MutualFundWire.com: After a Sale, Harbor Rebrands a $252MM-AUM Trio
MutualFundWire.com
   The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
Friday, February 20, 2026

After a Sale, Harbor Rebrands a $252MM-AUM Trio


The folks at a $67.2-billion-AUM*, subadvised fund firm in Illinois are rebranding a $252-million-AUM trio of U.S. funds (including its first two ETFs) in the wake of the sale of a $5.5-billion-AUM**, English ally.

Yesterday, the Harbor Capital Advisors, Inc. [profile] team filed to rebrand one open-end mutual fund and two active exchange-traded funds after Ares Management Corporation acquired BlueCove Limited earlier this month. Chicago-based Harbor will continue to serve as investment advisor to the rebranding funds, while London-based Ares Systematic Credit Limited (BlueCove's new name) will continue to serve as the funds' subadvisor. The rebranding funds include:
  • the Harbor Scientific Alpha High-Yield ETF (SIHY on the NYSE Arca), which will become the Harbor Ares Systematic High Yield ETF;
  • the Harbor Convertible Securities Fund, which will become the Harbor Ares Systematic Convertible Securities Fund; and
  • the Harbor Scientific Alpha Income ETF (SIFI).

    • The three funds are scheduled to adopt their new names on March 1.

    SIFY and SIHY's inception date was September 14, 2021. SIHY, which has an expense ratio of 48 basis points, now has about $179.295 million in AUM***. SIFI, which has an expense ratio of 50bps, now has about $33.119 million in AUM***.

    The Harbor Convertible Securities Fund first launched on May 1, 2011 with a different subadvisor, Shenkman Capital Management, Inc. BlueCove took over as the fund's subadvisor on March 1, 2023. The fund currently comes in three main flavors:
  • Institutional shares (HACSX), with an expense ratio of 71bps;
  • Investor shares (HICSX), with an expense ratio of 106bps; and
  • Retirement shares (HNCVX), with an expense ratio of 63bps.
    • All share classes bake in a 31bps fee waiver, though it is only promised through February 28. (A fourth share class, Administrative shares or HRCSX, comes with a 96bps expense ratio but will no longer be sold starting on April 14 and will be liquidated on April 21.) The fund now has about $39.963 million in AUM****.

    Ares Systematic Credit chief investment officer Benjamin Brodsky, portfolio management chief Michael Harper, and credit chief Benoy Thomas serve as portfolio managers on all three of the firm's Harbor funds. Additionally, Ares SC asset allocation chief Garth Flannery serves as PM on SIFI and SIHY, and Giancarlo Pesolillo serves as a PM on SIHY.

    SIHY and SIFI are each actively managed series of Harbor ETF Trust, while the Harbor Convertible Securities Fund is an actively managed series of Harbor Funds. Other providers to all three funds include:
  • Ernst & Young LLP as independent accounting firm; and
  • State Street Bank and Trust Company as custodian and securities lending agent.

    • For the two ETFs, ACA's Foreside Fund Services, LLC also serves as distributor, and State Street also serves as dividend disbursing agent and transfer agent. For the traditional mutual fund, Harbor Funds Distributors, Inc. is the distributor, and Harbor Services Group, Inc. is the shareholder servicing agent and transfer agent.

    *As of December 31, 2025.

    **As of September 30, 2025.

    ***As of February 20, 2026 (today).

    ****As of January 31, 2026.


    Printed from: MFWire.com/story.asp?s=72129

    Copyright 2026, InvestmentWires, Inc.
    All Rights Reserved
    Back to Top