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Harbor Real Return Instl (HARRX)

10.38 Down 0.02(0.19%) Aug 29

Profile as of Jul 30, 2014Get Profile for:
Harbor Real Return Instl
Harbor Funds111 South Wacker Drive,34th FloorChicago, IL 60606-4302
Phone: 800-422-1050
Fund Overview 
Category:Inflation-Protected Bond
Fund Family:Harbor
Net Assets:404.85M
Year-to-Date Return:6.50%
Morningstar Rating:4 stars
Fund Inception Date:Dec 1, 2005
Morningstar Style Box 
Inflation-Protected Bond
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Style box information not available for HARRX.

Management Information 
Mihir P. Worah
Lead Manager since Dec 31, 2007
Mr. Worah is a Deputy CIO and a managing director in the Newport Beach office, a portfolio manager, and head of the real return and multi-asset portfolio management teams. Prior to joining PIMCO in 2001, he was a postdoctoral research associate at the University of California, Berkeley, and the Stanford Linear Accelerator Center, where he built models to explain the difference between matter and anti-matter. In 2012 he co-authored “Intelligent Commodity Indexing,” published by McGraw-Hill. He has 12 years of investment experience and holds a Ph.D. in theoretical physics from the University of Chicago.
Investment Information 
Min Initial Investment:1,000
Min Initial Investment, IRA:1,000
Min Initial Investment, AIP:N/A
Min Subsequent Investment:N/A
Min Subsequent Investment, IRA:N/A
Min Subsequent Investment, AIP:N/A
HARRX can be purchased from 75 brokerages.

Fund Summary 
The investment seeks maximum real return, consistent with preservation of real capital. The fund expects to invest at least 80% of its net assets, plus borrowings for investment purposes, in inflation-indexed bonds of varying maturities issued by the U.S. government, non-U.S. governments, their agencies or instrumentalities, and corporations, which may represented by forwards or derivatives such as options, futures contracts or swap agreements. It invests primarily in investment-grade debt securities, but may invest up to 10% of its total assets in below investment-grade securities. The fund is non-diversified.

Fund Operations 
Last Dividend (Mar 26, 2014) : 0.02
Last Cap Gain : 0.00
Annual Holdings Turnover (Aug 28, 2014) : 285.00%
Average for Category:76.26%
Fees & Expenses 
ExpenseHARRXCategory Avg
Annual Report Expense Ratio (net):0.59%0.79%
Prospectus Net Expense Ratio:0.59%N/A
Prospectus Gross Expense Ratio:0.61%N/A
Max 12b1 Fee:N/AN/A
Max Front End Sales Load:N/A3.87%
Max Deferred Sales Load: N/A2.01%
3 Yr Expense Projection*:195368
5 Yr Expense Projection*:340590
10 Yr Expense Projection*:7621,208
* Per $10,000 invested