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Trending ETFs

Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$10.02

$177 M

0.00%

$0.00

1.12%

Vitals

YTD Return

-13.8%

1 yr return

-12.5%

3 Yr Avg Return

8.4%

5 Yr Avg Return

7.2%

Net Assets

$177 M

Holdings in Top 10

13.7%

52 WEEK LOW AND HIGH

$9.9
$9.54
$13.84

Expenses

OPERATING FEES

Expense Ratio 1.12%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 50.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$2,500

IRA

$1,000


Fund Classification

Fund Type

Open End Mutual Fund

Investment Style

Convertibles


Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$10.02

$177 M

0.00%

$0.00

1.12%

HICSX - Profile

Distributions

  • YTD Total Return -13.8%
  • 3 Yr Annualized Total Return 8.4%
  • 5 Yr Annualized Total Return 7.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.29%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Harbor Convertible Securities Fund
  • Fund Family Name
    Harbor
  • Inception Date
    May 02, 2011
  • Shares Outstanding
    N/A
  • Share Class
    Inv
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Mark Shenkman

Fund Description

Under normal market conditions, the fund invests at least 80% of its net assets, plus borrowings for investment purposes, in a diversified portfolio of convertible securities. It also focuses primarily on convertible securities of corporate issuers with debt rated below investment-grade (below Baa3 by Moody's or below BBB- by S&P or Fitch), commonly referred to as "high-yield" or "junk" bonds.


HICSX - Performance

Return Ranking - Trailing

Period HICSX Return Category Return Low Category Return High Rank in Category (%)
YTD -13.8% -31.9% 5.7% 35.29%
1 Yr -12.5% -20.8% -1.5% 40.70%
3 Yr 8.4%* 3.3% 16.1% 79.27%
5 Yr 7.2%* 2.6% 14.2% 85.19%
10 Yr 6.5%* 5.9% 12.3% 94.67%

* Annualized

Return Ranking - Calendar

Period HICSX Return Category Return Low Category Return High Rank in Category (%)
2021 -10.7% -18.9% 2.4% 40.96%
2020 19.7% 5.8% 54.0% 86.08%
2019 13.7% 9.9% 24.4% 87.34%
2018 -6.5% -15.4% -2.5% 28.95%
2017 -2.5% -7.8% 15.4% 93.24%

Total Return Ranking - Trailing

Period HICSX Return Category Return Low Category Return High Rank in Category (%)
YTD -13.8% -31.9% 5.7% 30.59%
1 Yr -12.5% -20.8% 33.8% 36.78%
3 Yr 8.4%* 3.3% 16.1% 79.52%
5 Yr 7.2%* 2.6% 14.2% 84.15%
10 Yr 6.5%* 5.9% 12.3% 94.67%

* Annualized

Total Return Ranking - Calendar

Period HICSX Return Category Return Low Category Return High Rank in Category (%)
2021 -10.7% -18.9% 2.4% 40.96%
2020 19.7% 5.8% 54.0% 86.08%
2019 13.7% 9.9% 24.4% 87.34%
2018 -0.7% -15.4% 4.5% 11.84%
2017 7.9% 1.8% 18.4% 87.84%

NAV & Total Return History


HICSX - Holdings

Concentration Analysis

HICSX Category Low Category High HICSX % Rank
Net Assets 177 M 25.6 M 4.09 B 79.07%
Number of Holdings 161 10 381 14.61%
Net Assets in Top 10 24.6 M -991 K 795 M 87.64%
Weighting of Top 10 13.66% 9.5% 100.0% 95.51%

Top 10 Holdings

  1. Palo Alto Networks Inc 0.75% 1.90%
  2. DexCom Inc 0.25% 1.72%
  3. Splunk Inc 1.12% 1.71%
  4. Microchip Technology Incorporated 1.62% 1.67%
  5. Bilibili Inc 1.25% 1.63%
  6. ON Semiconductor Corp. 1.62% 1.62%
  7. Zillow Group Inc 2.75% 1.61%
  8. Etsy Inc 0.12% 1.57%
  9. Jazz Investments I LTD 1.5% 1.54%
  10. DISH Network Corporation 3.375% 1.54%

Asset Allocation

Weighting Return Low Return High HICSX % Rank
Convertible Bonds
99.72% 37.15% 110.54% 3.37%
Cash
0.28% -81.48% 7.92% 74.16%
Stocks
0.00% 0.00% 27.26% 95.51%
Preferred Stocks
0.00% 0.00% 22.93% 94.38%
Other
0.00% -17.11% 1.13% 48.31%
Bonds
0.00% -18.46% 76.04% 56.18%

HICSX - Expenses

Operational Fees

HICSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.12% 0.20% 2.64% 40.23%
Management Fee 0.65% 0.20% 1.37% 45.88%
12b-1 Fee 0.25% 0.00% 1.00% 37.25%
Administrative Fee N/A 0.04% 0.15% N/A

Sales Fees

HICSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

HICSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 2.00% 2.00% 62.50%

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

HICSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 50.00% 30.00% 154.00% 34.21%

HICSX - Distributions

Dividend Yield Analysis

HICSX Category Low Category High HICSX % Rank
Dividend Yield 0.00% 0.00% 9.40% 87.64%

Dividend Distribution Analysis

HICSX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Monthly Quarterly

Net Income Ratio Analysis

HICSX Category Low Category High HICSX % Rank
Net Income Ratio -0.29% -3.72% 3.73% 77.65%

Capital Gain Distribution Analysis

HICSX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

HICSX - Fund Manager Analysis

Managers

Mark Shenkman


Start Date

Tenure

Tenure Rank

May 02, 2011

11.09

11.1%

Mark R. Shenkman founded Shenkman Capital Management, Inc. in 1985. With 46 years of investment experience, and 38 years of high yield investment experience, he is considered one of the pioneers of the high yield bond and loan markets. Prior to founding Shenkman in 1985, 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).

Jordan Barrow


Start Date

Tenure

Tenure Rank

Mar 01, 2016

6.25

6.3%

Jordan Barrow joined Shenkman Capital in 2004.  He has over 16 years of leveraged finance investing experience and has been a portfolio manager since 2011.  Mr. Barrow has experience managing portfolios for the firm’s High Yield, Short Duration, and Convertible strategies.  He started his career as a high yield research analyst specializing in Healthcare and has also covered Retail, Technology and Service Industries.  In 2010, Mr. Barrow was instrumental in launching the firm’s Short Duration High Yield Strategy. He was also key in the launches of the Global Convertible and Investment Grade Convertible Strategies, in 2015 and 2014, respectively.  Mr. Barrow is a member of Shenkman Capital’s Risk Committee and currently serves on the board of the Friends of Mount Sinai Health System.  Mr. Barrow received a BA degree in Economics and International Relations from the University of Pennsylvania.  In addition, he is a CFA charterholder (2007).

Justin Slatky


Start Date

Tenure

Tenure Rank

Mar 01, 2017

5.25

5.3%

Justin W. Slatky joined Shenkman Capital in 2011. He has 21 years of investing experience in high yield and distressed securities. Prior to joining Shenkman Capital, Mr. Slatky was Co-Head and Managing Director of the Distressed Bond business in New York and London for Goldman Sachs. He was also a member of the Credit Investment Committee charged with reviewing proprietary investments within the Credit Department. Before joining the distressed bond business in 2002, Mr. Slatky was a telecom high yield analyst and a recipient of Institutional Investor’s Runner-Up award. He joined Goldman Sachs from Credit Suisse First Boston in 1999, where he worked as a high yield analyst as part of an II ranked telecom team. Mr. Slatky graduated magna cum laude with a BS in Economics (1998) and an MBA (1999) from The Wharton School at the University of Pennsylvania.

Thomas Whitley


Start Date

Tenure

Tenure Rank

Mar 01, 2019

3.25

3.3%

Tom Whitley joined Shenkman Capital in 2008. He has over 13 years of research experience covering various industries, including the healthcare sector.  He has been a member of the convertible team since 2012. Mr. Whitley previously worked as an Equity Research Assistant at Chapdelaine Institutional Equities and as an Associate at Moody's Investors Service. Mr. Whitley received a BS in Business Administration from Villanova University. He is a CFA charterholder (2011).

Tenure Analysis

Category Low Category High Category Average Category Mode
0.25 36.97 10.09 7.42