Harbor will remove Shenkman Capital as Harbor High-Yield Bond’s subadvisor effective February 2023 and will convert remaining assets to Harbor Scientific Alpha High-Yield ETF SIHY, subadvised by BlueCove Limited. These changes materially alter this strategy, and more time is needed to assess if this fresh approach has an edge over peers. This shift warrants Morningstar Analyst Rating downgrades to Neutral from Silver and Bronze for its cheaper share classes, while its most expensive shares remain Neutral.
- NAV / 1-Day Return 8.86 / 0.91 %
- Total Assets 196.2 Mil
-
Adj. Expense Ratio
0.670%
- Expense Ratio 0.650%
- Distribution Fee Level Below Average
- Share Class Type Institutional
- Category High Yield Bond
- Credit Quality / Interest Rate Sensitivity —
- Min. Initial Investment 1,000
- Status Open
- TTM Yield 5.70%
- Effective Duration —
Morningstar’s Analysis HYFAX
Will HYFAX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
People Pillar
Parent Pillar
A new subadvisor will wield an unproven approach.
