Harbor Large Cap Value Fund (HAVLX)

Overview

Performance

Holdings

Investment Team

Documents

800-422-1050

Locate Your Harbor Consultant

INSTITUTIONAL INVESTORS ONLY: Please enter your zip code to locate an Investment Consultant.

Harbor Large Cap Value Fund’s Alpha Edge

Harbor Capital Advisors

Overview

Investment Team

Learn More

Current Price

As of 9/22/2023

$19.68

Price (NAV)

-$0.06

NAV Daily Change ($)

-0.30%

NAV Daily Change (%)

5.58%

NAV YTD Return

Fund Facts

As of 8/31/2023

12/29/1987

Inception Date

0.69

Net Expense Ratio

0.72

Gross Expense Ratio

$668.876

Total Net Assets (million)

As of 8/31/2023

HAVLX

Ticker

2013

Fund Number

Institutional Class

Share Class

Top Ten Holdings

As of 6/30/2023

Company Name [Ticker]

% of Net Assets

Microsoft Corporation[MSFT]

4.4

Corteva Inc[CTVA]

3.5

Parker-Hannifin Corporation[PH]

3.4

Adobe Incorporated[ADBE]

3.3

Martin Marietta Materials Inc.[MLM]

3.3

Lennar Corporation Class A[LEN]

3.2

Microchip Technology Incorporated[MCHP]

3.2

ANSYS Inc.[ANSS]

3.0

Ameriprise Financial Inc.[AMP]

2.8

Merck & Co. Inc.[MRK]

2.8

% of Total Holdings:

32.9%

“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

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

8.06%

9.18%

9.50%

9.56%

8.81%

11.47%

10.03%

0.69% disclaimer

0.72%

Russell 1000® Value Index

7.41%

5.88%

8.59%

11.59%

7.11%

9.15%

10.22%

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

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

6/29/2023

6/30/2023

0.00000

0.07178

0.00000

0.07178

0.00000

20.16

3/30/2023

3/31/2023

0.00000

0.06686

0.00000

0.06686

0.00000

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 6/30/2023

Number of Holdings

190217.6

Wtd Avg Market Cap ($Mil)

5.12

Price/Book Ratio

24.9

Adjusted Trailing P/E Ratio

16.5

% EPS Growth - Past 3 Yr

15.73

Return on Equity (%)

19.5

Forecasted P/E Ratio

Top Ten Holdings

As of 6/30/2023

Company Name [Ticker]

% of Net Assets

Microsoft Corporation[MSFT]

4.4

Corteva Inc[CTVA]

3.5

Parker-Hannifin Corporation[PH]

3.4

Adobe Incorporated[ADBE]

3.3

Martin Marietta Materials Inc.[MLM]

3.3

Lennar Corporation Class A[LEN]

3.2

Microchip Technology Incorporated[MCHP]

3.2

ANSYS Inc.[ANSS]

3.0

Ameriprise Financial Inc.[AMP]

2.8

Merck & Co. Inc.[MRK]

2.8

% of Total Holdings:

32.9%

This information should not be considered as a recommendation to purchase or sell a particular security. The weightings, holdings, industry, sector, countries mentioned may change at any time and may not represent current or future investments.

Full Holdings

As of 6/30/2023

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]

250

340.54

85,135

4.4

Corteva Inc [CTVA]

1,181

57.30

67,671

3.5

Parker-Hannifin Corporation [PH]

169

390.04

65,917

3.4

Adobe Incorporated [ADBE]

131

488.99

64,058

3.3

Martin Marietta Materials Inc. [MLM]

138

461.69

63,713

3.3

Lennar Corporation Class A [LEN]

490

125.31

61,402

3.2

Microchip Technology Incorporated [MCHP]

680

89.59

60,921

3.2

ANSYS Inc. [ANSS]

174

330.27

57,467

3.0

Ameriprise Financial Inc. [AMP]

164

332.16

54,474

2.8

Merck & Co. Inc. [MRK]

462

115.39

53,310

2.8

Danaher Corporation [DHR]

216

240.00

51,840

2.7

Atmos Energy Corporation [ATO]

415

116.34

48,281

2.5

Sony Group Corporation Sponsored ADR [SONY]

523

90.04

47,091

2.5

Xylem Inc. [XYL]

418

112.62

47,075

2.5

Honeywell International Inc. [HON]

223

207.50

46,273

2.4

Capital One Financial Corp [COF]

420

109.37

45,935

2.4

Coterra Energy Inc. [CTRA]

1,774

25.30

44,882

2.3

Coca-Cola Company [KO]

742

60.22

44,683

2.3

Alcon AG [ALC]

534

82.11

43,847

2.3

QUALCOMM Incorporated [QCOM]

368

119.04

43,807

2.3

Autodesk Inc. [ADSK]

210

204.61

42,968

2.2

Procter & Gamble Company [PG]

284

151.74

43,094

2.2

Amgen Inc. [AMGN]

193

222.02

42,850

2.2

Xcel Energy Inc. [XEL]

688

62.17

42,773

2.2

Ecolab Inc. [ECL]

226

186.69

42,192

2.2

Activision Blizzard Inc. [ATVI]

478

84.30

40,295

2.1

RPM International Inc. [RPM]

449

89.73

40,289

2.1

Blackstone Inc. [BX]

421

92.97

39,140

2.0

Constellation Brands Inc. Class A [STZ]

159

246.13

39,135

2.0

General Dynamics Corporation [GD]

176

215.15

37,866

2.0

Sysco Corporation [SYY]

508

74.20

37,694

2.0

Medtronic Plc [MDT]

388

88.10

34,183

1.8

Cie Generale des Etablissements Michelin SA Unsponsored ADR [MGDDY]

2,307

14.76

34,054

1.8

Crown Castle Inc. [CCI]

297

113.94

33,840

1.8

Phillips 66 [PSX]

353

95.38

33,669

1.8

PNC Financial Services Group Inc. [PNC]

267

125.95

33,629

1.8

Cincinnati Financial Corporation [CINF]

331

97.32

32,257

1.7

Cullen/Frost Bankers Inc. [CFR]

301

107.53

32,367

1.7

Equity LifeStyle Properties Inc. [ELS]

448

66.89

29,941

1.6

Mitsubishi UFJ Financial Group Inc. Sponsored ADR [MUFG]

3,865

7.37

28,485

1.5

Oshkosh Corp [OSK]

301

86.59

26,064

1.4

Commerce Bancshares Inc. [CBSH]

420

48.70

20,454

1.1

U.S. Bancorp [USB]

138

33.04

4,559

0.2

Lennar Corporation Class B [LEN.B]

112.98

805

0.0

Total

1,890,384

98.5

Cash and Other Assets Less Liabilities

1.5

Total Net Assets

100%

Sector Allocation

As of 6/30/2023

Large Cap Value Fund (HRLVX)

Russell 1000® Value Index

Information Technology

HRLVX: 18.4%

Benchmark: 9.0%

Financials

HRLVX: 15.2%

Benchmark: 20.1%

Health Care

HRLVX: 11.8%

Benchmark: 15.8%

Industrials

HRLVX: 11.6%

Benchmark: 13.5%

Materials

HRLVX: 11.1%

Benchmark: 4.8%

Consumer Staples

HRLVX: 8.6%

Benchmark: 8.3%

Consumer Discretionary

HRLVX: 7.4%

Benchmark: 5.3%

Utilities

HRLVX: 4.7%

Benchmark: 5.2%

Energy

HRLVX: 4.1%

Benchmark: 7.9%

Real Estate

HRLVX: 3.3%

Benchmark: 4.9%

Communication Services

HRLVX: 2.1%

Benchmark: 5.1%

HRLVX: Large Cap Value Fund

Benchmark: Russell 1000® Value Index

Sector Returns

As of 6/30/2023

Economic Sector

Large Cap Value Fund %

Russell 1000® Value Index %

Materials

9.0

0.9

Information Technology

8.4

5.0

Industrials

7.7

8.6

Consumer Discretionary

7.5

7.6

Health Care

3.8

1.4

Financials

3.1

5.3

Consumer Staples

1.4

0.9

Energy

-0.0

-0.8

Utilities

-1.3

-2.7

Communication Services

-1.5

11.2

Real Estate

-8.0

3.3

Investment Team

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.

Howard Gleicher, CFA

Portfolio Manager, CEO and Chief Investment Officer

Gregory D. Padilla, CFA

Principal, Portfolio Manager, Senior Global Research Analyst

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. 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.

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.

2979706