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    Harbor High-Yield Bond Inv (HYFIX)

    10.60 0.00(0.00%) Apr 17

    Profile as of Mar 30, 2015Get Profile for:
    Harbor High-Yield Bond Inv
    Harbor Funds111 South Wacker Drive,34th FloorChicago, IL 60606-4302
    Map
    Phone: 800-422-1050
    Fund Overview 
    Category:High Yield Bond
    Fund Family:Harbor
    Net Assets:1.69B
    Year-to-Date Return:3.09%
    Yield:4.88%
    Morningstar Rating:3 stars
    Fund Inception Date:Dec 2, 2002
    Morningstar Style Box 
    High Yield Bond
    [View Category Definition]
    View Top High Yield Bond Funds
    About the Morningstar Style Box

    Style box information not available for HYFIX.

    Management Information 
    Mark J. Shenkman
    Lead Manager since Dec 2, 2002
    Mark R. Shenkman, President and Chief Investment Officer Mark R. Shenkman founded Shenkman Capital Management, Inc. in 1985. With years of investment and high yield investment experience, he is considered one of the pioneers of the high yield bond and loan markets. He is a co-author of two textbooks on the high yield market, entitled High Yield Bonds: Market Structure, Portfolio Management and Credit Risk Modeling (McGraw Hill, 1999) and Leveraged Financial Markets (McGraw Hill, 2010). Mr. Shenkman was President and Chief Investment Officer of First Investors Asset Management in New York. He also was Co-Manager and Vice President of the High Yield Bond Department at Lehman Brothers Kuhn Loeb in New York, where he established one of Wall Street’s earliest departments dedicated to the research, selling and trading of high yield securities. Mr. Shenkman was a research analyst and an equity portfolio manager at Fidelity Management and Research Company in Boston. From 1977 to 1979, he managed the first high yield bond mutual funds at Fidelity. Additionally, Mr. Shenkman is Chairman of the Board of Directors of the UCONN Foundation. He is a member of the Board of Trustees at The George Washington University; Vice Chairman of the Board at Wilbraham & Monson Academy since 1969; and he currently serves on the College of William and Mary, Mason School of Business Board of Advisors. He is also on the Board of Directors of the Hillel Foundation in Washington D.C. Mr. Shenkman received a BA in Political Science from the University of Connecticut (1965) and an MBA from The George Washington University (1967). Mr. Shenkman also received a Doctor of Humane Letters, honoris causa, from the University of Connecticut (2007).
    Investment Information 
    Min Initial Investment:2,500
    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
    HYFIX can be purchased from 110 brokerages.

    Fund Summary 
    The investment seeks total return. Under normal market conditions, the fund invests at least 80% of its net assets, plus borrowings for investment purposes, in a diversified portfolio of below investment-grade, high-risk, corporate bonds that are rated below Baa3 by Moody's or below BBB- by S&P or Fitch, commonly referred to as "high yield" or "junk" bonds. It may invest up to 20% of its net assets in bank loans and up to 10% of its total assets in equity securities, including common stock. Additionally, the fund may invest a portion of its assets in credit default swaps in which the fund may be either the buyer or the seller.

    Fund Operations 
    Last Dividend (Mar 29, 2015) : 0.13
    Last Cap Gain : 0.00
    Annual Holdings Turnover (Apr 15, 2015) : 48.00%
    Average for Category:74.72%
    Fees & Expenses 
    ExpenseHYFIXCategory Avg
    Annual Report Expense Ratio (net):1.01%1.08%
    Prospectus Net Expense Ratio:1.02%N/A
    Prospectus Gross Expense Ratio:1.06%N/A
    Max 12b1 Fee:0.25%N/A
    Max Front End Sales Load:N/A4.11%
    Max Deferred Sales Load: N/A2.10%
    3 Yr Expense Projection*:333518
    5 Yr Expense Projection*:581759
    10 Yr Expense Projection*:1,2911,537
    * Per $10,000 invested