Harbor Ares Systematic Convertible Securities Fund;Invstr (HICSX)
Harbor Ares Systematic Convertible Securities Fund;Invstr operates in the Asset Management industry of the Financial Services sector, headquartered in Chicago, IL, US. The stock last traded at $15.10, up 0.20% on the session, giving a market capitalisation of $33.2M. Its beta of 1.09 implies it has historically moved more than the broad market.
Under typical market circumstances, this fund allocates a significant portion—at least 80%—of its total capital, including any borrowed funds, to a varied collection of convertible securities. Furthermore, the fund primarily targets convertible instruments issued by corporate entities whose debt is assessed as sub-investment grade (specifically, below Baa3 by Moody's or BBB- by S&P or Fitch), often known in financial circles as "high-yield" or "junk" bonds.
Harbor Ares Systematic Convertible Securities Fund;Invstr is most often compared with the following Financial Services names: