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Harbor Disruptive Innovation Fund (HAMGX)

Overview

Performance

Holdings

Investment Team

Documents

Overview

Current Price

as of 11/29/2022

NAV Price	$4.19
NAV Daily Change ($)	-$0.04
NAV Daily Change (%)	-0.95%
NAV YTD Return	-43.45%

Fund Facts

Inception Date	11/1/2000
Net Expense Ratio	0.88%
Gross Expense Ratio	0.88%
Total Net Assets (million) as of 10/31/2022	$73.035
Ticker	HAMGX
Fund Number	2019
Share Class	Institutional

Top Ten Holdings

as of 9/30/2022

Amazon.com Inc. [AMZN]	4.0%
Lam Research Corporation [LRCX]	3.4%
Tesla Inc [TSLA]	3.3%
Microchip Technology Incorporated [MCHP]	3.2%
Workday Inc. Class A [WDAY]	3.1%
ServiceNow Inc. [NOW]	3.1%
Adyen NV [ADYEN]	3.0%
Salesforce Inc. [CRM]	3.0%
Microsoft Corporation [MSFT]	3.0%
Atlassian Corp Class A [TEAM]	2.6%
% of Total Holdings:	31.8%

The pace of disruption and magnitude of technological advancement are reshaping the investment landscape.

Harbor Disruptive Innovation seeks to offer diverse exposure to leading edge

transformational companies across market segments.

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

Disruptive Innovation Fund

-11.66%

-41.70%

-46.87%

-0.46%

5.25%

9.78%

4.75%

0.88%

S&P 500 Index

-5.86%

-17.70%

-14.61%

10.22%

10.44%

12.79%

6.67%

Russell 3000® Growth Index

-8.45%

-26.36%

-24.67%

11.31%

12.07%

14.37%

6.23%

Effective 9/1/2021 the Harbor Mid Cap Growth Fund has been renamed the Harbor Disruptive Innovation Fund and will seek to invest in what it believes to be disruptive and innovative companies of any market capitalization. Any performance prior to this effective date is attributable to the prior subadviser.

Effective September 1, 2021, the Fund’s benchmark index changed from the Russell Midcap® Growth Index to the S&P 500 Index as the Adviser believes this index is a more appropriate comparison in light of the Fund’s new name and investment strategy.

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 harborcapital.com or by calling 800-422-1050.

The S&P 500 Index is an unmanaged index generally representative of the U.S. market for large capitalization equities. This unmanaged index does not reflect fees and expenses and is not available for direct investment.

The Russell 3000® Growth Index measures the performance of the broad growth segment of the US equity universe. It includes Russell 3000® Index companies with higher price-to-book ratios and higher forecasted growth values. It is market-capitalization weighted. This unmanaged index does not reflect fees and expenses and is not available for direct investment. The Russell 3000® Growth Index and Russell® are trademarks of Frank Russell Company.

The Russell Midcap® Growth Index is an unmanaged index generally representative of the U.S. market for medium capitalization growth stocks. This unmanaged index does not reflect fees and expenses and is not available for direct investment. The Russell Midcap® Growth Index and Russell® are trademarks of Frank Russell Company.

Price History

CHART

TABLE

Distribution History

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

0.00000

5.41817

2.13093

0.00000

3.28724

5.41817

0.00000

7.13

12/16/2020

12/17/2020

0.00000

1.93063

0.75288

0.00000

1.17775

1.93063

0.00000

13.33

12/13/2019

12/16/2019

0.00000

2.17058

0.00000

2.17058

0.00000

9.32

12/14/2018

12/17/2018

0.00000

1.78258

0.25762

0.00000

1.52496

1.78258

0.00000

8.45

12/15/2017

12/18/2017

0.00000

1.21613

0.34479

0.00000

0.87134

1.21613

0.00000

10.38

12/16/2016

12/19/2016

0.00000

8.83

12/16/2015

12/17/2015

0.00000

0.06299

1.06091

0.00000

1.06091

1.12390

0.00000

8.60

12/17/2014

12/18/2014

0.00000

1.82617

0.26749

0.00000

1.55868

1.82617

0.00000

9.65

12/16/2013

12/17/2013

0.00000

1.83565

0.67261

0.00000

1.16304

1.83565

0.00000

10.34

12/14/2012

12/17/2012

0.00000

0.18749

0.00000

0.18749

0.00000

9.28

12/15/2011

12/16/2011

0.00000

7.69

12/16/2010

12/17/2010

0.00000

8.55

12/17/2009

12/18/2009

0.00000

6.85

12/18/2008

12/19/2008

0.00000

5.23

12/18/2007

12/19/2007

0.00000

0.01032

0.45524

0.24720

0.00000

0.20804

0.46556

0.00000

9.13

12/18/2006

12/19/2006

0.00000

0.01663

0.03370

0.00000

0.03370

0.05033

0.00000

7.97

12/19/2005

12/20/2005

0.00000

0.84516

0.00000

0.84516

0.00000

7.04

12/29/2004

12/30/2004

0.00000

6.65

12/29/2003

12/30/2003

0.00000

6.14

12/27/2002

12/30/2002

0.00000

4.20

12/26/2001

12/27/2001

12/28/2001

0.00000

6.35

Holdings

Portfolio Characteristics

as of 9/30/2022

Disruptive Innovation Fund

Number of Holdings

Wtd Avg Market Cap ($Mil)

225860.6

Price/Book Ratio

6.73

Adjusted Trailing P/E Ratio

56.3

% EPS Growth - Past 3 Yr

34.2

Return on Equity (%)

15.77

Forecasted P/E Ratio

40.4

Proj. Earnings Growth Rate (%)

25.7

Top Ten Holdings

as of 9/30/2022

Company Name [Ticker]

% of Net Assets

Amazon.com Inc.[AMZN]

4.0

Lam Research Corporation[LRCX]

3.4

Tesla Inc[TSLA]

3.3

Microchip Technology Incorporated[MCHP]

3.2

Workday Inc. Class A[WDAY]

3.1

ServiceNow Inc.[NOW]

3.1

Adyen NV[ADYEN]

3.1

Salesforce Inc.[CRM]

3.0

Microsoft Corporation[MSFT]

3.0

Atlassian Corp Class A[TEAM]

2.6

% of Total Holdings:

31.8%

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.

Full Holdings

as of 9/30/2022

Download: Calendar Quarter-End Holdings (csv)

Company Name [Ticker]

Country

Shares (000's)

Current Price ($)

Market Value ($000's)

% of Net Assets

Amazon.com Inc. [AMZN]

United States

113.00

4,256

4.0

Lam Research Corporation [LRCX]

United States

366.00

3,569

3.4

Tesla Inc [TSLA]

United States

265.25

3,557

3.3

Microchip Technology Incorporated [MCHP]

United States

61.03

3,400

3.2

Workday Inc. Class A [WDAY]

United States

152.22

3,351

3.1

ServiceNow Inc. [NOW]

United States

377.61

3,286

3.1

Adyen NV [ADYEN]

Netherlands

1,275.31

3,248

3.1

Salesforce Inc. [CRM]

United States

143.84

3,226

3.0

Microsoft Corporation [MSFT]

United States

232.90

3,212

3.0

Atlassian Corp Class A [TEAM]

United States

210.59

2,816

2.6

MercadoLibre Inc. [MELI]

United States

827.78

2,801

2.6

Cadence Design Systems Inc. [CDNS]

United States

163.43

2,716

2.6

Ball Corporation [BALL]

United States

48.32

2,364

2.2

T-Mobile US Inc. [TMUS]

United States

134.17

2,364

2.2

Texas Instruments Incorporated [TXN]

United States

154.78

2,255

2.1

Danaher Corporation [DHR]

United States

258.29

2,242

2.1

Snowflake Inc. Class A [SNOW]

United States

169.96

2,174

2.0

Okta Inc. Class A [OKTA]

United States

56.87

2,135

2.0

Alphabet Inc. Class A [GOOGL]

United States

95.65

1,938

1.8

Alphabet Inc. Class C [GOOG]

United States

96.15

1,920

1.8

Cloudflare Inc Class A [NET]

United States

55.31

1,890

1.8

Wolfspeed Inc [WOLF]

United States

103.36

1,535

1.4

Chipotle Mexican Grill Inc. [CMG]

United States

1,502.76

1,482

1.4

Datadog Inc Class A [DDOG]

United States

88.78

1,381

1.3

ICON Plc [ICLR]

United States

183.78

1,339

1.3

Ascendis Pharma A/S Sponsored ADR [ASND]

Denmark

103.26

1,306

1.2

ASML Holding NV [ASML]

Netherlands

424.78

1,269

1.2

PayPal Holdings Inc. [PYPL]

United States

86.07

1,201

1.1

Block Inc. Class A [SQ]

United States

54.99

1,197

1.1

Paramount Global Class B [PARA]

United States

19.04

1,183

1.1

Samsara Inc. Class A [IOT]

United States

12.07

1,130

1.1

Bicycle Therapeutics Plc Sponsored ADR [BCYC]

United Kingdom

23.26

1,026

1.0

DoorDash Inc. Class A [DASH]

United States

49.45

995

0.9

Rocket Pharmaceuticals Inc. [RCKT]

United States

15.96

993

0.9

Meta Platforms Inc. Class A [META]

United States

135.68

967

0.9

Sea Ltd. (Singapore) Sponsored ADR Class A [SE]

Singapore

56.05

869

0.8

ZoomInfo Technologies Inc [ZI]

United States

41.66

879

0.8

Advanced Micro Devices Inc. [AMD]

United States

63.36

825

0.8

Fortinet Inc. [FTNT]

United States

49.13

823

0.8

Applied Materials Inc. [AMAT]

United States

81.93

808

0.8

Insulet Corporation [PODD]

United States

229.40

799

0.8

HubSpot Inc. [HUBS]

United States

270.12

781

0.7

Lantheus Holdings Inc [LNTH]

United States

70.33

780

0.7

Krystal Biotech Inc. [KRYS]

United States

69.70

763

0.7

Humana Inc. [HUM]

United States

485.19

759

0.7

MongoDB Inc. Class A [MDB]

United States

198.56

701

0.7

Smartsheet Inc. Class A [SMAR]

United States

34.36

703

0.7

Shopify Inc. Class A [SHOP]

Canada

26.94

695

0.7

Zscaler Inc. [ZS]

United States

164.37

694

0.7

DexCom Inc. [DXCM]

United States

80.54

680

0.6

REGENXBIO Inc. [RGNX]

United States

26.43

674

0.6

Avidity Biosciences Inc [RNA]

United States

16.33

646

0.6

Procore Technologies Inc [PCOR]

United States

49.48

628

0.6

Allogene Therapeutics Inc. [ALLO]

United States

10.80

616

0.6

Eli Lilly and Company [LLY]

United States

323.35

623

0.6

NVIDIA Corporation [NVDA]

United States

121.39

613

0.6

Amedisys Inc. [AMED]

United States

96.79

588

0.5

IDEXX Laboratories Inc. [IDXX]

United States

325.80

577

0.5

Arrowhead Pharmaceuticals Inc. [ARWR]

United States

33.05

539

0.5

Arvinas Inc. [ARVN]

United States

44.49

548

0.5

Cooper Companies Inc. [COO]

United States

263.90

546

0.5

Akouos Inc. [AKUS]

United States

6.76

532

0.5

Bio-Rad Laboratories Inc. Class A [BIO]

United States

417.14

537

0.5

Mettler-Toledo International Inc. [MTD]

United States

1,084.12

527

0.5

Thermo Fisher Scientific Inc. [TMO]

United States

507.19

518

0.5

Lonza Group AG [LONN]

Switzerland

494.08

489

0.5

NextEra Energy Inc. [NEE]

United States

78.41

487

0.5

Replimune Group Inc. [REPL]

United States

17.27

448

0.4

uniQure N.V. [QURE]

United States

18.76

390

0.4

Catalent Inc [CTLT]

United States

72.36

385

0.4

Iovance Biotherapeutics Inc [IOVA]

United States

9.58

332

0.3

Zoom Video Communications Inc. Class A [ZM]

United States

73.59

320

0.3

Autolus Therapeutics Plc Sponsored ADR [AUTL]

United Kingdom

139

2.14

298

0.3

Blueprint Medicines Corp. [BPMC]

United States

65.89

283

0.3

Deliveroo plc Class A [ROO]

United Kingdom

301

0.95

285

0.3

Synlogic Inc [SYBX]

United States

300

0.95

285

0.3

Alkermes Plc [ALKS]

United States

22.33

266

0.3

Invitae Corp. [NVTA]

United States

110

2.46

272

0.3

Coinbase Global Inc. Class A [COIN]

United States

64.49

234

0.2

Fate Therapeutics Inc. [FATE]

United States

22.41

231

0.2

Kymera Therapeutics Inc. [KYMR]

United States

21.77

239

0.2

C4 Therapeutics Inc. [CCCC]

United States

8.77

209

0.2

Magenta Therapeutics Inc [MGTA]

United States

153

1.41

216

0.2

Peloton Interactive Inc. Class A [PTON]

United States

6.93

213

0.2

Carvana Co. Class A [CVNA]

United States

20.30

195

0.2

AUTO1 Group SE [AG1]

Germany

6.33

182

0.2

Precision BioSciences Inc. [DTIL]

United States

105

1.30

136

0.1

TCR2 Therapeutics Inc. [TCRR]

United States

1.80

116

0.1

Cabaletta Bio Inc. [CABA]

United States

134

0.65

0.1

Freeline Therapeutics Holdings Plc Sponsored ADR [FRLN]

United Kingdom

124

0.70

0.1

Total

102,684

96.6

Cash and Other Assets Less Liabilities

3.4

Total Net Assets

100%

Sector Allocation

as of 9/30/2022

Economic Sector

Disruptive Innovation Fund %

S&P 500 Index %

Information Technology

49.3

26.4

Health Care

21.5

15.1

Consumer Discretionary

13.1

11.7

Communication Services

9.5

8.1

Materials

2.2

2.5

Utilities

0.5

3.1

Financials

0.2

11.0

Consumer Staples

0.0

6.9

Energy

0.0

4.6

Industrials

0.0

7.9

Real Estate

0.0

2.8

Sector Returns

as of 9/30/2022

Economic Sector

Disruptive Innovation Fund %

S&P 500 Index %

Financials

37.1

-3.1

Consumer Discretionary

9.1

4.4

Utilities

1.7

-6.0

Health Care

0.4

-5.2

Real Estate

0.0

-11.0

Consumer Staples

0.0

-6.6

Energy

0.0

2.4

Industrials

0.0

-4.7

Information Technology

-4.5

-6.2

Communication Services

-9.2

-12.7

Materials

-29.5

-7.1

Investment Team

Harbor Capital Advisors, Inc

The Fund employs a multi-manager approach to achieve its investment objective offering the expertise of multiple investment managers in one Fund. As the fund sponsor, Harbor Capital assumes responsibility for selecting and overseeing underlying managers for the Fund. Each underlying manager is responsible for submitting a model portfolio to Harbor Capital, which the portfolio managers will implement in their discretion. The portfolio managers will handle the assigned allocation within the fund and will adjust over time based upon both qualitative and quantitative assessments of each strategy to enhance the investment outcome for the Fund.

Learn more about Harbor Multi-Asset Solutions

Kristof Gleich, CFA
President & CIO of Harbor Capital Advisors, Inc.
Mr. Gleich joined Harbor Capital in 2018 and is President & CIO, supporting Harbor’s strategic growth plan. Prior to joining Harbor Capital, Mr. Gleich was a Managing Director and Global Head of Manager Selection at JP Morgan Chase & Co. Before that, he served as a fund manager with Architas. Mr. Gleich began his investment career in 2004.

Mr. Gleich joined Harbor Capital in 2018 and is President & CIO, supporting Harbor’s strategic growth plan. Prior to joining Harbor Capital, Mr. Gleich was a Managing Director and Global Head of Manager Selection at JP Morgan Chase & Co. Before that, he served as a fund manager with Architas. Mr. Gleich began his investment career in 2004.
Spenser Lerner, CFA
Head of Multi-Asset Solutions, Managing Director and Portfolio Manager

Mr. Lerner joined Harbor Capital in 2020 and is the Head of Multi-Asset Solutions, a Managing Director and Portfolio Manager. Prior to joining Harbor Capital, Mr. Lerner was a Vice President of Equity and Quantitative Investment Research and Equity Manager Research for JP Morgan Asset Management. Before that, he worked as a Research, Portfolio Management and Quantitative Investment Strategy Associate for JP Morgan Asset Management. Mr. Lerner began his investment career in 2009.

Mr. Lerner joined Harbor Capital in 2020 and is the Head of Multi-Asset Solutions, a Managing Director and Portfolio Manager. Prior to joining Harbor Capital, Mr. Lerner was a Vice President of Equity and Quantitative Investment Research and Equity Manager Research for JP Morgan Asset Management. Before that, he worked as a Research, Portfolio Management and Quantitative Investment Strategy Associate for JP Morgan Asset Management. Mr. Lerner began his investment career in 2009.
Kristof Gleich, CFA
President & CIO of Harbor Capital Advisors, Inc.
Mr. Gleich joined Harbor Capital in 2018 and is President & CIO, supporting Harbor’s strategic growth plan. Prior to joining Harbor Capital, Mr. Gleich was a Managing Director and Global Head of Manager Selection at JP Morgan Chase & Co. Before that, he served as a fund manager with Architas. Mr. Gleich began his investment career in 2004.

Mr. Gleich joined Harbor Capital in 2018 and is President & CIO, supporting Harbor’s strategic growth plan. Prior to joining Harbor Capital, Mr. Gleich was a Managing Director and Global Head of Manager Selection at JP Morgan Chase & Co. Before that, he served as a fund manager with Architas. Mr. Gleich began his investment career in 2004.
Spenser Lerner, CFA
Head of Multi-Asset Solutions, Managing Director and Portfolio Manager

Mr. Lerner joined Harbor Capital in 2020 and is the Head of Multi-Asset Solutions, a Managing Director and Portfolio Manager. Prior to joining Harbor Capital, Mr. Lerner was a Vice President of Equity and Quantitative Investment Research and Equity Manager Research for JP Morgan Asset Management. Before that, he worked as a Research, Portfolio Management and Quantitative Investment Strategy Associate for JP Morgan Asset Management. Mr. Lerner began his investment career in 2009.

Mr. Lerner joined Harbor Capital in 2020 and is the Head of Multi-Asset Solutions, a Managing Director and Portfolio Manager. Prior to joining Harbor Capital, Mr. Lerner was a Vice President of Equity and Quantitative Investment Research and Equity Manager Research for JP Morgan Asset Management. Before that, he worked as a Research, Portfolio Management and Quantitative Investment Strategy Associate for JP Morgan Asset Management. Mr. Lerner began his investment career in 2009.

Documents

Fund Documents

Disruptive Innovation Fund Quarterly Report

9/30/2022

Disruptive Innovation Fund Holdings

9/30/2022

Regulatory

Disruptive Innovation Fund Summary Prospectus

Harbor Mutual Fund Prospectus

Domestic Equity Annual Report

Domestic Equity Semi-Annual Report

Statement of Additional Information

Mutual Fund Fiscal Q3 Schedule of Holdings

Domestic Equity Fiscal Q1 Schedule of Holdings

Additional Documents

Disruptive Innovation Fund Strategy Profile

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. Since the Fund may hold foreign securities, it may be subject to greater risks than funds invested only in the U.S. Investing in REITs will subject the Fund to additional risk. Investing in international and emerging markets poses special risks, including potentially greater price volatility due to social, political and economic factors, as well as currency exchange rate fluctuations. These risks are more severe for securities of issuers in emerging market regions.

Harbor Disruptive Innovation Fund (HAMGX)

Overview

Current Price

as of 11/29/2022

Fund Facts

as of 10/31/2022

Top Ten Holdings

as of 9/30/2022

Performance

Total Returns

Fund Name

3 Mo.

YTD Return

1 Yr.

3 Yr.

5 Yr.

10 Yr.

Since Inception

Net Expense Ratio

Gross Expense Ratio

Price History

Distribution History

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

Holdings

Portfolio Characteristics

as of 9/30/2022

Disruptive Innovation Fund

Top Ten Holdings

as of 9/30/2022

Company Name [Ticker]

% of Net Assets

Full Holdings

as of 9/30/2022

Company Name [Ticker]

Country

Shares (000's)

Current Price ($)

Market Value ($000's)

% of Net Assets

Sector Allocation

as of 9/30/2022

Economic Sector

Disruptive Innovation Fund %

S&P 500 Index %

Sector Returns

as of 9/30/2022

Economic Sector

Disruptive Innovation Fund %

S&P 500 Index %

Investment Team

Harbor Capital Advisors, Inc

Documents

Fund Documents

Disruptive Innovation Fund Quarterly Report

Disruptive Innovation Fund Holdings

Regulatory

Disruptive Innovation Fund Summary Prospectus

Harbor Mutual Fund Prospectus

Domestic Equity Annual Report

Domestic Equity Semi-Annual Report

Statement of Additional Information

Mutual Fund Fiscal Q3 Schedule of Holdings

Domestic Equity Fiscal Q1 Schedule of Holdings

Additional Documents

Disruptive Innovation Fund Strategy Profile

Disruptive Innovation Fund Generic RFP

Disruptive Innovation Fund Kit