About HRBDX
Harbor Core Plus Fund Administrative Class is an intermediate core-plus bond mutual fund designed to provide investors with exposure to a diversified selection of fixed income securities. Its portfolio primarily consists of investment-grade bonds, including government and corporate issuers, but it also has the flexibility to allocate up to 25% of assets to below investment-grade securities, allowing for broader credit opportunities. The fund follows a disciplined, bottom-up security selection approach, focusing on fundamental credit research and active sector rotation based on relative value. Its team-oriented management process aims to construct a portfolio that is neutral with respect to duration and yield curve positioning, balancing risk and return by actively managing credit quality and interest rate sensitivity. Notable features include a medium credit quality and an effective duration of just over six years, which positions the fund in the intermediate-term category. The fund's largest holdings are U.S. Treasury securities, providing stability and liquidity, while corporate and securitized assets enhance yield potential. Harbor Core Plus Fund Administrative Class plays a significant role for institutional and high-net-worth investors seeking stable income with moderate risk in the fixed income market, and its strategy is particularly suitable for those seeking a core bond allocation with the potential for enhanced returns through skillful management and selective risk-taking.
Fund Family Harbor Capital Advisors Inc
Category Intermediate Core-Plus Bond
Performance Rating Average
Risk Rating Average
Stock Exchange Nasdaq
Ticker Symbol HRBDX
Share Class Administrative Class
Index Bloomberg U.S. Aggregate Bond TR
HRBDX had a total return of -1.61% in the past year, including dividends. Since the fund's
inception, the average annual return has been 3.58%.
