
Harbor Mid Cap Value Fund (HAMVX)
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Overview
Investment Team
Morningstar Medalist Rating™

100
100
The Morningstar Medalist Rating™ is the summary expression of Morningstar’s forward-looking analysis of investment strategies as offered via specific vehicles using a rating scale of Gold, Silver, Bronze, Neutral, and Negative. The Medalist Ratings indicate which investments Morningstar believes are likely to outperform a relevant index or peer group average on a risk-adjusted basis over time. |
"We buy boring companies, not distressed companies. These are companies that are in basic businesses, they have been around for a long time and generally they haven’t excited the marketplace. The result is that they tend to be underpriced."
SV Asset Management
Performance
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
12/16/2022
12/19/2022
12/19/2022
0.00000
0.39688
1.44873
0.03596
0.00000
1.41277
1.84561
0.00000
22.06
12/17/2021
12/20/2021
12/20/2021
0.00000
0.32514
0.00000
--
0.00000
--
0.32514
0.00000
24.22
12/16/2020
12/17/2020
12/17/2020
0.00000
0.47142
0.00000
0.00000
0.00000
0.00000
0.47142
0.00000
19.94
12/13/2019
12/16/2019
12/16/2019
0.00000
0.51472
0.14724
0.00000
0.00000
0.14724
0.66196
0.00000
21.16
12/14/2018
12/17/2018
12/17/2018
0.00000
0.35174
1.15318
0.12272
0.00000
1.03046
1.50492
0.00000
18.09
12/15/2017
12/18/2017
12/18/2017
0.00000
0.31062
0.59293
0.18085
0.00000
0.41208
0.90355
0.00000
23.62
12/16/2016
12/19/2016
12/19/2016
0.00000
0.35393
0.31339
0.06717
0.00000
0.24622
0.66732
0.00000
22.08
12/16/2015
12/17/2015
12/17/2015
0.00000
0.26872
0.35444
0.13104
0.00000
0.22340
0.62316
0.00000
18.78
12/17/2014
12/18/2014
12/18/2014
0.00000
0.19256
0.12942
0.00000
0.00000
0.12942
0.32198
0.00000
20.52
12/16/2013
12/17/2013
12/17/2013
0.00000
0.19572
0.00000
0.00000
0.00000
0.00000
0.19572
0.00000
17.75
12/14/2012
12/17/2012
12/17/2012
0.00000
0.28075
0.00000
0.00000
0.00000
0.00000
0.28075
0.00000
12.84
12/15/2011
12/16/2011
12/16/2011
0.00000
0.14537
0.00000
0.00000
0.00000
0.00000
0.14537
0.00000
10.64
12/16/2010
12/17/2010
12/17/2010
0.00000
0.12337
0.00000
0.00000
0.00000
0.00000
0.12337
0.00000
11.54
12/17/2009
12/18/2009
12/18/2009
0.00000
0.14296
0.00000
0.00000
0.00000
0.00000
0.14296
0.00000
9.65
12/18/2008
12/19/2008
12/19/2008
0.00000
0.32993
0.00000
0.00000
0.00000
0.00000
0.32993
0.00000
6.92
12/18/2007
12/19/2007
12/19/2007
0.00000
0.18581
0.46949
0.14958
0.00000
0.31991
0.65530
0.00000
11.69
12/18/2006
12/19/2006
12/19/2006
0.00000
0.11586
0.36971
0.04626
0.00000
0.32345
0.48557
0.00000
13.32
12/19/2005
12/20/2005
12/20/2005
0.00000
0.13413
0.29396
0.13690
0.00000
0.15706
0.42809
0.00000
11.92
12/29/2004
12/30/2004
12/30/2004
0.00000
0.04575
0.95868
0.00000
0.00000
0.95868
1.00443
0.00000
11.21
12/29/2003
12/30/2003
12/30/2003
0.00000
0.01153
0.00000
0.00000
0.00000
0.00000
0.01153
0.00000
10.63
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
8.61
Holdings
Full Holdings
As of 3/31/2023
Company Name [Ticker]
Country
Shares (000's)
Current Price ($)
Market Value ($000's)
% of Net Assets
Owens Corning [OC]
47
95.80
4,541
1.6
AGCO Corporation [AGCO]
33
135.20
4,421
1.5
Snap-on Incorporated [SNA]
18
246.89
4,370
1.5
Hartford Financial Services Group Inc. [HIG]
62
69.69
4,349
1.5
HP Inc. [HPQ]
148
29.35
4,341
1.5
Kroger Co. [KR]
88
49.37
4,340
1.5
Cummins Inc. [CMI]
18
238.88
4,204
1.5
Jazz Pharmaceuticals Public Limited Company [JAZZ]
27
146.33
3,922
1.4
Molson Coors Beverage Company Class B [TAP]
72
51.68
3,736
1.3
Jabil Inc. [JBL]
41
88.16
3,641
1.3
Ameriprise Financial Inc. [AMP]
12
306.50
3,586
1.3
Vistra Corp. [VST]
143
24.00
3,425
1.2
Allison Transmission Holdings Inc. [ALSN]
74
45.24
3,354
1.2
Reliance Steel & Aluminum Co. [RS]
13
256.74
3,338
1.2
Old Republic International Corporation [ORI]
129
24.97
3,224
1.1
Toll Brothers Inc. [TOL]
54
60.03
3,224
1.1
Amkor Technology Inc. [AMKR]
124
26.02
3,216
1.1
Regions Financial Corporation [RF]
171
18.56
3,166
1.1
Cardinal Health Inc. [CAH]
42
75.50
3,156
1.1
PulteGroup Inc. [PHM]
54
58.28
3,141
1.1
Aflac Incorporated [AFL]
48
64.52
3,116
1.1
Whirlpool Corporation [WHR]
24
132.02
3,102
1.1
Atkore Inc [ATKR]
22
140.48
3,062
1.1
NRG Energy Inc. [NRG]
89
34.29
3,038
1.1
Ally Financial Inc [ALLY]
118
25.49
2,995
1.1
Marathon Petroleum Corporation [MPC]
22
134.83
2,993
1.1
Triton International Ltd. Class A [TRTN]
48
63.22
3,019
1.1
Arrow Electronics Inc. [ARW]
23
124.87
2,909
1.0
HF Sinclair Corporation [DINO]
61
48.38
2,927
1.0
Bank of New York Mellon Corp [BK]
61
45.44
2,763
1.0
UGI Corporation [UGI]
78
34.76
2,718
1.0
Foot Locker Inc. [FL]
68
39.69
2,679
0.9
Nexstar Media Group Inc. [NXST]
16
172.66
2,693
0.9
Navient Corp [NAVI]
167
15.99
2,664
0.9
Brixmor Property Group Inc. [BRX]
122
21.52
2,617
0.9
Huntsman Corporation [HUN]
95
27.36
2,607
0.9
Ingles Markets Incorporated Class A [IMKTA]
30
88.70
2,619
0.9
Citizens Financial Group Inc. [CFG]
83
30.37
2,527
0.9
Sprouts Farmers Market Inc. [SFM]
72
35.03
2,505
0.9
McKesson Corporation [MCK]
7
356.05
2,492
0.9
Best Buy Co. Inc. [BBY]
31
78.27
2,426
0.9
Ingredion Incorporated [INGR]
24
101.73
2,421
0.9
Diodes Incorporated [DIOD]
26
92.76
2,375
0.8
Greif Inc Class A [GEF]
38
63.37
2,389
0.8
Harley-Davidson Inc. [HOG]
62
37.97
2,362
0.8
Ryder System Inc. [R]
26
89.24
2,344
0.8
National Fuel Gas Company [NFG]
40
57.74
2,310
0.8
Sanmina Corporation [SANM]
37
60.99
2,283
0.8
ManpowerGroup Inc. [MAN]
28
82.53
2,270
0.8
eBay Inc. [EBAY]
50
44.37
2,227
0.8
Penske Automotive Group Inc. [PAG]
16
141.81
2,226
0.8
Fox Corporation Class A [FOXA]
65
34.05
2,196
0.8
WestRock Company [WRK]
72
30.47
2,203
0.8
Simon Property Group Inc. [SPG]
19
111.97
2,172
0.8
DaVita Inc. [DVA]
26
81.11
2,133
0.8
Tyson Foods Inc. Class A [TSN]
35
59.32
2,076
0.7
Omega Healthcare Investors Inc. [OHI]
75
27.41
2,050
0.7
Qorvo Inc. [QRVO]
20
101.57
2,021
0.7
APA Corporation [APA]
56
36.06
2,009
0.7
O-I Glass Inc [OI]
89
22.71
2,010
0.7
Silgan Holdings Inc. [SLGN]
37
53.67
2,002
0.7
Timken Company [TKR]
25
81.72
2,002
0.7
Archer-Daniels-Midland Company [ADM]
25
79.66
1,984
0.7
Berry Global Group Inc [BERY]
33
58.90
1,967
0.7
Phillips 66 [PSX]
20
101.38
1,977
0.7
United Therapeutics Corporation [UTHR]
9
223.96
1,971
0.7
DXC Technology Co. [DXC]
73
25.56
1,874
0.7
Ironwood Pharmaceuticals Inc. Class A [IRWD]
176
10.52
1,853
0.7
Koppers Holdings Inc. [KOP]
52
34.97
1,829
0.6
Conagra Brands Inc. [CAG]
48
37.56
1,792
0.6
BorgWarner Inc. [BWA]
36
49.11
1,768
0.6
MGIC Investment Corporation [MTG]
133
13.42
1,784
0.6
American International Group Inc. [AIG]
35
50.36
1,758
0.6
Chemours Co. [CC]
56
29.94
1,677
0.6
Devon Energy Corporation [DVN]
33
50.61
1,680
0.6
Radian Group Inc. [RDN]
77
22.10
1,702
0.6
ODP Corporation [ODP]
36
44.98
1,628
0.6
Tanger Factory Outlet Centers Inc. [SKT]
83
19.63
1,627
0.6
Brunswick Corporation [BC]
20
82.00
1,599
0.6
H&R Block Inc. [HRB]
45
35.25
1,593
0.6
KeyCorp [KEY]
128
12.52
1,598
0.6
Vishay Intertechnology Inc. [VSH]
70
22.62
1,579
0.5
Zions Bancorporation N.A. [ZION]
53
29.93
1,583
0.5
Group 1 Automotive Inc. [GPI]
7
226.42
1,540
0.5
Moog Inc. Class A [MOG.A]
15
100.75
1,531
0.5
Alaska Air Group Inc. [ALK]
36
41.96
1,511
0.5
Valero Energy Corporation [VLO]
11
139.60
1,494
0.5
Bloomin' Brands Inc. [BLMN]
57
25.65
1,449
0.5
Unum Group [UNM]
37
39.56
1,464
0.5
Xerox Holdings Corporation [XRX]
94
15.40
1,446
0.5
Macy's Inc. [M]
82
17.49
1,439
0.5
Universal Health Services Inc. Class B [UHS]
11
127.10
1,424
0.5
Banco Latinoamericano de Comercio Exterior S.A. Class E [BLX]
80
17.38
1,390
0.5
United Airlines Holdings Inc. [UAL]
32
44.25
1,394
0.5
Ethan Allen Interiors Inc. [ETD]
50
27.46
1,361
0.5
Thor Industries Inc. [THO]
17
79.64
1,386
0.5
Universal Insurance Holdings Inc. [UVE]
75
18.22
1,370
0.5
Dick's Sporting Goods Inc. [DKS]
10
141.89
1,348
0.5
Meritage Homes Corporation [MTH]
11
116.76
1,331
0.5
Synchrony Financial [SYF]
46
29.08
1,349
0.5
TEGNA Inc. [TGNA]
78
16.91
1,324
0.5
Western Union Company [WU]
118
11.15
1,311
0.5
Principal Financial Group Inc. [PFG]
18
74.32
1,301
0.5
Eastman Chemical Company [EMN]
14
84.34
1,206
0.4
First American Financial Corporation [FAF]
22
55.66
1,213
0.4
LyondellBasell Industries NV [LYB]
13
93.89
1,183
0.4
PennyMac Financial Services Inc. [PFSI]
20
59.61
1,174
0.4
SITE Centers Corp. [SITC]
96
12.28
1,176
0.4
TTM Technologies Inc. [TTMI]
88
13.49
1,186
0.4
Voya Financial Inc. [VOYA]
16
71.46
1,165
0.4
Fifth Third Bancorp [FITB]
43
26.64
1,140
0.4
Ingevity Corporation [NGVT]
16
71.52
1,156
0.4
American Financial Group Inc. [AFG]
9
121.50
1,118
0.4
Lazard Ltd Class A [LAZ]
34
33.11
1,116
0.4
American Axle & Manufacturing Holdings Inc. [AXL]
138
7.81
1,077
0.4
Avnet Inc. [AVT]
24
45.20
1,094
0.4
Discover Financial Services [DFS]
11
98.84
1,077
0.4
Laboratory Corporation of America Holdings [LH]
5
229.42
1,101
0.4
Walgreens Boots Alliance Inc. [WBA]
32
34.58
1,089
0.4
Seagate Technology Holdings PLC [STX]
16
66.12
1,031
0.4
Service Properties Trust [SVC]
102
9.96
1,020
0.4
Celanese Corporation [CE]
9
108.89
1,002
0.4
Piedmont Office Realty Trust Inc. Class A [PDM]
138
7.30
1,009
0.4
TD SYNNEX Corporation [SNX]
10
96.79
997
0.4
Jefferies Financial Group Inc. [JEF]
31
31.74
981
0.3
Medical Properties Trust Inc. [MPW]
114
8.22
940
0.3
Methode Electronics Inc. [MEI]
21
43.88
939
0.3
Hersha Hospitality Trust Class A [HT]
138
6.72
927
0.3
J.M. Smucker Company [SJM]
6
157.37
928
0.3
Sabra Health Care REIT Inc. [SBRA]
80
11.50
921
0.3
Viatris Inc. [VTRS]
93
9.62
899
0.3
Prestige Consumer Healthcare Inc [PBH]
14
62.63
864
0.3
Capri Holdings Limited [CPRI]
18
47.00
832
0.3
Annaly Capital Management Inc. [NLY]
42
19.11
796
0.3
Lincoln National Corp [LNC]
36
22.47
804
0.3
Goodyear Tire & Rubber Company [GT]
69
11.02
759
0.3
Huntington Ingalls Industries Inc. [HII]
4
207.02
766
0.3
Titan International Inc. [TWI]
70
10.48
738
0.3
Office Properties Income Trust [OPI]
53
12.30
649
0.2
Paramount Group Inc. [PGRE]
139
4.56
634
0.2
Kohl's Corporation [KSS]
20
23.54
480
0.2
Brandywine Realty Trust [BDN]
99
4.73
470
0.2
G-III Apparel Group Ltd. [GIII]
28
15.55
437
0.2
Franklin Street Properties Corp. [FSP]
240
1.57
377
0.1
Vitesse Energy Inc. [VTS]
4
19.03
69
0.0
Total
--
--
--
282,775
99.7
Cash and Other Assets Less Liabilities
--
--
--
--
0.3
Total Net Assets
--
--
--
--
100%
Sector Allocation
As of 3/31/2023
Mid Cap Value Fund (HIMVX)
Russell Midcap® Value Index
Financials
HIMVX: 19.4%
Benchmark: 17.0%
Consumer Discretionary
HIMVX: 14.5%
Benchmark: 10.1%
Industrials
HIMVX: 13.8%
Benchmark: 16.9%
Information Technology
HIMVX: 10.8%
Benchmark: 8.7%
Materials
HIMVX: 8.6%
Benchmark: 7.9%
Consumer Staples
HIMVX: 8.2%
Benchmark: 4.4%
Health Care
HIMVX: 6.9%
Benchmark: 7.4%
Real Estate
HIMVX: 5.8%
Benchmark: 10.4%
Energy
HIMVX: 4.6%
Benchmark: 5.0%
Utilities
HIMVX: 4.0%
Benchmark: 8.9%
Communication Services
HIMVX: 2.2%
Benchmark: 3.3%
HIMVX: Mid Cap Value Fund
Benchmark: Russell Midcap® Value Index
Sector Returns
As of 3/31/2023
Economic Sector
Mid Cap Value Fund %
Russell Midcap® Value Index %
Information Technology
11.7
12.0
Consumer Discretionary
7.8
6.5
Materials
6.1
5.0
Industrials
4.8
6.6
Communication Services
0.6
7.3
Consumer Staples
0.2
1.4
Utilities
-0.0
-1.7
Energy
-3.9
-7.1
Financials
-6.5
-8.0
Health Care
-6.6
0.4
Real Estate
-6.9
0.4
Investment Team

LSV Asset Management was established in 1994 as a partnership to provide domestic, international, and global value equity investment management services to institutional investors using their proprietary quantitative model. Their research and investment team developed the model through years of research in value investing, contrarian strategies, and behavioral finance. The firm’s roots in these areas of academic research form the core of their investment philosophy and continue to drive the evolution of the LSV model over time. LSV employs their approach to manage assets in strategies covering global equity markets encompassing all capitalization ranges.
Documents
Name
Date
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.
As a result of changing market conditions, total net asset levels, expenses and other factors may change at any time during the current fiscal period and may differ from those shown.
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. The value of securities selected using quantitative analysis can react differently to issuer, political, market, and economic developments than the market as a whole or securities selected using only fundamental analysis. The factors used in quantitative analysis and the weight placed on those factors may not be predictive of a security's value. In addition, any model may contain flaws or the model may not perform as anticipated. Stocks of mid cap companies pose special risks, including possible illiquidity and greater price volatility than stocks of larger, more established companies.
Weighted Average Market Capitalization: The average size of the companies in a portfolio or index as measured by the market value of outstanding shares.
Price/Book: The price-to-book (P/B) ratio evaluates a firm's market value relative to its book value.
Adjusted Trailing P/E Ratio: The Adjusted Trailing P/E (Price/Earnings) Ratio is the closing stock price divided by the sum of the last 12 months actual EPS.
% EPS Growth – Past 3 year: Earnings per share refers to the bottom-line measure of a company’s profitability defined as net income divided by the number of outstanding shares.
Return on Equity: Return on equity (ROE) is a measure of financial performance calculated by dividing net income by shareholders' equity.
Forecasted P/E Ratio: a measure of the P/E (price-to-earnings) ratio using forecasted earnings for the P/E calculation.
The Morningstar Medalist Ratings are shown for funds that have received a rating of Gold, Silver, or Bronze The funds shown without Medalist Ratings may not have received a Medalist Rating or may have received lower ratings.
The Morningstar Medalist Rating™ is the summary expression of Morningstar’s forward-looking analysis of investment strategies as offered via specific vehicles using a rating scale of Gold, Silver, Bronze, Neutral, and Negative. The Medalist Ratings indicate which investments Morningstar believes are likely to outperform a relevant index or peer group average on a risk-adjusted basis over time. Investment products are evaluated on three key pillars (People, Parent, and Process) which, when coupled with a fee assessment, forms the basis for Morningstar’s conviction in those products’ investment merits and determines the Medalist Rating they’re assigned. Pillar ratings take the form of Low, Below Average, Average, Above Average, and High. Pillars may be evaluated via an analyst’s qualitative assessment (either directly to a vehicle the analyst covers or indirectly when the pillar ratings of a covered vehicle are mapped to a related uncovered vehicle) or using algorithmic techniques. Vehicles are sorted by their expected performance into rating groups defined by their Morningstar Category and their active or passive status. When analysts directly cover a vehicle, they assign the three pillar ratings based on their qualitative assessment, subject to the oversight of the Analyst Rating Committee, and monitor and reevaluate them at least every 14 months. When the vehicles are covered either indirectly by analysts or by algorithm, the ratings are assigned monthly. For more detailed information about these ratings, including their methodology, please go to global.morningstar.com/managerdisclosures/.
The Morningstar Medalist Ratings are not statements of fact, nor are they credit or risk ratings. The Morningstar Medalist Rating (i) should not be used as the sole basis in evaluating an investment product, (ii) involves unknown risks and uncertainties which may cause expectations not to occur or to differ significantly from what was expected, (iii) are not guaranteed to be based on complete or accurate assumptions or models when determined algorithmically, (iv) involve the risk that the return target will not be met due to such things as unforeseen changes in management, technology, economic development, interest rate development, operating and/or material costs, competitive pressure, supervisory law, exchange rate, tax rates, exchange rate changes, and/or changes in political and social conditions, and (v) should not be considered an offer or solicitation to buy or sell the investment product. A change in the fundamental factors underlying the Morningstar Medalist Rating can mean that the rating is subsequently no longer accurate.
©2023 Morningstar, Inc. 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.
2906416