kicked off the second quarter with a product launch. On Thursday, Chicago-based Harbor launched its 19th mutual fund, the Harbor Unconstrained Bond Fund
. This is the fourth fund that Pimco
is sub-advising for Harbor.
The institutional share class of the Unconstrained Bond Fund has an expense
ratio of 105 basis points; the administrative share class has 130 bps.
As of March 31, Harbor has $49.8 billion of AUM across its lineup of no-load
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