# Harbor Ares Systematic Convertible Securities Fund;Invstr (HICSX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/hicsx for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: — · Asset class: Equity - Strategy: Thematic · Inception: 2011-05-03 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. ## Key Facts | Metric | Value | |---|---| | Price | $14.19 | | Expense Ratio | 1.05% | | Assets Under Management | $31.2M | | NAV | $14.19 | | Holdings Count | — | | Distribution Yield (TTM) | 1.64% | | Annual Distribution (TTM) | $0.23 /share | | Distribution Frequency | Quarterly | | 52-Week Range | $12.80 – $16.52 | | Beta | 1.09 | ## Latest Distribution - Amount: $0.0479 /share - Ex-date: 2026-09-30 - Pay date: 2026-09-30 ## Frequently Asked Questions ### What does HICSX invest in? 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. ### What is the expense ratio of HICSX? Harbor Ares Systematic Convertible Securities Fund;Invstr (HICSX) charges an expense ratio of 1.05%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is HICSX? Harbor Ares Systematic Convertible Securities Fund;Invstr (HICSX) manages $31.2M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation. ### Is HICSX actively managed or an index fund? HICSX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy. ### When was HICSX launched? Harbor Ares Systematic Convertible Securities Fund;Invstr (HICSX) launched in May 2011 and is managed by the fund issuer. ### How has HICSX performed? HICSX's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon. ### Does HICSX pay a dividend? Harbor Ares Systematic Convertible Securities Fund;Invstr (HICSX) currently distributes little or no income. Trailing-twelve-month yield is 1.64%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does HICSX pay dividends? Harbor Ares Systematic Convertible Securities Fund;Invstr pays dividends Quarterly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is HICSX's dividend yield? HICSX's trailing-twelve-month yield is 1.64%, calculated from the sum of dividends over the past year divided by the current price. ### When is HICSX's next ex-dividend date? The most recently announced ex-dividend date for HICSX was 2026-09-30. The next ex-date typically follows Quarterly; once announced it appears at the top of the dividend history table on this page. ### How much will HICSX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 1.05% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does HICSX charge its expense ratio? The expense ratio is deducted in tiny daily slices from HICSX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does HICSX cost more than a fund like VOO? HICSX's strategy (current expense ratio 1.05%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where HICSX sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to HICSX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as HICSX (1.05%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/hicsx - Distribution history: https://www.dividenddata.com/funds/hicsx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/hicsx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/hicsx/expenses - Peer comparison: https://www.dividenddata.com/funds/hicsx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.