Harbor Convertible Securities Fd Investor Class
HICSX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 111 South Wacker Drive Chicago IL United States of America 60606
- IPO Date
- May 3, 2011
- CIK
- 0000793769
- Website
- harborcapital.com
- Similar Companies
- Business
- Harbor Convertible Securities Fund Investor Class (HICSX) is an open-end mutual fund that invests primarily in a diversified portfolio of convertible securities issued by U.S. and non-U.S. corporate issuers, including convertible bonds, convertible preferred stocks, and other hybrid securities offering equity conversion features; the fund targets at least 80% of its net assets, plus any borrowings for investment purposes, in such instruments across sectors like software/services, electric-integrated utilities, pharmaceuticals, REITs, and recreation & travel, with top holdings including Wells Fargo & Co., Boeing Co., MicroStrategy Inc., DraftKings Inc., and El Paso Energy Capital Trust I. The Investor Class shares, domiciled in the United States and available for sale within the country with a minimum initial investment of $2,500, feature a net expense ratio of 1.06% and daily pricing. Harbor Capital Advisors Inc., founded in 1983 and headquartered at 111 South Wacker Drive, 34th Floor, Chicago, Illinois, serves as the investment adviser with overall responsibility for the fund's management. A key recent development occurred effective March 1, 2023, when BlueCove Limited, a scientific asset management firm founded in 2018 specializing in quantitative fixed income processes, replaced the prior subadviser Shenkman Capital Management Inc., resulting in changes to the fund's investment strategy, risk profile, and benchmark, which shifted to the ICE BofA U.S. Convertible Bond Index; this transition broadened Harbor Capital's strategic partnership with BlueCove, whose team—including Chief Investment Officer Benjamin Brodsky, CFA, Head of Portfolio Management Michael Harper, CFA, and Head of Credit Benoy Thomas, CFA—now manages the portfolio. No major funding rounds, acquisitions, or new product launches specific to HICSX have been reported in the last two years, though the fund maintained ongoing distributions of ordinary income and capital gains through 2024. The fund operates within the convertibles category, serving retail and institutional investors seeking a blend of income, capital appreciation, and reduced volatility compared to pure equity or fixed income strategies.