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Harbor Small Cap Growth Fund (HASGX)

Overview
Performance
Holdings
Investment Team
Documents

Overview

Current Price

as of 9/23/2022

NAV Price

$10.85

NAV Daily Change ($)

-$0.28

NAV Daily Change (%)

-2.52%

NAV YTD Return

-28.85%

Morningstar Bronze

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

11/1/2000

Net Expense Ratio

0.87%

Gross Expense Ratio

0.87%

Total Net Assets (million)

as of 8/31/2022

$592.876

Ticker

HASGX

Fund Number

2010

Share Class

Institutional

Top Ten Holdings

as of 6/30/2022

Option Care Health Inc [OPCH]

3.1%

Innoviva Inc. [INVA]

2.8%

Atkore Inc [ATKR]

2.8%

Advanced Drainage Systems Inc. [WMS]

2.5%

Churchill Downs Incorporated [CHDN]

2.4%

PDC Energy Inc. [PDCE]

2.4%

Spirit Realty Capital Inc. [SRC]

2.4%

Encore Wire Corporation [WIRE]

2.2%

Saia Inc. [SAIA]

2.1%

WillScot Mobile Mini Holdings Corp. Class A [WSC]

2.1%

% of Total Holdings:

24.8%

Morningstar Bronze

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

“So much money today is managed by machines and people with an incredibly short term focus, making it an ideal time to be a long term fundamental investor.”

right quote

Will Muggia. President

CEO and CIO, Westfield Capital Management Company, L.P.

Performance

Total Returns

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

Fund Name

3 Mo.

YTD Return

1 Yr.

3 Yr.

5 Yr.

10 Yr.

Since Inception

Net Expense Ratio

Gross Expense Ratio

Small Cap Growth Fund

-0.25%

-22.23%

-22.13%

9.94%

10.70%

12.25%

8.97%

0.87%

0.87%

Russell 2000® Growth Index

3.33%

-22.29%

-25.26%

5.93%

6.69%

10.16%

5.99%

--

--

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 Russell 2000® Growth Index is an unmanaged index representing the smallest 2000 stocks with the highest price-to-book ratio and future earnings. This unmanaged index does not reflect fees and expenses and is not available for direct investment. The Russell 2000® 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

--

4.21827

1.07866

0.00000

3.13961

4.21827

0.00000

--

12/16/2020

12/17/2020

12/17/2020

0.00000

0.00000

1.29572

0.47151

0.00000

0.82421

1.29572

0.00000

17.95

12/13/2019

12/16/2019

12/16/2019

0.00000

0.00000

0.47959

0.00000

0.00000

0.47959

0.47959

0.00000

13.68

12/14/2018

12/17/2018

12/17/2018

0.00000

0.00000

2.76487

0.40776

0.00000

2.35711

2.76487

0.00000

10.25

12/15/2017

12/18/2017

12/18/2017

0.00000

0.00000

1.45598

0.21806

0.00000

1.23792

1.45598

0.00000

14.33

12/16/2016

12/19/2016

12/19/2016

0.00000

0.00000

0.06026

0.00000

0.00000

0.06026

0.06026

0.00000

12.91

12/16/2015

12/17/2015

12/17/2015

0.00000

0.00000

1.58234

0.04157

0.00000

1.54077

1.58234

0.00000

12.00

12/17/2014

12/18/2014

12/18/2014

0.00000

0.00000

2.31921

0.46805

0.00000

1.85116

2.31921

0.00000

13.66

12/16/2013

12/17/2013

12/17/2013

0.00000

0.00000

2.12549

0.41041

0.00000

1.71508

2.12549

0.00000

14.25

12/14/2012

12/17/2012

12/17/2012

0.00000

0.03605

0.55958

0.00000

0.00000

0.55958

0.59563

0.00000

11.67

12/15/2011

12/16/2011

12/16/2011

0.00000

0.00000

0.98108

0.00000

0.00000

0.98108

0.98108

0.00000

10.63

12/16/2010

12/17/2010

12/17/2010

0.00000

0.00000

0.42401

0.00000

0.00000

0.42401

0.42401

0.00000

12.68

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

9.79

12/18/2008

12/19/2008

12/19/2008

0.00000

0.00000

0.23760

0.00000

0.00000

0.23760

0.23760

0.00000

7.02

12/18/2007

12/19/2007

12/19/2007

0.00000

0.00000

1.93115

0.00000

0.00000

1.93115

1.93115

0.00000

12.28

12/18/2006

12/19/2006

12/19/2006

0.00000

0.00000

1.22060

0.00000

0.00000

1.22060

1.22060

0.00000

12.76

12/19/2005

12/20/2005

12/20/2005

0.00000

0.00000

1.05345

0.00000

0.00000

1.05345

1.05345

0.00000

12.52

12/29/2004

12/30/2004

12/30/2004

0.00000

0.00000

0.81883

0.00000

0.00000

0.81883

0.81883

0.00000

12.93

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

12.46

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

8.53

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

10.74

Holdings

Portfolio Characteristics

as of 6/30/2022

Small Cap Growth Fund

Number of Holdings

63

Wtd Avg Market Cap ($Mil)

4074.2

Price/Book Ratio

3.7

Adjusted Trailing P/E Ratio

22.4

% EPS Growth - Past 3 Yr

42.8

Return on Equity (%)

8.7

Forecasted P/E Ratio

18.4

Proj. Earnings Growth Rate (%)

22.7

Top Ten Holdings

as of 6/30/2022

Company Name [Ticker]

% of Net Assets

Option Care Health Inc[OPCH]

3.1

Innoviva Inc.[INVA]

2.8

Atkore Inc[ATKR]

2.8

Advanced Drainage Systems Inc.[WMS]

2.5

Churchill Downs Incorporated[CHDN]

2.4

PDC Energy Inc.[PDCE]

2.4

Spirit Realty Capital Inc.[SRC]

2.4

Encore Wire Corporation[WIRE]

2.2

Saia Inc.[SAIA]

2.1

WillScot Mobile Mini Holdings Corp. Class A[WSC]

2.1

% of Total Holdings:

24.8%

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.

as of 6/30/2022

Company Name [Ticker]

Country

Shares (000's)

Current Price ($)

Market Value ($000's)

% of Net Assets

Option Care Health Inc [OPCH]

United States

924

27.79

25,681

3.1

Innoviva Inc. [INVA]

United States

1,575

14.76

23,252

2.8

Atkore Inc [ATKR]

United States

278

83.01

23,073

2.8

Advanced Drainage Systems Inc. [WMS]

United States

230

90.07

20,720

2.5

Churchill Downs Incorporated [CHDN]

United States

105

191.53

20,090

2.4

PDC Energy Inc. [PDCE]

United States

324

61.61

19,968

2.4

Spirit Realty Capital Inc. [SRC]

United States

519

37.78

19,617

2.4

Encore Wire Corporation [WIRE]

United States

180

103.92

18,728

2.2

Saia Inc. [SAIA]

United States

93

188.00

17,450

2.1

WillScot Mobile Mini Holdings Corp. Class A [WSC]

United States

538

32.42

17,455

2.1

American Assets Trust Inc. [AAT]

United States

586

29.70

17,413

2.1

Hexcel Corporation [HXL]

United States

321

52.31

16,780

2.0

WNS (Holdings) Limited Sponsored ADR [WNS]

India

219

74.64

16,367

2.0

Amedisys Inc. [AMED]

United States

154

105.12

16,236

1.9

Ascendis Pharma A/S Sponsored ADR [ASND]

Denmark

175

92.96

16,235

1.9

Lantheus Holdings Inc [LNTH]

United States

233

66.03

15,398

1.8

Azenta Inc. [AZTA]

United States

213

72.10

15,321

1.8

Avient Corporation [AVNT]

United States

379

40.08

15,179

1.8

ITT Inc. [ITT]

United States

226

67.24

15,222

1.8

Alkermes Plc [ALKS]

United States

499

29.79

14,853

1.8

Lincoln Electric Holdings Inc. [LECO]

United States

115

123.36

14,178

1.7

MKS Instruments Inc. [MKSI]

United States

138

102.63

14,195

1.7

Smartsheet Inc. Class A [SMAR]

United States

444

31.43

13,961

1.7

National Vision Holdings Inc. [EYE]

United States

499

27.50

13,735

1.6

Pacira Biosciences Inc. [PCRX]

United States

233

58.30

13,558

1.6

Semtech Corporation [SMTC]

United States

242

54.97

13,281

1.6

Samsara Inc. Class A [IOT]

United States

1,140

11.17

12,732

1.5

Blueprint Medicines Corp. [BPMC]

United States

250

50.51

12,613

1.5

Bio-Rad Laboratories Inc. Class A [BIO]

United States

25

495.00

12,494

1.5

Endeavor Group Holdings Inc. Class A [EDR]

United States

600

20.56

12,336

1.5

Shift4 Payments Inc. Class A [FOUR]

United States

371

33.06

12,257

1.5

BlackLine Inc. [BL]

United States

184

66.60

12,230

1.5

Palomar Holdings Inc. [PLMR]

United States

187

64.40

12,036

1.4

Braze Inc. Class A [BRZE]

United States

329

36.23

11,908

1.4

Flywire Corp. [FLYW]

United States

673

17.63

11,870

1.4

Tandem Diabetes Care Inc. [TNDM]

United States

201

59.19

11,870

1.4

Ironwood Pharmaceuticals Inc. Class A [IRWD]

United States

1,016

11.53

11,714

1.4

First Interstate BancSystem Inc. Class A [FIBK]

United States

305

38.11

11,632

1.4

BRP Group Inc. Class A [BRP]

United States

452

24.15

10,911

1.3

Five Below Inc. [FIVE]

United States

96

113.43

10,876

1.3

Axalta Coating Systems Ltd. [AXTA]

United States

482

22.11

10,658

1.3

Inspire Medical Systems Inc. [INSP]

United States

58

182.67

10,509

1.3

Chart Industries Inc. [GTLS]

United States

61

167.38

10,252

1.2

Silicon Motion Technology Corporation Sponsored ADR [SIMO]

Hong Kong

119

83.70

9,950

1.2

Haemonetics Corporation [HAE]

United States

149

65.18

9,688

1.2

Playa Hotels & Resorts N.V. [PLYA]

United States

1,395

6.87

9,585

1.2

Coupa Software Inc. [COUP]

United States

167

57.10

9,530

1.1

StepStone Group Inc. Class A [STEP]

United States

367

26.03

9,547

1.1

BRP Inc. [DOOO]

Canada

153

61.51

9,398

1.1

UMH Properties Inc. [UMH]

United States

533

17.66

9,419

1.1

NexTier Oilfield Solutions Inc. [NEX]

United States

965

9.51

9,180

1.1

Repay Holdings Corp. Class A [RPAY]

United States

714

12.85

9,178

1.1

Fate Therapeutics Inc. [FATE]

United States

362

24.78

8,982

1.1

Northern Oil and Gas Inc. [NOG]

United States

353

25.26

8,926

1.1

SiTime Corporation [SITM]

United States

52

163.03

8,495

1.0

NCR Corporation [NCR]

United States

258

31.11

8,028

1.0

Madison Square Garden Entertainment Corp. Class A [MSGE]

United States

135

52.62

7,091

0.9

Rocket Pharmaceuticals Inc. [RCKT]

United States

482

13.76

6,626

0.8

SMART Global Holdings Inc. [SGH]

United States

397

16.37

6,492

0.8

Ranpak Holdings Corp Class A [PACK]

United States

558

7.00

3,905

0.5

Silvergate Capital Corp. Class A [SI]

United States

74

53.53

3,955

0.5

MaxLinear Inc. [MXL]

United States

101

33.98

3,436

0.4

Total

--

--

--

798,257

95.7

Cash and Other Assets Less Liabilities

--

--

--

--

4.3

Total Net Assets

--

--

--

--

100%

as of 6/30/2022

Economic Sector

Small Cap Growth Fund %

Russell 2000® Growth Index %

Health Care

26.9

22.7

Information Technology

20.8

21.3

Industrials

18.4

17.4

Consumer Discretionary

7.6

10.4

Financials

5.8

5.9

Real Estate

5.6

2.9

Energy

4.6

6.1

Materials

3.6

4.4

Communication Services

2.3

2.3

Consumer Staples

0.0

4.7

Utilities

0.0

1.8

as of 6/30/2022

Economic Sector

Small Cap Growth Fund %

Russell 2000® Growth Index %

Consumer Staples

0.0

-2.2

Utilities

0.0

-8.6

Health Care

-10.0

-19.2

Real Estate

-13.5

-24.5

Industrials

-15.1

-16.8

Energy

-15.6

-16.6

Financials

-19.4

-18.7

Consumer Discretionary

-23.2

-21.1

Information Technology

-26.8

-23.1

Materials

-29.0

-16.7

Communication Services

-32.6

-26.0

Investment Team

Westfield Management Company, L.P.


Westfield Capital Management Company, L.P. is dedicated to providing superior and consistent investment performance based on a disciplined, team-based approach, with exceptional client service. Westfield believes their greatest strength comes from the collective wisdom of a fully engaged and inspired team working together with clear objectives. Additionally, Westfield embraces their partnership structure, which aligns the advancement of the organization with their clients, and serves to attract and retain exceptional talent.

Documents

Fund 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. Stocks of small cap companies pose special risks, including possible illiquidity and greater price volatility than stocks of larger, more established companies.

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.

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.

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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.