HXIAX — Harvest Asian Bond Fund
Data updated: 2022-05-31
HXIAX — Harvest Asian Bond Fund. Bond · $7.46M AUM · 1.13% expense ratio · -46.6% 1-yr return. Holdings, fees, performance and SEC filings.
HXIAX Fund Overview
HXIAX — Harvest Asian Bond Fund is a US mutual fund managed by Advisors' Inner Circle Fund, categorised as Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Advisors' Inner Circle Fund
- Category: Bond
- Assets under management: $7.46M
- 1-year return: -46.6%
- Ticker: HXIAX
- SEC CIK: 0000878719
- SEC series ID: S000039134
- Share class ID: C000120402
HXIAX Investment Objective and Strategy
Harvest Asian Bond Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Advisors' Inner Circle Fund.
Investment objective
"The Harvest Asian Bond Fund (the ""Fund"") seeks long-term total return through a combination of capital appreciation and current income."
Principal investment strategy
"The Fund seeks to achieve its objective by investing, under normal market conditions, at least 80% of its net assets, plus any borrowings for investment purposes, in a portfolio of fixed income securities of Asian issuers, and other instruments with economic characteristics similar to such securities. Asian issuers include governments, and the agencies and instrumentalities of governments, in the China and Asian region. In addition, a company is considered to be an Asian issuer if: (i) at least 50% of the company's assets are located in the China and Asian region; (ii) at least 50% of the company's revenue is generated in the China and Asian region; (iii) the company is organized or maintains its principal place of business in the China and Asian region; or (iv) the company's securities are traded principally in the China and Asian region.
Countries in the China and Asian region include Hong Kong, Taiwan, South Korea, Malaysia, Singapore, Thailand, Philippines, Indonesia, India, Mongolia, Vietnam, Japan and Sri Lanka. The Fund invests primarily in securities that are denominated in U.S. dollars, Euro, Renminbi, the official currency of the People's Republic of China (""PRC"") or other local Asian currencies. The Fund may invest in PRC domestic securities through Bond Connect, a program that provides foreign investors with access to China's onshore bond market. The Fund may also invest in participatory notes or other structured or derivative instruments (""Access Products"") and exchange-traded funds (""ETFs"") to gain exposure to, among other things, PRC domestic securities, and may invest in Renminbi-denominated securities traded on the CNH market, which is an over-the-counter market located in countries other than the PRC, such as Hong Kong or Singapore, that may be accessed by investors located outside of the PRC.
In the event that Harvest obtains Qualified Foreign Institutional Investor (""QFII"") or Renminbi Qualified Foreign Institutional Investor (""RQFII"") status and is granted the quota to invest in PRC domestic securities, it may invest the Fund's assets directly in such PRC domestic securities. Additionally, the Fund may invest in forward currency contracts and currency futures to hedge U.S. dollar-denominated exposure to the Renminbi and U.S. Treasury futures to hedge against fluctuations in U.S. interest rates. The Fund may invest in both investment-grade and high yield securities (also known as ""junk bonds""). Investment grade securities are generally considered to be those rated Baa3 or better by Moody's Investor Services or BBB- or better by Standard & Poor Corporation or Fitch, Inc.
High yield securities are those securities rated lower than investment grade. The Fund may also invest in unrated securities which are determined by Harvest to be of comparable quality. The Fund may purchase securities of various maturities. Under normal market conditions, the Fund expects to maintain an average portfolio duration of 3 to 5 years. In selecting securities for the Fund, Harvest pursues a combined approach of top-down and bottom-up research. In its top-down approach, Harvest considers economic data on a global, regional and local basis (e.g., economic growth, monetary and fiscal policies and interest rate cycles) in order to identify longer-term macro trends and current themes which, in the view of Harvest, are likely to impact markets. In its bottom-up approach, Harvest uses a proprietary internal rating process and incorporates its sector views and strategies determined from the top-down approach.
The Fund may change its 80% policy at any time and will notify shareholders in writing 60 days in advance of the change. Access Products and ETFs with economic characteristics similar to fixed income securities of Asian issuers will be included as investments that satisfy the Fund's 80% policy described above. The Fund may buy and sell securities frequently in seeking to achieve its objective."
HXIAX Performance
Total returns for HXIAX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -46.6% |
| 3 years (annualised) | -42.2% |
HXIAX Risk Information
Risk metrics for HXIAX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 5.6%
HXIAX Costs and Fees
HXIAX costs about $113 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.13%
- Gross expense ratio: 4.41%
- Portfolio turnover: 556%
- Brokerage commissions: 0.04 bps of average net assets (SEC N-CEN)
HXIAX Cashflows
Over the 12 months to 2022-03, Harvest Asian Bond Fund had net inflows of $9.65M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2022-03 | $489.57K |
| 2022-02 | $2.42M |
| 2022-01 | $549.74K |
| 2021-12 | $335.32K |
| 2021-11 | $654.07K |
| 2021-10 | $684.04K |
HXIAX Debt Constituents
No individual debt constituents are reported in Harvest Asian Bond Fund's latest SEC N-PORT filing.
HXIAX Prospectus and SEC Filings
Official Harvest Asian Bond Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2022-04-29
- Prospectus (485BPOS) — filed 2021-04-30
- Prospectus supplement (497) — filed 2020-05-19
- Portfolio holdings (N-PORT) — filed 2022-05-31
- Portfolio holdings (N-PORT) — filed 2022-02-28
- Portfolio holdings (N-PORT) — filed 2021-11-24
- Annual census (N-CEN) — filed 2022-03-16
- Annual census (N-CEN) — filed 2021-03-15
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Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.