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Harbor Capital Appreciation Fund (HACAX)

Overview
Performance
Holdings
Investment Team
Documents

Overview

Current Price

as of 7/5/2022

NAV Price

$66.67

NAV Daily Change ($)

$1.13

NAV Daily Change (%)

1.72%

NAV YTD Return

-33.84%

Morningstar Gold

Morningstar Analyst Rating™

The Morningstar Analyst Rating™ is based on the covering Morningstar Analyst's conviction in the fund's ability to outperform its peer group and/or relevant benchmark on a risk-adjusted basis over the long term. Harbor offers several funds with Gold, Silver, or Bronze ratings.

Source: Morningstar

Fund Facts

Inception Date

12/29/1987

Net Expense Ratio

0.65%disclaimer

Gross Expense Ratio

0.71%

Total Net Assets (million)

as of 6/30/2022

$15,484.321

Ticker

HACAX

Fund Number

2012

Share Class

Institutional

Top Ten Holdings

as of 3/31/2022

Tesla Inc [TSLA]

9.1%

Amazon.com Inc. [AMZN]

7.2%

Apple Inc. [AAPL]

6.8%

Microsoft Corporation [MSFT]

5.7%

NVIDIA Corporation [NVDA]

4.5%

Alphabet Inc. Class C [GOOG]

3.4%

Alphabet Inc. Class A [GOOGL]

3.4%

Salesforce Inc. [CRM]

2.8%

Adobe Incorporated [ADBE]

2.7%

Visa Inc. Class A [V]

2.7%

% of Total Holdings:

48.3%

Morningstar Gold

Morningstar Analyst Rating™

The Morningstar Analyst Rating™ is based on the covering Morningstar Analyst's conviction in the fund's ability to outperform its peer group and/or relevant benchmark on a risk-adjusted basis over the long term. Harbor offers several funds with Gold, Silver, or Bronze ratings.

Source: Morningstar

left quote

“Our fundamental research is what enables us to identify companies that create real economic value over time.”

right quote

Kathleen McCarragher

Managing Director & Head of Growth Equity, Jennison Associates LLC

Performance

Total Returns

MONTH-END
QUARTER-END
YEAR-BY-YEAR
MONTH-BY-MONTH

Fund Name

3 Mo.

YTD Return

1 Yr.

3 Yr.

5 Yr.

10 Yr.

Since Inception

Net Expense Ratio

Gross Expense Ratio

Capital Appreciation Fund

-25.49%

-35.62%

-32.12%

8.16%

12.05%

13.64%

11.49%

0.65%disclaimer

0.71%

Russell 1000® Growth Index

-20.92%

-28.07%

-18.77%

12.58%

14.29%

14.80%

10.72%

--

--

S&P 500 Index

-16.10%

-19.96%

-10.62%

10.60%

11.31%

12.96%

10.60%

--

--

Performance data shown represents past performance and is no guarantee of future results. Past performance is net of management fees and expenses and reflects reinvested dividends and distributions. Past performance reflects the beneficial effect of any expense waivers or reimbursements, without which returns would have been lower. Investment returns and principal value will fluctuate and when redeemed may be worth more or less than their original cost. Returns for periods less than one year are not annualized. Current performance may be higher or lower and is available through the most recent month end at harborfunds.com or by calling 800-422-1050.

The Russell 1000® Growth Index is an unmanaged index generally representative of the U.S. market for larger capitalization growth stocks. The Standard & Poor's 500 Index is an unmanaged index generally representative of the U.S. market for large capitalization equities. These unmanaged indices do not reflect fees and expenses and are not available for direct investment. The Russell 1000® Growth Index and Russell® are trademarks of Frank Russell Company.

Price History

CHART
TABLE

Record Date

Reinvest Date

Payable Date

Return of Capital Non Taxable Dist

Ordinary Income

Total Capital Gains

Short Term Capital Gains

Mid Term Capital Gains

Long Term Capital Gains

Total Distribution

Foreign Tax Credit

Reinvest Price

12/17/2021

12/20/2021

12/20/2021

0.00000

--

18.78540

--

0.00000

18.78540

18.78540

0.00000

--

12/16/2020

12/17/2020

12/17/2020

0.00000

0.00000

12.76479

0.00000

0.00000

12.76479

12.76479

0.00000

104.23

12/13/2019

12/16/2019

12/16/2019

0.00000

0.05047

6.67334

0.00000

0.00000

6.67334

6.72381

0.00000

74.60

12/14/2018

12/17/2018

12/17/2018

0.00000

0.14830

6.64723

0.00000

0.00000

6.64723

6.79553

0.00000

62.24

12/15/2017

12/18/2017

12/18/2017

0.00000

0.11238

7.91505

0.00000

0.00000

7.91505

8.02743

0.00000

70.20

12/16/2016

12/19/2016

12/19/2016

0.00000

0.06091

3.48780

0.00000

0.00000

3.48780

3.54871

0.00000

57.25

12/16/2015

12/17/2015

12/17/2015

0.00000

0.04869

4.10699

0.00000

0.00000

4.10699

4.15568

0.00000

61.03

12/17/2014

12/18/2014

12/18/2014

0.00000

0.04816

3.76608

0.00000

0.00000

3.76608

3.81424

0.00000

58.74

12/16/2013

12/17/2013

12/17/2013

0.00000

0.04510

1.72906

0.00000

0.00000

1.72906

1.77416

0.00000

54.57

12/14/2012

12/17/2012

12/17/2012

0.00000

0.16944

0.00000

0.00000

0.00000

0.00000

0.16944

0.00000

42.36

12/15/2011

12/16/2011

12/16/2011

0.00000

0.04266

0.00000

0.00000

0.00000

0.00000

0.04266

0.00000

36.19

12/16/2010

12/17/2010

12/17/2010

0.00000

0.07727

0.00000

0.00000

0.00000

0.00000

0.07727

0.00000

36.66

12/17/2009

12/18/2009

12/18/2009

0.00000

0.08679

0.00000

0.00000

0.00000

0.00000

0.08679

0.00000

32.29

12/18/2008

12/19/2008

12/19/2008

0.00000

0.15639

0.00000

0.00000

0.00000

0.00000

0.15639

0.00000

23.13

12/18/2007

12/19/2007

12/19/2007

0.00000

0.12233

0.00000

0.00000

0.00000

0.00000

0.12233

0.00000

36.50

12/18/2006

12/19/2006

12/19/2006

0.00000

0.07118

0.00000

0.00000

0.00000

0.00000

0.07118

0.00000

33.65

12/19/2005

12/20/2005

12/20/2005

0.00000

0.03054

0.00000

0.00000

0.00000

0.00000

0.03054

0.00000

33.02

12/29/2004

12/30/2004

12/30/2004

0.00000

0.10973

0.00000

0.00000

0.00000

0.00000

0.10973

0.00000

28.78

12/29/2003

12/30/2003

12/30/2003

0.00000

0.04852

0.00000

0.00000

0.00000

0.00000

0.04852

0.00000

26.26

12/27/2002

12/30/2002

12/30/2002

0.00000

0.03692

0.00000

0.00000

0.00000

0.00000

0.03692

0.00000

20.19

12/26/2001

12/27/2001

12/28/2001

0.00000

0.03917

0.00000

0.00000

0.00000

0.00000

0.03917

0.00000

29.47

12/20/2000

12/21/2000

12/22/2000

0.00000

0.00000

6.17401

0.00000

0.00000

6.17401

6.17401

0.00000

34.01

12/21/1999

12/22/1999

12/23/1999

0.00000

0.00000

4.60205

0.11634

0.00000

4.48571

4.60205

0.00000

49.14

12/28/1998

12/29/1998

12/31/1998

0.00000

0.06501

2.27618

0.00000

0.00000

2.27618

2.34119

0.00000

38.25

12/24/1997

12/26/1997

12/31/1997

0.00000

0.06684

4.85048

0.85839

1.91583

2.07626

4.91732

0.00000

28.18

12/24/1996

12/26/1996

12/31/1996

0.00000

0.02107

0.85964

0.00000

0.00000

0.85964

0.88071

0.00000

26.84

12/22/1995

12/26/1995

12/29/1995

0.00000

0.02582

0.31401

0.00000

0.00000

0.31401

0.33983

0.00000

22.69

12/23/1994

12/27/1994

12/30/1994

0.00000

0.03791

0.17459

0.00000

0.00000

0.17459

0.21250

0.00000

16.75

12/23/1993

12/27/1993

12/31/1993

0.00000

0.03447

1.12874

0.00000

0.00000

1.12874

1.16321

0.00000

16.18

12/24/1992

12/28/1992

12/31/1992

0.00000

0.01968

2.03511

0.16482

0.00000

1.87029

2.05479

0.00000

15.55

12/26/1991

12/27/1991

12/31/1991

0.00000

0.04335

0.97962

0.39165

0.00000

0.58797

1.02297

0.00000

15.61

12/24/1990

12/26/1990

12/31/1990

0.00000

0.14059

0.85820

0.00000

0.00000

0.85820

0.99879

0.00000

11.11

12/21/1989

12/22/1989

12/30/1989

0.00000

0.20724

1.18225

0.28386

0.00000

0.89839

1.38949

0.00000

12.09

12/23/1988

12/27/1988

12/30/1988

0.00000

0.17814

0.38113

0.23098

0.00000

0.15015

0.55927

0.00000

10.88

Holdings

Portfolio Characteristics

as of 3/31/2022

Capital Appreciation Fund

Number of Holdings

58

Wtd Avg Market Cap ($Mil)

812317.9

Price/Book Ratio

14.16

Adjusted Trailing P/E Ratio

37.2

% EPS Growth - Past 3 Yr

26.9

Return on Equity (%)

28.81

Forecasted P/E Ratio

34.6

Proj. Earnings Growth Rate (%)

24.7

Top Ten Holdings

as of 3/31/2022

Company Name [Ticker]

% of Net Assets

Tesla Inc[TSLA]

9.1

Amazon.com Inc.[AMZN]

7.2

Apple Inc.[AAPL]

6.8

Microsoft Corporation[MSFT]

5.7

NVIDIA Corporation[NVDA]

4.5

Alphabet Inc. Class C[GOOG]

3.4

Alphabet Inc. Class A[GOOGL]

3.4

Salesforce Inc.[CRM]

2.8

Adobe Incorporated[ADBE]

2.7

Visa Inc. Class A[V]

2.7

% of Total Holdings:

48.3%

This information should not be considered as a recommendation to purchase or sell a particular security. The holdings mentioned may change at any time and may not represent current or future investments.

as of 3/31/2022

Company Name [Ticker]

Country

Shares (000's)

Current Price ($)

Market Value ($000's)

% of Net Assets

Tesla Inc [TSLA]

United States

2,791

1,077.60

3,007,794

9.1

Amazon.com Inc. [AMZN]

United States

14,647

163.00

2,387,424

7.2

Apple Inc. [AAPL]

United States

12,919

174.61

2,255,749

6.8

Microsoft Corporation [MSFT]

United States

6,121

308.31

1,887,279

5.7

NVIDIA Corporation [NVDA]

United States

5,410

272.86

1,476,279

4.5

Alphabet Inc. Class C [GOOG]

United States

401

2,792.99

1,119,732

3.4

Alphabet Inc. Class A [GOOGL]

United States

400

2,781.35

1,113,575

3.4

Salesforce Inc. [CRM]

United States

4,339

212.32

921,234

2.8

Adobe Incorporated [ADBE]

United States

1,972

455.62

898,635

2.7

Visa Inc. Class A [V]

United States

4,037

221.77

895,303

2.7

LVMH Moet Hennessy Louis Vuitton SE [MC]

France

1,037

722.55

749,340

2.3

Mastercard Incorporated Class A [MA]

United States

2,089

357.38

746,585

2.3

Eli Lilly and Company [LLY]

United States

2,251

286.37

644,576

2.0

NIKE Inc. Class B [NKE]

United States

4,588

134.56

617,411

1.9

Costco Wholesale Corporation [COST]

United States

975

575.85

561,651

1.7

Estee Lauder Companies Inc. Class A [EL]

United States

2,047

272.32

557,460

1.7

Netflix Inc. [NFLX]

United States

1,443

374.59

540,358

1.6

Atlassian Corp. Plc Class A [TEAM]

United States

1,763

293.83

517,934

1.6

CrowdStrike Holdings Inc. Class A [CRWD]

United States

2,292

227.08

520,394

1.6

Airbnb Inc. Class A [ABNB]

United States

2,895

171.76

497,172

1.5

Uber Technologies Inc. [UBER]

United States

13,811

35.68

492,793

1.5

UnitedHealth Group Incorporated [UNH]

United States

963

509.97

490,871

1.5

Adyen NV [ADYEN]

Netherlands

242

2,012.78

486,878

1.5

Broadcom Inc. [AVGO]

United States

753

629.68

474,408

1.4

Shopify Inc. Class A [SHOP]

United States

687

675.96

464,666

1.4

Home Depot Inc. [HD]

United States

1,519

299.33

454,622

1.4

Lululemon Athletica Inc [LULU]

United States

1,153

365.23

421,089

1.3

MercadoLibre Inc. [MELI]

United States

352

1,189.48

419,011

1.3

Target Corporation [TGT]

United States

1,959

212.22

415,843

1.3

Meta Platforms Inc. Class A [FB]

United States

1,768

222.36

393,158

1.2

Meta Platforms Inc. Class A [META]

United States

1,768

222.36

393,158

1.2

Snap Inc. Class A [SNAP]

United States

10,429

35.99

375,355

1.1

Danaher Corporation [DHR]

United States

1,260

293.33

369,723

1.1

TJX Companies Inc [TJX]

United States

6,011

60.58

364,149

1.1

S&P Global Inc. [SPGI]

United States

881

410.18

361,343

1.1

Goldman Sachs Group Inc. [GS]

United States

1,038

330.10

342,651

1.0

DexCom Inc. [DXCM]

United States

2,598

127.90

332,303

1.0

Marriott International Inc. Class A [MAR]

United States

1,892

175.75

332,499

1.0

Snowflake Inc. Class A [SNOW]

United States

1,432

229.13

328,156

1.0

Match Group Inc. [MTCH]

United States

2,802

108.74

304,674

0.9

Intuitive Surgical Inc. [ISRG]

United States

996

301.68

300,489

0.9

Chipotle Mexican Grill Inc. [CMG]

United States

186

1,582.03

294,677

0.9

Schlumberger NV [SLB]

United States

7,124

41.31

294,292

0.9

Kering SA [KER]

France

399

640.55

255,736

0.8

Abbott Laboratories [ABT]

United States

2,130

118.36

252,134

0.8

Workday Inc. Class A [WDAY]

United States

988

239.46

236,533

0.7

KKR & Co Inc [KKR]

United States

3,856

58.47

225,482

0.7

Taiwan Semiconductor Manufacturing Co. Ltd. Sponsored ADR [TSM]

Taiwan

2,017

104.26

210,265

0.6

ZoomInfo Technologies Inc [ZI]

United States

3,437

59.74

205,324

0.6

Twilio Inc. Class A [TWLO]

United States

1,036

164.81

170,813

0.5

HubSpot Inc. [HUBS]

United States

342

474.94

162,193

0.5

O'Reilly Automotive Inc. [ORLY]

United States

235

684.96

161,111

0.5

Trade Desk Inc. Class A [TTD]

United States

2,360

69.25

163,455

0.5

Novo Nordisk A/S Sponsored ADR Class B [NVO]

Denmark

1,327

111.05

147,335

0.5

Roblox Corp. Class A [RBLX]

United States

3,171

46.24

146,605

0.4

American Tower Corporation [AMT]

United States

453

251.22

113,841

0.3

Okta Inc. Class A [OKTA]

United States

493

150.96

74,420

0.2

Total

--

--

--

33,347,941

101.1

Cash and Other Assets Less Liabilities

--

--

--

--

-1.1

Total Net Assets

--

--

--

--

100%

as of 3/31/2022

Economic Sector

Capital Appreciation Fund %

Russell 1000® Growth Index %

Information Technology

39.0

46.2

Consumer Discretionary

31.4

18.5

Communication Services

13.9

12.9

Health Care

7.7

8.9

Consumer Staples

3.4

4.2

Financials

2.8

2.5

Industrials

1.5

6.1

Energy

0.9

0.5

Real Estate

0.3

1.7

Materials

0.0

1.0

Utilities

0.0

0.0

as of 3/31/2022

Economic Sector

Capital Appreciation Fund %

Russell 1000® Growth Index %

Real Estate

4.4

-10.9

Materials

0.0

-17.0

Utilities

0.0

-4.2

Energy

-2.9

37.3

Consumer Discretionary

-6.5

-8.9

Health Care

-7.4

-7.5

Consumer Staples

-14.5

-2.5

Industrials

-14.9

-3.3

Financials

-15.5

-5.0

Information Technology

-16.1

-8.9

Communication Services

-20.4

-17.3

Investment Team

Jennison Associates LLC


Jennison Associates LLC believes that sustainable alpha generation is possible through a combination of deep fundamental research, specialized investment teams comprised of highly experienced portfolio managers and research analysts, bottom-up portfolio construction, and high-conviction investing. Jennison places an equal premium on the support of deep, longstanding client relationships. Over their history, they have expanded their array of capabilities across active equity, comprising a range of style, geography and market capitalization, and fixed income.

Documents

Fund Documents

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Capital Appreciation Fund Quarterly Report

04/28/2022
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Capital Appreciation Fund Portfolio Holdings

04/28/2022
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Capital Appreciation Fund Generic RFP

03/11/2022
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Capital Appreciation Fund Kit

06/03/2022
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Regulatory

nav icon

Capital Appreciation Fund Summary Prospectus

03/01/2022
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Harbor Mutual Fund Prospectus

05/02/2022
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Domestic Equity Annual Report

12/23/2021
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Domestic Equity Semi-Annual Report

06/29/2022
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Statement of Additional Information

06/29/2022
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Domestic Equity Fiscal Q3 Schedule of Holdings

12/08/2021
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Domestic Equity Fiscal Q1 Schedule of Holdings

03/31/2022

From time to time, certain fees and/or expenses have been voluntarily or contractually waived or reimbursed, which has resulted in higher returns. Without these waivers or reimbursements, the returns would have been lower. Voluntary waivers or reimbursements may be applied or discontinued at any time without notice. Only the Board of Trustees may modify or terminate contractual fee waivers or expense reimbursements.

There is no guarantee that the investment objective of the Fund will be achieved. Stock markets are volatile and equity values can decline significantly in response to adverse issuer, political, regulatory, market and economic conditions. At times, a growth investing style may be out of favor with investors which could cause growth securities to underperform value or other equity securities. Since the Fund may hold foreign securities, it may be subject to greater risks than funds invested only in the U.S. These risks are more severe for securities of issuers in emerging market regions.

The Morningstar Analyst Rating (i) should not be used as the sole basis in evaluating a fund, (ii) involves unknown risks and uncertainties which may cause the Manager Research Group’s expectations not to occur or to differ significantly from what they expected, and (iii) should not be considered an offer or solicitation to buy or sell the fund.

The Morningstar Analyst Rating™ is not a credit or risk rating. It is a subjective evaluation performed by Morningstar’s manager research group, which consists of various Morningstar, Inc. subsidiaries (“Manager Research Group”). In the United States, that subsidiary is Morningstar Research Services LLC, which is registered with and governed by the U.S. Securities and Exchange Commission. The Manager Research Group evaluates funds based on five key pillars, which are process, performance, people, parent, and price. The Manager Research Group uses this five-pillar evaluation to determine how they believe funds are likely to perform relative to a benchmark over the long term on a risk adjusted basis. They consider quantitative and qualitative factors in their research. For actively managed strategies, people and process each receive a 45% weighting in their analysis, while parent receives a 10% weighting. For passive strategies, process receives an 80% weighting, while people and parent each receive a 10% weighting. For both active and passive strategies, performance has no explicit weight as it is incorporated into the analysis of people and process; price at the share-class level (where applicable) is directly subtracted from an expected gross alpha estimate derived from the analysis of the other pillars. The impact of the weighted pillar scores for people, process and parent on the final Analyst Rating is further modified by a measure of the dispersion of historical alphas among relevant peers. For certain peer groups where standard benchmarking is not applicable, primarily peer groups of funds using alternative investment strategies, the modification by alpha dispersion is not used. The Analyst Rating scale is Gold, Silver, Bronze, Neutral, and Negative. For active funds, a Morningstar Analyst Rating of Gold, Silver, or Bronze reflects the Manager Research Group’s expectation that an active fund will be able to deliver positive alpha net of fees relative to the standard benchmark index assigned to the Morningstar category. The level of the rating relates to the level of expected positive net alpha relative to Morningstar category peers for active funds. For passive funds, a Morningstar Analyst Rating of Gold, Silver, or Bronze reflects the Manager Research Group’s expectation that a fund will be able to deliver a higher alpha net of fees than the lesser of the relevant Morningstar category median or 0. The level of the rating relates to the level of expected net alpha relative to Morningstar category peers for passive funds. For certain peer groups where standard benchmarking is not applicable, primarily peer groups of funds using alternative investment strategies, a Morningstar Analyst Rating of Gold, Silver, or Bronze reflects the Manager Research Group’s expectation that a fund will deliver a weighted pillar score above a predetermined threshold within its peer group. Analyst Ratings ultimately reflect the Manager Research Group’s overall assessment, are overseen by an Analyst Rating Committee, and are continuously monitored and reevaluated at least every 14 months. For more detailed information about Morningstar’s Analyst Rating, including its methodology, please go to https://shareholders.morningstar.com/investor-relations/governance/Compliance--Disclosure/default.aspx ©2022 Morningstar. 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. Past performance is no guarantee of future results.

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Harbor Funds Distributors, Inc. is the Distributor of the Harbor Mutual Funds.
Foreside Fund Services, LLC is the Distributor of the Harbor ETFs.

Investing involves risk and the potential loss of capital.

Investors should carefully consider the investment objectives, risks, charges and expenses of a fund before investing. To obtain a summary prospectus or prospectus for this and other information, click here or call 800-422-1050. Read it carefully before investing.

All trademarks or product names mentioned herein are the property of their respective owners. Copyright © 2022 Harbor Capital Advisors, Inc. All rights reserved.