Harbor Disruptive Innovation Fund (HAMGX)
Overview
Current Price
as of 8/12/2022
NAV Price | $5.36 |
NAV Daily Change ($) | $0.13 |
NAV Daily Change (%) | 2.49% |
NAV YTD Return | -27.67% |
Fund Facts
Inception Date | 11/1/2000 |
Net Expense Ratio | 0.70% |
Gross Expense Ratio | 0.88% |
Total Net Assets (million) as of 7/31/2022 | $84.603 |
Ticker | HAMGX |
Fund Number | 2019 |
Share Class | Institutional |
Top Ten Holdings
as of 6/30/2022
Lam Research Corporation [LRCX] | 3.8% |
ServiceNow Inc. [NOW] | 3.8% |
Microsoft Corporation [MSFT] | 3.5% |
Salesforce Inc. [CRM] | 3.4% |
Adyen NV [ADYEN] | 3.4% |
Amazon.com Inc. [AMZN] | 3.3% |
Okta Inc. Class A [OKTA] | 3.1% |
Microchip Technology Incorporated [MCHP] | 2.9% |
Tesla Inc [TSLA] | 2.6% |
Ball Corporation [BALL] | 2.5% |
% of Total Holdings: | 32.5% |
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
-4.31%
-34.01%
-39.94%
2.99%
9.10%
11.55%
5.41%
0.70%
0.88%
S&P 500 Index
0.39%
-12.58%
-4.64%
13.36%
12.83%
13.80%
7.05%
--
--
Russell 3000® Growth Index
0.83%
-19.56%
-12.65%
15.30%
15.65%
15.59%
6.74%
--
--
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.
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 6/30/2022
Company Name [Ticker]
Country
Shares (000's)
Current Price ($)
Market Value ($000's)
% of Net Assets
Lam Research Corporation [LRCX]
United States
11
426.15
4,678
3.8
ServiceNow Inc. [NOW]
United States
10
475.52
4,658
3.8
Microsoft Corporation [MSFT]
United States
17
256.83
4,388
3.6
Salesforce Inc. [CRM]
United States
25
165.04
4,167
3.4
Adyen NV [ADYEN]
Netherlands
3
1,451.08
4,160
3.4
Amazon.com Inc. [AMZN]
United States
39
106.21
4,090
3.3
Okta Inc. Class A [OKTA]
United States
42
90.40
3,832
3.1
Microchip Technology Incorporated [MCHP]
United States
63
58.08
3,643
2.9
Tesla Inc [TSLA]
United States
5
673.42
3,175
2.6
Ball Corporation [BALL]
United States
44
68.77
3,040
2.5
Workday Inc. Class A [WDAY]
United States
22
139.58
3,029
2.5
Atlassian Corp. Plc Class A [TEAM]
United States
15
187.40
2,821
2.3
Cadence Design Systems Inc. [CDNS]
United States
19
150.03
2,806
2.3
T-Mobile US Inc. [TMUS]
United States
20
134.54
2,668
2.2
Texas Instruments Incorporated [TXN]
United States
16
153.65
2,520
2.0
Alphabet Inc. Class A [GOOGL]
United States
1
2,179.26
2,487
2.0
Alphabet Inc. Class C [GOOG]
United States
1
2,187.45
2,459
2.0
MercadoLibre Inc. [MELI]
United States
4
636.87
2,426
2.0
Snowflake Inc. Class A [SNOW]
United States
14
139.06
2,003
1.6
Block Inc. Class A [SQ]
United States
31
61.46
1,908
1.5
Chipotle Mexican Grill Inc. [CMG]
United States
1
1,307.26
1,880
1.5
Cloudflare Inc Class A [NET]
United States
42
43.75
1,852
1.5
Avalara Inc [AVLR]
United States
25
70.60
1,800
1.5
ICON Plc [ICLR]
United States
8
216.70
1,777
1.4
Paramount Global Class B [PARA]
United States
70
24.68
1,726
1.4
ASML Holding NV [ASML]
Netherlands
3
476.57
1,603
1.3
Zendesk Inc. [ZEN]
United States
20
74.07
1,513
1.2
DoorDash Inc. Class A [DASH]
United States
22
64.17
1,436
1.2
Twilio Inc. Class A [TWLO]
United States
16
83.81
1,350
1.1
Ascendis Pharma A/S Sponsored ADR [ASND]
Denmark
14
92.96
1,324
1.1
Shopify Inc. Class A [SHOP]
Canada
40
31.24
1,264
1.0
Danaher Corporation [DHR]
United States
5
253.52
1,214
1.0
Meta Platforms Inc. Class A [META]
United States
7
161.25
1,194
1.0
Samsara Inc. Class A [IOT]
United States
105
11.17
1,177
1.0
Sea Ltd. (Singapore) Sponsored ADR Class A [SE]
Singapore
17
66.86
1,167
0.9
Catalent Inc [CTLT]
United States
10
107.29
1,108
0.9
Applied Materials Inc. [AMAT]
United States
11
90.98
1,010
0.8
Wolfspeed Inc [WOLF]
United States
16
63.45
986
0.8
Allogene Therapeutics Inc. [ALLO]
United States
85
11.40
972
0.8
Rocket Pharmaceuticals Inc. [RCKT]
United States
70
13.76
964
0.8
PayPal Holdings Inc. [PYPL]
United States
13
69.84
905
0.7
HubSpot Inc. [HUBS]
United States
3
300.65
879
0.7
Insulet Corporation [PODD]
United States
4
217.94
855
0.7
Bicycle Therapeutics Plc Sponsored ADR [BCYC]
United Kingdom
50
16.78
833
0.7
Humana Inc. [HUM]
United States
2
468.07
825
0.7
Lantheus Holdings Inc [LNTH]
United States
12
66.03
825
0.7
Lonza Group AG [LONN]
Switzerland
2
531.68
813
0.7
Krystal Biotech Inc. [KRYS]
United States
12
65.66
809
0.7
ZoomInfo Technologies Inc [ZI]
United States
24
33.24
789
0.6
Advanced Micro Devices Inc. [AMD]
United States
10
76.47
778
0.6
Thermo Fisher Scientific Inc. [TMO]
United States
1
543.28
759
0.6
Twitter Inc. [TWTR]
United States
20
37.39
748
0.6
Cooper Companies Inc. [COO]
United States
2
313.12
730
0.6
NVIDIA Corporation [NVDA]
United States
5
151.59
726
0.6
Smartsheet Inc. Class A [SMAR]
United States
23
31.43
725
0.6
Amedisys Inc. [AMED]
United States
7
105.12
720
0.6
Bio-Rad Laboratories Inc. Class A [BIO]
United States
1
495.00
718
0.6
DexCom Inc. [DXCM]
United States
10
74.53
709
0.6
IDEXX Laboratories Inc. [IDXX]
United States
2
350.73
700
0.6
REGENXBIO Inc. [RGNX]
United States
29
24.70
709
0.6
Zscaler Inc. [ZS]
United States
5
149.51
711
0.6
MongoDB Inc. Class A [MDB]
United States
3
259.50
697
0.6
Arrowhead Pharmaceuticals Inc. [ARWR]
United States
18
35.21
647
0.5
Avidity Biosciences Inc [RNA]
United States
45
14.53
647
0.5
Mettler-Toledo International Inc. [MTD]
United States
1
1,148.77
628
0.5
Blueprint Medicines Corp. [BPMC]
United States
12
50.51
592
0.5
Datadog Inc Class A [DDOG]
United States
6
95.24
596
0.5
Arvinas Inc. [ARVN]
United States
14
42.09
583
0.5
NextEra Energy Inc. [NEE]
United States
7
77.46
541
0.4
Replimune Group Inc. [REPL]
United States
29
17.48
510
0.4
Zoom Video Communications Inc. Class A [ZM]
United States
4
107.97
484
0.4
Autolus Therapeutics Plc Sponsored ADR [AUTL]
United Kingdom
157
2.83
444
0.4
uniQure N.V. [QURE]
United States
22
18.64
417
0.3
Iovance Biotherapeutics Inc [IOVA]
United States
37
11.04
413
0.3
Synlogic Inc [SYBX]
United States
337
1.15
388
0.3
Akouos Inc. [AKUS]
United States
77
4.69
361
0.3
Deliveroo plc Class A [ROO]
United Kingdom
322
1.10
353
0.3
Horizon Therapeutics Public Limited Company [HZNP]
United States
4
79.76
345
0.3
Peloton Interactive Inc. Class A [PTON]
United States
36
9.18
330
0.3
MicroStrategy Incorporated Class A [MSTR]
United States
2
164.30
286
0.2
Fate Therapeutics Inc. [FATE]
United States
11
24.78
269
0.2
AUTO1 Group SE [AG1]
Germany
36
7.30
259
0.2
Invitae Corp. [NVTA]
United States
99
2.44
241
0.2
Coinbase Global Inc. Class A [COIN]
United States
5
47.02
218
0.2
Kymera Therapeutics Inc. [KYMR]
United States
12
19.69
228
0.2
Magenta Therapeutics Inc [MGTA]
United States
151
1.20
182
0.2
C4 Therapeutics Inc. [CCCC]
United States
23
7.54
175
0.1
TCR2 Therapeutics Inc. [TCRR]
United States
61
2.90
177
0.1
Precision BioSciences Inc. [DTIL]
United States
89
1.60
143
0.1
Freeline Therapeutics Holdings Plc Sponsored ADR [FRLN]
United Kingdom
139
0.87
121
0.1
Cabaletta Bio Inc. [CABA]
United States
107
1.06
114
0.1
Carvana Co. Class A [CVNA]
United States
4
22.58
83
0.1
LogicBio Therapeutics Inc. [LOGC]
United States
225
0.35
79
0.1
Total
--
--
--
120,096
97.8
Cash and Other Assets Less Liabilities
--
--
--
--
2.2
Total Net Assets
--
--
--
--
100%
Sector Allocation
as of 6/30/2022
Economic Sector
Disruptive Innovation Fund %
S&P 500 Index %
Information Technology
51.7
26.9
Health Care
20.3
15.1
Consumer Discretionary
11.4
10.5
Communication Services
10.7
8.9
Materials
2.5
2.6
Utilities
0.4
3.1
Financials
0.2
10.8
Consumer Staples
0.0
7.0
Energy
0.0
4.4
Industrials
0.0
7.8
Real Estate
0.0
2.9
Sector Returns
as of 6/30/2022
Economic Sector
Disruptive Innovation Fund %
S&P 500 Index %
Energy
0.0
-5.2
Consumer Staples
0.0
-4.6
Industrials
0.0
-14.9
Real Estate
-7.5
-14.7
Utilities
-8.1
-5.1
Materials
-23.4
-15.9
Communication Services
-23.6
-20.7
Health Care
-23.6
-5.9
Information Technology
-31.0
-20.2
Consumer Discretionary
-42.4
-26.2
Financials
-75.2
-17.5
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.
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.