Investment Objective: |
The Fund invests in Underlying Funds that provide exposure to one or more broad asset classes, such as equities, fixed income securities of any credit quality (including below-investment grade bonds, also known as high-yield bonds or "junk" bonds), real estate investment trusts, commodities, and cash and cash equivalents. The Fund invests, through Underlying Funds, in markets around the world, including both in developed and emerging markets. Managed in-house by Harbor's Multi-Asset Solutions Team, MAPP is the years long culmination of several initiatives that utilizes a proprietary growth (real economic activity), liquidity (money and credit cycle), and inflation (trend growth in prices) framework that defines the current Business Cycle Regime. A layer of bottom-up, fundamental research is added - potentially offering more flexibility and consideration of intangibles than traditional systematic models. |