
Harbor Mid Cap Fund (HMCLX)
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Welcome
Deep Industry Knowledge. Research-oriented process executed by a diverse team of experienced investors with specialized subject matter expertise.
Valuation Discipline. Focus on fundamentals, not sentiment.
Return Pattern Recognition. Earnest consistently seeks company characteristics that they believe are hallmarks of outstanding financial performance.
Related Funds to Consider
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. |
“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
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 6/30/2023
Company Name [Ticker]
Country
Shares (000's)
Current Price ($)
Market Value ($000's)
% of Net Assets
Republic Services Inc. [RSG]
20
153.17
3,030
3.0
Synopsys Inc. [SNPS]
6
435.41
2,669
2.6
Entegris Inc. [ENTG]
24
110.82
2,619
2.6
Darden Restaurants Inc. [DRI]
15
167.08
2,538
2.5
Keysight Technologies Inc [KEYS]
15
167.45
2,481
2.5
CBRE Group Inc. Class A [CBRE]
30
80.71
2,386
2.4
Masco Corporation [MAS]
40
57.38
2,322
2.3
ANSYS Inc. [ANSS]
7
330.27
2,295
2.3
D.R. Horton Inc. [DHI]
18
121.69
2,154
2.1
Raymond James Financial Inc. [RJF]
20
103.77
2,068
2.0
Snap-on Incorporated [SNA]
7
288.19
2,060
2.0
Intercontinental Exchange Inc. [ICE]
18
113.08
2,035
2.0
RenaissanceRe Holdings Ltd. [RNR]
11
186.52
2,003
2.0
Akamai Technologies Inc. [AKAM]
22
89.87
1,974
2.0
Spirit AeroSystems Holdings Inc. Class A [SPR]
68
29.19
1,972
2.0
Progressive Corporation [PGR]
15
132.37
1,951
1.9
Arrow Electronics Inc. [ARW]
13
143.23
1,923
1.9
Reinsurance Group of America Incorporated [RGA]
14
138.69
1,911
1.9
Sensata Technologies Holding PLC [ST]
41
44.99
1,863
1.8
Americold Realty Trust Inc. [COLD]
57
32.30
1,855
1.8
Albemarle Corporation [ALB]
8
223.09
1,833
1.8
Agilent Technologies Inc. [A]
15
120.25
1,815
1.8
Activision Blizzard Inc. [ATVI]
21
84.30
1,800
1.8
Houlihan Lokey Inc. Class A [HLI]
18
98.31
1,767
1.7
AmerisourceBergen Corporation [ABC]
9
192.43
1,743
1.7
Coterra Energy Inc. [CTRA]
68
25.30
1,732
1.7
Skyworks Solutions Inc. [SWKS]
16
110.69
1,728
1.7
Bio-Rad Laboratories Inc. Class A [BIO]
5
379.12
1,712
1.7
Air Lease Corporation Class A [AL]
40
41.85
1,680
1.7
Black Knight Inc. [BKI]
28
59.73
1,644
1.6
SBA Communications Corp. Class A [SBAC]
7
231.76
1,645
1.6
Stifel Financial Corp. [SF]
27
59.67
1,609
1.6
CSX Corporation [CSX]
47
34.10
1,605
1.6
Applied Materials Inc. [AMAT]
11
144.54
1,578
1.6
GATX Corporation [GATX]
12
128.74
1,553
1.5
General Dynamics Corporation [GD]
7
215.15
1,554
1.5
Cummins Inc. [CMI]
6
245.16
1,540
1.5
Woodward Inc. [WWD]
13
118.91
1,544
1.5
Scotts Miracle-Gro Company Class A [SMG]
24
62.69
1,530
1.5
Broadridge Financial Solutions Inc. [BR]
9
165.63
1,505
1.5
Eastman Chemical Company [EMN]
18
83.72
1,501
1.5
Hexcel Corporation [HXL]
20
76.02
1,496
1.5
Dover Corporation [DOV]
9
147.65
1,389
1.4
Global Payments Inc. [GPN]
14
98.52
1,372
1.4
DENTSPLY SIRONA Inc. [XRAY]
32
40.02
1,293
1.3
Sysco Corporation [SYY]
17
74.20
1,293
1.3
WEC Energy Group Inc [WEC]
14
88.24
1,270
1.3
Laboratory Corporation of America Holdings [LH]
5
241.33
1,258
1.2
Sealed Air Corporation [SEE]
30
40.00
1,209
1.2
Catalent Inc [CTLT]
27
43.36
1,168
1.2
ChampionX Corporation [CHX]
38
31.04
1,165
1.2
Lumentum Holdings Inc. [LITE]
21
56.73
1,166
1.2
Packaging Corporation of America [PKG]
8
132.16
1,122
1.1
Stericycle Inc. [SRCL]
22
46.44
1,019
1.0
KeyCorp [KEY]
110
9.24
1,013
1.0
Boston Properties Inc. [BXP]
17
57.59
998
1.0
Murphy Oil Corporation [MUR]
25
38.30
940
0.9
Helmerich & Payne Inc. [HP]
23
35.45
828
0.8
TJX Companies Inc [TJX]
9
84.79
749
0.7
Total
--
--
--
99,480
98.4
Cash and Other Assets Less Liabilities
--
--
--
--
1.6
Total Net Assets
--
--
--
--
100%
Sector Allocation
As of 6/30/2023
Mid Cap Fund (HMCLX)
Russell Midcap® Index
Industrials
HMCLX: 25.8%
Benchmark: 19.0%
Information Technology
HMCLX: 19.8%
Benchmark: 13.2%
Financials
HMCLX: 15.5%
Benchmark: 14.3%
Health Care
HMCLX: 8.9%
Benchmark: 11.8%
Materials
HMCLX: 7.1%
Benchmark: 5.9%
Real Estate
HMCLX: 6.8%
Benchmark: 7.9%
Consumer Discretionary
HMCLX: 5.4%
Benchmark: 10.4%
Energy
HMCLX: 4.6%
Benchmark: 4.6%
Communication Services
HMCLX: 1.8%
Benchmark: 3.7%
Consumer Staples
HMCLX: 1.3%
Benchmark: 3.9%
Utilities
HMCLX: 1.3%
Benchmark: 5.5%
HMCLX: Mid Cap Fund
Benchmark: Russell Midcap® Index
Sector Returns
As of 6/30/2023
Economic Sector
Mid Cap Fund %
Russell Midcap® Index %
Consumer Discretionary
14.4
7.4
Information Technology
9.5
7.3
Industrials
7.8
11.1
Real Estate
6.1
3.9
Energy
5.9
1.9
Financials
0.0
2.9
Communication Services
-1.5
3.2
Consumer Staples
-3.3
0.6
Materials
-4.7
1.0
Health Care
-4.8
0.7
Utilities
-6.1
-2.1
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.
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.