Harbor Mid Cap Fund (HMCLX)
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Overview
Investment Team
As of 5/31/2023
“Better judgement borne of deep hands-on experience in a variety of industries allows us to see what others may miss.”
Paul Viera
CEO and Partner, Earnest Partners LLC
Performance
Fund Name
3 Mo.
YTD Return
1 Yr.
3 Yr.
Since Inception
Net Expense Ratio
Gross Expense Ratio
Mid Cap Fund
-5.91%
0.83%
-8.11%
10.09%
7.35%
0.88%
1.00%
Russell Midcap® Index
-4.79%
0.61%
-4.51%
10.19%
5.89%
--
--
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 Midcap® Index is an unmanaged index generally representative of the U.S. market for medium capitalization stocks. This unmanaged index does not reflect fees and expenses and is not available for direct investment. The Russell Midcap® 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
12/16/2022
12/19/2022
12/19/2022
0.00000
0.05604
0.33994
0.10228
0.00000
0.23766
0.39598
0.00000
11.84
12/17/2021
12/20/2021
12/20/2021
0.00000
0.03814
0.26695
0.07293
0.00000
0.19402
0.30509
0.00000
14.21
12/16/2020
12/17/2020
12/17/2020
0.00000
0.02341
0.00000
0.00000
0.00000
0.00000
0.02341
0.00000
12.14
12/13/2019
12/16/2019
12/16/2019
0.00000
0.00532
0.00000
0.00000
0.00000
0.00000
0.00532
0.00000
10.27
Holdings
Full Holdings
As of 3/31/2023
Company Name [Ticker]
Country
Shares (000's)
Current Price ($)
Market Value ($000's)
% of Net Assets
Republic Services Inc. [RSG]
19
135.22
2,516
2.8
Keysight Technologies Inc [KEYS]
14
161.48
2,250
2.5
Synopsys Inc. [SNPS]
6
386.25
2,227
2.4
Darden Restaurants Inc. [DRI]
14
155.16
2,217
2.4
ANSYS Inc. [ANSS]
7
332.80
2,175
2.4
CBRE Group Inc. Class A [CBRE]
28
72.81
2,024
2.2
Progressive Corporation [PGR]
14
143.06
1,997
2.2
Agilent Technologies Inc. [A]
14
138.34
1,963
2.2
RenaissanceRe Holdings Ltd. [RNR]
10
200.34
1,957
2.1
Sensata Technologies Holding PLC [ST]
39
50.02
1,948
2.1
Masco Corporation [MAS]
38
49.72
1,892
2.1
Entegris Inc. [ENTG]
22
82.01
1,823
2.0
Hexcel Corporation [HXL]
26
68.25
1,791
2.0
Intercontinental Exchange Inc. [ICE]
17
104.29
1,765
1.9
Raymond James Financial Inc. [RJF]
19
93.27
1,748
1.9
Skyworks Solutions Inc. [SWKS]
15
117.98
1,732
1.9
Activision Blizzard Inc. [ATVI]
20
85.59
1,718
1.9
Reinsurance Group of America Incorporated [RGA]
13
132.76
1,720
1.9
Albemarle Corporation [ALB]
8
221.04
1,708
1.9
Bio-Rad Laboratories Inc. Class A [BIO]
3
479.02
1,666
1.8
Catalent Inc [CTLT]
25
65.71
1,664
1.8
Snap-on Incorporated [SNA]
7
246.89
1,660
1.8
D.R. Horton Inc. [DHI]
17
97.69
1,626
1.8
Scotts Miracle-Gro Company Class A [SMG]
23
69.74
1,600
1.8
Coterra Energy Inc. [CTRA]
64
24.54
1,580
1.7
Arrow Electronics Inc. [ARW]
13
124.87
1,577
1.7
General Dynamics Corporation [GD]
7
228.21
1,550
1.7
Americold Realty Trust Inc. [COLD]
54
28.45
1,537
1.7
Stifel Financial Corp. [SF]
25
59.09
1,498
1.6
Woodward Inc. [WWD]
15
97.37
1,487
1.6
Air Lease Corporation Class A [AL]
38
39.37
1,486
1.6
Houlihan Lokey Inc. Class A [HLI]
17
87.49
1,479
1.6
Spirit AeroSystems Holdings Inc. Class A [SPR]
43
34.53
1,482
1.6
Cummins Inc. [CMI]
6
238.88
1,411
1.5
Global Payments Inc. [GPN]
13
105.24
1,378
1.5
AmerisourceBergen Corporation [ABC]
9
160.11
1,364
1.5
Dover Corporation [DOV]
9
151.94
1,344
1.5
CSX Corporation [CSX]
44
29.94
1,325
1.5
Syneos Health Inc. Class A [SYNH]
37
35.62
1,320
1.4
Sealed Air Corporation [SEE]
28
45.91
1,305
1.4
WEC Energy Group Inc [WEC]
14
94.79
1,283
1.4
Applied Materials Inc. [AMAT]
10
122.83
1,270
1.4
Sysco Corporation [SYY]
16
77.23
1,266
1.4
Broadridge Financial Solutions Inc. [BR]
9
146.57
1,252
1.4
GATX Corporation [GATX]
11
110.02
1,248
1.4
Black Knight Inc. [BKI]
21
57.56
1,220
1.3
DENTSPLY SIRONA Inc. [XRAY]
30
39.28
1,194
1.3
Akamai Technologies Inc. [AKAM]
15
78.30
1,194
1.3
KeyCorp [KEY]
93
12.52
1,162
1.3
Laboratory Corporation of America Holdings [LH]
5
229.42
1,125
1.2
SBA Communications Corp. Class A [SBAC]
4
261.07
1,127
1.2
Packaging Corporation of America [PKG]
8
138.83
1,108
1.2
Lumentum Holdings Inc. [LITE]
19
54.01
1,044
1.1
ChampionX Corporation [CHX]
35
27.13
958
1.1
Stericycle Inc. [SRCL]
21
43.61
900
1.0
Boston Properties Inc. [BXP]
16
54.12
882
1.0
Eastman Chemical Company [EMN]
10
84.34
870
1.0
Murphy Oil Corporation [MUR]
23
36.98
854
0.9
Helmerich & Payne Inc. [HP]
22
35.75
785
0.9
TJX Companies Inc [TJX]
9
78.36
693
0.8
Total
--
--
--
89,947
98.5
Cash and Other Assets Less Liabilities
--
--
--
--
1.5
Total Net Assets
--
--
--
--
100%
Sector Allocation
As of 3/31/2023
Mid Cap Fund (HMCRX)
Russell Midcap® Index
Industrials
HMCRX: 25.5%
Benchmark: 17.2%
Information Technology
HMCRX: 18.0%
Benchmark: 15.0%
Financials
HMCRX: 16.1%
Benchmark: 13.2%
Health Care
HMCRX: 11.3%
Benchmark: 11.0%
Materials
HMCRX: 7.2%
Benchmark: 6.3%
Real Estate
HMCRX: 6.1%
Benchmark: 7.3%
Consumer Discretionary
HMCRX: 5.0%
Benchmark: 12.0%
Energy
HMCRX: 4.6%
Benchmark: 4.7%
Communication Services
HMCRX: 1.9%
Benchmark: 3.7%
Utilities
HMCRX: 1.4%
Benchmark: 5.8%
Consumer Staples
HMCRX: 1.4%
Benchmark: 4.0%
HMCRX: Mid Cap Fund
Benchmark: Russell Midcap® Index
Sector Returns
As of 3/31/2023
Economic Sector
Mid Cap Fund %
Russell Midcap® Index %
Information Technology
13.7
14.5
Communication Services
11.8
15.4
Consumer Discretionary
9.5
8.2
Materials
9.1
4.1
Health Care
6.9
3.4
Industrials
5.8
7.7
Utilities
1.9
-1.7
Consumer Staples
1.7
3.3
Financials
-1.7
-6.3
Real Estate
-6.3
0.4
Energy
-9.7
-7.9
Investment Team
EARNEST Partners LLC manages assets for clients around the world, including corporate pension plans, state and municipal pension plans, jointly-trusteed plans, foundations and endowments. They also manage portfolios for high net worth individuals through the platforms of some of the largest broker dealers in the world. EARNEST Partners is a fundamental, bottom-up investor; their investment decisions focus on the merits of individual securities.
The firm believes the best investment decisions are thoughtfully distilled from a pool of expertise, and they are pleased to offer their clients a team with the experience and the network to assess the relevant geopolitical issues, demographic trends and cultural considerations impacting their investments. They believe that identifying the most attractive investment opportunities takes a global focus.
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. 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.
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