Harbor Convertible Securities Fund Q3 2025 Commentary (HACSX)

Harbor Capital Advisors 51 Follower s Follow 5 Share Save Play ( 6min ) Comments Summary The Harbor Convertible Securities Fund invests primarily in convertible securities of U.S. and non-U.S. corporate issuers. The risk rally continued during the third quarter, with U.S. equities gaining 8% and U.S. convertibles up nearly 9%. During the third quarter of 2025, the Harbor Convertible Securities Fund (Institutional Class) returned 9.07%, outperforming its benchmark. Returns from security selection were positive, driven by names in the Technology sector. We believe these factors underpin concerns that expensive risky asset valuations belie macroeconomic fundamentals. Torsten Asmus/iStock via Getty Images The backdrop of continuing U.S. labor market weakness has been increasingly reflected in consumer sentiment surveys and upward trends in credit delinquencies. - BlueCove Limited Market in Review The risk rally continued during the This article was written by Harbor Capital Advisors 51 Follower s Follow Harbor Capital is an asset manager focused on curating an intentionally select suite of active ETFs that they believe have the potential to produce compelling, risk-adjusted returns within a portfolio. Note: This account is not managed or monitored by Harbor Capital, and any messages sent via Seeking Alpha will not receive a response. For inquiries or communication, please use Harbor Capital's official channels.

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