predominantly on those denominated in U.S. dollars, but also including securities from foreign issuers and, occasionally, in other currencies. The fund's strategy is anchored in convertible bonds, which provide the potential for equity-like growth with the added stability and income characteristics of fixed-income assets. This unique positioning allows the fund to serve as a bridge between traditional equity and bond investments, appealing to investors seeking a balance of growth and risk mitigation. Managed by BlueCove Limited since March 2023, the Harbor Convertible Securities Fund draws on scientific investment processes to navigate the complexities of the convertible market and to adapt its holdings to evolving financial landscapes.
Performance
HICSX had a total return of 35.50% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.57%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FIQVX | Fidelity | Fidelity Advisor Convertible Securities Fund - Class Z | 0.55% |
| FTCVX | Fidelity | Fidelity Advisor Convertible Securities Fund - Class M | 1.19% |
| FCCVX | Fidelity | Fidelity Advisor Convertible Securities Fund - Class C | 1.71% |
| FICVX | Fidelity | Fidelity Advisor Convertible Securities Fund - Class I | 0.68% |
| FACVX | Fidelity | Fidelity Advisor Convertible Securities Fund - Class A | 0.94% |
Top 10 Holdings
19.45% of assets| Name | Symbol | Weight |
|---|---|---|
| Western Digital Corp. 3% | WDC.3 11.15.28 | 3.62% |
| Lumentum Holdings Inc. 1.5% | LITE.1.5 12.15.29 | 2.56% |
| Usd | n/a | 2.36% |
| Boeing Co 6% PRF CONVERT 15/10/2027 USD 50 - Dep Rep 1/20th Sr A | BA.6 10.15.27 | 2.16% |
| Wells Fargo & Co 7 1/2 % Non Cum Perp Conv Pfd Shs -A- Series -L- | WFC.7.5 PERP L | 1.61% |
| NextEra Energy Inc 7.299% CORP UNIT 01/06/2027 | NEE.7.299 06.01.27 | 1.56% |
| Lumentum Holdings Inc. 0.375% | LITE.0.375 03.15.32 | 1.46% |
| Akamai Technologies, Inc. 1.125% | AKAM.1.125 02.15.29 | 1.45% |
| Bloom Energy Corporation 0% | BE.0 11.15.30 | 1.35% |
| BWX Technologies Inc. 0% | BWXT.0 11.01.30 | 1.31% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Mar 31, 2026 | $0.02869 | Mar 31, 2026 |
| Dec 19, 2025 | $0.09845 | Dec 19, 2025 |
| Sep 30, 2025 | $0.04508 | Sep 30, 2025 |
| Jun 30, 2025 | $0.06892 | Jun 30, 2025 |
| Mar 31, 2025 | $0.04871 | Mar 31, 2025 |
| Dec 20, 2024 | $0.13024 | Dec 20, 2024 |