Harbor Disruptive Innovation Fund (HAMGX)
Overview
Current Price
as of 5/20/2022
NAV Price | $4.54 |
NAV Daily Change ($) | $0.01 |
NAV Daily Change (%) | 0.22% |
NAV YTD Return | -38.73% |
Fund Facts
Inception Date | 11/1/2000 |
Net Expense Ratio | 0.70% |
Gross Expense Ratio | 0.88% |
Total Net Assets (million) as of 4/30/2022 | $92.212 |
Ticker | HAMGX |
Fund Number | 2019 |
Share Class | Institutional |
Top Ten Holdings
as of 3/31/2022
Amazon.com Inc. [AMZN] | 5.8% |
Microsoft Corporation [MSFT] | 4.8% |
Microchip Technology Incorporated [MCHP] | 3.1% |
Lam Research Corporation [LRCX] | 2.9% |
Salesforce Inc. [CRM] | 2.9% |
Block Inc Class A [SQ] | 2.7% |
Alphabet Inc. Class C [GOOG] | 2.5% |
Tesla Inc [TSLA] | 2.5% |
Ball Corporation [BLL] | 2.5% |
ServiceNow Inc. [NOW] | 2.5% |
% of Total Holdings: | 32.2% |
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
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
-19.78%
-31.04%
-35.90%
5.14%
11.92%
11.50%
5.69%
0.70%
0.88%
S&P 500 Index
-8.17%
-12.92%
0.21%
13.85%
13.66%
13.67%
7.11%
--
--
Russell 3000® Growth Index
-12.46%
-20.22%
-6.83%
15.84%
16.58%
15.18%
6.78%
--
--
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 harborfunds.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.
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
12/20/2021
0.00000
--
5.41817
2.13093
0.00000
3.28724
5.41817
0.00000
--
12/16/2020
12/17/2020
12/17/2020
0.00000
0.00000
1.93063
0.75288
0.00000
1.17775
1.93063
0.00000
13.33
12/13/2019
12/16/2019
12/16/2019
0.00000
0.00000
2.17058
0.00000
0.00000
2.17058
2.17058
0.00000
9.32
12/14/2018
12/17/2018
12/17/2018
0.00000
0.00000
1.78258
0.25762
0.00000
1.52496
1.78258
0.00000
8.45
12/15/2017
12/18/2017
12/18/2017
0.00000
0.00000
1.21613
0.34479
0.00000
0.87134
1.21613
0.00000
10.38
12/16/2016
12/19/2016
12/19/2016
0.00000
0.00000
0.00000
0.00000
0.00000
0.00000
0.00000
0.00000
8.83
12/16/2015
12/17/2015
12/17/2015
0.00000
0.06299
1.06091
0.00000
0.00000
1.06091
1.12390
0.00000
8.60
12/17/2014
12/18/2014
12/18/2014
0.00000
0.00000
1.82617
0.26749
0.00000
1.55868
1.82617
0.00000
9.65
12/16/2013
12/17/2013
12/17/2013
0.00000
0.00000
1.83565
0.67261
0.00000
1.16304
1.83565
0.00000
10.34
12/14/2012
12/17/2012
12/17/2012
0.00000
0.00000
0.18749
0.00000
0.00000
0.18749
0.18749
0.00000
9.28
12/15/2011
12/16/2011
12/16/2011
0.00000
0.00000
0.00000
0.00000
0.00000
0.00000
0.00000
0.00000
7.69
12/16/2010
12/17/2010
12/17/2010
0.00000
0.00000
0.00000
0.00000
0.00000
0.00000
0.00000
0.00000
8.55
12/17/2009
12/18/2009
12/18/2009
0.00000
0.00000
0.00000
0.00000
0.00000
0.00000
0.00000
0.00000
6.85
12/18/2008
12/19/2008
12/19/2008
0.00000
0.00000
0.00000
0.00000
0.00000
0.00000
0.00000
0.00000
5.23
12/18/2007
12/19/2007
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
12/19/2006
0.00000
0.01663
0.03370
0.00000
0.00000
0.03370
0.05033
0.00000
7.97
12/19/2005
12/20/2005
12/20/2005
0.00000
0.00000
0.84516
0.00000
0.00000
0.84516
0.84516
0.00000
7.04
12/29/2004
12/30/2004
12/30/2004
0.00000
0.00000
0.00000
0.00000
0.00000
0.00000
0.00000
0.00000
6.65
12/29/2003
12/30/2003
12/30/2003
0.00000
0.00000
0.00000
0.00000
0.00000
0.00000
0.00000
0.00000
6.14
12/27/2002
12/30/2002
12/30/2002
0.00000
0.00000
0.00000
0.00000
0.00000
0.00000
0.00000
0.00000
4.20
12/26/2001
12/27/2001
12/28/2001
0.00000
0.00000
0.00000
0.00000
0.00000
0.00000
0.00000
0.00000
6.35
Holdings
Full Holdings
as of 3/31/2022
Company Name [Ticker]
Country
Shares (000's)
Current Price ($)
Market Value ($000's)
% of Net Assets
Amazon.com Inc. [AMZN]
United States
4
3,259.95
11,671
5.8
Microsoft Corporation [MSFT]
United States
31
308.31
9,687
4.8
Microchip Technology Incorporated [MCHP]
United States
82
75.14
6,195
3.1
Lam Research Corporation [LRCX]
United States
11
537.61
5,900
2.9
Salesforce Inc. [CRM]
United States
27
212.32
5,769
2.9
Block Inc Class A [SQ]
United States
40
135.60
5,434
2.7
Alphabet Inc. Class C [GOOG]
United States
2
2,792.99
5,022
2.5
Tesla Inc [TSLA]
United States
5
1,077.60
5,018
2.5
Ball Corporation [BLL]
United States
55
90.00
4,959
2.5
ServiceNow Inc. [NOW]
United States
9
556.89
4,962
2.5
Zendesk Inc. [ZEN]
United States
35
120.29
4,269
2.1
T-Mobile US Inc. [TMUS]
United States
33
128.35
4,219
2.1
Workday Inc. Class A [WDAY]
United States
17
239.46
4,165
2.1
Paramount Global Class B [PARA]
United States
105
37.81
3,969
2.0
DoorDash Inc. Class A [DASH]
United States
34
117.19
3,947
2.0
Texas Instruments Incorporated [TXN]
United States
22
183.48
3,953
2.0
Atlassian Corp. Plc Class A [TEAM]
United States
13
293.83
3,711
1.8
SailPoint Technologies Holdings Inc. [SAIL]
United States
70
51.18
3,597
1.8
Twilio Inc. Class A [TWLO]
United States
21
164.81
3,456
1.7
Meta Platforms Inc. Class A [FB]
United States
15
222.36
3,362
1.7
Alphabet Inc. Class A [GOOGL]
United States
1
2,781.35
3,326
1.7
Adyen NV [ADYEN]
Netherlands
2
2,012.78
3,261
1.6
Tencent Holdings Ltd. Unsponsored ADR [TCEHY]
Hong Kong
63
47.78
2,997
1.5
Taiwan Semiconductor Manufacturing Co. Ltd. Sponsored ADR [TSM]
Taiwan
28
104.26
2,888
1.4
Snowflake Inc. Class A [SNOW]
United States
12
229.13
2,834
1.4
Peloton Interactive Inc. Class A [PTON]
United States
107
26.42
2,825
1.4
Cadence Design Systems Inc. [CDNS]
United States
17
164.46
2,769
1.4
MicroStrategy Incorporated Class A [MSTR]
United States
5
486.32
2,657
1.3
Coinbase Global Inc. Class A [COIN]
United States
14
189.86
2,605
1.3
NVIDIA Corporation [NVDA]
United States
9
272.86
2,508
1.2
MercadoLibre Inc. [MELI]
United States
2
1,189.48
2,440
1.2
Twitter Inc. [TWTR]
United States
63
38.69
2,429
1.2
Shopify Inc. Class A [SHOP]
United States
3
675.96
2,362
1.2
ASML Holding NV [ASML]
Netherlands
3
678.72
2,157
1.1
Cloudflare Inc Class A [NET]
United States
18
119.70
2,156
1.1
Netflix Inc. [NFLX]
United States
6
374.59
2,127
1.1
ICON Plc [ICLR]
United States
9
243.22
2,073
1.0
Carvana Co. Class A [CVNA]
United States
17
119.29
1,987
1.0
PayPal Holdings Inc. [PYPL]
United States
15
115.65
1,759
0.9
Ascendis Pharma A/S Sponsored ADR [ASND]
Denmark
14
117.36
1,701
0.8
Crown Castle International Corp [CCI]
United States
9
184.60
1,675
0.8
Sea Ltd. (Singapore) Sponsored ADR Class A [SE]
Singapore
14
119.79
1,665
0.8
Chipotle Mexican Grill Inc. [CMG]
United States
1
1,582.03
1,580
0.8
Zoom Video Communications Inc. Class A [ZM]
United States
13
117.23
1,568
0.8
Applied Materials Inc. [AMAT]
United States
12
131.80
1,530
0.8
ZoomInfo Technologies Inc [ZI]
United States
25
59.74
1,480
0.7
Okta Inc. Class A [OKTA]
United States
10
150.96
1,448
0.7
Insulet Corporation [PODD]
United States
5
266.39
1,325
0.7
Ironwood Pharmaceuticals Inc. Class A [IRWD]
United States
102
12.58
1,285
0.6
MongoDB Inc. Class A [MDB]
United States
3
443.59
1,293
0.6
DexCom Inc. [DXCM]
United States
2
511.60
1,275
0.6
Amedisys Inc. [AMED]
United States
7
172.29
1,238
0.6
Bicycle Therapeutics Plc Sponsored ADR [BCYC]
United Kingdom
28
43.88
1,223
0.6
Lonza Group AG [LONN]
Switzerland
2
730.45
1,205
0.6
Tandem Diabetes Care Inc. [TNDM]
United States
10
116.29
1,204
0.6
Zscaler Inc. [ZS]
United States
5
241.28
1,199
0.6
Advanced Micro Devices Inc. [AMD]
United States
11
109.34
1,164
0.6
Catalent Inc [CTLT]
United States
10
110.90
1,139
0.6
IDEXX Laboratories Inc. [IDXX]
United States
2
547.06
1,140
0.6
Rocket Pharmaceuticals Inc. [RCKT]
United States
72
15.86
1,148
0.6
Arvinas Inc. [ARVN]
United States
16
67.30
1,069
0.5
REGENXBIO Inc. [RGNX]
United States
31
33.19
1,037
0.5
Cooper Companies Inc. [COO]
United States
2
417.59
1,009
0.5
Krystal Biotech Inc. [KRYS]
United States
15
66.54
980
0.5
Avalara Inc [AVLR]
United States
10
99.51
966
0.5
HubSpot Inc. [HUBS]
United States
2
474.94
977
0.5
Arrowhead Pharmaceuticals Inc. [ARWR]
United States
20
45.99
912
0.5
Bio-Rad Laboratories Inc. Class A [BIO]
United States
2
563.23
848
0.4
Thermo Fisher Scientific Inc. [TMO]
United States
1
590.65
856
0.4
Synlogic Inc [SYBX]
United States
342
2.40
821
0.4
Allogene Therapeutics Inc. [ALLO]
United States
89
9.11
813
0.4
Avidity Biosciences Inc [RNA]
United States
44
18.47
806
0.4
Blueprint Medicines Corp. [BPMC]
United States
12
63.88
770
0.4
Mettler-Toledo International Inc. [MTD]
United States
1
1,373.19
754
0.4
Iovance Biotherapeutics Inc [IOVA]
United States
41
16.65
676
0.3
Autolus Therapeutics Plc Sponsored ADR [AUTL]
United Kingdom
157
4.17
655
0.3
NextEra Energy Inc. [NEE]
United States
7
84.71
615
0.3
Kymera Therapeutics Inc. [KYMR]
United States
13
42.32
570
0.3
C4 Therapeutics Inc. [CCCC]
United States
21
24.26
511
0.3
Fate Therapeutics Inc. [FATE]
United States
12
38.77
475
0.2
Replimune Group Inc. [REPL]
United States
29
16.98
493
0.2
uniQure N.V. [QURE]
United States
26
18.07
477
0.2
Masimo Corporation [MASI]
United States
3
145.54
448
0.2
Magenta Therapeutics Inc [MGTA]
United States
146
2.90
423
0.2
Akouos Inc. [AKUS]
United States
75
4.75
356
0.2
Precision BioSciences Inc. [DTIL]
United States
96
3.08
296
0.2
Cabaletta Bio Inc. [CABA]
United States
115
2.03
234
0.1
TCR2 Therapeutics Inc. [TCRR]
United States
65
2.76
179
0.1
Freeline Therapeutics Holdings Plc Sponsored ADR [FRLN]
United Kingdom
139
1.12
156
0.1
Orchard Therapeutics Plc Sponsored ADR [ORTX]
United Kingdom
228
0.71
162
0.1
LogicBio Therapeutics Inc. [LOGC]
United States
218
0.68
148
0.1
Total
--
--
--
199,402
99.3
Cash and Other Assets Less Liabilities
--
--
--
--
0.7
Total Net Assets
--
--
--
--
100%
Sector Allocation
as of 3/31/2022
Economic Sector
Disruptive Innovation Fund %
S&P 500 Index %
Information Technology
47.9
28.0
Health Care
16.3
13.6
Communication Services
15.2
9.4
Consumer Discretionary
14.6
12.0
Materials
2.5
2.6
Financials
1.3
11.1
Real Estate
0.8
2.7
Utilities
0.3
2.7
Consumer Staples
0.0
6.1
Energy
0.0
3.9
Industrials
0.0
7.9
Sector Returns
as of 3/31/2022
Economic Sector
Disruptive Innovation Fund %
S&P 500 Index %
Consumer Staples
0.0
-1.0
Energy
0.0
39.0
Materials
-6.3
-2.4
Communication Services
-8.2
-11.9
Utilities
-8.8
4.8
Consumer Discretionary
-14.9
-9.0
Information Technology
-17.3
-8.4
Health Care
-21.7
-2.6
Financials
-21.9
-1.5
Real Estate
-31.4
-6.2
Industrials
-43.5
-2.2
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.
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.
![Kristof Gleich, CFA]()
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]()
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]()
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]()
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
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 Funds Distributors, Inc. is the Distributor of the Harbor Mutual Funds.
Foreside Fund Services, LLC is the Distributor of the Harbor ETFs. 
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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.