The fund invests primarily in fixed income instruments, including fixed income derivative instruments such as credit default swaps and U.S. Treasury futures. The fund may invest in exchange-traded funds to manage aggregate portfolio exposures. The fund may also invest in the securities of foreign issuers, including emerging market bonds. The fund may invest a majority of its assets in below investment-grade corporate bonds, commonly referred to as “high yield” or “junk” bonds, or unrated securities that Ares Systematic Credit Limited considers to be of an equivalent credit quality.

The Home Depot, Inc.

Viatris Inc.

Park-Ohio Holdings Corp.

AppLovin Corporation

XPO Logistics Inc

Altria Group

Ford Motor Company

Upbound Group, Inc.

Vertiv Holdings Co

HCA Healthcare, Inc.

Cash & Others

Harbor Ares Systematic Multi-Sector Income ETF

SIFI Holdings & Sector Breakdown