Harvest Funds Intermediate Bond Awarded Five Star Morningstar Rating™
NEW YORK, March 23, 2016 /PRNewswire/ -- The Harvest Funds Intermediate Bond (Fund) received a five-star Morningstar RatingTM as of Feb. 29, 2016 based on risk-adjusted returns for the 3-year period. The Morningstar RatingTM, commonly known as the star rating, is a measure of a fund's risk-adjusted return relative to similar funds. Mutual funds are rated from one to five stars, with the best performers receiving five stars. The Fund (HXIIX & HXIAX) is in the Morningstar Emerging Markets Bond Fund Category, which includes 272 funds rated overall.
Launched on February 27, 2013, the Fund seeks long-term return through a combination of capital appreciation and current income by investing primarily in investment grade and high-yield, high-quality China bonds. Additional details on fund performance and investment specifics are available at the Harvest USA or Morningstar websites.
The Fund is marketed to financial professionals by Harvest USA, the U.S. distribution arm for Harvest Fund Management (Harvest), which is a premier global investment company.
"We are pleased that Morningstar has recognized HXIIX and HXIAX with a 5-star Morningstar RatingTM," said Simon Arrata, CEO and key architect of Harvest USA's fund strategy. "This ranking is an example of Harvest's value proposition, and demonstrates the potential benefits from our combination of deep Chinese investment understanding and extensive U.S. investment market experience and relationships."
Disclosures
Past performance is no guarantee of future results.
An investor should consider the investment objectives, risks, charges and expenses of the Fund(s) carefully before investing. Please read the prospectus carefully before investing. To determine if the Fund is an appropriate investment for you, carefully consider the funds investment objectives, risk, and charges and expenses. This and other information can be found in the funds full or summary prospectus, which can be obtained by calling 1-917-696-3678. Please read the prospectus carefully before investing.
© 2016 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. For each fund with at least a three year history, Morningstar calculates a Morningstar RatingTM based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receives 2 stars and the bottom 10% receive 1 star. The Overall Morningstar RatingTM for a fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Ratings metrics. The Harvest Fund Intermediate Bond was rated against 272 funds in the Emerging Markets Bond category over the last three years and received a Morningstar RatingTM of 5 stars.
Mutual fund investing involves risk, including possible loss of principal. There can be no assurance that the Fund will achieve its stated objectives. Bond and bond funds will decrease in value as interest rates rise. The Fund focuses its investments primarily with Chinese issuers and issuers with economic ties to China. The Fund is subject to political, social or economic instability within China which may cause decline in value. Fluctuations in currency of foreign countries may have an adverse effect to domestic currency values. Emerging markets involve heightened risk related to the same factors as well as increase volatility and lower trading volume. The Fund uses derivative instruments. The primary risk of derivative instruments is that changes in the market value of securities held by the fund and of the derivative instruments relating to those securities may not be proportionate. Derivatives are also subject to illiquidity and counterparty risk. High yield bonds involve greater risk of default or downgrade and are more volatile than investment grade securities, due to the speculative nature of their investments.
The Harvest Funds are distributed by SEI Investments Distribution Company, 1 Freedom Valley Drive, Oaks, PA 19456. SEI is not affiliated with Harvest Global Investments Limited, the Investment Adviser for the Fund.
Not FDIC insured | May Lose Value | No Bank Guarantee
About Harvest Fund Management
Headquartered in Beijing, China, Harvest Fund Management is a leading asset management company servicing and advising institutional and retail investors in Mainland China. The firm ranks among the largest China-focused investment companies with approximately $89 billion in assets under management and serving more than 8 million clients.
Harvest was established in 1999 with a simple guiding principle: "We will bring forth added value to our customers' wealth to better serve their lives." This is the core value of Harvest. Since 1999, Harvest has strived to keep that promise by offering a comprehensive range of investment products across Chinese and Asian asset classes and continuing to explore investment opportunities for clients.
About Harvest Global Investments
Hong Kong-based Harvest Global Investments ("HGI") is a wholly owned subsidiary and the international investment arm of Harvest Fund Management. HGI is the Investment Advisor to the Harvest Funds Intermediate Bond (HXIIX). Harvest Global Investments Limited was established in Hong Kong as a wholly owned subsidiary of Harvest Fund Management Co., Ltd.
About Harvest USA (www.harvestUSA.com)
Harvest USA distributes Harvest Global Investments mutual funds across the United States and Canada. Harvest USA is headquartered in New York and is a registered broker dealer and member of FINRA and SIPC.
About Simon Arrata (see Harvest USA Bio) Mr. Arrata has served as CEO of Harvest's U.S. distribution company since February 2014 and is responsible for all sales and marketing activities for Harvest's investment products in the United States. He also leads the firm's product development and China educational efforts. Mr. Arrata has more than 18 years of investment industry experience.
SOURCE Harvest USA
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