Harbor High-Yield Bond Fund, Investor Class
HYFIX
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USD
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Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 111 South Wacker Drive Chicago IL 60606
- IPO Date
- Jan 2, 2019
- CIK
- 0000793769
- Similar Companies
- Business
- Harbor High-Yield Bond Fund Investor Class (HYFIX) is an open-end mutual fund that seeks total return by investing primarily in high-yield, below-investment-grade fixed-income securities; non-investment grade corporate bonds; bank loans; and other high-yield debt instruments issued by U.S. and foreign companies across diverse sectors, with at least 80% of net assets allocated to these high-risk, high-reward assets plus any borrowings for investment purposes. The fund employs an active management strategy led by subadviser Shenkman Capital Management, Inc., which has overseen the portfolio since inception, focusing on fundamental credit analysis, security selection, and risk management to generate income and potential capital appreciation while mitigating default and downgrade risks. Investor Class shares carry an expense ratio of approximately 0.90%, with portfolio managers including experienced professionals such as Eric Dobbin. Harbor Capital Advisors, Inc., founded in 1983 and headquartered at 111 South Wacker Drive, 34th Floor, Chicago, Illinois, serves as the investment adviser, overseeing a manager-of-managers model that delegates subadvisory roles to specialist firms like Shenkman for fixed-income mandates. The fund, part of the broader Harbor Funds family launched starting in 1986, primarily targets individual investors, financial advisors, and institutions seeking high current income from high-yield bond exposure, with operations centered in the United States and holdings spanning domestic and select international issuers. In recent developments, Harbor Funds maintained continuity in the HYFIX subadvisory relationship with Shenkman Capital Management amid broader portfolio adjustments across the fund family, including portfolio manager changes in related fixed-income offerings such as the Harbor Core Bond Fund effective March 31, 2025. No major acquisitions, funding rounds, or product launches specific to HYFIX were announced in 2024 or 2025, though Harbor Capital continued expanding its multi-asset and fixed-income strategies through ongoing subadviser partnerships. The fund, incepted on November 29, 2002, remains focused on its core high-yield mandate without structural reorganizations.