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 12/20/2024
$8.74
Price (NAV)
-$0.03
NAV Daily Change ($)
-0.34%
NAV Daily Change (%)
1.56%
NAV YTD Return
4.50%
Current 30-Day Sub. SEC Yield
4.49%
Current 30-Day Unsub. SEC Yield
4.59%
Effective 30-Day Sub. SEC Yield
4.58%
Effective 30-Day Unsub. SEC Yield
As of 11/30/2024
6/1/2018
Inception Date
0.34
Net Expense Ratio
0.44
Gross Expense Ratio
$1,282.453
Total Fund Net Assets (million)
As of 11/30/2024
$114.496
Total Share Class Net Assets (million)
As of 11/30/2024
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
0.02%
3.22%
7.11%
-1.99%
0.24%
1.71%
0.34%
0.44%
Bloomberg US Aggregate Bond Index
-0.13%
2.93%
6.88%
-1.95%
-0.01%
1.59%
--
--
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 9/30/2024
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
66,238
5.4
US TREASURY N/B
2/15/2054
4.3
58,444
4.7
US TREASURY N/B
1/31/2026
4.3
42,512
3.5
US TREASURY N/B
8/15/2043
4.4
38,932
3.2
US TREASURY N/B
4/30/2029
4.6
36,773
3.0
US TREASURY N/B
7/31/2029
4.0
22,540
1.8
US TREASURY N/B
8/15/2034
3.9
13,539
1.1
US TREASURY N/B
8/15/2054
4.3
12,499
1.0
Freddie Mac
5/1/2053
4.5
10,720
0.9
Freddie Mac
8/1/2051
2.5
9,524
0.8
US TREASURY N/B
4/30/2026
4.9
8,894
0.7
PENSKE TRUCK LEASING/PTL
5/1/2028
5.5
8,787
0.7
BANK OF AMERICA CORP
10/20/2032
2.6
7,861
0.6
GOLDMAN SACHS GROUP INC
3/15/2030
3.8
7,692
0.6
Government National Mortgage A
9/20/2051
2.5
6,881
0.6
Fannie Mae
6/1/2051
3.0
6,660
0.5
Small Business Administration
9/10/2033
5.7
6,655
0.5
CHARTER COMM OPT LLC/CAP
10/23/2035
6.4
6,608
0.5
BNP PARIBAS
8/14/2028
4.4
6,532
0.5
SBA TOWER TRUST
10/15/2029
4.8
6,503
0.5
MORGAN STANLEY
4/1/2031
3.6
6,402
0.5
JPMORGAN CHASE & CO
7/23/2029
4.2
6,318
0.5
NORDSON CORP
12/15/2029
4.5
6,030
0.5
Bank5
9/15/2056
6.7
5,989
0.5
Freddie Mac
1/1/2049
4.0
5,935
0.5
Fannie Mae
7/1/2052
4.0
5,862
0.5
Freddie Mac
1/1/2052
2.5
5,793
0.5
Fannie Mae
4/1/2052
2.5
5,749
0.5
Fannie Mae
4/1/2052
2.5
5,716
0.5
Freddie Mac
9/1/2033
3.5
5,682
0.5
FOUNDRY JV HOLDCO LLC
1/25/2035
6.3
5,650
0.5
Freddie Mac
4/1/2052
2.5
5,611
0.5
Progress Residential Trust
7/17/2041
3.1
5,569
0.5
Fannie Mae
3/1/2048
3.5
5,568
0.5
VIRGINIA POWER FUEL SEC
5/1/2033
4.9
5,558
0.5
Freddie Mac
2/1/2054
5.5
5,516
0.4
SCHLUMBERGER HLDGS CORP
5/17/2028
3.9
5,503
0.4
TRUIST FINANCIAL CORP
1/24/2035
5.7
5,497
0.4
EVERSOURCE ENERGY
3/1/2028
5.5
5,491
0.4
Freddie Mac
8/1/2047
4.0
5,398
0.4
Freddie Mac
9/1/2049
3.0
5,327
0.4
Golub Capital Partners CLO, LT
10/15/2037
0.0
5,324
0.4
Fannie Mae
12/1/2050
4.5
5,298
0.4
SUBWAY FUNDING LLC
7/30/2054
6.3
5,267
0.4
Fannie Mae
11/1/2050
2.5
5,243
0.4
Tricon Residential
6/17/2040
4.8
5,209
0.4
TSY INFL IX N/B
1/15/2030
0.1
5,087
0.4
COLUMBIA PIPELINES OPCO
11/15/2033
6.0
5,055
0.4
Barclays Commercial Mortgage S
5/15/2057
1.0
5,049
0.4
Fannie Mae
6/1/2054
5.0
5,019
0.4
Freddie Mac
4/1/2050
3.5
4,966
0.4
Freddie Mac
3/1/2054
5.5
4,940
0.4
RYDER SYSTEM INC
6/1/2028
5.3
4,870
0.4
SOUTHERN CO GAS CAPITAL
9/15/2034
5.0
4,831
0.4
SBNA Auto Lease Trust
11/22/2027
5.9
4,812
0.4
HEALTH CARE SERVICE CORP
6/15/2029
5.2
4,788
0.4
US TREASURY N/B
5/15/2044
4.6
4,775
0.4
Fannie Mae
8/1/2052
5.0
4,748
0.4
BERKSHIRE HATHAWAY ENERG
1/15/2049
4.5
4,745
0.4
US TREASURY N/B
8/15/2027
3.8
4,724
0.4
Small Business Administration
4/1/2049
5.4
4,696
0.4
NORTHERN STATES PWR-MINN
6/1/2036
6.3
4,670
0.4
CAPITAL ONE FINANCIAL CO
2/1/2035
6.1
4,657
0.4
Freddie Mac
5/1/2053
5.0
4,546
0.4
Freddie Mac
3/1/2054
5.5
4,540
0.4
US TREASURY N/B
2/15/2034
4.0
4,535
0.4
VERIZON COMMUNICATIONS
3/15/2032
2.4
4,516
0.4
Freddie Mac
3/1/2054
5.5
4,507
0.4
Small Business Administration
6/1/2049
5.0
4,494
0.4
Fannie Mae
8/1/2045
1.0
4,425
0.4
Fannie Mae
4/1/2052
2.5
4,419
0.4
US TREASURY N/B
1/31/2029
4.0
4,414
0.4
Fannie Mae
10/1/2053
5.5
4,398
0.4
UBER TECHNOLOGIES INC
1/15/2030
4.3
4,397
0.4
ENERGY TRANSFER LP
2/15/2033
5.8
4,331
0.4
GATX CORP
6/5/2054
6.0
4,328
0.4
Bank5
4/15/2056
6.3
4,316
0.4
BENCHMARK Mortgage Trust
11/15/2056
6.8
4,308
0.4
FERGUSON FINANCE PLC
6/2/2030
3.3
4,281
0.3
Fannie Mae
4/1/2052
2.5
4,210
0.3
Fannie Mae
7/1/2052
5.0
4,165
0.3
Small Business Administration
3/10/2034
5.0
4,159
0.3
FORD MOTOR CREDIT CO LLC
2/10/2029
2.9
4,137
0.3
Fannie Mae
3/1/2052
2.5
4,083
0.3
Small Business Administration
2/1/2049
5.1
4,015
0.3
BANK OF AMERICA CORP
7/22/2028
4.9
4,010
0.3
APTIV PLC / APTIV CORP
3/1/2032
3.3
3,997
0.3
Fannie Mae
1/25/2047
5.5
3,986
0.3
DIAMONDBACK ENERGY INC
1/30/2030
5.2
3,982
0.3
COX COMMUNICATIONS INC
6/15/2033
5.7
3,916
0.3
Freddie Mac
4/1/2047
3.0
3,896
0.3
CITIGROUP INC
9/19/2030
4.5
3,879
0.3
US TREASURY N/B
8/15/2053
4.1
3,863
0.3
General Motors
3/15/2031
5.1
3,830
0.3
GA GLOBAL FUNDING TRUST
1/8/2029
5.5
3,824
0.3
AIA GROUP LTD
4/5/2034
5.4
3,801
0.3
ALEXANDRIA REAL ESTATE E
5/18/2032
2.0
3,780
0.3
SONOCO PRODUCTS CO
9/1/2034
5.0
3,756
0.3
Fannie Mae
9/1/2052
5.0
3,750
0.3
Fannie Mae
11/1/2050
4.0
3,700
0.3
Barclays Commercial Mortgage S
3/15/2057
5.9
3,652
0.3
Freddie Mac
6/1/2034
3.0
3,647
0.3
ASHTEAD CAPITAL INC
4/15/2034
5.8
3,595
0.3
MET LIFE GLOB FUNDING I
1/8/2029
4.8
3,585
0.3
KKR GRP FIN CO VI LLC
7/1/2029
3.8
3,537
0.3
BROADCOM INC
4/15/2029
4.0
3,522
0.3
Fannie Mae
10/1/2048
4.5
3,481
0.3
Fannie Mae
9/1/2049
1.0
3,427
0.3
Government National Mortgage A
1/20/2041
1.8
3,421
0.3
Fannie Mae
7/1/2048
4.5
3,420
0.3
Fannie Mae
9/1/2053
5.5
3,372
0.3
VOLKSWAGEN GROUP AMERICA
11/13/2028
4.8
3,341
0.3
T-MOBILE USA INC
4/15/2034
5.2
3,337
0.3
MORGAN STANLEY
1/21/2033
2.9
3,315
0.3
US BANCORP
2/1/2034
4.8
3,314
0.3
CITIGROUP INC
3/31/2031
4.4
3,307
0.3
PNC FINANCIAL SERVICES
1/22/2035
5.7
3,282
0.3
ING GROEP NV
9/11/2034
6.1
3,274
0.3
JPMORGAN CHASE & CO
1/23/2035
5.3
3,273
0.3
FIVE 2023-V1
2/10/2056
5.7
3,254
0.3
NextGear Floorplan Master Owne
3/15/2029
5.1
3,213
0.3
T-MOBILE USA INC
7/15/2033
5.0
3,211
0.3
HEALTHPEAK OP LLC
2/1/2027
1.4
3,190
0.3
Elmwood CLO 31 Ltd
7/17/2037
1.0
3,177
0.3
ROGERS COMMUNICATIONS IN
3/15/2027
3.2
3,176
0.3
NXP BV/NXP FDG/NXP USA
6/18/2029
4.3
3,170
0.3
Freddie Mac
10/1/2047
4.0
3,162
0.3
Fannie Mae
5/1/2052
3.5
3,127
0.3
Small Business Administration
3/1/2049
5.0
3,125
0.3
WENDYS FUNDING LLC
6/15/2049
4.1
3,122
0.3
Fannie Mae
9/1/2051
2.5
3,119
0.3
WARNERMEDIA HOLDINGS INC
3/15/2052
5.1
3,115
0.3
Tricon Residential
12/17/2040
5.0
3,107
0.3
LLOYDS BANKING GROUP PLC
2/5/2026
2.4
3,095
0.3
Morgan Stanley Capital I Trust
3/15/2049
3.6
3,076
0.2
Tricon Residential
8/17/2041
4.5
3,057
0.2
Freddie Mac
7/1/2053
5.5
3,025
0.2
BX Trust
3/15/2041
1.0
2,989
0.2
Elmwood CLO 30 Ltd
7/17/2037
0.0
2,975
0.2
MACQUARIE GROUP LTD
1/15/2030
5.0
2,913
0.2
PFS Financing Corp.
4/15/2029
5.3
2,911
0.2
Fannie Mae
2/1/2052
2.5
2,896
0.2
Sequoia Mortgage Trust
6/25/2054
6.0
2,861
0.2
GENERAL MOTORS FINL CO
2/8/2031
5.8
2,844
0.2
CONSUMERS 23 SECURE FUND
9/1/2031
5.2
2,844
0.2
Fannie Mae
2/1/2034
3.0
2,835
0.2
Fannie Mae
9/1/2036
2.5
2,829
0.2
SIMON PROPERTY GROUP LP
3/8/2033
5.5
2,796
0.2
VOLKSWAGEN GROUP AMERICA
6/8/2029
4.6
2,786
0.2
EXELON CORP
4/15/2046
4.5
2,776
0.2
AIR LEASE CORP
8/15/2026
1.9
2,775
0.2
BLACKSTONE HOLDINGS FINA
4/22/2033
6.2
2,772
0.2
DUKE ENERGY FLORIDA LLC
7/15/2028
3.8
2,762
0.2
JP Morgan Mortgage Trust
11/25/2054
6.0
2,760
0.2
MET LIFE GLOB FUNDING I
3/21/2029
3.3
2,730
0.2
BX Trust
10/13/2027
5.8
2,728
0.2
AIR LEASE CORP
7/15/2031
5.2
2,710
0.2
PNC FINANCIAL SERVICES
12/2/2028
5.4
2,658
0.2
Small Business Administration
8/1/2048
5.2
2,636
0.2
Fannie Mae
1/1/2032
2.5
2,628
0.2
GEN LUX SARL/GEN USA INC
6/4/2029
6.0
2,584
0.2
Avis Budget Rental Car Funding
12/20/2030
5.2
2,572
0.2
ING GROEP NV
3/19/2030
1.0
2,547
0.2
Freddie Mac
4/1/2036
2.5
2,525
0.2
COREBRIDGE GLOB FUNDING
1/12/2029
5.2
2,519
0.2
BARCLAYS PLC
9/13/2029
6.5
2,492
0.2
Small Business Administration
7/1/2048
5.2
2,487
0.2
MITSUBISHI UFJ FIN GRP
7/20/2028
5.0
2,475
0.2
Morgan Stanley Capital I Trust
8/15/2049
2.8
2,470
0.2
Morgan Stanley BAML Trust
5/15/2049
3.1
2,467
0.2
Fannie Mae
2/1/2052
2.0
2,409
0.2
Taco Bell Funding, LLC
8/25/2051
1.9
2,397
0.2
AVIATION CAPITAL GROUP
7/15/2030
6.4
2,397
0.2
JP Morgan Mortgage Trust
10/25/2054
6.0
2,391
0.2
DTE ENERGY CO
6/1/2028
4.9
2,356
0.2
TEXAS NATURAL GAS SECURITIZTN
4/1/2035
5.1
2,341
0.2
Government National Mortgage A
11/20/2040
1.8
2,320
0.2
CITIGROUP INC
10/27/2028
3.5
2,303
0.2
Fannie Mae
1/1/2052
1.0
2,298
0.2
Morgan Stanley BAML Trust
4/15/2048
3.3
2,274
0.2
ROGERS COMMUNICATIONS IN
3/15/2032
3.8
2,266
0.2
TORONTO DOMINION BANK
1/12/2027
1.9
2,243
0.2
Dominos Pizza Master Issuer LL
4/25/2051
2.7
2,242
0.2
Fannie Mae
6/1/2050
5.0
2,237
0.2
Freddie Mac
8/1/2050
3.0
2,231
0.2
GM Financial Automobile Leasin
3/22/2027
5.1
2,223
0.2
COMM Mortgage Trust
2/10/2049
3.8
2,222
0.2
Fannie Mae
10/1/2052
4.5
2,216
0.2
L3HARRIS TECH INC
8/15/2054
5.5
2,191
0.2
DB Master Finance LLC
11/20/2051
2.0
2,187
0.2
BARCLAYS PLC
3/12/2030
5.7
2,185
0.2
PFS Financing Corp.
2/15/2029
5.0
2,166
0.2
General Motors
6/15/2030
5.3
2,165
0.2
AMERICAN EXPRESS CO
2/16/2028
1.0
2,161
0.2
ORACLE CORP
3/25/2051
4.0
2,159
0.2
Fannie Mae
11/1/2047
3.5
2,130
0.2
Planet Fitness Master Issuer L
6/5/2054
5.8
2,115
0.2
AMAZON.COM INC
4/13/2062
4.1
2,094
0.2
Fannie Mae
1/1/2048
3.5
2,056
0.2
Fannie Mae
8/1/2052
4.5
2,048
0.2
GoldenTree Loan Management US
4/20/2034
6.6
2,048
0.2
Kubota Credit Owner Trust
7/17/2028
5.1
2,042
0.2
Freddie Mac
9/1/2051
2.5
2,042
0.2
Freddie Mac
5/1/2053
5.5
2,011
0.2
Aimco
4/20/2034
1.0
1,933
0.2
Small Business Administration
12/1/2048
5.3
1,919
0.2
Wells Fargo Commercial Mortgag
8/15/2054
2.3
1,888
0.2
BANK OF AMERICA CORP
4/22/2042
3.3
1,887
0.2
NORTHERN NATURAL GAS CO
2/1/2054
5.6
1,866
0.2
JPMBB Commercial Mortgage Secu
10/15/2048
3.2
1,860
0.2
Fannie Mae
9/1/2050
2.5
1,847
0.2
MACQUARIE GROUP LTD
12/7/2034
6.3
1,843
0.1
DB Master Finance LLC
11/20/2047
4.0
1,837
0.1
Freddie Mac
11/1/2051
2.5
1,779
0.1
Freddie Mac
12/1/2046
3.0
1,775
0.1
AERCAP IRELAND CAP/GLOBA
1/19/2029
5.1
1,699
0.1
Freddie Mac
11/1/2053
5.0
1,679
0.1
BROOKFIELD FIN I UK PLC
1/30/2032
2.3
1,647
0.1
SBA TOWER TRUST
1/15/2028
6.6
1,643
0.1
US BANCORP
1/23/2035
5.7
1,637
0.1
CIFC Funding Ltd
4/17/2035
6.6
1,631
0.1
Citigroup Commercial Mortgage
8/10/2049
2.6
1,623
0.1
NORTHROP GRUMMAN CORP
5/1/2050
5.3
1,593
0.1
Enterprise Fleet Financing LLC
3/20/2030
6.5
1,591
0.1
Avis Budget Rental Car Funding
6/20/2030
5.4
1,559
0.1
CIFC Funding Ltd
7/21/2037
0.0
1,556
0.1
Fannie Mae
12/1/2051
3.0
1,555
0.1
BENCHMARK Mortgage Trust
1/10/2057
5.8
1,532
0.1
Small Business Administration
3/10/2033
5.2
1,519
0.1
FORD MOTOR CREDIT CO LLC
2/16/2028
2.9
1,515
0.1
FLORIDA POWER & LIGHT CO
2/3/2032
2.5
1,477
0.1
BROOKFIELD FINANCE INC
1/25/2028
3.9
1,470
0.1
COX COMMUNICATIONS INC
9/15/2026
3.4
1,465
0.1
HEALTHPEAK OP LLC
7/15/2026
3.3
1,450
0.1
Freddie Mac
12/1/2053
5.5
1,446
0.1
PEACHTREE FUNDING TRUST
2/15/2025
4.0
1,438
0.1
BX Trust
9/15/2036
6.1
1,395
0.1
Fannie Mae
8/1/2052
5.0
1,393
0.1
Small Business Administration
1/1/2049
5.0
1,310
0.1
Citizens Auto Receivables Trus
4/17/2028
0.0
1,301
0.1
SFS Auto Receivables Securitiz
5/21/2029
4.9
1,296
0.1
PRUDENTIAL FUNDING ASIA
3/24/2032
3.6
1,290
0.1
CONSTELLATION SOFTWARE
2/16/2034
5.5
1,278
0.1
Small Business Administration
11/1/2048
5.7
1,266
0.1
Verizon Master Trust
12/20/2028
5.0
1,244
0.1
GM Financial Securitized Term
12/18/2028
5.3
1,220
0.1
LLOYDS BANKING GROUP PLC
1/5/2035
5.7
1,205
0.1
NXP BV/NXP FDG/NXP USA
5/1/2027
3.1
1,196
0.1
Freddie Mac
9/1/2053
5.5
1,187
0.1
DOMINION ENERGY INC
8/1/2033
5.3
1,186
0.1
VERISK ANALYTICS INC
4/1/2033
5.8
1,185
0.1
PNC FINANCIAL SERVICES
1/24/2034
5.1
1,177
0.1
CANADIAN PACIFIC RAILWAY
11/15/2069
4.2
1,157
0.1
Fannie Mae
10/1/2050
2.0
1,137
0.1
Apidos CLO Ltd
4/26/2037
0.0
1,128
0.1
Small Business Administration
11/1/2047
5.1
1,117
0.1
Palmer Square CLO Ltd
4/15/2037
1.0
1,111
0.1
NextGear Floorplan Master Owne
3/15/2028
5.7
1,106
0.1
Fannie Mae
2/1/2050
3.0
1,084
0.1
Freddie Mac
7/1/2050
2.5
1,066
0.1
Small Business Administration
1/1/2048
4.9
1,066
0.1
GENERAL MOTORS FINL CO
10/15/2028
2.4
1,059
0.1
Progress Residential Trust
4/17/2027
3.0
1,050
0.1
EVERSOURCE ENERGY
3/1/2027
2.9
1,045
0.1
BROADCOM INC
9/15/2028
4.1
1,040
0.1
Ford Credit Auto Owner Trust/F
2/15/2036
5.3
1,036
0.1
Fannie Mae
2/1/2047
3.5
981
0.1
AMSR Trust
7/17/2037
1.6
976
0.1
Freddie Mac - SCRT
3/25/2058
3.5
964
0.1
Fannie Mae
8/1/2052
5.0
960
0.1
GENERAL MOTORS FINL CO
4/6/2029
4.3
951
0.1
CIFC Funding Ltd
4/19/2029
6.4
939
0.1
Fannie Mae
8/1/2048
4.5
931
0.1
CVS PASS THRU TR 2009
7/10/2031
8.4
875
0.1
Fannie Mae
1/1/2049
4.0
871
0.1
AIR LEASE CORP
3/1/2025
3.3
868
0.1
AERCAP IRELAND CAP/GLOBA
10/29/2028
3.0
856
0.1
WENDYS FUNDING LLC
6/15/2051
2.8
847
0.1
MASS MUTUAL LIFE INS CO
4/15/2050
3.4
845
0.1
CIGNA GROUP/THE
3/1/2027
3.4
838
0.1
CAPITAL ONE FINANCIAL CO
2/1/2029
5.5
834
0.1
GoldenTree Loan Management US
7/20/2036
7.0
826
0.1
Fannie Mae
5/1/2037
3.5
823
0.1
Freddie Mac
5/1/2042
3.5
802
0.1
Fannie Mae
2/1/2050
4.5
799
0.1
AMSR Trust
10/17/2039
4.0
769
0.1
Fannie Mae
10/1/2050
2.5
746
0.1
DOMINION ENERGY INC
4/1/2030
3.4
744
0.1
UNITED AIR 2014-1 A PTT
10/11/2027
4.0
734
0.1
BENCHMARK Mortgage Trust
5/15/2055
5.8
728
0.1
LOWE'S COS INC
4/15/2053
5.6
726
0.1
Bank
7/15/2060
3.5
690
0.1
Fannie Mae
4/1/2051
2.5
686
0.1
Fannie Mae
8/1/2050
2.0
677
0.1
Small Business Administration
3/1/2048
4.9
662
0.1
Freddie Mac
5/1/2052
2.5
658
0.1
MORGAN STANLEY
7/27/2026
3.1
653
0.1
BLACKSTONE HOLDINGS FINA
9/10/2049
3.5
652
0.1
Government National Mortgage A
1/20/2051
2.5
646
0.1
Fannie Mae
6/1/2050
2.5
628
0.1
BMW US CAPITAL LLC
4/1/2027
3.5
624
0.1
BMO Mortgage Trust
12/15/2056
6.2
609
0.0
Freddie Mac
8/1/2050
3.0
605
0.0
GA GLOBAL FUNDING TRUST
9/15/2028
1.9
604
0.0
SBA TOWER TRUST
10/15/2056
2.6
604
0.0
Fannie Mae
10/1/2047
3.5
600
0.0
Morgan Stanley BAML Trust
10/15/2048
3.5
591
0.0
NXP BV/NXP FDG/NXP USA
5/1/2025
2.7
587
0.0
Fannie Mae
11/1/2051
2.5
584
0.0
PEACEHEALTH OBLIGATED GR
11/15/2025
1.4
568
0.0
VERISK ANALYTICS INC
5/15/2050
3.6
566
0.0
Taco Bell Funding, LLC
8/25/2051
2.3
553
0.0
PFS Financing Corp.
3/15/2028
0.0
533
0.0
LIBERTY MUTUAL GROUP INC
2/1/2029
4.6
533
0.0
Small Business Administration
9/1/2048
5.4
531
0.0
GS Mortgage Securities Trust
10/10/2049
2.9
531
0.0
AMERICAN TOWER TRUST I
3/15/2028
5.5
525
0.0
Fannie Mae
3/1/2038
4.0
519
0.0
NEW YORK ST URBAN DEV CORP REV
3/15/2039
5.8
514
0.0
SALES TAX SECURITIZATION CORP
1/1/2040
4.6
514
0.0
FEDERAL REALTY OP LP
2/15/2026
1.3
510
0.0
Fannie Mae
2/1/2035
3.0
503
0.0
CIFC Funding Ltd
1/20/2037
0.0
499
0.0
UBS GROUP AG
4/15/2026
4.1
498
0.0
Fannie Mae
11/1/2046
4.0
497
0.0
Freddie Mac
7/1/2053
5.5
496
0.0
Fannie Mae
11/1/2052
5.5
490
0.0
Fannie Mae
7/1/2052
5.0
484
0.0
Freddie Mac
5/1/2053
5.0
483
0.0
Fannie Mae
6/1/2051
2.5
482
0.0
Fannie Mae
6/1/2050
3.5
476
0.0
MACQUARIE GROUP LTD
1/12/2027
1.3
473
0.0
Fannie Mae
4/1/2035
2.5
469
0.0
SBA TOWER TRUST
5/15/2051
1.6
468
0.0
Fannie Mae
8/1/2053
5.0
467
0.0
PG&E WILDFIRE RECOVERY
6/1/2032
3.6
459
0.0
UBS AG STAMFORD CT
1/9/2025
8.0
452
0.0
UBS Commercial Mortgage Trust
10/15/2051
4.2
449
0.0
CAPITAL ONE FINANCIAL CO
5/10/2028
4.9
440
0.0
BLACKSTONE HOLDINGS FINA
3/30/2032
2.5
430
0.0
ELEVANCE HEALTH INC
2/15/2033
4.8
430
0.0
NATIONAL SECS CLEARING
5/30/2028
5.0
430
0.0
NEW YORK CITY NY TRANSITIONAL
8/1/2032
4.0
429
0.0
WENDYS FUNDING LLC
6/15/2049
3.8
426
0.0
Fannie Mae
11/1/2052
5.5
421
0.0
Freddie Mac
7/1/2035
3.0
420
0.0
AIA GROUP LTD
4/9/2029
3.6
407
0.0
Fannie Mae
3/1/2046
4.0
397
0.0
Government National Mortgage A
6/20/2045
4.5
394
0.0
Freddie Mac
12/1/2037
4.0
391
0.0
Wells Fargo Commercial Mortgag
11/15/2048
3.7
375
0.0
COMM Mortgage Trust
10/10/2049
2.8
373
0.0
MERCEDES-BENZ AUTO RECEIVABLES
2/15/2029
5.3
369
0.0
Bank of America Credit Card Tr
4/15/2028
5.0
369
0.0
Small Business Administration
5/1/2047
3.9
368
0.0
Aligned Data Centers Issuer LL
8/15/2046
1.9
365
0.0
Palmer Square CLO Ltd
11/15/2036
1.0
361
0.0
Small Business Administration
12/1/2047
4.7
361
0.0
Fannie Mae
7/1/2050
3.0
360
0.0
CALIFORNIA ST
4/1/2034
7.5
360
0.0
BENCHMARK Mortgage Trust
6/15/2054
2.4
354
0.0
COMCAST CORP
1/15/2027
2.4
347
0.0
BAE SYSTEMS PLC
4/15/2030
3.4
342
0.0
Firstkey Homes Trust
8/17/2038
1.5
338
0.0
COX COMMUNICATIONS INC
10/1/2030
1.8
338
0.0
Fannie Mae
12/1/2040
3.0
332
0.0
Fannie Mae
2/1/2052
2.5
332
0.0
AMERICAN EXPRESS CO
5/1/2034
5.0
330
0.0
ORACLE CORP
3/25/2026
1.6
327
0.0
Freddie Mac
1/1/2050
3.0
324
0.0
Firstkey Homes Trust
10/19/2037
1.3
324
0.0
Tricon American Homes
7/17/2038
1.5
319
0.0
EQUITABLE FINANCIAL LIFE
7/7/2025
1.4
317
0.0
Fannie Mae
11/1/2050
2.0
316
0.0
BANK OF NY MELLON CORP
10/25/2028
5.8
315
0.0
Fannie Mae
7/1/2050
5.0
306
0.0
BERKSHIRE HATHAWAY ENERG
4/1/2036
6.1
304
0.0
Freddie Mac
12/1/2046
3.0
297
0.0
Discover Card Execution Note T
10/15/2027
4.6
293
0.0
BROOKFIELD FINANCE INC
4/15/2031
2.7
293
0.0
SOUTHERN CO
7/1/2036
4.3
292
0.0
Fannie Mae
3/1/2035
2.5
291
0.0
DELTA AIR LINES 2015-1AA
1/30/2029
3.6
289
0.0
GM Financial Securitized Term
12/16/2027
3.7
286
0.0
Small Business Administration
2/1/2048
4.6
282
0.0
PG&E WILDFIRE RECOVERY
6/1/2033
4.0
275
0.0
Fannie Mae
8/1/2050
3.0
274
0.0
Home Partners of America Trust
4/17/2039
3.9
272
0.0
Fannie Mae
9/1/2049
1.0
270
0.0
ALEXANDRIA REAL ESTATE E
7/1/2030
4.7
268
0.0
Freddie Mac
10/1/2052
5.0
266
0.0
CIFC Funding Ltd
7/18/2031
6.4
262
0.0
OCCIDENTAL PETROLEUM COR
10/10/2036
0.0
262
0.0
Morgan Stanley BAML Trust
10/15/2048
3.4
257
0.0
ROGERS COMMUNICATIONS IN
10/1/2043
5.5
256
0.0
JPMORGAN CHASE & CO
3/24/2031
4.5
251
0.0
Ford Credit Auto Owner Trust/F
8/15/2031
2.0
247
0.0
Fannie Mae
7/1/2035
3.0
244
0.0
Palmer Square CLO Ltd
10/17/2031
0.0
244
0.0
Freddie Mac
1/1/2033
3.0
243
0.0
EXELON CORP
6/15/2045
5.1
238
0.0
Small Business Administration
7/1/2038
3.5
237
0.0
PFS Financing Corp.
8/15/2027
4.3
231
0.0
Fannie Mae
3/1/2051
2.0
231
0.0
Vantage Data Centers LLC
9/15/2045
2.0
230
0.0
LOCKHEED MARTIN CORP
5/15/2046
4.7
230
0.0
HSBC HOLDINGS PLC
11/3/2028
7.4
230
0.0
AT&T INC
6/1/2027
2.3
229
0.0
SOUTHERN CO
7/1/2026
3.3
226
0.0
Fannie Mae
3/1/2051
2.0
224
0.0
Freddie Mac
3/1/2051
2.5
224
0.0
AIR CANADA 2015-1A PTT
9/15/2028
3.6
223
0.0
BX Trust
12/9/2040
1.0
221
0.0
MOODY'S CORPORATION
5/20/2050
3.3
219
0.0
XCEL ENERGY INC
6/1/2030
3.4
218
0.0
Home Partners of America Trust
1/17/2041
1.5
216
0.0
Fannie Mae
11/1/2051
2.5
216
0.0
Government National Mortgage A
8/20/2047
4.5
211
0.0
Fannie Mae
1/1/2048
4.0
211
0.0
CANADIAN PACIFIC RAILWAY
9/15/2115
6.1
210
0.0
Fannie Mae
9/1/2050
4.5
207
0.0
EVERSOURCE ENERGY
10/1/2024
2.9
200
0.0
Sabey Data Center Issuer LLC
4/20/2045
3.8
200
0.0
LOWE'S COS INC
4/15/2040
5.0
197
0.0
Freddie Mac
12/1/2052
5.5
196
0.0
Palmer Square Loan Funding Ltd
10/15/2030
0.0
196
0.0
Navient Student Loan Trust
7/15/2069
0.9
195
0.0
SOUTHERN CO GAS CAPITAL
1/15/2031
1.8
195
0.0
Fannie Mae
10/1/2047
4.5
192
0.0
Freddie Mac
2/1/2046
4.0
190
0.0
PNC FINANCIAL SERVICES
10/20/2034
6.9
187
0.0
PG&E WILDFIRE RECOVERY
6/1/2037
4.7
185
0.0
WENDYS FUNDING LLC
6/15/2051
2.4
178
0.0
UNITED AIR 2016-1 AA PTT
1/7/2030
3.1
177
0.0
Fannie Mae
4/1/2049
4.0
175
0.0
Fannie Mae
5/1/2046
4.5
173
0.0
Freddie Mac
11/1/2043
3.0
172
0.0
Freddie Mac
6/1/2050
2.0
172
0.0
Fannie Mae
7/1/2047
4.5
170
0.0
CITIGROUP INC
5/1/2026
3.4
169
0.0
BERKSHIRE HATHAWAY FIN
3/15/2052
3.9
167
0.0
MASS MUTUAL LIFE INS CO
12/1/2052
5.7
165
0.0
KKR GROUP FINANCE CO III
6/1/2044
5.1
165
0.0
VERIZON COMMUNICATIONS
8/10/2033
4.5
160
0.0
Store Master Funding I - VII,
11/20/2049
2.8
156
0.0
CHICAGO IL MET WTR RECLAMATION
12/1/2038
5.7
155
0.0
CVS PASS-THROUGH TRUST
1/10/2033
5.8
155
0.0
Small Business Administration
2/1/2038
3.2
154
0.0
Small Business Administration
11/1/2034
2.8
153
0.0
NORFOLK SOUTHERN CORP
10/1/2041
4.8
152
0.0
NORTHERN STATES PWR-MINN
6/1/2052
4.5
145
0.0
Freddie Mac - SCRT
8/26/2058
3.5
145
0.0
Fannie Mae
6/1/2050
2.5
144
0.0
Small Business Administration
8/1/2035
2.8
141
0.0
Fannie Mae
8/1/2050
2.5
134
0.0
Small Business Administration
10/1/2037
2.9
132
0.0
Fannie Mae
2/1/2047
4.5
131
0.0
Government National Mortgage A
9/20/2041
4.0
125
0.0
Fannie Mae
4/1/2045
4.0
122
0.0
Fannie Mae
12/1/2036
1.0
118
0.0
Freddie Mac
3/1/2049
4.5
118
0.0
ALEXANDRIA REAL ESTATE E
4/15/2035
4.8
114
0.0
BLACKSTONE HOLDINGS FINA
9/30/2050
2.8
114
0.0
Government National Mortgage A
9/15/2046
4.0
111
0.0
Freddie Mac
6/1/2047
2.2
106
0.0
Government National Mortgage A
8/15/2045
4.0
93
0.0
Freddie Mac - SCRT
5/25/2057
3.0
92
0.0
Navient Student Loan Trust
5/15/2069
0.8
87
0.0
GS Mortgage-Backed Securities
1/25/2051
3.0
84
0.0
Freddie Mac
10/1/2046
3.0
83
0.0
Small Business Administration
8/1/2037
2.8
83
0.0
Fannie Mae
6/1/2050
2.5
81
0.0
Government National Mortgage A
2/20/2046
4.5
72
0.0
MICHIGAN ST UNIV REVENUES
8/15/2122
4.2
68
0.0
LOWE'S COS INC
4/15/2046
3.7
61
0.0
CVS PASS-THROUGH TRUST
1/10/2028
5.9
61
0.0
EXELON CORP
4/15/2050
4.7
57
0.0
Government National Mortgage A
1/15/2042
4.5
57
0.0
KKR GROUP FIN CO II
2/1/2043
5.5
55
0.0
Palmer Square Loan Funding Ltd
5/20/2029
6.4
50
0.0
Small Business Administration
3/1/2032
2.5
49
0.0
Freddie Mac - SCRT
8/25/2056
3.0
47
0.0
PSMC Trust
5/25/2050
3.0
40
0.0
COMM Mortgage Trust
12/10/2047
3.5
18
0.0
Total
--
--
1,222,574
97.0
Cash and Other Assets Less Liabilities
--
--
--
3.0
Total Net Assets
--
--
--
100%
Sector Allocation
As of 9/30/2024
Core Bond Fund (HACBX)
Bloomberg US Aggregate Bond Index
-
Securitized
HACBX: 40.5%
Benchmark: 27.3%
-
Government
HACBX: 29.9%
Benchmark: 44.4%
-
Credit
HACBX: 29.4%
Benchmark: 27.8%
-
Municipal
HACBX: 0.2%
Benchmark: 0.5%
HACBX: Core Bond Fund
Benchmark: Bloomberg US Aggregate Bond Index
Maturity Profile
As of 9/30/2024
Maturity
Core Bond Fund %
Bloomberg US Aggregate Bond Index %
0-1 yr
1.5
0.0
1-3 yr
14.3
23.3
3-5 yr
22.6
20.3
5-7 yr
11.4
13.5
7-10 yr
29.1
24.2
10-20 yr
12.5
7.7
20-30 yr
8.3
10.1
Over 30 yr
0.3
0.9
Duration
As of 9/30/2024
Duration
Core Bond Fund %
Bloomberg US Aggregate Bond Index %
0-1 yr
4.7
0.5
1-3 yr
15.7
26.6
3-5 yr
29.9
21.9
5-7 yr
19.7
18.9
7-10 yr
12.2
15.5
10-20 yr
17.8
16.5
20-30 yr
0.0
0.1
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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