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Rating:Harbor to Dissolve Short Term Fund Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, August 19, 2010

Harbor to Dissolve Short Term Fund

Reported by Sean Hanna, Editor in Chief

Shareholders in the Harbor Short Duration Fund [HRSDX) will soon need to find another safe harbor for the cash. Chicago-based Harbor Funds [see profile revealed Thursday that it will be liquidating the fund at the end of October. [SEC filing]

Fischer Francis Trees & Watts has been a subadvisor to the $39 million bond fund. The fund carries a two-star rating from Morningstar [see fund fact sheet].

No reason for the decision to liquidate and dissolve the fund was provided. The board stated that it expects the end of the fund to come on October 29, 2010.

Because the Fund will be liquidating, the it is now closed to new investors. 

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