SIGN IN

Harbor Large Cap Value Fund (HAVLX)

Overview

Performance

Holdings

Investment Team

Documents

Overview

Current Price

as of 1/31/2023

NAV Price	$19.85
NAV Daily Change ($)	$0.32
NAV Daily Change (%)	1.64%
NAV YTD Return	5.75%

Fund Facts

Inception Date	12/29/1987
Net Expense Ratio	0.69%
Gross Expense Ratio	0.72%
Total Net Assets (million) as of 1/31/2023	$732.934
Ticker	HAVLX
Fund Number	2013
Share Class	Institutional

Top Ten Holdings

as of 12/31/2022

Microsoft Corporation [MSFT]	3.9%
Corteva Inc [CTVA]	3.8%
Danaher Corporation [DHR]	3.0%
Ameriprise Financial Inc. [AMP]	2.9%
Parker-Hannifin Corporation [PH]	2.9%
Merck & Co. Inc. [MRK]	2.8%
Amgen Inc. [AMGN]	2.8%
Microchip Technology Incorporated [MCHP]	2.8%
Lennar Corporation Class A [LEN]	2.7%
Adobe Incorporated [ADBE]	2.7%
% of Total Holdings:	30.3%

“The noise of the stock market can distract one from their original purpose: investing in a business.”

Greg Padilla

CFA, Principal, Portfolio Manager, Senior Global Research Analyst, Aristotle Capital Management, LLC

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

Large Cap Value Fund

6.44%

5.75%

-5.44%

9.30%

7.94%

11.97%

10.11%

0.69% disclaimer

0.72%

Russell 1000® Value Index

7.25%

5.18%

-0.43%

8.54%

6.94%

10.15%

10.37%

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 1000® Value Index is an unmanaged index generally representative of the U.S. market for larger capitalization value stocks. This unmanaged index does not reflect fees and expenses and is not available for direct investment. The Russell 1000® Value 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

12/16/2022

12/19/2022

0.00000

0.12412

0.72018

0.00000

0.72018

0.84430

0.00000

18.49

6/28/2022

6/29/2022

0.00000

0.11915

0.00000

0.11915

0.00000

18.86

12/17/2021

12/20/2021

0.00000

0.08558

0.60531

0.05971

0.00000

0.54560

0.69089

0.00000

22.24

6/28/2021

6/29/2021

0.00000

0.08248

0.00000

0.08248

0.00000

22.38

12/16/2020

12/17/2020

0.00000

0.07234

0.52102

0.00000

0.52102

0.59336

0.00000

19.02

6/26/2020

6/29/2020

0.00000

0.07272

0.00000

0.07272

0.00000

15.66

12/13/2019

12/16/2019

0.00000

0.07480

0.00000

0.07480

0.00000

17.31

6/26/2019

6/27/2019

0.00000

0.07897

0.00000

0.07897

0.00000

15.52

12/14/2018

12/17/2018

0.00000

0.07297

0.23420

0.01792

0.00000

0.21628

0.30717

0.00000

13.44

6/27/2018

6/28/2018

0.00000

0.06754

0.00000

0.06754

0.00000

14.91

12/15/2017

12/18/2017

0.00000

0.05315

0.41288

0.01351

0.00000

0.39937

0.46603

0.00000

14.89

6/28/2017

6/29/2017

0.00000

0.06728

0.00000

0.06728

0.00000

13.91

12/16/2016

12/19/2016

0.00000

0.06832

0.42776

0.00619

0.00000

0.42157

0.49608

0.00000

12.75

6/28/2016

6/29/2016

0.00000

0.06168

0.00000

0.06168

0.00000

11.65

12/16/2015

12/17/2015

0.00000

0.06913

0.51475

0.17494

0.00000

0.33981

0.58388

0.00000

11.25

6/26/2015

6/29/2015

0.00000

0.06401

0.00000

0.06401

0.00000

12.12

12/17/2014

12/18/2014

0.00000

0.07675

0.78517

0.00000

0.78517

0.86192

0.00000

11.61

6/25/2014

6/26/2014

0.00000

0.05760

0.00000

0.05760

0.00000

12.24

12/16/2013

12/17/2013

0.00000

0.07590

0.00000

0.07590

0.00000

10.85

6/26/2013

6/27/2013

0.00000

0.05397

0.00000

0.05397

0.00000

9.76

12/14/2012

12/17/2012

0.00000

0.06916

0.00000

0.06916

0.00000

8.76

6/27/2012

6/28/2012

0.00000

0.11707

0.00000

0.11707

0.00000

7.70

12/15/2011

12/16/2011

0.00000

0.07159

0.00000

0.07159

0.00000

7.20

6/28/2011

6/29/2011

0.00000

0.05572

0.00000

0.05572

0.00000

7.86

12/16/2010

12/17/2010

0.00000

0.06621

0.00000

0.06621

0.00000

7.45

6/28/2010

6/29/2010

0.00000

0.04568

0.00000

0.04568

0.00000

6.43

12/17/2009

12/18/2009

0.00000

0.05121

0.00000

0.05121

0.00000

6.96

6/26/2009

6/29/2009

0.00000

0.06558

0.00000

0.06558

0.00000

6.06

12/18/2008

12/19/2008

0.00000

0.08701

0.00000

0.08701

0.00000

6.03

6/26/2008

6/27/2008

0.00000

0.10186

0.00000

0.10186

0.00000

8.42

12/18/2007

12/19/2007

0.00000

0.08389

10.66327

1.25237

0.00000

9.41090

10.74716

0.00000

9.32

6/27/2007

6/28/2007

0.00000

0.15541

0.00000

0.15541

0.00000

20.08

12/18/2006

12/19/2006

0.00000

0.10127

0.27834

0.00000

0.27834

0.37961

0.00000

19.31

6/28/2006

6/29/2006

0.00000

0.10348

0.00000

0.10348

0.00000

17.24

12/19/2005

12/20/2005

0.00000

0.08475

0.00000

0.08475

0.00000

17.15

6/28/2005

6/29/2005

0.00000

0.07517

0.00000

0.07517

0.00000

16.96

12/29/2004

12/30/2004

0.00000

0.07998

0.00000

0.07998

0.00000

16.34

6/28/2004

6/29/2004

0.00000

0.06396

0.00000

0.06396

0.00000

14.87

12/29/2003

12/30/2003

0.00000

0.04730

0.00000

0.04730

0.00000

14.33

6/26/2003

6/27/2003

0.00000

0.04784

0.00000

0.04784

0.00000

12.61

12/27/2002

12/30/2002

0.00000

0.07795

0.00000

0.07795

0.00000

11.26

6/25/2002

6/26/2002

6/27/2002

0.00000

0.02536

0.00000

0.02536

0.00000

13.01

12/26/2001

12/27/2001

12/28/2001

0.00000

0.02356

0.00000

0.02356

0.00000

14.36

9/26/2001

9/27/2001

9/28/2001

0.00000

0.05259

0.00000

0.05259

0.00000

12.43

6/27/2001

6/28/2001

6/29/2001

0.00000

0.05990

0.00000

0.05990

0.00000

14.50

3/28/2001

3/29/2001

3/30/2001

0.00000

0.06530

0.00000

0.06530

0.00000

13.33

12/20/2000

12/21/2000

12/22/2000

0.00000

0.06673

0.18949

0.00000

0.25622

0.00000

13.38

9/27/2000

9/28/2000

9/29/2000

0.00000

0.06836

0.00000

0.06836

0.00000

13.48

6/28/2000

6/29/2000

6/30/2000

0.00000

0.06771

0.00000

0.06771

0.00000

13.21

3/29/2000

3/30/2000

3/31/2000

0.00000

0.06876

0.00000

0.06876

0.00000

13.13

12/21/1999

12/22/1999

12/23/1999

0.00000

0.09090

1.57122

1.35908

0.00000

0.21214

1.66212

0.00000

13.18

9/27/1999

9/28/1999

9/30/1999

0.00000

0.05943

0.00000

0.05943

0.00000

14.60

6/25/1999

6/28/1999

6/30/1999

0.00000

0.05348

0.00000

0.05348

0.00000

16.36

3/26/1999

3/29/1999

3/31/1999

0.00000

0.05418

0.00000

0.05418

0.00000

14.77

12/28/1998

12/29/1998

12/31/1998

0.00000

0.07987

1.62987

0.86028

0.00000

0.76959

1.70974

0.00000

14.31

9/25/1998

9/28/1998

9/30/1998

0.00000

0.07369

0.00000

0.07369

0.00000

14.34

6/25/1998

6/26/1998

6/30/1998

0.00000

0.06193

0.00000

0.06193

0.00000

16.18

3/26/1998

3/27/1998

3/31/1998

0.00000

0.05690

0.00000

0.05690

0.00000

16.97

12/24/1997

12/26/1997

12/31/1997

0.00000

0.08986

3.74026

2.29233

1.04633

0.40160

3.83012

0.00000

14.79

9/24/1997

9/25/1997

9/30/1997

0.00000

0.07527

0.00000

0.07527

0.00000

18.72

6/24/1997

6/25/1997

6/30/1997

0.00000

0.07892

0.00000

0.07892

0.00000

17.15

3/24/1997

3/25/1997

3/31/1997

0.00000

0.08311

0.00000

0.08311

0.00000

15.56

12/24/1996

12/26/1996

12/31/1996

0.00000

0.09867

2.00132

1.48504

0.00000

0.51628

2.09999

0.00000

14.88

9/24/1996

9/25/1996

9/30/1996

0.00000

0.10290

0.00000

0.10290

0.00000

15.68

6/24/1996

6/25/1996

6/28/1996

0.00000

0.11224

0.00000

0.11224

0.00000

15.38

3/25/1996

3/26/1996

3/29/1996

0.00000

0.08818

0.00000

0.08818

0.00000

15.18

12/22/1995

12/26/1995

12/29/1995

0.00000

0.09510

1.26972

1.14873

0.00000

0.12099

1.36482

0.00000

14.17

9/22/1995

9/25/1995

9/29/1995

0.00000

0.11320

0.00000

0.11320

0.00000

14.60

6/23/1995

6/26/1995

6/30/1995

0.00000

0.09760

0.00000

0.09760

0.00000

13.69

3/24/1995

3/27/1995

3/31/1995

0.00000

0.10213

0.00000

0.10213

0.00000

12.94

12/23/1994

12/27/1994

12/30/1994

0.00000

0.08162

1.06568

0.47618

0.00000

0.58950

1.14730

0.00000

11.93

9/23/1994

9/26/1994

9/30/1994

0.00000

0.09634

0.00000

0.09634

0.00000

13.24

6/24/1994

6/27/1994

6/30/1994

0.00000

0.08093

0.00000

0.08093

0.00000

12.86

3/25/1994

3/28/1994

3/31/1994

0.00000

0.09986

0.00000

0.09986

0.00000

12.85

12/23/1993

12/27/1993

12/31/1993

0.00000

0.06542

1.09656

0.00000

1.09656

1.16198

0.00000

13.28

9/24/1993

9/27/1993

9/30/1993

0.00000

0.08515

0.00000

0.08515

0.00000

14.18

6/25/1993

6/28/1993

6/30/1993

0.00000

0.08773

0.00000

0.08773

0.00000

13.93

3/26/1993

3/29/1993

3/31/1993

0.00000

0.08707

0.00000

0.08707

0.00000

14.37

12/24/1992

12/28/1992

12/31/1992

0.00000

0.08827

0.14672

0.01698

0.00000

0.12974

0.23499

0.00000

13.56

9/25/1992

9/28/1992

9/30/1992

0.00000

0.10014

0.00000

0.10014

0.00000

13.51

6/24/1992

6/30/1992

0.00000

0.09840

0.00000

0.09840

0.00000

13.33

3/25/1992

3/31/1992

0.00000

0.08937

0.00000

0.08937

0.00000

12.97

12/26/1991

12/27/1991

12/31/1991

0.00000

0.12251

0.34568

0.03817

0.00000

0.30751

0.46819

0.00000

12.79

9/24/1991

9/25/1991

9/30/1991

0.00000

0.11336

0.00000

0.11336

0.00000

13.16

6/24/1991

6/25/1991

6/28/1991

0.00000

0.11999

0.00000

0.11999

0.00000

12.79

3/25/1991

3/26/1991

3/28/1991

0.00000

0.10784

0.00000

0.10784

0.00000

13.01

12/24/1990

12/26/1990

12/31/1990

0.00000

0.13656

0.43255

0.12870

0.00000

0.30385

0.56911

0.00000

11.53

9/24/1990

9/25/1990

9/28/1990

0.00000

0.13380

0.00000

0.13380

0.00000

11.15

6/25/1990

6/26/1990

6/29/1990

0.00000

0.12649

0.00000

0.12649

0.00000

13.06

3/26/1990

3/27/1990

3/30/1990

0.00000

0.11995

0.00000

0.11995

0.00000

12.72

12/21/1989

12/22/1989

12/30/1989

0.00000

0.12663

0.79563

0.19332

0.00000

0.60231

0.92226

0.00000

12.91

9/22/1989

9/25/1989

9/29/1989

0.00000

0.18042

0.00000

0.18042

0.00000

13.98

6/23/1989

6/26/1989

6/30/1989

0.00000

0.10180

0.00000

0.10180

0.00000

13.39

3/23/1989

3/27/1989

3/31/1989

0.00000

0.09670

0.00000

0.09670

0.00000

11.82

12/23/1988

12/27/1988

12/30/1988

0.00000

0.10037

0.44007

0.00000

0.54044

0.00000

11.15

9/23/1988

9/26/1988

9/30/1988

0.00000

0.09044

0.00000

0.09044

0.00000

11.19

6/23/1988

6/24/1988

6/30/1988

0.00000

0.08865

0.00000

0.08865

0.00000

10.74

3/29/1988

3/30/1988

3/31/1988

0.00000

0.07259

0.00000

0.07259

0.00000

10.25

Holdings

Portfolio Characteristics

as of 12/31/2022

Large Cap Value Fund

Number of Holdings

Wtd Avg Market Cap ($Mil)

144880.7

Price/Book Ratio

4.63

Adjusted Trailing P/E Ratio

24.2

% EPS Growth - Past 3 Yr

11.3

Return on Equity (%)

16.88

Forecasted P/E Ratio

Top Ten Holdings

as of 12/31/2022

Company Name [Ticker]

% of Net Assets

Microsoft Corporation[MSFT]

3.9

Corteva Inc[CTVA]

3.8

Danaher Corporation[DHR]

3.0

Ameriprise Financial Inc.[AMP]

2.9

Parker-Hannifin Corporation[PH]

2.9

Merck & Co. Inc.[MRK]

2.8

Amgen Inc.[AMGN]

2.8

Microchip Technology Incorporated[MCHP]

2.8

Lennar Corporation Class A[LEN]

2.7

Adobe Incorporated[ADBE]

2.7

% of Total Holdings:

30.3%

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 12/31/2022

Download: Calendar Quarter-End Holdings (csv)

Company Name [Ticker]

Country

Shares (000's)

Current Price ($)

Market Value ($000's)

% of Net Assets

Microsoft Corporation [MSFT]

United States

324

239.82

77,702

3.9

Corteva Inc [CTVA]

United States

1,285

58.78

75,532

3.8

Danaher Corporation [DHR]

United States

230

265.42

61,047

3.0

Ameriprise Financial Inc. [AMP]

United States

186

311.37

57,915

2.9

Parker-Hannifin Corporation [PH]

United States

198

291.00

57,618

2.9

Merck & Co. Inc. [MRK]

United States

510

110.95

56,585

2.8

Amgen Inc. [AMGN]

United States

215

262.64

56,468

2.8

Microchip Technology Incorporated [MCHP]

United States

795

70.25

55,849

2.8

Lennar Corporation Class A [LEN]

United States

605

90.50

54,753

2.7

Adobe Incorporated [ADBE]

United States

162

336.53

54,518

2.7

Coca-Cola Company [KO]

United States

828

63.61

52,669

2.6

Honeywell International Inc. [HON]

United States

244

214.30

52,289

2.6

Xcel Energy Inc. [XEL]

United States

745

70.11

52,232

2.6

Xylem Inc. [XYL]

United States

470

110.57

51,968

2.6

Martin Marietta Materials Inc. [MLM]

United States

152

337.97

51,371

2.6

Atmos Energy Corporation [ATO]

United States

449

112.07

50,319

2.5

ANSYS Inc. [ANSS]

United States

205

241.59

49,526

2.5

Procter & Gamble Company [PG]

United States

320

151.56

48,499

2.4

Coterra Energy Inc. [CTRA]

United States

1,957

24.57

48,083

2.4

RPM International Inc. [RPM]

United States

492

97.45

47,945

2.4

QUALCOMM Incorporated [QCOM]

United States

427

109.94

46,944

2.3

PNC Financial Services Group Inc. [PNC]

United States

295

157.94

46,592

2.3

Sony Group Corporation Sponsored ADR [SONY]

Japan

608

76.28

46,378

2.3

Autodesk Inc. [ADSK]

United States

244

186.87

45,596

2.3

Capital One Financial Corp [COF]

United States

490

92.96

45,550

2.3

General Dynamics Corporation [GD]

United States

184

248.11

45,652

2.3

Crown Castle Inc. [CCI]

United States

325

135.64

44,083

2.2

Cincinnati Financial Corporation [CINF]

United States

426

102.39

43,618

2.2

Cullen/Frost Bankers Inc. [CFR]

United States

322

133.70

43,051

2.1

Alcon AG [ALC]

Switzerland

599

68.55

41,061

2.0

Sysco Corporation [SYY]

United States

535

76.45

40,901

2.0

Constellation Brands Inc. Class A [STZ]

United States

171

231.75

39,629

2.0

Phillips 66 [PSX]

United States

376

104.08

39,134

1.9

Blackstone Inc. [BX]

United States

513

74.19

38,059

1.9

Cie Generale des Etablissements Michelin SA Unsponsored ADR [MGDDY]

France

2,714

13.87

37,632

1.9

Ecolab Inc. [ECL]

United States

256

145.56

37,263

1.9

Medtronic Plc [MDT]

United States

442

77.72

34,352

1.7

Commerce Bancshares Inc. [CBSH]

United States

453

68.07

30,805

1.5

Mitsubishi UFJ Financial Group Inc. Sponsored ADR [MUFG]

Japan

4,593

6.67

30,635

1.5

Oshkosh Corp [OSK]

United States

343

88.19

30,249

1.5

Equity LifeStyle Properties Inc. [ELS]

United States

452

64.60

29,199

1.5

PayPal Holdings Inc. [PYPL]

United States

208

71.22

14,814

0.7

Lennar Corporation Class B [LEN.B]

United States

74.78

533

0.0

Total

1,964,622

97.8

Cash and Other Assets Less Liabilities

2.2

Total Net Assets

100%

Sector Allocation

as of 12/31/2022

Economic Sector

Large Cap Value Fund %

Russell 1000® Value Index %

Information Technology

17.1

8.3

Financials

16.7

20.1

Health Care

12.4

17.3

Industrials

11.8

10.5

Materials

10.5

4.3

Consumer Staples

9.0

7.4

Consumer Discretionary

6.9

5.9

Utilities

5.1

5.8

Energy

4.3

8.5

Real Estate

3.6

4.5

Communication Services

0.0

7.3

Sector Returns

as of 12/31/2022

Economic Sector

Large Cap Value Fund %

Russell 1000® Value Index %

Industrials

23.8

18.5

Consumer Discretionary

21.1

13.0

Health Care

12.8

12.3

Utilities

10.6

8.6

Financials

9.8

13.3

Energy

9.4

22.8

Consumer Staples

8.7

14.8

Information Technology

6.3

6.0

Materials

6.2

18.1

Communication Services

0.0

2.3

Real Estate

-1.9

4.0

Investment Team

Aristotle Capital Management, LLC

Aristotle Capital Management, LLC is a privately owned, registered investment adviser that specializes in equity portfolio management for institutional and individual clients worldwide. They are one of four independent investment teams which collectively operate under a unified platform known as Aristotle. Their mission is to add value with active portfolio management to help their clients reach their long-term financial goals. The firm employs a bottom-up, fundamental investment approach in the management of U.S., international and global equity portfolios.

Gregory D. Padilla, CFA
Principal, Portfolio Manager, Senior Global Research Analyst
Gregory Padilla is a member of the Aristotle Capital research team and a veteran of the investment industry. Prior to joining Aristotle Capital, Mr. Padilla was a Managing Director and Portfolio Manager at Vinik Asset Management LP and Tradewinds Global Investors LLC. While at Tradewinds, Mr. Padilla was a key member of the All-Cap Equity strategy, the Global All-Cap strategy, and Global Natural Resource strategy. During his tenure, these three strategies received Lipper awards for top ranking in their respective categories.

Mr. Padilla earned his Bachelor of Science degree in finance from Arizona State University and MBA with Honors and a concentration in investments and financial markets from the University of Southern California. He is a CFA® charterholder.

Gregory Padilla is a member of the Aristotle Capital research team and a veteran of the investment industry. Prior to joining Aristotle Capital, Mr. Padilla was a Managing Director and Portfolio Manager at Vinik Asset Management LP and Tradewinds Global Investors LLC. While at Tradewinds, Mr. Padilla was a key member of the All-Cap Equity strategy, the Global All-Cap strategy, and Global Natural Resource strategy. During his tenure, these three strategies received Lipper awards for top ranking in their respective categories.

Mr. Padilla earned his Bachelor of Science degree in finance from Arizona State University and MBA with Honors and a concentration in investments and financial markets from the University of Southern California. He is a CFA® charterholder.
Howard Gleicher, CFA
Portfolio Manager, CEO and Chief Investment Officer
Howard Gleicher is CEO and Chief Investment Officer of Aristotle Capital. Mr. Gleicher began his career in the investment industry in 1985. Prior to founding Aristotle Capital, Mr. Gleicher was co-founder, CEO and CIO at Metropolitan West Capital Management LLC. Mr. Gleicher’s prior investment-related experience includes serving as a principal, portfolio manager, and Investment Policy Committee member at Palley-Needelman Asset Management Inc., and as an equity portfolio manager at Pacific Investment Management Company (PIMCO).

Mr. Gleicher earned his Bachelor of Science and Master of Science degrees in electrical engineering from Stanford University, and his MBA from Harvard Business School. He is also a CFA® charterholder.

Howard Gleicher is CEO and Chief Investment Officer of Aristotle Capital. Mr. Gleicher began his career in the investment industry in 1985. Prior to founding Aristotle Capital, Mr. Gleicher was co-founder, CEO and CIO at Metropolitan West Capital Management LLC. Mr. Gleicher’s prior investment-related experience includes serving as a principal, portfolio manager, and Investment Policy Committee member at Palley-Needelman Asset Management Inc., and as an equity portfolio manager at Pacific Investment Management Company (PIMCO).

Mr. Gleicher earned his Bachelor of Science and Master of Science degrees in electrical engineering from Stanford University, and his MBA from Harvard Business School. He is also a CFA® charterholder.
Gregory D. Padilla, CFA
Principal, Portfolio Manager, Senior Global Research Analyst
Gregory Padilla is a member of the Aristotle Capital research team and a veteran of the investment industry. Prior to joining Aristotle Capital, Mr. Padilla was a Managing Director and Portfolio Manager at Vinik Asset Management LP and Tradewinds Global Investors LLC. While at Tradewinds, Mr. Padilla was a key member of the All-Cap Equity strategy, the Global All-Cap strategy, and Global Natural Resource strategy. During his tenure, these three strategies received Lipper awards for top ranking in their respective categories.

Mr. Padilla earned his Bachelor of Science degree in finance from Arizona State University and MBA with Honors and a concentration in investments and financial markets from the University of Southern California. He is a CFA® charterholder.

Gregory Padilla is a member of the Aristotle Capital research team and a veteran of the investment industry. Prior to joining Aristotle Capital, Mr. Padilla was a Managing Director and Portfolio Manager at Vinik Asset Management LP and Tradewinds Global Investors LLC. While at Tradewinds, Mr. Padilla was a key member of the All-Cap Equity strategy, the Global All-Cap strategy, and Global Natural Resource strategy. During his tenure, these three strategies received Lipper awards for top ranking in their respective categories.

Mr. Padilla earned his Bachelor of Science degree in finance from Arizona State University and MBA with Honors and a concentration in investments and financial markets from the University of Southern California. He is a CFA® charterholder.
Howard Gleicher, CFA
Portfolio Manager, CEO and Chief Investment Officer
Howard Gleicher is CEO and Chief Investment Officer of Aristotle Capital. Mr. Gleicher began his career in the investment industry in 1985. Prior to founding Aristotle Capital, Mr. Gleicher was co-founder, CEO and CIO at Metropolitan West Capital Management LLC. Mr. Gleicher’s prior investment-related experience includes serving as a principal, portfolio manager, and Investment Policy Committee member at Palley-Needelman Asset Management Inc., and as an equity portfolio manager at Pacific Investment Management Company (PIMCO).

Mr. Gleicher earned his Bachelor of Science and Master of Science degrees in electrical engineering from Stanford University, and his MBA from Harvard Business School. He is also a CFA® charterholder.

Howard Gleicher is CEO and Chief Investment Officer of Aristotle Capital. Mr. Gleicher began his career in the investment industry in 1985. Prior to founding Aristotle Capital, Mr. Gleicher was co-founder, CEO and CIO at Metropolitan West Capital Management LLC. Mr. Gleicher’s prior investment-related experience includes serving as a principal, portfolio manager, and Investment Policy Committee member at Palley-Needelman Asset Management Inc., and as an equity portfolio manager at Pacific Investment Management Company (PIMCO).

Mr. Gleicher earned his Bachelor of Science and Master of Science degrees in electrical engineering from Stanford University, and his MBA from Harvard Business School. He is also a CFA® charterholder.

Documents

Fund Documents

Large Cap Value Fund Quarterly Report

12/31/2022

Large Cap Value Fund Portfolio Holdings

12/31/2022

Regulatory

Large Cap Value 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

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 typically invests in a limited number of companies, an adverse event affecting a particular company may hurt the Fund's performance more than if it had invested in a larger number of companies. Since the Fund may hold foreign securities, it may be subject to greater risks than funds invested only in the U.S. These risks are more severe for securities of issuers in emerging market regions.

Harbor Large Cap Value Fund (HAVLX)

Overview

Current Price

as of 1/31/2023

Fund Facts

as of 1/31/2023

Top Ten Holdings

as of 12/31/2022

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 12/31/2022

Large Cap Value Fund

Top Ten Holdings

as of 12/31/2022

Company Name [Ticker]

% of Net Assets

Full Holdings

as of 12/31/2022

Company Name [Ticker]

Country

Shares (000's)

Current Price ($)

Market Value ($000's)

% of Net Assets

Sector Allocation

as of 12/31/2022

Economic Sector

Large Cap Value Fund %

Russell 1000® Value Index %

Sector Returns

as of 12/31/2022

Economic Sector

Large Cap Value Fund %

Russell 1000® Value Index %

Investment Team

Aristotle Capital Management, LLC

Documents

Fund Documents

Large Cap Value Fund Quarterly Report

Large Cap Value Fund Portfolio Holdings

Regulatory

Large Cap Value 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

Large Cap Value Fund Generic RFP

Large Cap Value Fund Kit