ContactHarbor Core Bond Fund (HACBX)
Harbor Core Bond Fund (HACBX)
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.
Resources
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Harbor Scientific Alpha Income ETF
Overview
Investment Team
As of 1/16/2025
$8.73
Price (NAV)
$0.02
NAV Daily Change ($)
0.23%
NAV Daily Change (%)
-0.11%
NAV YTD Return
4.61%
Current 30-Day Sub. SEC Yield
4.60%
Current 30-Day Unsub. SEC Yield
4.71%
Effective 30-Day Sub. SEC Yield
4.70%
Effective 30-Day Unsub. SEC Yield
As of 12/31/2024
6/1/2018
Inception Date
0.34
Net Expense Ratio
0.44
Gross Expense Ratio
$1,345.043
Total Fund Net Assets (million)
As of 12/31/2024
$120.381
Total Share Class Net Assets (million)
As of 12/31/2024
HACBX
Ticker
2043
Fund Number
Share Class:
Institutional 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
3 Mo.
YTD Return
1 Yr.
3 Yr.
5 Yr.
Since Fund Inception
Net Expense Ratio
Gross Expense Ratio
Core Bond Fund
-2.91%
1.56%
1.56%
-2.38%
-0.04%
1.44%
0.34%
0.44%
Bloomberg US Aggregate Bond Index
-3.06%
1.25%
1.25%
-2.41%
-0.33%
1.32%
--
--
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
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
12/19/2024
12/20/2024
12/20/2024
0.00000
0.04673
0.00000
--
0.00000
--
0.04673
0.00000
--
11/25/2024
11/26/2024
11/26/2024
0.00000
0.02662
0.00000
--
0.00000
--
0.02662
0.00000
--
10/29/2024
10/30/2024
10/30/2024
0.00000
0.03239
0.00000
--
0.00000
--
0.03239
0.00000
8.86
9/27/2024
9/30/2024
9/30/2024
0.00000
0.03236
0.00000
--
0.00000
--
0.03236
0.00000
9.11
8/29/2024
8/30/2024
8/30/2024
0.00000
0.03142
0.00000
--
0.00000
--
0.03142
0.00000
9.02
7/30/2024
7/31/2024
7/31/2024
0.00000
0.03590
0.00000
--
0.00000
--
0.03590
0.00000
8.94
6/27/2024
6/28/2024
6/28/2024
0.00000
0.02948
0.00000
--
0.00000
--
0.02948
0.00000
8.77
5/30/2024
5/31/2024
5/31/2024
0.00000
0.03208
0.00000
--
0.00000
--
0.03208
0.00000
8.71
4/29/2024
4/30/2024
4/30/2024
0.00000
0.03365
0.00000
--
0.00000
--
0.03365
0.00000
8.59
3/27/2024
3/28/2024
3/28/2024
0.00000
0.02509
0.00000
--
0.00000
--
0.02509
0.00000
--
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
Full Holdings
As of 12/31/2024
Download: Full Holdings (csv)
Name
Maturity Date
Coupon Rate (%)
Market Value ($000's)
% of Net Assets
US TREASURY N/B
2/15/2044
4.5
66,671
5.0
US TREASURY N/B
2/15/2054
4.3
52,320
3.9
US TREASURY N/B
7/31/2029
4.0
37,365
2.8
US TREASURY N/B
8/15/2027
3.8
36,021
2.7
US TREASURY N/B
8/15/2043
4.4
32,803
2.4
US TREASURY N/B
11/30/2029
4.1
27,853
2.1
US TREASURY N/B
8/15/2054
4.3
23,885
1.8
US TREASURY N/B
5/15/2044
4.6
22,551
1.7
US TREASURY N/B
11/15/2034
4.3
22,121
1.6
US TREASURY N/B
4/30/2029
4.6
13,139
1.0
Freddie Mac
1/1/2052
2.5
10,207
0.8
Government National Mortgage A
9/20/2051
2.5
10,043
0.7
Freddie Mac
5/1/2053
4.5
10,001
0.7
PENSKE TRUCK LEASING/PTL
5/1/2028
5.5
9,333
0.7
US TREASURY N/B
4/30/2026
4.9
8,812
0.7
Freddie Mac
8/1/2051
2.5
8,810
0.7
US TREASURY N/B
1/31/2026
4.3
8,252
0.6
COLUMBIA PIPELINES OPCO
11/15/2033
6.0
8,042
0.6
Fannie Mae
7/1/2052
4.0
7,938
0.6
Fannie Mae
6/1/2051
3.0
7,862
0.6
BANK OF AMERICA CORP
10/20/2032
2.6
7,566
0.6
GOLDMAN SACHS GROUP INC
3/15/2030
3.8
7,417
0.6
TSY INFL IX N/B
1/15/2030
0.1
6,721
0.5
COREBRIDGE GLOB FUNDING
1/12/2029
5.2
6,590
0.5
Small Business Administration
9/10/2033
5.7
6,567
0.5
AERCAP IRELAND CAP/GLOBA
4/15/2027
6.5
6,497
0.5
CHARTER COMM OPT LLC/CAP
10/23/2035
6.4
6,464
0.5
SBA TOWER TRUST
10/15/2029
4.8
6,386
0.5
BNP PARIBAS
8/14/2028
4.4
6,383
0.5
APPLOVIN CORP
12/1/2029
5.1
6,237
0.5
Freddie Mac
7/1/2049
4.0
6,213
0.5
MORGAN STANLEY
4/1/2031
3.6
6,194
0.5
Small Business Administration
11/1/2049
5.0
6,180
0.5
JPMORGAN CHASE & CO
7/23/2029
4.2
6,172
0.5
Fannie Mae
8/1/2050
3.0
6,016
0.4
Barclays Commercial Mortgage S
7/15/2057
6.0
6,011
0.4
BERKSHIRE HATHAWAY ENERG
1/15/2049
4.5
5,940
0.4
Freddie Mac
10/1/2048
4.5
5,887
0.4
NORDSON CORP
12/15/2029
4.5
5,860
0.4
Bank5
9/15/2056
6.7
5,854
0.4
BLACKSTONE REG FINANCE
12/6/2034
5.0
5,594
0.4
Freddie Mac
1/1/2049
4.0
5,546
0.4
Progress Residential Trust
7/17/2041
3.1
5,444
0.4
FOUNDRY JV HOLDCO LLC
1/25/2035
6.3
5,434
0.4
SCHLUMBERGER HLDGS CORP
5/17/2028
3.9
5,403
0.4
VIRGINIA POWER FUEL SEC
5/1/2033
4.9
5,397
0.4
EVERSOURCE ENERGY
3/1/2028
5.5
5,365
0.4
Golub Capital Partners CLO, LT
10/15/2037
0.0
5,348
0.4
Fannie Mae
4/1/2052
2.5
5,286
0.4
Freddie Mac
9/1/2033
3.5
5,274
0.4
TRUIST FINANCIAL CORP
1/24/2035
5.7
5,258
0.4
Fannie Mae
4/1/2052
2.5
5,248
0.4
Freddie Mac
2/1/2054
5.5
5,208
0.4
SUBWAY FUNDING LLC
7/30/2054
6.3
5,182
0.4
Fannie Mae
3/1/2048
3.5
5,155
0.4
Freddie Mac
4/1/2052
2.5
5,143
0.4
Tricon Residential
6/17/2040
4.8
5,134
0.4
BENCHMARK Mortgage Trust
3/15/2057
5.9
5,085
0.4
BAE SYSTEMS PLC
4/15/2030
3.4
5,053
0.4
LLOYDS BANKING GROUP PLC
11/26/2028
1.0
5,010
0.4
Fannie Mae
12/1/2050
4.5
4,952
0.4
Freddie Mac
8/1/2047
4.0
4,944
0.4
Freddie Mac
9/1/2049
3.0
4,942
0.4
Fannie Mae
11/1/2050
2.5
4,855
0.4
Barclays Commercial Mortgage S
5/15/2057
1.0
4,831
0.4
Fannie Mae
6/1/2054
5.0
4,792
0.4
SBNA Auto Lease Trust
11/22/2027
5.9
4,788
0.4
RYDER SYSTEM INC
6/1/2028
5.3
4,769
0.4
Freddie Mac
3/1/2054
5.5
4,700
0.3
EXELON CORP
4/15/2046
4.5
4,686
0.3
HEALTH CARE SERVICE CORP
6/15/2029
5.2
4,665
0.3
Fannie Mae
7/1/2052
5.0
4,637
0.3
SOUTHERN CO GAS CAPITAL
9/15/2034
5.0
4,629
0.3
Freddie Mac
4/1/2050
3.5
4,593
0.3
CAPITAL ONE FINANCIAL CO
2/1/2035
6.1
4,470
0.3
Fannie Mae
8/1/2052
5.0
4,464
0.3
NORTHERN STATES PWR-MINN
6/1/2036
6.3
4,431
0.3
Small Business Administration
4/1/2049
5.4
4,389
0.3
VERIZON COMMUNICATIONS
3/15/2032
2.4
4,347
0.3
Freddie Mac
3/1/2054
5.5
4,324
0.3
Freddie Mac
3/1/2054
5.5
4,323
0.3
Freddie Mac
5/1/2053
5.0
4,307
0.3
UBER TECHNOLOGIES INC
1/15/2030
4.3
4,270
0.3
Bank5
4/15/2056
6.3
4,242
0.3
BENCHMARK Mortgage Trust
11/15/2056
6.8
4,225
0.3
ENERGY TRANSFER LP
2/15/2033
5.8
4,197
0.3
Small Business Administration
6/1/2049
5.0
4,185
0.3
FERGUSON FINANCE PLC
6/2/2030
3.3
4,173
0.3
GATX CORP
6/5/2054
6.0
4,110
0.3
HYUNDAI CAPITAL AMERICA
9/26/2029
4.5
4,109
0.3
Fannie Mae
8/1/2045
1.0
4,088
0.3
Fannie Mae
10/1/2053
5.5
4,084
0.3
FORD MOTOR CREDIT CO LLC
2/10/2029
2.9
4,082
0.3
Fannie Mae
4/1/2052
2.5
4,063
0.3
VERISK ANALYTICS INC
6/5/2034
5.3
4,054
0.3
Small Business Administration
3/10/2034
5.0
4,039
0.3
BANK OF AMERICA CORP
7/22/2028
4.9
3,949
0.3
DIAMONDBACK ENERGY INC
1/30/2030
5.2
3,890
0.3
APTIV SWISS HOLDINGS LTD
3/1/2032
3.3
3,852
0.3
Fannie Mae
4/1/2052
2.5
3,849
0.3
Small Business Administration
2/1/2049
5.1
3,844
0.3
COX COMMUNICATIONS INC
6/15/2033
5.7
3,775
0.3
Fannie Mae
3/1/2052
2.5
3,768
0.3
CITIGROUP INC
9/19/2030
4.5
3,765
0.3
General Motors
3/15/2031
5.1
3,749
0.3
AIA GROUP LTD
4/5/2034
5.4
3,661
0.3
ALEXANDRIA REAL ESTATE E
5/18/2032
2.0
3,641
0.3
SONOCO PRODUCTS CO
9/1/2034
5.0
3,613
0.3
Freddie Mac
4/1/2047
3.0
3,608
0.3
Barclays Commercial Mortgage S
3/15/2057
5.9
3,575
0.3
Fannie Mae
9/1/2052
5.0
3,500
0.3
MET LIFE GLOB FUNDING I
1/8/2029
4.8
3,495
0.3
KKR GRP FIN CO VI LLC
7/1/2029
3.8
3,449
0.3
Fannie Mae
11/1/2050
4.0
3,443
0.3
ASHTEAD CAPITAL INC
4/15/2034
5.8
3,443
0.3
BROADCOM INC
4/15/2029
4.0
3,440
0.3
Palmer Square CLO Ltd
10/20/2037
0.0
3,437
0.3
Freddie Mac
6/1/2034
3.0
3,376
0.3
VOLKSWAGEN GROUP AMERICA
11/13/2028
4.8
3,255
0.2
Fannie Mae
10/1/2048
4.5
3,231
0.2
FIVE 2023-V1
2/10/2056
5.7
3,214
0.2
Fannie Mae
7/1/2048
4.5
3,202
0.2
CITIGROUP INC
3/31/2031
4.4
3,201
0.2
T-MOBILE USA INC
4/15/2034
5.2
3,187
0.2
Government National Mortgage A
1/20/2041
1.8
3,182
0.2
HEALTHPEAK OP LLC
2/1/2027
1.4
3,181
0.2
NextGear Floorplan Master Owne
3/15/2029
5.1
3,180
0.2
Elmwood CLO 31 Ltd
7/17/2037
1.0
3,180
0.2
MORGAN STANLEY
1/21/2033
2.9
3,180
0.2
Fannie Mae
5/1/2035
3.5
3,179
0.2
Fannie Mae
9/1/2053
5.5
3,176
0.2
Fannie Mae
1/25/2047
5.5
3,175
0.2
US BANCORP
2/1/2034
4.8
3,174
0.2
Fannie Mae
9/1/2049
1.0
3,172
0.2
ROGERS COMMUNICATIONS IN
3/15/2027
3.2
3,150
0.2
PNC FINANCIAL SERVICES
1/22/2035
5.7
3,132
0.2
JPMORGAN CHASE & CO
1/23/2035
5.3
3,112
0.2
ING GROEP NV
9/11/2034
6.1
3,108
0.2
NXP BV/NXP FDG/NXP USA
6/18/2029
4.3
3,094
0.2
Morgan Stanley Capital I Trust
3/15/2049
3.6
3,092
0.2
T-MOBILE USA INC
7/15/2033
5.0
3,067
0.2
Tricon Residential
12/17/2040
5.0
3,050
0.2
WENDYS FUNDING LLC
6/15/2049
4.1
3,034
0.2
Elmwood CLO 30 Ltd
7/17/2037
0.0
2,995
0.2
Small Business Administration
3/1/2049
5.0
2,990
0.2
Tricon Residential
8/17/2041
4.5
2,982
0.2
BX Trust
3/15/2041
1.0
2,936
0.2
Freddie Mac
10/1/2047
4.0
2,935
0.2
Freddie Mac
7/1/2053
5.5
2,908
0.2
Fannie Mae
5/1/2052
3.5
2,877
0.2
PFS Financing Corp.
4/15/2029
5.3
2,874
0.2
Fannie Mae
9/1/2051
2.5
2,873
0.2
DTE ENERGY CO
6/1/2034
5.8
2,844
0.2
MACQUARIE GROUP LTD
1/15/2030
5.0
2,842
0.2
GENERAL MOTORS FINL CO
2/8/2031
5.8
2,787
0.2
AIR LEASE CORP
8/15/2026
1.9
2,771
0.2
CONSUMERS 23 SECURE FUND
9/1/2031
5.2
2,759
0.2
BX Trust
10/13/2027
5.8
2,714
0.2
DUKE ENERGY FLORIDA LLC
7/15/2028
3.8
2,699
0.2
VOLKSWAGEN GROUP AMERICA
6/8/2029
4.6
2,693
0.2
SIMON PROPERTY GROUP LP
3/8/2033
5.5
2,691
0.2
Fannie Mae
2/1/2052
2.5
2,669
0.2
MET LIFE GLOB FUNDING I
3/21/2029
3.3
2,655
0.2
BLACKSTONE HOLDINGS FINA
4/22/2033
6.2
2,641
0.2
AIR LEASE CORP
7/15/2031
5.2
2,620
0.2
Fannie Mae
2/1/2034
3.0
2,618
0.2
Fannie Mae
9/1/2036
2.5
2,616
0.2
PNC FINANCIAL SERVICES
12/2/2028
5.4
2,608
0.2
GA GLOBAL FUNDING TRUST
1/8/2029
5.5
2,583
0.2
GEN LUX SARL/GEN USA INC
6/4/2029
6.0
2,524
0.2
Avis Budget Rental Car Funding
12/20/2030
5.2
2,521
0.2
BENCHMARK Mortgage Trust
1/10/2057
5.8
2,503
0.2
Small Business Administration
8/1/2048
5.2
2,499
0.2
Morgan Stanley BAML Trust
5/15/2049
3.1
2,475
0.2
ING GROEP NV
3/19/2030
1.0
2,471
0.2
Morgan Stanley Capital I Trust
8/15/2049
2.8
2,469
0.2
Fannie Mae
1/1/2032
2.5
2,459
0.2
NEW HAMPSHIRE ST HLTH & EDU FA
11/1/2034
5.0
2,451
0.2
MITSUBISHI UFJ FIN GRP
7/20/2028
5.0
2,435
0.2
GA GLOBAL FUNDING TRUST
12/9/2031
5.2
2,430
0.2
BARCLAYS PLC
9/13/2029
6.5
2,429
0.2
Sequoia Mortgage Trust
6/25/2054
6.0
2,427
0.2
Taco Bell Funding, LLC
8/25/2051
1.9
2,388
0.2
Small Business Administration
7/1/2048
5.2
2,358
0.2
AVIATION CAPITAL GROUP
7/15/2030
6.4
2,342
0.2
Freddie Mac
4/1/2036
2.5
2,339
0.2
HEALTH CARE SERVICE CORP
6/1/2030
2.2
2,335
0.2
JP Morgan Mortgage Trust
11/25/2054
6.0
2,334
0.2
DTE ENERGY CO
6/1/2028
4.9
2,299
0.2
Morgan Stanley BAML Trust
4/15/2048
3.3
2,287
0.2
CITIGROUP INC
10/27/2028
3.5
2,271
0.2
COMM Mortgage Trust
2/10/2049
3.8
2,232
0.2
Fannie Mae
2/1/2052
2.0
2,216
0.2
Government National Mortgage A
11/20/2040
1.8
2,216
0.2
GM Financial Automobile Leasin
3/22/2027
5.1
2,214
0.2
TORONTO DOMINION BANK
1/12/2027
1.9
2,214
0.2
Dominos Pizza Master Issuer LL
4/25/2051
2.7
2,210
0.2
ROGERS COMMUNICATIONS IN
3/15/2032
3.8
2,196
0.2
DB Master Finance LLC
11/20/2051
2.0
2,178
0.2
TEXAS NATURAL GAS SECURITIZTN
4/1/2035
5.1
2,167
0.2
PFS Financing Corp.
2/15/2029
5.0
2,142
0.2
AMERICAN EXPRESS CO
2/16/2028
1.0
2,133
0.2
Fannie Mae
1/1/2052
1.0
2,130
0.2
General Motors
6/15/2030
5.3
2,123
0.2
BARCLAYS PLC
3/12/2030
5.7
2,121
0.2
Fannie Mae
6/1/2050
5.0
2,084
0.2
Planet Fitness Master Issuer L
6/5/2054
5.8
2,069
0.2
GoldenTree Loan Management US
4/20/2034
6.6
2,050
0.2
JP Morgan Mortgage Trust
10/25/2054
6.0
2,040
0.2
Freddie Mac
8/1/2050
3.0
2,039
0.2
Fannie Mae
10/1/2052
4.5
2,037
0.2
Kubota Credit Owner Trust
7/17/2028
5.1
2,024
0.2
L3HARRIS TECH INC
8/15/2054
5.5
2,019
0.2
ORACLE CORP
3/25/2051
4.0
1,988
0.1
Fannie Mae
11/1/2047
3.5
1,980
0.1
Aimco
4/20/2034
1.0
1,935
0.1
Fannie Mae
1/1/2048
3.5
1,913
0.1
AMAZON.COM INC
4/13/2062
4.1
1,898
0.1
Fannie Mae
8/1/2052
4.5
1,892
0.1
Freddie Mac
9/1/2051
2.5
1,885
0.1
Freddie Mac
5/1/2053
5.5
1,882
0.1
Wells Fargo Commercial Mortgag
8/15/2054
2.3
1,830
0.1
DB Master Finance LLC
11/20/2047
4.0
1,812
0.1
Small Business Administration
12/1/2048
5.3
1,786
0.1
MACQUARIE GROUP LTD
12/7/2034
6.3
1,779
0.1
BANK OF AMERICA CORP
4/22/2042
3.3
1,739
0.1
NORTHERN NATURAL GAS CO
2/1/2054
5.6
1,720
0.1
Fannie Mae
9/1/2050
2.5
1,711
0.1
AERCAP IRELAND CAP/GLOBA
1/19/2029
5.1
1,661
0.1
JPMBB Commercial Mortgage Secu
10/15/2048
3.2
1,655
0.1
Freddie Mac
12/1/2046
3.0
1,646
0.1
Freddie Mac
11/1/2051
2.5
1,643
0.1
CIFC Funding Ltd
4/17/2035
6.6
1,633
0.1
Citigroup Commercial Mortgage
8/10/2049
2.6
1,631
0.1
SBA TOWER TRUST
1/15/2028
6.6
1,619
0.1
BROOKFIELD FIN I UK PLC
1/30/2032
2.3
1,588
0.1
Freddie Mac
11/1/2053
5.0
1,564
0.1
CIFC Funding Ltd
7/21/2037
0.0
1,559
0.1
US BANCORP
1/23/2035
5.7
1,558
0.1
Avis Budget Rental Car Funding
6/20/2030
5.4
1,537
0.1
FORD MOTOR CREDIT CO LLC
2/16/2028
2.9
1,506
0.1
Small Business Administration
3/10/2033
5.2
1,496
0.1
NORTHROP GRUMMAN CORP
5/1/2050
5.3
1,462
0.1
COX COMMUNICATIONS INC
9/15/2026
3.4
1,460
0.1
Enterprise Fleet Financing LLC
3/20/2030
6.5
1,457
0.1
BROOKFIELD FINANCE INC
1/25/2028
3.9
1,451
0.1
HEALTHPEAK OP LLC
7/15/2026
3.3
1,443
0.1
PEACHTREE FUNDING TRUST
2/15/2025
4.0
1,442
0.1
Fannie Mae
12/1/2051
3.0
1,437
0.1
FLORIDA POWER & LIGHT CO
2/3/2032
2.5
1,410
0.1
BX Trust
9/15/2036
6.1
1,401
0.1
Freddie Mac
12/1/2053
5.5
1,352
0.1
Citizens Auto Receivables Trus
4/17/2028
0.0
1,295
0.1
SFS Auto Receivables Securitiz
5/21/2029
4.9
1,287
0.1
Fannie Mae
8/1/2052
5.0
1,280
0.1
Small Business Administration
1/1/2049
5.0
1,263
0.1
PRUDENTIAL FUNDING ASIA
3/24/2032
3.6
1,246
0.1
Verizon Master Trust
12/20/2028
5.0
1,241
0.1
CONSTELLATION SOFTWARE
2/16/2034
5.5
1,225
0.1
GM Financial Securitized Term
12/18/2028
5.3
1,211
0.1
HYUNDAI CAPITAL AMERICA
6/24/2029
5.3
1,207
0.1
NXP BV/NXP FDG/NXP USA
5/1/2027
3.1
1,184
0.1
Small Business Administration
11/1/2048
5.7
1,155
0.1
LLOYDS BANKING GROUP PLC
1/5/2035
5.7
1,141
0.1
DOMINION ENERGY INC
8/1/2033
5.3
1,136
0.1
VERISK ANALYTICS INC
4/1/2033
5.8
1,134
0.1
PNC FINANCIAL SERVICES
1/24/2034
5.1
1,131
0.1
Apidos CLO Ltd
4/26/2037
0.0
1,129
0.1
Freddie Mac
9/1/2053
5.5
1,118
0.1
Palmer Square CLO Ltd
4/15/2037
1.0
1,114
0.1
NextGear Floorplan Master Owne
3/15/2028
5.7
1,102
0.1
Fannie Mae
10/1/2050
2.0
1,061
0.1
GENERAL MOTORS FINL CO
10/15/2028
2.4
1,050
0.1
CANADIAN PACIFIC RAILWAY
11/15/2069
4.2
1,048
0.1
EVERSOURCE ENERGY
3/1/2027
2.9
1,037
0.1
Progress Residential Trust
4/17/2027
3.0
1,035
0.1
Ford Credit Auto Owner Trust/F
2/15/2036
5.3
1,019
0.1
BROADCOM INC
9/15/2028
4.1
1,018
0.1
Small Business Administration
1/1/2048
4.9
1,016
0.1
Small Business Administration
11/1/2047
5.1
1,007
0.1
Fannie Mae
2/1/2050
3.0
1,003
0.1
Freddie Mac
7/1/2050
2.5
986
0.1
GENERAL MOTORS FINL CO
4/6/2029
4.3
938
0.1
Freddie Mac - SCRT
3/25/2058
3.5
913
0.1
Fannie Mae
2/1/2047
3.5
905
0.1
Fannie Mae
8/1/2052
5.0
893
0.1
AIR LEASE CORP
3/1/2025
3.3
873
0.1
Fannie Mae
8/1/2048
4.5
860
0.1
AERCAP IRELAND CAP/GLOBA
10/29/2028
3.0
839
0.1
CVS PASS THRU TR 2009
7/10/2031
8.4
839
0.1
CIGNA GROUP/THE
3/1/2027
3.4
830
0.1
GoldenTree Loan Management US
7/20/2036
7.0
826
0.1
WENDYS FUNDING LLC
6/15/2051
2.8
824
0.1
CAPITAL ONE FINANCIAL CO
2/1/2029
5.5
819
0.1
AMSR Trust
7/17/2037
1.6
808
0.1
Fannie Mae
1/1/2049
4.0
807
0.1
MASS MUTUAL LIFE INS CO
4/15/2050
3.4
764
0.1
AMSR Trust
10/17/2039
4.0
761
0.1
Fannie Mae
5/1/2037
3.5
755
0.1
Fannie Mae
2/1/2050
4.5
748
0.1
Freddie Mac
5/1/2042
3.5
742
0.1
DOMINION ENERGY INC
4/1/2030
3.4
722
0.1
BENCHMARK Mortgage Trust
5/15/2055
5.8
715
0.1
UNITED AIR 2014-1 A PTT
10/11/2027
4.0
698
0.1
Bank
7/15/2060
3.5
684
0.1
Fannie Mae
10/1/2050
2.5
678
0.1
LOWE'S COS INC
4/15/2053
5.6
670
0.0
MORGAN STANLEY
7/27/2026
3.1
650
0.0
CIFC Funding Ltd
4/19/2029
6.4
649
0.0
Fannie Mae
4/1/2051
2.5
637
0.0
Fannie Mae
8/1/2050
2.0
630
0.0
Small Business Administration
3/1/2048
4.9
628
0.0
BMW US CAPITAL LLC
4/1/2027
3.5
618
0.0
Freddie Mac
5/1/2052
2.5
608
0.0
BLACKSTONE HOLDINGS FINA
9/10/2049
3.5
598
0.0
Government National Mortgage A
1/20/2051
2.5
596
0.0
Morgan Stanley BAML Trust
10/15/2048
3.5
592
0.0
NXP BV/NXP FDG/NXP USA
5/1/2025
2.7
591
0.0
Fannie Mae
6/1/2050
2.5
583
0.0
BMO Mortgage Trust
12/15/2056
6.2
582
0.0
SBA TOWER TRUST
10/15/2056
2.6
581
0.0
PEACEHEALTH OBLIGATED GR
11/15/2025
1.4
572
0.0
Freddie Mac
8/1/2050
3.0
560
0.0
Fannie Mae
10/1/2047
3.5
557
0.0
Taco Bell Funding, LLC
8/25/2051
2.3
546
0.0
Fannie Mae
11/1/2051
2.5
541
0.0
GS Mortgage Securities Trust
10/10/2049
2.9
530
0.0
PFS Financing Corp.
3/15/2028
0.0
530
0.0
LIBERTY MUTUAL GROUP INC
2/1/2029
4.6
520
0.0
AMERICAN TOWER TRUST I
3/15/2028
5.5
519
0.0
VERISK ANALYTICS INC
5/15/2050
3.6
518
0.0
FEDERAL REALTY OP LP
2/15/2026
1.3
512
0.0
Small Business Administration
9/1/2048
5.4
503
0.0
CIFC Funding Ltd
1/20/2037
0.0
500
0.0
NEW YORK ST URBAN DEV CORP REV
3/15/2039
5.8
500
0.0
UBS GROUP AG
4/15/2026
4.1
495
0.0
SALES TAX SECURITIZATION CORP
1/1/2040
4.6
481
0.0
Fannie Mae
3/1/2038
4.0
481
0.0
MACQUARIE GROUP LTD
1/12/2027
1.3
475
0.0
SBA TOWER TRUST
5/15/2051
1.6
469
0.0
Fannie Mae
11/1/2046
4.0
465
0.0
Fannie Mae
2/1/2035
3.0
464
0.0
Fannie Mae
11/1/2052
5.5
461
0.0
Fannie Mae
7/1/2052
5.0
458
0.0
UBS AG STAMFORD CT
1/9/2025
8.0
448
0.0
Freddie Mac
5/1/2053
5.0
447
0.0
Freddie Mac
7/1/2053
5.5
445
0.0
Fannie Mae
6/1/2051
2.5
443
0.0
Fannie Mae
6/1/2050
3.5
442
0.0
Fannie Mae
8/1/2053
5.0
439
0.0
Fannie Mae
4/1/2035
2.5
438
0.0
CAPITAL ONE FINANCIAL CO
5/10/2028
4.9
434
0.0
WENDYS FUNDING LLC
6/15/2049
3.8
423
0.0
UBS Commercial Mortgage Trust
10/15/2051
4.2
421
0.0
NATIONAL SECS CLEARING
5/30/2028
5.0
420
0.0
PG&E WILDFIRE RECOVERY
6/1/2032
3.6
416
0.0
BLACKSTONE HOLDINGS FINA
3/30/2032
2.5
414
0.0
NEW YORK CITY NY TRANSITIONAL
8/1/2032
4.0
412
0.0
ELEVANCE HEALTH INC
2/15/2033
4.8
408
0.0
AIA GROUP LTD
4/9/2029
3.6
399
0.0
Fannie Mae
11/1/2052
5.5
395
0.0
Freddie Mac
7/1/2035
3.0
394
0.0
Wells Fargo Commercial Mortgag
11/15/2048
3.7
376
0.0
COMM Mortgage Trust
10/10/2049
2.8
374
0.0
Fannie Mae
3/1/2046
4.0
369
0.0
Aligned Data Centers Issuer LL
8/15/2046
1.9
366
0.0
Government National Mortgage A
6/20/2045
4.5
366
0.0
MERCEDES-BENZ AUTO RECEIVABLES
2/15/2029
5.3
366
0.0
Palmer Square CLO Ltd
11/15/2036
1.0
362
0.0
Freddie Mac
12/1/2037
4.0
361
0.0
BENCHMARK Mortgage Trust
6/15/2054
2.4
350
0.0
COMCAST CORP
1/15/2027
2.4
344
0.0
CALIFORNIA ST
4/1/2034
7.5
343
0.0
Firstkey Homes Trust
8/17/2038
1.5
338
0.0
Small Business Administration
12/1/2047
4.7
335
0.0
Fannie Mae
7/1/2050
3.0
331
0.0
COX COMMUNICATIONS INC
10/1/2030
1.8
330
0.0
ORACLE CORP
3/25/2026
1.6
328
0.0
Firstkey Homes Trust
10/19/2037
1.3
325
0.0
EQUITABLE FINANCIAL LIFE
7/7/2025
1.4
320
0.0
Tricon American Homes
7/17/2038
1.5
319
0.0
AMERICAN EXPRESS CO
5/1/2034
5.0
317
0.0
BANK OF NY MELLON CORP
10/25/2028
5.8
308
0.0
Fannie Mae
2/1/2052
2.5
306
0.0
Fannie Mae
12/1/2040
3.0
305
0.0
Freddie Mac
1/1/2050
3.0
301
0.0
Discover Card Execution Note T
10/15/2027
4.6
293
0.0
Fannie Mae
11/1/2050
2.0
291
0.0
BERKSHIRE HATHAWAY ENERG
4/1/2036
6.1
290
0.0
DELTA AIR LINES 2015-1AA
1/30/2029
3.6
289
0.0
GM Financial Securitized Term
12/16/2027
3.7
285
0.0
Fannie Mae
7/1/2050
5.0
285
0.0
BROOKFIELD FINANCE INC
4/15/2031
2.7
283
0.0
SOUTHERN CO
7/1/2036
4.3
277
0.0
Freddie Mac
12/1/2046
3.0
276
0.0
Small Business Administration
2/1/2048
4.6
270
0.0
Fannie Mae
3/1/2035
2.5
266
0.0
OCCIDENTAL PETROLEUM COR
10/10/2036
0.0
266
0.0
ALEXANDRIA REAL ESTATE E
7/1/2030
4.7
260
0.0
CIFC Funding Ltd
7/18/2031
6.4
258
0.0
Morgan Stanley BAML Trust
10/15/2048
3.4
258
0.0
Fannie Mae
9/1/2049
1.0
254
0.0
Fannie Mae
8/1/2050
3.0
253
0.0
PG&E WILDFIRE RECOVERY
6/1/2033
4.0
253
0.0
JPMORGAN CHASE & CO
3/24/2031
4.5
244
0.0
ROGERS COMMUNICATIONS IN
10/1/2043
5.5
242
0.0
Home Partners of America Trust
4/17/2039
3.9
238
0.0
Freddie Mac
10/1/2052
5.0
235
0.0
PFS Financing Corp.
8/15/2027
4.3
232
0.0
Small Business Administration
7/1/2038
3.5
231
0.0
Vantage Data Centers LLC
9/15/2045
2.0
229
0.0
Freddie Mac
1/1/2033
3.0
228
0.0
AT&T INC
6/1/2027
2.3
227
0.0
HSBC HOLDINGS PLC
11/3/2028
7.4
225
0.0
Fannie Mae
7/1/2035
3.0
225
0.0
AIR CANADA 2015-1A PTT
9/15/2028
3.6
224
0.0
EXELON CORP
6/15/2045
5.1
221
0.0
Fannie Mae
3/1/2051
2.0
214
0.0
LOCKHEED MARTIN CORP
5/15/2046
4.7
210
0.0
Home Partners of America Trust
1/17/2041
1.5
209
0.0
Fannie Mae
3/1/2051
2.0
209
0.0
Freddie Mac
3/1/2051
2.5
208
0.0
BX Trust
12/9/2040
1.0
208
0.0
Government National Mortgage A
8/20/2047
4.5
201
0.0
Sabey Data Center Issuer LLC
4/20/2045
3.8
201
0.0
Fannie Mae
11/1/2051
2.5
200
0.0
MOODY'S CORPORATION
5/20/2050
3.3
200
0.0
Fannie Mae
1/1/2048
4.0
193
0.0
Fannie Mae
9/1/2050
4.5
193
0.0
CANADIAN PACIFIC RAILWAY
9/15/2115
6.1
191
0.0
Palmer Square CLO Ltd
10/17/2031
0.0
190
0.0
SOUTHERN CO GAS CAPITAL
1/15/2031
1.8
190
0.0
LOWE'S COS INC
4/15/2040
5.0
187
0.0
Navient Student Loan Trust
7/15/2069
0.9
183
0.0
Fannie Mae
10/1/2047
4.5
183
0.0
Freddie Mac
12/1/2052
5.5
181
0.0
Freddie Mac
2/1/2046
4.0
179
0.0
PNC FINANCIAL SERVICES
10/20/2034
6.9
178
0.0
UNITED AIR 2016-1 AA PTT
1/7/2030
3.1
177
0.0
WENDYS FUNDING LLC
6/15/2051
2.4
176
0.0
PG&E WILDFIRE RECOVERY
6/1/2037
4.7
175
0.0
CITIGROUP INC
5/1/2026
3.4
168
0.0
Fannie Mae
4/1/2049
4.0
163
0.0
Freddie Mac
11/1/2043
3.0
162
0.0
Fannie Mae
5/1/2046
4.5
159
0.0
Freddie Mac
6/1/2050
2.0
159
0.0
KKR GROUP FINANCE CO III
6/1/2044
5.1
156
0.0
Store Master Funding I - VII,
11/20/2049
2.8
155
0.0
Fannie Mae
7/1/2047
4.5
154
0.0
MASS MUTUAL LIFE INS CO
12/1/2052
5.7
153
0.0
Palmer Square Loan Funding Ltd
10/15/2030
0.0
153
0.0
VERIZON COMMUNICATIONS
8/10/2033
4.5
153
0.0
BERKSHIRE HATHAWAY FIN
3/15/2052
3.9
150
0.0
Small Business Administration
2/1/2038
3.2
149
0.0
CVS PASS-THROUGH TRUST
1/10/2033
5.8
149
0.0
CHICAGO IL MET WTR RECLAMATION
12/1/2038
5.7
146
0.0
NORFOLK SOUTHERN CORP
10/1/2041
4.8
142
0.0
Small Business Administration
8/1/2035
2.8
137
0.0
Freddie Mac - SCRT
8/26/2058
3.5
137
0.0
Small Business Administration
11/1/2034
2.8
134
0.0
NORTHERN STATES PWR-MINN
6/1/2052
4.5
133
0.0
Fannie Mae
6/1/2050
2.5
133
0.0
Fannie Mae
8/1/2050
2.5
124
0.0
Fannie Mae
2/1/2047
4.5
123
0.0
Small Business Administration
10/1/2037
2.9
121
0.0
Government National Mortgage A
9/20/2041
4.0
117
0.0
Fannie Mae
4/1/2045
4.0
113
0.0
Freddie Mac
3/1/2049
4.5
112
0.0
Fannie Mae
12/1/2036
1.0
110
0.0
ALEXANDRIA REAL ESTATE E
4/15/2035
4.8
108
0.0
Government National Mortgage A
9/15/2046
4.0
105
0.0
BLACKSTONE HOLDINGS FINA
9/30/2050
2.8
104
0.0
Freddie Mac
6/1/2047
2.2
98
0.0
Freddie Mac - SCRT
5/25/2057
3.0
89
0.0
Government National Mortgage A
8/15/2045
4.0
87
0.0
Navient Student Loan Trust
5/15/2069
0.8
81
0.0
Small Business Administration
8/1/2037
2.8
80
0.0
GS Mortgage-Backed Securities
1/25/2051
3.0
79
0.0
Freddie Mac
10/1/2046
3.0
77
0.0
Fannie Mae
6/1/2050
2.5
75
0.0
Government National Mortgage A
2/20/2046
4.5
68
0.0
MICHIGAN ST UNIV REVENUES
8/15/2122
4.2
61
0.0
CVS PASS-THROUGH TRUST
1/10/2028
5.9
57
0.0
LOWE'S COS INC
4/15/2046
3.7
57
0.0
Government National Mortgage A
1/15/2042
4.5
53
0.0
EXELON CORP
4/15/2050
4.7
52
0.0
KKR GROUP FIN CO II
2/1/2043
5.5
52
0.0
Small Business Administration
3/1/2032
2.5
48
0.0
Freddie Mac - SCRT
8/25/2056
3.0
45
0.0
PSMC Trust
5/25/2050
3.0
38
0.0
Total
--
--
1,319,768
95.8
Cash and Other Assets Less Liabilities
--
--
--
4.2
Total Net Assets
--
--
--
100%
Sector Allocation
As of 12/31/2024
Core Bond Fund (HACBX)
Bloomberg US Aggregate Bond Index
-
Securitized
HACBX: 39.7%
Benchmark: 27.1%
-
Credit
HACBX: 29.7%
Benchmark: 27.4%
-
Government
HACBX: 29.3%
Benchmark: 45.0%
-
Municipal
HACBX: 0.3%
Benchmark: 0.5%
HACBX: Core Bond Fund
Benchmark: Bloomberg US Aggregate Bond Index
Maturity Profile
As of 12/31/2024
Maturity
Core Bond Fund %
Bloomberg US Aggregate Bond Index %
0-1 yr
3.0
0.0
1-3 yr
13.7
22.7
3-5 yr
22.3
18.7
5-7 yr
14.8
13.9
7-10 yr
26.1
24.7
10-20 yr
12.2
9.6
20-30 yr
7.7
9.6
Over 30 yr
0.2
0.8
Duration
As of 12/31/2024
Duration
Core Bond Fund %
Bloomberg US Aggregate Bond Index %
0-1 yr
5.2
0.5
1-3 yr
16.5
24.6
3-5 yr
27.3
23.5
5-7 yr
24.0
19.3
7-10 yr
9.7
16.2
10-20 yr
17.4
15.8
20-30 yr
0.0
--
Over 30 yr
0.0
--
Investment Team
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.
Documents
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Date
File
Important Information
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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